Can I retire at age 67 with 1,140,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $1,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$94,140$93,302$92,483$91,685$90,905$89,143
2 years$46,604$45,736$44,895$44,079$43,288$41,520
3 years$30,761$29,889$29,050$28,242$27,464$25,744
4 years$22,841$21,972$21,141$20,347$19,587$17,930
5 years$18,090$17,226$16,406$15,628$14,890$13,300
6 years$14,924$14,066$13,259$12,498$11,782$10,261
7 years$12,663$11,813$11,018$10,275$9,582$8,130
8 years$10,968$10,126$9,344$8,620$7,949$6,566
9 years$9,651$8,816$8,048$7,342$6,694$5,379
10 years$8,597$7,771$7,017$6,329$5,704$4,455
11 years$7,736$6,918$6,177$5,508$4,906$3,722
12 years$7,019$6,209$5,482$4,831$4,251$3,131
13 years$6,413$5,612$4,898$4,265$3,707$2,649
14 years$5,893$5,101$4,401$3,786$3,250$2,251
15 years$5,444$4,660$3,973$3,377$2,861$1,920
16 years$5,051$4,275$3,602$3,023$2,529$1,643
17 years$4,704$3,937$3,278$2,717$2,242$1,410
18 years$4,397$3,638$2,992$2,448$1,994$1,213
19 years$4,122$3,372$2,739$2,212$1,777$1,045
20 years$3,874$3,133$2,514$2,004$1,587$902
21 years$3,651$2,918$2,313$1,818$1,420$779
22 years$3,448$2,724$2,131$1,653$1,273$674
23 years$3,264$2,548$1,968$1,506$1,143$584
24 years$3,094$2,387$1,820$1,373$1,027$506
25 years$2,939$2,240$1,686$1,254$924$439
26 years$2,796$2,106$1,563$1,147$833$381
27 years$2,664$1,982$1,452$1,050$751$331
28 years$2,541$1,867$1,350$962$677$288
29 years$2,427$1,762$1,256$882$612$250
30 years$2,321$1,664$1,170$809$553$218
31 years$2,221$1,573$1,091$743$500$189
32 years$2,129$1,488$1,018$683$452$165
33 years$2,042$1,409$950$628$409$143
34 years$1,960$1,336$888$578$370$125
35 years$1,883$1,267$830$532$335$109
36 years$1,811$1,202$776$490$304$95
37 years$1,742$1,142$727$451$275$82
38 years$1,678$1,085$681$416$250$72
39 years$1,616$1,032$638$384$226$63
40 years$1,559$982$598$354$205$55
41 years$1,504$935$560$327$186$48
42 years$1,451$890$526$301$169$41
43 years$1,402$848$493$278$153$36
44 years$1,354$808$463$257$139$31
45 years$1,309$771$435$237$126$27
46 years$1,267$735$408$219$115$24
47 years$1,226$702$384$202$104$21
48 years$1,186$670$360$187$95$18
49 years$1,149$640$339$173$86$16
50 years$1,113$611$319$160$78$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,140,000, adding $2,853 every year, while hoping to spend $27,419 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 47/36/17 Blend
66$1,140,000$1,140,000$1,140,000$1,140,000
67$1,259,223$1,198,803$1,181,133$1,312,227
68$1,358,490$1,228,371$1,191,527$1,378,923
69$1,466,963$1,258,468$1,201,351$1,448,263
70$1,585,553$1,289,093$1,210,556$1,522,935
71$1,715,261$1,320,240$1,219,091$1,603,448
72$1,857,191$1,351,905$1,226,904$1,690,362
73$2,012,557$1,384,081$1,233,938$1,784,293
74$2,182,698$1,416,761$1,240,134$1,885,922
75$2,369,086$1,449,935$1,245,432$1,995,997
76$2,573,344$1,483,593$1,249,765$2,115,344
77$2,797,258$1,517,722$1,253,065$2,244,870
78$3,042,797$1,552,309$1,255,261$2,385,578
79$3,312,127$1,587,337$1,256,277$2,538,572
80$3,607,637$1,622,789$1,256,035$2,705,066
81$3,931,955$1,658,645$1,254,452$2,886,401
82$4,287,979$1,694,883$1,251,440$3,084,053
83$4,678,898$1,731,477$1,246,909$3,299,650
84$5,108,228$1,768,402$1,240,762$3,534,986
85$5,579,840$1,805,626$1,232,901$3,792,036
86$6,097,999$1,843,118$1,223,219$4,072,980
87$6,667,405$1,880,840$1,211,606$4,380,218
88$7,293,233$1,918,755$1,197,948$4,716,396
89$7,981,187$1,956,818$1,182,124$5,084,430
90$8,737,550$1,994,984$1,164,006$5,487,536
91$9,569,244$2,033,201$1,143,464$5,929,257
92$10,483,895$2,071,417$1,120,359$6,413,497
93$11,489,906$2,109,570$1,094,544$6,944,561
94$12,596,535$2,147,597$1,065,870$7,527,193
95$13,813,981$2,185,429$1,034,177$8,166,623
96$15,153,484$2,222,992$999,299$8,868,614
97$16,627,427$2,260,206$961,062$9,639,519
98$18,249,452$2,296,984$919,286$10,486,341
99$20,034,595$2,333,234$873,780$11,416,798
100$21,999,418$2,368,857$824,346$12,439,397