Can I retire at age 67 with 1,150,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$94,966$94,120$93,295$92,489$91,703$88,308
2 years$47,013$46,137$45,289$44,466$43,668$40,287
3 years$31,031$30,151$29,305$28,490$27,705$24,443
4 years$23,041$22,164$21,326$20,525$19,759$16,641
5 years$18,248$17,377$16,550$15,765$15,021$12,055
6 years$15,055$14,190$13,375$12,608$11,885$9,074
7 years$12,774$11,916$11,115$10,365$9,666$7,008
8 years$11,064$10,215$9,426$8,695$8,019$5,513
9 years$9,735$8,894$8,119$7,407$6,753$4,394
10 years$8,673$7,839$7,078$6,384$5,754$3,539
11 years$7,804$6,979$6,231$5,556$4,949$2,872
12 years$7,081$6,264$5,530$4,874$4,288$2,346
13 years$6,469$5,661$4,941$4,303$3,739$1,925
14 years$5,945$5,145$4,439$3,820$3,278$1,586
15 years$5,491$4,700$4,008$3,406$2,886$1,311
16 years$5,095$4,313$3,634$3,050$2,551$1,086
17 years$4,745$3,972$3,307$2,740$2,262$902
18 years$4,435$3,670$3,019$2,470$2,011$750
19 years$4,158$3,401$2,763$2,232$1,792$625
20 years$3,908$3,161$2,536$2,021$1,601$521
21 years$3,683$2,944$2,333$1,834$1,433$435
22 years$3,479$2,748$2,150$1,668$1,284$363
23 years$3,292$2,570$1,985$1,519$1,153$304
24 years$3,122$2,408$1,836$1,385$1,036$254
25 years$2,965$2,260$1,700$1,265$932$213
26 years$2,820$2,124$1,577$1,157$840$178
27 years$2,687$1,999$1,464$1,059$757$149
28 years$2,563$1,884$1,361$970$683$125
29 years$2,448$1,777$1,267$890$617$105
30 years$2,341$1,678$1,180$816$557$88
31 years$2,241$1,586$1,100$750$504$74
32 years$2,147$1,501$1,026$689$456$62
33 years$2,059$1,422$958$634$413$52
34 years$1,977$1,347$895$583$374$43
35 years$1,900$1,278$837$537$338$36
36 years$1,826$1,213$783$494$307$30
37 years$1,758$1,152$733$455$278$26
38 years$1,692$1,095$686$420$252$21
39 years$1,631$1,041$643$387$228$18
40 years$1,572$990$603$357$207$15
41 years$1,517$943$565$329$188$13
42 years$1,464$898$530$304$171$11
43 years$1,414$856$498$281$155$9
44 years$1,366$816$467$259$141$7
45 years$1,321$778$439$239$128$6
46 years$1,278$742$412$221$116$5
47 years$1,236$708$387$204$105$4
48 years$1,197$676$364$189$96$4
49 years$1,159$645$342$174$87$3
50 years$1,123$617$321$161$79$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,150,000, adding $5,397 every year, while hoping to spend $45,435 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: 67/13/20 Blend
66$1,150,000$1,150,000$1,150,000$1,150,000
67$1,272,867$1,211,917$1,194,092$1,351,443
68$1,354,357$1,222,958$1,185,752$1,415,781
69$1,442,636$1,233,018$1,175,609$1,480,361
70$1,538,349$1,242,000$1,163,556$1,549,890
71$1,642,204$1,249,802$1,149,479$1,624,857
72$1,754,982$1,256,314$1,133,259$1,705,797
73$1,877,538$1,261,422$1,114,771$1,793,301
74$2,010,817$1,265,002$1,093,887$1,888,022
75$2,155,857$1,266,924$1,070,468$1,990,681
76$2,313,798$1,267,047$1,044,373$2,102,073
77$2,485,898$1,265,225$1,015,452$2,223,073
78$2,673,539$1,261,300$983,549$2,354,651
79$2,878,243$1,255,107$948,500$2,497,872
80$3,101,685$1,246,468$910,136$2,653,914
81$3,345,708$1,235,196$868,277$2,824,077
82$3,612,343$1,221,094$822,737$3,009,793
83$3,903,824$1,203,949$773,321$3,212,644
84$4,222,611$1,183,540$719,824$3,434,374
85$4,571,413$1,159,629$662,034$3,676,906
86$4,953,213$1,131,967$599,728$3,942,363
87$5,371,296$1,100,288$532,673$4,233,087
88$5,829,277$1,064,311$460,627$4,551,659
89$6,331,142$1,023,740$383,336$4,900,927
90$6,881,275$978,261$300,535$5,284,033
91$7,484,510$927,540$211,948$5,704,443
92$8,146,167$871,227$117,285$6,165,977
93$8,872,107$808,948$16,245$6,672,851
94$9,668,787$740,311$0$7,229,713
95$10,543,317$664,901$0$7,861,232
96$11,503,532$582,277$0$8,558,489
97$12,558,059$491,975$0$9,324,319
98$13,716,405$393,506$0$10,165,675
99$14,989,041$286,350$0$11,090,217
100$16,387,503$169,962$0$12,106,386