Can I retire at age 67 with 1,160,000?

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 $1,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$95,792$94,938$94,106$93,293$92,500$88,971
2 years$47,422$46,538$45,683$44,853$44,048$40,533
3 years$31,300$30,413$29,560$28,738$27,946$24,557
4 years$23,241$22,357$21,512$20,704$19,931$16,694
5 years$18,407$17,528$16,694$15,902$15,151$12,074
6 years$15,185$14,313$13,491$12,717$11,989$9,073
7 years$12,885$12,020$11,211$10,456$9,750$6,996
8 years$11,161$10,303$9,508$8,771$8,089$5,493
9 years$9,820$8,971$8,189$7,471$6,812$4,371
10 years$8,748$7,908$7,140$6,440$5,804$3,513
11 years$7,872$7,040$6,286$5,605$4,992$2,846
12 years$7,142$6,318$5,578$4,916$4,326$2,319
13 years$6,525$5,710$4,984$4,340$3,772$1,899
14 years$5,997$5,190$4,478$3,853$3,307$1,562
15 years$5,539$4,741$4,043$3,436$2,911$1,288
16 years$5,139$4,350$3,666$3,077$2,573$1,065
17 years$4,787$4,006$3,336$2,764$2,281$882
18 years$4,474$3,702$3,045$2,491$2,029$732
19 years$4,194$3,431$2,788$2,251$1,808$609
20 years$3,942$3,188$2,558$2,039$1,615$506
21 years$3,715$2,970$2,353$1,850$1,445$422
22 years$3,509$2,772$2,169$1,682$1,295$351
23 years$3,321$2,593$2,002$1,532$1,163$293
24 years$3,149$2,429$1,852$1,397$1,045$245
25 years$2,991$2,280$1,715$1,276$941$204
26 years$2,845$2,143$1,591$1,167$847$171
27 years$2,710$2,016$1,477$1,068$764$143
28 years$2,585$1,900$1,373$979$689$119
29 years$2,469$1,792$1,278$897$622$100
30 years$2,361$1,693$1,190$824$562$83
31 years$2,260$1,600$1,110$756$508$70
32 years$2,166$1,514$1,035$695$460$58
33 years$2,077$1,434$967$639$416$49
34 years$1,994$1,359$903$588$377$41
35 years$1,916$1,289$844$541$341$34
36 years$1,842$1,223$790$499$309$28
37 years$1,773$1,162$739$459$280$24
38 years$1,707$1,104$692$423$254$20
39 years$1,645$1,050$649$390$230$17
40 years$1,586$999$608$360$209$14
41 years$1,530$951$570$332$190$12
42 years$1,477$906$535$307$172$10
43 years$1,426$863$502$283$156$8
44 years$1,378$823$471$261$142$7
45 years$1,332$784$442$241$129$6
46 years$1,289$748$415$223$117$5
47 years$1,247$714$390$206$106$4
48 years$1,207$682$367$190$96$3
49 years$1,169$651$345$176$87$3
50 years$1,133$622$324$163$79$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,160,000, adding $2,883 every year, while hoping to spend $32,182 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: 35/49/16 Blend
66$1,160,000$1,160,000$1,160,000$1,160,000
67$1,281,294$1,219,814$1,201,834$1,319,733
68$1,377,744$1,245,343$1,207,854$1,373,474
69$1,482,954$1,271,045$1,212,997$1,428,185
70$1,597,783$1,296,894$1,217,200$1,486,528
71$1,723,177$1,322,861$1,220,396$1,548,843
72$1,860,177$1,348,918$1,222,515$1,615,505
73$2,009,930$1,375,029$1,223,484$1,686,926
74$2,173,698$1,401,161$1,223,226$1,763,563
75$2,352,871$1,427,274$1,221,661$1,845,918
76$2,548,980$1,453,327$1,218,702$1,934,546
77$2,763,710$1,479,274$1,214,263$2,030,060
78$2,998,916$1,505,066$1,208,248$2,133,135
79$3,256,643$1,530,651$1,200,562$2,244,516
80$3,539,140$1,555,973$1,191,100$2,365,025
81$3,848,888$1,580,971$1,179,757$2,495,570
82$4,188,615$1,605,579$1,166,420$2,637,151
83$4,561,330$1,629,728$1,150,971$2,790,874
84$4,970,343$1,653,343$1,133,286$2,957,956
85$5,419,305$1,676,344$1,113,238$3,139,743
86$5,912,233$1,698,644$1,090,691$3,337,719
87$6,453,555$1,720,151$1,065,503$3,553,519
88$7,048,148$1,740,768$1,037,527$3,788,951
89$7,701,383$1,760,390$1,006,609$4,046,008
90$8,419,179$1,778,905$972,585$4,326,887
91$9,208,057$1,796,193$935,288$4,634,015
92$10,075,199$1,812,126$894,541$4,970,067
93$11,028,519$1,826,570$850,158$5,337,995
94$12,076,736$1,839,380$801,946$5,741,057
95$13,229,455$1,850,402$749,703$6,182,844
96$14,497,260$1,859,471$693,218$6,667,320
97$15,891,810$1,866,415$632,270$7,198,856
98$17,425,952$1,871,048$566,630$7,782,274
99$19,113,843$1,873,172$496,055$8,422,894
100$20,971,077$1,872,580$420,295$9,126,580