Can I retire at age 67 with 1,170,000?

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 $1,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$96,618$95,757$94,917$94,098$93,297$92,748
2 years$47,830$46,940$46,076$45,239$44,427$43,873
3 years$31,570$30,676$29,814$28,985$28,187$27,645
4 years$23,442$22,550$21,697$20,882$20,103$19,578
5 years$18,566$17,679$16,838$16,040$15,282$14,775
6 years$15,316$14,436$13,608$12,827$12,092$11,603
7 years$12,996$12,124$11,308$10,546$9,834$9,364
8 years$11,257$10,392$9,590$8,847$8,158$7,708
9 years$9,905$9,048$8,260$7,535$6,870$6,438
10 years$8,824$7,976$7,201$6,496$5,854$5,441
11 years$7,940$7,100$6,340$5,653$5,035$4,640
12 years$7,204$6,373$5,626$4,958$4,363$3,986
13 years$6,581$5,759$5,027$4,378$3,805$3,445
14 years$6,048$5,235$4,517$3,886$3,335$2,993
15 years$5,587$4,782$4,078$3,466$2,936$2,611
16 years$5,184$4,388$3,697$3,103$2,595$2,286
17 years$4,828$4,041$3,364$2,788$2,301$2,008
18 years$4,512$3,734$3,071$2,513$2,046$1,768
19 years$4,230$3,461$2,812$2,270$1,824$1,560
20 years$3,976$3,216$2,580$2,056$1,629$1,380
21 years$3,747$2,995$2,373$1,866$1,458$1,222
22 years$3,539$2,796$2,187$1,697$1,307$1,084
23 years$3,350$2,615$2,020$1,545$1,173$963
24 years$3,176$2,450$1,868$1,409$1,054$857
25 years$3,016$2,299$1,730$1,287$949$763
26 years$2,869$2,161$1,605$1,177$855$680
27 years$2,734$2,034$1,490$1,077$770$606
28 years$2,608$1,916$1,385$987$695$541
29 years$2,491$1,808$1,289$905$628$483
30 years$2,382$1,707$1,201$831$567$432
31 years$2,280$1,614$1,119$763$513$386
32 years$2,185$1,527$1,044$701$464$345
33 years$2,095$1,446$975$645$420$309
34 years$2,011$1,371$911$593$380$276
35 years$1,933$1,300$852$546$344$247
36 years$1,858$1,234$797$503$312$221
37 years$1,788$1,172$746$463$283$198
38 years$1,722$1,114$698$427$256$178
39 years$1,659$1,059$654$394$232$159
40 years$1,600$1,008$613$363$211$143
41 years$1,543$959$575$335$191$128
42 years$1,490$914$539$309$174$115
43 years$1,439$870$506$286$157$103
44 years$1,390$830$475$264$143$92
45 years$1,344$791$446$243$130$83
46 years$1,300$755$419$225$118$74
47 years$1,258$720$394$208$107$67
48 years$1,218$688$370$192$97$60
49 years$1,179$657$348$177$88$54
50 years$1,142$627$327$164$80$48

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,170,000, adding $3,450 every year, while hoping to spend $23,377 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: 73/5/22 Blend
66$1,170,000$1,170,000$1,170,000$1,170,000
67$1,292,899$1,230,889$1,212,754$1,380,089
68$1,399,901$1,266,329$1,228,508$1,474,006
69$1,517,035$1,302,723$1,244,007$1,573,734
70$1,645,308$1,340,092$1,259,216$1,682,411
71$1,785,831$1,378,458$1,274,102$1,800,923
72$1,939,828$1,417,844$1,288,626$1,930,248
73$2,108,645$1,458,274$1,302,750$2,071,461
74$2,293,767$1,499,769$1,316,432$2,225,748
75$2,496,827$1,542,354$1,329,628$2,394,416
76$2,719,626$1,586,052$1,342,294$2,578,903
77$2,964,146$1,630,887$1,354,379$2,780,794
78$3,232,572$1,676,883$1,365,834$3,001,836
79$3,527,309$1,724,065$1,376,604$3,243,953
80$3,851,007$1,772,457$1,386,632$3,509,266
81$4,206,585$1,822,083$1,395,860$3,800,112
82$4,597,260$1,872,968$1,404,224$4,119,064
83$5,026,574$1,925,137$1,411,659$4,468,958
84$5,498,431$1,978,614$1,418,096$4,852,922
85$6,017,130$2,033,425$1,423,461$5,274,397
86$6,587,409$2,089,595$1,427,679$5,737,181
87$7,214,487$2,147,147$1,430,668$6,245,454
88$7,904,114$2,206,108$1,432,346$6,803,825
89$8,662,627$2,266,500$1,432,623$7,417,371
90$9,497,005$2,328,349$1,431,406$8,091,689
91$10,414,940$2,391,678$1,428,598$8,832,945
92$11,424,905$2,456,512$1,424,097$9,647,933
93$12,536,238$2,522,873$1,417,797$10,544,143
94$13,759,225$2,590,784$1,409,584$11,529,825
95$15,105,202$2,660,269$1,399,341$12,614,073
96$16,586,658$2,731,348$1,386,944$13,806,907
97$18,217,356$2,804,042$1,372,266$15,119,371
98$20,012,459$2,878,373$1,355,169$16,563,633
99$21,988,676$2,954,360$1,335,513$18,153,105
100$24,164,417$3,032,020$1,313,150$19,902,563