Can I retire at age 67 with 1,180,000?

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 $1,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$97,443$96,575$95,728$94,902$94,095$93,073
2 years$48,239$47,341$46,470$45,626$44,807$43,779
3 years$31,840$30,938$30,069$29,233$28,427$27,424
4 years$23,642$22,743$21,883$21,061$20,275$19,304
5 years$18,725$17,830$16,982$16,177$15,413$14,477
6 years$15,447$14,560$13,724$12,937$12,195$11,297
7 years$13,107$12,227$11,405$10,636$9,918$9,056
8 years$11,353$10,481$9,672$8,922$8,228$7,403
9 years$9,989$9,126$8,331$7,600$6,929$6,141
10 years$8,899$8,044$7,263$6,551$5,904$5,152
11 years$8,008$7,161$6,394$5,701$5,078$4,361
12 years$7,265$6,427$5,675$5,001$4,400$3,718
13 years$6,638$5,808$5,070$4,415$3,837$3,189
14 years$6,100$5,280$4,555$3,919$3,364$2,749
15 years$5,635$4,823$4,113$3,495$2,962$2,379
16 years$5,228$4,425$3,729$3,130$2,617$2,066
17 years$4,869$4,075$3,393$2,812$2,321$1,799
18 years$4,551$3,766$3,097$2,534$2,064$1,571
19 years$4,266$3,490$2,836$2,290$1,839$1,374
20 years$4,010$3,243$2,602$2,074$1,643$1,205
21 years$3,779$3,021$2,394$1,882$1,470$1,058
22 years$3,569$2,820$2,206$1,711$1,318$930
23 years$3,378$2,637$2,037$1,558$1,183$819
24 years$3,203$2,471$1,884$1,421$1,063$721
25 years$3,042$2,319$1,745$1,298$957$636
26 years$2,894$2,179$1,618$1,187$862$562
27 years$2,757$2,051$1,503$1,086$777$496
28 years$2,630$1,933$1,397$995$701$439
29 years$2,512$1,823$1,300$913$633$388
30 years$2,402$1,722$1,211$838$572$343
31 years$2,299$1,628$1,129$769$517$304
32 years$2,203$1,540$1,053$707$468$269
33 years$2,113$1,459$983$650$423$238
34 years$2,029$1,382$919$598$383$211
35 years$1,949$1,311$859$551$347$187
36 years$1,874$1,245$804$507$315$166
37 years$1,803$1,182$752$467$285$147
38 years$1,736$1,123$704$431$258$130
39 years$1,673$1,068$660$397$234$116
40 years$1,613$1,016$619$366$213$103
41 years$1,556$967$580$338$193$91
42 years$1,502$921$544$312$175$81
43 years$1,451$878$511$288$159$72
44 years$1,402$837$479$266$144$64
45 years$1,355$798$450$246$131$57
46 years$1,311$761$423$227$119$50
47 years$1,269$726$397$210$108$45
48 years$1,228$693$373$194$98$40
49 years$1,189$662$351$179$89$35
50 years$1,152$633$330$165$81$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,180,000, adding $2,428 every year, while hoping to spend $55,366 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: 47/48/5 Blend
66$1,180,000$1,180,000$1,180,000$1,180,000
67$1,302,864$1,240,324$1,222,034$1,362,299
68$1,376,848$1,242,191$1,204,064$1,405,121
69$1,456,521$1,242,294$1,183,635$1,445,519
70$1,542,408$1,240,488$1,160,608$1,488,044
71$1,635,080$1,236,619$1,134,835$1,532,907
72$1,735,169$1,230,523$1,106,163$1,580,345
73$1,843,366$1,222,029$1,074,429$1,630,621
74$1,960,432$1,210,951$1,039,465$1,684,028
75$2,087,204$1,197,095$1,001,095$1,740,892
76$2,224,600$1,180,254$959,133$1,801,576
77$2,373,633$1,160,211$913,388$1,866,484
78$2,535,415$1,136,732$863,657$1,936,064
79$2,711,167$1,109,572$809,730$2,010,816
80$2,902,237$1,078,471$751,386$2,091,295
81$3,110,103$1,043,154$688,396$2,178,116
82$3,336,394$1,003,330$620,518$2,271,965
83$3,582,902$958,689$547,501$2,373,600
84$3,851,600$908,906$469,084$2,483,867
85$4,144,657$853,636$384,992$2,603,700
86$4,464,461$792,514$294,939$2,734,140
87$4,813,643$725,154$198,626$2,876,338
88$5,195,096$651,148$95,742$3,031,573
89$5,612,007$570,066$0$3,201,261
90$6,067,884$481,451$0$3,387,721
91$6,566,589$384,823$0$3,597,445
92$7,112,375$279,673$0$3,827,266
93$7,709,925$165,465$0$4,079,338
94$8,364,396$41,631$0$4,356,049
95$9,081,466$0$0$4,660,037
96$9,867,391$0$0$5,043,043
97$10,729,058$0$0$5,487,203
98$11,674,054$0$0$5,974,455
99$12,710,734$0$0$6,509,125
100$13,848,302$0$0$7,095,977