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

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 $1,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$97,443$96,575$95,728$94,902$94,095$92,384
2 years$48,239$47,341$46,470$45,626$44,807$43,090
3 years$31,840$30,938$30,069$29,233$28,427$26,757
4 years$23,642$22,743$21,883$21,061$20,275$18,664
5 years$18,725$17,830$16,982$16,177$15,413$13,866
6 years$15,447$14,560$13,724$12,937$12,195$10,715
7 years$13,107$12,227$11,405$10,636$9,918$8,504
8 years$11,353$10,481$9,672$8,922$8,228$6,880
9 years$9,989$9,126$8,331$7,600$6,929$5,646
10 years$8,899$8,044$7,263$6,551$5,904$4,685
11 years$8,008$7,161$6,394$5,701$5,078$3,922
12 years$7,265$6,427$5,675$5,001$4,400$3,305
13 years$6,638$5,808$5,070$4,415$3,837$2,802
14 years$6,100$5,280$4,555$3,919$3,364$2,386
15 years$5,635$4,823$4,113$3,495$2,962$2,039
16 years$5,228$4,425$3,729$3,130$2,617$1,749
17 years$4,869$4,075$3,393$2,812$2,321$1,504
18 years$4,551$3,766$3,097$2,534$2,064$1,296
19 years$4,266$3,490$2,836$2,290$1,839$1,119
20 years$4,010$3,243$2,602$2,074$1,643$968
21 years$3,779$3,021$2,394$1,882$1,470$839
22 years$3,569$2,820$2,206$1,711$1,318$727
23 years$3,378$2,637$2,037$1,558$1,183$631
24 years$3,203$2,471$1,884$1,421$1,063$549
25 years$3,042$2,319$1,745$1,298$957$477
26 years$2,894$2,179$1,618$1,187$862$415
27 years$2,757$2,051$1,503$1,086$777$361
28 years$2,630$1,933$1,397$995$701$315
29 years$2,512$1,823$1,300$913$633$274
30 years$2,402$1,722$1,211$838$572$239
31 years$2,299$1,628$1,129$769$517$209
32 years$2,203$1,540$1,053$707$468$182
33 years$2,113$1,459$983$650$423$159
34 years$2,029$1,382$919$598$383$139
35 years$1,949$1,311$859$551$347$121
36 years$1,874$1,245$804$507$315$106
37 years$1,803$1,182$752$467$285$92
38 years$1,736$1,123$704$431$258$81
39 years$1,673$1,068$660$397$234$70
40 years$1,613$1,016$619$366$213$62
41 years$1,556$967$580$338$193$54
42 years$1,502$921$544$312$175$47
43 years$1,451$878$511$288$159$41
44 years$1,402$837$479$266$144$36
45 years$1,355$798$450$246$131$31
46 years$1,311$761$423$227$119$27
47 years$1,269$726$397$210$108$24
48 years$1,228$693$373$194$98$21
49 years$1,189$662$351$179$89$18
50 years$1,152$633$330$165$81$16

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 $5,817 every year, while hoping to spend $41,881 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: 53/26/21 Blend
66$1,180,000$1,180,000$1,180,000$1,180,000
67$1,306,360$1,243,820$1,225,530$1,367,772
68$1,395,048$1,260,206$1,222,024$1,427,013
69$1,491,378$1,275,992$1,216,998$1,486,593
70$1,596,086$1,291,103$1,210,354$1,550,535
71$1,709,981$1,305,461$1,201,995$1,619,269
72$1,833,952$1,318,982$1,191,815$1,693,267
73$1,968,979$1,331,576$1,179,705$1,773,056
74$2,116,140$1,343,148$1,165,551$1,859,212
75$2,276,621$1,353,597$1,149,231$1,952,375
76$2,451,727$1,362,814$1,130,621$2,053,250
77$2,642,894$1,370,683$1,109,588$2,162,618
78$2,851,705$1,377,082$1,085,995$2,281,338
79$3,079,901$1,381,881$1,059,697$2,410,360
80$3,329,398$1,384,940$1,030,544$2,550,735
81$3,602,308$1,386,113$998,379$2,703,620
82$3,900,953$1,385,243$963,034$2,870,293
83$4,227,894$1,382,163$924,339$3,052,168
84$4,585,947$1,376,697$882,113$3,250,802
85$4,978,216$1,368,658$836,166$3,467,916
86$5,408,119$1,357,846$786,302$3,705,410
87$5,879,418$1,344,052$732,314$3,965,378
88$6,396,259$1,327,051$673,988$4,250,136
89$6,963,209$1,306,608$611,097$4,562,236
90$7,585,295$1,282,470$543,407$4,904,496
91$8,268,056$1,254,373$470,673$5,280,025
92$9,017,595$1,222,034$392,637$5,692,256
93$9,840,632$1,185,156$309,033$6,144,974
94$10,744,570$1,143,423$219,580$6,642,356
95$11,737,567$1,096,501$123,986$7,189,013
96$12,828,606$1,044,037$21,947$7,790,030
97$14,027,586$985,657$0$8,451,017
98$15,345,412$920,966$0$9,197,646
99$16,794,097$849,546$0$10,023,776
100$18,386,876$770,955$0$10,932,094