Can I retire at age 67 with 1,190,000?

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 $1,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$98,269$97,394$96,540$95,706$94,892$92,825
2 years$48,648$47,742$46,864$46,013$45,187$43,114
3 years$32,110$31,200$30,324$29,481$28,668$26,655
4 years$23,842$22,935$22,068$21,239$20,447$18,509
5 years$18,883$17,982$17,126$16,314$15,543$13,686
6 years$15,578$14,683$13,840$13,046$12,299$10,524
7 years$13,218$12,331$11,501$10,726$10,002$8,310
8 years$11,449$10,570$9,754$8,998$8,298$6,688
9 years$10,074$9,203$8,401$7,664$6,988$5,460
10 years$8,975$8,112$7,324$6,607$5,954$4,505
11 years$8,076$7,222$6,448$5,750$5,121$3,750
12 years$7,327$6,482$5,723$5,043$4,437$3,142
13 years$6,694$5,858$5,113$4,452$3,870$2,647
14 years$6,152$5,324$4,594$3,952$3,392$2,241
15 years$5,682$4,864$4,148$3,525$2,987$1,903
16 years$5,272$4,463$3,760$3,156$2,640$1,622
17 years$4,910$4,110$3,422$2,836$2,340$1,386
18 years$4,589$3,798$3,124$2,556$2,081$1,187
19 years$4,302$3,520$2,860$2,309$1,855$1,018
20 years$4,044$3,271$2,624$2,091$1,657$874
21 years$3,811$3,046$2,414$1,898$1,483$752
22 years$3,600$2,844$2,225$1,726$1,329$648
23 years$3,407$2,660$2,054$1,572$1,193$559
24 years$3,230$2,492$1,900$1,433$1,072$482
25 years$3,068$2,339$1,760$1,309$965$416
26 years$2,919$2,198$1,632$1,197$869$359
27 years$2,780$2,069$1,515$1,096$784$311
28 years$2,652$1,949$1,409$1,004$707$269
29 years$2,533$1,839$1,311$921$638$232
30 years$2,422$1,737$1,221$845$577$201
31 years$2,319$1,642$1,138$776$522$174
32 years$2,222$1,553$1,062$713$472$151
33 years$2,131$1,471$992$656$427$131
34 years$2,046$1,394$927$603$387$113
35 years$1,966$1,322$866$555$350$98
36 years$1,890$1,255$810$512$317$85
37 years$1,819$1,192$759$471$288$74
38 years$1,751$1,133$710$434$261$64
39 years$1,687$1,077$666$401$236$55
40 years$1,627$1,025$624$369$214$48
41 years$1,570$976$585$341$195$42
42 years$1,515$929$549$315$176$36
43 years$1,463$885$515$290$160$31
44 years$1,414$844$483$268$145$27
45 years$1,367$805$454$248$132$23
46 years$1,322$768$426$229$120$20
47 years$1,279$733$400$211$109$18
48 years$1,238$699$376$195$99$15
49 years$1,199$668$354$180$90$13
50 years$1,162$638$333$167$82$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,190,000, adding $2,539 every year, while hoping to spend $58,637 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: 60/16/24 Blend
66$1,190,000$1,190,000$1,190,000$1,190,000
67$1,313,999$1,250,929$1,232,484$1,384,275
68$1,385,638$1,249,835$1,211,383$1,431,236
69$1,462,618$1,246,723$1,187,610$1,475,868
70$1,545,423$1,241,430$1,161,013$1,523,290
71$1,634,584$1,233,787$1,131,434$1,573,784
72$1,730,682$1,223,613$1,098,707$1,627,665
73$1,834,357$1,210,716$1,062,660$1,685,281
74$1,946,312$1,194,892$1,023,109$1,747,016
75$2,067,319$1,175,925$979,867$1,813,299
76$2,198,227$1,153,587$932,734$1,884,604
77$2,339,969$1,127,635$881,503$1,961,455
78$2,493,571$1,097,814$825,959$2,044,434
79$2,660,160$1,063,852$765,873$2,134,186
80$2,840,977$1,025,462$701,011$2,231,423
81$3,037,386$982,339$631,124$2,336,936
82$3,250,887$934,162$555,955$2,451,599
83$3,483,132$880,590$475,234$2,576,380
84$3,735,937$821,264$388,679$2,712,349
85$4,011,300$755,803$295,997$2,860,692
86$4,311,419$683,804$196,880$3,022,719
87$4,638,717$604,844$91,009$3,199,879
88$4,995,856$518,471$0$3,393,777
89$5,385,770$424,212$0$3,611,813
90$5,811,685$321,565$0$3,875,555
91$6,277,155$210,000$0$4,163,934
92$6,786,092$88,958$0$4,479,442
93$7,342,804$0$0$4,824,827
94$7,952,033$0$0$5,210,542
95$8,619,003$0$0$5,650,050
96$9,349,462$0$0$6,131,492
97$10,149,745$0$0$6,659,052
98$11,026,826$0$0$7,237,342
99$11,988,386$0$0$7,871,437
100$13,042,886$0$0$8,566,931