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%19.5%
1 years$98,269$97,394$96,540$95,706$94,892$91,272
2 years$48,648$47,742$46,864$46,013$45,187$41,582
3 years$32,110$31,200$30,324$29,481$28,668$25,192
4 years$23,842$22,935$22,068$21,239$20,447$17,126
5 years$18,883$17,982$17,126$16,314$15,543$12,386
6 years$15,578$14,683$13,840$13,046$12,299$9,308
7 years$13,218$12,331$11,501$10,726$10,002$7,177
8 years$11,449$10,570$9,754$8,998$8,298$5,635
9 years$10,074$9,203$8,401$7,664$6,988$4,484
10 years$8,975$8,112$7,324$6,607$5,954$3,604
11 years$8,076$7,222$6,448$5,750$5,121$2,919
12 years$7,327$6,482$5,723$5,043$4,437$2,379
13 years$6,694$5,858$5,113$4,452$3,870$1,949
14 years$6,152$5,324$4,594$3,952$3,392$1,602
15 years$5,682$4,864$4,148$3,525$2,987$1,321
16 years$5,272$4,463$3,760$3,156$2,640$1,092
17 years$4,910$4,110$3,422$2,836$2,340$905
18 years$4,589$3,798$3,124$2,556$2,081$751
19 years$4,302$3,520$2,860$2,309$1,855$624
20 years$4,044$3,271$2,624$2,091$1,657$519
21 years$3,811$3,046$2,414$1,898$1,483$433
22 years$3,600$2,844$2,225$1,726$1,329$361
23 years$3,407$2,660$2,054$1,572$1,193$301
24 years$3,230$2,492$1,900$1,433$1,072$251
25 years$3,068$2,339$1,760$1,309$965$210
26 years$2,919$2,198$1,632$1,197$869$175
27 years$2,780$2,069$1,515$1,096$784$146
28 years$2,652$1,949$1,409$1,004$707$122
29 years$2,533$1,839$1,311$921$638$102
30 years$2,422$1,737$1,221$845$577$85
31 years$2,319$1,642$1,138$776$522$71
32 years$2,222$1,553$1,062$713$472$60
33 years$2,131$1,471$992$656$427$50
34 years$2,046$1,394$927$603$387$42
35 years$1,966$1,322$866$555$350$35
36 years$1,890$1,255$810$512$317$29
37 years$1,819$1,192$759$471$288$24
38 years$1,751$1,133$710$434$261$20
39 years$1,687$1,077$666$401$236$17
40 years$1,627$1,025$624$369$214$14
41 years$1,570$976$585$341$195$12
42 years$1,515$929$549$315$176$10
43 years$1,463$885$515$290$160$8
44 years$1,414$844$483$268$145$7
45 years$1,367$805$454$248$132$6
46 years$1,322$768$426$229$120$5
47 years$1,279$733$400$211$109$4
48 years$1,238$699$376$195$99$3
49 years$1,199$668$354$180$90$3
50 years$1,162$638$333$167$82$2

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 $5,225 every year, while hoping to spend $39,263 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: 46/34/20 Blend
66$1,190,000$1,190,000$1,190,000$1,190,000
67$1,316,770$1,253,700$1,235,255$1,369,590
68$1,409,305$1,273,355$1,234,860$1,426,741
69$1,509,962$1,292,658$1,233,136$1,484,387
70$1,619,529$1,311,550$1,229,998$1,546,114
71$1,738,872$1,329,967$1,225,354$1,612,318
72$1,868,944$1,347,842$1,219,110$1,683,440
73$2,010,794$1,365,103$1,211,167$1,759,966
74$2,165,575$1,381,674$1,201,421$1,842,431
75$2,334,559$1,397,471$1,189,764$1,931,429
76$2,519,144$1,412,407$1,176,082$2,027,613
77$2,720,871$1,426,389$1,160,254$2,131,706
78$2,941,434$1,439,316$1,142,157$2,244,506
79$3,182,700$1,451,083$1,121,659$2,366,894
80$3,446,724$1,461,574$1,098,624$2,499,844
81$3,735,769$1,470,671$1,072,907$2,644,430
82$4,052,328$1,478,244$1,044,360$2,801,838
83$4,399,144$1,484,157$1,012,824$2,973,380
84$4,779,240$1,488,264$978,137$3,160,500
85$5,195,945$1,490,411$940,127$3,364,797
86$5,652,924$1,490,433$898,613$3,588,032
87$6,154,214$1,488,157$853,410$3,832,153
88$6,704,265$1,483,397$804,319$4,099,306
89$7,307,973$1,475,957$751,138$4,391,864
90$7,970,736$1,465,629$693,650$4,712,443
91$8,698,497$1,452,191$631,634$5,063,931
92$9,497,805$1,435,409$564,854$5,449,516
93$10,375,871$1,415,034$493,067$5,872,715
94$11,340,643$1,390,804$416,018$6,337,410
95$12,400,875$1,362,439$333,440$6,847,884
96$13,566,209$1,329,644$245,056$7,408,864
97$14,847,272$1,292,107$150,575$8,025,563
98$16,255,769$1,249,495$49,694$8,703,736
99$17,804,596$1,201,458$0$9,449,728
100$19,507,961$1,147,626$0$10,282,913