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

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 $1,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$98,269$97,394$96,540$95,706$94,892$93,244
2 years$48,648$47,742$46,864$46,013$45,187$43,531
3 years$32,110$31,200$30,324$29,481$28,668$27,057
4 years$23,842$22,935$22,068$21,239$20,447$18,892
5 years$18,883$17,982$17,126$16,314$15,543$14,050
6 years$15,578$14,683$13,840$13,046$12,299$10,869
7 years$13,218$12,331$11,501$10,726$10,002$8,636
8 years$11,449$10,570$9,754$8,998$8,298$6,995
9 years$10,074$9,203$8,401$7,664$6,988$5,748
10 years$8,975$8,112$7,324$6,607$5,954$4,775
11 years$8,076$7,222$6,448$5,750$5,121$4,002
12 years$7,327$6,482$5,723$5,043$4,437$3,377
13 years$6,694$5,858$5,113$4,452$3,870$2,867
14 years$6,152$5,324$4,594$3,952$3,392$2,444
15 years$5,682$4,864$4,148$3,525$2,987$2,092
16 years$5,272$4,463$3,760$3,156$2,640$1,797
17 years$4,910$4,110$3,422$2,836$2,340$1,547
18 years$4,589$3,798$3,124$2,556$2,081$1,336
19 years$4,302$3,520$2,860$2,309$1,855$1,155
20 years$4,044$3,271$2,624$2,091$1,657$1,001
21 years$3,811$3,046$2,414$1,898$1,483$868
22 years$3,600$2,844$2,225$1,726$1,329$754
23 years$3,407$2,660$2,054$1,572$1,193$655
24 years$3,230$2,492$1,900$1,433$1,072$570
25 years$3,068$2,339$1,760$1,309$965$497
26 years$2,919$2,198$1,632$1,197$869$433
27 years$2,780$2,069$1,515$1,096$784$378
28 years$2,652$1,949$1,409$1,004$707$330
29 years$2,533$1,839$1,311$921$638$288
30 years$2,422$1,737$1,221$845$577$251
31 years$2,319$1,642$1,138$776$522$219
32 years$2,222$1,553$1,062$713$472$192
33 years$2,131$1,471$992$656$427$168
34 years$2,046$1,394$927$603$387$147
35 years$1,966$1,322$866$555$350$128
36 years$1,890$1,255$810$512$317$112
37 years$1,819$1,192$759$471$288$98
38 years$1,751$1,133$710$434$261$86
39 years$1,687$1,077$666$401$236$75
40 years$1,627$1,025$624$369$214$66
41 years$1,570$976$585$341$195$57
42 years$1,515$929$549$315$176$50
43 years$1,463$885$515$290$160$44
44 years$1,414$844$483$268$145$39
45 years$1,367$805$454$248$132$34
46 years$1,322$768$426$229$120$30
47 years$1,279$733$400$211$109$26
48 years$1,238$699$376$195$99$23
49 years$1,199$668$354$180$90$20
50 years$1,162$638$333$167$82$17

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 $3,409 every year, while hoping to spend $48,967 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: 47/39/14 Blend
66$1,190,000$1,190,000$1,190,000$1,190,000
67$1,314,896$1,251,826$1,233,381$1,371,378
68$1,396,915$1,261,065$1,222,599$1,420,068
69$1,485,659$1,269,116$1,209,815$1,467,594
70$1,581,762$1,275,868$1,194,909$1,518,096
71$1,685,921$1,281,205$1,177,758$1,571,871
72$1,798,903$1,285,002$1,158,230$1,629,247
73$1,921,551$1,287,127$1,136,191$1,690,585
74$2,054,793$1,287,440$1,111,497$1,756,289
75$2,199,648$1,285,792$1,083,999$1,826,804
76$2,357,240$1,282,023$1,053,541$1,902,625
77$2,528,803$1,275,967$1,019,959$1,984,298
78$2,715,696$1,267,444$983,083$2,072,431
79$2,919,414$1,256,266$942,733$2,167,694
80$3,141,603$1,242,231$898,723$2,270,830
81$3,384,074$1,225,128$850,858$2,382,664
82$3,648,821$1,204,731$798,933$2,504,105
83$3,938,038$1,180,800$742,735$2,636,163
84$4,254,142$1,153,084$682,041$2,779,952
85$4,599,794$1,121,314$616,618$2,936,709
86$4,977,921$1,085,206$546,223$3,107,798
87$5,391,749$1,044,462$470,602$3,294,731
88$5,844,829$998,762$389,489$3,499,179
89$6,341,072$947,771$302,606$3,722,991
90$6,884,783$891,134$209,666$3,968,208
91$7,480,706$828,475$110,365$4,237,091
92$8,134,065$759,396$4,388$4,532,137
93$8,850,610$683,478$0$4,856,106
94$9,636,681$600,276$0$5,228,289
95$10,499,254$509,322$0$5,637,571
96$11,446,018$410,119$0$6,087,077
97$12,485,441$302,144$0$6,580,977
98$13,626,851$184,844$0$7,123,876
99$14,880,524$57,635$0$7,720,857
100$16,257,779$0$0$8,377,531