Can I retire at age 67 with 1,230,000?

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 $1,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$101,572$100,667$99,785$98,923$98,082$95,750
2 years$50,283$49,347$48,439$47,559$46,706$44,370
3 years$33,189$32,249$31,343$30,472$29,632$27,365
4 years$24,644$23,706$22,810$21,953$21,134$18,954
5 years$19,518$18,586$17,701$16,862$16,066$13,978
6 years$16,102$15,177$14,305$13,485$12,712$10,720
7 years$13,663$12,745$11,888$11,087$10,338$8,441
8 years$11,834$10,925$10,082$9,300$8,577$6,774
9 years$10,413$9,512$8,683$7,922$7,223$5,513
10 years$9,276$8,385$7,570$6,829$6,154$4,535
11 years$8,347$7,464$6,665$5,943$5,293$3,762
12 years$7,573$6,700$5,915$5,213$4,587$3,142
13 years$6,919$6,055$5,285$4,602$4,000$2,639
14 years$6,359$5,503$4,748$4,085$3,506$2,226
15 years$5,873$5,027$4,287$3,643$3,087$1,884
16 years$5,449$4,613$3,887$3,262$2,728$1,600
17 years$5,076$4,248$3,537$2,931$2,419$1,362
18 years$4,744$3,925$3,229$2,641$2,151$1,162
19 years$4,447$3,638$2,956$2,387$1,917$993
20 years$4,180$3,381$2,713$2,162$1,712$850
21 years$3,939$3,149$2,495$1,962$1,532$728
22 years$3,721$2,939$2,300$1,784$1,374$625
23 years$3,521$2,749$2,123$1,625$1,233$537
24 years$3,339$2,576$1,964$1,482$1,108$461
25 years$3,171$2,417$1,819$1,353$997$397
26 years$3,017$2,272$1,687$1,237$898$341
27 years$2,874$2,138$1,566$1,132$810$294
28 years$2,741$2,015$1,456$1,038$731$253
29 years$2,618$1,901$1,355$951$660$218
30 years$2,504$1,795$1,262$873$596$188
31 years$2,397$1,697$1,177$802$539$162
32 years$2,297$1,606$1,098$737$488$140
33 years$2,203$1,520$1,025$678$441$120
34 years$2,115$1,441$958$624$400$104
35 years$2,032$1,367$895$574$362$90
36 years$1,954$1,297$838$529$328$77
37 years$1,880$1,232$784$487$297$67
38 years$1,810$1,171$734$449$269$58
39 years$1,744$1,113$688$414$244$50
40 years$1,682$1,059$645$382$222$43
41 years$1,622$1,008$605$352$201$37
42 years$1,566$960$567$325$182$32
43 years$1,512$915$532$300$166$28
44 years$1,461$872$500$277$150$24
45 years$1,413$832$469$256$136$21
46 years$1,366$793$441$236$124$18
47 years$1,322$757$414$218$112$15
48 years$1,280$723$389$202$102$13
49 years$1,240$690$366$187$93$11
50 years$1,201$659$344$172$84$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,230,000, adding $3,838 every year, while hoping to spend $40,819 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: 27/50/23 Blend
66$1,230,000$1,230,000$1,230,000$1,230,000
67$1,359,419$1,294,229$1,275,164$1,386,181
68$1,454,649$1,314,215$1,274,451$1,427,660
69$1,558,223$1,333,812$1,272,346$1,468,338
70$1,670,952$1,352,959$1,268,759$1,511,153
71$1,793,723$1,371,588$1,263,596$1,556,313
72$1,927,515$1,389,628$1,256,759$1,604,048
73$2,073,406$1,407,004$1,248,145$1,654,615
74$2,232,579$1,423,633$1,237,644$1,708,297
75$2,406,341$1,439,429$1,225,143$1,765,410
76$2,596,126$1,454,300$1,210,524$1,826,305
77$2,803,516$1,468,146$1,193,662$1,891,370
78$3,030,251$1,480,862$1,174,426$1,961,038
79$3,278,248$1,492,335$1,152,680$2,035,787
80$3,549,616$1,502,446$1,128,282$2,116,149
81$3,846,679$1,511,068$1,101,081$2,202,712
82$4,171,994$1,518,065$1,070,922$2,296,129
83$4,528,380$1,523,292$1,037,640$2,397,125
84$4,918,939$1,526,598$1,001,065$2,506,502
85$5,347,088$1,527,818$961,018$2,625,148
86$5,816,590$1,526,780$917,311$2,754,048
87$6,331,590$1,523,301$869,749$2,894,294
88$6,896,655$1,517,184$818,128$3,047,092
89$7,516,812$1,508,224$762,233$3,213,779
90$8,197,600$1,496,202$701,842$3,395,837
91$8,945,123$1,480,883$636,721$3,594,902
92$9,766,101$1,462,022$566,627$3,812,788
93$10,667,939$1,439,357$491,305$4,051,501
94$11,658,794$1,412,610$410,488$4,313,258
95$12,747,652$1,381,489$323,901$4,600,515
96$13,944,413$1,345,682$231,252$4,915,984
97$15,259,983$1,304,860$132,239$5,262,667
98$16,706,378$1,258,676$26,546$5,643,880
99$18,296,837$1,206,759$0$6,063,293
100$20,045,944$1,148,720$0$6,546,122