Can I retire at age 67 with 1,250,000?

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 $1,250,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$103,224$102,304$101,407$100,532$99,677$96,953
2 years$51,101$50,149$49,227$48,333$47,465$44,740
3 years$33,729$32,773$31,853$30,967$30,114$27,474
4 years$25,045$24,092$23,181$22,310$21,477$18,943
5 years$19,835$18,888$17,989$17,136$16,327$13,904
6 years$16,364$15,424$14,538$13,704$12,919$10,610
7 years$13,885$12,953$12,081$11,267$10,506$8,313
8 years$12,027$11,103$10,246$9,451$8,716$6,636
9 years$10,582$9,667$8,825$8,051$7,340$5,371
10 years$9,427$8,521$7,694$6,940$6,254$4,394
11 years$8,483$7,586$6,773$6,040$5,379$3,624
12 years$7,696$6,809$6,011$5,298$4,661$3,009
13 years$7,031$6,153$5,371$4,677$4,065$2,512
14 years$6,462$5,593$4,825$4,152$3,563$2,106
15 years$5,969$5,109$4,357$3,703$3,137$1,771
16 years$5,538$4,688$3,950$3,315$2,773$1,494
17 years$5,158$4,317$3,594$2,979$2,458$1,264
18 years$4,821$3,989$3,281$2,684$2,186$1,071
19 years$4,519$3,697$3,004$2,426$1,948$909
20 years$4,248$3,436$2,757$2,197$1,740$773
21 years$4,004$3,200$2,536$1,994$1,557$658
22 years$3,781$2,987$2,337$1,813$1,396$560
23 years$3,579$2,794$2,158$1,651$1,253$478
24 years$3,393$2,618$1,996$1,506$1,126$408
25 years$3,223$2,457$1,848$1,375$1,014$348
26 years$3,066$2,309$1,714$1,257$913$297
27 years$2,921$2,173$1,592$1,151$823$254
28 years$2,786$2,047$1,480$1,054$743$217
29 years$2,661$1,931$1,377$967$671$186
30 years$2,544$1,824$1,283$887$606$159
31 years$2,436$1,724$1,196$815$548$136
32 years$2,334$1,632$1,116$749$496$116
33 years$2,239$1,545$1,042$689$448$100
34 years$2,149$1,464$973$634$406$85
35 years$2,065$1,389$910$583$368$73
36 years$1,985$1,318$851$537$333$63
37 years$1,910$1,252$797$495$302$54
38 years$1,840$1,190$746$456$274$46
39 years$1,772$1,132$699$421$248$39
40 years$1,709$1,077$655$388$225$34
41 years$1,649$1,025$614$358$204$29
42 years$1,591$976$576$330$185$25
43 years$1,537$930$541$305$168$21
44 years$1,485$886$508$282$153$18
45 years$1,436$845$477$260$139$16
46 years$1,389$806$448$240$126$13
47 years$1,344$770$421$222$114$11
48 years$1,301$735$395$205$104$10
49 years$1,260$702$372$190$94$8
50 years$1,220$670$349$175$86$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,250,000, adding $2,146 every year, while hoping to spend $58,265 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: 56/35/9 Blend
66$1,250,000$1,250,000$1,250,000$1,250,000
67$1,379,714$1,313,464$1,294,089$1,453,886
68$1,458,451$1,315,830$1,275,447$1,506,573
69$1,543,267$1,316,359$1,254,228$1,557,286
70$1,634,719$1,314,900$1,230,284$1,611,116
71$1,733,422$1,311,292$1,203,460$1,668,368
72$1,840,050$1,305,364$1,173,595$1,729,382
73$1,955,342$1,296,934$1,140,518$1,794,530
74$2,080,115$1,285,811$1,104,053$1,864,230
75$2,215,261$1,271,791$1,064,013$1,938,942
76$2,361,767$1,254,658$1,020,207$2,019,176
77$2,520,713$1,234,182$972,430$2,105,497
78$2,693,291$1,210,122$920,471$2,198,531
79$2,880,808$1,182,219$864,108$2,298,970
80$3,084,706$1,150,203$803,111$2,407,583
81$3,306,567$1,113,785$737,237$2,525,219
82$3,548,136$1,072,660$666,234$2,652,819
83$3,811,331$1,026,505$589,837$2,791,423
84$4,098,262$974,978$507,772$2,942,183
85$4,411,252$917,720$419,750$3,106,373
86$4,752,859$854,347$325,471$3,285,405
87$5,125,897$784,457$224,620$3,480,837
88$5,533,465$707,621$116,871$3,694,395
89$5,978,973$623,390$1,881$3,927,986
90$6,466,178$531,285$0$4,183,721
91$6,999,214$430,804$0$4,475,535
92$7,582,635$321,414$0$4,795,350
93$8,221,453$202,554$0$5,145,874
94$8,921,192$73,629$0$5,530,294
95$9,687,929$0$0$5,952,135
96$10,528,363$0$0$6,440,698
97$11,449,866$0$0$7,007,595
98$12,460,563$0$0$7,629,478
99$13,569,400$0$0$8,311,868
100$14,786,231$0$0$9,060,843