Can I retire at age 67 with 1,260,000?

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 $1,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$104,050$103,123$102,219$101,336$100,474$97,141
2 years$51,510$50,550$49,621$48,719$47,845$44,519
3 years$33,999$33,035$32,108$31,215$30,355$27,141
4 years$25,245$24,284$23,366$22,489$21,649$18,572
5 years$19,994$19,039$18,133$17,273$16,457$13,525
6 years$16,495$15,547$14,654$13,814$13,022$10,237
7 years$13,996$13,056$12,178$11,357$10,591$7,951
8 years$12,123$11,192$10,328$9,527$8,786$6,291
9 years$10,667$9,744$8,895$8,115$7,399$5,046
10 years$9,502$8,589$7,755$6,995$6,304$4,089
11 years$8,551$7,646$6,827$6,088$5,422$3,341
12 years$7,758$6,863$6,059$5,340$4,699$2,746
13 years$7,088$6,202$5,414$4,714$4,097$2,269
14 years$6,514$5,638$4,864$4,185$3,592$1,883
15 years$6,017$5,150$4,392$3,732$3,162$1,567
16 years$5,582$4,725$3,982$3,342$2,795$1,308
17 years$5,199$4,352$3,623$3,003$2,478$1,094
18 years$4,859$4,021$3,307$2,706$2,203$917
19 years$4,555$3,727$3,028$2,445$1,964$770
20 years$4,282$3,463$2,779$2,214$1,754$647
21 years$4,036$3,226$2,556$2,010$1,570$544
22 years$3,811$3,011$2,356$1,827$1,407$458
23 years$3,607$2,816$2,175$1,664$1,263$386
24 years$3,420$2,639$2,012$1,518$1,135$326
25 years$3,248$2,476$1,863$1,386$1,022$275
26 years$3,090$2,327$1,728$1,267$920$232
27 years$2,944$2,190$1,605$1,160$830$196
28 years$2,808$2,064$1,492$1,063$749$165
29 years$2,682$1,947$1,388$975$676$140
30 years$2,565$1,839$1,293$895$611$118
31 years$2,455$1,738$1,205$822$552$100
32 years$2,353$1,645$1,125$755$500$84
33 years$2,256$1,558$1,050$694$452$71
34 years$2,166$1,476$981$639$409$60
35 years$2,081$1,400$917$588$371$51
36 years$2,001$1,329$858$542$336$43
37 years$1,926$1,262$803$499$304$36
38 years$1,854$1,200$752$460$276$31
39 years$1,787$1,141$705$424$250$26
40 years$1,723$1,085$660$391$227$22
41 years$1,662$1,033$619$361$206$19
42 years$1,604$984$581$333$187$16
43 years$1,549$937$545$307$170$13
44 years$1,497$894$512$284$154$11
45 years$1,447$852$480$262$140$10
46 years$1,400$813$451$242$127$8
47 years$1,355$776$424$224$115$7
48 years$1,311$740$398$207$105$6
49 years$1,270$707$374$191$95$5
50 years$1,230$675$352$177$86$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,260,000, adding $4,884 every year, while hoping to spend $22,495 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: 54/26/20 Blend
66$1,260,000$1,260,000$1,260,000$1,260,000
67$1,393,558$1,326,778$1,307,248$1,460,977
68$1,511,766$1,367,855$1,327,106$1,548,787
69$1,641,278$1,410,192$1,346,876$1,641,546
70$1,783,222$1,453,825$1,366,530$1,742,036
71$1,938,843$1,498,794$1,386,040$1,851,000
72$2,109,509$1,545,139$1,405,377$1,969,258
73$2,296,729$1,592,902$1,424,508$2,097,714
74$2,502,166$1,642,125$1,443,399$2,237,361
75$2,727,649$1,692,851$1,462,015$2,389,292
76$2,975,195$1,745,126$1,480,318$2,554,712
77$3,247,024$1,798,996$1,498,268$2,734,947
78$3,545,583$1,854,510$1,515,823$2,931,457
79$3,873,567$1,911,715$1,532,937$3,145,850
80$4,233,944$1,970,663$1,549,564$3,379,897
81$4,629,987$2,031,406$1,565,655$3,635,548
82$5,065,297$2,093,996$1,581,156$3,914,952
83$5,543,845$2,158,490$1,596,013$4,220,474
84$6,070,005$2,224,943$1,610,166$4,554,721
85$6,648,595$2,293,415$1,623,556$4,920,562
86$7,284,923$2,363,964$1,636,117$5,321,162
87$7,984,839$2,436,652$1,647,781$5,760,002
88$8,754,788$2,511,543$1,658,476$6,240,921
89$9,601,869$2,588,701$1,668,128$6,768,146
90$10,533,907$2,668,195$1,676,658$7,346,335
91$11,559,521$2,750,092$1,683,981$7,980,618
92$12,688,208$2,834,463$1,690,011$8,676,650
93$13,930,435$2,921,381$1,694,656$9,440,659
94$15,297,732$3,010,922$1,697,820$10,279,508
95$16,802,805$3,103,161$1,699,401$11,200,756
96$18,459,653$3,198,178$1,699,293$12,212,736
97$20,283,704$3,296,054$1,697,385$13,324,626
98$22,291,954$3,396,873$1,693,559$14,546,540
99$24,503,133$3,500,720$1,687,694$15,889,622
100$26,937,882$3,607,684$1,679,661$17,366,152