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%16.4%
1 years$104,050$103,123$102,219$101,336$100,474$97,847
2 years$51,510$50,550$49,621$48,719$47,845$45,216
3 years$33,999$33,035$32,108$31,215$30,355$27,806
4 years$25,245$24,284$23,366$22,489$21,649$19,201
5 years$19,994$19,039$18,133$17,273$16,457$14,116
6 years$16,495$15,547$14,654$13,814$13,022$10,790
7 years$13,996$13,056$12,178$11,357$10,591$8,467
8 years$12,123$11,192$10,328$9,527$8,786$6,771
9 years$10,667$9,744$8,895$8,115$7,399$5,491
10 years$9,502$8,589$7,755$6,995$6,304$4,500
11 years$8,551$7,646$6,827$6,088$5,422$3,719
12 years$7,758$6,863$6,059$5,340$4,699$3,094
13 years$7,088$6,202$5,414$4,714$4,097$2,588
14 years$6,514$5,638$4,864$4,185$3,592$2,174
15 years$6,017$5,150$4,392$3,732$3,162$1,833
16 years$5,582$4,725$3,982$3,342$2,795$1,549
17 years$5,199$4,352$3,623$3,003$2,478$1,313
18 years$4,859$4,021$3,307$2,706$2,203$1,115
19 years$4,555$3,727$3,028$2,445$1,964$949
20 years$4,282$3,463$2,779$2,214$1,754$808
21 years$4,036$3,226$2,556$2,010$1,570$690
22 years$3,811$3,011$2,356$1,827$1,407$589
23 years$3,607$2,816$2,175$1,664$1,263$503
24 years$3,420$2,639$2,012$1,518$1,135$431
25 years$3,248$2,476$1,863$1,386$1,022$368
26 years$3,090$2,327$1,728$1,267$920$316
27 years$2,944$2,190$1,605$1,160$830$270
28 years$2,808$2,064$1,492$1,063$749$232
29 years$2,682$1,947$1,388$975$676$199
30 years$2,565$1,839$1,293$895$611$170
31 years$2,455$1,738$1,205$822$552$146
32 years$2,353$1,645$1,125$755$500$125
33 years$2,256$1,558$1,050$694$452$108
34 years$2,166$1,476$981$639$409$92
35 years$2,081$1,400$917$588$371$79
36 years$2,001$1,329$858$542$336$68
37 years$1,926$1,262$803$499$304$58
38 years$1,854$1,200$752$460$276$50
39 years$1,787$1,141$705$424$250$43
40 years$1,723$1,085$660$391$227$37
41 years$1,662$1,033$619$361$206$32
42 years$1,604$984$581$333$187$27
43 years$1,549$937$545$307$170$23
44 years$1,497$894$512$284$154$20
45 years$1,447$852$480$262$140$17
46 years$1,400$813$451$242$127$15
47 years$1,355$776$424$224$115$13
48 years$1,311$740$398$207$105$11
49 years$1,270$707$374$191$95$9
50 years$1,230$675$352$177$86$8

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 $2,288 every year, while hoping to spend $36,101 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: 59/22/19 Blend
66$1,260,000$1,260,000$1,260,000$1,260,000
67$1,390,880$1,324,100$1,304,570$1,465,888
68$1,494,339$1,350,570$1,309,862$1,543,455
69$1,607,140$1,377,127$1,314,121$1,623,855
70$1,730,199$1,403,737$1,317,275$1,710,722
71$1,864,523$1,430,363$1,319,247$1,804,688
72$2,011,220$1,456,966$1,319,957$1,906,449
73$2,171,510$1,483,503$1,319,322$2,016,772
74$2,346,737$1,509,928$1,317,252$2,136,502
75$2,538,379$1,536,190$1,313,655$2,266,571
76$2,748,066$1,562,235$1,308,435$2,408,007
77$2,977,590$1,588,006$1,301,489$2,561,943
78$3,228,926$1,613,440$1,292,710$2,729,626
79$3,504,249$1,638,471$1,281,988$2,912,434
80$3,805,952$1,663,026$1,269,205$3,111,884
81$4,136,674$1,687,029$1,254,238$3,329,648
82$4,499,318$1,710,397$1,236,959$3,567,572
83$4,897,085$1,733,042$1,217,233$3,827,689
84$5,333,496$1,754,871$1,194,919$4,112,241
85$5,812,435$1,775,781$1,169,871$4,423,698
86$6,338,175$1,795,667$1,141,934$4,764,785
87$6,915,427$1,814,412$1,110,946$5,138,507
88$7,549,376$1,831,894$1,076,739$5,548,175
89$8,245,739$1,847,983$1,039,136$5,997,439
90$9,010,810$1,862,540$997,953$6,490,325
91$9,851,525$1,875,417$952,996$7,031,270
92$10,775,523$1,886,455$904,064$7,625,165
93$11,791,222$1,895,487$850,946$8,277,403
94$12,907,895$1,902,334$793,421$8,993,929
95$14,135,759$1,906,807$731,259$9,781,297
96$15,486,070$1,908,704$664,220$10,646,731
97$16,971,229$1,907,810$592,051$11,598,197
98$18,604,899$1,903,898$514,490$12,644,474
99$20,402,137$1,896,726$431,263$13,795,241
100$22,379,528$1,886,039$342,083$15,061,167