Can I retire at age 67 with 1,270,000?

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 $1,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$104,875$103,941$103,030$102,140$101,272$100,549
2 years$51,919$50,952$50,014$49,106$48,225$47,496
3 years$34,269$33,297$32,363$31,463$30,596$29,884
4 years$25,445$24,477$23,552$22,667$21,821$21,131
5 years$20,153$19,190$18,277$17,410$16,588$15,922
6 years$16,625$15,670$14,771$13,923$13,126$12,484
7 years$14,107$13,160$12,274$11,447$10,675$10,059
8 years$12,219$11,281$10,410$9,603$8,856$8,265
9 years$10,751$9,822$8,966$8,179$7,458$6,892
10 years$9,578$8,657$7,817$7,051$6,354$5,813
11 years$8,618$7,707$6,882$6,136$5,465$4,948
12 years$7,819$6,918$6,107$5,382$4,736$4,243
13 years$7,144$6,251$5,456$4,752$4,130$3,660
14 years$6,565$5,682$4,903$4,218$3,620$3,174
15 years$6,064$5,191$4,426$3,762$3,187$2,763
16 years$5,627$4,763$4,013$3,368$2,817$2,414
17 years$5,241$4,386$3,652$3,026$2,498$2,116
18 years$4,898$4,053$3,334$2,727$2,221$1,859
19 years$4,592$3,756$3,052$2,464$1,980$1,637
20 years$4,316$3,491$2,801$2,232$1,768$1,445
21 years$4,068$3,251$2,576$2,026$1,582$1,277
22 years$3,842$3,035$2,374$1,842$1,418$1,130
23 years$3,636$2,839$2,192$1,677$1,273$1,002
24 years$3,447$2,660$2,028$1,530$1,144$889
25 years$3,274$2,496$1,878$1,397$1,030$790
26 years$3,115$2,346$1,742$1,277$928$702
27 years$2,967$2,208$1,617$1,169$836$625
28 years$2,831$2,080$1,503$1,071$755$556
29 years$2,704$1,962$1,399$982$681$495
30 years$2,585$1,853$1,303$902$616$442
31 years$2,475$1,752$1,215$828$557$394
32 years$2,371$1,658$1,134$761$503$351
33 years$2,274$1,570$1,058$700$456$313
34 years$2,183$1,488$989$644$413$280
35 years$2,098$1,411$925$593$374$250
36 years$2,017$1,339$865$546$339$223
37 years$1,941$1,272$810$503$307$199
38 years$1,869$1,209$758$464$278$178
39 years$1,801$1,150$710$427$252$159
40 years$1,736$1,094$666$394$229$142
41 years$1,675$1,041$624$364$208$127
42 years$1,617$992$586$336$188$114
43 years$1,562$945$549$310$171$102
44 years$1,509$901$516$286$155$91
45 years$1,459$859$484$264$141$82
46 years$1,411$819$455$244$128$73
47 years$1,365$782$427$226$116$65
48 years$1,322$746$402$208$105$58
49 years$1,280$713$377$193$96$52
50 years$1,240$681$355$178$87$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,270,000, adding $3,436 every year, while hoping to spend $34,899 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: 55/20/25 Blend
66$1,270,000$1,270,000$1,270,000$1,270,000
67$1,403,084$1,335,774$1,316,089$1,470,436
68$1,509,067$1,364,095$1,323,046$1,545,432
69$1,624,689$1,392,634$1,329,066$1,623,141
70$1,750,899$1,421,364$1,334,081$1,707,050
71$1,888,738$1,450,258$1,338,020$1,797,766
72$2,039,353$1,479,284$1,340,807$1,895,959
73$2,204,006$1,508,408$1,342,363$2,002,366
74$2,384,088$1,537,593$1,342,606$2,117,801
75$2,581,129$1,566,800$1,341,447$2,243,160
76$2,796,815$1,595,984$1,338,797$2,379,434
77$3,033,003$1,625,100$1,334,559$2,527,711
78$3,291,735$1,654,095$1,328,632$2,689,196
79$3,575,262$1,682,917$1,320,912$2,865,213
80$3,886,065$1,711,505$1,311,289$3,057,223
81$4,226,872$1,739,798$1,299,645$3,266,840
82$4,600,691$1,767,726$1,285,862$3,495,840
83$5,010,834$1,795,217$1,269,810$3,746,182
84$5,460,949$1,822,192$1,251,359$4,020,027
85$5,955,055$1,848,569$1,230,368$4,319,757
86$6,497,577$1,874,256$1,206,693$4,648,000
87$7,093,393$1,899,157$1,180,180$5,007,649
88$7,747,873$1,923,170$1,150,670$5,401,900
89$8,466,936$1,946,185$1,117,997$5,834,272
90$9,257,100$1,968,084$1,081,986$6,308,647
91$10,125,546$1,988,742$1,042,454$6,829,304
92$11,080,186$2,008,025$999,211$7,400,961
93$12,129,738$2,025,791$952,058$8,028,822
94$13,283,804$2,041,888$900,785$8,718,619
95$14,552,965$2,056,153$845,174$9,476,677
96$15,948,878$2,068,416$784,998$10,309,965
97$17,484,387$2,078,492$720,019$11,226,169
98$19,173,643$2,086,186$649,988$12,233,761
99$21,032,237$2,091,291$574,645$13,342,079
100$23,077,349$2,093,588$493,719$14,561,421