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%13.8%
1 years$104,875$103,941$103,030$102,140$101,272$99,676
2 years$51,919$50,952$50,014$49,106$48,225$46,621
3 years$34,269$33,297$32,363$31,463$30,596$29,034
4 years$25,445$24,477$23,552$22,667$21,821$20,314
5 years$20,153$19,190$18,277$17,410$16,588$15,139
6 years$16,625$15,670$14,771$13,923$13,126$11,737
7 years$14,107$13,160$12,274$11,447$10,675$9,347
8 years$12,219$11,281$10,410$9,603$8,856$7,588
9 years$10,751$9,822$8,966$8,179$7,458$6,250
10 years$9,578$8,657$7,817$7,051$6,354$5,205
11 years$8,618$7,707$6,882$6,136$5,465$4,373
12 years$7,819$6,918$6,107$5,382$4,736$3,700
13 years$7,144$6,251$5,456$4,752$4,130$3,149
14 years$6,565$5,682$4,903$4,218$3,620$2,692
15 years$6,064$5,191$4,426$3,762$3,187$2,311
16 years$5,627$4,763$4,013$3,368$2,817$1,990
17 years$5,241$4,386$3,652$3,026$2,498$1,719
18 years$4,898$4,053$3,334$2,727$2,221$1,488
19 years$4,592$3,756$3,052$2,464$1,980$1,290
20 years$4,316$3,491$2,801$2,232$1,768$1,121
21 years$4,068$3,251$2,576$2,026$1,582$976
22 years$3,842$3,035$2,374$1,842$1,418$850
23 years$3,636$2,839$2,192$1,677$1,273$741
24 years$3,447$2,660$2,028$1,530$1,144$647
25 years$3,274$2,496$1,878$1,397$1,030$565
26 years$3,115$2,346$1,742$1,277$928$494
27 years$2,967$2,208$1,617$1,169$836$433
28 years$2,831$2,080$1,503$1,071$755$379
29 years$2,704$1,962$1,399$982$681$332
30 years$2,585$1,853$1,303$902$616$291
31 years$2,475$1,752$1,215$828$557$255
32 years$2,371$1,658$1,134$761$503$223
33 years$2,274$1,570$1,058$700$456$196
34 years$2,183$1,488$989$644$413$172
35 years$2,098$1,411$925$593$374$151
36 years$2,017$1,339$865$546$339$132
37 years$1,941$1,272$810$503$307$116
38 years$1,869$1,209$758$464$278$102
39 years$1,801$1,150$710$427$252$89
40 years$1,736$1,094$666$394$229$79
41 years$1,675$1,041$624$364$208$69
42 years$1,617$992$586$336$188$61
43 years$1,562$945$549$310$171$53
44 years$1,509$901$516$286$155$47
45 years$1,459$859$484$264$141$41
46 years$1,411$819$455$244$128$36
47 years$1,365$782$427$226$116$32
48 years$1,322$746$402$208$105$28
49 years$1,280$713$377$193$96$24
50 years$1,240$681$355$178$87$21

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 $5,266 every year, while hoping to spend $42,766 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: 27/45/28 Blend
66$1,270,000$1,270,000$1,270,000$1,270,000
67$1,404,972$1,337,662$1,317,977$1,430,554
68$1,502,776$1,357,705$1,316,626$1,471,729
69$1,609,123$1,377,296$1,313,797$1,511,886
70$1,724,840$1,396,369$1,309,395$1,554,133
71$1,850,834$1,414,852$1,303,320$1,598,677
72$1,988,106$1,432,667$1,295,469$1,645,752
73$2,137,757$1,449,732$1,285,732$1,695,613
74$2,301,000$1,465,960$1,273,995$1,748,546
75$2,479,166$1,481,256$1,260,138$1,804,871
76$2,673,725$1,495,521$1,244,036$1,864,939
77$2,886,291$1,508,649$1,225,558$1,929,144
78$3,118,645$1,520,524$1,204,566$1,997,921
79$3,372,744$1,531,027$1,180,916$2,071,755
80$3,650,745$1,540,029$1,154,458$2,151,183
81$3,955,022$1,547,392$1,125,034$2,236,801
82$4,288,191$1,552,970$1,092,479$2,329,272
83$4,653,130$1,556,610$1,056,621$2,429,327
84$5,053,011$1,558,145$1,017,279$2,537,783
85$5,491,325$1,557,401$974,265$2,655,539
86$5,971,919$1,554,192$927,382$2,783,596
87$6,499,028$1,548,322$876,423$2,923,062
88$7,077,319$1,539,579$821,173$3,075,164
89$7,711,931$1,527,744$761,407$3,241,262
90$8,408,523$1,512,579$696,890$3,422,859
91$9,173,332$1,493,835$627,375$3,621,624
92$10,013,227$1,471,247$552,607$3,839,400
93$10,935,774$1,444,536$472,317$4,078,229
94$11,949,308$1,413,404$386,225$4,340,370
95$13,063,012$1,377,535$294,038$4,628,322
96$14,287,003$1,336,598$195,452$4,944,850
97$15,632,425$1,290,239$90,147$5,293,012
98$17,111,556$1,238,085$0$5,676,188
99$18,737,925$1,179,741$0$6,104,758
100$20,526,435$1,114,790$0$6,605,387