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%17.4%
1 years$104,875$103,941$103,030$102,140$101,272$98,227
2 years$51,919$50,952$50,014$49,106$48,225$45,182
3 years$34,269$33,297$32,363$31,463$30,596$27,652
4 years$25,445$24,477$23,552$22,667$21,821$18,998
5 years$20,153$19,190$18,277$17,410$16,588$13,893
6 years$16,625$15,670$14,771$13,923$13,126$10,562
7 years$14,107$13,160$12,274$11,447$10,675$8,242
8 years$12,219$11,281$10,410$9,603$8,856$6,552
9 years$10,751$9,822$8,966$8,179$7,458$5,281
10 years$9,578$8,657$7,817$7,051$6,354$4,301
11 years$8,618$7,707$6,882$6,136$5,465$3,532
12 years$7,819$6,918$6,107$5,382$4,736$2,919
13 years$7,144$6,251$5,456$4,752$4,130$2,425
14 years$6,565$5,682$4,903$4,218$3,620$2,023
15 years$6,064$5,191$4,426$3,762$3,187$1,694
16 years$5,627$4,763$4,013$3,368$2,817$1,422
17 years$5,241$4,386$3,652$3,026$2,498$1,196
18 years$4,898$4,053$3,334$2,727$2,221$1,008
19 years$4,592$3,756$3,052$2,464$1,980$852
20 years$4,316$3,491$2,801$2,232$1,768$720
21 years$4,068$3,251$2,576$2,026$1,582$609
22 years$3,842$3,035$2,374$1,842$1,418$516
23 years$3,636$2,839$2,192$1,677$1,273$438
24 years$3,447$2,660$2,028$1,530$1,144$372
25 years$3,274$2,496$1,878$1,397$1,030$316
26 years$3,115$2,346$1,742$1,277$928$268
27 years$2,967$2,208$1,617$1,169$836$228
28 years$2,831$2,080$1,503$1,071$755$194
29 years$2,704$1,962$1,399$982$681$165
30 years$2,585$1,853$1,303$902$616$140
31 years$2,475$1,752$1,215$828$557$119
32 years$2,371$1,658$1,134$761$503$101
33 years$2,274$1,570$1,058$700$456$86
34 years$2,183$1,488$989$644$413$73
35 years$2,098$1,411$925$593$374$63
36 years$2,017$1,339$865$546$339$53
37 years$1,941$1,272$810$503$307$45
38 years$1,869$1,209$758$464$278$39
39 years$1,801$1,150$710$427$252$33
40 years$1,736$1,094$666$394$229$28
41 years$1,675$1,041$624$364$208$24
42 years$1,617$992$586$336$188$20
43 years$1,562$945$549$310$171$17
44 years$1,509$901$516$286$155$15
45 years$1,459$859$484$264$141$13
46 years$1,411$819$455$244$128$11
47 years$1,365$782$427$226$116$9
48 years$1,322$746$402$208$105$8
49 years$1,280$713$377$193$96$7
50 years$1,240$681$355$178$87$6

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 $4,139 every year, while hoping to spend $52,439 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: 74/21/5 Blend
66$1,270,000$1,270,000$1,270,000$1,270,000
67$1,403,809$1,336,499$1,316,814$1,506,869
68$1,491,203$1,346,193$1,305,133$1,584,921
69$1,585,754$1,354,604$1,291,303$1,663,317
70$1,688,136$1,361,615$1,275,196$1,747,678
71$1,799,090$1,367,099$1,256,680$1,838,574
72$1,919,433$1,370,923$1,235,615$1,936,634
73$2,050,062$1,372,944$1,211,854$2,042,550
74$2,191,962$1,373,012$1,185,245$2,157,087
75$2,346,219$1,370,967$1,155,628$2,281,084
76$2,514,027$1,366,638$1,122,835$2,415,471
77$2,696,699$1,359,844$1,086,691$2,561,268
78$2,895,679$1,350,394$1,047,012$2,719,604
79$3,112,559$1,338,084$1,003,608$2,891,720
80$3,349,089$1,322,699$956,278$3,078,987
81$3,607,195$1,304,010$904,812$3,282,914
82$3,888,997$1,281,775$848,991$3,505,165
83$4,196,830$1,255,737$788,588$3,747,577
84$4,533,264$1,225,625$723,362$4,012,172
85$4,901,127$1,191,150$653,065$4,301,183
86$5,303,534$1,152,009$577,435$4,617,067
87$5,743,915$1,107,878$496,200$4,962,539
88$6,226,047$1,058,417$409,075$5,340,587
89$6,754,088$1,003,264$315,764$5,754,508
90$7,332,619$942,037$215,955$6,207,938
91$7,966,682$874,333$109,326$6,704,883
92$8,661,834$799,725$0$7,249,763
93$9,424,191$717,761$0$7,847,688
94$10,260,492$627,965$0$8,510,030
95$11,178,159$529,833$0$9,236,893
96$12,185,368$422,832$0$10,034,826
97$13,291,124$306,399$0$10,911,049
98$14,505,347$179,941$0$11,873,520
99$15,838,964$42,830$0$12,931,013
100$17,304,014$0$0$14,093,200