Can I retire at age 67 with 1,280,000?

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 $1,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$105,701$104,760$103,841$102,944$102,069$100,008
2 years$52,327$51,353$50,408$49,493$48,604$46,537
3 years$34,538$33,560$32,618$31,710$30,837$28,827
4 years$25,646$24,670$23,737$22,846$21,993$20,057
5 years$20,311$19,341$18,421$17,548$16,719$14,862
6 years$16,756$15,794$14,887$14,033$13,229$11,453
7 years$14,218$13,264$12,371$11,537$10,759$9,065
8 years$12,315$11,369$10,492$9,678$8,925$7,312
9 years$10,836$9,899$9,036$8,244$7,516$5,983
10 years$9,653$8,726$7,878$7,106$6,404$4,950
11 years$8,686$7,768$6,936$6,185$5,508$4,130
12 years$7,881$6,972$6,155$5,425$4,773$3,470
13 years$7,200$6,301$5,499$4,789$4,162$2,931
14 years$6,617$5,727$4,941$4,251$3,649$2,488
15 years$6,112$5,232$4,461$3,791$3,212$2,119
16 years$5,671$4,800$4,045$3,395$2,839$1,811
17 years$5,282$4,421$3,681$3,050$2,517$1,552
18 years$4,936$4,085$3,360$2,749$2,238$1,332
19 years$4,628$3,786$3,076$2,484$1,995$1,146
20 years$4,350$3,518$2,823$2,250$1,782$988
21 years$4,100$3,277$2,596$2,042$1,595$852
22 years$3,872$3,059$2,393$1,856$1,429$736
23 years$3,664$2,861$2,210$1,691$1,283$637
24 years$3,475$2,680$2,043$1,542$1,153$551
25 years$3,300$2,515$1,893$1,408$1,038$477
26 years$3,139$2,364$1,755$1,288$935$414
27 years$2,991$2,225$1,630$1,179$843$359
28 years$2,853$2,097$1,515$1,080$761$311
29 years$2,725$1,978$1,410$990$687$270
30 years$2,606$1,868$1,313$909$621$235
31 years$2,494$1,766$1,225$835$561$204
32 years$2,390$1,671$1,142$767$507$177
33 years$2,292$1,582$1,067$705$459$154
34 years$2,201$1,500$997$649$416$134
35 years$2,114$1,422$932$597$377$116
36 years$2,033$1,350$872$550$341$101
37 years$1,956$1,282$816$507$309$88
38 years$1,884$1,219$764$467$280$76
39 years$1,815$1,159$716$431$254$66
40 years$1,750$1,102$671$397$231$58
41 years$1,688$1,049$629$367$209$50
42 years$1,630$999$590$338$190$44
43 years$1,574$952$554$312$172$38
44 years$1,521$908$520$288$156$33
45 years$1,470$866$488$266$142$29
46 years$1,422$826$458$246$129$25
47 years$1,376$788$431$227$117$22
48 years$1,332$752$405$210$106$19
49 years$1,290$718$380$194$97$17
50 years$1,250$686$358$179$88$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,280,000, adding $3,247 every year, while hoping to spend $38,237 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: 34/39/27 Blend
66$1,280,000$1,280,000$1,280,000$1,280,000
67$1,413,909$1,346,069$1,326,229$1,450,321
68$1,517,444$1,371,343$1,329,974$1,503,265
69$1,630,258$1,396,573$1,332,563$1,556,659
70$1,753,257$1,421,718$1,333,916$1,613,492
71$1,887,438$1,446,731$1,333,952$1,674,096
72$2,033,900$1,471,564$1,332,582$1,738,837
73$2,193,849$1,496,162$1,329,715$1,808,122
74$2,368,617$1,520,469$1,325,256$1,882,398
75$2,559,668$1,544,424$1,319,103$1,962,161
76$2,768,613$1,567,960$1,311,153$2,047,959
77$2,997,229$1,591,007$1,301,293$2,140,398
78$3,247,469$1,613,489$1,289,409$2,240,146
79$3,521,486$1,635,326$1,275,380$2,347,943
80$3,821,650$1,656,429$1,259,078$2,464,606
81$4,150,572$1,676,708$1,240,370$2,591,039
82$4,511,126$1,696,062$1,219,118$2,728,240
83$4,906,478$1,714,386$1,195,176$2,877,310
84$5,340,115$1,731,567$1,168,390$3,039,468
85$5,815,878$1,747,485$1,138,603$3,216,059
86$6,337,998$1,762,012$1,105,646$3,408,570
87$6,911,134$1,775,011$1,069,346$3,618,642
88$7,540,420$1,786,337$1,029,519$3,848,089
89$8,231,510$1,795,835$985,976$4,098,911
90$8,990,634$1,803,340$938,515$4,373,321
91$9,824,652$1,808,678$886,929$4,673,759
92$10,741,125$1,811,662$831,000$5,002,921
93$11,748,381$1,812,094$770,499$5,363,784
94$12,855,594$1,809,765$705,189$5,759,632
95$14,072,872$1,804,451$634,821$6,194,093
96$15,411,352$1,795,917$559,135$6,671,169
97$16,883,304$1,783,909$477,859$7,195,279
98$18,502,243$1,768,164$390,710$7,771,302
99$20,283,066$1,748,397$297,392$8,404,618
100$22,242,180$1,724,310$197,596$9,101,168