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

Use the below retirement simulation to view the chances of a successful retirement.
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%12%
1 years$105,701$104,760$103,841$102,944$102,069$101,214
2 years$52,327$51,353$50,408$49,493$48,604$47,742
3 years$34,538$33,560$32,618$31,710$30,837$29,995
4 years$25,646$24,670$23,737$22,846$21,993$21,177
5 years$20,311$19,341$18,421$17,548$16,719$15,932
6 years$16,756$15,794$14,887$14,033$13,229$12,472
7 years$14,218$13,264$12,371$11,537$10,759$10,032
8 years$12,315$11,369$10,492$9,678$8,925$8,229
9 years$10,836$9,899$9,036$8,244$7,516$6,850
10 years$9,653$8,726$7,878$7,106$6,404$5,768
11 years$8,686$7,768$6,936$6,185$5,508$4,900
12 years$7,881$6,972$6,155$5,425$4,773$4,194
13 years$7,200$6,301$5,499$4,789$4,162$3,611
14 years$6,617$5,727$4,941$4,251$3,649$3,125
15 years$6,112$5,232$4,461$3,791$3,212$2,715
16 years$5,671$4,800$4,045$3,395$2,839$2,367
17 years$5,282$4,421$3,681$3,050$2,517$2,071
18 years$4,936$4,085$3,360$2,749$2,238$1,816
19 years$4,628$3,786$3,076$2,484$1,995$1,595
20 years$4,350$3,518$2,823$2,250$1,782$1,405
21 years$4,100$3,277$2,596$2,042$1,595$1,239
22 years$3,872$3,059$2,393$1,856$1,429$1,094
23 years$3,664$2,861$2,210$1,691$1,283$968
24 years$3,475$2,680$2,043$1,542$1,153$857
25 years$3,300$2,515$1,893$1,408$1,038$759
26 years$3,139$2,364$1,755$1,288$935$673
27 years$2,991$2,225$1,630$1,179$843$598
28 years$2,853$2,097$1,515$1,080$761$531
29 years$2,725$1,978$1,410$990$687$472
30 years$2,606$1,868$1,313$909$621$419
31 years$2,494$1,766$1,225$835$561$373
32 years$2,390$1,671$1,142$767$507$332
33 years$2,292$1,582$1,067$705$459$296
34 years$2,201$1,500$997$649$416$263
35 years$2,114$1,422$932$597$377$234
36 years$2,033$1,350$872$550$341$209
37 years$1,956$1,282$816$507$309$186
38 years$1,884$1,219$764$467$280$166
39 years$1,815$1,159$716$431$254$148
40 years$1,750$1,102$671$397$231$132
41 years$1,688$1,049$629$367$209$118
42 years$1,630$999$590$338$190$105
43 years$1,574$952$554$312$172$94
44 years$1,521$908$520$288$156$84
45 years$1,470$866$488$266$142$75
46 years$1,422$826$458$246$129$66
47 years$1,376$788$431$227$117$59
48 years$1,332$752$405$210$106$53
49 years$1,290$718$380$194$97$47
50 years$1,250$686$358$179$88$42

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 $5,723 every year, while hoping to spend $42,580 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: 29/41/30 Blend
66$1,280,000$1,280,000$1,280,000$1,280,000
67$1,416,463$1,348,623$1,328,783$1,444,339
68$1,515,638$1,369,401$1,327,993$1,487,783
69$1,623,501$1,389,770$1,325,749$1,530,404
70$1,740,894$1,409,665$1,321,957$1,575,389
71$1,868,743$1,429,016$1,316,520$1,622,975
72$2,008,066$1,447,749$1,309,335$1,673,422
73$2,159,985$1,465,784$1,300,294$1,727,023
74$2,325,732$1,483,037$1,289,283$1,784,098
75$2,506,667$1,499,416$1,276,184$1,845,007
76$2,704,285$1,514,825$1,260,874$1,910,148
77$2,920,230$1,529,159$1,243,221$1,979,961
78$3,156,315$1,542,310$1,223,091$2,054,936
79$3,414,535$1,554,159$1,200,340$2,135,616
80$3,697,085$1,564,581$1,174,819$2,222,603
81$4,006,386$1,573,443$1,146,374$2,316,565
82$4,345,099$1,580,604$1,114,839$2,418,241
83$4,716,158$1,585,912$1,080,045$2,528,451
84$5,122,793$1,589,208$1,041,813$2,648,103
85$5,568,560$1,590,322$999,956$2,778,202
86$6,057,378$1,589,072$954,279$2,919,864
87$6,593,561$1,585,268$904,578$3,074,320
88$7,181,862$1,578,704$850,640$3,242,936
89$7,827,516$1,569,164$792,241$3,427,223
90$8,536,290$1,556,421$729,148$3,628,854
91$9,314,536$1,540,229$661,118$3,849,677
92$10,169,250$1,520,332$587,897$4,091,741
93$11,108,140$1,496,455$509,218$4,357,308
94$12,139,699$1,468,310$424,806$4,648,881
95$13,273,281$1,435,589$334,369$4,969,229
96$14,519,190$1,397,968$237,605$5,321,412
97$15,888,782$1,355,103$134,199$5,708,812
98$17,394,564$1,306,629$23,821$6,135,169
99$19,050,317$1,252,161$0$6,604,613
100$20,871,224$1,191,292$0$7,151,792