Can I retire at age 67 with 1,290,000?

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 $1,290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$106,527$105,578$104,652$103,749$102,866$98,902
2 years$52,736$51,754$50,802$49,879$48,984$45,037
3 years$34,808$33,822$32,872$31,958$31,077$27,273
4 years$25,846$24,863$23,923$23,024$22,165$18,531
5 years$20,470$19,493$18,565$17,685$16,849$13,395
6 years$16,887$15,917$15,003$14,143$13,332$10,061
7 years$14,329$13,367$12,468$11,627$10,843$7,753
8 years$12,411$11,458$10,574$9,754$8,995$6,083
9 years$10,921$9,976$9,107$8,308$7,575$4,838
10 years$9,729$8,794$7,940$7,162$6,454$3,886
11 years$8,754$7,829$6,990$6,233$5,551$3,146
12 years$7,943$7,026$6,203$5,467$4,810$2,562
13 years$7,256$6,350$5,542$4,827$4,195$2,097
14 years$6,669$5,772$4,980$4,284$3,677$1,723
15 years$6,160$5,273$4,496$3,821$3,238$1,420
16 years$5,715$4,838$4,076$3,421$2,861$1,173
17 years$5,323$4,455$3,709$3,074$2,537$971
18 years$4,975$4,117$3,386$2,770$2,256$805
19 years$4,664$3,815$3,100$2,503$2,011$669
20 years$4,384$3,545$2,845$2,267$1,796$556
21 years$4,132$3,302$2,617$2,058$1,607$463
22 years$3,902$3,083$2,412$1,871$1,441$385
23 years$3,693$2,883$2,227$1,704$1,293$321
24 years$3,502$2,701$2,059$1,554$1,162$268
25 years$3,326$2,535$1,907$1,419$1,046$223
26 years$3,164$2,383$1,769$1,298$942$186
27 years$3,014$2,242$1,643$1,188$849$156
28 years$2,875$2,113$1,527$1,088$766$130
29 years$2,746$1,993$1,421$998$692$109
30 years$2,626$1,882$1,324$916$625$91
31 years$2,514$1,780$1,234$841$565$76
32 years$2,409$1,684$1,151$773$511$63
33 years$2,310$1,595$1,075$711$463$53
34 years$2,218$1,511$1,004$654$419$44
35 years$2,131$1,433$939$602$380$37
36 years$2,049$1,361$879$555$344$31
37 years$1,971$1,292$822$511$312$26
38 years$1,898$1,228$770$471$283$22
39 years$1,829$1,168$721$434$256$18
40 years$1,764$1,111$676$400$232$15
41 years$1,701$1,058$634$370$211$13
42 years$1,642$1,007$595$341$191$11
43 years$1,586$960$558$315$174$9
44 years$1,533$915$524$291$158$7
45 years$1,482$872$492$268$143$6
46 years$1,433$832$462$248$130$5
47 years$1,387$794$434$229$118$4
48 years$1,342$758$408$212$107$4
49 years$1,300$724$383$196$97$3
50 years$1,259$692$360$181$88$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,290,000, adding $3,051 every year, while hoping to spend $51,635 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: 42/48/10 Blend
66$1,290,000$1,290,000$1,290,000$1,290,000
67$1,424,727$1,356,357$1,336,362$1,480,267
68$1,515,110$1,367,879$1,326,191$1,530,900
69$1,612,981$1,378,236$1,313,949$1,580,269
70$1,719,051$1,387,314$1,299,511$1,632,565
71$1,834,098$1,394,996$1,282,748$1,688,078
72$1,958,980$1,401,156$1,263,525$1,747,125
73$2,094,641$1,405,658$1,241,698$1,810,062
74$2,242,119$1,408,359$1,217,119$1,877,282
75$2,402,555$1,409,109$1,189,633$1,949,220
76$2,577,205$1,407,745$1,159,075$2,026,360
77$2,767,452$1,404,096$1,125,276$2,109,238
78$2,974,816$1,397,980$1,088,056$2,198,448
79$3,200,971$1,389,205$1,047,230$2,294,648
80$3,447,760$1,377,566$1,002,603$2,398,569
81$3,717,210$1,362,846$953,969$2,511,018
82$4,011,555$1,344,815$901,116$2,632,892
83$4,333,251$1,323,228$843,821$2,765,181
84$4,685,004$1,297,828$781,850$2,908,985
85$5,069,794$1,268,341$714,962$3,065,519
86$5,490,901$1,234,477$642,900$3,236,129
87$5,951,935$1,195,929$565,400$3,422,306
88$6,456,876$1,152,373$482,184$3,625,698
89$7,010,102$1,103,464$392,963$3,848,131
90$7,616,439$1,048,840$297,433$4,091,621
91$8,281,198$988,115$195,279$4,358,403
92$9,010,230$920,883$86,171$4,650,946
93$9,809,981$846,714$0$4,971,980
94$10,687,549$765,153$0$5,327,755
95$11,650,752$675,719$0$5,728,402
96$12,708,205$577,905$0$6,168,448
97$13,869,393$471,173$0$6,652,012
98$15,144,768$354,958$0$7,183,647
99$16,545,844$228,660$0$7,768,380
100$18,085,303$91,648$0$8,411,762