Can I retire at age 67 with 1,320,000?

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 $1,320,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$109,004$108,033$107,086$106,161$105,259$103,049
2 years$53,963$52,958$51,984$51,039$50,123$47,908
3 years$35,618$34,608$33,637$32,701$31,800$29,648
4 years$26,447$25,441$24,479$23,559$22,680$20,607
5 years$20,946$19,946$18,997$18,096$17,241$15,254
6 years$17,280$16,287$15,352$14,471$13,642$11,742
7 years$14,662$13,678$12,758$11,898$11,095$9,283
8 years$12,700$11,725$10,820$9,981$9,204$7,480
9 years$11,175$10,208$9,319$8,501$7,751$6,113
10 years$9,955$8,998$8,124$7,328$6,604$5,051
11 years$8,958$8,011$7,153$6,378$5,680$4,209
12 years$8,127$7,190$6,348$5,594$4,922$3,531
13 years$7,425$6,498$5,671$4,939$4,292$2,979
14 years$6,824$5,906$5,096$4,384$3,763$2,525
15 years$6,303$5,395$4,601$3,910$3,313$2,148
16 years$5,848$4,950$4,171$3,501$2,928$1,833
17 years$5,447$4,559$3,796$3,146$2,596$1,568
18 years$5,091$4,213$3,465$2,835$2,308$1,345
19 years$4,772$3,904$3,172$2,561$2,057$1,155
20 years$4,486$3,628$2,911$2,320$1,838$994
21 years$4,228$3,379$2,678$2,105$1,645$856
22 years$3,993$3,154$2,468$1,914$1,474$739
23 years$3,779$2,950$2,279$1,743$1,323$638
24 years$3,583$2,764$2,107$1,590$1,189$551
25 years$3,403$2,594$1,952$1,452$1,070$477
26 years$3,237$2,438$1,810$1,328$964$413
27 years$3,084$2,294$1,681$1,215$869$357
28 years$2,942$2,162$1,563$1,114$784$309
29 years$2,810$2,040$1,454$1,021$708$268
30 years$2,687$1,926$1,355$937$640$232
31 years$2,572$1,821$1,263$861$579$201
32 years$2,465$1,723$1,178$791$523$175
33 years$2,364$1,632$1,100$727$474$152
34 years$2,269$1,546$1,028$669$429$132
35 years$2,180$1,467$961$616$388$114
36 years$2,096$1,392$899$567$352$99
37 years$2,017$1,322$841$523$319$86
38 years$1,943$1,257$788$482$289$75
39 years$1,872$1,195$738$444$262$65
40 years$1,805$1,137$692$410$238$56
41 years$1,741$1,082$649$378$216$49
42 years$1,681$1,031$609$349$196$42
43 years$1,623$982$571$322$178$37
44 years$1,568$936$536$297$161$32
45 years$1,516$893$503$275$146$28
46 years$1,466$852$473$254$133$24
47 years$1,419$813$444$234$121$21
48 years$1,374$776$417$217$110$18
49 years$1,330$741$392$200$100$16
50 years$1,289$708$369$185$90$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,320,000, adding $6,100 every year, while hoping to spend $31,244 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: 51/44/5 Blend
66$1,320,000$1,320,000$1,320,000$1,320,000
67$1,460,932$1,390,972$1,370,512$1,533,438
68$1,576,704$1,425,886$1,383,181$1,618,249
69$1,703,237$1,461,464$1,395,227$1,706,486
70$1,841,597$1,497,705$1,406,596$1,801,643
71$1,992,955$1,534,608$1,417,232$1,904,375
72$2,158,602$1,572,170$1,427,076$2,015,404
73$2,339,960$1,610,386$1,436,063$2,135,524
74$2,538,593$1,649,253$1,444,129$2,265,608
75$2,756,226$1,688,763$1,451,203$2,406,618
76$2,994,756$1,728,907$1,457,214$2,559,615
77$3,256,274$1,769,677$1,462,083$2,725,764
78$3,543,083$1,811,060$1,465,732$2,906,349
79$3,857,718$1,853,042$1,468,075$3,102,787
80$4,202,973$1,895,609$1,469,023$3,316,634
81$4,581,925$1,938,743$1,468,484$3,549,608
82$4,997,963$1,982,423$1,466,360$3,803,598
83$5,454,820$2,026,626$1,462,548$4,080,688
84$5,956,609$2,071,328$1,456,941$4,383,172
85$6,507,861$2,116,501$1,449,426$4,713,578
86$7,113,566$2,162,113$1,439,885$5,074,689
87$7,779,223$2,208,130$1,428,194$5,469,575
88$8,510,890$2,254,514$1,414,224$5,901,615
89$9,315,239$2,301,223$1,397,839$6,374,535
90$10,199,623$2,348,213$1,378,897$6,892,437
91$11,172,143$2,395,434$1,357,248$7,459,845
92$12,241,722$2,442,831$1,332,737$8,081,741
93$13,418,195$2,490,347$1,305,201$8,763,617
94$14,712,394$2,537,917$1,274,468$9,511,522
95$16,136,256$2,585,472$1,240,360$10,332,124
96$17,702,932$2,632,939$1,202,691$11,232,772
97$19,426,914$2,680,236$1,161,264$12,221,562
98$21,324,168$2,727,276$1,115,875$13,307,417
99$23,412,287$2,773,966$1,066,310$14,500,170
100$25,710,655$2,820,206$1,012,347$15,810,659