Can I retire at age 67 with 1,330,000?

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 $1,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$109,830$108,852$107,897$106,966$106,056$104,731
2 years$54,371$53,359$52,377$51,426$50,503$49,169
3 years$35,888$34,871$33,892$32,949$32,041$30,741
4 years$26,647$25,634$24,664$23,738$22,852$21,595
5 years$21,105$20,097$19,141$18,233$17,372$16,161
6 years$17,411$16,411$15,468$14,581$13,746$12,584
7 years$14,773$13,782$12,854$11,988$11,179$10,066
8 years$12,796$11,813$10,902$10,056$9,274$8,210
9 years$11,259$10,286$9,389$8,566$7,810$6,794
10 years$10,030$9,066$8,186$7,384$6,655$5,686
11 years$9,026$8,071$7,207$6,426$5,723$4,801
12 years$8,189$7,244$6,396$5,637$4,960$4,083
13 years$7,481$6,547$5,714$4,976$4,325$3,493
14 years$6,876$5,951$5,134$4,417$3,791$3,002
15 years$6,351$5,436$4,636$3,939$3,338$2,591
16 years$5,892$4,988$4,203$3,527$2,950$2,244
17 years$5,488$4,593$3,824$3,169$2,616$1,949
18 years$5,129$4,244$3,491$2,856$2,326$1,697
19 years$4,809$3,934$3,196$2,581$2,073$1,480
20 years$4,520$3,655$2,933$2,337$1,852$1,294
21 years$4,260$3,405$2,698$2,121$1,657$1,133
22 years$4,023$3,178$2,487$1,929$1,485$993
23 years$3,808$2,973$2,296$1,757$1,333$871
24 years$3,610$2,785$2,123$1,602$1,198$765
25 years$3,429$2,614$1,967$1,463$1,078$673
26 years$3,262$2,457$1,824$1,338$971$592
27 years$3,107$2,312$1,694$1,225$876$521
28 years$2,964$2,178$1,574$1,122$790$459
29 years$2,831$2,055$1,465$1,029$714$405
30 years$2,707$1,941$1,365$944$645$357
31 years$2,592$1,835$1,272$867$583$315
32 years$2,483$1,736$1,187$797$527$278
33 years$2,382$1,644$1,108$733$477$246
34 years$2,287$1,558$1,036$674$432$217
35 years$2,197$1,478$968$621$391$192
36 years$2,112$1,403$906$572$355$169
37 years$2,033$1,332$848$527$321$150
38 years$1,957$1,266$794$486$291$132
39 years$1,886$1,204$744$448$264$117
40 years$1,818$1,146$697$413$240$103
41 years$1,754$1,090$654$381$217$91
42 years$1,693$1,038$613$352$197$81
43 years$1,635$989$575$325$179$71
44 years$1,580$943$540$300$163$63
45 years$1,528$899$507$277$148$56
46 years$1,478$858$476$256$134$49
47 years$1,430$819$448$236$122$44
48 years$1,384$782$421$218$110$39
49 years$1,340$746$395$202$100$34
50 years$1,299$713$372$186$91$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,330,000, adding $4,249 every year, while hoping to spend $40,721 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: 55/37/8 Blend
66$1,330,000$1,330,000$1,330,000$1,330,000
67$1,470,043$1,399,553$1,378,938$1,547,875
68$1,576,660$1,424,804$1,381,805$1,626,203
69$1,692,788$1,449,928$1,383,404$1,706,576
70$1,819,353$1,474,875$1,383,649$1,793,099
71$1,957,376$1,499,592$1,382,450$1,886,360
72$2,107,978$1,524,023$1,379,712$1,987,012
73$2,272,398$1,548,106$1,375,338$2,095,771
74$2,451,994$1,571,774$1,369,224$2,213,428
75$2,648,265$1,594,959$1,361,261$2,340,855
76$2,862,861$1,617,584$1,351,335$2,479,012
77$3,097,596$1,639,569$1,339,328$2,628,959
78$3,354,469$1,660,827$1,325,114$2,791,865
79$3,635,683$1,681,265$1,308,563$2,969,016
80$3,943,660$1,700,785$1,289,538$3,161,832
81$4,281,072$1,719,282$1,267,896$3,371,879
82$4,650,856$1,736,642$1,243,485$3,600,882
83$5,056,252$1,752,746$1,216,151$3,850,745
84$5,500,825$1,767,466$1,185,727$4,123,566
85$5,988,503$1,780,665$1,152,043$4,421,658
86$6,523,612$1,792,199$1,114,917$4,747,572
87$7,110,916$1,801,913$1,074,163$5,104,122
88$7,755,666$1,809,643$1,029,584$5,494,408
89$8,463,642$1,815,213$980,973$5,921,850
90$9,241,214$1,818,439$928,116$6,390,220
91$10,095,398$1,819,123$870,788$6,903,674
92$11,033,923$1,817,055$808,754$7,466,797
93$12,065,305$1,812,013$741,770$8,084,643
94$13,198,925$1,803,760$669,578$8,762,786
95$14,445,117$1,792,046$591,910$9,507,370
96$15,815,268$1,776,605$508,488$10,325,170
97$17,321,922$1,757,155$419,019$11,223,657
98$18,978,899$1,733,397$323,197$12,211,065
99$20,801,428$1,705,014$220,705$13,296,476
100$22,806,285$1,671,671$111,210$14,489,900