Can I retire at age 67 with 1,340,000?

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 $1,340,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$110,656$109,670$108,709$107,770$106,853$106,047
2 years$54,780$53,760$52,771$51,813$50,883$50,069
3 years$36,157$35,133$34,146$33,197$32,282$31,487
4 years$26,848$25,826$24,850$23,916$23,024$22,254
5 years$21,263$20,248$19,285$18,370$17,502$16,759
6 years$17,542$16,534$15,585$14,691$13,849$13,134
7 years$14,885$13,885$12,951$12,078$11,263$10,576
8 years$12,893$11,902$10,983$10,132$9,344$8,685
9 years$11,344$10,363$9,460$8,630$7,869$7,238
10 years$10,106$9,135$8,248$7,439$6,705$6,102
11 years$9,093$8,132$7,261$6,474$5,766$5,191
12 years$8,250$7,299$6,444$5,679$4,997$4,448
13 years$7,538$6,596$5,757$5,014$4,357$3,835
14 years$6,927$5,996$5,173$4,451$3,820$3,322
15 years$6,399$5,477$4,670$3,969$3,363$2,891
16 years$5,937$5,025$4,234$3,554$2,972$2,524
17 years$5,529$4,628$3,853$3,193$2,635$2,211
18 years$5,168$4,276$3,517$2,878$2,343$1,941
19 years$4,845$3,963$3,220$2,600$2,089$1,708
20 years$4,554$3,683$2,955$2,355$1,866$1,506
21 years$4,292$3,430$2,718$2,137$1,670$1,330
22 years$4,053$3,202$2,505$1,943$1,496$1,177
23 years$3,836$2,995$2,313$1,770$1,343$1,042
24 years$3,637$2,806$2,139$1,614$1,207$924
25 years$3,455$2,633$1,981$1,474$1,086$820
26 years$3,286$2,475$1,838$1,348$979$729
27 years$3,131$2,329$1,706$1,234$882$648
28 years$2,987$2,195$1,586$1,130$796$576
29 years$2,853$2,071$1,476$1,037$719$513
30 years$2,728$1,955$1,375$951$650$457
31 years$2,611$1,849$1,282$874$587$407
32 years$2,502$1,749$1,196$803$531$363
33 years$2,400$1,656$1,117$738$481$324
34 years$2,304$1,570$1,043$679$435$289
35 years$2,213$1,489$976$625$394$257
36 years$2,128$1,413$913$576$357$230
37 years$2,048$1,342$854$531$324$205
38 years$1,972$1,276$800$489$294$183
39 years$1,900$1,213$749$451$266$164
40 years$1,832$1,154$702$416$241$146
41 years$1,767$1,099$659$384$219$131
42 years$1,706$1,046$618$354$199$117
43 years$1,648$997$580$327$180$104
44 years$1,592$950$544$302$164$93
45 years$1,539$906$511$279$149$83
46 years$1,489$864$480$258$135$74
47 years$1,441$825$451$238$123$67
48 years$1,394$788$424$220$111$59
49 years$1,350$752$398$203$101$53
50 years$1,308$718$374$188$92$48

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,340,000, adding $6,745 every year, while hoping to spend $54,246 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: 35/40/25 Blend
66$1,340,000$1,340,000$1,340,000$1,340,000
67$1,483,637$1,412,617$1,391,847$1,524,149
68$1,577,251$1,424,118$1,380,757$1,566,334
69$1,678,595$1,434,365$1,367,477$1,606,406
70$1,788,401$1,443,238$1,351,877$1,648,570
71$1,907,473$1,450,611$1,333,819$1,693,048
72$2,036,695$1,456,351$1,313,162$1,740,087
73$2,177,039$1,460,313$1,289,754$1,789,963
74$2,329,575$1,462,346$1,263,439$1,842,985
75$2,495,480$1,462,290$1,234,052$1,899,498
76$2,676,048$1,459,971$1,201,422$1,959,883
77$2,872,704$1,455,209$1,165,369$2,024,568
78$3,087,015$1,447,810$1,125,704$2,094,028
79$3,320,707$1,437,569$1,082,232$2,168,792
80$3,575,679$1,424,269$1,034,746$2,249,447
81$3,854,019$1,407,680$983,031$2,336,648
82$4,158,030$1,387,556$926,863$2,431,122
83$4,490,243$1,363,640$866,007$2,533,677
84$4,853,446$1,335,658$800,217$2,645,209
85$5,250,710$1,303,317$729,237$2,766,714
86$5,685,415$1,266,312$652,799$2,899,299
87$6,161,282$1,224,316$570,622$3,044,189
88$6,682,410$1,176,985$482,416$3,202,747
89$7,253,313$1,123,954$387,873$3,376,480
90$7,878,960$1,064,838$286,677$3,567,062
91$8,564,827$999,228$178,493$3,776,348
92$9,316,942$926,692$62,975$4,006,392
93$10,141,945$846,775$0$4,259,471
94$11,047,151$758,995$0$4,554,191
95$12,040,616$662,841$0$4,896,231
96$13,131,214$557,775$0$5,271,972
97$14,328,720$443,228$0$5,684,942
98$15,643,903$318,600$0$6,139,044
99$17,088,624$183,255$0$6,638,585
100$18,675,952$36,522$0$7,188,322