Can I retire at age 67 with 1,350,000?

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 $1,350,000?

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%
1 years$111,482$110,489$109,520$108,574$107,651$106,262
2 years$55,189$54,161$53,165$52,199$51,262$49,865
3 years$36,427$35,395$34,401$33,445$32,523$31,160
4 years$27,048$26,019$25,035$24,095$23,196$21,879
5 years$21,422$20,399$19,428$18,507$17,633$16,365
6 years$17,673$16,657$15,701$14,800$13,952$12,735
7 years$14,996$13,989$13,048$12,168$11,347$10,181
8 years$12,989$11,991$11,065$10,208$9,413$8,299
9 years$11,429$10,440$9,531$8,695$7,927$6,864
10 years$10,181$9,203$8,309$7,495$6,755$5,741
11 years$9,161$8,193$7,315$6,523$5,809$4,845
12 years$8,312$7,353$6,492$5,721$5,034$4,117
13 years$7,594$6,645$5,800$5,051$4,390$3,520
14 years$6,979$6,040$5,211$4,484$3,848$3,024
15 years$6,446$5,518$4,705$3,999$3,388$2,608
16 years$5,981$5,063$4,266$3,580$2,994$2,257
17 years$5,571$4,662$3,882$3,217$2,655$1,959
18 years$5,206$4,308$3,544$2,899$2,361$1,704
19 years$4,881$3,993$3,244$2,620$2,104$1,486
20 years$4,588$3,710$2,977$2,373$1,880$1,297
21 years$4,324$3,456$2,738$2,153$1,682$1,135
22 years$4,084$3,226$2,524$1,958$1,508$994
23 years$3,865$3,017$2,330$1,783$1,353$872
24 years$3,665$2,827$2,155$1,626$1,216$765
25 years$3,481$2,653$1,996$1,485$1,095$672
26 years$3,311$2,493$1,851$1,358$986$591
27 years$3,154$2,347$1,719$1,243$889$520
28 years$3,009$2,211$1,598$1,139$802$458
29 years$2,874$2,086$1,487$1,044$724$403
30 years$2,748$1,970$1,385$958$654$355
31 years$2,631$1,862$1,291$880$592$313
32 years$2,521$1,762$1,205$809$535$276
33 years$2,418$1,669$1,125$744$484$244
34 years$2,321$1,582$1,051$684$439$215
35 years$2,230$1,500$983$630$397$190
36 years$2,144$1,424$919$580$360$168
37 years$2,063$1,352$861$535$326$148
38 years$1,987$1,285$806$493$296$131
39 years$1,914$1,222$755$454$268$115
40 years$1,846$1,163$708$419$243$102
41 years$1,781$1,107$664$387$221$90
42 years$1,719$1,054$622$357$200$80
43 years$1,660$1,004$584$329$182$70
44 years$1,604$957$548$304$165$62
45 years$1,551$913$515$281$150$55
46 years$1,500$871$484$259$136$49
47 years$1,451$831$454$240$123$43
48 years$1,405$793$427$222$112$38
49 years$1,361$758$401$205$102$33
50 years$1,318$724$377$189$92$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,350,000, adding $3,441 every year, while hoping to spend $26,693 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: 54/34/12 Blend
66$1,350,000$1,350,000$1,350,000$1,350,000
67$1,491,249$1,419,699$1,398,774$1,566,970
68$1,614,956$1,460,864$1,417,232$1,659,976
69$1,750,385$1,503,150$1,435,414$1,757,972
70$1,898,706$1,546,586$1,453,281$1,864,013
71$2,061,204$1,591,198$1,470,796$1,978,867
72$2,239,294$1,637,014$1,487,915$2,103,384
73$2,434,537$1,684,063$1,504,595$2,238,495
74$2,648,650$1,732,372$1,520,789$2,385,226
75$2,883,525$1,781,971$1,536,448$2,544,709
76$3,141,245$1,832,888$1,551,520$2,718,187
77$3,424,107$1,885,154$1,565,951$2,907,030
78$3,734,637$1,938,799$1,579,682$3,112,746
79$4,075,622$1,993,852$1,592,653$3,336,995
80$4,450,129$2,050,344$1,604,800$3,581,607
81$4,861,537$2,108,306$1,616,056$3,848,595
82$5,313,571$2,167,770$1,626,351$4,140,178
83$5,810,330$2,228,766$1,635,609$4,458,797
84$6,356,335$2,291,326$1,643,753$4,807,144
85$6,956,562$2,355,482$1,650,700$5,188,183
86$7,616,497$2,421,267$1,656,364$5,605,177
87$8,342,182$2,488,711$1,660,654$6,061,723
88$9,140,274$2,557,847$1,663,476$6,561,781
89$10,018,108$2,628,708$1,664,728$7,109,717
90$10,983,765$2,701,325$1,664,306$7,710,338
91$12,046,149$2,775,729$1,662,101$8,368,939
92$13,215,071$2,851,954$1,657,995$9,091,356
93$14,501,339$2,930,031$1,651,869$9,884,019
94$15,916,864$3,009,991$1,643,595$10,754,009
95$17,474,769$3,091,866$1,633,040$11,709,131
96$19,189,513$3,175,685$1,620,065$12,757,983
97$21,077,030$3,261,479$1,604,523$13,910,040
98$23,154,873$3,349,278$1,586,261$15,175,739
99$25,442,389$3,439,111$1,565,119$16,566,584
100$27,960,891$3,531,006$1,540,929$18,095,246