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%12.6%
1 years$111,482$110,489$109,520$108,574$107,651$106,482
2 years$55,189$54,161$53,165$52,199$51,262$50,086
3 years$36,427$35,395$34,401$33,445$32,523$31,375
4 years$27,048$26,019$25,035$24,095$23,196$22,085
5 years$21,422$20,399$19,428$18,507$17,633$16,563
6 years$17,673$16,657$15,701$14,800$13,952$12,924
7 years$14,996$13,989$13,048$12,168$11,347$10,361
8 years$12,989$11,991$11,065$10,208$9,413$8,470
9 years$11,429$10,440$9,531$8,695$7,927$7,026
10 years$10,181$9,203$8,309$7,495$6,755$5,894
11 years$9,161$8,193$7,315$6,523$5,809$4,989
12 years$8,312$7,353$6,492$5,721$5,034$4,254
13 years$7,594$6,645$5,800$5,051$4,390$3,648
14 years$6,979$6,040$5,211$4,484$3,848$3,145
15 years$6,446$5,518$4,705$3,999$3,388$2,721
16 years$5,981$5,063$4,266$3,580$2,994$2,363
17 years$5,571$4,662$3,882$3,217$2,655$2,058
18 years$5,206$4,308$3,544$2,899$2,361$1,797
19 years$4,881$3,993$3,244$2,620$2,104$1,572
20 years$4,588$3,710$2,977$2,373$1,880$1,378
21 years$4,324$3,456$2,738$2,153$1,682$1,210
22 years$4,084$3,226$2,524$1,958$1,508$1,064
23 years$3,865$3,017$2,330$1,783$1,353$937
24 years$3,665$2,827$2,155$1,626$1,216$825
25 years$3,481$2,653$1,996$1,485$1,095$728
26 years$3,311$2,493$1,851$1,358$986$643
27 years$3,154$2,347$1,719$1,243$889$568
28 years$3,009$2,211$1,598$1,139$802$502
29 years$2,874$2,086$1,487$1,044$724$444
30 years$2,748$1,970$1,385$958$654$393
31 years$2,631$1,862$1,291$880$592$348
32 years$2,521$1,762$1,205$809$535$308
33 years$2,418$1,669$1,125$744$484$273
34 years$2,321$1,582$1,051$684$439$242
35 years$2,230$1,500$983$630$397$214
36 years$2,144$1,424$919$580$360$190
37 years$2,063$1,352$861$535$326$168
38 years$1,987$1,285$806$493$296$149
39 years$1,914$1,222$755$454$268$132
40 years$1,846$1,163$708$419$243$117
41 years$1,781$1,107$664$387$221$104
42 years$1,719$1,054$622$357$200$92
43 years$1,660$1,004$584$329$182$82
44 years$1,604$957$548$304$165$73
45 years$1,551$913$515$281$150$65
46 years$1,500$871$484$259$136$57
47 years$1,451$831$454$240$123$51
48 years$1,405$793$427$222$112$45
49 years$1,361$758$401$205$102$40
50 years$1,318$724$377$189$92$36

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 $3,947 every year, while hoping to spend $49,029 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: 41/50/9 Blend
66$1,350,000$1,350,000$1,350,000$1,350,000
67$1,491,771$1,420,221$1,399,296$1,548,791
68$1,591,766$1,437,646$1,394,006$1,606,517
69$1,700,316$1,454,281$1,386,896$1,663,740
70$1,818,243$1,470,036$1,377,852$1,724,562
71$1,946,451$1,484,814$1,366,757$1,789,329
72$2,085,933$1,498,514$1,353,487$1,858,426
73$2,237,781$1,511,024$1,337,912$1,932,276
74$2,403,199$1,522,228$1,319,896$2,011,349
75$2,583,510$1,532,002$1,299,297$2,096,165
76$2,780,171$1,540,214$1,275,967$2,187,299
77$2,994,786$1,546,721$1,249,749$2,285,386
78$3,229,119$1,551,376$1,220,481$2,391,132
79$3,485,113$1,554,017$1,187,991$2,505,314
80$3,764,907$1,554,477$1,152,102$2,628,794
81$4,070,857$1,552,575$1,112,626$2,762,524
82$4,405,553$1,548,121$1,069,368$2,907,557
83$4,771,853$1,540,911$1,022,125$3,065,059
84$5,172,898$1,530,732$970,682$3,236,316
85$5,612,150$1,517,355$914,817$3,422,754
86$6,093,423$1,500,538$854,296$3,625,946
87$6,620,913$1,480,026$788,876$3,847,632
88$7,199,245$1,455,546$718,303$4,089,735
89$7,833,512$1,426,811$642,309$4,354,382
90$8,529,321$1,393,517$560,618$4,643,919
91$9,292,853$1,355,340$472,940$4,960,944
92$10,130,911$1,311,939$378,970$5,308,324
93$11,050,992$1,262,952$278,394$5,689,226
94$12,061,353$1,207,996$170,880$6,107,150
95$13,171,091$1,146,668$56,084$6,565,962
96$14,390,225$1,078,538$0$7,069,932
97$15,729,795$1,003,153$0$7,630,153
98$17,201,962$920,035$0$8,251,617
99$18,820,124$828,678$0$8,934,719
100$20,599,040$728,547$0$9,685,849