Can I retire at age 67 with 1,360,000?

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 $1,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$112,308$111,307$110,331$109,379$108,448$105,399
2 years$55,598$54,562$53,559$52,586$51,642$48,594
3 years$36,697$35,657$34,656$33,692$32,764$29,811
4 years$27,248$26,212$25,221$24,273$23,367$20,533
5 years$21,581$20,550$19,572$18,644$17,764$15,056
6 years$17,804$16,781$15,817$14,910$14,056$11,477
7 years$15,107$14,093$13,144$12,258$11,431$8,981
8 years$13,085$12,080$11,147$10,283$9,483$7,161
9 years$11,513$10,518$9,601$8,759$7,986$5,789
10 years$10,257$9,271$8,371$7,550$6,805$4,730
11 years$9,229$8,253$7,369$6,571$5,852$3,897
12 years$8,374$7,408$6,540$5,764$5,071$3,231
13 years$7,650$6,694$5,843$5,088$4,422$2,693
14 years$7,031$6,085$5,250$4,517$3,877$2,255
15 years$6,494$5,559$4,740$4,028$3,413$1,894
16 years$6,025$5,100$4,298$3,607$3,017$1,596
17 years$5,612$4,697$3,911$3,241$2,675$1,348
18 years$5,245$4,340$3,570$2,921$2,378$1,140
19 years$4,917$4,022$3,268$2,639$2,120$966
20 years$4,622$3,738$2,999$2,390$1,893$820
21 years$4,356$3,482$2,759$2,169$1,694$697
22 years$4,114$3,250$2,543$1,972$1,519$593
23 years$3,893$3,040$2,348$1,796$1,363$505
24 years$3,692$2,848$2,171$1,638$1,225$430
25 years$3,506$2,673$2,011$1,496$1,103$367
26 years$3,335$2,512$1,865$1,368$993$313
27 years$3,178$2,364$1,732$1,252$896$267
28 years$3,031$2,228$1,610$1,147$808$228
29 years$2,895$2,101$1,498$1,052$730$194
30 years$2,768$1,985$1,396$966$659$166
31 years$2,650$1,876$1,301$887$596$142
32 years$2,539$1,775$1,214$815$539$121
33 years$2,436$1,681$1,133$749$488$104
34 years$2,338$1,593$1,059$690$442$89
35 years$2,246$1,511$990$635$400$76
36 years$2,160$1,434$926$585$363$65
37 years$2,078$1,362$867$539$329$55
38 years$2,001$1,295$812$496$298$47
39 years$1,928$1,231$761$458$270$40
40 years$1,859$1,171$713$422$245$35
41 years$1,794$1,115$668$390$222$30
42 years$1,731$1,062$627$360$202$25
43 years$1,672$1,012$588$332$183$22
44 years$1,616$964$552$306$166$19
45 years$1,562$920$519$283$151$16
46 years$1,511$877$487$261$137$14
47 years$1,462$837$458$242$124$12
48 years$1,415$799$430$223$113$10
49 years$1,371$763$404$206$103$8
50 years$1,328$729$380$191$93$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,360,000, adding $5,854 every year, while hoping to spend $47,039 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: 38/38/24 Blend
66$1,360,000$1,360,000$1,360,000$1,360,000
67$1,504,758$1,432,678$1,411,598$1,550,965
68$1,608,195$1,452,831$1,408,838$1,605,297
69$1,720,605$1,472,394$1,404,408$1,659,173
70$1,842,855$1,491,289$1,398,204$1,716,466
71$1,975,896$1,509,433$1,390,115$1,777,514
72$2,120,778$1,526,735$1,380,024$1,842,692
73$2,278,653$1,543,101$1,367,810$1,912,415
74$2,450,791$1,558,428$1,353,346$1,987,141
75$2,638,587$1,572,606$1,336,499$2,067,380
76$2,843,580$1,585,521$1,317,129$2,153,694
77$3,067,461$1,597,048$1,295,089$2,246,707
78$3,312,094$1,607,055$1,270,227$2,347,109
79$3,579,530$1,615,403$1,242,381$2,455,662
80$3,872,027$1,621,943$1,211,386$2,573,212
81$4,192,071$1,626,515$1,177,065$2,700,693
82$4,542,401$1,628,953$1,139,235$2,839,139
83$4,926,030$1,629,076$1,097,703$2,989,694
84$5,346,279$1,626,694$1,052,270$3,153,623
85$5,806,803$1,621,607$1,002,726$3,332,325
86$6,311,631$1,613,599$948,850$3,527,346
87$6,865,195$1,602,443$890,415$3,740,396
88$7,472,381$1,587,899$827,180$3,973,364
89$8,138,568$1,569,710$758,895$4,228,341
90$8,869,683$1,547,607$685,299$4,507,635
91$9,672,252$1,521,301$606,118$4,813,797
92$10,553,467$1,490,489$521,067$5,149,646
93$11,521,246$1,454,849$429,848$5,518,298
94$12,584,315$1,414,039$332,151$5,923,192
95$13,752,286$1,367,698$227,649$6,368,130
96$15,035,749$1,315,444$116,004$6,857,309
97$16,446,367$1,256,873$0$7,395,365
98$17,996,993$1,191,556$0$7,988,224
99$19,701,785$1,119,042$0$8,672,487
100$21,576,343$1,038,850$0$9,424,758