Can I retire at age 67 with 1,380,000?

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 $1,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$113,959$112,944$111,954$110,987$110,043$109,487
2 years$56,415$55,365$54,346$53,359$52,401$51,841
3 years$37,237$36,181$35,166$34,188$33,246$32,697
4 years$27,649$26,597$25,592$24,630$23,711$23,179
5 years$21,898$20,853$19,860$18,918$18,025$17,511
6 years$18,065$17,028$16,050$15,129$14,262$13,767
7 years$15,329$14,300$13,338$12,439$11,599$11,123
8 years$13,277$12,258$11,311$10,434$9,623$9,165
9 years$11,683$10,672$9,742$8,888$8,104$7,665
10 years$10,407$9,407$8,494$7,661$6,905$6,485
11 years$9,365$8,375$7,478$6,668$5,938$5,537
12 years$8,497$7,517$6,636$5,848$5,146$4,762
13 years$7,763$6,793$5,929$5,163$4,487$4,122
14 years$7,134$6,175$5,327$4,583$3,934$3,585
15 years$6,590$5,641$4,810$4,088$3,463$3,132
16 years$6,114$5,175$4,361$3,660$3,061$2,746
17 years$5,695$4,766$3,968$3,288$2,714$2,415
18 years$5,322$4,404$3,622$2,964$2,413$2,129
19 years$4,989$4,082$3,316$2,678$2,151$1,882
20 years$4,690$3,793$3,043$2,425$1,921$1,667
21 years$4,420$3,533$2,799$2,201$1,719$1,478
22 years$4,174$3,298$2,580$2,001$1,541$1,314
23 years$3,951$3,084$2,382$1,823$1,383$1,169
24 years$3,746$2,890$2,203$1,662$1,243$1,041
25 years$3,558$2,712$2,041$1,518$1,119$928
26 years$3,384$2,549$1,893$1,388$1,008$828
27 years$3,224$2,399$1,757$1,271$909$740
28 years$3,076$2,260$1,634$1,164$820$661
29 years$2,938$2,132$1,520$1,068$740$592
30 years$2,809$2,014$1,416$980$669$529
31 years$2,689$1,904$1,320$900$605$474
32 years$2,577$1,801$1,232$827$547$425
33 years$2,471$1,706$1,150$760$495$381
34 years$2,372$1,617$1,075$700$448$341
35 years$2,279$1,533$1,005$644$406$306
36 years$2,192$1,455$940$593$368$274
37 years$2,109$1,382$880$547$333$246
38 years$2,031$1,314$824$504$302$221
39 years$1,957$1,249$772$464$274$198
40 years$1,887$1,189$723$428$249$178
41 years$1,820$1,131$678$395$226$160
42 years$1,757$1,078$636$365$205$144
43 years$1,697$1,027$597$337$186$129
44 years$1,640$979$560$311$169$116
45 years$1,585$933$526$287$153$104
46 years$1,533$890$494$265$139$94
47 years$1,484$850$464$245$126$84
48 years$1,436$811$436$226$115$76
49 years$1,391$774$410$209$104$68
50 years$1,347$740$386$193$95$61

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,380,000, adding $3,213 every year, while hoping to spend $38,561 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: 51/23/26 Blend
66$1,380,000$1,380,000$1,380,000$1,380,000
67$1,524,074$1,450,934$1,429,544$1,590,521
68$1,638,501$1,481,001$1,436,405$1,667,122
69$1,763,307$1,511,249$1,442,204$1,746,215
70$1,899,511$1,541,647$1,446,864$1,831,446
71$2,048,231$1,572,158$1,450,304$1,923,415
72$2,210,703$1,602,746$1,452,442$2,022,784
73$2,388,284$1,633,370$1,453,188$2,130,282
74$2,582,469$1,663,985$1,452,450$2,246,715
75$2,794,905$1,694,544$1,450,130$2,372,970
76$3,027,402$1,724,994$1,446,127$2,510,025
77$3,281,959$1,755,280$1,440,334$2,658,960
78$3,560,771$1,785,341$1,432,638$2,820,966
79$3,866,260$1,815,113$1,422,921$2,997,356
80$4,201,091$1,844,526$1,411,062$3,189,579
81$4,568,200$1,873,506$1,396,930$3,399,230
82$4,970,820$1,901,971$1,380,390$3,628,073
83$5,412,511$1,929,835$1,361,301$3,878,050
84$5,897,198$1,957,007$1,339,515$4,151,303
85$6,429,199$1,983,388$1,314,876$4,450,196
86$7,013,275$2,008,872$1,287,222$4,777,333
87$7,654,668$2,033,346$1,256,383$5,135,590
88$8,359,154$2,056,689$1,222,181$5,528,134
89$9,133,094$2,078,773$1,184,431$5,958,461
90$9,983,497$2,099,460$1,142,936$6,430,424
91$10,918,084$2,118,604$1,097,495$6,948,273
92$11,945,361$2,136,049$1,047,894$7,516,694
93$13,074,700$2,151,627$993,911$8,140,854
94$14,316,426$2,165,163$935,313$8,826,451
95$15,681,913$2,176,467$871,857$9,579,766
96$17,183,693$2,185,340$803,290$10,407,728
97$18,835,576$2,191,567$729,346$11,317,974
98$20,652,773$2,194,923$649,748$12,318,925
99$22,652,048$2,195,166$564,206$13,419,866
100$24,851,868$2,192,041$472,419$14,631,034