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

Use the below retirement simulation to view the chances of a successful retirement.
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%11.9%
1 years$113,959$112,944$111,954$110,987$110,043$109,167
2 years$56,415$55,365$54,346$53,359$52,401$51,518
3 years$37,237$36,181$35,166$34,188$33,246$32,383
4 years$27,649$26,597$25,592$24,630$23,711$22,875
5 years$21,898$20,853$19,860$18,918$18,025$17,218
6 years$18,065$17,028$16,050$15,129$14,262$13,486
7 years$15,329$14,300$13,338$12,439$11,599$10,854
8 years$13,277$12,258$11,311$10,434$9,623$8,908
9 years$11,683$10,672$9,742$8,888$8,104$7,420
10 years$10,407$9,407$8,494$7,661$6,905$6,251
11 years$9,365$8,375$7,478$6,668$5,938$5,314
12 years$8,497$7,517$6,636$5,848$5,146$4,551
13 years$7,763$6,793$5,929$5,163$4,487$3,921
14 years$7,134$6,175$5,327$4,583$3,934$3,395
15 years$6,590$5,641$4,810$4,088$3,463$2,952
16 years$6,114$5,175$4,361$3,660$3,061$2,576
17 years$5,695$4,766$3,968$3,288$2,714$2,254
18 years$5,322$4,404$3,622$2,964$2,413$1,978
19 years$4,989$4,082$3,316$2,678$2,151$1,740
20 years$4,690$3,793$3,043$2,425$1,921$1,533
21 years$4,420$3,533$2,799$2,201$1,719$1,353
22 years$4,174$3,298$2,580$2,001$1,541$1,196
23 years$3,951$3,084$2,382$1,823$1,383$1,058
24 years$3,746$2,890$2,203$1,662$1,243$938
25 years$3,558$2,712$2,041$1,518$1,119$831
26 years$3,384$2,549$1,893$1,388$1,008$738
27 years$3,224$2,399$1,757$1,271$909$656
28 years$3,076$2,260$1,634$1,164$820$583
29 years$2,938$2,132$1,520$1,068$740$518
30 years$2,809$2,014$1,416$980$669$461
31 years$2,689$1,904$1,320$900$605$411
32 years$2,577$1,801$1,232$827$547$366
33 years$2,471$1,706$1,150$760$495$326
34 years$2,372$1,617$1,075$700$448$290
35 years$2,279$1,533$1,005$644$406$259
36 years$2,192$1,455$940$593$368$231
37 years$2,109$1,382$880$547$333$206
38 years$2,031$1,314$824$504$302$184
39 years$1,957$1,249$772$464$274$164
40 years$1,887$1,189$723$428$249$146
41 years$1,820$1,131$678$395$226$131
42 years$1,757$1,078$636$365$205$117
43 years$1,697$1,027$597$337$186$104
44 years$1,640$979$560$311$169$93
45 years$1,585$933$526$287$153$83
46 years$1,533$890$494$265$139$74
47 years$1,484$850$464$245$126$66
48 years$1,436$811$436$226$115$59
49 years$1,391$774$410$209$104$53
50 years$1,347$740$386$193$95$47

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 $4,430 every year, while hoping to spend $31,779 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: 85/8/7 Blend
66$1,380,000$1,380,000$1,380,000$1,380,000
67$1,525,330$1,452,190$1,430,800$1,653,730
68$1,647,101$1,489,534$1,444,919$1,775,517
69$1,780,227$1,527,644$1,458,446$1,904,492
70$1,925,834$1,566,522$1,471,327$2,045,179
71$2,085,159$1,606,172$1,483,507$2,198,733
72$2,259,567$1,646,596$1,494,926$2,366,428
73$2,450,559$1,687,795$1,505,522$2,549,666
74$2,659,787$1,729,768$1,515,229$2,749,991
75$2,889,075$1,772,516$1,523,978$2,969,104
76$3,140,426$1,816,035$1,531,697$3,208,878
77$3,416,050$1,860,321$1,538,309$3,471,377
78$3,718,380$1,905,370$1,543,735$3,758,873
79$4,050,095$1,951,173$1,547,890$4,073,870
80$4,414,146$1,997,722$1,550,687$4,419,125
81$4,813,786$2,045,007$1,552,031$4,797,676
82$5,252,595$2,093,015$1,551,827$5,212,871
83$5,734,518$2,141,732$1,549,972$5,668,395
84$6,263,901$2,191,139$1,546,359$6,168,311
85$6,845,532$2,241,218$1,540,875$6,717,093
86$7,484,685$2,291,946$1,533,402$7,319,672
87$8,187,170$2,343,299$1,523,819$7,981,479
88$8,959,388$2,395,247$1,511,994$8,708,499
89$9,808,393$2,447,761$1,497,792$9,507,324
90$10,741,953$2,500,805$1,481,072$10,385,222
91$11,768,628$2,554,341$1,461,684$11,350,195
92$12,897,851$2,608,327$1,439,473$12,411,064
93$14,140,013$2,662,716$1,414,277$13,577,546
94$15,506,562$2,717,457$1,385,923$14,860,351
95$17,010,114$2,772,495$1,354,234$16,271,276
96$18,664,568$2,827,769$1,319,023$17,823,323
97$20,485,237$2,883,213$1,280,094$19,530,816
98$22,488,997$2,938,756$1,237,242$21,409,542
99$24,694,440$2,994,320$1,190,255$23,476,895
100$27,122,051$3,049,821$1,138,907$25,752,041