Can I retire at age 67 with 1,390,000?

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 $1,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$114,785$113,762$112,765$111,791$110,841$110,234
2 years$56,824$55,766$54,740$53,746$52,781$52,170
3 years$37,507$36,444$35,421$34,435$33,487$32,888
4 years$27,850$26,790$25,777$24,809$23,883$23,303
5 years$22,057$21,004$20,004$19,056$18,155$17,595
6 years$18,196$17,151$16,166$15,239$14,366$13,826
7 years$15,440$14,403$13,434$12,529$11,683$11,164
8 years$13,374$12,346$11,393$10,510$9,692$9,194
9 years$11,767$10,750$9,813$8,952$8,162$7,685
10 years$10,483$9,475$8,555$7,717$6,955$6,498
11 years$9,433$8,435$7,532$6,716$5,981$5,544
12 years$8,558$7,571$6,684$5,891$5,183$4,766
13 years$7,819$6,842$5,972$5,201$4,520$4,122
14 years$7,186$6,219$5,366$4,617$3,962$3,583
15 years$6,637$5,681$4,845$4,117$3,489$3,128
16 years$6,158$5,213$4,392$3,687$3,083$2,741
17 years$5,736$4,801$3,997$3,312$2,734$2,409
18 years$5,361$4,436$3,649$2,985$2,431$2,122
19 years$5,025$4,111$3,340$2,697$2,167$1,874
20 years$4,724$3,820$3,065$2,443$1,935$1,659
21 years$4,452$3,559$2,820$2,217$1,732$1,470
22 years$4,205$3,322$2,599$2,016$1,552$1,306
23 years$3,979$3,107$2,399$1,836$1,393$1,161
24 years$3,773$2,911$2,219$1,674$1,252$1,033
25 years$3,584$2,732$2,055$1,529$1,127$920
26 years$3,409$2,567$1,906$1,398$1,015$821
27 years$3,248$2,416$1,770$1,280$915$733
28 years$3,098$2,277$1,646$1,173$826$654
29 years$2,959$2,148$1,531$1,075$746$585
30 years$2,829$2,028$1,426$987$674$523
31 years$2,709$1,918$1,330$906$609$468
32 years$2,595$1,814$1,241$833$551$419
33 years$2,489$1,718$1,158$766$499$375
34 years$2,390$1,628$1,082$705$452$336
35 years$2,296$1,545$1,012$649$409$301
36 years$2,208$1,466$947$597$371$270
37 years$2,124$1,392$886$551$336$242
38 years$2,046$1,323$830$507$304$217
39 years$1,971$1,258$777$468$276$194
40 years$1,900$1,197$729$432$250$174
41 years$1,833$1,140$683$398$227$157
42 years$1,770$1,085$641$367$206$140
43 years$1,709$1,034$601$339$187$126
44 years$1,652$986$565$313$170$113
45 years$1,597$940$530$289$154$102
46 years$1,544$897$498$267$140$91
47 years$1,494$856$468$247$127$82
48 years$1,447$817$440$228$115$73
49 years$1,401$780$413$211$105$66
50 years$1,357$745$388$195$95$59

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,390,000, adding $4,364 every year, while hoping to spend $40,654 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: 73/17/10 Blend
66$1,390,000$1,390,000$1,390,000$1,390,000
67$1,536,281$1,462,611$1,441,066$1,645,251
68$1,649,727$1,491,024$1,446,087$1,746,212
69$1,773,381$1,519,466$1,449,912$1,851,272
70$1,908,242$1,547,896$1,452,461$1,965,217
71$2,055,409$1,576,270$1,453,645$2,088,914
72$2,216,092$1,604,538$1,453,374$2,223,319
73$2,391,623$1,632,650$1,451,550$2,369,484
74$2,583,466$1,660,547$1,448,075$2,528,567
75$2,793,236$1,688,170$1,442,842$2,701,845
76$3,022,709$1,715,454$1,435,741$2,890,725
77$3,273,843$1,742,329$1,426,655$3,096,756
78$3,548,791$1,768,719$1,415,464$3,321,645
79$3,849,926$1,794,544$1,402,040$3,567,274
80$4,179,859$1,819,718$1,386,250$3,835,715
81$4,541,470$1,844,149$1,367,954$4,129,252
82$4,937,925$1,867,738$1,347,006$4,450,402
83$5,372,715$1,890,379$1,323,253$4,801,937
84$5,849,685$1,911,960$1,296,534$5,186,914
85$6,373,067$1,932,360$1,266,682$5,608,700
86$6,947,526$1,951,452$1,233,522$6,071,005
87$7,578,198$1,969,098$1,196,870$6,577,920
88$8,270,743$1,985,152$1,156,533$7,133,950
89$9,031,393$1,999,459$1,112,312$7,744,062
90$9,867,017$2,011,854$1,063,996$8,413,730
91$10,785,178$2,022,161$1,011,366$9,148,985
92$11,794,212$2,030,192$954,191$9,956,475
93$12,903,298$2,035,748$892,234$10,843,525
94$14,122,553$2,038,618$825,242$11,818,210
95$15,463,120$2,038,577$752,954$12,889,427
96$16,937,277$2,035,386$675,097$14,066,983
97$18,558,550$2,028,791$591,384$15,361,684
98$20,341,845$2,018,524$501,517$16,785,443
99$22,303,580$2,004,299$405,186$18,351,386
100$24,461,849$1,985,813$302,063$20,073,980