Can I retire at age 67 with 1,410,000?

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 $1,410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$116,436$115,399$114,387$113,400$112,435$111,076
2 years$57,642$56,568$55,528$54,519$53,541$52,173
3 years$38,046$36,968$35,930$34,931$33,968$32,635
4 years$28,250$27,175$26,148$25,166$24,227$22,937
5 years$22,374$21,306$20,292$19,330$18,417$17,175
6 years$18,458$17,398$16,399$15,458$14,572$13,380
7 years$15,662$14,611$13,628$12,709$11,851$10,709
8 years$13,566$12,524$11,557$10,661$9,832$8,739
9 years$11,937$10,904$9,954$9,081$8,280$7,236
10 years$10,634$9,612$8,678$7,828$7,055$6,060
11 years$9,569$8,557$7,640$6,813$6,067$5,120
12 years$8,681$7,680$6,781$5,976$5,258$4,357
13 years$7,931$6,941$6,058$5,276$4,585$3,730
14 years$7,289$6,309$5,443$4,683$4,019$3,208
15 years$6,733$5,763$4,914$4,176$3,539$2,771
16 years$6,247$5,288$4,456$3,740$3,128$2,401
17 years$5,818$4,870$4,054$3,360$2,773$2,087
18 years$5,438$4,500$3,701$3,028$2,466$1,818
19 years$5,098$4,170$3,388$2,736$2,198$1,587
20 years$4,792$3,875$3,110$2,478$1,963$1,388
21 years$4,516$3,610$2,860$2,249$1,757$1,216
22 years$4,265$3,370$2,636$2,045$1,575$1,067
23 years$4,037$3,151$2,434$1,862$1,414$937
24 years$3,827$2,953$2,251$1,698$1,270$824
25 years$3,635$2,771$2,085$1,551$1,143$725
26 years$3,458$2,604$1,934$1,418$1,030$638
27 years$3,294$2,451$1,796$1,298$928$563
28 years$3,143$2,309$1,669$1,189$838$496
29 years$3,002$2,179$1,553$1,091$756$438
30 years$2,870$2,058$1,447$1,001$684$386
31 years$2,747$1,945$1,349$919$618$341
32 years$2,633$1,840$1,259$845$559$301
33 years$2,525$1,743$1,175$777$506$266
34 years$2,424$1,652$1,098$715$458$235
35 years$2,329$1,567$1,026$658$415$208
36 years$2,239$1,487$960$606$376$184
37 years$2,155$1,412$899$558$341$163
38 years$2,075$1,342$842$515$309$144
39 years$1,999$1,276$789$475$280$127
40 years$1,928$1,214$739$438$254$113
41 years$1,860$1,156$693$404$230$100
42 years$1,795$1,101$650$373$209$88
43 years$1,734$1,049$610$344$190$78
44 years$1,675$1,000$573$318$172$69
45 years$1,620$953$538$293$156$61
46 years$1,566$910$505$271$142$54
47 years$1,516$868$474$250$129$48
48 years$1,467$829$446$231$117$42
49 years$1,421$791$419$214$106$38
50 years$1,377$756$394$198$97$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,410,000, adding $4,616 every year, while hoping to spend $44,936 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: 62/13/25 Blend
66$1,410,000$1,410,000$1,410,000$1,410,000
67$1,558,581$1,483,851$1,461,996$1,644,610
68$1,669,745$1,508,749$1,463,162$1,728,358
69$1,790,742$1,533,360$1,462,860$1,814,423
70$1,922,526$1,557,623$1,460,995$1,907,411
71$2,066,150$1,581,473$1,457,464$2,008,006
72$2,222,771$1,604,839$1,452,163$2,116,962
73$2,393,662$1,627,644$1,444,979$2,235,108
74$2,580,226$1,649,809$1,435,796$2,363,363
75$2,784,004$1,671,245$1,424,491$2,502,736
76$3,006,697$1,691,861$1,410,936$2,654,344
77$3,250,175$1,711,556$1,394,996$2,819,416
78$3,516,496$1,730,226$1,376,532$2,999,307
79$3,807,928$1,747,757$1,355,395$3,195,515
80$4,126,968$1,764,028$1,331,432$3,409,689
81$4,476,365$1,778,912$1,304,482$3,643,647
82$4,859,146$1,792,270$1,274,374$3,899,397
83$5,278,647$1,803,959$1,240,933$4,179,152
84$5,738,538$1,813,822$1,203,973$4,485,350
85$6,242,864$1,821,695$1,163,302$4,820,684
86$6,796,080$1,827,401$1,118,716$5,188,121
87$7,403,092$1,830,756$1,070,005$5,590,932
88$8,069,304$1,831,560$1,016,947$6,032,728
89$8,800,669$1,829,602$959,311$6,517,485
90$9,603,745$1,824,661$896,855$7,049,593
91$10,485,755$1,816,497$829,328$7,633,890
92$11,454,656$1,804,860$756,465$8,275,709
93$12,519,216$1,789,482$677,990$8,980,932
94$13,689,089$1,770,081$593,617$9,756,046
95$14,974,917$1,746,355$503,044$10,608,201
96$16,388,420$1,717,988$405,957$11,545,281
97$17,942,511$1,684,642$302,029$12,575,978
98$19,651,417$1,645,959$190,917$13,709,876
99$21,530,813$1,601,562$72,264$14,957,541
100$23,597,969$1,551,051$0$16,330,622