Can I retire at age 67 with 1,420,000?

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 $1,420,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$117,262$116,218$115,199$114,204$113,233$112,708
2 years$58,051$56,969$55,922$54,906$53,920$53,391
3 years$38,316$37,230$36,185$35,179$34,209$33,691
4 years$28,451$27,368$26,333$25,344$24,398$23,896
5 years$22,533$21,457$20,436$19,467$18,547$18,062
6 years$18,589$17,521$16,515$15,568$14,676$14,208
7 years$15,773$14,714$13,724$12,799$11,935$11,485
8 years$13,662$12,613$11,639$10,737$9,902$9,469
9 years$12,021$10,982$10,025$9,145$8,339$7,924
10 years$10,709$9,680$8,740$7,883$7,105$6,708
11 years$9,636$8,617$7,694$6,861$6,110$5,731
12 years$8,743$7,735$6,829$6,018$5,295$4,932
13 years$7,988$6,990$6,101$5,313$4,617$4,271
14 years$7,341$6,354$5,482$4,716$4,048$3,718
15 years$6,781$5,804$4,949$4,206$3,564$3,250
16 years$6,291$5,325$4,487$3,766$3,150$2,851
17 years$5,860$4,904$4,083$3,384$2,793$2,509
18 years$5,476$4,532$3,727$3,049$2,483$2,214
19 years$5,134$4,200$3,412$2,755$2,213$1,958
20 years$4,826$3,903$3,132$2,496$1,977$1,735
21 years$4,548$3,635$2,880$2,265$1,769$1,541
22 years$4,295$3,393$2,655$2,059$1,586$1,370
23 years$4,065$3,174$2,451$1,875$1,424$1,220
24 years$3,855$2,974$2,267$1,711$1,280$1,087
25 years$3,661$2,791$2,100$1,562$1,151$970
26 years$3,483$2,623$1,947$1,428$1,037$867
27 years$3,318$2,468$1,808$1,307$935$775
28 years$3,165$2,326$1,681$1,198$844$693
29 years$3,023$2,194$1,564$1,098$762$620
30 years$2,891$2,072$1,457$1,008$688$556
31 years$2,767$1,959$1,358$926$622$498
32 years$2,651$1,854$1,267$851$563$446
33 years$2,543$1,755$1,183$782$509$400
34 years$2,441$1,664$1,106$720$461$359
35 years$2,346$1,578$1,034$663$418$322
36 years$2,255$1,498$967$610$379$289
37 years$2,170$1,422$905$562$343$260
38 years$2,090$1,352$848$518$311$233
39 years$2,014$1,285$794$478$282$210
40 years$1,941$1,223$744$441$256$188
41 years$1,873$1,164$698$407$232$169
42 years$1,808$1,109$655$375$211$152
43 years$1,746$1,056$614$347$191$137
44 years$1,687$1,007$577$320$173$123
45 years$1,631$960$541$295$158$111
46 years$1,578$916$509$273$143$100
47 years$1,527$874$478$252$130$89
48 years$1,478$835$449$233$118$80
49 years$1,431$797$422$215$107$72
50 years$1,386$761$397$199$97$65

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,420,000, adding $4,177 every year, while hoping to spend $25,179 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: 51/30/19 Blend
66$1,420,000$1,420,000$1,420,000$1,420,000
67$1,569,149$1,493,889$1,471,879$1,640,730
68$1,702,411$1,540,299$1,494,396$1,736,926
69$1,848,423$1,588,139$1,516,824$1,838,509
70$2,008,458$1,637,454$1,539,133$1,948,415
71$2,183,918$1,688,286$1,561,292$2,067,441
72$2,376,349$1,740,684$1,583,266$2,196,463
73$2,587,452$1,794,693$1,605,022$2,336,446
74$2,819,103$1,850,363$1,626,520$2,488,452
75$3,073,366$1,907,745$1,647,723$2,653,648
76$3,352,514$1,966,890$1,668,587$2,833,322
77$3,659,055$2,027,852$1,689,069$3,028,889
78$3,995,747$2,090,685$1,709,121$3,241,910
79$4,365,631$2,155,446$1,728,694$3,474,100
80$4,772,055$2,222,194$1,747,736$3,727,350
81$5,218,711$2,290,987$1,766,191$4,003,742
82$5,709,663$2,361,889$1,784,002$4,305,569
83$6,249,389$2,434,962$1,801,107$4,635,356
84$6,842,824$2,510,272$1,817,440$4,995,884
85$7,495,403$2,587,886$1,832,935$5,390,215
86$8,213,115$2,667,873$1,847,520$5,821,724
87$9,002,558$2,750,305$1,861,118$6,294,127
88$9,871,004$2,835,255$1,873,650$6,811,516
89$10,826,462$2,922,798$1,885,033$7,378,403
90$11,877,758$3,013,012$1,895,178$7,999,753
91$13,034,617$3,105,977$1,903,994$8,681,040
92$14,307,753$3,201,775$1,911,383$9,428,293
93$15,708,973$3,300,491$1,917,244$10,248,153
94$17,251,285$3,402,212$1,921,468$11,147,937
95$18,949,022$3,507,026$1,923,943$12,135,709
96$20,817,979$3,615,027$1,924,552$13,220,350
97$22,875,559$3,726,309$1,923,170$14,411,647
98$25,140,937$3,840,970$1,919,667$15,720,382
99$27,635,244$3,959,109$1,913,908$17,158,437
100$30,381,763$4,080,829$1,905,748$18,738,900