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%18.5%
1 years$117,262$116,218$115,199$114,204$113,233$109,346
2 years$58,051$56,969$55,922$54,906$53,920$50,044
3 years$38,316$37,230$36,185$35,179$34,209$30,465
4 years$28,451$27,368$26,333$25,344$24,398$20,815
5 years$22,533$21,457$20,436$19,467$18,547$15,134
6 years$18,589$17,521$16,515$15,568$14,676$11,436
7 years$15,773$14,714$13,724$12,799$11,935$8,868
8 years$13,662$12,613$11,639$10,737$9,902$7,004
9 years$12,021$10,982$10,025$9,145$8,339$5,607
10 years$10,709$9,680$8,740$7,883$7,105$4,536
11 years$9,636$8,617$7,694$6,861$6,110$3,698
12 years$8,743$7,735$6,829$6,018$5,295$3,034
13 years$7,988$6,990$6,101$5,313$4,617$2,502
14 years$7,341$6,354$5,482$4,716$4,048$2,071
15 years$6,781$5,804$4,949$4,206$3,564$1,720
16 years$6,291$5,325$4,487$3,766$3,150$1,433
17 years$5,860$4,904$4,083$3,384$2,793$1,196
18 years$5,476$4,532$3,727$3,049$2,483$1,000
19 years$5,134$4,200$3,412$2,755$2,213$837
20 years$4,826$3,903$3,132$2,496$1,977$702
21 years$4,548$3,635$2,880$2,265$1,769$589
22 years$4,295$3,393$2,655$2,059$1,586$495
23 years$4,065$3,174$2,451$1,875$1,424$416
24 years$3,855$2,974$2,267$1,711$1,280$350
25 years$3,661$2,791$2,100$1,562$1,151$295
26 years$3,483$2,623$1,947$1,428$1,037$248
27 years$3,318$2,468$1,808$1,307$935$209
28 years$3,165$2,326$1,681$1,198$844$176
29 years$3,023$2,194$1,564$1,098$762$148
30 years$2,891$2,072$1,457$1,008$688$125
31 years$2,767$1,959$1,358$926$622$105
32 years$2,651$1,854$1,267$851$563$89
33 years$2,543$1,755$1,183$782$509$75
34 years$2,441$1,664$1,106$720$461$63
35 years$2,346$1,578$1,034$663$418$53
36 years$2,255$1,498$967$610$379$45
37 years$2,170$1,422$905$562$343$38
38 years$2,090$1,352$848$518$311$32
39 years$2,014$1,285$794$478$282$27
40 years$1,941$1,223$744$441$256$23
41 years$1,873$1,164$698$407$232$19
42 years$1,808$1,109$655$375$211$16
43 years$1,746$1,056$614$347$191$14
44 years$1,687$1,007$577$320$173$12
45 years$1,631$960$541$295$158$10
46 years$1,578$916$509$273$143$8
47 years$1,527$874$478$252$130$7
48 years$1,478$835$449$233$118$6
49 years$1,431$797$422$215$107$5
50 years$1,386$761$397$199$97$4

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 $2,678 every year, while hoping to spend $43,027 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: 63/30/7 Blend
66$1,420,000$1,420,000$1,420,000$1,420,000
67$1,567,602$1,492,342$1,470,332$1,664,110
68$1,681,717$1,519,687$1,473,808$1,756,139
69$1,806,030$1,546,929$1,475,958$1,851,291
70$1,941,535$1,574,018$1,476,693$1,954,066
71$2,089,327$1,600,901$1,475,918$2,065,200
72$2,250,612$1,627,518$1,473,534$2,185,506
73$2,426,715$1,653,807$1,469,438$2,315,877
74$2,619,096$1,679,700$1,463,520$2,457,297
75$2,829,363$1,705,125$1,455,668$2,610,851
76$3,059,286$1,730,003$1,445,760$2,777,736
77$3,310,812$1,754,253$1,433,673$2,959,268
78$3,586,088$1,777,784$1,419,274$3,156,899
79$3,887,476$1,800,503$1,402,426$3,372,231
80$4,217,577$1,822,305$1,382,985$3,607,027
81$4,579,256$1,843,084$1,360,801$3,863,230
82$4,975,667$1,862,723$1,335,716$4,142,984
83$5,410,287$1,881,098$1,307,564$4,448,650
84$5,886,942$1,898,077$1,276,173$4,782,832
85$6,409,846$1,913,520$1,241,361$5,148,397
86$6,983,644$1,927,276$1,202,940$5,548,510
87$7,613,449$1,939,185$1,160,712$5,986,656
88$8,304,895$1,949,079$1,114,470$6,466,679
89$9,064,186$1,956,776$1,063,996$6,992,813
90$9,898,159$1,962,084$1,009,066$7,569,729
91$10,814,344$1,964,800$949,443$8,202,573
92$11,821,038$1,964,705$884,880$8,897,018
93$12,927,378$1,961,570$815,118$9,659,319
94$14,143,434$1,955,150$739,887$10,496,370
95$15,480,297$1,945,186$658,907$11,415,769
96$16,950,189$1,931,402$571,882$12,425,894
97$18,566,574$1,913,505$478,505$13,535,977
98$20,344,285$1,891,187$378,455$14,756,197
99$22,299,665$1,864,119$271,397$16,097,774
100$24,450,723$1,831,953$156,981$17,573,074