Can I retire at age 67 with 1,440,000?

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 $1,440,000?

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$118,914$117,855$116,821$115,813$114,828$114,200
2 years$58,868$57,772$56,709$55,679$54,680$54,046
3 years$38,856$37,755$36,695$35,674$34,691$34,071
4 years$28,851$27,754$26,704$25,701$24,742$24,141
5 years$22,850$21,759$20,724$19,741$18,808$18,228
6 years$18,851$17,768$16,748$15,787$14,883$14,323
7 years$15,995$14,922$13,917$12,979$12,103$11,566
8 years$13,855$12,791$11,803$10,888$10,041$9,525
9 years$12,191$11,136$10,166$9,274$8,456$7,961
10 years$10,860$9,816$8,863$7,994$7,205$6,731
11 years$9,772$8,739$7,803$6,958$6,196$5,744
12 years$8,866$7,843$6,925$6,103$5,370$4,937
13 years$8,100$7,088$6,187$5,388$4,683$4,270
14 years$7,444$6,443$5,559$4,783$4,105$3,712
15 years$6,876$5,886$5,019$4,265$3,614$3,241
16 years$6,380$5,400$4,550$3,819$3,194$2,839
17 years$5,942$4,973$4,141$3,431$2,832$2,495
18 years$5,554$4,596$3,780$3,092$2,518$2,199
19 years$5,206$4,259$3,460$2,794$2,245$1,942
20 years$4,894$3,958$3,176$2,531$2,005$1,718
21 years$4,612$3,687$2,921$2,297$1,794$1,523
22 years$4,356$3,441$2,692$2,088$1,608$1,352
23 years$4,123$3,218$2,486$1,902$1,444$1,202
24 years$3,909$3,016$2,299$1,735$1,298$1,070
25 years$3,713$2,830$2,129$1,584$1,168$954
26 years$3,532$2,660$1,975$1,448$1,052$850
27 years$3,364$2,503$1,834$1,326$948$759
28 years$3,209$2,359$1,705$1,215$856$678
29 years$3,065$2,225$1,586$1,114$773$606
30 years$2,931$2,101$1,478$1,022$698$542
31 years$2,806$1,986$1,378$939$631$485
32 years$2,689$1,880$1,285$863$571$434
33 years$2,579$1,780$1,200$794$517$388
34 years$2,476$1,687$1,121$730$468$348
35 years$2,379$1,600$1,048$672$424$312
36 years$2,287$1,519$981$619$384$279
37 years$2,201$1,442$918$570$348$250
38 years$2,119$1,371$860$526$315$225
39 years$2,042$1,304$805$485$286$201
40 years$1,969$1,240$755$447$259$181
41 years$1,899$1,181$708$412$235$162
42 years$1,833$1,124$664$381$214$145
43 years$1,771$1,071$623$351$194$131
44 years$1,711$1,021$585$324$176$117
45 years$1,654$974$549$300$160$105
46 years$1,600$929$516$277$145$94
47 years$1,548$886$485$256$132$85
48 years$1,499$846$455$236$120$76
49 years$1,451$808$428$218$109$68
50 years$1,406$772$402$202$99$61

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,440,000, adding $6,390 every year, while hoping to spend $32,325 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: 36/41/23 Blend
66$1,440,000$1,440,000$1,440,000$1,440,000
67$1,593,471$1,517,151$1,494,831$1,639,577
68$1,721,612$1,557,098$1,510,515$1,713,966
69$1,861,739$1,597,919$1,525,640$1,790,779
70$2,015,042$1,639,623$1,540,154$1,873,056
71$2,182,829$1,682,217$1,554,002$1,961,306
72$2,366,542$1,725,709$1,567,125$2,056,090
73$2,567,766$1,770,106$1,579,461$2,158,026
74$2,788,250$1,815,414$1,590,945$2,267,794
75$3,029,919$1,861,636$1,601,509$2,386,144
76$3,294,892$1,908,777$1,611,081$2,513,901
77$3,585,504$1,956,840$1,619,585$2,651,975
78$3,904,325$2,005,826$1,626,941$2,801,367
79$4,254,190$2,055,734$1,633,067$2,963,182
80$4,638,216$2,106,564$1,637,873$3,138,635
81$5,059,841$2,158,313$1,641,269$3,329,068
82$5,522,851$2,210,976$1,643,158$3,535,957
83$6,031,415$2,264,548$1,643,437$3,760,929
84$6,590,128$2,319,019$1,642,001$4,005,779
85$7,204,050$2,374,380$1,638,736$4,272,483
86$7,878,756$2,430,617$1,633,527$4,563,220
87$8,620,389$2,487,718$1,626,250$4,880,391
88$9,435,716$2,545,663$1,616,777$5,226,643
89$10,332,191$2,604,432$1,604,971$5,604,893
90$11,318,029$2,664,004$1,590,692$6,018,356
91$12,402,279$2,724,351$1,573,791$6,470,575
92$13,594,912$2,785,444$1,554,113$6,965,457
93$14,906,912$2,847,251$1,531,495$7,507,306
94$16,350,384$2,909,733$1,505,767$8,100,870
95$17,938,664$2,972,850$1,476,751$8,751,377
96$19,686,445$3,036,557$1,444,260$9,464,595
97$21,609,918$3,100,804$1,408,098$10,246,878
98$23,726,922$3,165,536$1,368,062$11,105,231
99$26,057,114$3,230,693$1,323,937$12,047,377
100$28,622,151$3,296,209$1,275,501$13,081,825