Can I retire at age 67 with 1,070,000?

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 $1,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$88,360$87,573$86,805$86,055$85,323$83,059
2 years$43,742$42,928$42,138$41,373$40,630$38,364
3 years$28,872$28,054$27,266$26,508$25,777$23,581
4 years$21,438$20,622$19,843$19,097$18,385$16,275
5 years$16,979$16,168$15,399$14,669$13,976$11,959
6 years$14,007$13,203$12,445$11,731$11,059$9,136
7 years$11,885$11,088$10,341$9,644$8,994$7,165
8 years$10,295$9,504$8,770$8,090$7,461$5,727
9 years$9,058$8,275$7,554$6,891$6,283$4,641
10 years$8,070$7,294$6,586$5,940$5,354$3,801
11 years$7,261$6,493$5,798$5,170$4,604$3,140
12 years$6,588$5,828$5,146$4,535$3,990$2,610
13 years$6,019$5,267$4,597$4,003$3,479$2,182
14 years$5,531$4,788$4,131$3,554$3,050$1,831
15 years$5,109$4,373$3,729$3,169$2,685$1,543
16 years$4,741$4,013$3,381$2,838$2,373$1,304
17 years$4,415$3,695$3,077$2,550$2,104$1,104
18 years$4,127$3,415$2,809$2,298$1,871$937
19 years$3,869$3,165$2,571$2,076$1,668$797
20 years$3,637$2,941$2,360$1,880$1,490$678
21 years$3,427$2,739$2,171$1,707$1,333$578
22 years$3,237$2,557$2,000$1,552$1,195$493
23 years$3,063$2,392$1,847$1,413$1,073$421
24 years$2,904$2,241$1,708$1,289$964$360
25 years$2,759$2,103$1,582$1,177$868$308
26 years$2,624$1,976$1,467$1,076$781$263
27 years$2,500$1,860$1,363$985$705$226
28 years$2,385$1,753$1,267$903$636$193
29 years$2,278$1,653$1,179$828$574$165
30 years$2,178$1,561$1,098$760$519$142
31 years$2,085$1,476$1,024$698$469$122
32 years$1,998$1,397$955$641$424$104
33 years$1,916$1,323$892$590$384$89
34 years$1,840$1,254$833$543$348$77
35 years$1,767$1,189$779$499$315$66
36 years$1,699$1,129$729$460$285$56
37 years$1,635$1,072$682$424$259$48
38 years$1,575$1,019$639$391$234$41
39 years$1,517$969$598$360$213$36
40 years$1,463$922$561$332$193$31
41 years$1,411$877$526$306$175$26
42 years$1,362$835$493$283$159$22
43 years$1,316$796$463$261$144$19
44 years$1,271$759$435$241$131$17
45 years$1,229$724$408$223$119$14
46 years$1,189$690$383$206$108$12
47 years$1,150$659$360$190$98$10
48 years$1,113$629$338$176$89$9
49 years$1,078$600$318$162$81$8
50 years$1,045$574$299$150$73$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,070,000, adding $5,050 every year, while hoping to spend $34,709 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: 55/37/8 Blend
66$1,070,000$1,070,000$1,070,000$1,070,000
67$1,184,349$1,127,639$1,111,054$1,246,966
68$1,268,223$1,145,963$1,111,344$1,308,179
69$1,359,488$1,164,022$1,110,481$1,370,522
70$1,458,862$1,181,766$1,108,389$1,437,559
71$1,567,135$1,199,141$1,104,989$1,509,741
72$1,685,175$1,216,091$1,100,198$1,587,566
73$1,813,938$1,232,555$1,093,930$1,671,582
74$1,954,477$1,248,467$1,086,093$1,762,395
75$2,107,949$1,263,758$1,076,593$1,860,672
76$2,275,630$1,278,352$1,065,329$1,967,148
77$2,458,924$1,292,170$1,052,197$2,082,634
78$2,659,375$1,305,128$1,037,087$2,208,026
79$2,878,687$1,317,135$1,019,885$2,344,311
80$3,118,732$1,328,093$1,000,470$2,492,576
81$3,381,573$1,337,901$978,717$2,654,022
82$3,669,484$1,346,448$954,494$2,829,973
83$3,984,966$1,353,619$927,664$3,021,890
84$4,330,774$1,359,288$898,082$3,231,381
85$4,709,945$1,363,324$865,599$3,460,224
86$5,125,819$1,365,588$830,057$3,710,377
87$5,582,080$1,365,929$791,291$3,984,001
88$6,082,783$1,364,189$749,130$4,283,477
89$6,632,394$1,360,202$703,393$4,611,433
90$7,235,834$1,353,788$653,893$4,970,768
91$7,898,523$1,344,758$600,432$5,364,676
92$8,626,433$1,332,911$542,807$5,796,682
93$9,426,141$1,318,036$480,803$6,270,673
94$10,304,893$1,299,905$414,196$6,790,935
95$11,270,672$1,278,281$342,751$7,362,194
96$12,332,273$1,252,909$266,226$7,989,663
97$13,499,385$1,223,522$184,365$8,679,088
98$14,782,684$1,189,835$96,902$9,436,809
99$16,193,929$1,151,549$3,560$10,269,814
100$17,746,078$1,108,343$0$11,185,808