Can I retire at age 67 with 1,090,000?

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 $1,090,000?

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$90,011$89,209$88,427$87,664$86,918$85,868
2 years$44,560$43,730$42,926$42,146$41,390$40,332
3 years$29,412$28,578$27,776$27,003$26,259$25,228
4 years$21,839$21,008$20,214$19,454$18,728$17,731
5 years$17,296$16,470$15,687$14,943$14,237$13,277
6 years$14,269$13,449$12,677$11,950$11,265$10,343
7 years$12,108$11,295$10,535$9,825$9,162$8,278
8 years$10,487$9,682$8,934$8,242$7,600$6,756
9 years$9,228$8,430$7,695$7,020$6,401$5,594
10 years$8,220$7,430$6,709$6,051$5,454$4,684
11 years$7,397$6,615$5,906$5,267$4,690$3,958
12 years$6,711$5,937$5,242$4,619$4,065$3,368
13 years$6,131$5,365$4,683$4,078$3,544$2,883
14 years$5,635$4,877$4,208$3,620$3,107$2,480
15 years$5,205$4,455$3,799$3,229$2,736$2,142
16 years$4,829$4,088$3,444$2,891$2,418$1,856
17 years$4,498$3,765$3,134$2,597$2,144$1,613
18 years$4,204$3,479$2,861$2,341$1,906$1,405
19 years$3,941$3,224$2,619$2,115$1,699$1,227
20 years$3,705$2,996$2,404$1,916$1,518$1,073
21 years$3,491$2,790$2,211$1,739$1,358$940
22 years$3,297$2,605$2,038$1,581$1,217$825
23 years$3,121$2,436$1,882$1,440$1,093$724
24 years$2,959$2,283$1,740$1,313$982$637
25 years$2,810$2,142$1,612$1,199$884$560
26 years$2,673$2,013$1,495$1,096$796$494
27 years$2,547$1,895$1,388$1,004$718$435
28 years$2,429$1,785$1,290$919$648$384
29 years$2,320$1,684$1,201$843$585$338
30 years$2,219$1,591$1,119$774$528$299
31 years$2,124$1,504$1,043$711$478$264
32 years$2,035$1,423$973$653$432$233
33 years$1,952$1,347$908$601$391$206
34 years$1,874$1,277$849$553$354$182
35 years$1,800$1,211$794$509$321$161
36 years$1,731$1,150$742$469$291$142
37 years$1,666$1,092$695$432$263$126
38 years$1,604$1,038$651$398$239$111
39 years$1,546$987$610$367$217$98
40 years$1,490$939$571$338$196$87
41 years$1,438$894$536$312$178$77
42 years$1,388$851$503$288$162$68
43 years$1,340$811$472$266$147$60
44 years$1,295$773$443$246$133$53
45 years$1,252$737$416$227$121$47
46 years$1,211$703$390$210$110$42
47 years$1,172$671$367$194$100$37
48 years$1,134$641$345$179$91$33
49 years$1,098$612$324$165$82$29
50 years$1,064$584$305$153$75$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,090,000, adding $3,838 every year, while hoping to spend $36,279 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: 76/18/6 Blend
66$1,090,000$1,090,000$1,090,000$1,090,000
67$1,205,139$1,147,369$1,130,474$1,295,725
68$1,289,462$1,164,989$1,129,744$1,373,390
69$1,381,171$1,182,257$1,127,774$1,453,443
70$1,480,980$1,199,117$1,124,484$1,540,125
71$1,589,675$1,215,510$1,119,790$1,634,079
72$1,708,123$1,231,371$1,113,604$1,736,010
73$1,837,277$1,246,632$1,105,834$1,846,700
74$1,978,183$1,261,222$1,096,384$1,967,007
75$2,131,998$1,275,062$1,085,153$2,097,876
76$2,299,991$1,288,069$1,072,035$2,240,350
77$2,483,562$1,300,156$1,056,919$2,395,576
78$2,684,248$1,311,227$1,039,690$2,564,819
79$2,903,747$1,321,183$1,020,225$2,749,473
80$3,143,925$1,329,916$998,398$2,951,073
81$3,406,836$1,337,313$974,075$3,171,311
82$3,694,745$1,343,253$947,118$3,412,051
83$4,010,143$1,347,607$917,381$3,675,348
84$4,355,776$1,350,237$884,711$3,963,464
85$4,734,667$1,351,000$848,950$4,278,895
86$5,150,144$1,349,740$809,931$4,624,390
87$5,605,874$1,346,293$767,480$5,002,978
88$6,105,898$1,340,486$721,414$5,417,998
89$6,654,662$1,332,133$671,545$5,873,130
90$7,257,069$1,321,039$617,673$6,372,428
91$7,918,515$1,306,995$559,590$6,920,362
92$8,644,948$1,289,782$497,081$7,521,856
93$9,442,917$1,269,165$429,917$8,182,340
94$10,319,639$1,244,899$357,864$8,907,795
95$11,283,063$1,216,720$280,673$9,704,815
96$12,341,947$1,184,351$198,087$10,580,667
97$13,505,940$1,147,498$109,837$11,543,359
98$14,785,671$1,105,851$15,642$12,601,719
99$16,192,852$1,059,080$0$13,765,474
100$17,740,384$1,006,836$0$15,050,781