Can I retire at age 67 with 1,100,000?

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 $1,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$90,837$90,028$89,238$88,468$87,716$86,908
2 years$44,969$44,131$43,320$42,533$41,769$40,956
3 years$29,681$28,840$28,031$27,251$26,500$25,706
4 years$22,039$21,201$20,399$19,633$18,900$18,131
5 years$17,455$16,622$15,831$15,080$14,368$13,626
6 years$14,400$13,573$12,793$12,060$11,369$10,655
7 years$12,219$11,398$10,631$9,915$9,246$8,561
8 years$10,583$9,771$9,016$8,317$7,670$7,014
9 years$9,312$8,507$7,766$7,084$6,459$5,832
10 years$8,296$7,499$6,770$6,107$5,504$4,905
11 years$7,465$6,675$5,960$5,315$4,733$4,162
12 years$6,773$5,992$5,290$4,662$4,102$3,558
13 years$6,188$5,415$4,726$4,116$3,577$3,059
14 years$5,687$4,922$4,246$3,653$3,135$2,644
15 years$5,253$4,496$3,834$3,258$2,761$2,294
16 years$4,873$4,125$3,476$2,917$2,440$1,998
17 years$4,539$3,799$3,163$2,621$2,163$1,745
18 years$4,242$3,510$2,887$2,362$1,924$1,528
19 years$3,977$3,253$2,643$2,135$1,715$1,340
20 years$3,739$3,023$2,426$1,933$1,531$1,179
21 years$3,523$2,816$2,231$1,755$1,371$1,038
22 years$3,327$2,629$2,057$1,595$1,228$915
23 years$3,149$2,459$1,899$1,453$1,103$808
24 years$2,986$2,304$1,756$1,325$991$714
25 years$2,836$2,162$1,627$1,210$892$632
26 years$2,698$2,032$1,509$1,106$803$560
27 years$2,570$1,912$1,401$1,013$724$496
28 years$2,452$1,802$1,302$928$654$440
29 years$2,342$1,700$1,212$851$590$390
30 years$2,239$1,605$1,129$781$533$346
31 years$2,143$1,517$1,052$717$482$308
32 years$2,054$1,436$982$659$436$273
33 years$1,970$1,360$917$606$395$243
34 years$1,891$1,289$857$558$357$216
35 years$1,817$1,222$801$513$324$192
36 years$1,747$1,160$749$473$293$171
37 years$1,681$1,102$701$436$266$152
38 years$1,619$1,047$657$402$241$135
39 years$1,560$996$615$370$218$120
40 years$1,504$947$577$342$198$107
41 years$1,451$902$541$315$180$95
42 years$1,400$859$507$291$163$85
43 years$1,353$818$476$268$148$76
44 years$1,307$780$447$248$134$67
45 years$1,264$744$419$229$122$60
46 years$1,222$710$394$211$111$53
47 years$1,183$677$370$195$101$48
48 years$1,145$646$348$180$91$42
49 years$1,109$617$327$167$83$38
50 years$1,074$590$307$154$75$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,100,000, adding $6,811 every year, while hoping to spend $53,027 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: 47/35/18 Blend
66$1,100,000$1,100,000$1,100,000$1,100,000
67$1,219,226$1,160,926$1,143,876$1,270,015
68$1,287,166$1,161,391$1,125,775$1,306,520
69$1,360,260$1,160,101$1,105,291$1,340,220
70$1,438,975$1,156,915$1,082,287$1,375,672
71$1,523,829$1,151,682$1,056,622$1,413,060
72$1,615,387$1,144,243$1,028,147$1,452,591
73$1,714,273$1,134,426$996,706$1,494,498
74$1,821,169$1,122,053$962,136$1,539,037
75$1,936,828$1,106,934$924,267$1,586,498
76$2,062,076$1,088,865$882,921$1,637,201
77$2,197,821$1,067,633$837,913$1,691,502
78$2,345,063$1,043,012$789,047$1,749,802
79$2,504,900$1,014,760$736,121$1,812,542
80$2,678,541$982,624$678,922$1,880,216
81$2,867,315$946,335$617,229$1,953,372
82$3,072,684$905,608$550,808$2,032,621
83$3,296,257$860,142$479,420$2,118,640
84$3,539,804$809,618$402,809$2,212,183
85$3,805,274$753,700$320,713$2,314,085
86$4,094,811$692,030$232,856$2,425,276
87$4,410,774$624,232$138,950$2,546,786
88$4,755,763$549,909$38,694$2,679,758
89$5,132,635$468,639$0$2,825,462
90$5,544,539$379,978$0$2,998,421
91$5,994,942$283,456$0$3,195,861
92$6,487,659$178,578$0$3,412,136
93$7,026,891$64,820$0$3,649,229
94$7,617,267$0$0$3,909,335
95$8,263,880$0$0$4,217,358
96$8,972,342$0$0$4,582,320
97$9,748,831$0$0$4,982,453
98$10,600,154$0$0$5,421,281
99$11,533,805$0$0$5,902,684
100$12,558,040$0$0$6,430,936