Can I retire at age 67 with 1,160,000?

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 $1,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$95,792$94,938$94,106$93,293$92,500$90,227
2 years$47,422$46,538$45,683$44,853$44,048$41,772
3 years$31,300$30,413$29,560$28,738$27,946$25,738
4 years$23,241$22,357$21,512$20,704$19,931$17,809
5 years$18,407$17,528$16,694$15,902$15,151$13,120
6 years$15,185$14,313$13,491$12,717$11,989$10,050
7 years$12,885$12,020$11,211$10,456$9,750$7,905
8 years$11,161$10,303$9,508$8,771$8,089$6,336
9 years$9,820$8,971$8,189$7,471$6,812$5,150
10 years$8,748$7,908$7,140$6,440$5,804$4,232
11 years$7,872$7,040$6,286$5,605$4,992$3,506
12 years$7,142$6,318$5,578$4,916$4,326$2,925
13 years$6,525$5,710$4,984$4,340$3,772$2,453
14 years$5,997$5,190$4,478$3,853$3,307$2,066
15 years$5,539$4,741$4,043$3,436$2,911$1,747
16 years$5,139$4,350$3,666$3,077$2,573$1,481
17 years$4,787$4,006$3,336$2,764$2,281$1,259
18 years$4,474$3,702$3,045$2,491$2,029$1,072
19 years$4,194$3,431$2,788$2,251$1,808$915
20 years$3,942$3,188$2,558$2,039$1,615$782
21 years$3,715$2,970$2,353$1,850$1,445$669
22 years$3,509$2,772$2,169$1,682$1,295$573
23 years$3,321$2,593$2,002$1,532$1,163$491
24 years$3,149$2,429$1,852$1,397$1,045$422
25 years$2,991$2,280$1,715$1,276$941$362
26 years$2,845$2,143$1,591$1,167$847$311
27 years$2,710$2,016$1,477$1,068$764$267
28 years$2,585$1,900$1,373$979$689$230
29 years$2,469$1,792$1,278$897$622$198
30 years$2,361$1,693$1,190$824$562$170
31 years$2,260$1,600$1,110$756$508$146
32 years$2,166$1,514$1,035$695$460$126
33 years$2,077$1,434$967$639$416$109
34 years$1,994$1,359$903$588$377$93
35 years$1,916$1,289$844$541$341$81
36 years$1,842$1,223$790$499$309$69
37 years$1,773$1,162$739$459$280$60
38 years$1,707$1,104$692$423$254$51
39 years$1,645$1,050$649$390$230$44
40 years$1,586$999$608$360$209$38
41 years$1,530$951$570$332$190$33
42 years$1,477$906$535$307$172$28
43 years$1,426$863$502$283$156$24
44 years$1,378$823$471$261$142$21
45 years$1,332$784$442$241$129$18
46 years$1,289$748$415$223$117$16
47 years$1,247$714$390$206$106$14
48 years$1,207$682$367$190$96$12
49 years$1,169$651$345$176$87$10
50 years$1,133$622$324$163$79$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,160,000, adding $2,454 every year, while hoping to spend $43,278 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: 80/8/12 Blend
66$1,160,000$1,160,000$1,160,000$1,160,000
67$1,280,851$1,219,371$1,201,391$1,380,298
68$1,365,451$1,233,073$1,195,590$1,459,661
69$1,457,229$1,245,996$1,188,145$1,540,863
70$1,556,872$1,258,055$1,178,953$1,628,715
71$1,665,135$1,269,163$1,167,911$1,723,861
72$1,782,850$1,279,222$1,154,907$1,827,012
73$1,910,929$1,288,133$1,139,825$1,938,951
74$2,050,379$1,295,786$1,122,543$2,060,540
75$2,202,305$1,302,067$1,102,936$2,192,730
76$2,367,925$1,306,854$1,080,870$2,336,568
77$2,548,580$1,310,016$1,056,206$2,493,206
78$2,745,744$1,311,416$1,028,797$2,663,916
79$2,961,041$1,310,906$998,493$2,850,097
80$3,196,258$1,308,331$965,133$3,053,294
81$3,453,362$1,303,526$928,552$3,275,206
82$3,734,521$1,296,314$888,574$3,517,706
83$4,042,118$1,286,510$845,017$3,782,860
84$4,378,781$1,273,915$797,692$4,072,942
85$4,747,401$1,258,321$746,399$4,390,461
86$5,151,163$1,239,506$690,930$4,738,179
87$5,593,573$1,217,233$631,068$5,119,142
88$6,078,495$1,191,255$566,585$5,536,705
89$6,610,181$1,161,306$497,246$5,994,569
90$7,193,317$1,127,108$422,802$6,496,808
91$7,833,064$1,088,364$342,994$7,047,917
92$8,535,104$1,044,762$257,552$7,652,845
93$9,305,699$995,970$166,194$8,317,050
94$10,151,746$941,638$68,627$9,046,547
95$11,080,840$881,394$0$9,847,963
96$12,101,351$814,848$0$10,733,149
97$13,222,497$741,584$0$11,715,285
98$14,454,435$661,165$0$12,794,489
99$15,808,353$573,127$0$13,980,588
100$17,296,577$476,982$0$15,284,407