Can I retire at age 67 with 1,260,000?

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 $1,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$104,050$103,123$102,219$101,336$100,474$99,883
2 years$51,510$50,550$49,621$48,719$47,845$47,248
3 years$33,999$33,035$32,108$31,215$30,355$29,771
4 years$25,245$24,284$23,366$22,489$21,649$21,084
5 years$19,994$19,039$18,133$17,273$16,457$15,911
6 years$16,495$15,547$14,654$13,814$13,022$12,496
7 years$13,996$13,056$12,178$11,357$10,591$10,085
8 years$12,123$11,192$10,328$9,527$8,786$8,300
9 years$10,667$9,744$8,895$8,115$7,399$6,934
10 years$9,502$8,589$7,755$6,995$6,304$5,859
11 years$8,551$7,646$6,827$6,088$5,422$4,996
12 years$7,758$6,863$6,059$5,340$4,699$4,292
13 years$7,088$6,202$5,414$4,714$4,097$3,710
14 years$6,514$5,638$4,864$4,185$3,592$3,223
15 years$6,017$5,150$4,392$3,732$3,162$2,812
16 years$5,582$4,725$3,982$3,342$2,795$2,462
17 years$5,199$4,352$3,623$3,003$2,478$2,162
18 years$4,859$4,021$3,307$2,706$2,203$1,904
19 years$4,555$3,727$3,028$2,445$1,964$1,680
20 years$4,282$3,463$2,779$2,214$1,754$1,486
21 years$4,036$3,226$2,556$2,010$1,570$1,316
22 years$3,811$3,011$2,356$1,827$1,407$1,168
23 years$3,607$2,816$2,175$1,664$1,263$1,037
24 years$3,420$2,639$2,012$1,518$1,135$923
25 years$3,248$2,476$1,863$1,386$1,022$821
26 years$3,090$2,327$1,728$1,267$920$732
27 years$2,944$2,190$1,605$1,160$830$653
28 years$2,808$2,064$1,492$1,063$749$582
29 years$2,682$1,947$1,388$975$676$520
30 years$2,565$1,839$1,293$895$611$465
31 years$2,455$1,738$1,205$822$552$415
32 years$2,353$1,645$1,125$755$500$372
33 years$2,256$1,558$1,050$694$452$332
34 years$2,166$1,476$981$639$409$298
35 years$2,081$1,400$917$588$371$266
36 years$2,001$1,329$858$542$336$239
37 years$1,926$1,262$803$499$304$214
38 years$1,854$1,200$752$460$276$191
39 years$1,787$1,141$705$424$250$172
40 years$1,723$1,085$660$391$227$154
41 years$1,662$1,033$619$361$206$138
42 years$1,604$984$581$333$187$124
43 years$1,549$937$545$307$170$111
44 years$1,497$894$512$284$154$99
45 years$1,447$852$480$262$140$89
46 years$1,400$813$451$242$127$80
47 years$1,355$776$424$224$115$72
48 years$1,311$740$398$207$105$64
49 years$1,270$707$374$191$95$58
50 years$1,230$675$352$177$86$52

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,260,000, adding $6,865 every year, while hoping to spend $30,168 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: 43/37/20 Blend
66$1,260,000$1,260,000$1,260,000$1,260,000
67$1,395,601$1,328,821$1,309,291$1,447,219
68$1,505,854$1,361,835$1,321,054$1,517,400
69$1,626,342$1,395,455$1,332,200$1,589,916
70$1,758,076$1,429,680$1,342,676$1,667,861
71$1,902,171$1,464,506$1,352,427$1,751,748
72$2,059,855$1,499,929$1,361,395$1,842,146
73$2,232,477$1,535,942$1,369,519$1,939,681
74$2,421,526$1,572,540$1,376,735$2,045,041
75$2,628,641$1,609,713$1,382,974$2,158,986
76$2,855,624$1,647,452$1,388,166$2,282,351
77$3,104,465$1,685,743$1,392,236$2,416,059
78$3,377,350$1,724,575$1,395,106$2,561,125
79$3,676,691$1,763,930$1,396,693$2,718,669
80$4,005,142$1,803,792$1,396,911$2,889,923
81$4,365,629$1,844,139$1,395,670$3,076,247
82$4,761,372$1,884,951$1,392,874$3,279,140
83$5,195,919$1,926,202$1,388,423$3,500,253
84$5,673,181$1,967,863$1,382,213$3,741,405
85$6,197,463$2,009,906$1,374,134$4,004,604
86$6,773,508$2,052,295$1,364,072$4,292,059
87$7,406,543$2,094,995$1,351,905$4,606,208
88$8,102,325$2,137,964$1,337,509$4,949,738
89$8,867,196$2,181,158$1,320,749$5,325,610
90$9,708,145$2,224,530$1,301,490$5,737,089
91$10,632,870$2,268,027$1,279,584$6,187,771
92$11,649,854$2,311,591$1,254,881$6,681,623
93$12,768,442$2,355,162$1,227,222$7,223,017
94$13,998,930$2,398,672$1,196,442$7,816,773
95$15,352,664$2,442,050$1,162,365$8,468,201
96$16,842,142$2,485,217$1,124,811$9,183,158
97$18,481,138$2,528,090$1,083,589$9,968,097
98$20,284,826$2,570,578$1,038,501$10,830,135
99$22,269,926$2,612,584$989,339$11,777,112
100$24,454,862$2,654,004$935,885$12,817,675