Can I retire at age 67 with 1,270,000?

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 $1,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$104,875$103,941$103,030$102,140$101,272$97,873
2 years$51,919$50,952$50,014$49,106$48,225$44,834
3 years$34,269$33,297$32,363$31,463$30,596$27,320
4 years$25,445$24,477$23,552$22,667$21,821$18,685
5 years$20,153$19,190$18,277$17,410$16,588$13,600
6 years$16,625$15,670$14,771$13,923$13,126$10,288
7 years$14,107$13,160$12,274$11,447$10,675$7,987
8 years$12,219$11,281$10,410$9,603$8,856$6,316
9 years$10,751$9,822$8,966$8,179$7,458$5,062
10 years$9,578$8,657$7,817$7,051$6,354$4,100
11 years$8,618$7,707$6,882$6,136$5,465$3,347
12 years$7,819$6,918$6,107$5,382$4,736$2,750
13 years$7,144$6,251$5,456$4,752$4,130$2,271
14 years$6,565$5,682$4,903$4,218$3,620$1,882
15 years$6,064$5,191$4,426$3,762$3,187$1,566
16 years$5,627$4,763$4,013$3,368$2,817$1,306
17 years$5,241$4,386$3,652$3,026$2,498$1,092
18 years$4,898$4,053$3,334$2,727$2,221$914
19 years$4,592$3,756$3,052$2,464$1,980$767
20 years$4,316$3,491$2,801$2,232$1,768$644
21 years$4,068$3,251$2,576$2,026$1,582$541
22 years$3,842$3,035$2,374$1,842$1,418$455
23 years$3,636$2,839$2,192$1,677$1,273$383
24 years$3,447$2,660$2,028$1,530$1,144$323
25 years$3,274$2,496$1,878$1,397$1,030$272
26 years$3,115$2,346$1,742$1,277$928$230
27 years$2,967$2,208$1,617$1,169$836$194
28 years$2,831$2,080$1,503$1,071$755$163
29 years$2,704$1,962$1,399$982$681$138
30 years$2,585$1,853$1,303$902$616$117
31 years$2,475$1,752$1,215$828$557$98
32 years$2,371$1,658$1,134$761$503$83
33 years$2,274$1,570$1,058$700$456$70
34 years$2,183$1,488$989$644$413$59
35 years$2,098$1,411$925$593$374$50
36 years$2,017$1,339$865$546$339$42
37 years$1,941$1,272$810$503$307$36
38 years$1,869$1,209$758$464$278$30
39 years$1,801$1,150$710$427$252$26
40 years$1,736$1,094$666$394$229$22
41 years$1,675$1,041$624$364$208$18
42 years$1,617$992$586$336$188$15
43 years$1,562$945$549$310$171$13
44 years$1,509$901$516$286$155$11
45 years$1,459$859$484$264$141$9
46 years$1,411$819$455$244$128$8
47 years$1,365$782$427$226$116$7
48 years$1,322$746$402$208$105$6
49 years$1,280$713$377$193$96$5
50 years$1,240$681$355$178$87$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,270,000, adding $3,681 every year, while hoping to spend $33,932 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: 63/26/11 Blend
66$1,270,000$1,270,000$1,270,000$1,270,000
67$1,403,337$1,336,027$1,316,342$1,488,011
68$1,510,374$1,365,389$1,324,336$1,574,459
69$1,627,191$1,395,052$1,331,461$1,664,552
70$1,754,751$1,424,996$1,337,651$1,762,077
71$1,894,112$1,455,197$1,342,838$1,867,754
72$2,046,440$1,485,630$1,346,952$1,982,378
73$2,213,017$1,516,266$1,349,915$2,106,823
74$2,395,257$1,547,076$1,351,650$2,242,052
75$2,594,717$1,578,026$1,352,073$2,389,128
76$2,813,107$1,609,079$1,351,097$2,549,221
77$3,052,317$1,640,196$1,348,631$2,723,618
78$3,314,422$1,671,334$1,344,579$2,913,741
79$3,601,711$1,702,448$1,338,840$3,121,153
80$3,916,704$1,733,486$1,331,310$3,347,578
81$4,262,176$1,764,395$1,321,877$3,594,916
82$4,641,184$1,795,117$1,310,427$3,865,261
83$5,057,096$1,825,588$1,296,837$4,160,920
84$5,513,619$1,855,742$1,280,981$4,484,433
85$6,014,840$1,885,505$1,262,725$4,838,604
86$6,565,259$1,914,800$1,241,932$5,226,519
87$7,169,833$1,943,543$1,218,454$5,651,581
88$7,834,024$1,971,644$1,192,140$6,117,541
89$8,563,847$1,999,008$1,162,829$6,628,529
90$9,365,931$2,025,531$1,130,356$7,189,102
91$10,247,578$2,051,103$1,094,544$7,804,279
92$11,216,831$2,075,608$1,055,212$8,479,592
93$12,282,555$2,098,919$1,012,169$9,221,139
94$13,454,513$2,120,904$965,214$10,035,640
95$14,743,463$2,141,418$914,138$10,930,501
96$16,161,259$2,160,311$858,725$11,913,885
97$17,720,960$2,177,418$798,745$12,994,789
98$19,436,955$2,192,569$733,960$14,183,128
99$21,325,098$2,205,578$664,121$15,489,831
100$23,402,857$2,216,251$588,968$16,926,943