Can I retire at age 67 with 1,340,000?

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 $1,340,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$110,656$109,670$108,709$107,770$106,853$104,398
2 years$54,780$53,760$52,771$51,813$50,883$48,422
3 years$36,157$35,133$34,146$33,197$32,282$29,893
4 years$26,848$25,826$24,850$23,916$23,024$20,726
5 years$21,263$20,248$19,285$18,370$17,502$15,301
6 years$17,542$16,534$15,585$14,691$13,849$11,747
7 years$14,885$13,885$12,951$12,078$11,263$9,260
8 years$12,893$11,902$10,983$10,132$9,344$7,440
9 years$11,344$10,363$9,460$8,630$7,869$6,062
10 years$10,106$9,135$8,248$7,439$6,705$4,993
11 years$9,093$8,132$7,261$6,474$5,766$4,148
12 years$8,250$7,299$6,444$5,679$4,997$3,469
13 years$7,538$6,596$5,757$5,014$4,357$2,917
14 years$6,927$5,996$5,173$4,451$3,820$2,464
15 years$6,399$5,477$4,670$3,969$3,363$2,089
16 years$5,937$5,025$4,234$3,554$2,972$1,776
17 years$5,529$4,628$3,853$3,193$2,635$1,514
18 years$5,168$4,276$3,517$2,878$2,343$1,293
19 years$4,845$3,963$3,220$2,600$2,089$1,107
20 years$4,554$3,683$2,955$2,355$1,866$949
21 years$4,292$3,430$2,718$2,137$1,670$815
22 years$4,053$3,202$2,505$1,943$1,496$700
23 years$3,836$2,995$2,313$1,770$1,343$602
24 years$3,637$2,806$2,139$1,614$1,207$518
25 years$3,455$2,633$1,981$1,474$1,086$446
26 years$3,286$2,475$1,838$1,348$979$385
27 years$3,131$2,329$1,706$1,234$882$332
28 years$2,987$2,195$1,586$1,130$796$286
29 years$2,853$2,071$1,476$1,037$719$247
30 years$2,728$1,955$1,375$951$650$213
31 years$2,611$1,849$1,282$874$587$184
32 years$2,502$1,749$1,196$803$531$159
33 years$2,400$1,656$1,117$738$481$137
34 years$2,304$1,570$1,043$679$435$119
35 years$2,213$1,489$976$625$394$103
36 years$2,128$1,413$913$576$357$89
37 years$2,048$1,342$854$531$324$77
38 years$1,972$1,276$800$489$294$66
39 years$1,900$1,213$749$451$266$57
40 years$1,832$1,154$702$416$241$50
41 years$1,767$1,099$659$384$219$43
42 years$1,706$1,046$618$354$199$37
43 years$1,648$997$580$327$180$32
44 years$1,592$950$544$302$164$28
45 years$1,539$906$511$279$149$24
46 years$1,489$864$480$258$135$21
47 years$1,441$825$451$238$123$18
48 years$1,394$788$424$220$111$15
49 years$1,350$752$398$203$101$13
50 years$1,308$718$374$188$92$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,340,000, adding $5,221 every year, while hoping to spend $58,628 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: 59/11/30 Blend
66$1,340,000$1,340,000$1,340,000$1,340,000
67$1,482,065$1,411,045$1,390,275$1,557,078
68$1,570,856$1,417,807$1,374,470$1,615,812
69$1,666,739$1,422,935$1,356,170$1,673,219
70$1,770,375$1,426,287$1,335,230$1,734,649
71$1,882,491$1,427,713$1,311,498$1,800,509
72$2,003,886$1,427,052$1,284,814$1,871,251
73$2,135,439$1,424,134$1,255,012$1,947,376
74$2,278,116$1,418,779$1,221,917$2,029,436
75$2,432,979$1,410,794$1,185,347$2,118,044
76$2,601,197$1,399,977$1,145,110$2,213,876
77$2,784,055$1,386,112$1,101,007$2,317,683
78$2,982,966$1,368,969$1,052,828$2,430,292
79$3,199,487$1,348,307$1,000,357$2,552,619
80$3,435,330$1,323,869$943,363$2,685,678
81$3,692,377$1,295,382$881,610$2,830,586
82$3,972,702$1,262,559$814,847$2,988,583
83$4,278,588$1,225,094$742,814$3,161,036
84$4,612,544$1,182,664$665,238$3,349,457
85$4,977,337$1,134,928$581,837$3,555,515
86$5,376,009$1,081,523$492,313$3,781,056
87$5,811,913$1,022,068$396,356$4,028,119
88$6,288,736$956,157$293,641$4,298,956
89$6,810,541$883,363$183,833$4,596,054
90$7,381,801$803,233$66,576$4,922,159
91$8,007,443$715,290$0$5,280,307
92$8,692,890$619,027$0$5,692,589
93$9,444,116$513,910$0$6,167,922
94$10,267,701$399,377$0$6,689,184
95$11,170,890$274,830$0$7,261,017
96$12,161,665$139,641$0$7,888,535
97$13,248,816$0$0$8,577,377
98$14,442,027$0$0$9,334,586
99$15,751,962$0$0$10,184,537
100$17,190,372$0$0$11,117,965