Can I retire at age 67 with 1,370,000?

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 $1,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$113,133$112,126$111,142$110,183$109,246$107,881
2 years$56,007$54,964$53,953$52,972$52,022$50,648
3 years$36,967$35,919$34,911$33,940$33,005$31,665
4 years$27,449$26,404$25,406$24,452$23,539$22,244
5 years$21,740$20,701$19,716$18,781$17,894$16,648
6 years$17,935$16,904$15,934$15,020$14,159$12,962
7 years$15,218$14,196$13,241$12,348$11,515$10,368
8 years$13,181$12,169$11,229$10,359$9,553$8,456
9 years$11,598$10,595$9,672$8,823$8,045$6,998
10 years$10,332$9,339$8,432$7,606$6,855$5,857
11 years$9,297$8,314$7,424$6,619$5,895$4,945
12 years$8,435$7,462$6,588$5,806$5,109$4,206
13 years$7,706$6,744$5,886$5,126$4,455$3,598
14 years$7,082$6,130$5,289$4,550$3,905$3,093
15 years$6,542$5,600$4,775$4,058$3,438$2,669
16 years$6,070$5,138$4,329$3,633$3,039$2,311
17 years$5,653$4,732$3,939$3,265$2,694$2,007
18 years$5,284$4,372$3,596$2,942$2,396$1,748
19 years$4,953$4,052$3,292$2,658$2,135$1,525
20 years$4,656$3,765$3,021$2,408$1,907$1,333
21 years$4,388$3,507$2,779$2,185$1,707$1,167
22 years$4,144$3,274$2,561$1,987$1,530$1,023
23 years$3,922$3,062$2,365$1,809$1,373$897
24 years$3,719$2,869$2,187$1,650$1,234$788
25 years$3,532$2,692$2,026$1,507$1,111$693
26 years$3,360$2,530$1,879$1,378$1,001$610
27 years$3,201$2,381$1,745$1,261$902$537
28 years$3,053$2,244$1,622$1,156$814$473
29 years$2,916$2,117$1,509$1,060$735$417
30 years$2,789$1,999$1,406$973$664$368
31 years$2,670$1,890$1,311$893$600$325
32 years$2,558$1,788$1,223$821$543$287
33 years$2,453$1,693$1,142$755$492$253
34 years$2,355$1,605$1,067$695$445$223
35 years$2,263$1,522$997$639$403$197
36 years$2,176$1,445$933$589$365$174
37 years$2,094$1,372$873$543$331$154
38 years$2,016$1,304$818$500$300$136
39 years$1,943$1,240$766$461$272$120
40 years$1,873$1,180$718$425$247$106
41 years$1,807$1,123$673$392$224$94
42 years$1,744$1,070$632$362$203$83
43 years$1,685$1,019$593$334$184$74
44 years$1,628$972$556$309$167$65
45 years$1,574$926$522$285$152$58
46 years$1,522$884$491$263$138$51
47 years$1,473$843$461$243$125$45
48 years$1,426$805$433$225$114$40
49 years$1,381$769$407$208$103$35
50 years$1,338$734$383$192$94$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,370,000, adding $3,582 every year, while hoping to spend $57,307 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: 49/30/21 Blend
66$1,370,000$1,370,000$1,370,000$1,370,000
67$1,513,435$1,440,825$1,419,590$1,578,488
68$1,606,831$1,450,451$1,406,172$1,633,675
69$1,707,833$1,458,628$1,390,384$1,687,498
70$1,817,156$1,465,225$1,372,086$1,744,777
71$1,935,586$1,470,101$1,351,131$1,805,860
72$2,063,988$1,473,109$1,327,366$1,871,135
73$2,203,313$1,474,089$1,300,631$1,941,029
74$2,354,606$1,472,874$1,270,757$2,016,019
75$2,519,017$1,469,287$1,237,569$2,096,632
76$2,697,812$1,463,137$1,200,883$2,183,452
77$2,892,383$1,454,225$1,160,506$2,277,124
78$3,104,260$1,442,336$1,116,237$2,378,367
79$3,335,130$1,427,246$1,067,867$2,487,973
80$3,586,848$1,408,715$1,015,174$2,606,821
81$3,861,453$1,386,489$957,930$2,735,884
82$4,161,194$1,360,300$895,893$2,876,239
83$4,488,544$1,329,862$828,813$3,029,076
84$4,846,224$1,294,875$756,428$3,195,715
85$5,237,234$1,255,018$678,463$3,377,615
86$5,664,872$1,209,955$594,632$3,576,388
87$6,132,773$1,159,326$504,636$3,793,821
88$6,644,937$1,102,755$408,163$4,031,887
89$7,205,771$1,039,840$304,886$4,292,768
90$7,820,126$970,158$194,466$4,578,878
91$8,493,345$893,262$76,547$4,892,883
92$9,231,313$808,678$0$5,237,733
93$10,040,510$715,907$0$5,627,731
94$10,928,075$614,419$0$6,074,454
95$11,901,869$503,657$0$6,564,801
96$12,970,554$383,030$0$7,103,263
97$14,143,667$251,915$0$7,694,794
98$15,431,716$109,654$0$8,344,859
99$16,846,276$0$0$9,059,489
100$18,400,098$0$0$9,860,012