Can I retire at age 67 with 1,400,000?

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 $1,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$115,611$114,581$113,576$112,596$111,638$108,807
2 years$57,233$56,167$55,134$54,132$53,161$50,327
3 years$37,776$36,706$35,675$34,683$33,727$30,979
4 years$28,050$26,983$25,963$24,987$24,055$21,413
5 years$22,216$21,155$20,148$19,193$18,286$15,759
6 years$18,327$17,274$16,283$15,349$14,469$12,059
7 years$15,551$14,507$13,531$12,619$11,767$9,474
8 years$13,470$12,435$11,475$10,586$9,762$7,585
9 years$11,852$10,827$9,884$9,017$8,221$6,158
10 years$10,558$9,544$8,617$7,772$7,005$5,053
11 years$9,501$8,496$7,586$6,764$6,024$4,182
12 years$8,620$7,626$6,732$5,933$5,221$3,484
13 years$7,875$6,891$6,015$5,238$4,552$2,917
14 years$7,237$6,264$5,405$4,650$3,991$2,454
15 years$6,685$5,722$4,880$4,147$3,514$2,072
16 years$6,203$5,250$4,424$3,713$3,105$1,754
17 years$5,777$4,835$4,026$3,336$2,753$1,489
18 years$5,399$4,468$3,675$3,007$2,448$1,266
19 years$5,062$4,141$3,364$2,717$2,182$1,079
20 years$4,758$3,848$3,088$2,460$1,949$921
21 years$4,484$3,584$2,840$2,233$1,744$787
22 years$4,235$3,346$2,617$2,030$1,563$673
23 years$4,008$3,129$2,417$1,849$1,403$576
24 years$3,800$2,932$2,235$1,686$1,261$493
25 years$3,609$2,751$2,070$1,540$1,135$423
26 years$3,434$2,586$1,920$1,408$1,022$363
27 years$3,271$2,434$1,783$1,289$922$311
28 years$3,120$2,293$1,657$1,181$832$267
29 years$2,980$2,163$1,542$1,083$751$230
30 years$2,850$2,043$1,437$994$679$197
31 years$2,728$1,931$1,339$913$614$169
32 years$2,614$1,827$1,250$839$555$146
33 years$2,507$1,731$1,167$771$502$125
34 years$2,407$1,640$1,090$710$455$108
35 years$2,312$1,556$1,019$653$412$93
36 years$2,224$1,477$953$602$373$80
37 years$2,140$1,402$892$554$338$68
38 years$2,060$1,333$836$511$307$59
39 years$1,985$1,267$783$471$278$51
40 years$1,914$1,206$734$435$252$44
41 years$1,847$1,148$688$401$229$37
42 years$1,782$1,093$646$370$208$32
43 years$1,721$1,042$606$342$188$28
44 years$1,663$993$569$315$171$24
45 years$1,608$947$534$291$155$21
46 years$1,555$903$501$269$141$18
47 years$1,505$862$471$249$128$15
48 years$1,457$823$443$230$116$13
49 years$1,411$786$416$212$106$11
50 years$1,367$751$391$196$96$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,400,000, adding $5,358 every year, while hoping to spend $25,942 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: 45/26/29 Blend
66$1,400,000$1,400,000$1,400,000$1,400,000
67$1,548,327$1,474,127$1,452,427$1,604,805
68$1,678,654$1,518,757$1,473,481$1,690,181
69$1,821,405$1,564,704$1,494,371$1,779,824
70$1,977,820$1,612,007$1,515,064$1,876,555
71$2,149,264$1,660,701$1,535,525$1,981,050
72$2,337,241$1,710,828$1,555,718$2,094,057
73$2,543,408$1,762,426$1,575,602$2,216,395
74$2,769,588$1,815,538$1,595,137$2,348,968
75$3,017,792$1,870,205$1,614,280$2,492,771
76$3,290,231$1,926,470$1,632,983$2,648,899
77$3,589,346$1,984,378$1,651,199$2,818,559
78$3,917,820$2,043,973$1,668,875$3,003,080
79$4,278,614$2,105,304$1,685,958$3,203,926
80$4,674,985$2,168,416$1,702,391$3,422,708
81$5,110,525$2,233,360$1,718,112$3,661,204
82$5,589,188$2,300,185$1,733,059$3,921,367
83$6,115,333$2,368,942$1,747,164$4,205,355
84$6,693,761$2,439,683$1,760,358$4,515,540
85$7,329,760$2,512,463$1,772,565$4,854,538
86$8,029,157$2,587,336$1,783,708$5,225,230
87$8,798,374$2,664,358$1,793,705$5,630,792
88$9,644,483$2,743,587$1,802,469$6,074,720
89$10,575,279$2,825,081$1,809,910$6,560,869
90$11,599,348$2,908,901$1,815,933$7,093,486
91$12,726,153$2,995,108$1,820,438$7,677,248
92$13,966,117$3,083,764$1,823,319$8,317,311
93$15,330,727$3,174,935$1,824,466$9,019,356
94$16,832,639$3,268,685$1,823,764$9,789,642
95$18,485,799$3,365,081$1,821,090$10,635,067
96$20,305,572$3,464,192$1,816,319$11,563,231
97$22,308,891$3,566,087$1,809,316$12,582,510
98$24,514,410$3,670,838$1,799,941$13,702,134
99$26,942,688$3,778,518$1,788,047$14,932,271
100$29,616,377$3,889,199$1,773,480$16,284,130