Can I retire at age 67 with 1,420,000?

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 $1,420,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$117,262$116,218$115,199$114,204$113,233$112,425
2 years$58,051$56,969$55,922$54,906$53,920$53,106
3 years$38,316$37,230$36,185$35,179$34,209$33,413
4 years$28,451$27,368$26,333$25,344$24,398$23,627
5 years$22,533$21,457$20,436$19,467$18,547$17,803
6 years$18,589$17,521$16,515$15,568$14,676$13,959
7 years$15,773$14,714$13,724$12,799$11,935$11,247
8 years$13,662$12,613$11,639$10,737$9,902$9,241
9 years$12,021$10,982$10,025$9,145$8,339$7,706
10 years$10,709$9,680$8,740$7,883$7,105$6,500
11 years$9,636$8,617$7,694$6,861$6,110$5,533
12 years$8,743$7,735$6,829$6,018$5,295$4,744
13 years$7,988$6,990$6,101$5,313$4,617$4,093
14 years$7,341$6,354$5,482$4,716$4,048$3,548
15 years$6,781$5,804$4,949$4,206$3,564$3,089
16 years$6,291$5,325$4,487$3,766$3,150$2,699
17 years$5,860$4,904$4,083$3,384$2,793$2,366
18 years$5,476$4,532$3,727$3,049$2,483$2,079
19 years$5,134$4,200$3,412$2,755$2,213$1,831
20 years$4,826$3,903$3,132$2,496$1,977$1,615
21 years$4,548$3,635$2,880$2,265$1,769$1,428
22 years$4,295$3,393$2,655$2,059$1,586$1,264
23 years$4,065$3,174$2,451$1,875$1,424$1,120
24 years$3,855$2,974$2,267$1,711$1,280$994
25 years$3,661$2,791$2,100$1,562$1,151$883
26 years$3,483$2,623$1,947$1,428$1,037$785
27 years$3,318$2,468$1,808$1,307$935$698
28 years$3,165$2,326$1,681$1,198$844$622
29 years$3,023$2,194$1,564$1,098$762$554
30 years$2,891$2,072$1,457$1,008$688$494
31 years$2,767$1,959$1,358$926$622$440
32 years$2,651$1,854$1,267$851$563$393
33 years$2,543$1,755$1,183$782$509$351
34 years$2,441$1,664$1,106$720$461$313
35 years$2,346$1,578$1,034$663$418$279
36 years$2,255$1,498$967$610$379$250
37 years$2,170$1,422$905$562$343$223
38 years$2,090$1,352$848$518$311$199
39 years$2,014$1,285$794$478$282$178
40 years$1,941$1,223$744$441$256$159
41 years$1,873$1,164$698$407$232$142
42 years$1,808$1,109$655$375$211$127
43 years$1,746$1,056$614$347$191$114
44 years$1,687$1,007$577$320$173$102
45 years$1,631$960$541$295$158$91
46 years$1,578$916$509$273$143$82
47 years$1,527$874$478$252$130$73
48 years$1,478$835$449$233$118$65
49 years$1,431$797$422$215$107$58
50 years$1,386$761$397$199$97$52

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,420,000, adding $4,445 every year, while hoping to spend $22,977 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: 43/41/16 Blend
66$1,420,000$1,420,000$1,420,000$1,420,000
67$1,569,425$1,494,165$1,472,155$1,629,431
68$1,705,059$1,542,932$1,497,025$1,720,801
69$1,853,758$1,593,318$1,521,958$1,817,110
70$2,016,829$1,645,379$1,546,932$1,920,959
71$2,195,714$1,699,171$1,571,923$2,033,051
72$2,392,001$1,754,754$1,596,906$2,154,158
73$2,607,437$1,812,189$1,621,854$2,285,133
74$2,843,948$1,871,539$1,646,739$2,426,909
75$3,103,656$1,932,869$1,671,529$2,580,515
76$3,388,897$1,996,248$1,696,194$2,747,083
77$3,702,246$2,061,745$1,720,697$2,927,857
78$4,046,538$2,129,434$1,745,004$3,124,205
79$4,424,898$2,199,389$1,769,075$3,337,635
80$4,840,767$2,271,689$1,792,869$3,569,804
81$5,297,938$2,346,415$1,816,342$3,822,537
82$5,800,588$2,423,649$1,839,450$4,097,841
83$6,353,319$2,503,479$1,862,143$4,397,927
84$6,961,203$2,585,995$1,884,369$4,725,228
85$7,629,825$2,671,289$1,906,076$5,082,423
86$8,365,343$2,759,457$1,927,205$5,472,460
87$9,174,538$2,850,600$1,947,696$5,898,586
88$10,064,882$2,944,821$1,967,485$6,364,377
89$11,044,609$3,042,227$1,986,505$6,873,768
90$12,122,792$3,142,928$2,004,685$7,431,095
91$13,309,425$3,247,040$2,021,951$8,041,132
92$14,615,524$3,354,682$2,038,224$8,709,135
93$16,053,223$3,465,978$2,053,420$9,440,896
94$17,635,896$3,581,055$2,067,454$10,242,791
95$19,378,277$3,700,046$2,080,233$11,121,845
96$21,296,601$3,823,088$2,091,661$12,085,794
97$23,408,759$3,950,324$2,101,636$13,143,161
98$25,734,464$4,081,902$2,110,053$14,303,333
99$28,295,439$4,217,974$2,116,799$15,576,651
100$31,115,619$4,358,700$2,121,756$16,974,505