Can I retire at age 67 with 1,450,000?

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 $1,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$119,740$118,673$117,632$116,617$115,625$115,041
2 years$59,277$58,173$57,103$56,066$55,060$54,470
3 years$39,125$38,017$36,950$35,922$34,932$34,356
4 years$29,052$27,946$26,890$25,880$24,914$24,355
5 years$23,009$21,910$20,868$19,878$18,939$18,399
6 years$18,982$17,891$16,864$15,897$14,986$14,465
7 years$16,106$15,025$14,014$13,070$12,188$11,687
8 years$13,951$12,879$11,885$10,964$10,111$9,630
9 years$12,275$11,214$10,237$9,339$8,515$8,054
10 years$10,935$9,884$8,925$8,050$7,255$6,814
11 years$9,840$8,799$7,857$7,006$6,239$5,818
12 years$8,928$7,898$6,973$6,145$5,407$5,004
13 years$8,156$7,137$6,230$5,425$4,715$4,331
14 years$7,496$6,488$5,598$4,816$4,133$3,767
15 years$6,924$5,927$5,054$4,295$3,639$3,291
16 years$6,424$5,438$4,582$3,846$3,216$2,885
17 years$5,983$5,008$4,169$3,455$2,852$2,537
18 years$5,592$4,627$3,806$3,114$2,536$2,237
19 years$5,242$4,289$3,484$2,814$2,260$1,977
20 years$4,928$3,985$3,198$2,548$2,019$1,751
21 years$4,644$3,712$2,941$2,313$1,807$1,553
22 years$4,386$3,465$2,711$2,103$1,619$1,380
23 years$4,151$3,241$2,503$1,915$1,454$1,228
24 years$3,936$3,036$2,315$1,747$1,307$1,094
25 years$3,738$2,850$2,144$1,595$1,176$975
26 years$3,556$2,678$1,989$1,459$1,059$870
27 years$3,388$2,520$1,846$1,335$955$777
28 years$3,232$2,375$1,717$1,223$862$695
29 years$3,087$2,241$1,597$1,122$778$622
30 years$2,952$2,116$1,488$1,029$703$556
31 years$2,825$2,000$1,387$945$635$498
32 years$2,707$1,893$1,294$869$575$446
33 years$2,597$1,792$1,208$799$520$400
34 years$2,493$1,699$1,129$735$471$358
35 years$2,395$1,611$1,056$677$427$321
36 years$2,303$1,529$988$623$387$288
37 years$2,216$1,453$924$574$350$259
38 years$2,134$1,380$866$529$318$232
39 years$2,056$1,313$811$488$288$208
40 years$1,982$1,249$760$450$261$187
41 years$1,912$1,189$713$415$237$168
42 years$1,846$1,132$669$383$215$151
43 years$1,783$1,079$627$354$195$136
44 years$1,723$1,028$589$327$177$122
45 years$1,666$981$553$302$161$109
46 years$1,611$935$519$279$146$98
47 years$1,559$893$488$257$133$88
48 years$1,509$852$458$238$120$79
49 years$1,461$814$431$220$109$71
50 years$1,416$777$405$203$99$64

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,450,000, adding $5,026 every year, while hoping to spend $24,131 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: 26/44/30 Blend
66$1,450,000$1,450,000$1,450,000$1,450,000
67$1,603,084$1,526,234$1,503,759$1,629,704
68$1,740,924$1,575,345$1,528,460$1,701,317
69$1,892,014$1,626,053$1,553,180$1,775,723
70$2,057,681$1,678,411$1,577,893$1,855,068
71$2,239,386$1,732,474$1,602,573$1,939,786
72$2,438,737$1,788,299$1,627,193$2,030,355
73$2,657,506$1,845,944$1,651,722$2,127,302
74$2,897,645$1,905,469$1,676,129$2,231,203
75$3,161,305$1,966,936$1,700,378$2,342,693
76$3,450,852$2,030,411$1,724,436$2,462,469
77$3,768,897$2,095,959$1,748,262$2,591,297
78$4,118,314$2,163,650$1,771,818$2,730,021
79$4,502,268$2,233,554$1,795,060$2,879,567
80$4,924,247$2,305,747$1,817,943$3,040,955
81$5,388,096$2,380,304$1,840,419$3,215,306
82$5,898,046$2,457,303$1,862,438$3,403,854
83$6,458,763$2,536,827$1,883,945$3,607,956
84$7,075,385$2,618,960$1,904,886$3,829,108
85$7,753,574$2,703,789$1,925,199$4,068,951
86$8,499,568$2,791,404$1,944,823$4,329,297
87$9,320,240$2,881,899$1,963,691$4,612,137
88$10,223,163$2,975,370$1,981,733$4,919,664
89$11,216,680$3,071,918$1,998,875$5,254,291
90$12,309,985$3,171,645$2,015,041$5,618,677
91$13,513,206$3,274,659$2,030,147$6,015,748
92$14,837,506$3,381,069$2,044,110$6,448,727
93$16,295,181$3,490,992$2,056,838$6,921,161
94$17,899,784$3,604,544$2,068,236$7,436,959
95$19,666,244$3,721,849$2,078,204$8,000,424
96$21,611,015$3,843,034$2,086,638$8,616,298
97$23,752,225$3,968,229$2,093,427$9,289,799
98$26,109,850$4,097,571$2,098,455$10,026,680
99$28,705,903$4,231,200$2,101,601$10,833,273
100$31,564,638$4,369,261$2,102,737$11,716,556