Can I retire at age 67 with 1,460,000?

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 $1,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$120,565$119,492$118,444$117,421$116,422$114,635
2 years$59,686$58,574$57,497$56,452$55,439$53,643
3 years$39,395$38,279$37,204$36,170$35,173$33,424
4 years$29,252$28,139$27,075$26,058$25,086$23,397
5 years$23,168$22,061$21,011$20,015$19,070$17,446
6 years$19,113$18,015$16,980$16,006$15,089$13,533
7 years$16,217$15,129$14,111$13,160$12,272$10,782
8 years$14,047$12,968$11,967$11,039$10,180$8,759
9 years$12,360$11,291$10,307$9,403$8,573$7,218
10 years$11,011$9,953$8,986$8,106$7,305$6,015
11 years$9,908$8,860$7,911$7,054$6,283$5,057
12 years$8,989$7,952$7,021$6,188$5,444$4,282
13 years$8,213$7,187$6,273$5,463$4,748$3,646
14 years$7,548$6,532$5,636$4,849$4,162$3,119
15 years$6,972$5,968$5,089$4,325$3,664$2,679
16 years$6,468$5,475$4,614$3,872$3,238$2,309
17 years$6,025$5,042$4,198$3,479$2,871$1,996
18 years$5,631$4,659$3,832$3,135$2,553$1,729
19 years$5,279$4,318$3,508$2,833$2,276$1,500
20 years$4,962$4,013$3,220$2,566$2,033$1,305
21 years$4,676$3,738$2,962$2,329$1,819$1,136
22 years$4,416$3,489$2,730$2,117$1,631$991
23 years$4,180$3,263$2,520$1,928$1,464$865
24 years$3,963$3,057$2,331$1,759$1,316$755
25 years$3,764$2,869$2,159$1,606$1,184$661
26 years$3,581$2,697$2,002$1,469$1,066$578
27 years$3,411$2,538$1,859$1,344$961$506
28 years$3,254$2,391$1,728$1,232$867$443
29 years$3,108$2,256$1,608$1,129$783$389
30 years$2,972$2,131$1,498$1,037$708$341
31 years$2,845$2,014$1,397$952$640$299
32 years$2,726$1,906$1,303$875$579$262
33 years$2,615$1,805$1,217$805$524$230
34 years$2,510$1,710$1,137$740$474$202
35 years$2,412$1,622$1,063$681$430$178
36 years$2,319$1,540$994$628$389$156
37 years$2,231$1,463$931$578$353$137
38 years$2,149$1,390$872$533$320$120
39 years$2,070$1,322$817$491$290$106
40 years$1,996$1,257$765$453$263$93
41 years$1,926$1,197$718$418$239$82
42 years$1,859$1,140$673$386$217$72
43 years$1,795$1,086$632$356$197$63
44 years$1,735$1,035$593$329$178$55
45 years$1,677$987$557$304$162$49
46 years$1,622$942$523$281$147$43
47 years$1,570$899$491$259$134$38
48 years$1,519$858$462$240$121$33
49 years$1,471$819$434$221$110$29
50 years$1,425$783$408$205$100$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,460,000, adding $6,309 every year, while hoping to spend $41,894 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: 25/49/26 Blend
66$1,460,000$1,460,000$1,460,000$1,460,000
67$1,615,428$1,538,048$1,515,418$1,642,451
68$1,735,626$1,568,837$1,521,609$1,696,030
69$1,866,681$1,599,731$1,526,604$1,749,439
70$2,009,656$1,630,691$1,530,318$1,805,824
71$2,165,719$1,661,673$1,532,663$1,865,462
72$2,336,160$1,692,633$1,533,544$1,928,659
73$2,522,397$1,723,520$1,532,866$1,995,754
74$2,725,990$1,754,281$1,530,526$2,067,122
75$2,948,658$1,784,858$1,526,416$2,143,178
76$3,192,293$1,815,189$1,520,423$2,224,381
77$3,458,980$1,845,206$1,512,430$2,311,239
78$3,751,013$1,874,838$1,502,314$2,404,315
79$4,070,919$1,904,007$1,489,944$2,504,230
80$4,421,480$1,932,631$1,475,184$2,611,671
81$4,805,761$1,960,620$1,457,893$2,727,400
82$5,227,137$1,987,879$1,437,921$2,852,256
83$5,689,327$2,014,306$1,415,112$2,987,170
84$6,196,423$2,039,793$1,389,304$3,133,171
85$6,752,938$2,064,222$1,360,325$3,291,395
86$7,363,837$2,087,469$1,327,996$3,463,098
87$8,034,595$2,109,401$1,292,130$3,649,671
88$8,771,239$2,129,877$1,252,532$3,852,648
89$9,580,410$2,148,745$1,208,996$4,073,726
90$10,469,423$2,165,845$1,161,308$4,314,781
91$11,446,337$2,181,005$1,109,245$4,577,885
92$12,520,031$2,194,042$1,052,573$4,865,328
93$13,700,286$2,204,762$991,046$5,179,637
94$14,997,879$2,212,958$924,409$5,523,609
95$16,424,681$2,218,412$852,396$5,900,328
96$17,993,773$2,220,888$774,725$6,313,204
97$19,719,566$2,220,140$691,107$6,766,001
98$21,617,939$2,215,904$601,236$7,262,877
99$23,706,385$2,207,900$504,794$7,808,422
100$26,004,181$2,195,831$401,449$8,407,706