Can I retire at age 67 with 1,470,000?

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 $1,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$121,391$120,310$119,255$118,225$117,220$115,278
2 years$60,095$58,975$57,891$56,839$55,819$53,868
3 years$39,665$38,541$37,459$36,417$35,414$33,515
4 years$29,452$28,332$27,261$26,237$25,257$23,425
5 years$23,326$22,212$21,155$20,152$19,200$17,440
6 years$19,244$18,138$17,097$16,116$15,193$13,506
7 years$16,329$15,232$14,207$13,250$12,356$10,743
8 years$14,143$13,057$12,049$11,115$10,250$8,712
9 years$12,444$11,368$10,378$9,467$8,632$7,167
10 years$11,086$10,021$9,048$8,161$7,355$5,961
11 years$9,976$8,921$7,965$7,103$6,326$5,002
12 years$9,051$8,007$7,069$6,230$5,482$4,227
13 years$8,269$7,236$6,316$5,500$4,780$3,592
14 years$7,599$6,577$5,675$4,882$4,190$3,067
15 years$7,020$6,008$5,124$4,354$3,689$2,629
16 years$6,513$5,513$4,645$3,899$3,261$2,261
17 years$6,066$5,077$4,227$3,503$2,891$1,950
18 years$5,669$4,691$3,859$3,157$2,571$1,685
19 years$5,315$4,348$3,532$2,852$2,291$1,460
20 years$4,996$4,040$3,242$2,583$2,047$1,266
21 years$4,708$3,763$2,982$2,345$1,831$1,100
22 years$4,447$3,513$2,748$2,132$1,642$957
23 years$4,208$3,286$2,538$1,942$1,474$834
24 years$3,990$3,078$2,347$1,771$1,325$727
25 years$3,790$2,889$2,174$1,617$1,192$634
26 years$3,605$2,715$2,016$1,479$1,074$553
27 years$3,435$2,555$1,872$1,353$968$483
28 years$3,276$2,408$1,740$1,240$873$422
29 years$3,129$2,271$1,619$1,137$789$369
30 years$2,992$2,145$1,508$1,044$713$323
31 years$2,864$2,028$1,406$958$644$283
32 years$2,745$1,919$1,312$881$583$247
33 years$2,633$1,817$1,225$810$527$217
34 years$2,527$1,722$1,145$745$478$190
35 years$2,428$1,633$1,070$686$433$166
36 years$2,335$1,550$1,001$632$392$146
37 years$2,247$1,473$937$582$355$128
38 years$2,163$1,399$877$537$322$112
39 years$2,084$1,331$822$495$292$98
40 years$2,010$1,266$771$456$265$86
41 years$1,939$1,205$723$421$240$75
42 years$1,872$1,148$678$389$218$66
43 years$1,808$1,094$636$359$198$58
44 years$1,747$1,042$597$331$180$51
45 years$1,689$994$561$306$163$44
46 years$1,633$948$526$283$148$39
47 years$1,580$905$495$261$134$34
48 years$1,530$864$465$241$122$30
49 years$1,481$825$437$223$111$26
50 years$1,435$788$411$206$101$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,470,000, adding $5,949 every year, while hoping to spend $36,183 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: 37/47/16 Blend
66$1,470,000$1,470,000$1,470,000$1,470,000
67$1,626,076$1,548,166$1,525,381$1,678,140
68$1,753,438$1,585,528$1,537,983$1,753,526
69$1,892,577$1,623,508$1,549,795$1,831,018
70$2,044,658$1,662,098$1,560,751$1,913,947
71$2,210,961$1,701,288$1,570,783$2,002,822
72$2,392,896$1,741,068$1,579,821$2,098,199
73$2,592,015$1,781,424$1,587,789$2,200,693
74$2,810,028$1,822,342$1,594,608$2,310,981
75$3,048,818$1,863,803$1,600,194$2,429,807
76$3,310,458$1,905,790$1,604,461$2,557,994
77$3,597,230$1,948,280$1,607,317$2,696,447
78$3,911,651$1,991,248$1,608,665$2,846,162
79$4,256,488$2,034,669$1,608,404$3,008,240
80$4,634,794$2,078,511$1,606,429$3,183,892
81$5,049,927$2,122,742$1,602,628$3,374,453
82$5,505,588$2,167,326$1,596,886$3,581,396
83$6,005,855$2,212,222$1,589,078$3,806,343
84$6,555,218$2,257,386$1,579,078$4,051,082
85$7,158,625$2,302,772$1,566,752$4,317,585
86$7,821,524$2,348,328$1,551,957$4,608,025
87$8,549,920$2,393,996$1,534,548$4,924,798
88$9,350,426$2,439,716$1,514,369$5,270,546
89$10,230,328$2,485,421$1,491,260$5,648,179
90$11,197,655$2,531,040$1,465,050$6,060,908
91$12,261,249$2,576,495$1,435,563$6,512,271
92$13,430,856$2,621,702$1,402,614$7,006,170
93$14,717,209$2,666,572$1,366,008$7,546,906
94$16,132,138$2,711,007$1,325,542$8,139,219
95$17,688,673$2,754,903$1,281,004$8,788,338
96$19,401,173$2,798,148$1,232,173$9,500,024
97$21,285,457$2,840,623$1,178,816$10,280,632
98$23,358,958$2,882,198$1,120,691$11,137,164
99$25,640,881$2,922,735$1,057,543$12,077,343
100$28,152,389$2,962,086$989,109$13,109,680