Can I retire at age 67 with 1,480,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$122,217$121,128$120,066$119,030$118,017$113,514
2 years$60,503$59,377$58,285$57,226$56,199$51,715
3 years$39,935$38,803$37,714$36,665$35,655$31,331
4 years$29,653$28,525$27,446$26,415$25,429$21,299
5 years$23,485$22,364$21,299$20,289$19,331$15,405
6 years$19,375$18,262$17,213$16,226$15,296$11,576
7 years$16,440$15,336$14,304$13,340$12,440$8,926
8 years$14,239$13,146$12,131$11,191$10,320$7,008
9 years$12,529$11,446$10,448$9,532$8,691$5,576
10 years$11,162$10,089$9,109$8,217$7,405$4,482
11 years$10,044$8,982$8,020$7,151$6,369$3,631
12 years$9,112$8,061$7,117$6,272$5,519$2,959
13 years$8,325$7,285$6,359$5,537$4,813$2,423
14 years$7,651$6,622$5,713$4,916$4,219$1,992
15 years$7,067$6,049$5,158$4,384$3,714$1,643
16 years$6,557$5,550$4,677$3,925$3,283$1,359
17 years$6,107$5,111$4,256$3,527$2,911$1,126
18 years$5,708$4,723$3,885$3,178$2,588$934
19 years$5,351$4,377$3,556$2,872$2,307$776
20 years$5,030$4,068$3,264$2,601$2,061$646
21 years$4,740$3,789$3,002$2,361$1,844$538
22 years$4,477$3,537$2,767$2,146$1,653$448
23 years$4,237$3,308$2,555$1,955$1,484$374
24 years$4,017$3,099$2,363$1,783$1,334$312
25 years$3,816$2,909$2,188$1,628$1,200$261
26 years$3,630$2,734$2,030$1,489$1,081$218
27 years$3,458$2,573$1,885$1,363$975$182
28 years$3,299$2,424$1,752$1,248$879$152
29 years$3,151$2,287$1,630$1,145$794$127
30 years$3,013$2,160$1,519$1,051$717$106
31 years$2,884$2,042$1,416$965$649$89
32 years$2,763$1,932$1,321$887$587$74
33 years$2,650$1,829$1,233$816$531$62
34 years$2,544$1,734$1,152$750$481$52
35 years$2,445$1,645$1,077$691$435$43
36 years$2,351$1,561$1,008$636$395$36
37 years$2,262$1,483$943$586$358$30
38 years$2,178$1,409$883$540$324$25
39 years$2,099$1,340$828$498$294$21
40 years$2,023$1,275$776$459$267$18
41 years$1,952$1,213$727$424$242$15
42 years$1,884$1,156$682$391$220$12
43 years$1,820$1,101$640$361$199$10
44 years$1,758$1,050$601$333$181$9
45 years$1,700$1,001$564$308$164$7
46 years$1,644$955$530$284$149$6
47 years$1,591$911$498$263$135$5
48 years$1,540$870$468$243$123$4
49 years$1,492$831$440$224$112$4
50 years$1,445$793$414$207$101$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,480,000, adding $4,343 every year, while hoping to spend $44,222 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: 59/33/8 Blend
66$1,480,000$1,480,000$1,480,000$1,480,000
67$1,635,440$1,557,000$1,534,060$1,728,799
68$1,755,203$1,586,241$1,538,399$1,821,220
69$1,885,699$1,615,433$1,541,401$1,916,537
70$2,027,978$1,644,526$1,542,975$2,019,366
71$2,183,192$1,673,468$1,543,025$2,130,431
72$2,352,611$1,702,202$1,541,450$2,250,529
73$2,537,633$1,730,665$1,538,144$2,380,539
74$2,739,797$1,758,793$1,532,997$2,521,429
75$2,960,795$1,786,513$1,525,892$2,674,268
76$3,202,495$1,813,750$1,516,708$2,840,231
77$3,466,948$1,840,423$1,505,316$3,020,615
78$3,756,416$1,866,443$1,491,583$3,216,848
79$4,073,388$1,891,717$1,475,370$3,430,505
80$4,420,608$1,916,144$1,456,528$3,663,323
81$4,801,093$1,939,619$1,434,905$3,917,215
82$5,218,169$1,962,025$1,410,339$4,194,290
83$5,675,499$1,983,241$1,382,663$4,496,874
84$6,177,117$2,003,137$1,351,699$4,827,530
85$6,727,466$2,021,573$1,317,263$5,189,083
86$7,331,438$2,038,401$1,279,163$5,584,648
87$7,994,426$2,053,464$1,237,196$6,017,658
88$8,722,367$2,066,593$1,191,151$6,491,900
89$9,521,802$2,077,610$1,140,808$7,011,546
90$10,399,936$2,086,323$1,085,936$7,581,195
91$11,364,708$2,092,531$1,026,293$8,205,920
92$12,424,862$2,096,019$961,628$8,891,311
93$13,590,032$2,096,558$891,676$9,643,530
94$14,870,831$2,093,905$816,163$10,469,372
95$16,278,951$2,087,802$734,800$11,376,327
96$17,827,276$2,077,976$647,287$12,372,650
97$19,529,998$2,064,136$553,311$13,467,444
98$21,402,754$2,045,975$452,543$14,670,743
99$23,462,773$2,023,166$344,642$15,993,606
100$25,729,038$1,995,363$229,249$17,448,227