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

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 $1,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$122,217$121,128$120,066$119,030$118,017$116,062
2 years$60,503$59,377$58,285$57,226$56,199$54,235
3 years$39,935$38,803$37,714$36,665$35,655$33,743
4 years$29,653$28,525$27,446$26,415$25,429$23,584
5 years$23,485$22,364$21,299$20,289$19,331$17,558
6 years$19,375$18,262$17,213$16,226$15,296$13,598
7 years$16,440$15,336$14,304$13,340$12,440$10,816
8 years$14,239$13,146$12,131$11,191$10,320$8,771
9 years$12,529$11,446$10,448$9,532$8,691$7,215
10 years$11,162$10,089$9,109$8,217$7,405$6,002
11 years$10,044$8,982$8,020$7,151$6,369$5,036
12 years$9,112$8,061$7,117$6,272$5,519$4,256
13 years$8,325$7,285$6,359$5,537$4,813$3,617
14 years$7,651$6,622$5,713$4,916$4,219$3,088
15 years$7,067$6,049$5,158$4,384$3,714$2,647
16 years$6,557$5,550$4,677$3,925$3,283$2,277
17 years$6,107$5,111$4,256$3,527$2,911$1,963
18 years$5,708$4,723$3,885$3,178$2,588$1,697
19 years$5,351$4,377$3,556$2,872$2,307$1,470
20 years$5,030$4,068$3,264$2,601$2,061$1,275
21 years$4,740$3,789$3,002$2,361$1,844$1,108
22 years$4,477$3,537$2,767$2,146$1,653$964
23 years$4,237$3,308$2,555$1,955$1,484$839
24 years$4,017$3,099$2,363$1,783$1,334$732
25 years$3,816$2,909$2,188$1,628$1,200$638
26 years$3,630$2,734$2,030$1,489$1,081$557
27 years$3,458$2,573$1,885$1,363$975$487
28 years$3,299$2,424$1,752$1,248$879$425
29 years$3,151$2,287$1,630$1,145$794$372
30 years$3,013$2,160$1,519$1,051$717$325
31 years$2,884$2,042$1,416$965$649$285
32 years$2,763$1,932$1,321$887$587$249
33 years$2,650$1,829$1,233$816$531$218
34 years$2,544$1,734$1,152$750$481$191
35 years$2,445$1,645$1,077$691$435$167
36 years$2,351$1,561$1,008$636$395$147
37 years$2,262$1,483$943$586$358$128
38 years$2,178$1,409$883$540$324$113
39 years$2,099$1,340$828$498$294$99
40 years$2,023$1,275$776$459$267$86
41 years$1,952$1,213$727$424$242$76
42 years$1,884$1,156$682$391$220$66
43 years$1,820$1,101$640$361$199$58
44 years$1,758$1,050$601$333$181$51
45 years$1,700$1,001$564$308$164$45
46 years$1,644$955$530$284$149$39
47 years$1,591$911$498$263$135$34
48 years$1,540$870$468$243$123$30
49 years$1,492$831$440$224$112$26
50 years$1,445$793$414$207$101$23

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 $6,411 every year, while hoping to spend $44,632 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: 84/7/9 Blend
66$1,480,000$1,480,000$1,480,000$1,480,000
67$1,637,573$1,559,133$1,536,193$1,772,635
68$1,757,117$1,588,042$1,540,167$1,890,772
69$1,887,359$1,616,872$1,542,779$2,013,832
70$2,029,343$1,645,572$1,543,935$2,147,620
71$2,184,217$1,674,087$1,543,538$2,293,188
72$2,353,247$1,702,357$1,541,487$2,451,692
73$2,537,825$1,730,318$1,537,673$2,624,406
74$2,739,482$1,757,903$1,531,984$2,812,734
75$2,959,907$1,785,038$1,524,303$3,018,221
76$3,200,957$1,811,644$1,514,506$3,242,569
77$3,464,676$1,837,637$1,502,464$3,487,654
78$3,753,318$1,862,925$1,488,041$3,755,541
79$4,069,361$1,887,413$1,471,095$4,048,506
80$4,415,536$1,910,997$1,451,478$4,369,054
81$4,794,851$1,933,566$1,429,032$4,719,948
82$5,210,617$1,955,003$1,403,596$5,104,229
83$5,666,482$1,975,180$1,374,999$5,525,249
84$6,166,464$1,993,964$1,343,062$5,986,700
85$6,714,987$2,011,212$1,307,598$6,492,651
86$7,316,924$2,026,770$1,268,412$7,047,583
87$7,977,645$2,040,477$1,225,298$7,656,437
88$8,703,064$2,052,158$1,178,044$8,324,652
89$9,499,693$2,061,631$1,126,425$9,058,227
90$10,374,709$2,068,698$1,070,208$9,863,766
91$11,336,017$2,073,153$1,009,148$10,748,550
92$12,392,326$2,074,772$942,990$11,720,601
93$13,553,230$2,073,323$871,466$12,788,757
94$14,829,298$2,068,554$794,299$13,962,759
95$16,232,175$2,060,201$711,196$15,253,339
96$17,774,688$2,047,983$621,853$16,672,324
97$19,470,974$2,031,602$525,952$18,232,747
98$21,336,604$2,010,740$423,162$19,948,969
99$23,388,734$1,985,064$313,135$21,836,815
100$25,646,270$1,954,217$195,510$23,913,726