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%13.9%
1 years$122,217$121,128$120,066$119,030$118,017$116,110
2 years$60,503$59,377$58,285$57,226$56,199$54,282
3 years$39,935$38,803$37,714$36,665$35,655$33,789
4 years$29,653$28,525$27,446$26,415$25,429$23,629
5 years$23,485$22,364$21,299$20,289$19,331$17,600
6 years$19,375$18,262$17,213$16,226$15,296$13,638
7 years$16,440$15,336$14,304$13,340$12,440$10,854
8 years$14,239$13,146$12,131$11,191$10,320$8,807
9 years$12,529$11,446$10,448$9,532$8,691$7,249
10 years$11,162$10,089$9,109$8,217$7,405$6,034
11 years$10,044$8,982$8,020$7,151$6,369$5,066
12 years$9,112$8,061$7,117$6,272$5,519$4,284
13 years$8,325$7,285$6,359$5,537$4,813$3,643
14 years$7,651$6,622$5,713$4,916$4,219$3,113
15 years$7,067$6,049$5,158$4,384$3,714$2,670
16 years$6,557$5,550$4,677$3,925$3,283$2,298
17 years$6,107$5,111$4,256$3,527$2,911$1,983
18 years$5,708$4,723$3,885$3,178$2,588$1,715
19 years$5,351$4,377$3,556$2,872$2,307$1,487
20 years$5,030$4,068$3,264$2,601$2,061$1,291
21 years$4,740$3,789$3,002$2,361$1,844$1,122
22 years$4,477$3,537$2,767$2,146$1,653$977
23 years$4,237$3,308$2,555$1,955$1,484$851
24 years$4,017$3,099$2,363$1,783$1,334$743
25 years$3,816$2,909$2,188$1,628$1,200$648
26 years$3,630$2,734$2,030$1,489$1,081$567
27 years$3,458$2,573$1,885$1,363$975$495
28 years$3,299$2,424$1,752$1,248$879$433
29 years$3,151$2,287$1,630$1,145$794$379
30 years$3,013$2,160$1,519$1,051$717$332
31 years$2,884$2,042$1,416$965$649$291
32 years$2,763$1,932$1,321$887$587$255
33 years$2,650$1,829$1,233$816$531$223
34 years$2,544$1,734$1,152$750$481$196
35 years$2,445$1,645$1,077$691$435$171
36 years$2,351$1,561$1,008$636$395$150
37 years$2,262$1,483$943$586$358$132
38 years$2,178$1,409$883$540$324$116
39 years$2,099$1,340$828$498$294$101
40 years$2,023$1,275$776$459$267$89
41 years$1,952$1,213$727$424$242$78
42 years$1,884$1,156$682$391$220$69
43 years$1,820$1,101$640$361$199$60
44 years$1,758$1,050$601$333$181$53
45 years$1,700$1,001$564$308$164$46
46 years$1,644$955$530$284$149$41
47 years$1,591$911$498$263$135$36
48 years$1,540$870$468$243$123$31
49 years$1,492$831$440$224$112$27
50 years$1,445$793$414$207$101$24

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 $4,198 every year, while hoping to spend $44,331 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: 65/15/20 Blend
66$1,480,000$1,480,000$1,480,000$1,480,000
67$1,635,290$1,556,850$1,533,910$1,733,040
68$1,754,922$1,585,968$1,538,128$1,828,324
69$1,885,270$1,615,027$1,541,002$1,926,978
70$2,027,382$1,643,977$1,542,439$2,033,748
71$2,182,408$1,672,765$1,542,344$2,149,430
72$2,351,615$1,701,332$1,540,615$2,274,902
73$2,536,400$1,729,618$1,537,146$2,411,133
74$2,738,299$1,757,554$1,531,825$2,559,188
75$2,959,001$1,785,070$1,524,537$2,720,244
76$3,200,368$1,812,088$1,515,158$2,895,596
77$3,464,451$1,838,526$1,503,562$3,086,675
78$3,753,506$1,864,295$1,489,612$3,295,054
79$4,070,019$1,889,300$1,473,169$3,522,471
80$4,416,726$1,913,441$1,454,086$3,770,839
81$4,796,642$1,936,609$1,432,207$4,042,269
82$5,213,085$1,958,689$1,407,372$4,339,087
83$5,669,712$1,979,557$1,379,411$4,663,857
84$6,170,549$1,999,082$1,348,148$5,019,407
85$6,720,031$2,017,123$1,313,397$5,408,853
86$7,323,043$2,033,531$1,274,964$5,835,630
87$7,984,965$2,048,146$1,232,648$6,303,527
88$8,711,725$2,060,799$1,186,235$6,816,718
89$9,509,852$2,071,309$1,135,505$7,379,806
90$10,386,539$2,079,484$1,080,225$7,997,865
91$11,349,707$2,085,120$1,020,155$8,676,489
92$12,408,087$2,088,001$955,039$9,421,844
93$13,571,294$2,087,895$884,615$10,240,727
94$14,849,921$2,084,557$808,605$11,140,631
95$16,255,641$2,077,729$726,722$12,129,816
96$17,801,312$2,067,133$638,662$13,217,386
97$19,501,100$2,052,477$544,112$14,413,379
98$21,370,615$2,033,450$442,742$15,728,859
99$23,427,052$2,009,724$334,209$17,176,021
100$25,689,360$1,980,950$218,153$18,768,308