Can I retire at age 67 with 1,490,000?

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 $1,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$123,043$121,947$120,878$119,834$118,815$116,702
2 years$60,912$59,778$58,678$57,612$56,578$54,457
3 years$40,205$39,065$37,969$36,913$35,896$33,832
4 years$29,853$28,717$27,632$26,594$25,601$23,611
5 years$23,644$22,515$21,443$20,426$19,462$17,550
6 years$19,505$18,385$17,329$16,335$15,399$13,569
7 years$16,551$15,440$14,401$13,430$12,524$10,776
8 years$14,336$13,235$12,213$11,266$10,390$8,723
9 years$12,614$11,523$10,519$9,596$8,750$7,163
10 years$11,237$10,157$9,171$8,272$7,455$5,948
11 years$10,111$9,042$8,074$7,199$6,412$4,981
12 years$9,174$8,116$7,165$6,315$5,556$4,201
13 years$8,381$7,334$6,402$5,575$4,845$3,563
14 years$7,703$6,667$5,752$4,949$4,247$3,036
15 years$7,115$6,090$5,193$4,413$3,740$2,597
16 years$6,601$5,588$4,708$3,952$3,305$2,229
17 years$6,148$5,146$4,284$3,551$2,930$1,918
18 years$5,746$4,755$3,911$3,200$2,606$1,654
19 years$5,387$4,407$3,580$2,891$2,322$1,430
20 years$5,064$4,095$3,286$2,619$2,074$1,238
21 years$4,772$3,815$3,022$2,377$1,856$1,073
22 years$4,507$3,561$2,786$2,161$1,664$931
23 years$4,266$3,330$2,572$1,968$1,494$809
24 years$4,045$3,120$2,379$1,795$1,343$703
25 years$3,841$2,928$2,203$1,639$1,208$612
26 years$3,654$2,752$2,043$1,499$1,088$533
27 years$3,481$2,590$1,897$1,372$981$465
28 years$3,321$2,441$1,764$1,257$885$405
29 years$3,172$2,302$1,641$1,153$799$353
30 years$3,033$2,174$1,529$1,058$722$308
31 years$2,903$2,055$1,425$972$653$269
32 years$2,782$1,945$1,330$893$591$235
33 years$2,668$1,842$1,242$821$535$205
34 years$2,562$1,746$1,160$755$484$179
35 years$2,461$1,656$1,085$695$438$157
36 years$2,366$1,572$1,015$640$397$137
37 years$2,277$1,493$950$590$360$120
38 years$2,193$1,418$889$544$326$105
39 years$2,113$1,349$833$502$296$91
40 years$2,037$1,283$781$463$268$80
41 years$1,965$1,222$732$427$244$70
42 years$1,897$1,163$687$394$221$61
43 years$1,832$1,108$645$364$201$53
44 years$1,770$1,057$605$336$182$47
45 years$1,711$1,008$568$310$165$41
46 years$1,655$961$534$286$150$36
47 years$1,602$917$501$265$136$31
48 years$1,551$876$471$244$124$27
49 years$1,502$836$443$226$112$24
50 years$1,455$799$416$209$102$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,490,000, adding $6,745 every year, while hoping to spend $44,034 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: 54/31/15 Blend
66$1,490,000$1,490,000$1,490,000$1,490,000
67$1,648,937$1,569,967$1,546,872$1,731,067
68$1,770,277$1,600,044$1,551,841$1,817,877
69$1,902,518$1,630,119$1,555,500$1,907,029
70$2,046,725$1,660,144$1,557,759$2,003,072
71$2,204,070$1,690,071$1,558,524$2,106,674
72$2,375,846$1,719,845$1,557,694$2,218,570
73$2,563,471$1,749,406$1,555,166$2,339,569
74$2,768,511$1,778,693$1,550,830$2,470,565
75$2,992,687$1,807,637$1,544,571$2,612,544
76$3,237,896$1,836,166$1,536,269$2,766,591
77$3,506,224$1,864,201$1,525,797$2,933,904
78$3,799,971$1,891,659$1,513,023$3,115,802
79$4,121,668$1,918,450$1,497,809$3,313,743
80$4,474,102$1,944,478$1,480,009$3,529,330
81$4,860,342$1,969,639$1,459,472$3,764,334
82$5,283,771$1,993,826$1,436,038$4,020,706
83$5,748,111$2,016,919$1,409,541$4,300,599
84$6,257,464$2,038,793$1,379,806$4,606,386
85$6,816,347$2,059,315$1,346,651$4,940,682
86$7,429,735$2,078,343$1,309,885$5,306,373
87$8,103,110$2,095,723$1,269,308$5,706,641
88$8,842,508$2,111,295$1,224,711$6,144,992
89$9,654,581$2,124,885$1,175,876$6,625,296
90$10,546,655$2,136,311$1,122,574$7,151,817
91$11,526,800$2,145,377$1,064,567$7,729,257
92$12,603,909$2,151,875$1,001,604$8,362,802
93$13,787,776$2,155,585$933,426$9,058,169
94$15,089,192$2,156,272$859,759$9,821,660
95$16,520,048$2,153,688$780,319$10,660,227
96$18,093,441$2,147,567$694,808$11,581,532
97$19,823,803$2,137,629$602,916$12,594,023
98$21,727,035$2,123,576$504,317$13,707,016
99$23,820,654$2,105,093$398,673$14,930,781
100$26,123,962$2,081,844$285,630$16,276,639