Can I retire at age 67 with 1,500,000?

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 $1,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$123,869$122,765$121,689$120,638$119,612$118,659
2 years$61,321$60,179$59,072$57,999$56,958$55,998
3 years$40,475$39,328$38,224$37,161$36,137$35,198
4 years$30,053$28,910$27,817$26,772$25,773$24,864
5 years$23,802$22,666$21,587$20,564$19,592$18,715
6 years$19,636$18,508$17,446$16,445$15,503$14,659
7 years$16,662$15,543$14,497$13,520$12,608$11,798
8 years$14,432$13,323$12,295$11,342$10,459$9,683
9 years$12,698$11,600$10,590$9,661$8,808$8,065
10 years$11,312$10,225$9,232$8,328$7,505$6,794
11 years$10,179$9,103$8,128$7,247$6,455$5,776
12 years$9,236$8,170$7,213$6,357$5,593$4,947
13 years$8,438$7,384$6,445$5,612$4,878$4,262
14 years$7,754$6,711$5,791$4,982$4,276$3,690
15 years$7,163$6,131$5,228$4,443$3,765$3,209
16 years$6,646$5,625$4,740$3,978$3,327$2,800
17 years$6,190$5,181$4,313$3,574$2,950$2,450
18 years$5,785$4,787$3,937$3,221$2,623$2,150
19 years$5,423$4,437$3,605$2,911$2,338$1,891
20 years$5,098$4,123$3,308$2,636$2,088$1,666
21 years$4,804$3,840$3,043$2,393$1,869$1,470
22 years$4,537$3,585$2,804$2,175$1,675$1,300
23 years$4,294$3,353$2,589$1,981$1,504$1,150
24 years$4,072$3,141$2,395$1,807$1,352$1,019
25 years$3,867$2,948$2,218$1,650$1,216$904
26 years$3,679$2,770$2,057$1,509$1,096$802
27 years$3,505$2,607$1,910$1,381$988$713
28 years$3,343$2,457$1,776$1,265$891$633
29 years$3,193$2,318$1,652$1,160$805$563
30 years$3,053$2,189$1,539$1,065$727$501
31 years$2,923$2,069$1,435$978$657$446
32 years$2,801$1,958$1,339$899$595$398
33 years$2,686$1,854$1,250$827$538$354
34 years$2,579$1,757$1,168$761$487$316
35 years$2,478$1,667$1,092$700$441$281
36 years$2,382$1,582$1,022$645$400$251
37 years$2,292$1,503$956$594$362$224
38 years$2,207$1,428$895$548$329$200
39 years$2,127$1,358$839$505$298$178
40 years$2,051$1,292$786$466$270$159
41 years$1,978$1,230$737$430$245$142
42 years$1,910$1,171$692$397$222$127
43 years$1,844$1,116$649$366$202$113
44 years$1,782$1,064$609$338$183$101
45 years$1,723$1,014$572$312$166$90
46 years$1,666$968$537$288$151$81
47 years$1,613$923$505$266$137$72
48 years$1,561$882$474$246$125$64
49 years$1,512$842$446$227$113$57
50 years$1,465$804$419$210$103$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,500,000, adding $6,797 every year, while hoping to spend $49,688 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: 61/25/14 Blend
66$1,500,000$1,500,000$1,500,000$1,500,000
67$1,660,011$1,580,511$1,557,261$1,755,147
68$1,776,465$1,605,089$1,556,562$1,844,513
69$1,903,131$1,629,205$1,554,174$1,935,772
70$2,041,000$1,652,785$1,549,988$2,034,164
71$2,191,159$1,675,749$1,543,890$2,140,384
72$2,354,807$1,698,010$1,535,759$2,255,198
73$2,533,261$1,719,477$1,525,472$2,379,449
74$2,727,974$1,740,051$1,512,895$2,514,069
75$2,940,541$1,759,627$1,497,890$2,660,082
76$3,172,720$1,778,094$1,480,314$2,818,621
77$3,426,448$1,795,331$1,460,015$2,990,935
78$3,703,855$1,811,211$1,436,834$3,178,398
79$4,007,286$1,825,598$1,410,606$3,382,528
80$4,339,325$1,838,348$1,381,157$3,604,999
81$4,702,815$1,849,306$1,348,305$3,847,656
82$5,100,889$1,858,309$1,311,860$4,112,535
83$5,536,996$1,865,182$1,271,624$4,401,879
84$6,014,934$1,869,741$1,227,388$4,718,163
85$6,538,886$1,871,787$1,178,934$5,064,117
86$7,113,460$1,871,112$1,126,036$5,442,750
87$7,743,731$1,867,494$1,068,456$5,857,380
88$8,435,286$1,860,697$1,005,944$6,311,668
89$9,194,284$1,850,469$938,242$6,809,649
90$10,027,506$1,836,547$865,078$7,355,772
91$10,942,421$1,818,647$786,167$7,954,946
92$11,947,259$1,796,472$701,215$8,612,580
93$13,051,085$1,769,705$609,912$9,334,641
94$14,263,885$1,738,010$511,933$10,127,707
95$15,596,661$1,701,032$406,943$10,999,033
96$17,061,533$1,658,395$294,587$11,956,615
97$18,671,853$1,609,700$174,500$13,009,272
98$20,442,332$1,554,525$46,295$14,166,728
99$22,389,177$1,492,424$0$15,439,703
100$24,530,245$1,422,925$0$16,853,537