Can I retire at age 67 with 1,510,000?

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 $1,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$124,694$123,584$122,500$121,442$120,410$119,852
2 years$61,730$60,580$59,466$58,386$57,338$56,775
3 years$40,744$39,590$38,478$37,408$36,377$35,827
4 years$30,254$29,103$28,002$26,951$25,945$25,410
5 years$23,961$22,817$21,731$20,701$19,723$19,206
6 years$19,767$18,632$17,562$16,554$15,606$15,108
7 years$16,773$15,647$14,594$13,610$12,692$12,213
8 years$14,528$13,412$12,377$11,417$10,529$10,069
9 years$12,783$11,678$10,660$9,725$8,867$8,426
10 years$11,388$10,293$9,294$8,383$7,555$7,133
11 years$10,247$9,164$8,182$7,296$6,498$6,094
12 years$9,297$8,225$7,261$6,399$5,631$5,245
13 years$8,494$7,433$6,488$5,650$4,910$4,542
14 years$7,806$6,756$5,829$5,015$4,304$3,953
15 years$7,211$6,172$5,263$4,473$3,790$3,456
16 years$6,690$5,663$4,772$4,005$3,349$3,032
17 years$6,231$5,215$4,342$3,598$2,970$2,668
18 years$5,823$4,819$3,964$3,243$2,641$2,354
19 years$5,459$4,466$3,629$2,930$2,354$2,082
20 years$5,132$4,150$3,330$2,654$2,102$1,845
21 years$4,836$3,866$3,063$2,408$1,881$1,638
22 years$4,568$3,608$2,823$2,190$1,686$1,457
23 years$4,323$3,375$2,607$1,994$1,514$1,297
24 years$4,099$3,162$2,411$1,819$1,361$1,156
25 years$3,893$2,967$2,233$1,661$1,224$1,032
26 years$3,703$2,789$2,071$1,519$1,103$921
27 years$3,528$2,625$1,923$1,390$994$824
28 years$3,365$2,473$1,788$1,274$897$737
29 years$3,214$2,333$1,664$1,168$810$660
30 years$3,074$2,204$1,549$1,072$732$591
31 years$2,942$2,083$1,445$985$662$529
32 years$2,819$1,971$1,348$905$599$475
33 years$2,704$1,867$1,258$832$542$426
34 years$2,596$1,769$1,176$766$491$382
35 years$2,494$1,678$1,099$705$444$343
36 years$2,398$1,593$1,028$649$403$308
37 years$2,308$1,513$963$598$365$276
38 years$2,222$1,438$901$551$331$248
39 years$2,141$1,367$844$508$300$223
40 years$2,064$1,301$792$469$272$200
41 years$1,992$1,238$742$433$247$180
42 years$1,922$1,179$696$399$224$162
43 years$1,857$1,123$653$368$203$146
44 years$1,794$1,071$613$340$184$131
45 years$1,734$1,021$576$314$167$118
46 years$1,678$974$541$290$152$106
47 years$1,623$930$508$268$138$95
48 years$1,571$887$477$248$125$86
49 years$1,522$847$449$229$114$77
50 years$1,474$809$422$212$103$69

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,510,000, adding $6,023 every year, while hoping to spend $24,832 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: 62/27/11 Blend
66$1,510,000$1,510,000$1,510,000$1,510,000
67$1,670,233$1,590,203$1,566,798$1,769,186
68$1,814,175$1,641,702$1,592,864$1,887,699
69$1,971,968$1,694,892$1,618,972$2,013,609
70$2,144,997$1,749,830$1,645,096$2,150,428
71$2,334,789$1,806,574$1,671,209$2,299,213
72$2,543,027$1,865,185$1,697,284$2,461,127
73$2,771,563$1,925,726$1,723,290$2,637,451
74$3,022,438$1,988,262$1,749,195$2,829,594
75$3,297,899$2,052,860$1,774,966$3,039,106
76$3,600,423$2,119,589$1,800,566$3,267,696
77$3,932,738$2,188,520$1,825,957$3,517,242
78$4,297,850$2,259,730$1,851,099$3,789,816
79$4,699,067$2,333,293$1,875,947$4,087,695
80$5,140,038$2,409,291$1,900,458$4,413,389
81$5,624,781$2,487,805$1,924,582$4,769,662
82$6,157,722$2,568,921$1,948,269$5,159,555
83$6,743,738$2,652,726$1,971,464$5,586,421
84$7,388,202$2,739,313$1,994,111$6,053,950
85$8,097,035$2,828,776$2,016,150$6,566,207
86$8,876,759$2,921,212$2,037,517$7,127,668
87$9,734,560$3,016,723$2,058,146$7,743,265
88$10,678,356$3,115,414$2,077,965$8,418,430
89$11,716,872$3,217,393$2,096,901$9,159,146
90$12,859,721$3,322,772$2,114,875$9,972,004
91$14,117,493$3,431,669$2,131,804$10,864,264
92$15,501,860$3,544,203$2,147,602$11,843,924
93$17,025,680$3,660,500$2,162,177$12,919,795
94$18,703,123$3,780,688$2,175,433$14,101,584
95$20,549,801$3,904,901$2,187,269$15,399,984
96$22,582,917$4,033,277$2,197,579$16,826,776
97$24,821,428$4,165,961$2,206,252$18,394,941
98$27,286,221$4,303,101$2,213,168$20,118,779
99$30,000,313$4,444,850$2,218,207$22,014,044
100$32,989,065$4,591,368$2,221,237$24,098,097