Can I retire at age 67 with 1,540,000?

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 $1,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$127,172$126,039$124,934$123,855$122,802$119,542
2 years$62,956$61,784$60,647$59,546$58,477$55,216
3 years$41,554$40,376$39,243$38,152$37,100$33,939
4 years$30,855$29,681$28,559$27,486$26,460$23,424
5 years$24,437$23,270$22,163$21,112$20,115$17,212
6 years$20,160$19,002$17,911$16,883$15,916$13,149
7 years$17,106$15,958$14,884$13,881$12,944$10,313
8 years$14,817$13,679$12,623$11,644$10,738$8,242
9 years$13,037$11,910$10,872$9,918$9,043$6,679
10 years$11,614$10,498$9,478$8,550$7,705$5,471
11 years$10,451$9,346$8,345$7,441$6,627$4,519
12 years$9,482$8,388$7,406$6,527$5,743$3,757
13 years$8,663$7,580$6,617$5,762$5,008$3,140
14 years$7,961$6,890$5,945$5,115$4,390$2,636
15 years$7,354$6,295$5,368$4,562$3,865$2,220
16 years$6,823$5,775$4,866$4,084$3,416$1,876
17 years$6,355$5,319$4,428$3,670$3,029$1,589
18 years$5,939$4,915$4,042$3,307$2,693$1,349
19 years$5,568$4,555$3,701$2,988$2,400$1,146
20 years$5,234$4,233$3,396$2,707$2,144$976
21 years$4,932$3,943$3,124$2,456$1,919$832
22 years$4,658$3,680$2,879$2,233$1,720$710
23 years$4,409$3,442$2,658$2,034$1,544$606
24 years$4,180$3,225$2,459$1,855$1,388$518
25 years$3,970$3,026$2,277$1,694$1,249$443
26 years$3,777$2,844$2,112$1,549$1,125$379
27 years$3,598$2,677$1,961$1,418$1,014$325
28 years$3,432$2,522$1,823$1,299$915$278
29 years$3,278$2,380$1,697$1,191$826$238
30 years$3,135$2,247$1,580$1,093$747$204
31 years$3,001$2,124$1,473$1,004$675$175
32 years$2,875$2,010$1,375$923$611$150
33 years$2,758$1,904$1,283$849$553$129
34 years$2,648$1,804$1,199$781$500$110
35 years$2,544$1,711$1,121$719$453$95
36 years$2,446$1,624$1,049$662$411$81
37 years$2,354$1,543$982$610$372$70
38 years$2,266$1,466$919$562$337$60
39 years$2,184$1,394$861$518$306$51
40 years$2,105$1,326$807$478$277$44
41 years$2,031$1,263$757$441$252$38
42 years$1,961$1,202$710$407$228$32
43 years$1,894$1,146$666$376$207$28
44 years$1,830$1,092$625$347$188$24
45 years$1,769$1,041$587$320$171$20
46 years$1,711$993$552$296$155$18
47 years$1,656$948$518$273$141$15
48 years$1,603$905$487$253$128$13
49 years$1,552$864$458$234$116$11
50 years$1,504$826$430$216$106$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,540,000, adding $4,892 every year, while hoping to spend $57,073 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: 42/35/23 Blend
66$1,540,000$1,540,000$1,540,000$1,540,000
67$1,702,126$1,620,506$1,596,636$1,761,968
68$1,815,018$1,639,186$1,589,398$1,823,809
69$1,937,511$1,656,868$1,580,005$1,884,892
70$2,070,526$1,673,443$1,568,324$1,949,899
71$2,215,074$1,688,795$1,554,216$2,019,223
72$2,372,265$1,702,800$1,537,537$2,093,296
73$2,543,325$1,715,326$1,518,133$2,172,603
74$2,729,599$1,726,232$1,495,845$2,257,676
75$2,932,570$1,735,369$1,470,507$2,349,106
76$3,153,866$1,742,576$1,441,944$2,447,548
77$3,395,283$1,747,685$1,409,971$2,553,727
78$3,658,796$1,750,516$1,374,400$2,668,446
79$3,946,579$1,750,877$1,335,028$2,792,594
80$4,261,025$1,748,565$1,291,646$2,927,153
81$4,604,769$1,743,364$1,244,036$3,073,213
82$4,980,713$1,735,046$1,191,968$3,231,978
83$5,392,050$1,723,368$1,135,204$3,404,780
84$5,842,297$1,708,071$1,073,491$3,593,093
85$6,335,328$1,688,883$1,006,570$3,798,548
86$6,875,407$1,665,514$934,165$4,022,947
87$7,467,231$1,637,657$855,992$4,268,283
88$8,115,973$1,604,986$771,753$4,536,761
89$8,827,330$1,567,158$681,134$4,830,817
90$9,607,576$1,523,808$583,811$5,153,144
91$10,463,623$1,474,548$479,442$5,506,719
92$11,403,084$1,418,972$367,674$5,894,830
93$12,434,342$1,356,646$248,135$6,321,112
94$13,566,636$1,287,112$120,439$6,789,581
95$14,810,139$1,209,886$0$7,304,671
96$16,176,060$1,124,458$0$7,875,169
97$17,676,746$1,030,285$0$8,534,397
98$19,325,801$926,795$0$9,258,849
99$21,138,209$813,384$0$10,055,241
100$23,130,479$689,413$0$10,930,977