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%14.3%
1 years$127,172$126,039$124,934$123,855$122,802$120,619
2 years$62,956$61,784$60,647$59,546$58,477$56,285
3 years$41,554$40,376$39,243$38,152$37,100$34,967
4 years$30,855$29,681$28,559$27,486$26,460$24,403
5 years$24,437$23,270$22,163$21,112$20,115$18,139
6 years$20,160$19,002$17,911$16,883$15,916$14,025
7 years$17,106$15,958$14,884$13,881$12,944$11,137
8 years$14,817$13,679$12,623$11,644$10,738$9,016
9 years$13,037$11,910$10,872$9,918$9,043$7,403
10 years$11,614$10,498$9,478$8,550$7,705$6,147
11 years$10,451$9,346$8,345$7,441$6,627$5,148
12 years$9,482$8,388$7,406$6,527$5,743$4,342
13 years$8,663$7,580$6,617$5,762$5,008$3,683
14 years$7,961$6,890$5,945$5,115$4,390$3,138
15 years$7,354$6,295$5,368$4,562$3,865$2,685
16 years$6,823$5,775$4,866$4,084$3,416$2,304
17 years$6,355$5,319$4,428$3,670$3,029$1,983
18 years$5,939$4,915$4,042$3,307$2,693$1,710
19 years$5,568$4,555$3,701$2,988$2,400$1,478
20 years$5,234$4,233$3,396$2,707$2,144$1,279
21 years$4,932$3,943$3,124$2,456$1,919$1,109
22 years$4,658$3,680$2,879$2,233$1,720$962
23 years$4,409$3,442$2,658$2,034$1,544$836
24 years$4,180$3,225$2,459$1,855$1,388$727
25 years$3,970$3,026$2,277$1,694$1,249$633
26 years$3,777$2,844$2,112$1,549$1,125$551
27 years$3,598$2,677$1,961$1,418$1,014$480
28 years$3,432$2,522$1,823$1,299$915$419
29 years$3,278$2,380$1,697$1,191$826$365
30 years$3,135$2,247$1,580$1,093$747$319
31 years$3,001$2,124$1,473$1,004$675$278
32 years$2,875$2,010$1,375$923$611$243
33 years$2,758$1,904$1,283$849$553$212
34 years$2,648$1,804$1,199$781$500$185
35 years$2,544$1,711$1,121$719$453$162
36 years$2,446$1,624$1,049$662$411$141
37 years$2,354$1,543$982$610$372$124
38 years$2,266$1,466$919$562$337$108
39 years$2,184$1,394$861$518$306$94
40 years$2,105$1,326$807$478$277$83
41 years$2,031$1,263$757$441$252$72
42 years$1,961$1,202$710$407$228$63
43 years$1,894$1,146$666$376$207$55
44 years$1,830$1,092$625$347$188$48
45 years$1,769$1,041$587$320$171$42
46 years$1,711$993$552$296$155$37
47 years$1,656$948$518$273$141$32
48 years$1,603$905$487$253$128$28
49 years$1,552$864$458$234$116$25
50 years$1,504$826$430$216$106$22

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 $4,957 every year, while hoping to spend $22,037 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: 46/34/20 Blend
66$1,540,000$1,540,000$1,540,000$1,540,000
67$1,702,193$1,620,573$1,596,703$1,770,549
68$1,852,370$1,676,534$1,626,746$1,874,852
69$2,017,126$1,734,498$1,657,056$1,985,361
70$2,197,925$1,794,541$1,687,619$2,104,797
71$2,396,380$1,856,740$1,718,421$2,234,004
72$2,614,266$1,921,176$1,749,444$2,373,906
73$2,853,541$1,987,934$1,780,670$2,525,522
74$3,116,360$2,057,100$1,812,080$2,689,972
75$3,405,096$2,128,765$1,843,652$2,868,487
76$3,722,366$2,203,025$1,875,365$3,062,422
77$4,071,050$2,279,977$1,907,193$3,273,269
78$4,454,325$2,359,722$1,939,111$3,502,666
79$4,875,686$2,442,369$1,971,091$3,752,420
80$5,338,986$2,528,026$2,003,103$4,024,517
81$5,848,472$2,616,808$2,035,117$4,321,143
82$6,408,821$2,708,836$2,067,097$4,644,706
83$7,025,184$2,804,233$2,099,009$4,997,853
84$7,703,241$2,903,128$2,130,813$5,383,502
85$8,449,246$3,005,656$2,162,470$5,804,864
86$9,270,092$3,111,956$2,193,936$6,265,472
87$10,173,374$3,222,175$2,225,166$6,769,220
88$11,167,460$3,336,462$2,256,110$7,320,393
89$12,261,568$3,454,977$2,286,717$7,923,711
90$13,465,859$3,577,882$2,316,933$8,584,371
91$14,791,527$3,705,348$2,346,701$9,308,096
92$16,250,905$3,837,552$2,375,958$10,101,189
93$17,857,585$3,974,680$2,404,640$10,970,594
94$19,626,543$4,116,924$2,432,680$11,923,955
95$21,574,280$4,264,483$2,460,004$12,969,694
96$23,718,980$4,417,566$2,486,538$14,117,089
97$26,080,680$4,576,390$2,512,200$15,376,356
98$28,681,457$4,741,181$2,536,907$16,758,750
99$31,545,640$4,912,174$2,560,568$18,276,671
100$34,700,039$5,089,614$2,583,090$19,943,776