Can I retire at age 67 with 1,550,000?

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 $1,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$127,998$126,857$125,745$124,659$123,599$122,055
2 years$63,365$62,185$61,041$59,932$58,857$57,303
3 years$41,824$40,639$39,498$38,399$37,341$35,826
4 years$31,055$29,874$28,744$27,664$26,632$25,167
5 years$24,596$23,421$22,307$21,249$20,245$18,835
6 years$20,291$19,125$18,027$16,993$16,019$14,665
7 years$17,217$16,061$14,981$13,971$13,028$11,731
8 years$14,913$13,768$12,705$11,720$10,808$9,567
9 years$13,122$11,987$10,943$9,983$9,102$7,918
10 years$11,690$10,566$9,540$8,605$7,755$6,626
11 years$10,519$9,406$8,399$7,489$6,670$5,595
12 years$9,543$8,443$7,454$6,569$5,780$4,758
13 years$8,719$7,630$6,659$5,799$5,040$4,071
14 years$8,013$6,935$5,984$5,148$4,418$3,499
15 years$7,402$6,335$5,402$4,591$3,890$3,020
16 years$6,867$5,813$4,898$4,111$3,438$2,615
17 years$6,396$5,353$4,457$3,694$3,048$2,271
18 years$5,978$4,947$4,069$3,329$2,711$1,977
19 years$5,604$4,584$3,725$3,008$2,416$1,725
20 years$5,268$4,260$3,418$2,724$2,158$1,508
21 years$4,964$3,968$3,144$2,472$1,931$1,320
22 years$4,689$3,704$2,898$2,248$1,731$1,157
23 years$4,437$3,464$2,676$2,047$1,554$1,015
24 years$4,207$3,246$2,475$1,867$1,397$892
25 years$3,996$3,046$2,292$1,705$1,257$784
26 years$3,801$2,863$2,126$1,559$1,132$690
27 years$3,621$2,694$1,974$1,427$1,021$608
28 years$3,455$2,539$1,835$1,308$921$535
29 years$3,300$2,395$1,708$1,199$832$472
30 years$3,155$2,262$1,591$1,100$751$416
31 years$3,020$2,138$1,483$1,011$679$367
32 years$2,894$2,023$1,383$929$615$324
33 years$2,776$1,916$1,292$854$556$286
34 years$2,665$1,816$1,207$786$504$253
35 years$2,560$1,722$1,128$723$456$223
36 years$2,462$1,635$1,056$666$413$197
37 years$2,369$1,553$988$614$374$174
38 years$2,281$1,476$925$566$340$154
39 years$2,198$1,403$867$522$308$136
40 years$2,119$1,335$813$481$279$120
41 years$2,044$1,271$762$444$253$106
42 years$1,973$1,210$715$410$230$94
43 years$1,906$1,153$671$378$209$83
44 years$1,842$1,099$629$349$189$74
45 years$1,780$1,048$591$323$172$65
46 years$1,722$1,000$555$298$156$58
47 years$1,666$954$522$275$142$51
48 years$1,613$911$490$254$129$45
49 years$1,562$870$461$235$117$40
50 years$1,513$831$433$217$106$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,550,000, adding $3,943 every year, while hoping to spend $41,187 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: 44/28/28 Blend
66$1,550,000$1,550,000$1,550,000$1,550,000
67$1,712,167$1,630,017$1,605,992$1,773,430
68$1,842,986$1,666,065$1,615,970$1,853,592
69$1,985,767$1,702,500$1,624,902$1,936,204
70$2,141,688$1,739,295$1,632,710$2,024,971
71$2,312,045$1,776,425$1,639,310$2,120,489
72$2,498,263$1,813,859$1,644,616$2,223,416
73$2,701,912$1,851,565$1,648,537$2,334,477
74$2,924,722$1,889,506$1,650,977$2,454,473
75$3,168,595$1,927,643$1,651,837$2,584,286
76$3,435,629$1,965,935$1,651,010$2,724,889
77$3,728,130$2,004,333$1,648,387$2,877,357
78$4,048,642$2,042,788$1,643,850$3,042,873
79$4,399,964$2,081,245$1,637,280$3,222,744
80$4,785,179$2,119,645$1,628,547$3,418,411
81$5,207,683$2,157,923$1,617,519$3,631,463
82$5,671,217$2,196,011$1,604,056$3,863,653
83$6,179,900$2,233,835$1,588,011$4,116,914
84$6,738,271$2,271,314$1,569,231$4,393,380
85$7,351,328$2,308,362$1,547,553$4,695,402
86$8,024,578$2,344,886$1,522,811$5,025,575
87$8,764,088$2,380,788$1,494,828$5,386,759
88$9,576,538$2,415,961$1,463,418$5,782,111
89$10,469,293$2,450,290$1,428,390$6,215,111
90$11,450,460$2,483,654$1,389,541$6,689,597
91$12,528,975$2,515,921$1,346,659$7,209,801
92$13,714,682$2,546,952$1,299,523$7,780,393
93$15,018,425$2,576,599$1,247,903$8,406,519
94$16,452,152$2,604,700$1,191,555$9,093,857
95$18,029,028$2,631,087$1,130,229$9,848,666
96$19,763,556$2,655,577$1,063,659$10,677,850
97$21,671,717$2,677,978$991,569$11,589,021
98$23,771,116$2,698,083$913,670$12,590,571
99$26,081,154$2,715,673$829,663$13,691,757
100$28,623,205$2,730,515$739,230$14,902,782