Can I retire at age 67 with 1,560,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$128,823$127,676$126,556$125,464$124,397$120,366
2 years$63,774$62,586$61,435$60,319$59,236$55,214
3 years$42,094$40,901$39,753$38,647$37,582$33,693
4 years$31,256$30,066$28,930$27,843$26,804$23,079
5 years$24,754$23,572$22,451$21,386$20,376$16,825
6 years$20,422$19,249$18,143$17,103$16,123$12,748
7 years$17,328$16,165$15,077$14,061$13,112$9,914
8 years$15,009$13,856$12,787$11,795$10,878$7,853
9 years$13,206$12,064$11,013$10,047$9,161$6,307
10 years$11,765$10,634$9,602$8,661$7,805$5,117
11 years$10,586$9,467$8,453$7,537$6,713$4,186
12 years$9,605$8,497$7,502$6,611$5,817$3,446
13 years$8,775$7,679$6,702$5,837$5,073$2,851
14 years$8,065$6,980$6,022$5,181$4,447$2,369
15 years$7,449$6,376$5,437$4,621$3,915$1,974
16 years$6,911$5,850$4,930$4,137$3,460$1,650
17 years$6,437$5,388$4,486$3,717$3,068$1,382
18 years$6,016$4,979$4,095$3,350$2,728$1,160
19 years$5,640$4,614$3,749$3,027$2,432$975
20 years$5,302$4,288$3,440$2,742$2,172$821
21 years$4,996$3,994$3,164$2,488$1,944$692
22 years$4,719$3,728$2,917$2,262$1,742$583
23 years$4,466$3,487$2,693$2,060$1,564$492
24 years$4,235$3,267$2,491$1,879$1,406$416
25 years$4,022$3,066$2,307$1,716$1,265$351
26 years$3,826$2,881$2,139$1,569$1,139$297
27 years$3,645$2,712$1,987$1,436$1,027$251
28 years$3,477$2,555$1,847$1,316$927$212
29 years$3,321$2,411$1,719$1,207$837$180
30 years$3,175$2,276$1,601$1,108$756$152
31 years$3,040$2,152$1,492$1,017$684$129
32 years$2,913$2,036$1,392$935$618$109
33 years$2,794$1,928$1,300$860$560$92
34 years$2,682$1,828$1,215$791$507$78
35 years$2,577$1,733$1,136$728$459$66
36 years$2,478$1,645$1,062$671$416$56
37 years$2,384$1,563$994$618$377$48
38 years$2,296$1,485$931$569$342$40
39 years$2,212$1,412$872$525$310$34
40 years$2,133$1,344$818$484$281$29
41 years$2,058$1,279$767$447$255$24
42 years$1,986$1,218$719$412$231$21
43 years$1,918$1,161$675$381$210$18
44 years$1,854$1,106$634$351$191$15
45 years$1,792$1,055$595$325$173$13
46 years$1,733$1,006$559$300$157$11
47 years$1,677$960$525$277$143$9
48 years$1,623$917$493$256$130$8
49 years$1,572$875$464$237$118$7
50 years$1,523$836$436$219$107$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,560,000, adding $3,417 every year, while hoping to spend $45,936 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: 30/44/26 Blend
66$1,560,000$1,560,000$1,560,000$1,560,000
67$1,722,645$1,639,965$1,615,785$1,760,411
68$1,849,479$1,671,447$1,621,038$1,821,475
69$1,987,711$1,702,933$1,624,928$1,882,846
70$2,138,454$1,734,374$1,627,359$1,947,944
71$2,302,935$1,765,717$1,628,235$2,017,123
72$2,482,503$1,796,906$1,627,449$2,090,775
73$2,678,645$1,827,880$1,624,895$2,169,336
74$2,892,995$1,858,575$1,620,457$2,253,284
75$3,127,354$1,888,919$1,614,016$2,343,151
76$3,383,705$1,918,836$1,605,447$2,439,523
77$3,664,230$1,948,247$1,594,617$2,543,050
78$3,971,334$1,977,064$1,581,389$2,654,449
79$4,307,664$2,005,193$1,565,619$2,774,513
80$4,676,133$2,032,535$1,547,155$2,904,119
81$5,079,952$2,058,983$1,525,838$3,044,237
82$5,522,657$2,084,423$1,501,503$3,195,938
83$6,008,141$2,108,733$1,473,977$3,360,408
84$6,540,693$2,131,782$1,443,077$3,538,954
85$7,125,036$2,153,432$1,408,612$3,733,024
86$7,766,374$2,173,535$1,370,385$3,944,215
87$8,470,438$2,191,931$1,328,187$4,174,295
88$9,243,541$2,208,454$1,281,799$4,425,213
89$10,092,638$2,222,924$1,230,995$4,699,126
90$11,025,390$2,235,150$1,175,536$4,998,414
91$12,050,236$2,244,929$1,115,173$5,325,707
92$13,176,475$2,252,045$1,049,646$5,683,910
93$14,414,349$2,256,269$978,683$6,076,229
94$15,775,144$2,257,358$902,000$6,506,208
95$17,271,291$2,255,051$819,300$6,977,757
96$18,916,488$2,249,074$730,272$7,495,195
97$20,725,827$2,239,135$634,593$8,063,288
98$22,715,933$2,224,925$531,924$8,687,301
99$24,905,127$2,206,115$421,912$9,373,042
100$27,313,592$2,182,356$304,188$10,126,926