Can I retire at age 67 with 1,570,000?

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 $1,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$129,649$128,494$127,368$126,268$125,194$122,118
2 years$64,183$62,987$61,829$60,706$59,616$56,536
3 years$42,363$41,163$40,007$38,895$37,823$34,835
4 years$31,456$30,259$29,115$28,021$26,976$24,103
5 years$24,913$23,724$22,595$21,523$20,506$17,757
6 years$20,553$19,372$18,260$17,212$16,226$13,603
7 years$17,439$16,269$15,174$14,151$13,196$10,699
8 years$15,105$13,945$12,869$11,871$10,947$8,576
9 years$13,291$12,142$11,084$10,111$9,219$6,971
10 years$11,840$10,702$9,663$8,716$7,855$5,727
11 years$10,654$9,528$8,507$7,586$6,756$4,746
12 years$9,667$8,552$7,550$6,654$5,854$3,958
13 years$8,831$7,728$6,745$5,874$5,105$3,320
14 years$8,116$7,025$6,061$5,214$4,475$2,796
15 years$7,497$6,417$5,472$4,650$3,940$2,364
16 years$6,956$5,888$4,961$4,164$3,482$2,004
17 years$6,479$5,422$4,515$3,741$3,088$1,704
18 years$6,055$5,010$4,121$3,372$2,746$1,451
19 years$5,676$4,644$3,773$3,047$2,447$1,238
20 years$5,336$4,315$3,462$2,759$2,186$1,058
21 years$5,028$4,019$3,185$2,504$1,956$906
22 years$4,749$3,752$2,935$2,277$1,753$776
23 years$4,495$3,509$2,710$2,074$1,574$665
24 years$4,262$3,288$2,506$1,891$1,415$571
25 years$4,048$3,085$2,321$1,727$1,273$490
26 years$3,850$2,900$2,153$1,579$1,147$421
27 years$3,668$2,729$1,999$1,446$1,034$362
28 years$3,499$2,572$1,859$1,324$933$311
29 years$3,342$2,426$1,730$1,215$842$268
30 years$3,196$2,291$1,611$1,115$761$230
31 years$3,059$2,166$1,502$1,024$688$198
32 years$2,931$2,049$1,401$941$622$171
33 years$2,812$1,941$1,308$865$563$147
34 years$2,699$1,839$1,223$796$510$127
35 years$2,593$1,745$1,143$733$462$109
36 years$2,494$1,656$1,069$675$419$94
37 years$2,399$1,573$1,001$622$379$81
38 years$2,310$1,495$937$573$344$70
39 years$2,226$1,421$878$528$312$60
40 years$2,146$1,352$823$487$283$52
41 years$2,071$1,287$772$450$257$45
42 years$1,999$1,226$724$415$233$38
43 years$1,930$1,168$679$383$211$33
44 years$1,865$1,113$638$354$192$29
45 years$1,803$1,062$599$327$174$25
46 years$1,744$1,013$562$302$158$21
47 years$1,688$967$528$279$144$18
48 years$1,634$923$496$258$130$16
49 years$1,582$881$467$238$118$14
50 years$1,533$842$439$220$108$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,570,000, adding $5,062 every year, while hoping to spend $42,220 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: 57/32/11 Blend
66$1,570,000$1,570,000$1,570,000$1,570,000
67$1,735,361$1,652,151$1,627,816$1,829,298
68$1,867,447$1,688,185$1,637,427$1,929,340
69$2,011,589$1,724,569$1,645,944$2,033,174
70$2,168,975$1,761,277$1,653,286$2,145,304
71$2,340,909$1,798,277$1,659,369$2,266,531
72$2,528,826$1,835,538$1,664,103$2,397,735
73$2,734,310$1,873,023$1,667,394$2,539,889
74$2,959,100$1,910,691$1,669,142$2,694,060
75$3,205,114$1,948,501$1,669,245$2,861,427
76$3,474,464$1,986,406$1,667,592$3,043,289
77$3,769,474$2,024,355$1,664,071$3,241,075
78$4,092,704$2,062,292$1,658,562$3,456,363
79$4,446,974$2,100,159$1,650,938$3,690,888
80$4,835,390$2,137,890$1,641,068$3,946,565
81$5,261,370$2,175,418$1,628,815$4,225,504
82$5,728,684$2,212,667$1,614,034$4,530,029
83$6,241,478$2,249,556$1,596,573$4,862,704
84$6,804,325$2,286,000$1,576,274$5,226,350
85$7,422,257$2,321,906$1,552,970$5,624,082
86$8,100,821$2,357,173$1,526,489$6,059,329
87$8,846,126$2,391,696$1,496,647$6,535,873
88$9,664,901$2,425,359$1,463,255$7,057,880
89$10,564,560$2,458,040$1,426,113$7,629,943
90$11,553,270$2,489,609$1,385,013$8,257,127
91$12,640,029$2,519,926$1,339,736$8,945,010
92$13,834,750$2,548,840$1,290,055$9,699,743
93$15,148,353$2,576,192$1,235,731$10,528,107
94$16,592,872$2,601,811$1,176,514$11,437,573
95$18,181,562$2,625,517$1,112,144$12,436,378
96$19,929,029$2,647,116$1,042,349$13,533,600
97$21,851,365$2,666,400$966,843$14,739,248
98$23,966,302$2,683,151$885,330$16,064,350
99$26,293,374$2,697,135$797,498$17,521,064
100$28,854,107$2,708,103$703,023$19,122,791