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%19.6%
1 years$129,649$128,494$127,368$126,268$125,194$120,369
2 years$64,183$62,987$61,829$60,706$59,616$54,813
3 years$42,363$41,163$40,007$38,895$37,823$33,192
4 years$31,456$30,259$29,115$28,021$26,976$22,553
5 years$24,913$23,724$22,595$21,523$20,506$16,303
6 years$20,553$19,372$18,260$17,212$16,226$12,245
7 years$17,439$16,269$15,174$14,151$13,196$9,435
8 years$15,105$13,945$12,869$11,871$10,947$7,404
9 years$13,291$12,142$11,084$10,111$9,219$5,888
10 years$11,840$10,702$9,663$8,716$7,855$4,729
11 years$10,654$9,528$8,507$7,586$6,756$3,829
12 years$9,667$8,552$7,550$6,654$5,854$3,118
13 years$8,831$7,728$6,745$5,874$5,105$2,552
14 years$8,116$7,025$6,061$5,214$4,475$2,097
15 years$7,497$6,417$5,472$4,650$3,940$1,728
16 years$6,956$5,888$4,961$4,164$3,482$1,428
17 years$6,479$5,422$4,515$3,741$3,088$1,182
18 years$6,055$5,010$4,121$3,372$2,746$980
19 years$5,676$4,644$3,773$3,047$2,447$814
20 years$5,336$4,315$3,462$2,759$2,186$677
21 years$5,028$4,019$3,185$2,504$1,956$563
22 years$4,749$3,752$2,935$2,277$1,753$469
23 years$4,495$3,509$2,710$2,074$1,574$391
24 years$4,262$3,288$2,506$1,891$1,415$326
25 years$4,048$3,085$2,321$1,727$1,273$272
26 years$3,850$2,900$2,153$1,579$1,147$227
27 years$3,668$2,729$1,999$1,446$1,034$189
28 years$3,499$2,572$1,859$1,324$933$158
29 years$3,342$2,426$1,730$1,215$842$132
30 years$3,196$2,291$1,611$1,115$761$110
31 years$3,059$2,166$1,502$1,024$688$92
32 years$2,931$2,049$1,401$941$622$77
33 years$2,812$1,941$1,308$865$563$64
34 years$2,699$1,839$1,223$796$510$54
35 years$2,593$1,745$1,143$733$462$45
36 years$2,494$1,656$1,069$675$419$38
37 years$2,399$1,573$1,001$622$379$31
38 years$2,310$1,495$937$573$344$26
39 years$2,226$1,421$878$528$312$22
40 years$2,146$1,352$823$487$283$18
41 years$2,071$1,287$772$450$257$15
42 years$1,999$1,226$724$415$233$13
43 years$1,930$1,168$679$383$211$11
44 years$1,865$1,113$638$354$192$9
45 years$1,803$1,062$599$327$174$7
46 years$1,744$1,013$562$302$158$6
47 years$1,688$967$528$279$144$5
48 years$1,634$923$496$258$130$4
49 years$1,582$881$467$238$118$4
50 years$1,533$842$439$220$108$3

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 $6,057 every year, while hoping to spend $45,300 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: 58/21/21 Blend
66$1,570,000$1,570,000$1,570,000$1,570,000
67$1,736,388$1,653,178$1,628,843$1,827,046
68$1,865,301$1,685,985$1,635,210$1,922,215
69$2,005,844$1,718,881$1,640,273$2,020,507
70$2,159,157$1,751,823$1,643,939$2,126,670
71$2,326,492$1,784,763$1,646,112$2,241,476
72$2,509,230$1,817,652$1,646,692$2,365,773
73$2,708,887$1,850,433$1,645,572$2,500,496
74$2,927,137$1,883,048$1,642,642$2,646,677
75$3,165,820$1,915,432$1,637,785$2,805,453
76$3,426,961$1,947,516$1,630,879$2,978,077
77$3,712,794$1,979,227$1,621,796$3,165,933
78$4,025,774$2,010,484$1,610,401$3,370,544
79$4,368,608$2,041,203$1,596,555$3,593,590
80$4,744,275$2,071,291$1,580,109$3,836,923
81$5,156,058$2,100,651$1,560,909$4,102,587
82$5,607,570$2,129,177$1,538,794$4,392,834
83$6,102,793$2,156,757$1,513,594$4,710,146
84$6,646,111$2,183,271$1,485,132$5,057,262
85$7,242,353$2,208,591$1,453,223$5,437,199
86$7,896,840$2,232,578$1,417,673$5,853,286
87$8,615,431$2,255,088$1,378,279$6,309,193
88$9,404,582$2,275,964$1,334,828$6,808,964
89$10,271,403$2,295,040$1,287,098$7,357,060
90$11,223,728$2,312,138$1,234,857$7,958,399
91$12,270,185$2,327,071$1,177,862$8,618,403
92$13,420,283$2,339,636$1,115,860$9,343,048
93$14,684,496$2,349,622$1,048,585$10,138,925
94$16,074,361$2,356,800$975,759$11,013,298
95$17,602,591$2,360,929$897,093$11,974,179
96$19,283,194$2,361,753$812,283$13,030,396
97$21,131,600$2,358,999$721,015$14,191,685
98$23,164,811$2,352,378$622,957$15,468,777
99$25,401,560$2,341,583$517,765$16,873,503
100$27,862,487$2,326,288$405,077$18,418,907