Can I retire at age 67 with 1,600,000?

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 $1,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$132,127$130,950$129,801$128,681$127,586$124,654
2 years$65,409$64,191$63,010$61,866$60,755$57,817
3 years$43,173$41,950$40,772$39,638$38,546$35,694
4 years$32,057$30,837$29,671$28,557$27,491$24,747
5 years$25,389$24,177$23,026$21,934$20,898$18,270
6 years$20,945$19,742$18,609$17,541$16,536$14,026
7 years$17,773$16,579$15,464$14,422$13,448$11,057
8 years$15,394$14,212$13,115$12,098$11,157$8,883
9 years$13,545$12,374$11,296$10,305$9,396$7,238
10 years$12,067$10,907$9,848$8,883$8,005$5,962
11 years$10,858$9,710$8,670$7,731$6,885$4,953
12 years$9,851$8,715$7,694$6,781$5,966$4,142
13 years$9,000$7,876$6,874$5,986$5,203$3,483
14 years$8,271$7,159$6,177$5,314$4,561$2,942
15 years$7,640$6,540$5,577$4,739$4,016$2,494
16 years$7,089$6,000$5,056$4,243$3,549$2,121
17 years$6,602$5,526$4,601$3,813$3,147$1,808
18 years$6,171$5,106$4,200$3,436$2,798$1,544
19 years$5,785$4,732$3,845$3,105$2,494$1,322
20 years$5,438$4,398$3,529$2,812$2,228$1,133
21 years$5,124$4,096$3,246$2,552$1,993$973
22 years$4,840$3,824$2,991$2,320$1,787$836
23 years$4,581$3,576$2,762$2,113$1,604$719
24 years$4,343$3,351$2,554$1,927$1,442$619
25 years$4,125$3,144$2,366$1,760$1,297$533
26 years$3,924$2,955$2,194$1,609$1,169$459
27 years$3,738$2,781$2,038$1,473$1,054$396
28 years$3,566$2,621$1,894$1,350$951$342
29 years$3,406$2,472$1,763$1,238$858$295
30 years$3,257$2,335$1,642$1,136$776$255
31 years$3,118$2,207$1,531$1,043$701$220
32 years$2,987$2,088$1,428$959$634$190
33 years$2,865$1,978$1,333$882$574$164
34 years$2,751$1,875$1,246$811$520$142
35 years$2,643$1,778$1,165$747$471$122
36 years$2,541$1,688$1,090$688$427$106
37 years$2,445$1,603$1,020$634$387$92
38 years$2,355$1,523$955$584$350$79
39 years$2,269$1,448$895$539$318$68
40 years$2,187$1,378$839$497$288$59
41 years$2,110$1,312$786$458$262$51
42 years$2,037$1,249$738$423$237$44
43 years$1,967$1,190$692$390$215$38
44 years$1,901$1,135$650$361$195$33
45 years$1,838$1,082$610$333$177$29
46 years$1,778$1,032$573$308$161$25
47 years$1,720$985$538$284$146$21
48 years$1,665$940$506$263$133$19
49 years$1,612$898$476$243$121$16
50 years$1,562$858$447$224$110$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,600,000, adding $4,285 every year, while hoping to spend $47,197 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: 71/9/20 Blend
66$1,600,000$1,600,000$1,600,000$1,600,000
67$1,767,620$1,682,820$1,658,020$1,884,240
68$1,897,700$1,715,061$1,663,346$1,994,726
69$2,039,466$1,747,300$1,667,269$2,109,633
70$2,194,061$1,779,487$1,669,692$2,234,267
71$2,362,741$1,811,568$1,670,513$2,369,585
72$2,546,891$1,843,485$1,669,625$2,516,642
73$2,748,033$1,875,175$1,666,917$2,676,602
74$2,967,845$1,906,570$1,662,271$2,850,745
75$3,208,172$1,937,599$1,655,564$3,040,483
76$3,471,047$1,968,183$1,646,667$3,247,374
77$3,758,708$1,998,238$1,635,444$3,473,133
78$4,073,619$2,027,675$1,621,754$3,719,650
79$4,418,494$2,056,396$1,605,449$3,989,009
80$4,796,321$2,084,301$1,586,372$4,283,506
81$5,210,392$2,111,277$1,564,362$4,605,672
82$5,664,330$2,137,209$1,539,246$4,958,297
83$6,162,129$2,161,968$1,510,848$5,344,456
84$6,708,183$2,185,423$1,478,979$5,767,537
85$7,307,338$2,207,428$1,443,444$6,231,277
86$7,964,926$2,227,831$1,404,039$6,739,792
87$8,686,823$2,246,470$1,360,549$7,297,620
88$9,479,502$2,263,171$1,312,751$7,909,764
89$10,350,094$2,277,748$1,260,411$8,581,735
90$11,306,452$2,290,006$1,203,283$9,319,611
91$12,357,228$2,299,735$1,141,111$10,130,088
92$13,511,956$2,306,712$1,073,629$11,020,550
93$14,781,136$2,310,702$1,000,556$11,999,133
94$16,176,338$2,311,452$921,600$13,074,804
95$17,710,307$2,308,696$836,457$14,257,449
96$19,397,087$2,302,150$744,806$15,557,962
97$21,252,148$2,291,514$646,316$16,988,352
98$23,292,538$2,276,469$540,638$18,561,854
99$25,537,036$2,256,675$427,409$20,293,056
100$28,006,336$2,231,774$306,249$22,198,037