Can I retire at age 67 with 1,620,000?

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 $1,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$133,778$132,586$131,424$130,289$129,181$124,400
2 years$66,227$64,993$63,798$62,639$61,515$56,752
3 years$43,713$42,474$41,282$40,133$39,028$34,432
4 years$32,458$31,223$30,042$28,914$27,835$23,443
5 years$25,707$24,479$23,314$22,209$21,160$16,982
6 years$21,207$19,989$18,841$17,760$16,743$12,783
7 years$17,995$16,787$15,657$14,602$13,616$9,873
8 years$15,586$14,389$13,279$12,249$11,296$7,765
9 years$13,714$12,528$11,437$10,434$9,513$6,190
10 years$12,217$11,043$9,971$8,994$8,106$4,985
11 years$10,994$9,831$8,778$7,827$6,971$4,046
12 years$9,974$8,824$7,790$6,866$6,041$3,304
13 years$9,113$7,974$6,960$6,061$5,268$2,712
14 years$8,375$7,248$6,254$5,381$4,618$2,234
15 years$7,736$6,622$5,646$4,798$4,066$1,846
16 years$7,177$6,075$5,119$4,297$3,593$1,530
17 years$6,685$5,595$4,658$3,860$3,186$1,270
18 years$6,248$5,170$4,252$3,479$2,833$1,057
19 years$5,857$4,791$3,893$3,144$2,525$880
20 years$5,506$4,452$3,573$2,847$2,255$734
21 years$5,189$4,147$3,286$2,584$2,018$613
22 years$4,900$3,871$3,029$2,349$1,809$512
23 years$4,638$3,621$2,797$2,140$1,624$428
24 years$4,397$3,392$2,586$1,951$1,460$358
25 years$4,177$3,184$2,395$1,782$1,314$300
26 years$3,973$2,992$2,222$1,630$1,183$251
27 years$3,785$2,816$2,063$1,492$1,067$210
28 years$3,611$2,653$1,918$1,367$963$176
29 years$3,449$2,503$1,785$1,253$869$147
30 years$3,298$2,364$1,662$1,150$785$124
31 years$3,157$2,235$1,550$1,056$710$104
32 years$3,025$2,115$1,446$971$642$87
33 years$2,901$2,003$1,350$893$581$73
34 years$2,785$1,898$1,261$821$526$61
35 years$2,676$1,800$1,179$756$477$51
36 years$2,573$1,709$1,103$696$432$43
37 years$2,476$1,623$1,033$642$391$36
38 years$2,384$1,542$967$591$355$30
39 years$2,297$1,467$906$545$322$25
40 years$2,215$1,395$849$503$292$21
41 years$2,137$1,328$796$464$265$18
42 years$2,062$1,265$747$428$240$15
43 years$1,992$1,205$701$395$218$13
44 years$1,925$1,149$658$365$198$11
45 years$1,861$1,095$618$337$180$9
46 years$1,800$1,045$580$311$163$7
47 years$1,742$997$545$288$148$6
48 years$1,686$952$512$266$135$5
49 years$1,633$909$481$246$122$4
50 years$1,582$868$453$227$111$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,620,000, adding $6,511 every year, while hoping to spend $56,445 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: 60/31/9 Blend
66$1,620,000$1,620,000$1,620,000$1,620,000
67$1,791,956$1,706,096$1,680,986$1,895,470
68$1,914,679$1,729,638$1,677,242$1,989,224
69$2,048,027$1,752,441$1,671,481$2,084,424
70$2,193,025$1,774,411$1,663,575$2,186,860
71$2,350,801$1,795,444$1,653,392$2,297,234
72$2,522,593$1,815,431$1,640,791$2,416,316
73$2,709,767$1,834,256$1,625,627$2,544,956
74$2,913,823$1,851,795$1,607,745$2,684,093
75$3,136,414$1,867,914$1,586,986$2,834,762
76$3,379,359$1,882,472$1,563,180$2,998,104
77$3,644,660$1,895,319$1,536,153$3,175,377
78$3,934,520$1,906,295$1,505,719$3,367,970
79$4,251,367$1,915,229$1,471,686$3,577,414
80$4,597,871$1,921,940$1,433,853$3,805,397
81$4,976,973$1,926,235$1,392,006$4,053,781
82$5,391,913$1,927,909$1,345,927$4,324,623
83$5,846,256$1,926,745$1,295,384$4,620,187
84$6,343,930$1,922,511$1,240,135$4,942,972
85$6,889,260$1,914,962$1,179,928$5,295,736
86$7,487,008$1,903,839$1,114,499$5,681,518
87$8,142,420$1,888,864$1,043,572$6,103,672
88$8,861,273$1,869,745$966,858$6,565,896
89$9,649,932$1,846,172$884,057$7,072,269
90$10,515,406$1,817,815$794,854$7,627,290
91$11,465,415$1,784,326$698,919$8,235,920
92$12,508,465$1,745,335$595,910$8,903,630
93$13,653,923$1,700,451$485,468$9,636,454
94$14,912,110$1,649,261$367,219$10,441,048
95$16,294,396$1,591,324$240,770$11,324,750
96$17,813,303$1,526,178$105,715$12,295,652
97$19,482,631$1,453,332$0$13,362,678
98$21,317,580$1,372,266$0$14,539,359
99$23,334,897$1,282,431$0$15,843,930
100$25,553,033$1,183,246$0$17,278,240