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

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 $1,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$133,778$132,586$131,424$130,289$129,181$127,939
2 years$66,227$64,993$63,798$62,639$61,515$60,263
3 years$43,713$42,474$41,282$40,133$39,028$37,805
4 years$32,458$31,223$30,042$28,914$27,835$26,652
5 years$25,707$24,479$23,314$22,209$21,160$20,019
6 years$21,207$19,989$18,841$17,760$16,743$15,646
7 years$17,995$16,787$15,657$14,602$13,616$12,564
8 years$15,586$14,389$13,279$12,249$11,296$10,288
9 years$13,714$12,528$11,437$10,434$9,513$8,549
10 years$12,217$11,043$9,971$8,994$8,106$7,185
11 years$10,994$9,831$8,778$7,827$6,971$6,094
12 years$9,974$8,824$7,790$6,866$6,041$5,205
13 years$9,113$7,974$6,960$6,061$5,268$4,473
14 years$8,375$7,248$6,254$5,381$4,618$3,863
15 years$7,736$6,622$5,646$4,798$4,066$3,350
16 years$7,177$6,075$5,119$4,297$3,593$2,915
17 years$6,685$5,595$4,658$3,860$3,186$2,544
18 years$6,248$5,170$4,252$3,479$2,833$2,226
19 years$5,857$4,791$3,893$3,144$2,525$1,952
20 years$5,506$4,452$3,573$2,847$2,255$1,715
21 years$5,189$4,147$3,286$2,584$2,018$1,509
22 years$4,900$3,871$3,029$2,349$1,809$1,330
23 years$4,638$3,621$2,797$2,140$1,624$1,173
24 years$4,397$3,392$2,586$1,951$1,460$1,036
25 years$4,177$3,184$2,395$1,782$1,314$916
26 years$3,973$2,992$2,222$1,630$1,183$811
27 years$3,785$2,816$2,063$1,492$1,067$718
28 years$3,611$2,653$1,918$1,367$963$636
29 years$3,449$2,503$1,785$1,253$869$564
30 years$3,298$2,364$1,662$1,150$785$500
31 years$3,157$2,235$1,550$1,056$710$444
32 years$3,025$2,115$1,446$971$642$394
33 years$2,901$2,003$1,350$893$581$350
34 years$2,785$1,898$1,261$821$526$311
35 years$2,676$1,800$1,179$756$477$276
36 years$2,573$1,709$1,103$696$432$245
37 years$2,476$1,623$1,033$642$391$218
38 years$2,384$1,542$967$591$355$194
39 years$2,297$1,467$906$545$322$173
40 years$2,215$1,395$849$503$292$153
41 years$2,137$1,328$796$464$265$136
42 years$2,062$1,265$747$428$240$121
43 years$1,992$1,205$701$395$218$108
44 years$1,925$1,149$658$365$198$96
45 years$1,861$1,095$618$337$180$86
46 years$1,800$1,045$580$311$163$76
47 years$1,742$997$545$288$148$68
48 years$1,686$952$512$266$135$60
49 years$1,633$909$481$246$122$54
50 years$1,582$868$453$227$111$48

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 $3,152 every year, while hoping to spend $48,812 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: 76/19/5 Blend
66$1,620,000$1,620,000$1,620,000$1,620,000
67$1,788,491$1,702,631$1,677,521$1,923,647
68$1,918,982$1,734,125$1,681,783$2,044,317
69$2,061,146$1,765,525$1,684,551$2,169,929
70$2,216,124$1,796,777$1,685,724$2,306,164
71$2,385,169$1,827,819$1,685,196$2,454,057
72$2,569,661$1,858,587$1,682,855$2,614,743
73$2,771,119$1,889,011$1,678,583$2,789,475
74$2,991,216$1,919,014$1,672,258$2,979,633
75$3,231,792$1,948,518$1,663,751$3,186,735
76$3,494,874$1,977,434$1,652,926$3,412,455
77$3,782,693$2,005,671$1,639,641$3,658,637
78$4,097,708$2,033,129$1,623,749$3,927,310
79$4,442,623$2,059,701$1,605,093$4,220,713
80$4,820,418$2,085,274$1,583,512$4,541,310
81$5,234,375$2,109,727$1,558,834$4,891,815
82$5,688,107$2,132,929$1,530,880$5,275,222
83$6,185,594$2,154,743$1,499,465$5,694,825
84$6,731,220$2,175,021$1,464,393$6,154,258
85$7,329,813$2,193,605$1,425,458$6,657,521
86$7,986,691$2,210,329$1,382,447$7,209,025
87$8,707,710$2,225,012$1,335,137$7,813,628
88$9,499,325$2,237,466$1,283,292$8,476,685
89$10,368,643$2,247,488$1,226,669$9,204,097
90$11,323,493$2,254,864$1,165,011$10,002,365
91$12,372,501$2,259,364$1,098,051$10,878,653
92$13,525,169$2,260,746$1,025,508$11,840,858
93$14,791,966$2,258,752$947,092$12,897,681
94$16,184,424$2,253,108$862,497$14,058,710
95$17,715,248$2,243,523$771,404$15,334,513
96$19,398,436$2,229,689$673,479$16,736,734
97$21,249,412$2,211,278$568,375$18,278,207
98$23,285,165$2,187,944$455,729$19,973,075
99$25,524,417$2,159,319$335,161$21,836,925
100$27,987,794$2,125,012$206,275$23,886,933