Can I retire at age 67 with 1,670,000?

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 $1,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$137,907$136,679$135,480$134,310$133,168$128,802
2 years$68,271$66,999$65,767$64,572$63,413$59,057
3 years$45,062$43,785$42,556$41,372$40,232$36,021
4 years$33,460$32,186$30,970$29,806$28,694$24,661
5 years$26,500$25,235$24,034$22,894$21,813$17,968
6 years$21,862$20,606$19,423$18,309$17,260$13,607
7 years$18,550$17,305$16,140$15,052$14,037$10,576
8 years$16,068$14,833$13,688$12,627$11,645$8,373
9 years$14,138$12,915$11,790$10,756$9,807$6,720
10 years$12,595$11,384$10,279$9,271$8,356$5,449
11 years$11,333$10,135$9,049$8,069$7,186$4,454
12 years$10,282$9,096$8,031$7,077$6,227$3,664
13 years$9,394$8,220$7,175$6,248$5,430$3,030
14 years$8,633$7,472$6,447$5,547$4,760$2,515
15 years$7,975$6,826$5,821$4,947$4,191$2,095
16 years$7,399$6,263$5,277$4,429$3,704$1,750
17 years$6,891$5,768$4,802$3,980$3,284$1,465
18 years$6,441$5,330$4,384$3,586$2,920$1,229
19 years$6,038$4,939$4,013$3,241$2,603$1,032
20 years$5,676$4,590$3,683$2,935$2,325$868
21 years$5,349$4,275$3,388$2,664$2,081$731
22 years$5,052$3,991$3,122$2,422$1,865$616
23 years$4,781$3,733$2,883$2,206$1,674$519
24 years$4,533$3,497$2,666$2,012$1,505$438
25 years$4,306$3,282$2,469$1,837$1,354$370
26 years$4,096$3,084$2,290$1,680$1,220$313
27 years$3,902$2,903$2,127$1,538$1,100$264
28 years$3,722$2,735$1,977$1,409$992$223
29 years$3,555$2,580$1,840$1,292$896$189
30 years$3,399$2,437$1,714$1,186$810$160
31 years$3,254$2,304$1,598$1,089$732$135
32 years$3,118$2,180$1,491$1,001$662$114
33 years$2,991$2,064$1,392$920$599$97
34 years$2,871$1,957$1,300$847$542$82
35 years$2,758$1,856$1,216$779$491$69
36 years$2,652$1,761$1,137$718$445$59
37 years$2,552$1,673$1,065$661$403$50
38 years$2,458$1,590$997$610$366$42
39 years$2,368$1,512$934$562$332$36
40 years$2,283$1,438$875$518$301$30
41 years$2,203$1,369$821$478$273$25
42 years$2,126$1,304$770$441$248$22
43 years$2,053$1,242$723$408$225$18
44 years$1,984$1,184$678$376$204$15
45 years$1,918$1,129$637$347$185$13
46 years$1,855$1,077$598$321$168$11
47 years$1,795$1,028$562$297$153$9
48 years$1,738$981$528$274$139$8
49 years$1,683$937$496$253$126$7
50 years$1,631$895$467$234$114$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,670,000, adding $3,282 every year, while hoping to spend $20,269 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: 81/14/5 Blend
66$1,670,000$1,670,000$1,670,000$1,670,000
67$1,843,725$1,755,215$1,729,330$1,992,572
68$2,010,219$1,819,655$1,765,697$2,154,805
69$2,193,016$1,886,573$1,802,602$2,329,770
70$2,393,758$1,956,069$1,840,043$2,521,160
71$2,614,252$2,028,247$1,878,016$2,730,606
72$2,856,491$2,103,217$1,916,515$2,959,901
73$3,122,670$2,181,091$1,955,535$3,211,021
74$3,415,206$2,261,987$1,995,068$3,486,139
75$3,736,761$2,346,029$2,035,108$3,787,653
76$4,090,272$2,433,346$2,075,645$4,118,198
77$4,478,970$2,524,070$2,116,669$4,480,681
78$4,906,417$2,618,342$2,158,170$4,878,300
79$5,376,537$2,716,306$2,200,134$5,314,578
80$5,893,654$2,818,115$2,242,549$5,793,398
81$6,462,532$2,923,928$2,285,399$6,319,033
82$7,088,418$3,033,908$2,328,668$6,896,192
83$7,777,096$3,148,229$2,372,338$7,530,061
84$8,534,937$3,267,070$2,416,389$8,226,353
85$9,368,963$3,390,618$2,460,799$8,991,362
86$10,286,908$3,519,069$2,505,547$9,832,020
87$11,297,296$3,652,627$2,550,606$10,755,963
88$12,409,519$3,791,505$2,595,951$11,771,606
89$13,633,926$3,935,924$2,641,551$12,888,217
90$14,981,919$4,086,117$2,687,376$14,116,007
91$16,466,063$4,242,326$2,733,391$15,466,225
92$18,100,204$4,404,802$2,779,562$16,951,266
93$19,899,598$4,573,810$2,825,850$18,584,783
94$21,881,054$4,749,624$2,872,214$20,381,821
95$24,063,097$4,932,531$2,918,609$22,358,954
96$26,466,140$5,122,832$2,964,988$24,534,445
97$29,112,673$5,320,838$3,011,303$26,928,414
98$32,027,484$5,526,877$3,057,499$29,563,030
99$35,237,882$5,741,289$3,103,520$32,462,720
100$38,773,964$5,964,430$3,149,307$35,654,396