Can I retire at age 67 with 1,680,000?

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 $1,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$138,733$137,497$136,291$135,115$133,966$132,732
2 years$68,680$67,401$66,161$64,959$63,793$62,551
3 years$45,332$44,047$42,810$41,620$40,473$39,260
4 years$33,660$32,379$31,155$29,985$28,866$27,691
5 years$26,659$25,386$24,178$23,031$21,943$20,810
6 years$21,993$20,729$19,539$18,418$17,363$16,274
7 years$18,661$17,408$16,237$15,143$14,121$13,075
8 years$16,164$14,922$13,770$12,703$11,714$10,713
9 years$14,222$12,993$11,860$10,820$9,865$8,907
10 years$12,670$11,452$10,340$9,327$8,406$7,491
11 years$11,401$10,195$9,103$8,117$7,229$6,357
12 years$10,344$9,151$8,079$7,120$6,265$5,433
13 years$9,450$8,270$7,218$6,286$5,463$4,672
14 years$8,685$7,517$6,485$5,580$4,789$4,038
15 years$8,022$6,867$5,855$4,976$4,216$3,504
16 years$7,443$6,300$5,309$4,456$3,726$3,051
17 years$6,932$5,802$4,831$4,003$3,304$2,664
18 years$6,479$5,361$4,410$3,608$2,938$2,333
19 years$6,074$4,969$4,037$3,260$2,619$2,047
20 years$5,710$4,617$3,705$2,953$2,339$1,800
21 years$5,381$4,301$3,408$2,680$2,093$1,585
22 years$5,082$4,015$3,141$2,436$1,876$1,398
23 years$4,810$3,755$2,900$2,219$1,684$1,234
24 years$4,560$3,518$2,682$2,024$1,514$1,091
25 years$4,331$3,302$2,484$1,848$1,362$965
26 years$4,120$3,103$2,304$1,690$1,227$855
27 years$3,925$2,920$2,139$1,547$1,106$758
28 years$3,744$2,752$1,989$1,417$998$672
29 years$3,576$2,596$1,851$1,300$901$596
30 years$3,420$2,452$1,724$1,193$814$529
31 years$3,274$2,318$1,607$1,095$736$470
32 years$3,137$2,193$1,500$1,007$666$417
33 years$3,009$2,077$1,400$926$603$371
34 years$2,888$1,968$1,308$852$546$330
35 years$2,775$1,867$1,223$784$494$293
36 years$2,668$1,772$1,144$722$448$261
37 years$2,567$1,683$1,071$665$406$232
38 years$2,472$1,599$1,003$613$368$207
39 years$2,382$1,521$940$565$334$184
40 years$2,297$1,447$881$522$303$164
41 years$2,216$1,377$826$481$275$146
42 years$2,139$1,312$775$444$249$130
43 years$2,066$1,250$727$410$226$116
44 years$1,996$1,191$682$379$205$103
45 years$1,930$1,136$641$350$186$92
46 years$1,866$1,084$602$323$169$82
47 years$1,806$1,034$565$298$154$73
48 years$1,748$987$531$276$140$65
49 years$1,693$943$499$255$127$58
50 years$1,640$901$469$235$115$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,680,000, adding $2,162 every year, while hoping to spend $59,381 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: 58/15/27 Blend
66$1,680,000$1,680,000$1,680,000$1,680,000
67$1,853,590$1,764,550$1,738,510$1,947,347
68$1,979,475$1,787,832$1,733,569$2,035,034
69$2,116,211$1,810,265$1,726,473$2,124,130
70$2,264,840$1,831,744$1,717,086$2,220,043
71$2,426,512$1,852,158$1,705,266$2,323,452
72$2,602,491$1,871,388$1,690,867$2,435,103
73$2,794,166$1,889,307$1,673,732$2,555,822
74$3,003,068$1,905,780$1,653,699$2,686,522
75$3,230,881$1,920,663$1,630,598$2,828,207
76$3,479,458$1,933,802$1,604,250$2,981,990
77$3,750,839$1,945,035$1,574,469$3,149,096
78$4,047,270$1,954,187$1,541,059$3,330,878
79$4,371,223$1,961,074$1,503,816$3,528,833
80$4,725,420$1,965,499$1,462,526$3,744,607
81$5,112,857$1,967,253$1,416,965$3,980,022
82$5,536,835$1,966,114$1,366,900$4,237,087
83$6,000,986$1,961,848$1,312,085$4,518,019
84$6,509,311$1,954,203$1,252,265$4,825,264
85$7,066,217$1,942,915$1,187,171$5,161,523
86$7,676,555$1,927,702$1,116,525$5,529,774
87$8,345,669$1,908,265$1,040,035$5,933,305
88$9,079,446$1,884,288$957,394$6,375,744
89$9,884,367$1,855,436$868,284$6,861,091
90$10,767,572$1,821,353$772,372$7,393,762
91$11,736,928$1,781,662$669,310$7,978,628
92$12,801,095$1,735,964$558,733$8,621,062
93$13,969,619$1,683,838$440,262$9,326,992
94$15,253,010$1,624,837$313,501$10,102,955
95$16,662,850$1,558,487$178,036$10,956,164
96$18,211,896$1,484,287$33,435$11,894,574
97$19,914,201$1,401,709$0$12,926,959
98$21,785,250$1,310,193$0$14,097,820
99$23,842,099$1,209,146$0$15,395,549
100$26,103,541$1,097,942$0$16,822,415