Can I retire at age 67 with 1,700,000?

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 $1,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$140,384$139,134$137,914$136,723$135,560$131,909
2 years$69,497$68,203$66,949$65,732$64,553$60,900
3 years$45,871$44,571$43,320$42,115$40,955$37,415
4 years$34,061$32,765$31,526$30,342$29,209$25,810
5 years$26,976$25,688$24,465$23,305$22,204$18,955
6 years$22,255$20,976$19,772$18,637$17,570$14,473
7 years$18,883$17,616$16,430$15,323$14,289$11,345
8 years$16,356$15,100$13,934$12,854$11,854$9,061
9 years$14,392$13,147$12,002$10,949$9,983$7,339
10 years$12,821$11,589$10,463$9,438$8,506$6,007
11 years$11,537$10,317$9,212$8,214$7,315$4,958
12 years$10,467$9,260$8,175$7,205$6,339$4,120
13 years$9,563$8,368$7,304$6,361$5,528$3,441
14 years$8,788$7,606$6,563$5,646$4,846$2,887
15 years$8,118$6,949$5,925$5,035$4,267$2,430
16 years$7,532$6,375$5,372$4,509$3,771$2,052
17 years$7,015$5,871$4,888$4,051$3,343$1,736
18 years$6,556$5,425$4,462$3,651$2,973$1,473
19 years$6,146$5,028$4,085$3,299$2,650$1,251
20 years$5,778$4,672$3,749$2,988$2,367$1,064
21 years$5,445$4,352$3,448$2,712$2,118$906
22 years$5,142$4,063$3,178$2,465$1,899$773
23 years$4,867$3,800$2,935$2,245$1,704$659
24 years$4,615$3,560$2,714$2,048$1,532$563
25 years$4,383$3,341$2,514$1,870$1,378$481
26 years$4,169$3,140$2,331$1,710$1,242$411
27 years$3,972$2,955$2,165$1,565$1,119$352
28 years$3,789$2,784$2,013$1,434$1,010$301
29 years$3,619$2,627$1,873$1,315$912$258
30 years$3,460$2,481$1,744$1,207$824$221
31 years$3,313$2,345$1,626$1,108$745$189
32 years$3,174$2,219$1,517$1,019$674$162
33 years$3,044$2,101$1,417$937$610$139
34 years$2,923$1,992$1,324$862$552$119
35 years$2,808$1,889$1,238$793$500$102
36 years$2,700$1,793$1,158$731$453$87
37 years$2,598$1,703$1,084$673$411$75
38 years$2,502$1,618$1,015$621$372$64
39 years$2,411$1,539$951$572$338$55
40 years$2,324$1,464$891$528$306$47
41 years$2,242$1,394$836$487$278$40
42 years$2,164$1,327$784$449$252$35
43 years$2,090$1,265$736$415$229$30
44 years$2,020$1,206$690$383$208$25
45 years$1,953$1,150$648$354$189$22
46 years$1,889$1,097$609$327$171$19
47 years$1,828$1,047$572$302$155$16
48 years$1,769$999$538$279$141$14
49 years$1,713$954$505$258$128$12
50 years$1,660$911$475$238$116$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,700,000, adding $3,266 every year, while hoping to spend $53,540 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: 48/33/19 Blend
66$1,700,000$1,700,000$1,700,000$1,700,000
67$1,876,769$1,786,669$1,760,319$1,956,651
68$2,011,233$1,817,250$1,762,323$2,043,071
69$2,157,618$1,847,534$1,762,601$2,131,169
70$2,317,084$1,877,452$1,761,036$2,225,701
71$2,490,906$1,906,926$1,757,510$2,327,293
72$2,680,488$1,935,875$1,751,897$2,436,635
73$2,887,376$1,964,212$1,744,063$2,554,486
74$3,113,271$1,991,841$1,733,872$2,681,689
75$3,360,046$2,018,663$1,721,179$2,819,170
76$3,629,763$2,044,569$1,705,830$2,967,953
77$3,924,691$2,069,445$1,687,668$3,129,167
78$4,247,330$2,093,168$1,666,525$3,304,060
79$4,600,430$2,115,606$1,642,226$3,494,007
80$4,987,023$2,136,620$1,614,590$3,700,528
81$5,410,445$2,156,060$1,583,424$3,925,297
82$5,874,371$2,173,767$1,548,529$4,170,164
83$6,382,847$2,189,571$1,509,695$4,437,171
84$6,940,329$2,203,293$1,466,702$4,728,569
85$7,551,728$2,214,740$1,419,322$5,046,844
86$8,222,450$2,223,707$1,367,314$5,394,738
87$8,958,448$2,229,978$1,310,428$5,775,276
88$9,766,284$2,233,321$1,248,402$6,191,798
89$10,653,183$2,233,491$1,180,961$6,647,986
90$11,627,104$2,230,228$1,107,819$7,147,905
91$12,696,814$2,223,255$1,028,676$7,696,038
92$13,871,973$2,212,278$943,221$8,297,332
93$15,163,220$2,196,986$851,125$8,957,242
94$16,582,278$2,177,048$752,048$9,681,789
95$18,142,062$2,152,114$645,632$10,477,611
96$19,856,797$2,121,813$531,506$11,352,034
97$21,742,159$2,085,751$409,280$12,313,137
98$23,815,417$2,043,510$278,549$13,369,829
99$26,095,598$1,994,650$138,888$14,531,941
100$28,603,664$1,938,703$0$15,810,311