Can I retire at age 67 with 1,710,000?

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 $1,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$141,210$139,952$138,725$137,527$136,358$134,431
2 years$69,906$68,604$67,342$66,119$64,932$62,995
3 years$46,141$44,834$43,575$42,363$41,196$39,308
4 years$34,261$32,957$31,711$30,520$29,381$27,557
5 years$27,135$25,839$24,609$23,442$22,335$20,581
6 years$22,385$21,099$19,888$18,747$17,673$15,990
7 years$18,994$17,719$16,527$15,413$14,373$12,762
8 years$16,452$15,189$14,016$12,930$11,924$10,385
9 years$14,476$13,225$12,072$11,013$10,041$8,573
10 years$12,896$11,657$10,525$9,493$8,556$7,158
11 years$11,604$10,377$9,266$8,262$7,358$6,029
12 years$10,529$9,314$8,223$7,247$6,377$5,114
13 years$9,619$8,417$7,347$6,398$5,560$4,364
14 years$8,840$7,651$6,601$5,679$4,874$3,741
15 years$8,166$6,989$5,960$5,065$4,292$3,220
16 years$7,576$6,413$5,404$4,535$3,793$2,781
17 years$7,056$5,906$4,917$4,075$3,363$2,408
18 years$6,595$5,457$4,489$3,672$2,990$2,091
19 years$6,182$5,058$4,109$3,318$2,665$1,819
20 years$5,812$4,700$3,771$3,005$2,381$1,585
21 years$5,477$4,378$3,469$2,727$2,131$1,383
22 years$5,173$4,086$3,197$2,480$1,910$1,209
23 years$4,895$3,822$2,952$2,258$1,714$1,057
24 years$4,642$3,581$2,730$2,060$1,541$926
25 years$4,409$3,361$2,529$1,881$1,386$812
26 years$4,194$3,158$2,345$1,720$1,249$712
27 years$3,995$2,972$2,178$1,574$1,126$625
28 years$3,811$2,801$2,024$1,443$1,016$549
29 years$3,640$2,642$1,884$1,323$917$482
30 years$3,481$2,495$1,755$1,214$829$424
31 years$3,332$2,359$1,636$1,115$749$373
32 years$3,193$2,232$1,526$1,025$678$328
33 years$3,062$2,114$1,425$942$614$289
34 years$2,940$2,003$1,332$867$555$254
35 years$2,825$1,900$1,245$798$503$224
36 years$2,716$1,804$1,165$735$456$197
37 years$2,613$1,713$1,090$677$413$173
38 years$2,516$1,628$1,021$624$375$153
39 years$2,425$1,548$956$576$340$135
40 years$2,338$1,473$896$531$308$119
41 years$2,255$1,402$841$490$280$104
42 years$2,177$1,335$788$452$254$92
43 years$2,103$1,272$740$417$230$81
44 years$2,032$1,213$694$385$209$72
45 years$1,964$1,156$652$356$190$63
46 years$1,900$1,103$612$329$172$56
47 years$1,838$1,053$575$304$156$49
48 years$1,780$1,005$541$281$142$43
49 years$1,723$960$508$259$129$38
50 years$1,670$917$478$240$117$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,710,000, adding $4,322 every year, while hoping to spend $59,232 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: 53/37/10 Blend
66$1,710,000$1,710,000$1,710,000$1,710,000
67$1,888,878$1,798,248$1,771,743$1,983,945
68$2,018,521$1,823,340$1,768,074$2,074,122
69$2,159,403$1,847,676$1,762,297$2,165,403
70$2,312,607$1,871,157$1,754,279$2,263,323
71$2,479,325$1,893,676$1,743,879$2,368,522
72$2,660,870$1,915,120$1,730,953$2,481,706
73$2,858,685$1,935,367$1,715,346$2,603,658
74$3,074,359$1,954,288$1,696,898$2,735,236
75$3,309,640$1,971,745$1,675,441$2,877,393
76$3,566,453$1,987,590$1,650,799$3,031,178
77$3,846,918$2,001,668$1,622,787$3,197,747
78$4,153,365$2,013,812$1,591,211$3,378,379
79$4,488,363$2,023,843$1,555,872$3,574,483
80$4,854,738$2,031,574$1,516,556$3,787,616
81$5,255,603$2,036,803$1,473,042$4,019,495
82$5,694,386$2,039,317$1,425,100$4,272,016
83$6,174,859$2,038,890$1,372,487$4,547,270
84$6,701,180$2,035,280$1,314,951$4,847,564
85$7,277,925$2,028,234$1,252,226$5,175,447
86$7,910,134$2,017,478$1,184,036$5,533,727
87$8,603,360$2,002,726$1,110,093$5,925,506
88$9,363,715$1,983,673$1,030,094$6,354,207
89$10,197,936$1,959,994$943,724$6,823,604
90$11,113,439$1,931,348$850,653$7,337,863
91$12,118,396$1,897,370$750,536$7,901,580
92$13,221,808$1,857,676$643,014$8,519,826
93$14,433,588$1,811,859$527,711$9,198,194
94$15,764,660$1,759,485$404,235$9,942,856
95$17,227,054$1,700,099$272,176$10,760,621
96$18,834,026$1,633,216$131,106$11,658,997
97$20,600,179$1,558,326$0$12,646,269
98$22,541,599$1,474,885$0$13,733,649
99$24,676,010$1,382,323$0$14,944,207
100$27,022,939$1,280,033$0$16,275,108