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%18.6%
1 years$141,210$139,952$138,725$137,527$136,358$131,624
2 years$69,906$68,604$67,342$66,119$64,932$60,212
3 years$46,141$44,834$43,575$42,363$41,196$36,638
4 years$34,261$32,957$31,711$30,520$29,381$25,020
5 years$27,135$25,839$24,609$23,442$22,335$18,182
6 years$22,385$21,099$19,888$18,747$17,673$13,731
7 years$18,994$17,719$16,527$15,413$14,373$10,642
8 years$16,452$15,189$14,016$12,930$11,924$8,400
9 years$14,476$13,225$12,072$11,013$10,041$6,721
10 years$12,896$11,657$10,525$9,493$8,556$5,433
11 years$11,604$10,377$9,266$8,262$7,358$4,427
12 years$10,529$9,314$8,223$7,247$6,377$3,630
13 years$9,619$8,417$7,347$6,398$5,560$2,991
14 years$8,840$7,651$6,601$5,679$4,874$2,474
15 years$8,166$6,989$5,960$5,065$4,292$2,054
16 years$7,576$6,413$5,404$4,535$3,793$1,709
17 years$7,056$5,906$4,917$4,075$3,363$1,426
18 years$6,595$5,457$4,489$3,672$2,990$1,191
19 years$6,182$5,058$4,109$3,318$2,665$997
20 years$5,812$4,700$3,771$3,005$2,381$835
21 years$5,477$4,378$3,469$2,727$2,131$700
22 years$5,173$4,086$3,197$2,480$1,910$588
23 years$4,895$3,822$2,952$2,258$1,714$494
24 years$4,642$3,581$2,730$2,060$1,541$415
25 years$4,409$3,361$2,529$1,881$1,386$349
26 years$4,194$3,158$2,345$1,720$1,249$294
27 years$3,995$2,972$2,178$1,574$1,126$247
28 years$3,811$2,801$2,024$1,443$1,016$208
29 years$3,640$2,642$1,884$1,323$917$175
30 years$3,481$2,495$1,755$1,214$829$148
31 years$3,332$2,359$1,636$1,115$749$124
32 years$3,193$2,232$1,526$1,025$678$105
33 years$3,062$2,114$1,425$942$614$88
34 years$2,940$2,003$1,332$867$555$74
35 years$2,825$1,900$1,245$798$503$63
36 years$2,716$1,804$1,165$735$456$53
37 years$2,613$1,713$1,090$677$413$45
38 years$2,516$1,628$1,021$624$375$38
39 years$2,425$1,548$956$576$340$32
40 years$2,338$1,473$896$531$308$27
41 years$2,255$1,402$841$490$280$22
42 years$2,177$1,335$788$452$254$19
43 years$2,103$1,272$740$417$230$16
44 years$2,032$1,213$694$385$209$13
45 years$1,964$1,156$652$356$190$11
46 years$1,900$1,103$612$329$172$10
47 years$1,838$1,053$575$304$156$8
48 years$1,780$1,005$541$281$142$7
49 years$1,723$960$508$259$129$6
50 years$1,670$917$478$240$117$5

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 $3,522 every year, while hoping to spend $48,713 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: 29/49/22 Blend
66$1,710,000$1,710,000$1,710,000$1,710,000
67$1,888,053$1,797,423$1,770,918$1,929,709
68$2,028,804$1,833,666$1,778,413$1,998,406
69$2,182,279$1,870,053$1,784,527$2,067,646
70$2,349,725$1,906,539$1,789,162$2,141,069
71$2,532,512$1,943,075$1,792,215$2,219,064
72$2,732,153$1,979,610$1,793,578$2,302,063
73$2,950,308$2,016,086$1,793,139$2,390,544
74$3,188,809$2,052,444$1,790,778$2,485,031
75$3,449,670$2,088,616$1,786,372$2,586,108
76$3,735,110$2,124,533$1,779,789$2,694,418
77$4,047,573$2,160,116$1,770,894$2,810,670
78$4,389,749$2,195,285$1,759,542$2,935,650
79$4,764,601$2,229,952$1,745,584$3,070,226
80$5,175,391$2,264,020$1,728,862$3,215,356
81$5,625,712$2,297,389$1,709,211$3,372,098
82$6,119,524$2,329,949$1,686,458$3,541,622
83$6,661,183$2,361,585$1,660,422$3,725,220
84$7,255,492$2,392,171$1,630,915$3,924,321
85$7,907,739$2,421,574$1,597,737$4,140,499
86$8,623,749$2,449,652$1,560,682$4,375,497
87$9,409,939$2,476,252$1,519,532$4,631,238
88$10,273,377$2,501,212$1,474,060$4,909,846
89$11,221,849$2,524,360$1,424,030$5,213,667
90$12,263,935$2,545,511$1,369,192$5,545,290
91$13,409,083$2,564,468$1,309,286$5,907,577
92$14,667,704$2,581,021$1,244,042$6,303,685
93$16,051,268$2,594,950$1,173,176$6,737,100
94$17,572,411$2,606,015$1,096,390$7,211,672
95$19,245,053$2,613,966$1,013,376$7,731,650
96$21,084,533$2,618,535$923,808$8,301,724
97$23,107,749$2,619,437$827,349$8,927,072
98$25,333,319$2,616,369$723,646$9,613,409
99$27,781,759$2,609,012$612,329$10,367,042
100$30,475,669$2,597,024$493,012$11,194,931