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%16.9%
1 years$141,210$139,952$138,725$137,527$136,358$132,524
2 years$69,906$68,604$67,342$66,119$64,932$61,099
3 years$46,141$44,834$43,575$42,363$41,196$37,483
4 years$34,261$32,957$31,711$30,520$29,381$25,818
5 years$27,135$25,839$24,609$23,442$22,335$18,931
6 years$22,385$21,099$19,888$18,747$17,673$14,430
7 years$18,994$17,719$16,527$15,413$14,373$11,292
8 years$16,452$15,189$14,016$12,930$11,924$9,004
9 years$14,476$13,225$12,072$11,013$10,041$7,279
10 years$12,896$11,657$10,525$9,493$8,556$5,947
11 years$11,604$10,377$9,266$8,262$7,358$4,899
12 years$10,529$9,314$8,223$7,247$6,377$4,063
13 years$9,619$8,417$7,347$6,398$5,560$3,386
14 years$8,840$7,651$6,601$5,679$4,874$2,835
15 years$8,166$6,989$5,960$5,065$4,292$2,381
16 years$7,576$6,413$5,404$4,535$3,793$2,006
17 years$7,056$5,906$4,917$4,075$3,363$1,694
18 years$6,595$5,457$4,489$3,672$2,990$1,434
19 years$6,182$5,058$4,109$3,318$2,665$1,215
20 years$5,812$4,700$3,771$3,005$2,381$1,031
21 years$5,477$4,378$3,469$2,727$2,131$876
22 years$5,173$4,086$3,197$2,480$1,910$746
23 years$4,895$3,822$2,952$2,258$1,714$635
24 years$4,642$3,581$2,730$2,060$1,541$541
25 years$4,409$3,361$2,529$1,881$1,386$461
26 years$4,194$3,158$2,345$1,720$1,249$393
27 years$3,995$2,972$2,178$1,574$1,126$335
28 years$3,811$2,801$2,024$1,443$1,016$286
29 years$3,640$2,642$1,884$1,323$917$244
30 years$3,481$2,495$1,755$1,214$829$209
31 years$3,332$2,359$1,636$1,115$749$178
32 years$3,193$2,232$1,526$1,025$678$152
33 years$3,062$2,114$1,425$942$614$130
34 years$2,940$2,003$1,332$867$555$111
35 years$2,825$1,900$1,245$798$503$95
36 years$2,716$1,804$1,165$735$456$81
37 years$2,613$1,713$1,090$677$413$70
38 years$2,516$1,628$1,021$624$375$59
39 years$2,425$1,548$956$576$340$51
40 years$2,338$1,473$896$531$308$43
41 years$2,255$1,402$841$490$280$37
42 years$2,177$1,335$788$452$254$32
43 years$2,103$1,272$740$417$230$27
44 years$2,032$1,213$694$385$209$23
45 years$1,964$1,156$652$356$190$20
46 years$1,900$1,103$612$329$172$17
47 years$1,838$1,053$575$304$156$15
48 years$1,780$1,005$541$281$142$12
49 years$1,723$960$508$259$129$11
50 years$1,670$917$478$240$117$9

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 $2,805 every year, while hoping to spend $52,839 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: 81/12/7 Blend
66$1,710,000$1,710,000$1,710,000$1,710,000
67$1,887,313$1,796,683$1,770,178$2,038,621
68$2,023,599$1,828,501$1,773,259$2,169,870
69$2,172,015$1,860,106$1,774,672$2,306,591
70$2,333,742$1,891,433$1,774,306$2,455,035
71$2,510,082$1,922,411$1,772,043$2,616,346
72$2,702,465$1,952,963$1,767,760$2,791,783
73$2,912,465$1,983,008$1,761,329$2,982,733
74$3,141,818$2,012,457$1,752,615$3,190,722
75$3,392,432$2,041,215$1,741,476$3,417,433
76$3,666,408$2,069,183$1,727,763$3,664,718
77$3,966,059$2,096,251$1,711,322$3,934,617
78$4,293,934$2,122,304$1,691,988$4,229,379
79$4,652,838$2,147,219$1,669,592$4,551,479
80$5,045,859$2,170,864$1,643,954$4,903,645
81$5,476,398$2,193,098$1,614,889$5,288,882
82$5,948,202$2,213,772$1,582,199$5,710,502
83$6,465,396$2,232,724$1,545,680$6,172,152
84$7,032,524$2,249,785$1,505,118$6,677,852
85$7,654,591$2,264,774$1,460,289$7,232,028
86$8,337,108$2,277,496$1,410,957$7,839,562
87$9,086,146$2,287,747$1,356,877$8,505,828
88$9,908,394$2,295,308$1,297,794$9,236,750
89$10,811,219$2,299,946$1,233,438$10,038,856
90$11,802,734$2,301,415$1,163,530$10,919,339
91$12,891,881$2,299,452$1,087,776$11,886,124
92$14,088,507$2,293,779$1,005,870$12,947,945
93$15,403,460$2,284,100$917,493$14,114,425
94$16,848,694$2,270,101$822,309$15,396,170
95$18,437,374$2,251,450$719,970$16,804,867
96$20,184,009$2,227,794$610,112$18,353,395
97$22,104,580$2,198,758$492,353$20,055,944
98$24,216,697$2,163,946$366,296$21,928,155
99$26,539,758$2,122,938$231,526$23,987,262
100$29,095,141$2,075,289$87,609$26,252,259