Can I retire at age 67 with 1,720,000?

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 $1,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$142,036$140,771$139,536$138,332$137,155$135,949
2 years$70,315$69,005$67,736$66,506$65,312$64,097
3 years$46,411$45,096$43,830$42,611$41,437$40,250
4 years$34,461$33,150$31,897$30,699$29,553$28,404
5 years$27,293$25,990$24,753$23,580$22,466$21,357
6 years$22,516$21,223$20,004$18,857$17,776$16,710
7 years$19,106$17,823$16,624$15,503$14,457$13,434
8 years$16,549$15,278$14,098$13,005$11,993$11,013
9 years$14,561$13,302$12,143$11,078$10,100$9,162
10 years$12,972$11,725$10,586$9,549$8,606$7,710
11 years$11,672$10,438$9,320$8,310$7,401$6,546
12 years$10,590$9,369$8,271$7,289$6,414$5,599
13 years$9,675$8,466$7,390$6,435$5,593$4,818
14 years$8,892$7,696$6,640$5,713$4,903$4,166
15 years$8,213$7,030$5,995$5,095$4,317$3,617
16 years$7,620$6,450$5,435$4,562$3,815$3,152
17 years$7,098$5,940$4,946$4,099$3,383$2,755
18 years$6,633$5,489$4,515$3,694$3,008$2,414
19 years$6,219$5,087$4,133$3,338$2,681$2,120
20 years$5,846$4,727$3,793$3,023$2,395$1,865
21 years$5,509$4,403$3,489$2,743$2,143$1,644
22 years$5,203$4,110$3,216$2,494$1,921$1,451
23 years$4,924$3,844$2,969$2,272$1,724$1,282
24 years$4,669$3,602$2,746$2,072$1,550$1,134
25 years$4,434$3,380$2,543$1,892$1,395$1,004
26 years$4,218$3,177$2,359$1,730$1,256$890
27 years$4,019$2,990$2,190$1,584$1,133$789
28 years$3,834$2,817$2,036$1,451$1,022$700
29 years$3,661$2,658$1,895$1,331$923$622
30 years$3,501$2,510$1,765$1,221$834$553
31 years$3,352$2,373$1,645$1,121$754$491
32 years$3,212$2,245$1,535$1,031$682$437
33 years$3,080$2,126$1,433$948$617$388
34 years$2,957$2,015$1,339$872$559$346
35 years$2,841$1,911$1,252$803$506$308
36 years$2,732$1,814$1,171$739$459$274
37 years$2,629$1,723$1,096$681$416$244
38 years$2,531$1,637$1,027$628$377$217
39 years$2,439$1,557$962$579$342$193
40 years$2,352$1,481$902$534$310$172
41 years$2,269$1,410$845$493$281$154
42 years$2,190$1,343$793$455$255$137
43 years$2,115$1,280$744$420$232$122
44 years$2,044$1,220$699$388$210$109
45 years$1,976$1,163$656$358$191$97
46 years$1,911$1,110$616$331$173$86
47 years$1,849$1,059$579$305$157$77
48 years$1,790$1,011$544$282$143$69
49 years$1,733$965$511$261$130$61
50 years$1,679$922$481$241$118$55

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,720,000, adding $3,936 every year, while hoping to spend $23,070 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: 52/42/6 Blend
66$1,720,000$1,720,000$1,720,000$1,720,000
67$1,899,500$1,808,340$1,781,680$1,995,383
68$2,068,703$1,872,402$1,816,820$2,124,910
69$2,254,391$1,938,831$1,852,364$2,262,846
70$2,458,222$2,007,716$1,888,301$2,412,288
71$2,682,020$2,079,154$1,924,619$2,574,322
72$2,927,798$2,153,245$1,961,306$2,750,144
73$3,197,770$2,230,090$1,998,346$2,941,068
74$3,494,376$2,309,798$2,035,724$3,148,539
75$3,820,304$2,392,480$2,073,423$3,374,145
76$4,178,517$2,478,253$2,111,424$3,619,634
77$4,572,276$2,567,238$2,149,707$3,886,928
78$5,005,176$2,659,561$2,188,250$4,178,140
79$5,481,178$2,755,353$2,227,030$4,495,597
80$6,004,644$2,854,751$2,266,022$4,841,857
81$6,580,383$2,957,899$2,305,198$5,219,737
82$7,213,689$3,064,943$2,344,530$5,632,335
83$7,910,399$3,176,039$2,383,985$6,083,061
84$8,676,942$3,291,347$2,423,531$6,575,669
85$9,520,403$3,411,036$2,463,132$7,114,290
86$10,448,586$3,535,279$2,502,750$7,703,471
87$11,470,093$3,664,259$2,542,343$8,348,219
88$12,594,400$3,798,165$2,581,869$9,054,044
89$13,831,949$3,937,195$2,621,281$9,827,016
90$15,194,244$4,081,554$2,660,530$10,673,813
91$16,693,964$4,231,457$2,699,565$11,601,793
92$18,345,077$4,387,127$2,738,329$12,619,055
93$20,162,976$4,548,798$2,776,765$13,734,519
94$22,164,622$4,716,711$2,814,809$14,958,008
95$24,368,704$4,891,121$2,852,395$16,300,338
96$26,795,816$5,072,290$2,889,455$17,773,423
97$29,468,651$5,260,494$2,925,913$19,390,383
98$32,412,214$5,456,019$2,961,692$21,165,670
99$35,654,061$5,659,164$2,996,709$23,115,199
100$39,224,553$5,870,241$3,030,877$25,256,502