Can I retire at age 67 with 1,730,000?

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 $1,730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$142,862$141,589$140,348$139,136$137,953$135,947
2 years$70,724$69,406$68,130$66,892$65,692$63,676
3 years$46,681$45,358$44,085$42,859$41,678$39,713
4 years$34,662$33,343$32,082$30,877$29,725$27,827
5 years$27,452$26,141$24,897$23,717$22,596$20,772
6 years$22,647$21,346$20,121$18,966$17,880$16,130
7 years$19,217$17,927$16,720$15,593$14,541$12,866
8 years$16,645$15,366$14,180$13,081$12,063$10,463
9 years$14,646$13,379$12,213$11,142$10,159$8,633
10 years$13,047$11,793$10,648$9,604$8,656$7,203
11 years$11,740$10,499$9,374$8,359$7,444$6,064
12 years$10,652$9,423$8,319$7,332$6,451$5,140
13 years$9,732$8,516$7,433$6,473$5,626$4,383
14 years$8,943$7,741$6,678$5,746$4,931$3,755
15 years$8,261$7,071$6,030$5,124$4,342$3,230
16 years$7,665$6,488$5,467$4,588$3,837$2,787
17 years$7,139$5,975$4,975$4,123$3,402$2,412
18 years$6,672$5,521$4,541$3,715$3,025$2,093
19 years$6,255$5,117$4,157$3,357$2,697$1,819
20 years$5,880$4,755$3,815$3,040$2,409$1,584
21 years$5,541$4,429$3,509$2,759$2,155$1,381
22 years$5,233$4,134$3,234$2,509$1,932$1,206
23 years$4,953$3,867$2,986$2,285$1,734$1,055
24 years$4,696$3,623$2,762$2,084$1,559$923
25 years$4,460$3,400$2,558$1,903$1,403$808
26 years$4,243$3,195$2,372$1,740$1,264$708
27 years$4,042$3,007$2,203$1,593$1,139$621
28 years$3,856$2,834$2,048$1,459$1,028$545
29 years$3,683$2,673$1,906$1,338$928$479
30 years$3,522$2,525$1,775$1,228$839$420
31 years$3,371$2,387$1,655$1,128$758$369
32 years$3,230$2,258$1,544$1,037$686$325
33 years$3,098$2,139$1,442$953$621$285
34 years$2,974$2,027$1,347$877$562$251
35 years$2,858$1,922$1,259$807$509$221
36 years$2,748$1,825$1,178$744$461$194
37 years$2,644$1,733$1,103$685$418$171
38 years$2,546$1,647$1,033$632$379$150
39 years$2,453$1,566$968$582$344$132
40 years$2,365$1,490$907$537$312$117
41 years$2,282$1,418$850$496$283$103
42 years$2,203$1,351$798$457$257$90
43 years$2,127$1,287$748$422$233$80
44 years$2,055$1,227$703$390$211$70
45 years$1,987$1,170$660$360$192$62
46 years$1,922$1,116$620$333$174$54
47 years$1,860$1,065$582$307$158$48
48 years$1,800$1,017$547$284$144$42
49 years$1,743$971$514$262$130$37
50 years$1,689$927$483$242$119$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,730,000, adding $5,073 every year, while hoping to spend $36,499 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: 58/29/13 Blend
66$1,730,000$1,730,000$1,730,000$1,730,000
67$1,911,693$1,820,003$1,793,188$2,016,058
68$2,067,851$1,870,348$1,814,425$2,137,462
69$2,238,714$1,921,937$1,835,150$2,265,244
70$2,425,743$1,974,793$1,855,308$2,403,671
71$2,630,547$2,028,936$1,874,839$2,553,770
72$2,854,899$2,084,390$1,893,683$2,716,672
73$3,100,750$2,141,176$1,911,772$2,893,623
74$3,370,249$2,199,317$1,929,039$3,085,994
75$3,665,764$2,258,832$1,945,411$3,295,295
76$3,989,901$2,319,745$1,960,812$3,523,188
77$4,345,533$2,382,074$1,975,161$3,771,504
78$4,735,821$2,445,840$1,988,373$4,042,260
79$5,164,251$2,511,062$2,000,360$4,337,677
80$5,634,661$2,577,760$2,011,028$4,660,201
81$6,151,277$2,645,951$2,020,278$5,012,527
82$6,718,757$2,715,653$2,028,007$5,397,622
83$7,342,232$2,786,881$2,034,107$5,818,757
84$8,027,353$2,859,652$2,038,464$6,279,534
85$8,780,348$2,933,980$2,040,957$6,783,920
86$9,608,075$3,009,877$2,041,461$7,336,287
87$10,518,093$3,087,355$2,039,844$7,941,453
88$11,518,727$3,166,424$2,035,967$8,604,723
89$12,619,152$3,247,093$2,029,686$9,331,943
90$13,829,473$3,329,368$2,020,849$10,129,556
91$15,160,827$3,413,255$2,009,295$11,004,659
92$16,625,483$3,498,756$1,994,858$11,965,073
93$18,236,958$3,585,871$1,977,361$13,019,415
94$20,010,148$3,674,599$1,956,623$14,177,179
95$21,961,463$3,764,934$1,932,450$15,448,827
96$24,108,987$3,856,870$1,904,641$16,845,889
97$26,472,642$3,950,395$1,872,985$18,381,068
98$29,074,383$4,045,496$1,837,262$20,068,362
99$31,938,400$4,142,156$1,797,240$21,923,196
100$35,091,348$4,240,352$1,752,678$23,962,567