Can I retire at age 67 with 1,740,000?

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 $1,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$143,688$142,408$141,159$139,940$138,750$135,122
2 years$71,132$69,808$68,524$67,279$66,071$62,441
3 years$46,951$45,620$44,339$43,106$41,918$38,399
4 years$34,862$33,536$32,268$31,056$29,897$26,515
5 years$27,611$26,292$25,041$23,854$22,727$19,493
6 years$22,778$21,470$20,237$19,076$17,983$14,900
7 years$19,328$18,030$16,817$15,683$14,625$11,693
8 years$16,741$15,455$14,262$13,156$12,133$9,350
9 years$14,730$13,457$12,284$11,206$10,218$7,582
10 years$13,122$11,861$10,709$9,660$8,706$6,214
11 years$11,808$10,559$9,428$8,407$7,487$5,136
12 years$10,713$9,478$8,367$7,374$6,488$4,273
13 years$9,788$8,565$7,476$6,510$5,658$3,574
14 years$8,995$7,785$6,717$5,779$4,960$3,002
15 years$8,309$7,112$6,065$5,154$4,367$2,531
16 years$7,709$6,525$5,498$4,615$3,860$2,140
17 years$7,180$6,009$5,003$4,146$3,422$1,814
18 years$6,711$5,553$4,567$3,737$3,043$1,540
19 years$6,291$5,146$4,181$3,376$2,712$1,310
20 years$5,914$4,782$3,837$3,058$2,423$1,116
21 years$5,573$4,455$3,530$2,775$2,168$952
22 years$5,263$4,158$3,253$2,523$1,943$813
23 years$4,981$3,889$3,004$2,298$1,744$695
24 years$4,723$3,644$2,778$2,096$1,568$595
25 years$4,486$3,419$2,573$1,914$1,411$509
26 years$4,267$3,214$2,386$1,750$1,271$436
27 years$4,065$3,025$2,216$1,602$1,146$373
28 years$3,878$2,850$2,060$1,468$1,034$320
29 years$3,704$2,689$1,917$1,346$934$274
30 years$3,542$2,539$1,786$1,235$843$235
31 years$3,391$2,400$1,665$1,135$763$202
32 years$3,249$2,271$1,553$1,043$690$173
33 years$3,116$2,151$1,450$959$624$149
34 years$2,991$2,039$1,355$882$565$128
35 years$2,874$1,934$1,267$812$512$109
36 years$2,764$1,835$1,185$748$464$94
37 years$2,659$1,743$1,109$689$420$81
38 years$2,561$1,656$1,039$635$381$69
39 years$2,467$1,575$973$586$346$60
40 years$2,379$1,499$912$540$313$51
41 years$2,295$1,427$855$498$284$44
42 years$2,215$1,359$802$460$258$38
43 years$2,139$1,294$753$425$234$32
44 years$2,067$1,234$707$392$213$28
45 years$1,999$1,177$664$362$193$24
46 years$1,933$1,122$623$334$175$21
47 years$1,871$1,071$585$309$159$18
48 years$1,811$1,023$550$286$145$15
49 years$1,754$977$517$264$131$13
50 years$1,699$933$486$244$119$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,740,000, adding $6,955 every year, while hoping to spend $26,567 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: 37/40/23 Blend
66$1,740,000$1,740,000$1,740,000$1,740,000
67$1,924,654$1,832,434$1,805,464$1,982,349
68$2,092,702$1,893,956$1,837,680$2,086,647
69$2,277,000$1,957,603$1,870,085$2,196,259
70$2,479,178$2,023,449$1,902,657$2,314,127
71$2,701,031$2,091,575$1,935,372$2,441,009
72$2,944,535$2,162,061$1,968,207$2,577,740
73$3,211,869$2,234,994$2,001,133$2,725,237
74$3,505,431$2,310,460$2,034,123$2,884,510
75$3,827,865$2,388,552$2,067,145$3,056,665
76$4,182,079$2,469,364$2,100,167$3,242,923
77$4,571,283$2,552,994$2,133,154$3,444,623
78$4,999,009$2,639,545$2,166,069$3,663,242
79$5,469,148$2,729,123$2,198,873$3,900,400
80$5,985,989$2,821,838$2,231,523$4,157,882
81$6,554,256$2,917,805$2,263,975$4,437,653
82$7,179,153$3,017,140$2,296,182$4,741,872
83$7,866,416$3,119,969$2,328,093$5,072,919
84$8,622,361$3,226,419$2,359,655$5,433,409
85$9,453,951$3,336,622$2,390,812$5,826,224
86$10,368,854$3,450,716$2,421,504$6,254,534
87$11,375,521$3,568,845$2,451,669$6,721,831
88$12,483,263$3,691,157$2,481,238$7,231,957
89$13,702,339$3,817,807$2,510,143$7,789,143
90$15,044,052$3,948,955$2,538,308$8,398,050
91$16,520,859$4,084,767$2,565,655$9,063,805
92$18,146,483$4,225,418$2,592,101$9,792,058
93$19,936,047$4,371,085$2,617,558$10,589,030
94$21,906,212$4,521,957$2,641,935$11,461,571
95$24,075,340$4,678,227$2,665,135$12,417,227
96$26,463,662$4,840,098$2,687,054$13,464,306
97$29,093,471$5,007,778$2,707,585$14,611,962
98$31,989,332$5,181,486$2,726,616$15,870,274
99$35,178,313$5,361,447$2,744,027$17,250,346
100$38,690,241$5,547,898$2,759,692$18,764,410