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 $3,460 every year, while hoping to spend $28,211 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: 64/13/23 Blend
66$1,740,000$1,740,000$1,740,000$1,740,000
67$1,921,049$1,828,829$1,801,859$2,032,303
68$2,086,980$1,888,425$1,832,205$2,167,336
69$2,268,890$1,949,996$1,862,622$2,311,335
70$2,468,380$2,013,609$1,893,083$2,468,024
71$2,687,211$2,079,333$1,923,558$2,638,648
72$2,927,326$2,147,239$1,954,016$2,824,579
73$3,190,862$2,217,403$1,984,425$3,027,327
74$3,480,174$2,289,900$2,014,748$3,248,556
75$3,797,858$2,364,811$2,044,947$3,490,096
76$4,146,770$2,442,218$2,074,984$3,753,966
77$4,530,060$2,522,206$2,104,815$4,042,388
78$4,951,196$2,604,863$2,134,396$4,357,809
79$5,413,998$2,690,281$2,163,678$4,702,925
80$5,922,675$2,778,555$2,192,611$5,080,707
81$6,481,867$2,869,783$2,221,142$5,494,425
82$7,096,680$2,964,065$2,249,214$5,947,683
83$7,772,745$3,061,508$2,276,766$6,444,451
84$8,516,263$3,162,220$2,303,735$6,989,104
85$9,334,067$3,266,314$2,330,056$7,586,459
86$10,233,685$3,373,906$2,355,655$8,241,827
87$11,223,411$3,485,118$2,380,461$8,961,054
88$12,312,385$3,600,075$2,404,392$9,750,587
89$13,510,677$3,718,907$2,427,367$10,617,523
90$14,829,380$3,841,748$2,449,299$11,569,688
91$16,280,721$3,968,737$2,470,094$12,615,698
92$17,878,169$4,100,020$2,489,657$13,765,053
93$19,636,566$4,235,745$2,507,884$15,028,215
94$21,572,267$4,376,067$2,524,669$16,416,714
95$23,703,291$4,521,148$2,539,899$17,943,256
96$26,049,496$4,671,153$2,553,454$19,621,839
97$28,632,760$4,826,255$2,565,211$21,467,888
98$31,477,193$4,986,633$2,575,036$23,498,400
99$34,609,361$5,152,472$2,582,794$25,732,105
100$38,058,536$5,323,964$2,588,339$28,189,641