Can I retire at age 67 with 1,760,000?

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 $1,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$145,339$144,045$142,781$141,549$140,345$137,963
2 years$71,950$70,610$69,311$68,052$66,831$64,439
3 years$47,490$46,144$44,849$43,602$42,400$40,072
4 years$35,263$33,921$32,639$31,413$30,240$27,994
5 years$27,928$26,595$25,329$24,128$22,988$20,830
6 years$23,040$21,716$20,470$19,295$18,190$16,123
7 years$19,550$18,237$17,010$15,864$14,793$12,818
8 years$16,933$15,633$14,426$13,308$12,272$10,388
9 years$14,900$13,611$12,425$11,335$10,335$8,540
10 years$13,273$11,998$10,833$9,771$8,806$7,100
11 years$11,944$10,681$9,537$8,504$7,573$5,954
12 years$10,836$9,586$8,464$7,459$6,563$5,028
13 years$9,900$8,663$7,562$6,585$5,723$4,270
14 years$9,099$7,875$6,794$5,846$5,017$3,644
15 years$8,404$7,194$6,134$5,213$4,417$3,121
16 years$7,797$6,600$5,562$4,668$3,904$2,682
17 years$7,263$6,078$5,061$4,194$3,461$2,311
18 years$6,788$5,617$4,620$3,780$3,078$1,997
19 years$6,363$5,206$4,229$3,415$2,743$1,728
20 years$5,982$4,837$3,881$3,093$2,450$1,498
21 years$5,637$4,506$3,570$2,807$2,193$1,300
22 years$5,324$4,206$3,290$2,552$1,966$1,130
23 years$5,039$3,934$3,038$2,325$1,764$984
24 years$4,777$3,686$2,810$2,120$1,586$857
25 years$4,538$3,459$2,602$1,936$1,427$747
26 years$4,316$3,251$2,414$1,770$1,285$651
27 years$4,112$3,059$2,241$1,620$1,159$569
28 years$3,923$2,883$2,084$1,485$1,046$497
29 years$3,747$2,720$1,939$1,361$944$434
30 years$3,583$2,568$1,806$1,250$853$379
31 years$3,429$2,428$1,684$1,148$771$331
32 years$3,286$2,297$1,571$1,055$698$290
33 years$3,152$2,176$1,467$970$631$254
34 years$3,026$2,062$1,370$892$572$222
35 years$2,907$1,956$1,281$821$518$194
36 years$2,795$1,856$1,199$757$469$170
37 years$2,690$1,763$1,122$697$425$149
38 years$2,590$1,676$1,051$642$386$130
39 years$2,496$1,593$984$592$350$114
40 years$2,406$1,516$923$546$317$100
41 years$2,321$1,443$865$504$288$88
42 years$2,241$1,374$811$465$261$77
43 years$2,164$1,309$761$429$237$67
44 years$2,091$1,248$715$397$215$59
45 years$2,022$1,190$671$366$195$52
46 years$1,955$1,135$630$338$177$45
47 years$1,892$1,083$592$313$161$40
48 years$1,832$1,034$557$289$146$35
49 years$1,774$988$523$267$133$30
50 years$1,718$944$492$247$121$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,760,000, adding $4,614 every year, while hoping to spend $58,744 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: 48/42/10 Blend
66$1,760,000$1,760,000$1,760,000$1,760,000
67$1,944,279$1,850,999$1,823,719$2,032,094
68$2,080,093$1,879,195$1,822,311$2,121,113
69$2,227,790$1,906,804$1,818,886$2,211,193
70$2,388,522$1,933,734$1,813,316$2,307,651
71$2,563,553$1,959,889$1,805,464$2,411,100
72$2,754,277$1,985,165$1,795,189$2,522,217
73$2,962,226$2,009,451$1,782,340$2,641,748
74$3,189,087$2,032,628$1,766,762$2,770,517
75$3,436,715$2,054,568$1,748,291$2,909,433
76$3,707,156$2,075,138$1,726,754$3,059,500
77$4,002,658$2,094,192$1,701,973$3,221,827
78$4,325,699$2,111,577$1,673,758$3,397,636
79$4,679,005$2,127,129$1,641,914$3,588,277
80$5,065,579$2,140,674$1,606,234$3,795,241
81$5,488,728$2,152,026$1,566,502$4,020,173
82$5,952,090$2,160,988$1,522,492$4,264,888
83$6,459,676$2,167,350$1,473,969$4,531,391
84$7,015,901$2,170,888$1,420,685$4,821,892
85$7,625,628$2,171,365$1,362,382$5,138,833
86$8,294,210$2,168,531$1,298,790$5,484,908
87$9,027,547$2,162,116$1,229,627$5,863,091
88$9,832,135$2,151,838$1,154,598$6,276,662
89$10,715,131$2,137,396$1,073,394$6,729,243
90$11,684,415$2,118,470$985,694$7,224,829
91$12,748,671$2,094,721$891,161$7,767,828
92$13,917,464$2,065,790$789,443$8,363,107
93$15,201,329$2,031,297$680,173$9,016,032
94$16,611,873$1,990,839$562,967$9,732,527
95$18,161,882$1,943,989$437,425$10,519,125
96$19,865,444$1,890,294$303,129$11,383,037
97$21,738,078$1,829,277$159,641$12,332,214
98$23,796,880$1,760,430$6,508$13,375,432
99$26,060,688$1,683,217$0$14,522,369
100$28,550,255$1,597,071$0$15,800,444