Can I retire at age 67 with 1,770,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$146,165$144,863$143,593$142,353$141,142$138,011
2 years$72,359$71,011$69,705$68,439$67,211$64,072
3 years$47,760$46,407$45,104$43,849$42,641$39,593
4 years$35,463$34,114$32,824$31,591$30,412$27,478
5 years$28,087$26,746$25,473$24,265$23,119$20,308
6 years$23,171$21,840$20,586$19,405$18,293$15,608
7 years$19,661$18,341$17,107$15,954$14,877$12,318
8 years$17,030$15,722$14,508$13,383$12,342$9,908
9 years$14,984$13,689$12,496$11,400$10,394$8,083
10 years$13,349$12,066$10,894$9,827$8,856$6,666
11 years$12,012$10,741$9,591$8,552$7,616$5,544
12 years$10,898$9,641$8,512$7,501$6,600$4,643
13 years$9,957$8,713$7,605$6,623$5,756$3,909
14 years$9,150$7,920$6,833$5,879$5,045$3,306
15 years$8,452$7,235$6,169$5,243$4,442$2,807
16 years$7,842$6,638$5,593$4,694$3,926$2,390
17 years$7,304$6,113$5,090$4,218$3,481$2,041
18 years$6,826$5,649$4,646$3,801$3,095$1,746
19 years$6,399$5,235$4,253$3,435$2,759$1,496
20 years$6,016$4,865$3,904$3,111$2,464$1,285
21 years$5,669$4,531$3,590$2,823$2,205$1,104
22 years$5,354$4,230$3,309$2,567$1,977$950
23 years$5,067$3,956$3,055$2,338$1,774$819
24 years$4,805$3,707$2,826$2,132$1,595$706
25 years$4,563$3,478$2,617$1,947$1,435$609
26 years$4,341$3,269$2,427$1,780$1,293$526
27 years$4,135$3,077$2,254$1,630$1,166$454
28 years$3,945$2,899$2,095$1,493$1,052$392
29 years$3,768$2,735$1,950$1,369$950$339
30 years$3,603$2,583$1,816$1,257$858$293
31 years$3,449$2,442$1,693$1,154$776$254
32 years$3,305$2,310$1,580$1,061$702$219
33 years$3,170$2,188$1,475$975$635$190
34 years$3,043$2,074$1,378$897$575$164
35 years$2,924$1,967$1,289$826$521$142
36 years$2,811$1,867$1,205$761$472$123
37 years$2,705$1,773$1,128$701$428$107
38 years$2,605$1,685$1,057$646$388$92
39 years$2,510$1,602$990$596$352$80
40 years$2,420$1,524$928$550$319$69
41 years$2,335$1,451$870$507$289$60
42 years$2,253$1,382$816$468$263$52
43 years$2,176$1,317$766$432$238$45
44 years$2,103$1,255$719$399$216$39
45 years$2,033$1,197$675$368$196$34
46 years$1,966$1,142$634$340$178$29
47 years$1,903$1,090$596$314$162$25
48 years$1,842$1,040$560$290$147$22
49 years$1,784$993$526$268$134$19
50 years$1,728$949$495$248$121$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,770,000, adding $3,416 every year, while hoping to spend $54,197 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: 66/6/28 Blend
66$1,770,000$1,770,000$1,770,000$1,770,000
67$1,954,064$1,860,254$1,832,819$2,068,414
68$2,095,713$1,893,741$1,836,553$2,179,500
69$2,249,994$1,927,053$1,838,596$2,294,544
70$2,418,138$1,960,123$1,838,833$2,419,138
71$2,601,500$1,992,881$1,837,146$2,554,229
72$2,801,572$2,025,250$1,833,409$2,700,859
73$3,019,994$2,057,150$1,827,490$2,860,181
74$3,258,574$2,088,491$1,819,252$3,033,463
75$3,519,302$2,119,180$1,808,550$3,222,104
76$3,804,367$2,149,116$1,795,233$3,427,647
77$4,116,180$2,178,191$1,779,141$3,651,794
78$4,457,397$2,206,289$1,760,109$3,896,421
79$4,830,942$2,233,287$1,737,962$4,163,595
80$5,240,032$2,259,053$1,712,519$4,455,597
81$5,688,215$2,283,446$1,683,588$4,774,942
82$6,179,394$2,306,315$1,650,969$5,124,403
83$6,717,869$2,327,502$1,614,453$5,507,037
84$7,308,376$2,346,834$1,573,822$5,926,214
85$7,956,131$2,364,129$1,528,846$6,385,650
86$8,666,880$2,379,195$1,479,286$6,889,443
87$9,446,951$2,391,825$1,424,890$7,442,111
88$10,303,314$2,401,798$1,365,399$8,048,634
89$11,243,649$2,408,883$1,300,536$8,714,504
90$12,276,414$2,412,831$1,230,017$9,445,773
91$13,410,927$2,413,379$1,153,542$10,249,118
92$14,657,454$2,410,247$1,070,798$11,131,895
93$16,027,303$2,403,137$981,458$12,102,218
94$17,532,932$2,391,735$885,181$13,169,028
95$19,188,067$2,375,706$781,610$14,342,184
96$21,007,829$2,354,695$670,374$15,632,556
97$23,008,878$2,328,326$551,082$17,052,123
98$25,209,569$2,296,199$423,328$18,614,094
99$27,630,125$2,257,893$286,689$20,333,028
100$30,292,827$2,212,958$140,722$22,224,974