Can I retire at age 67 with 1,780,000?

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 $1,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$146,991$145,681$144,404$143,157$141,940$136,308
2 years$72,768$71,412$70,099$68,826$67,590$61,986
3 years$48,030$46,669$45,359$44,097$42,882$37,482
4 years$35,663$34,307$33,010$31,770$30,584$25,429
5 years$28,246$26,897$25,617$24,402$23,249$18,353
6 years$23,302$21,963$20,702$19,515$18,396$13,762
7 years$19,772$18,445$17,204$16,044$14,961$10,586
8 years$17,126$15,810$14,590$13,459$12,412$8,292
9 years$15,069$13,766$12,566$11,464$10,453$6,582
10 years$13,424$12,134$10,956$9,882$8,906$5,277
11 years$12,079$10,802$9,645$8,600$7,660$4,263
12 years$10,960$9,695$8,560$7,544$6,638$3,465
13 years$10,013$8,762$7,648$6,660$5,788$2,830
14 years$9,202$7,964$6,871$5,912$5,074$2,320
15 years$8,500$7,275$6,204$5,272$4,467$1,908
16 years$7,886$6,675$5,625$4,721$3,948$1,573
17 years$7,345$6,148$5,118$4,242$3,501$1,299
18 years$6,865$5,681$4,672$3,823$3,113$1,075
19 years$6,436$5,265$4,277$3,454$2,774$891
20 years$6,050$4,892$3,926$3,128$2,478$739
21 years$5,701$4,557$3,611$2,839$2,218$614
22 years$5,384$4,254$3,328$2,581$1,988$510
23 years$5,096$3,978$3,073$2,351$1,784$424
24 years$4,832$3,728$2,842$2,144$1,604$353
25 years$4,589$3,498$2,632$1,958$1,443$293
26 years$4,366$3,288$2,441$1,790$1,300$244
27 years$4,159$3,094$2,267$1,639$1,172$203
28 years$3,967$2,916$2,107$1,502$1,058$169
29 years$3,789$2,750$1,961$1,377$955$141
30 years$3,623$2,598$1,827$1,264$863$118
31 years$3,468$2,456$1,703$1,161$780$98
32 years$3,324$2,323$1,589$1,067$706$82
33 years$3,188$2,200$1,483$981$639$68
34 years$3,060$2,085$1,386$902$578$57
35 years$2,940$1,978$1,296$831$524$47
36 years$2,827$1,877$1,212$765$475$39
37 years$2,720$1,783$1,135$705$430$33
38 years$2,619$1,695$1,063$650$390$27
39 years$2,524$1,611$995$599$354$23
40 years$2,434$1,533$933$553$321$19
41 years$2,348$1,459$875$510$291$16
42 years$2,266$1,390$821$471$264$13
43 years$2,189$1,324$770$434$240$11
44 years$2,115$1,262$723$401$217$9
45 years$2,045$1,204$679$370$197$8
46 years$1,978$1,148$638$342$179$6
47 years$1,914$1,096$599$316$163$5
48 years$1,852$1,046$563$292$148$4
49 years$1,794$999$529$270$134$4
50 years$1,738$954$497$250$122$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,780,000, adding $6,743 every year, while hoping to spend $39,278 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: 53/29/18 Blend
66$1,780,000$1,780,000$1,780,000$1,780,000
67$1,968,515$1,874,175$1,846,585$2,062,878
68$2,127,512$1,924,219$1,866,655$2,178,320
69$2,301,411$1,975,397$1,886,080$2,299,168
70$2,491,689$2,027,726$1,904,797$2,429,804
71$2,699,975$2,081,218$1,922,742$2,571,170
72$2,928,061$2,135,886$1,939,842$2,724,305
73$3,177,921$2,191,743$1,956,025$2,890,352
74$3,451,731$2,248,800$1,971,213$3,070,570
75$3,751,883$2,307,067$1,985,324$3,266,345
76$4,081,014$2,366,553$1,998,273$3,479,204
77$4,442,031$2,427,266$2,009,967$3,710,830
78$4,838,130$2,489,215$2,020,314$3,963,076
79$5,272,837$2,552,404$2,029,212$4,237,982
80$5,750,032$2,616,837$2,036,556$4,537,797
81$6,273,991$2,682,518$2,042,236$4,865,000
82$6,849,423$2,749,447$2,046,137$5,222,320
83$7,481,518$2,817,623$2,048,136$5,612,764
84$8,175,990$2,887,044$2,048,105$6,039,645
85$8,939,136$2,957,704$2,045,912$6,506,616
86$9,777,892$3,029,596$2,041,414$7,017,700
87$10,699,901$3,102,710$2,034,465$7,577,329
88$11,713,582$3,177,033$2,024,911$8,190,388
89$12,828,210$3,252,551$2,012,588$8,862,260
90$14,054,005$3,329,244$1,997,328$9,598,878
91$15,402,227$3,407,090$1,978,952$10,406,777
92$16,885,282$3,486,065$1,957,274$11,293,161
93$18,516,836$3,566,138$1,932,098$12,265,969
94$20,311,951$3,647,276$1,903,221$13,333,947
95$22,287,219$3,729,441$1,870,428$14,506,736
96$24,460,923$3,812,592$1,833,495$15,794,960
97$26,853,207$3,896,679$1,792,187$17,210,326
98$29,486,269$3,981,651$1,746,260$18,765,738
99$32,384,565$4,067,448$1,695,456$20,475,414
100$35,575,044$4,154,007$1,639,507$22,355,025