Can I retire at age 67 with 1,480,000?

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 $1,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$122,217$121,128$120,066$119,030$118,017$115,824
2 years$60,503$59,377$58,285$57,226$56,199$53,997
3 years$39,935$38,803$37,714$36,665$35,655$33,514
4 years$29,653$28,525$27,446$26,415$25,429$23,365
5 years$23,485$22,364$21,299$20,289$19,331$17,349
6 years$19,375$18,262$17,213$16,226$15,296$13,399
7 years$16,440$15,336$14,304$13,340$12,440$10,629
8 years$14,239$13,146$12,131$11,191$10,320$8,594
9 years$12,529$11,446$10,448$9,532$8,691$7,049
10 years$11,162$10,089$9,109$8,217$7,405$5,845
11 years$10,044$8,982$8,020$7,151$6,369$4,890
12 years$9,112$8,061$7,117$6,272$5,519$4,119
13 years$8,325$7,285$6,359$5,537$4,813$3,489
14 years$7,651$6,622$5,713$4,916$4,219$2,969
15 years$7,067$6,049$5,158$4,384$3,714$2,536
16 years$6,557$5,550$4,677$3,925$3,283$2,173
17 years$6,107$5,111$4,256$3,527$2,911$1,868
18 years$5,708$4,723$3,885$3,178$2,588$1,608
19 years$5,351$4,377$3,556$2,872$2,307$1,388
20 years$5,030$4,068$3,264$2,601$2,061$1,200
21 years$4,740$3,789$3,002$2,361$1,844$1,038
22 years$4,477$3,537$2,767$2,146$1,653$900
23 years$4,237$3,308$2,555$1,955$1,484$780
24 years$4,017$3,099$2,363$1,783$1,334$678
25 years$3,816$2,909$2,188$1,628$1,200$589
26 years$3,630$2,734$2,030$1,489$1,081$512
27 years$3,458$2,573$1,885$1,363$975$445
28 years$3,299$2,424$1,752$1,248$879$388
29 years$3,151$2,287$1,630$1,145$794$338
30 years$3,013$2,160$1,519$1,051$717$294
31 years$2,884$2,042$1,416$965$649$256
32 years$2,763$1,932$1,321$887$587$223
33 years$2,650$1,829$1,233$816$531$195
34 years$2,544$1,734$1,152$750$481$170
35 years$2,445$1,645$1,077$691$435$148
36 years$2,351$1,561$1,008$636$395$129
37 years$2,262$1,483$943$586$358$113
38 years$2,178$1,409$883$540$324$98
39 years$2,099$1,340$828$498$294$86
40 years$2,023$1,275$776$459$267$75
41 years$1,952$1,213$727$424$242$65
42 years$1,884$1,156$682$391$220$57
43 years$1,820$1,101$640$361$199$50
44 years$1,758$1,050$601$333$181$44
45 years$1,700$1,001$564$308$164$38
46 years$1,644$955$530$284$149$33
47 years$1,591$911$498$263$135$29
48 years$1,540$870$468$243$123$25
49 years$1,492$831$440$224$112$22
50 years$1,445$793$414$207$101$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,480,000, adding $4,410 every year, while hoping to spend $51,598 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: 50/26/24 Blend
66$1,480,000$1,480,000$1,480,000$1,480,000
67$1,635,509$1,557,069$1,534,129$1,706,039
68$1,747,431$1,578,465$1,530,622$1,776,941
69$1,869,040$1,599,181$1,525,269$1,848,394
70$2,001,269$1,619,128$1,517,952$1,925,006
71$2,145,145$1,638,212$1,508,551$2,007,287
72$2,301,799$1,656,333$1,496,936$2,095,801
73$2,472,474$1,673,385$1,482,975$2,191,171
74$2,658,538$1,689,253$1,466,526$2,294,085
75$2,861,497$1,703,815$1,447,444$2,405,304
76$3,083,010$1,716,942$1,425,573$2,525,667
77$3,324,901$1,728,496$1,400,754$2,656,103
78$3,589,178$1,738,330$1,372,816$2,797,636
79$3,878,054$1,746,287$1,341,585$2,951,400
80$4,193,963$1,752,202$1,306,875$3,118,644
81$4,539,585$1,755,898$1,268,494$3,300,750
82$4,917,872$1,757,187$1,226,238$3,499,242
83$5,332,075$1,755,869$1,179,897$3,715,806
84$5,785,773$1,751,733$1,129,250$3,952,301
85$6,282,908$1,744,554$1,074,066$4,210,780
86$6,827,821$1,734,094$1,014,103$4,493,511
87$7,425,293$1,720,098$949,110$4,802,997
88$8,080,589$1,702,299$878,821$5,142,000
89$8,799,510$1,680,413$802,963$5,513,571
90$9,588,443$1,654,137$721,246$5,921,076
91$10,454,427$1,623,152$633,370$6,368,231
92$11,405,212$1,587,120$539,021$6,859,137
93$12,449,336$1,545,681$437,871$7,398,320
94$13,596,207$1,498,458$329,578$7,990,774
95$14,856,184$1,445,047$213,783$8,642,010
96$16,240,684$1,385,023$90,114$9,358,111
97$17,762,282$1,317,937$0$10,145,786
98$19,434,832$1,243,313$0$11,023,158
99$21,273,597$1,160,648$0$12,012,998
100$23,295,393$1,069,409$0$13,101,326