Can I retire at age 67 with 1,490,000?

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 $1,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$123,043$121,947$120,878$119,834$118,815$118,066
2 years$60,912$59,778$58,678$57,612$56,578$55,823
3 years$40,205$39,065$37,969$36,913$35,896$35,157
4 years$29,853$28,717$27,632$26,594$25,601$24,885
5 years$23,644$22,515$21,443$20,426$19,462$18,770
6 years$19,505$18,385$17,329$16,335$15,399$14,734
7 years$16,551$15,440$14,401$13,430$12,524$11,884
8 years$14,336$13,235$12,213$11,266$10,390$9,776
9 years$12,614$11,523$10,519$9,596$8,750$8,161
10 years$11,237$10,157$9,171$8,272$7,455$6,892
11 years$10,111$9,042$8,074$7,199$6,412$5,874
12 years$9,174$8,116$7,165$6,315$5,556$5,043
13 years$8,381$7,334$6,402$5,575$4,845$4,356
14 years$7,703$6,667$5,752$4,949$4,247$3,782
15 years$7,115$6,090$5,193$4,413$3,740$3,297
16 years$6,601$5,588$4,708$3,952$3,305$2,885
17 years$6,148$5,146$4,284$3,551$2,930$2,532
18 years$5,746$4,755$3,911$3,200$2,606$2,228
19 years$5,387$4,407$3,580$2,891$2,322$1,965
20 years$5,064$4,095$3,286$2,619$2,074$1,736
21 years$4,772$3,815$3,022$2,377$1,856$1,537
22 years$4,507$3,561$2,786$2,161$1,664$1,362
23 years$4,266$3,330$2,572$1,968$1,494$1,209
24 years$4,045$3,120$2,379$1,795$1,343$1,075
25 years$3,841$2,928$2,203$1,639$1,208$956
26 years$3,654$2,752$2,043$1,499$1,088$851
27 years$3,481$2,590$1,897$1,372$981$759
28 years$3,321$2,441$1,764$1,257$885$676
29 years$3,172$2,302$1,641$1,153$799$604
30 years$3,033$2,174$1,529$1,058$722$539
31 years$2,903$2,055$1,425$972$653$481
32 years$2,782$1,945$1,330$893$591$430
33 years$2,668$1,842$1,242$821$535$384
34 years$2,562$1,746$1,160$755$484$344
35 years$2,461$1,656$1,085$695$438$308
36 years$2,366$1,572$1,015$640$397$275
37 years$2,277$1,493$950$590$360$246
38 years$2,193$1,418$889$544$326$220
39 years$2,113$1,349$833$502$296$197
40 years$2,037$1,283$781$463$268$177
41 years$1,965$1,222$732$427$244$158
42 years$1,897$1,163$687$394$221$142
43 years$1,832$1,108$645$364$201$127
44 years$1,770$1,057$605$336$182$114
45 years$1,711$1,008$568$310$165$102
46 years$1,655$961$534$286$150$91
47 years$1,602$917$501$265$136$82
48 years$1,551$876$471$244$124$73
49 years$1,502$836$443$226$112$66
50 years$1,455$799$416$209$102$59

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,490,000, adding $2,279 every year, while hoping to spend $30,436 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: 27/50/23 Blend
66$1,490,000$1,490,000$1,490,000$1,490,000
67$1,644,331$1,565,361$1,542,266$1,676,750
68$1,779,669$1,609,680$1,561,548$1,746,922
69$1,927,791$1,655,150$1,580,456$1,819,399
70$2,089,970$1,701,797$1,598,945$1,896,578
71$2,267,606$1,749,643$1,616,969$1,978,876
72$2,462,241$1,798,715$1,634,476$2,066,755
73$2,675,573$1,849,036$1,651,416$2,160,719
74$2,909,475$1,900,632$1,667,731$2,261,325
75$3,166,006$1,953,528$1,683,364$2,369,187
76$3,447,435$2,007,748$1,698,254$2,484,977
77$3,756,263$2,063,317$1,712,335$2,609,437
78$4,095,243$2,120,260$1,725,540$2,743,383
79$4,467,408$2,178,603$1,737,795$2,887,714
80$4,876,099$2,238,370$1,749,027$3,043,419
81$5,324,997$2,299,585$1,759,154$3,211,587
82$5,818,155$2,362,274$1,768,095$3,393,418
83$6,360,040$2,426,459$1,775,760$3,590,232
84$6,955,574$2,492,165$1,782,057$3,803,484
85$7,610,177$2,559,415$1,786,890$4,034,776
86$8,329,821$2,628,232$1,790,157$4,285,873
87$9,121,085$2,698,639$1,791,750$4,558,719
88$9,991,220$2,770,656$1,791,558$4,855,457
89$10,948,212$2,844,306$1,789,462$5,178,444
90$12,000,860$2,919,607$1,785,340$5,530,282
91$13,158,861$2,996,581$1,779,062$5,913,834
92$14,432,895$3,075,244$1,770,491$6,332,257
93$15,834,734$3,155,615$1,759,486$6,789,026
94$17,377,346$3,237,708$1,745,897$7,287,975
95$19,075,019$3,321,540$1,729,569$7,833,326
96$20,943,498$3,407,123$1,710,337$8,429,730
97$23,000,131$3,494,468$1,688,029$9,082,316
98$25,264,033$3,583,585$1,662,467$9,796,733
99$27,756,267$3,674,483$1,633,462$10,579,208
100$30,500,040$3,767,167$1,600,817$11,436,603