Can I retire at age 67 with 1,550,000?

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 $1,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$127,998$126,857$125,745$124,659$123,599$121,652
2 years$63,365$62,185$61,041$59,932$58,857$56,900
3 years$41,824$40,639$39,498$38,399$37,341$35,436
4 years$31,055$29,874$28,744$27,664$26,632$24,792
5 years$24,596$23,421$22,307$21,249$20,245$18,477
6 years$20,291$19,125$18,027$16,993$16,019$14,325
7 years$17,217$16,061$14,981$13,971$13,028$11,407
8 years$14,913$13,768$12,705$11,720$10,808$9,261
9 years$13,122$11,987$10,943$9,983$9,102$7,628
10 years$11,690$10,566$9,540$8,605$7,755$6,353
11 years$10,519$9,406$8,399$7,489$6,670$5,337
12 years$9,543$8,443$7,454$6,569$5,780$4,516
13 years$8,719$7,630$6,659$5,799$5,040$3,843
14 years$8,013$6,935$5,984$5,148$4,418$3,286
15 years$7,402$6,335$5,402$4,591$3,890$2,820
16 years$6,867$5,813$4,898$4,111$3,438$2,429
17 years$6,396$5,353$4,457$3,694$3,048$2,098
18 years$5,978$4,947$4,069$3,329$2,711$1,816
19 years$5,604$4,584$3,725$3,008$2,416$1,575
20 years$5,268$4,260$3,418$2,724$2,158$1,368
21 years$4,964$3,968$3,144$2,472$1,931$1,191
22 years$4,689$3,704$2,898$2,248$1,731$1,037
23 years$4,437$3,464$2,676$2,047$1,554$905
24 years$4,207$3,246$2,475$1,867$1,397$790
25 years$3,996$3,046$2,292$1,705$1,257$690
26 years$3,801$2,863$2,126$1,559$1,132$603
27 years$3,621$2,694$1,974$1,427$1,021$528
28 years$3,455$2,539$1,835$1,308$921$462
29 years$3,300$2,395$1,708$1,199$832$405
30 years$3,155$2,262$1,591$1,100$751$355
31 years$3,020$2,138$1,483$1,011$679$311
32 years$2,894$2,023$1,383$929$615$273
33 years$2,776$1,916$1,292$854$556$239
34 years$2,665$1,816$1,207$786$504$210
35 years$2,560$1,722$1,128$723$456$184
36 years$2,462$1,635$1,056$666$413$161
37 years$2,369$1,553$988$614$374$142
38 years$2,281$1,476$925$566$340$124
39 years$2,198$1,403$867$522$308$109
40 years$2,119$1,335$813$481$279$96
41 years$2,044$1,271$762$444$253$84
42 years$1,973$1,210$715$410$230$74
43 years$1,906$1,153$671$378$209$65
44 years$1,842$1,099$629$349$189$57
45 years$1,780$1,048$591$323$172$50
46 years$1,722$1,000$555$298$156$44
47 years$1,666$954$522$275$142$39
48 years$1,613$911$490$254$129$34
49 years$1,562$870$461$235$117$30
50 years$1,513$831$433$217$106$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,550,000, adding $6,394 every year, while hoping to spend $59,415 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: 67/17/16 Blend
66$1,550,000$1,550,000$1,550,000$1,550,000
67$1,714,695$1,632,545$1,608,520$1,822,604
68$1,826,377$1,649,323$1,599,189$1,912,239
69$1,947,459$1,664,931$1,587,553$2,002,661
70$2,078,838$1,679,251$1,573,474$2,100,057
71$2,221,498$1,692,153$1,556,804$2,205,107
72$2,376,524$1,703,501$1,537,390$2,318,561
73$2,545,108$1,713,152$1,515,071$2,441,249
74$2,728,563$1,720,950$1,489,680$2,574,084
75$2,928,331$1,726,731$1,461,039$2,718,072
76$3,146,001$1,730,322$1,428,964$2,874,326
77$3,383,322$1,731,536$1,393,263$3,044,072
78$3,642,217$1,730,177$1,353,734$3,228,662
79$3,924,804$1,726,037$1,310,164$3,429,587
80$4,233,414$1,718,892$1,262,335$3,648,492
81$4,570,612$1,708,508$1,210,013$3,887,193
82$4,939,225$1,694,636$1,152,959$4,147,690
83$5,342,362$1,677,009$1,090,920$4,432,193
84$5,783,449$1,655,348$1,023,631$4,743,135
85$6,266,255$1,629,355$950,817$5,083,202
86$6,794,934$1,598,714$872,190$5,455,358
87$7,374,058$1,563,091$787,449$5,862,868
88$8,008,662$1,522,134$696,280$6,309,337
89$8,704,294$1,475,466$598,353$6,798,738
90$9,467,061$1,422,693$493,327$7,335,454
91$10,303,690$1,363,394$380,842$7,924,319
92$11,221,591$1,297,125$260,525$8,570,663
93$12,228,927$1,223,418$131,986$9,280,363
94$13,334,687$1,141,774$0$10,059,903
95$14,548,774$1,051,670$0$10,917,316
96$15,882,098$952,551$0$11,883,703
97$17,346,675$843,829$0$12,945,275
98$18,955,744$724,885$0$14,111,695
99$20,723,888$595,063$0$15,393,615
100$22,667,176$453,672$0$16,802,774