Can I retire at age 67 with 1,590,000?

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 $1,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$131,301$130,131$128,990$127,876$126,789$121,999
2 years$65,000$63,790$62,617$61,479$60,376$55,606
3 years$42,903$41,687$40,517$39,390$38,305$33,705
4 years$31,857$30,645$29,486$28,378$27,319$22,924
5 years$25,231$24,026$22,882$21,797$20,768$16,589
6 years$20,815$19,619$18,492$17,432$16,433$12,473
7 years$17,662$16,476$15,367$14,331$13,364$9,623
8 years$15,298$14,123$13,033$12,022$11,087$7,560
9 years$13,460$12,296$11,225$10,240$9,337$6,019
10 years$11,991$10,839$9,786$8,827$7,955$4,841
11 years$10,790$9,649$8,616$7,682$6,842$3,924
12 years$9,790$8,661$7,646$6,738$5,929$3,200
13 years$8,944$7,827$6,831$5,949$5,170$2,623
14 years$8,220$7,114$6,138$5,281$4,532$2,158
15 years$7,593$6,499$5,542$4,710$3,991$1,781
16 years$7,044$5,963$5,024$4,217$3,527$1,473
17 years$6,561$5,491$4,572$3,789$3,127$1,222
18 years$6,132$5,074$4,174$3,415$2,781$1,015
19 years$5,749$4,703$3,821$3,085$2,478$844
20 years$5,404$4,370$3,507$2,794$2,214$703
21 years$5,092$4,071$3,225$2,536$1,981$586
22 years$4,810$3,800$2,973$2,306$1,776$489
23 years$4,552$3,554$2,745$2,100$1,594$408
24 years$4,316$3,330$2,538$1,915$1,433$341
25 years$4,099$3,125$2,351$1,749$1,289$285
26 years$3,900$2,937$2,180$1,599$1,161$238
27 years$3,715$2,764$2,025$1,464$1,047$199
28 years$3,544$2,604$1,882$1,341$945$166
29 years$3,385$2,457$1,752$1,230$853$139
30 years$3,237$2,320$1,632$1,129$771$116
31 years$3,098$2,193$1,521$1,037$697$97
32 years$2,969$2,075$1,419$953$630$82
33 years$2,847$1,965$1,325$876$570$68
34 years$2,734$1,863$1,238$806$517$57
35 years$2,626$1,767$1,158$742$468$48
36 years$2,525$1,677$1,083$683$424$40
37 years$2,430$1,593$1,014$630$384$34
38 years$2,340$1,514$949$580$348$28
39 years$2,255$1,439$889$535$316$24
40 years$2,174$1,369$833$494$286$20
41 years$2,097$1,304$782$455$260$16
42 years$2,024$1,241$733$420$236$14
43 years$1,955$1,183$688$388$214$12
44 years$1,889$1,128$646$358$194$10
45 years$1,826$1,075$606$331$176$8
46 years$1,766$1,026$569$306$160$7
47 years$1,709$979$535$282$145$6
48 years$1,655$934$503$261$132$5
49 years$1,602$892$473$241$120$4
50 years$1,552$852$444$223$109$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,590,000, adding $6,226 every year, while hoping to spend $41,434 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: 74/8/18 Blend
66$1,590,000$1,590,000$1,590,000$1,590,000
67$1,758,602$1,674,332$1,649,687$1,880,957
68$1,893,894$1,712,289$1,660,866$2,000,865
69$2,041,597$1,750,717$1,671,031$2,126,549
70$2,202,933$1,789,595$1,680,104$2,263,188
71$2,379,249$1,828,902$1,688,003$2,411,864
72$2,572,024$1,868,609$1,694,643$2,573,766
73$2,782,890$1,908,691$1,699,933$2,750,205
74$3,013,642$1,949,115$1,703,779$2,942,625
75$3,266,259$1,989,847$1,706,081$3,152,619
76$3,542,918$2,030,849$1,706,735$3,381,938
77$3,846,015$2,072,081$1,705,631$3,632,515
78$4,178,193$2,113,497$1,702,653$3,906,478
79$4,542,360$2,155,049$1,697,683$4,206,173
80$4,941,718$2,196,684$1,690,593$4,534,183
81$5,379,796$2,238,344$1,681,250$4,893,357
82$5,860,479$2,279,967$1,669,516$5,286,832
83$6,388,048$2,321,486$1,655,246$5,718,067
84$6,967,219$2,362,828$1,638,286$6,190,872
85$7,603,183$2,403,915$1,618,477$6,709,447
86$8,301,663$2,444,663$1,595,651$7,278,418
87$9,068,962$2,484,980$1,569,634$7,902,885
88$9,912,021$2,524,769$1,540,242$8,588,468
89$10,838,490$2,563,926$1,507,283$9,341,360
90$11,856,796$2,602,338$1,470,557$10,168,387
91$12,976,221$2,639,884$1,429,853$11,077,069
92$14,206,994$2,676,437$1,384,951$12,075,696
93$15,560,382$2,711,857$1,335,621$13,173,403
94$17,048,801$2,745,997$1,281,624$14,380,256
95$18,685,927$2,778,701$1,222,708$15,707,350
96$20,486,833$2,809,798$1,158,609$17,166,912
97$22,468,121$2,839,109$1,089,054$18,772,416
98$24,648,087$2,866,444$1,013,755$20,538,713
99$27,046,889$2,891,596$932,413$22,482,167
100$29,686,737$2,914,349$844,714$24,620,815