Can I retire at age 67 with 1,650,000?

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 $1,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$136,255$135,042$133,858$132,702$131,573$127,566
2 years$67,453$66,197$64,979$63,799$62,654$58,651
3 years$44,522$43,260$42,046$40,877$39,750$35,877
4 years$33,059$31,801$30,599$29,449$28,350$24,637
5 years$26,183$24,932$23,746$22,620$21,551$18,008
6 years$21,600$20,359$19,190$18,089$17,053$13,682
7 years$18,328$17,098$15,947$14,872$13,869$10,670
8 years$15,875$14,656$13,524$12,476$11,505$8,478
9 years$13,968$12,761$11,649$10,627$9,689$6,829
10 years$12,444$11,248$10,156$9,160$8,256$5,558
11 years$11,197$10,013$8,941$7,972$7,100$4,561
12 years$10,159$8,987$7,935$6,993$6,153$3,767
13 years$9,281$8,122$7,089$6,174$5,365$3,128
14 years$8,530$7,383$6,370$5,480$4,703$2,607
15 years$7,879$6,744$5,751$4,887$4,141$2,181
16 years$7,310$6,188$5,214$4,376$3,660$1,830
17 years$6,809$5,699$4,745$3,932$3,245$1,538
18 years$6,363$5,266$4,331$3,543$2,885$1,296
19 years$5,966$4,880$3,965$3,202$2,572$1,094
20 years$5,608$4,535$3,639$2,900$2,297$924
21 years$5,285$4,224$3,347$2,632$2,056$781
22 years$4,991$3,943$3,085$2,393$1,843$662
23 years$4,724$3,688$2,848$2,179$1,654$561
24 years$4,479$3,455$2,634$1,988$1,487$475
25 years$4,254$3,243$2,440$1,815$1,338$403
26 years$4,047$3,048$2,263$1,660$1,205$342
27 years$3,855$2,868$2,101$1,519$1,086$291
28 years$3,677$2,703$1,953$1,392$980$247
29 years$3,512$2,550$1,818$1,276$885$210
30 years$3,359$2,408$1,693$1,171$800$178
31 years$3,215$2,276$1,578$1,076$723$152
32 years$3,081$2,154$1,473$989$654$129
33 years$2,955$2,040$1,375$909$592$110
34 years$2,837$1,933$1,285$837$536$93
35 years$2,725$1,834$1,201$770$485$79
36 years$2,621$1,740$1,124$709$440$67
37 years$2,522$1,653$1,052$653$399$57
38 years$2,428$1,571$985$602$361$49
39 years$2,340$1,494$923$555$328$42
40 years$2,256$1,421$865$512$297$35
41 years$2,176$1,353$811$473$270$30
42 years$2,101$1,288$761$436$245$26
43 years$2,029$1,228$714$403$222$22
44 years$1,960$1,170$670$372$202$19
45 years$1,895$1,116$629$343$183$16
46 years$1,833$1,064$591$317$166$13
47 years$1,774$1,016$555$293$151$11
48 years$1,717$970$522$271$137$10
49 years$1,663$926$490$250$124$8
50 years$1,611$885$461$231$113$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,650,000, adding $3,281 every year, while hoping to spend $46,503 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: 72/13/15 Blend
66$1,650,000$1,650,000$1,650,000$1,650,000
67$1,821,684$1,734,234$1,708,659$1,946,493
68$1,958,017$1,769,733$1,716,421$2,065,193
69$2,106,698$1,805,413$1,722,883$2,189,162
70$2,268,936$1,841,233$1,727,955$2,323,696
71$2,446,064$1,877,150$1,731,538$2,469,830
72$2,639,548$1,913,116$1,733,530$2,628,707
73$2,851,004$1,949,080$1,733,825$2,801,584
74$3,082,208$1,984,987$1,732,310$2,989,847
75$3,335,117$2,020,775$1,728,867$3,195,021
76$3,611,887$2,056,381$1,723,371$3,418,789
77$3,914,890$2,091,734$1,715,695$3,663,004
78$4,246,738$2,126,759$1,705,700$3,929,708
79$4,610,310$2,161,374$1,693,246$4,221,151
80$5,008,774$2,195,494$1,678,182$4,539,811
81$5,445,620$2,229,024$1,660,352$4,888,423
82$5,924,691$2,261,865$1,639,592$5,269,995
83$6,450,222$2,293,909$1,615,731$5,687,847
84$7,026,876$2,325,041$1,588,588$6,145,635
85$7,659,787$2,355,138$1,557,976$6,647,389
86$8,354,616$2,384,070$1,523,699$7,197,549
87$9,117,593$2,411,696$1,485,549$7,801,010
88$9,955,584$2,437,865$1,443,311$8,463,164
89$10,876,152$2,462,419$1,396,760$9,189,958
90$11,887,628$2,485,187$1,345,661$9,987,940
91$12,999,192$2,505,986$1,289,766$10,864,332
92$14,220,954$2,524,624$1,228,818$11,827,090
93$15,564,055$2,540,895$1,162,547$12,884,984
94$17,040,769$2,554,578$1,090,672$14,047,678
95$18,664,616$2,565,442$1,012,899$15,325,824
96$20,450,495$2,573,236$928,919$16,731,162
97$22,414,819$2,577,699$838,411$18,276,628
98$24,575,673$2,578,548$741,041$19,976,482
99$26,952,982$2,575,488$636,456$21,846,439
100$29,568,701$2,568,201$524,292$23,903,818