Can I retire at age 67 with 1,660,000?

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 $1,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$137,081$135,860$134,669$133,506$132,371$127,827
2 years$67,862$66,598$65,373$64,186$63,034$58,502
3 years$44,792$43,523$42,301$41,124$39,991$35,614
4 years$33,259$31,994$30,784$29,628$28,522$24,333
5 years$26,341$25,083$23,890$22,757$21,682$17,692
6 years$21,731$20,483$19,306$18,199$17,156$13,369
7 years$18,439$17,201$16,044$14,962$13,953$10,367
8 years$15,971$14,745$13,606$12,552$11,575$8,188
9 years$14,053$12,838$11,719$10,691$9,748$6,555
10 years$12,519$11,316$10,217$9,216$8,306$5,302
11 years$11,265$10,074$8,995$8,021$7,143$4,323
12 years$10,221$9,042$7,983$7,035$6,190$3,547
13 years$9,338$8,171$7,132$6,211$5,398$2,925
14 years$8,582$7,427$6,408$5,513$4,732$2,421
15 years$7,927$6,785$5,786$4,917$4,166$2,011
16 years$7,354$6,225$5,246$4,403$3,682$1,675
17 years$6,850$5,733$4,773$3,956$3,265$1,398
18 years$6,402$5,298$4,357$3,565$2,903$1,169
19 years$6,002$4,910$3,989$3,221$2,587$979
20 years$5,642$4,562$3,661$2,917$2,311$821
21 years$5,317$4,250$3,367$2,648$2,068$689
22 years$5,021$3,967$3,104$2,407$1,854$579
23 years$4,752$3,710$2,866$2,192$1,664$487
24 years$4,506$3,476$2,650$2,000$1,496$409
25 years$4,280$3,262$2,455$1,826$1,346$344
26 years$4,071$3,066$2,276$1,670$1,212$290
27 years$3,878$2,885$2,114$1,528$1,093$244
28 years$3,700$2,719$1,965$1,400$986$206
29 years$3,534$2,565$1,829$1,284$891$173
30 years$3,379$2,422$1,703$1,179$805$146
31 years$3,235$2,290$1,588$1,082$728$123
32 years$3,099$2,167$1,482$995$658$104
33 years$2,973$2,052$1,383$915$596$88
34 years$2,854$1,945$1,293$842$539$74
35 years$2,742$1,845$1,208$775$488$62
36 years$2,636$1,751$1,131$714$443$53
37 years$2,537$1,663$1,058$657$401$44
38 years$2,443$1,580$991$606$364$37
39 years$2,354$1,503$928$559$330$32
40 years$2,269$1,430$870$515$299$27
41 years$2,189$1,361$816$475$271$22
42 years$2,113$1,296$765$439$246$19
43 years$2,041$1,235$718$405$223$16
44 years$1,972$1,177$674$374$203$14
45 years$1,907$1,123$633$345$184$11
46 years$1,844$1,071$595$319$167$10
47 years$1,785$1,022$559$295$152$8
48 years$1,727$976$525$272$138$7
49 years$1,673$932$493$252$125$6
50 years$1,621$890$464$233$114$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,660,000, adding $2,168 every year, while hoping to spend $52,061 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: 82/6/12 Blend
66$1,660,000$1,660,000$1,660,000$1,660,000
67$1,831,556$1,743,576$1,717,846$1,977,653
68$1,962,983$1,773,619$1,720,002$2,103,794
69$2,106,069$1,803,389$1,720,484$2,235,185
70$2,261,951$1,832,818$1,719,183$2,377,900
71$2,431,877$1,861,832$1,715,982$2,533,049
72$2,617,219$1,890,353$1,710,759$2,701,853
73$2,819,492$1,918,297$1,703,385$2,885,657
74$3,040,358$1,945,572$1,693,727$3,085,945
75$3,281,651$1,972,081$1,681,644$3,304,347
76$3,545,389$1,997,722$1,666,988$3,542,663
77$3,833,791$2,022,383$1,649,604$3,802,874
78$4,149,303$2,045,945$1,629,332$4,087,161
79$4,494,619$2,068,283$1,606,001$4,397,930
80$4,872,702$2,089,261$1,579,434$4,737,829
81$5,286,818$2,108,736$1,549,446$5,109,777
82$5,740,563$2,126,553$1,515,842$5,516,990
83$6,237,896$2,142,550$1,478,418$5,963,010
84$6,783,179$2,156,553$1,436,963$6,451,741
85$7,381,215$2,168,375$1,391,252$6,987,484
86$8,037,294$2,177,820$1,341,054$7,574,980
87$8,757,244$2,184,679$1,286,125$8,219,451
88$9,547,483$2,188,729$1,226,211$8,926,652
89$10,415,082$2,189,733$1,161,045$9,702,925
90$11,367,830$2,187,439$1,090,349$10,555,257
91$12,414,305$2,181,580$1,013,833$11,491,349
92$13,563,961$2,171,874$931,192$12,519,686
93$14,827,208$2,158,019$842,111$13,649,620
94$16,215,518$2,139,697$746,256$14,891,454
95$17,741,527$2,116,568$643,282$16,256,544
96$19,419,158$2,088,275$532,827$17,757,405
97$21,263,749$2,054,438$414,514$19,407,825
98$23,292,200$2,014,653$287,948$21,223,002
99$25,523,128$1,968,495$152,718$23,219,682
100$27,977,047$1,915,512$8,394$25,416,321