Can I retire at age 67 with 1,700,000?

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 $1,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$140,384$139,134$137,914$136,723$135,560$134,763
2 years$69,497$68,203$66,949$65,732$64,553$63,748
3 years$45,871$44,571$43,320$42,115$40,955$40,168
4 years$34,061$32,765$31,526$30,342$29,209$28,446
5 years$26,976$25,688$24,465$23,305$22,204$21,467
6 years$22,255$20,976$19,772$18,637$17,570$16,860
7 years$18,883$17,616$16,430$15,323$14,289$13,606
8 years$16,356$15,100$13,934$12,854$11,854$11,199
9 years$14,392$13,147$12,002$10,949$9,983$9,355
10 years$12,821$11,589$10,463$9,438$8,506$7,905
11 years$11,537$10,317$9,212$8,214$7,315$6,741
12 years$10,467$9,260$8,175$7,205$6,339$5,791
13 years$9,563$8,368$7,304$6,361$5,528$5,006
14 years$8,788$7,606$6,563$5,646$4,846$4,348
15 years$8,118$6,949$5,925$5,035$4,267$3,793
16 years$7,532$6,375$5,372$4,509$3,771$3,321
17 years$7,015$5,871$4,888$4,051$3,343$2,917
18 years$6,556$5,425$4,462$3,651$2,973$2,569
19 years$6,146$5,028$4,085$3,299$2,650$2,267
20 years$5,778$4,672$3,749$2,988$2,367$2,005
21 years$5,445$4,352$3,448$2,712$2,118$1,776
22 years$5,142$4,063$3,178$2,465$1,899$1,575
23 years$4,867$3,800$2,935$2,245$1,704$1,400
24 years$4,615$3,560$2,714$2,048$1,532$1,245
25 years$4,383$3,341$2,514$1,870$1,378$1,108
26 years$4,169$3,140$2,331$1,710$1,242$987
27 years$3,972$2,955$2,165$1,565$1,119$881
28 years$3,789$2,784$2,013$1,434$1,010$786
29 years$3,619$2,627$1,873$1,315$912$702
30 years$3,460$2,481$1,744$1,207$824$627
31 years$3,313$2,345$1,626$1,108$745$561
32 years$3,174$2,219$1,517$1,019$674$501
33 years$3,044$2,101$1,417$937$610$448
34 years$2,923$1,992$1,324$862$552$401
35 years$2,808$1,889$1,238$793$500$359
36 years$2,700$1,793$1,158$731$453$322
37 years$2,598$1,703$1,084$673$411$288
38 years$2,502$1,618$1,015$621$372$258
39 years$2,411$1,539$951$572$338$231
40 years$2,324$1,464$891$528$306$207
41 years$2,242$1,394$836$487$278$186
42 years$2,164$1,327$784$449$252$167
43 years$2,090$1,265$736$415$229$149
44 years$2,020$1,206$690$383$208$134
45 years$1,953$1,150$648$354$189$120
46 years$1,889$1,097$609$327$171$108
47 years$1,828$1,047$572$302$155$97
48 years$1,769$999$538$279$141$87
49 years$1,713$954$505$258$128$78
50 years$1,660$911$475$238$116$70

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,700,000, adding $2,092 every year, while hoping to spend $39,615 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: 57/27/16 Blend
66$1,700,000$1,700,000$1,700,000$1,700,000
67$1,875,558$1,785,458$1,759,108$1,974,529
68$2,024,715$1,830,795$1,775,888$2,087,235
69$2,187,758$1,877,026$1,791,902$2,205,493
70$2,366,062$1,924,153$1,807,084$2,333,457
71$2,561,140$1,972,177$1,821,361$2,472,064
72$2,774,659$2,021,096$1,834,660$2,622,350
73$3,008,454$2,070,910$1,846,900$2,785,454
74$3,264,546$2,121,614$1,858,001$2,962,631
75$3,545,159$2,173,203$1,867,874$3,155,263
76$3,852,746$2,225,670$1,876,428$3,364,871
77$4,190,005$2,279,006$1,883,567$3,593,135
78$4,559,909$2,333,201$1,889,190$3,841,900
79$4,965,732$2,388,241$1,893,191$4,113,204
80$5,411,083$2,444,110$1,895,458$4,409,288
81$5,899,932$2,500,791$1,895,875$4,732,624
82$6,436,657$2,558,262$1,894,319$5,085,935
83$7,026,078$2,616,499$1,890,661$5,472,221
84$7,673,507$2,675,475$1,884,766$5,894,788
85$8,384,792$2,735,161$1,876,493$6,357,279
86$9,166,378$2,795,522$1,865,693$6,863,708
87$10,025,366$2,856,520$1,852,212$7,418,498
88$10,969,578$2,918,113$1,835,885$8,026,524
89$12,007,630$2,980,256$1,816,542$8,693,157
90$13,149,017$3,042,897$1,794,005$9,424,319
91$14,404,198$3,105,981$1,768,086$10,226,531
92$15,784,699$3,169,446$1,738,589$11,106,984
93$17,303,215$3,233,227$1,705,309$12,073,601
94$18,973,738$3,297,249$1,668,031$13,135,113
95$20,811,679$3,361,435$1,626,531$14,301,142
96$22,834,024$3,425,698$1,580,573$15,582,295
97$25,059,483$3,489,946$1,529,911$16,990,257
98$27,508,676$3,554,079$1,474,288$18,537,910
99$30,204,319$3,617,987$1,413,435$20,239,448
100$33,171,446$3,681,555$1,347,072$22,110,516