Can I retire at age 67 with 1,710,000?

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 $1,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$141,210$139,952$138,725$137,527$136,358$132,258
2 years$69,906$68,604$67,342$66,119$64,932$60,836
3 years$46,141$44,834$43,575$42,363$41,196$37,232
4 years$34,261$32,957$31,711$30,520$29,381$25,580
5 years$27,135$25,839$24,609$23,442$22,335$18,707
6 years$22,385$21,099$19,888$18,747$17,673$14,221
7 years$18,994$17,719$16,527$15,413$14,373$11,097
8 years$16,452$15,189$14,016$12,930$11,924$8,822
9 years$14,476$13,225$12,072$11,013$10,041$7,110
10 years$12,896$11,657$10,525$9,493$8,556$5,791
11 years$11,604$10,377$9,266$8,262$7,358$4,756
12 years$10,529$9,314$8,223$7,247$6,377$3,930
13 years$9,619$8,417$7,347$6,398$5,560$3,265
14 years$8,840$7,651$6,601$5,679$4,874$2,724
15 years$8,166$6,989$5,960$5,065$4,292$2,280
16 years$7,576$6,413$5,404$4,535$3,793$1,914
17 years$7,056$5,906$4,917$4,075$3,363$1,611
18 years$6,595$5,457$4,489$3,672$2,990$1,358
19 years$6,182$5,058$4,109$3,318$2,665$1,147
20 years$5,812$4,700$3,771$3,005$2,381$969
21 years$5,477$4,378$3,469$2,727$2,131$821
22 years$5,173$4,086$3,197$2,480$1,910$695
23 years$4,895$3,822$2,952$2,258$1,714$590
24 years$4,642$3,581$2,730$2,060$1,541$500
25 years$4,409$3,361$2,529$1,881$1,386$425
26 years$4,194$3,158$2,345$1,720$1,249$361
27 years$3,995$2,972$2,178$1,574$1,126$307
28 years$3,811$2,801$2,024$1,443$1,016$261
29 years$3,640$2,642$1,884$1,323$917$222
30 years$3,481$2,495$1,755$1,214$829$189
31 years$3,332$2,359$1,636$1,115$749$160
32 years$3,193$2,232$1,526$1,025$678$137
33 years$3,062$2,114$1,425$942$614$116
34 years$2,940$2,003$1,332$867$555$99
35 years$2,825$1,900$1,245$798$503$84
36 years$2,716$1,804$1,165$735$456$72
37 years$2,613$1,713$1,090$677$413$61
38 years$2,516$1,628$1,021$624$375$52
39 years$2,425$1,548$956$576$340$44
40 years$2,338$1,473$896$531$308$38
41 years$2,255$1,402$841$490$280$32
42 years$2,177$1,335$788$452$254$27
43 years$2,103$1,272$740$417$230$23
44 years$2,032$1,213$694$385$209$20
45 years$1,964$1,156$652$356$190$17
46 years$1,900$1,103$612$329$172$14
47 years$1,838$1,053$575$304$156$12
48 years$1,780$1,005$541$281$142$10
49 years$1,723$960$508$259$129$9
50 years$1,670$917$478$240$117$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,710,000, adding $6,734 every year, while hoping to spend $52,222 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: 45/42/13 Blend
66$1,710,000$1,710,000$1,710,000$1,710,000
67$1,891,366$1,800,736$1,774,231$1,969,182
68$2,028,722$1,833,408$1,778,104$2,056,639
69$2,178,337$1,865,931$1,780,356$2,145,589
70$2,341,408$1,898,243$1,780,879$2,240,890
71$2,519,250$1,930,275$1,779,557$2,343,149
72$2,713,311$1,961,955$1,776,269$2,453,036
73$2,925,185$1,993,207$1,770,890$2,571,290
74$3,156,625$2,023,946$1,763,287$2,698,728
75$3,409,565$2,054,084$1,753,321$2,836,249
76$3,686,130$2,083,523$1,740,846$2,984,846
77$3,988,661$2,112,162$1,725,711$3,145,614
78$4,319,737$2,139,890$1,707,754$3,319,763
79$4,682,196$2,166,590$1,686,810$3,508,625
80$5,079,163$2,192,137$1,662,702$3,713,671
81$5,514,082$2,216,396$1,635,246$3,936,527
82$5,990,744$2,239,224$1,604,252$4,178,982
83$6,513,323$2,260,469$1,569,518$4,443,014
84$7,086,417$2,279,968$1,530,832$4,730,802
85$7,715,093$2,297,547$1,487,976$5,044,754
86$8,404,928$2,313,023$1,440,719$5,387,522
87$9,162,068$2,326,198$1,388,820$5,762,036
88$9,993,281$2,336,864$1,332,028$6,171,527
89$10,906,023$2,344,797$1,270,078$6,619,558
90$11,908,508$2,349,763$1,202,696$7,110,062
91$13,009,783$2,351,509$1,129,594$7,647,378
92$14,219,816$2,349,768$1,050,471$8,236,289
93$15,549,589$2,344,258$965,013$8,882,075
94$17,011,198$2,334,678$872,892$9,590,558
95$18,617,971$2,320,707$773,764$10,368,161
96$20,384,591$2,302,009$667,272$11,221,969
97$22,327,235$2,278,224$553,042$12,159,794
98$24,463,726$2,248,970$430,683$13,190,257
99$26,813,702$2,213,846$299,786$14,322,863
100$29,398,798$2,172,422$159,927$15,568,095