Can I retire at age 67 with 1,780,000?

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 $1,780,000?

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$146,991$145,681$144,404$143,157$141,940$137,672
2 years$72,768$71,412$70,099$68,826$67,590$63,327
3 years$48,030$46,669$45,359$44,097$42,882$38,756
4 years$35,663$34,307$33,010$31,770$30,584$26,627
5 years$28,246$26,897$25,617$24,402$23,249$19,473
6 years$23,302$21,963$20,702$19,515$18,396$14,803
7 years$19,772$18,445$17,204$16,044$14,961$11,551
8 years$17,126$15,810$14,590$13,459$12,412$9,183
9 years$15,069$13,766$12,566$11,464$10,453$7,401
10 years$13,424$12,134$10,956$9,882$8,906$6,028
11 years$12,079$10,802$9,645$8,600$7,660$4,950
12 years$10,960$9,695$8,560$7,544$6,638$4,091
13 years$10,013$8,762$7,648$6,660$5,788$3,399
14 years$9,202$7,964$6,871$5,912$5,074$2,835
15 years$8,500$7,275$6,204$5,272$4,467$2,374
16 years$7,886$6,675$5,625$4,721$3,948$1,993
17 years$7,345$6,148$5,118$4,242$3,501$1,677
18 years$6,865$5,681$4,672$3,823$3,113$1,413
19 years$6,436$5,265$4,277$3,454$2,774$1,193
20 years$6,050$4,892$3,926$3,128$2,478$1,009
21 years$5,701$4,557$3,611$2,839$2,218$854
22 years$5,384$4,254$3,328$2,581$1,988$724
23 years$5,096$3,978$3,073$2,351$1,784$614
24 years$4,832$3,728$2,842$2,144$1,604$521
25 years$4,589$3,498$2,632$1,958$1,443$442
26 years$4,366$3,288$2,441$1,790$1,300$376
27 years$4,159$3,094$2,267$1,639$1,172$319
28 years$3,967$2,916$2,107$1,502$1,058$271
29 years$3,789$2,750$1,961$1,377$955$231
30 years$3,623$2,598$1,827$1,264$863$196
31 years$3,468$2,456$1,703$1,161$780$167
32 years$3,324$2,323$1,589$1,067$706$142
33 years$3,188$2,200$1,483$981$639$121
34 years$3,060$2,085$1,386$902$578$103
35 years$2,940$1,978$1,296$831$524$88
36 years$2,827$1,877$1,212$765$475$75
37 years$2,720$1,783$1,135$705$430$64
38 years$2,619$1,695$1,063$650$390$54
39 years$2,524$1,611$995$599$354$46
40 years$2,434$1,533$933$553$321$39
41 years$2,348$1,459$875$510$291$33
42 years$2,266$1,390$821$471$264$28
43 years$2,189$1,324$770$434$240$24
44 years$2,115$1,262$723$401$217$21
45 years$2,045$1,204$679$370$197$18
46 years$1,978$1,148$638$342$179$15
47 years$1,914$1,096$599$316$163$13
48 years$1,852$1,046$563$292$148$11
49 years$1,794$999$529$270$134$9
50 years$1,738$954$497$250$122$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,780,000, adding $4,682 every year, while hoping to spend $50,800 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: 68/19/13 Blend
66$1,780,000$1,780,000$1,780,000$1,780,000
67$1,966,389$1,872,049$1,844,459$2,094,063
68$2,112,910$1,909,729$1,852,198$2,217,298
69$2,272,674$1,947,552$1,858,493$2,345,544
70$2,446,977$1,985,473$1,863,243$2,484,502
71$2,637,247$2,023,440$1,866,341$2,635,217
72$2,845,057$2,061,399$1,867,673$2,798,841
73$3,072,135$2,099,290$1,867,123$2,976,642
74$3,320,388$2,137,050$1,864,566$3,170,020
75$3,591,911$2,174,609$1,859,873$3,380,514
76$3,889,014$2,211,893$1,852,907$3,609,823
77$4,214,240$2,248,822$1,843,525$3,859,815
78$4,570,388$2,285,309$1,831,579$4,132,552
79$4,960,541$2,321,263$1,816,911$4,430,305
80$5,388,095$2,356,584$1,799,356$4,755,577
81$5,856,789$2,391,165$1,778,743$5,111,126
82$6,370,742$2,424,893$1,754,891$5,499,991
83$6,934,490$2,457,645$1,727,612$5,925,522
84$7,553,029$2,489,291$1,696,709$6,391,411
85$8,231,863$2,519,690$1,661,973$6,901,726
86$8,977,053$2,548,695$1,623,189$7,460,951
87$9,795,276$2,576,146$1,580,130$8,074,028
88$10,693,890$2,601,872$1,532,560$8,746,404
89$11,680,996$2,625,693$1,480,230$9,484,082
90$12,765,521$2,647,416$1,422,881$10,293,677
91$13,957,300$2,666,834$1,360,243$11,182,482
92$15,267,165$2,683,730$1,292,031$12,158,534
93$16,707,052$2,697,869$1,217,951$13,230,691
94$18,290,111$2,709,004$1,137,692$14,408,715
95$20,030,828$2,716,871$1,050,931$15,703,367
96$21,945,165$2,721,191$957,330$17,126,506
97$24,050,708$2,721,664$856,535$18,691,204
98$26,366,830$2,717,976$748,179$20,411,867
99$28,914,879$2,709,789$631,876$22,304,375
100$31,718,377$2,696,749$507,224$24,386,227