Can I retire at age 67 with 1,830,000?

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 $1,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$151,120$149,774$148,460$147,178$145,927$140,581
2 years$74,812$73,418$72,068$70,759$69,489$64,163
3 years$49,379$47,980$46,633$45,336$44,087$38,948
4 years$36,665$35,270$33,937$32,662$31,443$26,530
5 years$29,039$27,652$26,336$25,088$23,902$19,229
6 years$23,956$22,580$21,284$20,063$18,913$14,482
7 years$20,327$18,963$17,687$16,495$15,381$11,191
8 years$17,607$16,255$15,000$13,837$12,760$8,808
9 years$15,492$14,153$12,919$11,786$10,746$7,026
10 years$13,801$12,475$11,263$10,160$9,156$5,662
11 years$12,419$11,106$9,916$8,842$7,875$4,598
12 years$11,267$9,968$8,800$7,756$6,824$3,758
13 years$10,294$9,008$7,862$6,847$5,951$3,086
14 years$9,460$8,188$7,064$6,078$5,216$2,544
15 years$8,739$7,480$6,378$5,421$4,593$2,104
16 years$8,108$6,863$5,783$4,853$4,059$1,745
17 years$7,551$6,320$5,262$4,361$3,599$1,450
18 years$7,058$5,840$4,804$3,930$3,200$1,207
19 years$6,616$5,413$4,398$3,551$2,852$1,006
20 years$6,220$5,030$4,036$3,216$2,548$840
21 years$5,861$4,685$3,712$2,919$2,280$701
22 years$5,536$4,373$3,421$2,654$2,044$587
23 years$5,239$4,090$3,159$2,417$1,835$491
24 years$4,967$3,832$2,922$2,204$1,649$411
25 years$4,718$3,596$2,706$2,013$1,484$344
26 years$4,488$3,380$2,510$1,841$1,337$288
27 years$4,276$3,181$2,330$1,685$1,205$242
28 years$4,079$2,997$2,166$1,544$1,087$203
29 years$3,896$2,828$2,016$1,416$982$170
30 years$3,725$2,670$1,878$1,299$887$143
31 years$3,566$2,524$1,751$1,193$802$120
32 years$3,417$2,389$1,633$1,097$726$100
33 years$3,277$2,262$1,525$1,008$657$84
34 years$3,146$2,144$1,425$928$594$71
35 years$3,023$2,034$1,332$854$538$59
36 years$2,906$1,930$1,246$787$488$50
37 years$2,797$1,833$1,167$725$442$42
38 years$2,693$1,742$1,092$668$401$35
39 years$2,595$1,657$1,023$616$364$29
40 years$2,502$1,576$959$568$330$25
41 years$2,414$1,500$899$524$299$21
42 years$2,330$1,429$844$484$271$17
43 years$2,250$1,361$792$447$246$15
44 years$2,174$1,298$743$412$224$12
45 years$2,102$1,237$698$381$203$10
46 years$2,033$1,181$655$352$184$9
47 years$1,967$1,127$616$325$167$7
48 years$1,904$1,075$579$300$152$6
49 years$1,844$1,027$544$278$138$5
50 years$1,787$981$511$257$125$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,830,000, adding $3,289 every year, while hoping to spend $24,571 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: 26/44/30 Blend
66$1,830,000$1,830,000$1,830,000$1,830,000
67$2,020,053$1,923,063$1,894,698$2,053,648
68$2,199,955$1,991,149$1,932,027$2,149,910
69$2,397,383$2,061,749$1,969,783$2,250,818
70$2,614,100$2,134,958$2,007,954$2,358,586
71$2,852,046$2,210,879$2,046,528$2,473,815
72$3,113,358$2,289,615$2,085,490$2,597,161
73$3,400,392$2,371,278$2,124,826$2,729,344
74$3,715,741$2,455,980$2,164,517$2,871,155
75$4,062,265$2,543,841$2,204,546$3,023,463
76$4,443,110$2,634,984$2,244,893$3,187,220
77$4,861,747$2,729,537$2,285,536$3,363,472
78$5,321,995$2,827,635$2,326,452$3,553,370
79$5,828,066$2,929,416$2,367,616$3,758,176
80$6,384,598$3,035,027$2,409,000$3,979,277
81$6,996,702$3,144,618$2,450,576$4,218,200
82$7,670,007$3,258,346$2,492,312$4,476,620
83$8,410,719$3,376,375$2,534,175$4,756,380
84$9,225,671$3,498,877$2,576,129$5,059,506
85$10,122,396$3,626,029$2,618,136$5,388,227
86$11,109,192$3,758,016$2,660,155$5,744,992
87$12,195,202$3,895,031$2,702,143$6,132,499
88$13,390,500$4,037,275$2,744,052$6,553,710
89$14,706,188$4,184,958$2,785,834$7,011,889
90$16,154,496$4,338,298$2,827,437$7,510,624
91$17,748,902$4,497,522$2,868,803$8,053,866
92$19,504,257$4,662,868$2,909,875$8,645,959
93$21,436,925$4,834,582$2,950,590$9,291,687
94$23,564,937$5,012,921$2,990,880$9,996,316
95$25,908,161$5,198,155$3,030,675$10,765,639
96$28,488,492$5,390,563$3,069,901$11,606,036
97$31,330,054$5,590,437$3,108,479$12,524,528
98$34,459,431$5,798,080$3,146,324$13,528,849
99$37,905,916$6,013,809$3,183,349$14,627,509
100$41,701,789$6,237,955$3,219,461$15,829,881