Can I retire at age 67 with 1,870,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$154,423$153,047$151,705$150,395$149,116$144,691
2 years$76,447$75,023$73,643$72,306$71,008$66,586
3 years$50,458$49,028$47,652$46,327$45,050$40,770
4 years$37,467$36,041$34,679$33,376$32,130$28,025
5 years$29,674$28,257$26,912$25,636$24,425$20,506
6 years$24,480$23,074$21,749$20,501$19,327$15,597
7 years$20,772$19,377$18,073$16,855$15,718$12,178
8 years$17,992$16,610$15,328$14,139$13,039$9,687
9 years$15,831$14,462$13,202$12,044$10,981$7,812
10 years$14,103$12,747$11,510$10,382$9,356$6,367
11 years$12,690$11,348$10,133$9,035$8,047$5,232
12 years$11,514$10,186$8,993$7,925$6,973$4,327
13 years$10,519$9,205$8,034$6,997$6,081$3,597
14 years$9,667$8,367$7,219$6,211$5,330$3,003
15 years$8,930$7,643$6,518$5,539$4,693$2,515
16 years$8,285$7,013$5,909$4,960$4,148$2,113
17 years$7,716$6,458$5,377$4,456$3,678$1,779
18 years$7,212$5,968$4,909$4,016$3,270$1,501
19 years$6,761$5,531$4,494$3,629$2,915$1,269
20 years$6,356$5,140$4,124$3,286$2,604$1,073
21 years$5,989$4,787$3,793$2,983$2,330$909
22 years$5,657$4,469$3,496$2,712$2,088$771
23 years$5,354$4,180$3,228$2,470$1,875$654
24 years$5,076$3,916$2,985$2,253$1,685$556
25 years$4,821$3,675$2,765$2,057$1,516$472
26 years$4,586$3,454$2,564$1,881$1,366$401
27 years$4,369$3,251$2,381$1,722$1,231$341
28 years$4,168$3,063$2,214$1,577$1,111$291
29 years$3,981$2,890$2,060$1,447$1,003$247
30 years$3,807$2,729$1,919$1,328$907$210
31 years$3,644$2,580$1,789$1,219$820$179
32 years$3,492$2,441$1,669$1,121$741$153
33 years$3,349$2,312$1,558$1,030$671$130
34 years$3,215$2,191$1,456$948$607$111
35 years$3,089$2,078$1,361$873$550$94
36 years$2,970$1,972$1,274$804$499$80
37 years$2,858$1,873$1,192$741$452$68
38 years$2,752$1,780$1,116$683$410$58
39 years$2,652$1,693$1,046$629$371$50
40 years$2,557$1,611$980$581$337$42
41 years$2,466$1,533$919$536$306$36
42 years$2,381$1,460$862$494$277$31
43 years$2,299$1,391$809$456$252$26
44 years$2,222$1,326$759$421$228$22
45 years$2,148$1,265$713$389$207$19
46 years$2,078$1,206$670$359$188$16
47 years$2,010$1,151$629$332$171$14
48 years$1,946$1,099$591$307$155$12
49 years$1,885$1,049$556$284$141$10
50 years$1,826$1,002$523$262$128$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,870,000, adding $4,575 every year, while hoping to spend $20,295 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: 72/12/16 Blend
66$1,870,000$1,870,000$1,870,000$1,870,000
67$2,065,459$1,966,349$1,937,364$2,206,305
68$2,254,542$2,041,106$1,980,672$2,375,131
69$2,462,232$2,118,847$2,024,751$2,557,052
70$2,690,404$2,199,695$2,069,604$2,755,747
71$2,941,126$2,283,780$2,115,237$2,972,871
72$3,216,675$2,371,240$2,161,651$3,210,251
73$3,519,560$2,462,215$2,208,851$3,469,894
74$3,852,544$2,556,853$2,256,837$3,754,013
75$4,218,674$2,655,310$2,305,612$4,065,043
76$4,621,305$2,757,745$2,355,175$4,405,668
77$5,064,131$2,864,328$2,405,527$4,778,841
78$5,551,227$2,975,235$2,456,667$5,187,816
79$6,087,079$3,090,648$2,508,592$5,636,176
80$6,676,632$3,210,760$2,561,300$6,127,867
81$7,325,331$3,335,771$2,614,787$6,667,235
82$8,039,180$3,465,889$2,669,047$7,259,070
83$8,824,792$3,601,332$2,724,076$7,908,644
84$9,689,453$3,742,330$2,779,864$8,621,766
85$10,641,192$3,889,119$2,836,405$9,404,836
86$11,688,856$4,041,948$2,893,687$10,264,902
87$12,842,193$4,201,077$2,951,699$11,209,730
88$14,111,944$4,366,778$3,010,428$12,247,876
89$15,509,945$4,539,332$3,069,861$13,388,761
90$17,049,238$4,719,038$3,129,979$14,642,771
91$18,744,192$4,906,203$3,190,766$16,021,341
92$20,610,644$5,101,151$3,252,200$17,537,076
93$22,666,042$5,304,220$3,314,262$19,203,857
94$24,929,614$5,515,762$3,376,925$21,036,981
95$27,422,547$5,736,146$3,440,164$23,053,301
96$30,168,187$5,965,758$3,503,950$25,271,386
97$33,192,261$6,205,000$3,568,251$27,711,694
98$36,523,119$6,454,292$3,633,035$30,396,765
99$40,192,000$6,714,075$3,698,265$33,351,436
100$44,233,328$6,984,809$3,763,900$36,603,071