Can I retire at age 67 with 1,880,000?

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 $1,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$155,249$153,866$152,517$151,200$149,914$147,430
2 years$76,856$75,424$74,037$72,692$71,388$68,893
3 years$50,728$49,291$47,907$46,575$45,291$42,863
4 years$37,667$36,234$34,864$33,554$32,302$29,959
5 years$29,832$28,408$27,056$25,773$24,556$22,304
6 years$24,611$23,197$21,865$20,611$19,430$17,273
7 years$20,883$19,481$18,170$16,945$15,802$13,739
8 years$18,088$16,699$15,410$14,215$13,109$11,141
9 years$15,915$14,539$13,272$12,108$11,040$9,166
10 years$14,178$12,816$11,571$10,437$9,406$7,624
11 years$12,758$11,409$10,187$9,084$8,090$6,398
12 years$11,575$10,240$9,041$7,967$7,010$5,406
13 years$10,575$9,254$8,077$7,034$6,113$4,594
14 years$9,719$8,412$7,257$6,244$5,359$3,923
15 years$8,977$7,684$6,553$5,569$4,718$3,363
16 years$8,329$7,050$5,941$4,986$4,170$2,892
17 years$7,758$6,493$5,406$4,480$3,697$2,494
18 years$7,250$6,000$4,935$4,037$3,288$2,156
19 years$6,797$5,560$4,518$3,648$2,930$1,867
20 years$6,390$5,167$4,146$3,304$2,617$1,620
21 years$6,021$4,813$3,814$2,999$2,342$1,407
22 years$5,687$4,493$3,515$2,726$2,100$1,224
23 years$5,382$4,202$3,245$2,483$1,885$1,066
24 years$5,103$3,937$3,001$2,265$1,694$929
25 years$4,847$3,695$2,780$2,068$1,524$811
26 years$4,611$3,472$2,578$1,891$1,373$708
27 years$4,392$3,268$2,394$1,731$1,238$618
28 years$4,190$3,079$2,226$1,586$1,117$540
29 years$4,002$2,905$2,071$1,454$1,009$472
30 years$3,827$2,743$1,929$1,335$911$413
31 years$3,663$2,593$1,799$1,226$824$362
32 years$3,510$2,454$1,678$1,127$745$316
33 years$3,367$2,324$1,567$1,036$675$277
34 years$3,232$2,203$1,464$953$611$243
35 years$3,105$2,089$1,369$877$553$213
36 years$2,986$1,983$1,280$808$501$186
37 years$2,873$1,883$1,198$745$454$163
38 years$2,767$1,790$1,122$686$412$143
39 years$2,666$1,702$1,051$633$373$125
40 years$2,570$1,619$985$584$339$110
41 years$2,480$1,541$924$538$307$96
42 years$2,394$1,468$867$497$279$84
43 years$2,312$1,399$813$459$253$74
44 years$2,234$1,333$764$424$230$65
45 years$2,159$1,271$717$391$209$57
46 years$2,089$1,213$673$361$189$50
47 years$2,021$1,157$633$334$172$44
48 years$1,956$1,105$594$308$156$38
49 years$1,895$1,055$559$285$142$34
50 years$1,836$1,008$525$264$129$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,880,000, adding $2,939 every year, while hoping to spend $20,222 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: 34/48/18 Blend
66$1,880,000$1,880,000$1,880,000$1,880,000
67$2,074,792$1,975,152$1,946,012$2,133,733
68$2,264,904$2,050,418$1,989,687$2,252,564
69$2,473,731$2,128,695$2,034,148$2,378,536
70$2,703,158$2,210,108$2,079,399$2,513,954
71$2,955,266$2,294,789$2,125,444$2,659,665
72$3,232,346$2,382,876$2,172,289$2,816,596
73$3,536,920$2,474,512$2,219,936$2,985,768
74$3,871,769$2,569,846$2,268,387$3,168,296
75$4,239,957$2,669,035$2,317,645$3,365,408
76$4,644,857$2,772,243$2,367,711$3,578,451
77$5,090,189$2,879,639$2,418,585$3,808,904
78$5,580,048$2,991,402$2,470,268$4,058,392
79$6,118,949$3,107,717$2,522,759$4,328,698
80$6,711,865$3,228,778$2,576,054$4,621,784
81$7,364,275$3,354,788$2,630,151$4,939,804
82$8,082,216$3,485,957$2,685,046$5,285,127
83$8,872,341$3,622,508$2,740,734$5,660,353
84$9,741,980$3,764,671$2,797,209$6,068,347
85$10,699,208$3,912,686$2,854,462$6,512,252
86$11,752,925$4,066,806$2,912,484$6,995,529
87$12,912,938$4,227,293$2,971,266$7,521,982
88$14,190,049$4,394,422$3,030,796$8,095,796
89$15,596,166$4,568,481$3,091,059$8,721,573
90$17,144,407$4,749,768$3,152,041$9,404,378
91$18,849,227$4,938,598$3,213,725$10,149,781
92$20,726,556$5,135,297$3,276,093$10,963,911
93$22,793,945$5,340,207$3,339,123$11,853,514
94$25,070,737$5,553,687$3,402,793$12,826,013
95$27,578,244$5,776,109$3,467,078$13,889,576
96$30,339,950$6,007,864$3,531,951$15,053,194
97$33,381,736$6,249,359$3,597,381$16,326,764
98$36,732,117$6,501,022$3,663,338$17,721,179
99$40,422,519$6,763,298$3,729,786$19,248,432
100$44,487,569$7,036,653$3,796,687$20,921,724