Can I retire at age 67 with 1,900,000?

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 $1,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$156,900$155,503$154,139$152,808$151,509$146,191
2 years$77,673$76,227$74,825$73,465$72,147$66,846
3 years$51,268$49,815$48,417$47,070$45,773$40,654
4 years$38,068$36,619$35,235$33,911$32,646$27,749
5 years$30,150$28,710$27,344$26,047$24,817$20,154
6 years$24,873$23,444$22,098$20,830$19,637$15,212
7 years$21,105$19,688$18,363$17,126$15,970$11,783
8 years$18,280$16,876$15,574$14,366$13,249$9,295
9 years$16,085$14,694$13,414$12,237$11,157$7,433
10 years$14,329$12,952$11,694$10,548$9,506$6,005
11 years$12,894$11,530$10,295$9,180$8,176$4,890
12 years$11,698$10,349$9,137$8,052$7,085$4,006
13 years$10,688$9,353$8,163$7,109$6,178$3,299
14 years$9,822$8,501$7,335$6,310$5,416$2,727
15 years$9,073$7,766$6,622$5,628$4,769$2,262
16 years$8,418$7,125$6,004$5,039$4,214$1,881
17 years$7,840$6,562$5,463$4,528$3,737$1,568
18 years$7,328$6,064$4,987$4,080$3,323$1,309
19 years$6,869$5,620$4,566$3,687$2,962$1,095
20 years$6,457$5,222$4,190$3,339$2,645$916
21 years$6,085$4,864$3,854$3,031$2,367$768
22 years$5,747$4,540$3,552$2,755$2,122$644
23 years$5,439$4,247$3,280$2,509$1,905$541
24 years$5,157$3,979$3,033$2,289$1,712$454
25 years$4,898$3,734$2,809$2,090$1,541$382
26 years$4,660$3,509$2,606$1,911$1,388$321
27 years$4,439$3,303$2,420$1,749$1,251$270
28 years$4,235$3,112$2,249$1,603$1,129$227
29 years$4,045$2,936$2,093$1,470$1,019$191
30 years$3,868$2,773$1,950$1,349$921$161
31 years$3,702$2,621$1,818$1,239$833$135
32 years$3,548$2,480$1,696$1,139$753$114
33 years$3,403$2,349$1,583$1,047$682$96
34 years$3,266$2,226$1,479$963$617$81
35 years$3,138$2,111$1,383$887$559$68
36 years$3,018$2,004$1,294$817$507$57
37 years$2,904$1,903$1,211$752$459$48
38 years$2,796$1,809$1,134$694$416$41
39 years$2,694$1,720$1,063$640$377$34
40 years$2,598$1,636$996$590$342$29
41 years$2,506$1,558$934$544$311$24
42 years$2,419$1,484$876$502$282$20
43 years$2,336$1,414$822$464$256$17
44 years$2,257$1,347$772$428$232$14
45 years$2,182$1,285$725$395$211$12
46 years$2,111$1,226$681$365$191$10
47 years$2,043$1,170$639$337$174$9
48 years$1,977$1,117$601$312$158$7
49 years$1,915$1,066$565$288$143$6
50 years$1,855$1,019$531$266$130$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,900,000, adding $2,654 every year, while hoping to spend $44,380 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: 69/13/18 Blend
66$1,900,000$1,900,000$1,900,000$1,900,000
67$2,096,538$1,995,838$1,966,388$2,231,918
68$2,263,164$2,046,414$1,985,042$2,373,121
69$2,445,300$2,097,981$2,002,833$2,522,078
70$2,644,479$2,150,540$2,019,686$2,683,959
71$2,862,391$2,204,092$2,035,522$2,860,035
72$3,100,898$2,258,636$2,050,255$3,051,705
73$3,362,049$2,314,168$2,063,798$3,260,511
74$3,648,101$2,370,685$2,076,057$3,488,150
75$3,961,538$2,428,179$2,086,936$3,736,494
76$4,305,097$2,486,643$2,096,331$4,007,604
77$4,681,794$2,546,065$2,104,134$4,303,749
78$5,094,947$2,606,432$2,110,233$4,627,432
79$5,548,213$2,667,729$2,114,508$4,981,408
80$6,045,620$2,729,937$2,116,833$5,368,716
81$6,591,605$2,793,036$2,117,079$5,792,701
82$7,191,054$2,857,000$2,115,106$6,257,050
83$7,849,351$2,921,802$2,110,772$6,765,827
84$8,572,426$2,987,411$2,103,923$7,323,508
85$9,366,811$3,053,792$2,094,402$7,935,026
86$10,239,703$3,120,905$2,082,042$8,605,817
87$11,199,031$3,188,708$2,066,669$9,341,872
88$12,253,529$3,257,151$2,048,099$10,149,792
89$13,412,820$3,326,183$2,026,141$11,036,852
90$14,687,506$3,395,744$2,000,595$12,011,067
91$16,089,267$3,465,770$1,971,250$13,081,272
92$17,630,972$3,536,193$1,937,887$14,257,202
93$19,326,799$3,606,935$1,900,275$15,549,585
94$21,192,372$3,677,914$1,858,173$16,970,244
95$23,244,901$3,749,039$1,811,329$18,532,207
96$25,503,352$3,820,213$1,759,480$20,249,833
97$27,988,620$3,891,330$1,702,349$22,138,944
98$30,723,730$3,962,275$1,639,648$24,216,980
99$33,734,049$4,032,925$1,571,074$26,503,156
100$37,047,530$4,103,147$1,496,314$29,018,652