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

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 $1,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$156,900$155,503$154,139$152,808$151,509$149,492
2 years$77,673$76,227$74,825$73,465$72,147$70,118
3 years$51,268$49,815$48,417$47,070$45,773$43,795
4 years$38,068$36,619$35,235$33,911$32,646$30,734
5 years$30,150$28,710$27,344$26,047$24,817$22,977
6 years$24,873$23,444$22,098$20,830$19,637$17,871
7 years$21,105$19,688$18,363$17,126$15,970$14,279
8 years$18,280$16,876$15,574$14,366$13,249$11,633
9 years$16,085$14,694$13,414$12,237$11,157$9,615
10 years$14,329$12,952$11,694$10,548$9,506$8,037
11 years$12,894$11,530$10,295$9,180$8,176$6,778
12 years$11,698$10,349$9,137$8,052$7,085$5,757
13 years$10,688$9,353$8,163$7,109$6,178$4,919
14 years$9,822$8,501$7,335$6,310$5,416$4,222
15 years$9,073$7,766$6,622$5,628$4,769$3,639
16 years$8,418$7,125$6,004$5,039$4,214$3,147
17 years$7,840$6,562$5,463$4,528$3,737$2,729
18 years$7,328$6,064$4,987$4,080$3,323$2,373
19 years$6,869$5,620$4,566$3,687$2,962$2,067
20 years$6,457$5,222$4,190$3,339$2,645$1,804
21 years$6,085$4,864$3,854$3,031$2,367$1,577
22 years$5,747$4,540$3,552$2,755$2,122$1,380
23 years$5,439$4,247$3,280$2,509$1,905$1,209
24 years$5,157$3,979$3,033$2,289$1,712$1,061
25 years$4,898$3,734$2,809$2,090$1,541$931
26 years$4,660$3,509$2,606$1,911$1,388$818
27 years$4,439$3,303$2,420$1,749$1,251$719
28 years$4,235$3,112$2,249$1,603$1,129$633
29 years$4,045$2,936$2,093$1,470$1,019$557
30 years$3,868$2,773$1,950$1,349$921$490
31 years$3,702$2,621$1,818$1,239$833$432
32 years$3,548$2,480$1,696$1,139$753$381
33 years$3,403$2,349$1,583$1,047$682$335
34 years$3,266$2,226$1,479$963$617$296
35 years$3,138$2,111$1,383$887$559$261
36 years$3,018$2,004$1,294$817$507$230
37 years$2,904$1,903$1,211$752$459$203
38 years$2,796$1,809$1,134$694$416$179
39 years$2,694$1,720$1,063$640$377$158
40 years$2,598$1,636$996$590$342$139
41 years$2,506$1,558$934$544$311$123
42 years$2,419$1,484$876$502$282$109
43 years$2,336$1,414$822$464$256$96
44 years$2,257$1,347$772$428$232$85
45 years$2,182$1,285$725$395$211$75
46 years$2,111$1,226$681$365$191$66
47 years$2,043$1,170$639$337$174$58
48 years$1,977$1,117$601$312$158$51
49 years$1,915$1,066$565$288$143$45
50 years$1,855$1,019$531$266$130$40

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 $3,471 every year, while hoping to spend $26,921 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: 66/13/21 Blend
66$1,900,000$1,900,000$1,900,000$1,900,000
67$2,097,380$1,996,680$1,967,230$2,224,423
68$2,282,669$2,065,874$2,004,489$2,379,311
69$2,485,956$2,137,556$2,042,093$2,545,175
70$2,709,046$2,211,819$2,080,027$2,725,868
71$2,953,932$2,288,762$2,118,271$2,922,849
72$3,222,807$2,368,484$2,156,806$3,137,722
73$3,518,084$2,451,091$2,195,610$3,372,253
74$3,842,427$2,536,693$2,234,661$3,628,388
75$4,198,766$2,625,402$2,273,934$3,908,268
76$4,590,330$2,717,337$2,313,400$4,214,254
77$5,020,677$2,812,620$2,353,033$4,548,943
78$5,493,727$2,911,379$2,392,801$4,915,197
79$6,013,798$3,013,747$2,432,670$5,316,167
80$6,585,647$3,119,862$2,472,606$5,755,325
81$7,214,515$3,229,868$2,512,570$6,236,494
82$7,906,178$3,343,913$2,552,524$6,763,887
83$8,666,997$3,462,154$2,592,422$7,342,142
84$9,503,983$3,584,752$2,632,221$7,976,371
85$10,424,860$3,711,876$2,671,871$8,672,204
86$11,438,137$3,843,699$2,711,320$9,435,843
87$12,553,192$3,980,405$2,750,514$10,274,121
88$13,780,356$4,122,184$2,789,395$11,194,566
89$15,131,013$4,269,231$2,827,900$12,205,471
90$16,617,706$4,421,754$2,865,965$13,315,974
91$18,254,257$4,579,964$2,903,520$14,536,140
92$20,055,895$4,744,086$2,940,491$15,877,061
93$22,039,400$4,914,351$2,976,802$17,350,958
94$24,223,264$5,090,999$3,012,370$18,971,293
95$26,627,862$5,274,282$3,047,109$20,752,901
96$29,275,643$5,464,462$3,080,926$22,712,129
97$32,191,348$5,661,810$3,113,727$24,866,984
98$35,402,237$5,866,610$3,145,408$27,237,312
99$38,938,349$6,079,158$3,175,863$29,844,976
100$42,832,785$6,299,761$3,204,979$32,714,070