Can I retire at age 67 with 1,910,000?

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 $1,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$157,726$156,321$154,950$153,612$152,306$146,379
2 years$78,082$76,628$75,219$73,852$72,527$66,627
3 years$51,538$50,077$48,671$47,318$46,014$40,327
4 years$38,268$36,812$35,420$34,090$32,818$27,387
5 years$30,308$28,861$27,488$26,184$24,947$19,787
6 years$25,004$23,567$22,214$20,940$19,740$14,853
7 years$21,216$19,792$18,460$17,216$16,054$11,439
8 years$18,377$16,965$15,656$14,442$13,318$8,971
9 years$16,169$14,771$13,484$12,301$11,216$7,129
10 years$14,405$13,020$11,756$10,604$9,557$5,723
11 years$12,962$11,591$10,350$9,228$8,219$4,630
12 years$11,760$10,404$9,185$8,095$7,122$3,768
13 years$10,744$9,402$8,206$7,146$6,211$3,082
14 years$9,874$8,546$7,373$6,344$5,444$2,530
15 years$9,121$7,807$6,657$5,657$4,794$2,084
16 years$8,462$7,163$6,036$5,066$4,237$1,720
17 years$7,882$6,597$5,492$4,551$3,756$1,423
18 years$7,366$6,095$5,014$4,102$3,340$1,179
19 years$6,906$5,649$4,590$3,706$2,977$979
20 years$6,491$5,250$4,212$3,357$2,659$813
21 years$6,117$4,890$3,874$3,046$2,380$676
22 years$5,778$4,564$3,571$2,770$2,133$563
23 years$5,468$4,269$3,297$2,523$1,915$469
24 years$5,185$4,000$3,049$2,301$1,721$390
25 years$4,924$3,754$2,824$2,101$1,549$325
26 years$4,684$3,528$2,619$1,921$1,395$271
27 years$4,463$3,320$2,432$1,759$1,258$226
28 years$4,257$3,128$2,261$1,611$1,135$189
29 years$4,066$2,951$2,104$1,478$1,025$158
30 years$3,888$2,787$1,960$1,356$926$132
31 years$3,722$2,635$1,827$1,245$837$110
32 years$3,566$2,493$1,705$1,145$757$92
33 years$3,421$2,361$1,592$1,052$685$77
34 years$3,284$2,238$1,487$968$620$64
35 years$3,155$2,122$1,391$891$562$53
36 years$3,034$2,014$1,301$821$509$45
37 years$2,919$1,913$1,218$756$461$37
38 years$2,811$1,818$1,140$697$418$31
39 years$2,708$1,729$1,068$643$379$26
40 years$2,611$1,645$1,001$593$344$22
41 years$2,519$1,566$939$547$312$18
42 years$2,432$1,491$881$505$283$15
43 years$2,349$1,421$826$466$257$13
44 years$2,269$1,354$776$430$233$11
45 years$2,194$1,292$728$397$212$9
46 years$2,122$1,232$684$367$192$7
47 years$2,053$1,176$643$339$175$6
48 years$1,988$1,122$604$313$159$5
49 years$1,925$1,072$568$290$144$4
50 years$1,865$1,024$534$268$131$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,910,000, adding $5,061 every year, while hoping to spend $26,042 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: 59/33/8 Blend
66$1,910,000$1,910,000$1,910,000$1,910,000
67$2,110,040$2,008,810$1,979,205$2,230,524
68$2,297,556$2,079,534$2,017,800$2,382,719
69$2,503,325$2,152,849$2,056,815$2,545,180
70$2,729,183$2,228,858$2,096,237$2,721,671
71$2,977,149$2,307,661$2,136,051$2,913,538
72$3,249,450$2,389,368$2,176,240$3,122,266
73$3,548,538$2,474,091$2,216,788$3,349,486
74$3,877,113$2,561,946$2,257,675$3,596,993
75$4,238,152$2,653,055$2,298,880$3,866,762
76$4,634,932$2,747,543$2,340,381$4,160,966
77$5,071,066$2,845,543$2,382,154$4,481,998
78$5,550,531$2,947,190$2,424,172$4,832,490
79$6,077,711$3,052,629$2,466,408$5,215,337
80$6,657,436$3,162,006$2,508,831$5,633,730
81$7,295,026$3,275,476$2,551,409$6,091,179
82$7,996,344$3,393,201$2,594,107$6,591,549
83$8,767,850$3,515,346$2,636,888$7,139,093
84$9,616,659$3,642,086$2,679,713$7,738,496
85$10,550,613$3,773,603$2,722,538$8,394,916
86$11,578,352$3,910,086$2,765,319$9,114,031
87$12,709,395$4,051,731$2,808,008$9,902,096
88$13,954,231$4,198,744$2,850,554$10,765,996
89$15,324,417$4,351,336$2,892,902$11,713,317
90$16,832,688$4,509,732$2,934,994$12,752,409
91$18,493,075$4,674,163$2,976,770$13,892,471
92$20,321,041$4,844,869$3,018,164$15,143,635
93$22,333,623$5,022,103$3,059,108$16,517,058
94$24,549,592$5,206,126$3,099,528$18,025,032
95$26,989,635$5,397,211$3,139,347$19,681,094
96$29,676,547$5,595,643$3,178,484$21,500,156
97$32,635,443$5,801,718$3,216,851$23,498,645
98$35,894,001$6,015,745$3,254,359$25,694,655
99$39,482,719$6,238,046$3,290,910$28,108,118
100$43,435,203$6,468,957$3,326,402$30,760,994