Can I retire at age 67 with 1,930,000?

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 $1,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$159,378$157,958$156,573$155,221$153,901$149,876
2 years$78,900$77,430$76,006$74,625$73,286$69,259
3 years$52,077$50,602$49,181$47,813$46,496$42,592
4 years$38,669$37,198$35,791$34,447$33,161$29,411
5 years$30,626$29,163$27,775$26,458$25,209$21,622
6 years$25,265$23,814$22,447$21,159$19,947$16,527
7 years$21,438$19,999$18,653$17,396$16,222$12,970
8 years$18,569$17,143$15,819$14,593$13,458$10,371
9 years$16,339$14,926$13,625$12,430$11,333$8,410
10 years$14,555$13,156$11,879$10,715$9,657$6,893
11 years$13,097$11,712$10,458$9,325$8,305$5,697
12 years$11,883$10,512$9,281$8,179$7,197$4,739
13 years$10,857$9,500$8,292$7,221$6,276$3,964
14 years$9,977$8,635$7,451$6,410$5,501$3,330
15 years$9,216$7,889$6,727$5,717$4,844$2,807
16 years$8,551$7,238$6,099$5,119$4,281$2,373
17 years$7,964$6,666$5,550$4,599$3,796$2,012
18 years$7,443$6,159$5,066$4,145$3,375$1,708
19 years$6,978$5,708$4,638$3,745$3,008$1,454
20 years$6,559$5,305$4,256$3,392$2,687$1,238
21 years$6,181$4,941$3,915$3,078$2,405$1,056
22 years$5,838$4,612$3,608$2,799$2,155$902
23 years$5,525$4,314$3,332$2,549$1,935$771
24 years$5,239$4,042$3,081$2,325$1,739$659
25 years$4,976$3,793$2,854$2,123$1,565$564
26 years$4,733$3,565$2,647$1,941$1,410$483
27 years$4,509$3,355$2,458$1,777$1,271$414
28 years$4,302$3,161$2,285$1,628$1,147$355
29 years$4,108$2,982$2,126$1,493$1,035$304
30 years$3,929$2,816$1,980$1,370$936$261
31 years$3,761$2,662$1,846$1,258$846$224
32 years$3,604$2,519$1,723$1,157$765$192
33 years$3,456$2,386$1,608$1,064$692$165
34 years$3,318$2,261$1,503$979$627$141
35 years$3,188$2,145$1,405$901$568$121
36 years$3,065$2,036$1,314$830$515$104
37 years$2,950$1,933$1,230$764$466$90
38 years$2,840$1,837$1,152$705$423$77
39 years$2,737$1,747$1,079$650$383$66
40 years$2,639$1,662$1,012$599$348$57
41 years$2,546$1,582$949$553$315$49
42 years$2,457$1,507$890$510$286$42
43 years$2,373$1,436$835$471$260$36
44 years$2,293$1,369$784$435$236$31
45 years$2,217$1,305$736$402$214$26
46 years$2,144$1,245$691$371$194$23
47 years$2,075$1,188$649$343$176$20
48 years$2,008$1,134$610$317$160$17
49 years$1,945$1,083$574$293$146$14
50 years$1,884$1,035$539$271$132$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,930,000, adding $3,584 every year, while hoping to spend $30,345 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: 41/43/16 Blend
66$1,930,000$1,930,000$1,930,000$1,930,000
67$2,130,557$2,028,267$1,998,352$2,207,714
68$2,315,587$2,095,365$2,033,010$2,329,767
69$2,518,473$2,164,734$2,067,812$2,458,549
70$2,741,004$2,236,453$2,102,731$2,597,290
71$2,985,151$2,310,604$2,137,737$2,746,910
72$3,253,086$2,387,273$2,172,800$2,908,425
73$3,547,198$2,466,546$2,207,886$3,082,949
74$3,870,122$2,548,517$2,242,960$3,271,708
75$4,224,759$2,633,279$2,277,984$3,476,049
76$4,614,305$2,720,931$2,312,917$3,697,454
77$5,042,282$2,811,574$2,347,718$3,937,552
78$5,512,568$2,905,314$2,382,339$4,198,137
79$6,029,436$3,002,261$2,416,734$4,481,180
80$6,597,594$3,102,527$2,450,850$4,788,852
81$7,222,229$3,206,231$2,484,634$5,123,539
82$7,909,054$3,313,495$2,518,027$5,487,870
83$8,664,366$3,424,444$2,550,969$5,884,735
84$9,495,100$3,539,210$2,583,395$6,317,317
85$10,408,898$3,657,930$2,615,237$6,789,120
86$11,414,181$3,780,743$2,646,422$7,303,998
87$12,520,225$3,907,797$2,676,875$7,866,198
88$13,737,252$4,039,243$2,706,515$8,480,393
89$15,076,524$4,175,239$2,735,256$9,151,729
90$16,550,452$4,315,948$2,763,009$9,885,871
91$18,172,709$4,461,540$2,789,680$10,689,059
92$19,958,360$4,612,190$2,815,169$11,568,162
93$21,924,006$4,768,081$2,839,371$12,530,746
94$24,087,940$4,929,403$2,862,176$13,585,144
95$26,470,318$5,096,351$2,883,466$14,740,531
96$29,093,348$5,269,130$2,903,120$16,007,014
97$31,981,504$5,447,952$2,921,009$17,395,725
98$35,161,751$5,633,036$2,936,997$18,918,925
99$38,663,805$5,824,610$2,950,942$20,590,118
100$42,520,409$6,022,911$2,962,694$22,424,182