Can I retire at age 67 with 1,950,000?

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 $1,950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$161,029$159,595$158,195$156,829$155,496$151,860
2 years$79,717$78,233$76,794$75,399$74,046$70,403
3 years$52,617$51,126$49,691$48,309$46,978$43,443
4 years$39,070$37,583$36,162$34,804$33,505$30,104
5 years$30,943$29,466$28,063$26,733$25,470$22,213
6 years$25,527$24,061$22,679$21,378$20,153$17,044
7 years$21,660$20,206$18,847$17,576$16,390$13,429
8 years$18,761$17,320$15,983$14,744$13,597$10,782
9 years$16,508$15,081$13,767$12,559$11,451$8,780
10 years$14,706$13,293$12,002$10,826$9,757$7,228
11 years$13,233$11,834$10,566$9,422$8,391$6,000
12 years$12,006$10,621$9,377$8,264$7,271$5,015
13 years$10,969$9,599$8,378$7,296$6,341$4,214
14 years$10,081$8,725$7,528$6,477$5,558$3,557
15 years$9,312$7,970$6,797$5,776$4,894$3,013
16 years$8,639$7,313$6,162$5,172$4,325$2,560
17 years$8,047$6,735$5,607$4,647$3,835$2,181
18 years$7,520$6,223$5,119$4,188$3,410$1,862
19 years$7,050$5,768$4,686$3,784$3,039$1,593
20 years$6,627$5,359$4,300$3,427$2,715$1,364
21 years$6,245$4,992$3,956$3,110$2,430$1,170
22 years$5,899$4,660$3,646$2,828$2,178$1,004
23 years$5,583$4,358$3,366$2,575$1,955$863
24 years$5,293$4,084$3,113$2,349$1,757$742
25 years$5,027$3,832$2,883$2,145$1,581$639
26 years$4,782$3,602$2,674$1,961$1,424$550
27 years$4,556$3,390$2,483$1,795$1,284$474
28 years$4,346$3,194$2,308$1,645$1,159$409
29 years$4,151$3,013$2,148$1,508$1,046$352
30 years$3,969$2,846$2,001$1,384$945$304
31 years$3,800$2,690$1,865$1,271$855$262
32 years$3,641$2,545$1,741$1,169$773$226
33 years$3,492$2,410$1,625$1,075$700$195
34 years$3,352$2,285$1,518$989$633$169
35 years$3,221$2,167$1,420$910$574$146
36 years$3,097$2,057$1,328$838$520$126
37 years$2,980$1,953$1,243$772$471$109
38 years$2,870$1,856$1,164$712$427$94
39 years$2,765$1,765$1,091$656$387$81
40 years$2,666$1,679$1,022$605$351$70
41 years$2,572$1,599$958$559$319$61
42 years$2,483$1,523$899$515$289$52
43 years$2,398$1,451$844$476$262$45
44 years$2,317$1,383$792$439$238$39
45 years$2,240$1,319$744$406$216$34
46 years$2,166$1,258$698$375$196$29
47 years$2,096$1,200$656$346$178$25
48 years$2,029$1,146$617$320$162$22
49 years$1,965$1,094$580$296$147$19
50 years$1,904$1,045$545$273$134$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,950,000, adding $5,320 every year, while hoping to spend $58,583 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: 74/19/7 Blend
66$1,950,000$1,950,000$1,950,000$1,950,000
67$2,154,388$2,051,038$2,020,813$2,311,370
68$2,311,803$2,089,207$2,026,178$2,453,644
69$2,483,312$2,127,282$2,029,760$2,601,525
70$2,670,289$2,165,199$2,031,436$2,761,856
71$2,874,249$2,202,884$2,031,079$2,935,848
72$3,096,858$2,240,260$2,028,556$3,124,836
73$3,339,950$2,277,246$2,023,725$3,330,289
74$3,605,544$2,313,750$2,016,440$3,553,824
75$3,895,865$2,349,679$2,006,545$3,797,226
76$4,213,358$2,384,929$1,993,880$4,062,457
77$4,560,719$2,419,389$1,978,273$4,351,682
78$4,940,916$2,452,942$1,959,549$4,667,284
79$5,357,215$2,485,462$1,937,520$5,011,889
80$5,813,215$2,516,814$1,911,991$5,388,390
81$6,312,879$2,546,853$1,882,758$5,799,976
82$6,860,569$2,575,426$1,849,607$6,250,159
83$7,461,093$2,602,368$1,812,315$6,742,811
84$8,119,744$2,627,503$1,770,647$7,282,195
85$8,842,352$2,650,645$1,724,358$7,873,012
86$9,635,340$2,671,594$1,673,191$8,520,442
87$10,505,781$2,690,139$1,616,880$9,230,190
88$11,461,468$2,706,053$1,555,142$10,008,547
89$12,510,984$2,719,095$1,487,686$10,862,444
90$13,663,784$2,729,011$1,414,203$11,799,518
91$14,930,286$2,735,528$1,334,374$12,828,187
92$16,321,963$2,738,358$1,247,865$13,957,727
93$17,851,459$2,737,193$1,154,323$15,198,361
94$19,532,700$2,731,707$1,053,385$16,561,355
95$21,381,030$2,721,555$944,668$18,059,125
96$23,413,353$2,706,370$827,773$19,705,356
97$25,648,294$2,685,761$702,282$21,515,128
98$28,106,373$2,659,316$567,761$23,505,059
99$30,810,197$2,626,597$423,756$25,693,469
100$33,784,676$2,587,139$269,790$28,100,541