Can I retire at age 67 with 1,960,000?

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 $1,960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$161,855$160,413$159,007$157,634$156,293$153,137
2 years$80,126$78,634$77,188$75,785$74,425$71,260
3 years$52,887$51,388$49,946$48,556$47,218$44,142
4 years$39,270$37,776$36,348$34,982$33,677$30,713
5 years$31,102$29,617$28,207$26,870$25,600$22,758
6 years$25,658$24,184$22,796$21,488$20,257$17,538
7 years$21,771$20,310$18,943$17,666$16,474$13,880
8 years$18,858$17,409$16,065$14,820$13,667$11,197
9 years$16,593$15,158$13,837$12,623$11,510$9,162
10 years$14,782$13,361$12,064$10,881$9,807$7,579
11 years$13,301$11,894$10,621$9,470$8,434$6,324
12 years$12,068$10,676$9,425$8,307$7,309$5,313
13 years$11,025$9,648$8,421$7,333$6,373$4,488
14 years$10,132$8,770$7,566$6,510$5,587$3,809
15 years$9,359$8,011$6,831$5,806$4,919$3,245
16 years$8,684$7,350$6,194$5,198$4,348$2,773
17 years$8,088$6,769$5,636$4,671$3,855$2,376
18 years$7,559$6,255$5,145$4,209$3,428$2,040
19 years$7,086$5,797$4,710$3,803$3,055$1,755
20 years$6,661$5,387$4,323$3,445$2,729$1,513
21 years$6,278$5,018$3,976$3,126$2,442$1,305
22 years$5,929$4,684$3,664$2,842$2,189$1,128
23 years$5,611$4,381$3,383$2,589$1,965$975
24 years$5,320$4,104$3,129$2,361$1,766$844
25 years$5,053$3,852$2,898$2,156$1,589$731
26 years$4,807$3,620$2,688$1,972$1,431$634
27 years$4,579$3,407$2,496$1,805$1,291$549
28 years$4,368$3,210$2,320$1,653$1,165$477
29 years$4,172$3,029$2,159$1,516$1,052$414
30 years$3,990$2,860$2,011$1,392$950$359
31 years$3,819$2,704$1,875$1,278$859$312
32 years$3,660$2,558$1,749$1,174$777$271
33 years$3,510$2,423$1,633$1,080$703$236
34 years$3,370$2,296$1,526$994$637$205
35 years$3,237$2,178$1,427$915$577$178
36 years$3,113$2,067$1,335$843$522$155
37 years$2,995$1,963$1,249$776$474$135
38 years$2,884$1,866$1,170$715$429$117
39 years$2,779$1,774$1,096$660$389$102
40 years$2,680$1,688$1,027$608$353$89
41 years$2,585$1,607$963$561$320$77
42 years$2,495$1,530$904$518$291$67
43 years$2,410$1,458$848$478$264$58
44 years$2,329$1,390$796$442$239$51
45 years$2,251$1,325$747$408$217$44
46 years$2,178$1,264$702$377$197$38
47 years$2,107$1,207$660$348$179$33
48 years$2,040$1,152$620$322$163$29
49 years$1,975$1,100$583$297$148$25
50 years$1,914$1,051$548$275$134$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,960,000, adding $4,191 every year, while hoping to spend $40,910 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: 67/18/15 Blend
66$1,960,000$1,960,000$1,960,000$1,960,000
67$2,164,243$2,060,363$2,029,983$2,301,328
68$2,341,468$2,117,793$2,054,460$2,450,751
69$2,535,399$2,176,666$2,078,385$2,608,876
70$2,747,696$2,237,009$2,101,697$2,780,748
71$2,980,189$2,298,850$2,124,332$2,967,712
72$3,234,891$2,362,217$2,146,220$3,171,251
73$3,514,020$2,427,136$2,167,289$3,392,995
74$3,820,020$2,493,635$2,187,463$3,634,742
75$4,155,580$2,561,741$2,206,661$3,898,471
76$4,523,664$2,631,481$2,224,799$4,186,362
77$4,927,534$2,702,881$2,241,786$4,500,816
78$5,370,788$2,775,967$2,257,531$4,844,477
79$5,857,383$2,850,764$2,271,933$5,220,259
80$6,391,682$2,927,298$2,284,889$5,631,372
81$6,978,491$3,005,592$2,296,290$6,081,351
82$7,623,102$3,085,671$2,306,021$6,574,091
83$8,331,346$3,167,557$2,313,961$7,113,883
84$9,109,649$3,251,273$2,319,983$7,705,455
85$9,965,086$3,336,838$2,323,956$8,354,015
86$10,905,454$3,424,273$2,325,738$9,065,304
87$11,939,345$3,513,596$2,325,184$9,845,643
88$13,076,220$3,604,824$2,322,140$10,702,000
89$14,326,506$3,697,973$2,316,444$11,642,052
90$15,701,693$3,793,056$2,307,927$12,674,257
91$17,214,435$3,890,086$2,296,412$13,807,934
92$18,878,679$3,989,072$2,281,714$15,053,354
93$20,709,790$4,090,022$2,263,637$16,421,832
94$22,724,697$4,192,941$2,241,977$17,925,839
95$24,942,053$4,297,833$2,216,520$19,579,113
96$27,382,412$4,404,696$2,187,043$21,396,796
97$30,068,420$4,513,528$2,153,311$23,395,572
98$33,025,031$4,624,322$2,115,079$25,593,826
99$36,279,739$4,737,069$2,072,089$28,011,818
100$39,862,841$4,851,754$2,024,073$30,671,871