Can I retire at age 67 with 1,970,000?

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 $1,970,000?

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$162,681$161,232$159,818$158,438$157,091$150,977
2 years$80,535$79,035$77,582$76,172$74,805$68,720
3 years$53,157$51,650$50,200$48,804$47,459$41,594
4 years$39,470$37,968$36,533$35,161$33,848$28,247
5 years$31,260$29,768$28,351$27,007$25,731$20,408
6 years$25,789$24,308$22,912$21,598$20,360$15,320
7 years$21,883$20,413$19,040$17,757$16,558$11,798
8 years$18,954$17,498$16,147$14,896$13,737$9,252
9 years$16,677$15,235$13,908$12,688$11,568$7,353
10 years$14,857$13,429$12,125$10,937$9,857$5,903
11 years$13,369$11,955$10,675$9,518$8,477$4,775
12 years$12,129$10,730$9,474$8,349$7,346$3,887
13 years$11,082$9,697$8,464$7,371$6,406$3,179
14 years$10,184$8,814$7,605$6,543$5,615$2,610
15 years$9,407$8,052$6,866$5,835$4,944$2,149
16 years$8,728$7,388$6,225$5,225$4,370$1,774
17 years$8,129$6,804$5,665$4,694$3,875$1,468
18 years$7,598$6,287$5,171$4,231$3,445$1,216
19 years$7,122$5,827$4,734$3,823$3,071$1,009
20 years$6,695$5,414$4,345$3,462$2,743$839
21 years$6,310$5,043$3,996$3,142$2,454$697
22 years$5,959$4,708$3,683$2,857$2,200$580
23 years$5,640$4,403$3,401$2,602$1,975$483
24 years$5,347$4,125$3,145$2,373$1,775$403
25 years$5,079$3,871$2,913$2,167$1,597$336
26 years$4,831$3,639$2,702$1,982$1,439$280
27 years$4,603$3,424$2,509$1,814$1,297$233
28 years$4,391$3,227$2,332$1,662$1,170$195
29 years$4,194$3,044$2,170$1,524$1,057$163
30 years$4,010$2,875$2,022$1,399$955$136
31 years$3,839$2,718$1,885$1,285$863$113
32 years$3,678$2,571$1,758$1,180$781$95
33 years$3,528$2,435$1,642$1,086$707$79
34 years$3,387$2,308$1,534$999$640$66
35 years$3,254$2,189$1,434$919$580$55
36 years$3,129$2,078$1,342$847$525$46
37 years$3,011$1,973$1,256$780$476$38
38 years$2,899$1,875$1,176$719$432$32
39 years$2,793$1,783$1,102$663$391$27
40 years$2,693$1,697$1,033$612$355$22
41 years$2,598$1,615$968$564$322$19
42 years$2,508$1,538$908$521$292$16
43 years$2,422$1,466$852$481$265$13
44 years$2,341$1,397$800$444$241$11
45 years$2,263$1,332$751$410$219$9
46 years$2,189$1,271$706$379$198$8
47 years$2,118$1,213$663$350$180$6
48 years$2,050$1,158$623$323$164$5
49 years$1,985$1,106$586$299$149$4
50 years$1,923$1,056$550$276$135$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,970,000, adding $2,926 every year, while hoping to spend $26,536 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: 64/16/20 Blend
66$1,970,000$1,970,000$1,970,000$1,970,000
67$2,173,958$2,069,548$2,039,013$2,301,825
68$2,367,468$2,142,722$2,079,086$2,461,363
69$2,579,826$2,218,592$2,119,612$2,632,317
70$2,812,927$2,297,262$2,160,578$2,818,463
71$3,068,859$2,378,841$2,201,970$3,021,290
72$3,349,919$2,463,441$2,243,773$3,242,434
73$3,658,641$2,551,179$2,285,969$3,483,698
74$3,997,814$2,642,178$2,328,541$3,747,065
75$4,370,511$2,736,565$2,371,467$4,034,721
76$4,780,118$2,834,472$2,414,726$4,349,071
77$5,230,365$2,936,036$2,458,295$4,692,765
78$5,725,362$3,041,401$2,502,147$5,068,719
79$6,269,636$3,150,717$2,546,256$5,480,146
80$6,868,174$3,264,138$2,590,591$5,930,584
81$7,526,473$3,381,826$2,635,121$6,423,929
82$8,250,588$3,503,950$2,679,812$6,964,474
83$9,047,189$3,630,685$2,724,627$7,556,945
84$9,923,628$3,762,214$2,769,528$8,206,549
85$10,888,003$3,898,726$2,814,471$8,919,022
86$11,949,236$4,040,422$2,859,414$9,700,681
87$13,117,162$4,187,506$2,904,307$10,558,486
88$14,402,612$4,340,194$2,949,102$11,500,102
89$15,817,525$4,498,709$2,993,743$12,533,977
90$17,375,053$4,663,287$3,038,174$13,669,413
91$19,089,690$4,834,169$3,082,334$14,916,661
92$20,977,404$5,011,609$3,126,158$16,287,013
93$23,055,793$5,195,871$3,169,578$17,792,910
94$25,344,246$5,387,232$3,212,521$19,448,059
95$27,864,130$5,585,977$3,254,911$21,267,561
96$30,638,987$5,792,405$3,296,667$23,268,054
97$33,694,761$6,006,830$3,337,701$25,467,870
98$37,060,036$6,229,575$3,377,925$27,887,206
99$40,766,315$6,460,979$3,417,240$30,548,315
100$44,848,308$6,701,396$3,455,547$33,475,719