Can I retire at age 67 with 1,980,000?

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 $1,980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$163,507$162,050$160,629$159,242$157,888$155,786
2 years$80,944$79,436$77,975$76,559$75,185$73,070
3 years$53,427$51,913$50,455$49,052$47,700$45,639
4 years$39,671$38,161$36,718$35,339$34,020$32,028
5 years$31,419$29,919$28,495$27,144$25,862$23,945
6 years$25,920$24,431$23,028$21,707$20,463$18,624
7 years$21,994$20,517$19,137$17,847$16,642$14,881
8 years$19,050$17,587$16,229$14,971$13,806$12,123
9 years$16,762$15,313$13,978$12,752$11,627$10,020
10 years$14,932$13,497$12,187$10,992$9,907$8,376
11 years$13,437$12,016$10,729$9,567$8,520$7,064
12 years$12,191$10,785$9,522$8,391$7,383$6,000
13 years$11,138$9,746$8,507$7,408$6,438$5,126
14 years$10,236$8,859$7,644$6,576$5,644$4,400
15 years$9,455$8,093$6,901$5,865$4,969$3,792
16 years$8,772$7,425$6,257$5,251$4,392$3,280
17 years$8,170$6,838$5,693$4,718$3,894$2,844
18 years$7,636$6,319$5,197$4,252$3,463$2,473
19 years$7,159$5,856$4,758$3,842$3,086$2,154
20 years$6,729$5,442$4,367$3,480$2,757$1,880
21 years$6,342$5,069$4,016$3,158$2,467$1,643
22 years$5,989$4,732$3,702$2,871$2,211$1,438
23 years$5,668$4,425$3,418$2,615$1,985$1,260
24 years$5,375$4,146$3,161$2,385$1,784$1,105
25 years$5,105$3,891$2,928$2,178$1,605$970
26 years$4,856$3,657$2,715$1,992$1,446$853
27 years$4,626$3,442$2,521$1,823$1,304$750
28 years$4,413$3,243$2,344$1,670$1,176$659
29 years$4,215$3,059$2,181$1,532$1,062$580
30 years$4,030$2,889$2,032$1,406$960$511
31 years$3,858$2,731$1,894$1,291$868$450
32 years$3,697$2,584$1,767$1,186$785$397
33 years$3,546$2,448$1,650$1,091$710$350
34 years$3,404$2,320$1,542$1,004$643$308
35 years$3,270$2,200$1,441$924$583$272
36 years$3,145$2,088$1,348$851$528$240
37 years$3,026$1,983$1,262$784$478$211
38 years$2,914$1,885$1,182$723$434$187
39 years$2,808$1,792$1,107$666$393$165
40 years$2,707$1,705$1,038$615$357$145
41 years$2,612$1,623$973$567$324$128
42 years$2,521$1,546$913$523$294$113
43 years$2,435$1,473$857$483$267$100
44 years$2,353$1,404$804$446$242$88
45 years$2,274$1,339$755$412$220$78
46 years$2,200$1,277$709$381$199$69
47 years$2,129$1,219$666$352$181$61
48 years$2,060$1,164$626$325$164$54
49 years$1,995$1,111$588$300$149$47
50 years$1,933$1,061$553$278$136$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,980,000, adding $2,324 every year, while hoping to spend $39,925 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: 53/34/13 Blend
66$1,980,000$1,980,000$1,980,000$1,980,000
67$2,184,357$2,079,417$2,048,727$2,292,517
68$2,364,682$2,138,829$2,074,880$2,425,910
69$2,562,061$2,199,813$2,100,570$2,566,495
70$2,778,193$2,262,406$2,125,741$2,718,538
71$3,014,947$2,326,642$2,150,331$2,883,138
72$3,274,381$2,392,557$2,174,277$3,061,500
73$3,558,762$2,460,186$2,197,510$3,254,951
74$3,870,588$2,529,568$2,219,958$3,464,955
75$4,212,608$2,600,737$2,241,547$3,693,120
76$4,587,852$2,673,730$2,262,196$3,941,218
77$4,999,655$2,748,586$2,281,823$4,211,200
78$5,451,694$2,825,340$2,300,337$4,505,213
79$5,948,016$2,904,031$2,317,648$4,825,623
80$6,493,080$2,984,695$2,333,656$5,175,035
81$7,091,800$3,067,371$2,348,259$5,556,318
82$7,749,586$3,152,095$2,361,348$5,972,632
83$8,472,401$3,238,904$2,372,810$6,427,456
84$9,266,813$3,327,837$2,382,526$6,924,623
85$10,140,056$3,418,930$2,390,369$7,468,358
86$11,100,103$3,512,219$2,396,208$8,063,310
87$12,155,736$3,607,740$2,399,904$8,714,604
88$13,316,632$3,705,530$2,401,311$9,427,885
89$14,593,451$3,805,624$2,400,278$10,209,371
90$15,997,940$3,908,056$2,396,643$11,065,914
91$17,543,038$4,012,859$2,390,239$12,005,062
92$19,243,006$4,120,067$2,380,890$13,035,131
93$21,113,553$4,229,711$2,368,411$14,165,284
94$23,171,991$4,341,823$2,352,608$15,405,615
95$25,437,393$4,456,430$2,333,279$16,767,250
96$27,930,774$4,573,563$2,310,211$18,262,443
97$30,675,291$4,693,245$2,283,182$19,904,700
98$33,696,460$4,815,503$2,251,957$21,708,900
99$37,022,395$4,940,359$2,216,294$23,691,440
100$40,684,076$5,067,833$2,175,936$25,870,386