Can I retire at age 67 with 1,990,000?

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 $1,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$164,332$162,869$161,440$160,046$158,685$156,314
2 years$81,353$79,838$78,369$76,945$75,564$73,181
3 years$53,696$52,175$50,710$49,300$47,941$45,619
4 years$39,871$38,354$36,904$35,518$34,192$31,950
5 years$31,578$30,070$28,639$27,281$25,992$23,836
6 years$26,051$24,554$23,145$21,817$20,567$18,499
7 years$22,105$20,621$19,233$17,937$16,726$14,748
8 years$19,146$17,676$16,311$15,047$13,876$11,987
9 years$16,847$15,390$14,049$12,816$11,686$9,885
10 years$15,008$13,565$12,248$11,048$9,957$8,242
11 years$13,504$12,077$10,783$9,615$8,563$6,934
12 years$12,253$10,839$9,570$8,434$7,421$5,874
13 years$11,194$9,796$8,550$7,446$6,471$5,005
14 years$10,288$8,904$7,682$6,609$5,672$4,285
15 years$9,503$8,134$6,936$5,894$4,994$3,683
16 years$8,816$7,463$6,288$5,278$4,414$3,177
17 years$8,212$6,873$5,722$4,742$3,914$2,747
18 years$7,675$6,351$5,224$4,274$3,480$2,381
19 years$7,195$5,886$4,782$3,862$3,102$2,069
20 years$6,763$5,469$4,389$3,497$2,771$1,800
21 years$6,374$5,095$4,037$3,174$2,479$1,569
22 years$6,020$4,756$3,720$2,886$2,222$1,369
23 years$5,697$4,448$3,435$2,628$1,995$1,196
24 years$5,402$4,167$3,177$2,397$1,793$1,045
25 years$5,131$3,911$2,943$2,189$1,614$915
26 years$4,881$3,676$2,729$2,002$1,453$801
27 years$4,649$3,459$2,534$1,832$1,310$702
28 years$4,435$3,259$2,356$1,679$1,182$616
29 years$4,236$3,075$2,192$1,539$1,068$540
30 years$4,051$2,904$2,042$1,413$965$474
31 years$3,878$2,745$1,904$1,298$872$416
32 years$3,716$2,598$1,776$1,192$789$365
33 years$3,564$2,460$1,658$1,097$714$321
34 years$3,421$2,331$1,550$1,009$646$282
35 years$3,287$2,211$1,449$929$586$248
36 years$3,161$2,099$1,355$855$530$218
37 years$3,041$1,993$1,269$788$481$192
38 years$2,928$1,894$1,188$726$436$168
39 years$2,822$1,801$1,113$670$395$148
40 years$2,721$1,714$1,043$618$359$130
41 years$2,625$1,632$978$570$325$115
42 years$2,534$1,554$918$526$295$101
43 years$2,447$1,480$861$486$268$89
44 years$2,364$1,411$808$448$243$78
45 years$2,286$1,346$759$414$221$69
46 years$2,211$1,284$713$382$200$60
47 years$2,139$1,225$670$353$182$53
48 years$2,071$1,170$629$327$165$47
49 years$2,006$1,117$591$302$150$41
50 years$1,943$1,067$556$279$136$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,990,000, adding $2,612 every year, while hoping to spend $37,801 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: 45/39/16 Blend
66$1,990,000$1,990,000$1,990,000$1,990,000
67$2,195,674$2,090,204$2,059,359$2,284,304
68$2,379,413$2,152,404$2,088,128$2,408,644
69$2,580,626$2,216,385$2,116,593$2,539,397
70$2,801,056$2,282,194$2,144,705$2,680,372
71$3,042,622$2,349,880$2,172,411$2,832,532
72$3,307,438$2,419,492$2,199,655$2,996,936
73$3,597,830$2,491,081$2,226,377$3,174,749
74$3,916,363$2,564,698$2,252,514$3,367,253
75$4,265,860$2,640,396$2,278,002$3,575,859
76$4,649,431$2,718,229$2,302,769$3,802,121
77$5,070,504$2,798,253$2,326,742$4,047,747
78$5,532,850$2,880,523$2,349,843$4,314,620
79$6,040,629$2,965,096$2,371,990$4,604,812
80$6,598,419$3,052,031$2,393,098$4,920,601
81$7,211,265$3,141,388$2,413,074$5,264,501
82$7,884,726$3,233,228$2,431,824$5,639,277
83$8,624,923$3,327,612$2,449,246$6,047,973
84$9,438,604$3,424,603$2,465,234$6,493,943
85$10,333,199$3,524,266$2,479,676$6,980,880
86$11,316,896$3,626,666$2,492,456$7,512,853
87$12,398,716$3,731,870$2,503,451$8,094,341
88$13,588,598$3,839,944$2,512,529$8,730,280
89$14,897,492$3,950,959$2,519,556$9,426,105
90$16,337,464$4,064,983$2,524,388$10,187,806
91$17,921,806$4,182,088$2,526,876$11,021,977
92$19,665,165$4,302,345$2,526,861$11,935,887
93$21,583,680$4,425,828$2,524,179$12,937,541
94$23,695,132$4,552,611$2,518,657$14,035,759
95$26,019,116$4,682,768$2,510,111$15,240,258
96$28,577,218$4,816,377$2,498,353$16,561,743
97$31,393,228$4,953,512$2,483,181$18,012,009
98$34,493,356$5,094,254$2,464,386$19,604,053
99$37,906,485$5,238,679$2,441,750$21,352,192
100$41,664,440$5,386,867$2,415,042$23,272,204