Can I retire at age 67 with 1,910,000?

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 $1,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$157,726$156,321$154,950$153,612$152,306$148,927
2 years$78,082$76,628$75,219$73,852$72,527$69,140
3 years$51,538$50,077$48,671$47,318$46,014$42,725
4 years$38,268$36,812$35,420$34,090$32,818$29,652
5 years$30,308$28,861$27,488$26,184$24,947$21,914
6 years$25,004$23,567$22,214$20,940$19,740$16,842
7 years$21,216$19,792$18,460$17,216$16,054$13,292
8 years$18,377$16,965$15,656$14,442$13,318$10,691
9 years$16,169$14,771$13,484$12,301$11,216$8,722
10 years$14,405$13,020$11,756$10,604$9,557$7,193
11 years$12,962$11,591$10,350$9,228$8,219$5,983
12 years$11,760$10,404$9,185$8,095$7,122$5,010
13 years$10,744$9,402$8,206$7,146$6,211$4,218
14 years$9,874$8,546$7,373$6,344$5,444$3,568
15 years$9,121$7,807$6,657$5,657$4,794$3,029
16 years$8,462$7,163$6,036$5,066$4,237$2,579
17 years$7,882$6,597$5,492$4,551$3,756$2,202
18 years$7,366$6,095$5,014$4,102$3,340$1,884
19 years$6,906$5,649$4,590$3,706$2,977$1,615
20 years$6,491$5,250$4,212$3,357$2,659$1,386
21 years$6,117$4,890$3,874$3,046$2,380$1,192
22 years$5,778$4,564$3,571$2,770$2,133$1,026
23 years$5,468$4,269$3,297$2,523$1,915$883
24 years$5,185$4,000$3,049$2,301$1,721$762
25 years$4,924$3,754$2,824$2,101$1,549$657
26 years$4,684$3,528$2,619$1,921$1,395$567
27 years$4,463$3,320$2,432$1,759$1,258$490
28 years$4,257$3,128$2,261$1,611$1,135$423
29 years$4,066$2,951$2,104$1,478$1,025$366
30 years$3,888$2,787$1,960$1,356$926$316
31 years$3,722$2,635$1,827$1,245$837$274
32 years$3,566$2,493$1,705$1,145$757$237
33 years$3,421$2,361$1,592$1,052$685$205
34 years$3,284$2,238$1,487$968$620$177
35 years$3,155$2,122$1,391$891$562$154
36 years$3,034$2,014$1,301$821$509$133
37 years$2,919$1,913$1,218$756$461$115
38 years$2,811$1,818$1,140$697$418$100
39 years$2,708$1,729$1,068$643$379$86
40 years$2,611$1,645$1,001$593$344$75
41 years$2,519$1,566$939$547$312$65
42 years$2,432$1,491$881$505$283$56
43 years$2,349$1,421$826$466$257$49
44 years$2,269$1,354$776$430$233$42
45 years$2,194$1,292$728$397$212$36
46 years$2,122$1,232$684$367$192$32
47 years$2,053$1,176$643$339$175$27
48 years$1,988$1,122$604$313$159$24
49 years$1,925$1,072$568$290$144$21
50 years$1,865$1,024$534$268$131$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,910,000, adding $4,212 every year, while hoping to spend $45,389 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: 59/24/17 Blend
66$1,910,000$1,910,000$1,910,000$1,910,000
67$2,109,165$2,007,935$1,978,330$2,224,100
68$2,276,006$2,058,030$1,996,310$2,352,434
69$2,458,344$2,109,059$2,013,372$2,486,949
70$2,657,711$2,161,019$2,029,436$2,632,599
71$2,875,795$2,213,906$2,044,419$2,790,466
72$3,114,454$2,267,715$2,058,235$2,961,742
73$3,375,734$2,322,439$2,070,792$3,147,738
74$3,661,888$2,378,068$2,081,993$3,349,900
75$3,975,397$2,434,590$2,091,736$3,569,822
76$4,318,995$2,491,992$2,099,916$3,809,258
77$4,695,689$2,550,256$2,106,421$4,070,140
78$5,108,796$2,609,365$2,111,132$4,354,598
79$5,561,965$2,669,296$2,113,926$4,664,980
80$6,059,217$2,730,023$2,114,675$5,003,870
81$6,604,982$2,791,519$2,113,241$5,374,117
82$7,204,138$2,853,752$2,109,483$5,778,861
83$7,862,060$2,916,685$2,103,251$6,221,560
84$8,584,668$2,980,280$2,094,387$6,706,026
85$9,378,482$3,044,493$2,082,728$7,236,460
86$10,250,689$3,109,274$2,068,100$7,817,491
87$11,209,202$3,174,572$2,050,325$8,454,220
88$12,262,741$3,240,326$2,029,211$9,152,267
89$13,420,913$3,306,474$2,004,561$9,917,830
90$14,694,300$3,372,945$1,976,168$10,757,733
91$16,094,563$3,439,664$1,943,814$11,679,503
92$17,634,548$3,506,547$1,907,272$12,691,429
93$19,328,410$3,573,506$1,866,303$13,802,652
94$21,191,742$3,640,442$1,820,659$15,023,242
95$23,241,727$3,707,251$1,770,078$16,364,299
96$25,497,296$3,773,819$1,714,288$17,838,055
97$27,979,307$3,840,023$1,653,004$19,457,991
98$30,710,744$3,905,732$1,585,928$21,238,965
99$33,716,931$3,970,804$1,512,747$23,197,352
100$37,025,770$4,035,085$1,433,136$25,351,198