Can I retire at age 67 with 1,950,000?

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 $1,950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$161,029$159,595$158,195$156,829$155,496$153,872
2 years$79,717$78,233$76,794$75,399$74,046$72,410
3 years$52,617$51,126$49,691$48,309$46,978$45,382
4 years$39,070$37,583$36,162$34,804$33,505$31,960
5 years$30,943$29,466$28,063$26,733$25,470$23,982
6 years$25,527$24,061$22,679$21,378$20,153$18,723
7 years$21,660$20,206$18,847$17,576$16,390$15,018
8 years$18,761$17,320$15,983$14,744$13,597$12,284
9 years$16,508$15,081$13,767$12,559$11,451$10,196
10 years$14,706$13,293$12,002$10,826$9,757$8,559
11 years$13,233$11,834$10,566$9,422$8,391$7,249
12 years$12,006$10,621$9,377$8,264$7,271$6,185
13 years$10,969$9,599$8,378$7,296$6,341$5,308
14 years$10,081$8,725$7,528$6,477$5,558$4,578
15 years$9,312$7,970$6,797$5,776$4,894$3,964
16 years$8,639$7,313$6,162$5,172$4,325$3,445
17 years$8,047$6,735$5,607$4,647$3,835$3,002
18 years$7,520$6,223$5,119$4,188$3,410$2,623
19 years$7,050$5,768$4,686$3,784$3,039$2,297
20 years$6,627$5,359$4,300$3,427$2,715$2,015
21 years$6,245$4,992$3,956$3,110$2,430$1,771
22 years$5,899$4,660$3,646$2,828$2,178$1,558
23 years$5,583$4,358$3,366$2,575$1,955$1,372
24 years$5,293$4,084$3,113$2,349$1,757$1,210
25 years$5,027$3,832$2,883$2,145$1,581$1,068
26 years$4,782$3,602$2,674$1,961$1,424$944
27 years$4,556$3,390$2,483$1,795$1,284$834
28 years$4,346$3,194$2,308$1,645$1,159$738
29 years$4,151$3,013$2,148$1,508$1,046$653
30 years$3,969$2,846$2,001$1,384$945$579
31 years$3,800$2,690$1,865$1,271$855$513
32 years$3,641$2,545$1,741$1,169$773$454
33 years$3,492$2,410$1,625$1,075$700$403
34 years$3,352$2,285$1,518$989$633$357
35 years$3,221$2,167$1,420$910$574$317
36 years$3,097$2,057$1,328$838$520$281
37 years$2,980$1,953$1,243$772$471$249
38 years$2,870$1,856$1,164$712$427$221
39 years$2,765$1,765$1,091$656$387$197
40 years$2,666$1,679$1,022$605$351$175
41 years$2,572$1,599$958$559$319$155
42 years$2,483$1,523$899$515$289$138
43 years$2,398$1,451$844$476$262$122
44 years$2,317$1,383$792$439$238$109
45 years$2,240$1,319$744$406$216$96
46 years$2,166$1,258$698$375$196$86
47 years$2,096$1,200$656$346$178$76
48 years$2,029$1,146$617$320$162$68
49 years$1,965$1,094$580$296$147$60
50 years$1,904$1,045$545$273$134$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,950,000, adding $4,022 every year, while hoping to spend $45,846 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: 82/10/8 Blend
66$1,950,000$1,950,000$1,950,000$1,950,000
67$2,153,049$2,049,699$2,019,474$2,327,186
68$2,323,880$2,101,354$2,038,346$2,493,363
69$2,510,599$2,154,004$2,056,315$2,669,239
70$2,714,779$2,207,649$2,073,300$2,860,920
71$2,938,150$2,262,288$2,089,219$3,069,964
72$3,182,619$2,317,917$2,103,985$3,298,086
73$3,450,284$2,374,533$2,117,507$3,547,175
74$3,743,457$2,432,129$2,129,687$3,819,310
75$4,064,682$2,490,696$2,140,424$4,116,782
76$4,416,763$2,550,223$2,149,612$4,442,115
77$4,802,787$2,610,699$2,157,138$4,798,088
78$5,226,155$2,672,106$2,162,885$5,187,761
79$5,690,610$2,734,427$2,166,730$5,614,509
80$6,200,279$2,797,640$2,168,542$6,082,044
81$6,759,705$2,861,722$2,168,185$6,594,459
82$7,373,892$2,926,644$2,165,517$7,156,263
83$8,048,355$2,992,375$2,160,387$7,772,422
84$8,789,166$3,058,880$2,152,639$8,448,407
85$9,603,015$3,126,120$2,142,107$9,190,247
86$10,497,275$3,194,052$2,128,619$10,004,584
87$11,480,063$3,262,626$2,111,995$10,898,735
88$12,560,326$3,331,792$2,092,043$11,880,762
89$13,747,918$3,401,489$2,068,565$12,959,548
90$15,053,698$3,471,654$2,041,354$14,144,883
91$16,489,627$3,542,217$2,010,192$15,447,549
92$18,068,885$3,613,102$1,974,850$16,879,429
93$19,805,993$3,684,225$1,935,089$18,453,618
94$21,716,950$3,755,498$1,890,660$20,184,542
95$23,819,383$3,826,821$1,841,301$22,088,099
96$26,132,714$3,898,089$1,786,738$24,181,806
97$28,678,343$3,969,188$1,726,686$26,484,966
98$31,479,849$4,039,993$1,660,845$29,018,847
99$34,563,212$4,110,371$1,588,902$31,806,887
100$37,957,060$4,180,180$1,510,531$34,874,914