Can I retire at age 67 with 2,000,000?

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 $2,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$165,158$163,687$162,252$160,851$159,483$156,199
2 years$81,761$80,239$78,763$77,332$75,944$72,651
3 years$53,966$52,437$50,965$49,547$48,182$44,982
4 years$40,071$38,547$37,089$35,696$34,364$31,281
5 years$31,737$30,221$28,783$27,418$26,123$23,167
6 years$26,182$24,678$23,261$21,926$20,670$17,844
7 years$22,216$20,724$19,330$18,027$16,810$14,114
8 years$19,243$17,765$16,393$15,122$13,946$11,379
9 years$16,931$15,467$14,120$12,881$11,744$9,305
10 years$15,083$13,634$12,310$11,103$10,007$7,693
11 years$13,572$12,137$10,837$9,663$8,606$6,415
12 years$12,314$10,894$9,618$8,476$7,458$5,386
13 years$11,250$9,845$8,593$7,483$6,503$4,547
14 years$10,339$8,949$7,721$6,643$5,701$3,856
15 years$9,550$8,175$6,971$5,924$5,020$3,283
16 years$8,861$7,500$6,320$5,304$4,436$2,803
17 years$8,253$6,907$5,751$4,766$3,934$2,400
18 years$7,713$6,383$5,250$4,295$3,497$2,060
19 years$7,231$5,915$4,806$3,881$3,117$1,771
20 years$6,797$5,497$4,411$3,515$2,785$1,525
21 years$6,406$5,120$4,057$3,190$2,492$1,315
22 years$6,050$4,779$3,739$2,900$2,234$1,135
23 years$5,726$4,470$3,452$2,642$2,005$981
24 years$5,429$4,188$3,193$2,409$1,802$848
25 years$5,156$3,930$2,957$2,200$1,622$734
26 years$4,905$3,694$2,743$2,012$1,461$636
27 years$4,673$3,476$2,547$1,841$1,317$551
28 years$4,458$3,276$2,368$1,687$1,188$478
29 years$4,258$3,090$2,203$1,547$1,073$414
30 years$4,071$2,919$2,052$1,420$970$359
31 years$3,897$2,759$1,913$1,304$877$312
32 years$3,734$2,611$1,785$1,198$793$271
33 years$3,582$2,472$1,667$1,102$718$235
34 years$3,438$2,343$1,557$1,014$650$204
35 years$3,304$2,222$1,456$933$588$177
36 years$3,176$2,109$1,362$860$533$154
37 years$3,057$2,003$1,275$792$483$134
38 years$2,943$1,904$1,194$730$438$116
39 years$2,836$1,811$1,119$673$397$101
40 years$2,734$1,723$1,048$621$360$88
41 years$2,638$1,640$983$573$327$76
42 years$2,546$1,562$922$529$297$66
43 years$2,459$1,488$865$488$269$58
44 years$2,376$1,418$812$451$244$50
45 years$2,297$1,352$763$416$222$44
46 years$2,222$1,290$716$384$201$38
47 years$2,150$1,231$673$355$183$33
48 years$2,081$1,175$632$328$166$29
49 years$2,016$1,122$594$303$151$25
50 years$1,953$1,072$559$280$137$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,000,000, adding $3,308 every year, while hoping to spend $58,932 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: 67/11/22 Blend
66$2,000,000$2,000,000$2,000,000$2,000,000
67$2,207,412$2,101,412$2,070,412$2,342,776
68$2,369,865$2,141,678$2,077,068$2,474,243
69$2,546,913$2,181,942$2,081,971$2,610,885
70$2,739,982$2,222,142$2,085,002$2,758,929
71$2,950,643$2,262,209$2,086,032$2,919,496
72$3,180,624$2,302,072$2,084,929$3,093,825
73$3,431,827$2,341,653$2,081,553$3,283,279
74$3,706,345$2,380,867$2,075,758$3,489,362
75$4,006,486$2,419,622$2,067,389$3,713,730
76$4,334,787$2,457,823$2,056,286$3,958,210
77$4,694,043$2,495,365$2,042,279$4,224,816
78$5,087,332$2,532,134$2,025,193$4,515,766
79$5,518,044$2,568,012$2,004,840$4,833,509
80$5,989,910$2,602,870$1,981,027$5,180,739
81$6,507,040$2,636,571$1,953,552$5,560,431
82$7,073,962$2,668,966$1,922,199$5,975,862
83$7,695,661$2,699,900$1,886,747$6,430,643
84$8,377,627$2,729,205$1,846,963$6,928,757
85$9,125,911$2,756,701$1,802,601$7,474,594
86$9,947,172$2,782,198$1,753,407$8,072,992
87$10,848,751$2,805,493$1,699,114$8,729,287
88$11,838,730$2,826,369$1,639,440$9,449,358
89$12,926,014$2,844,595$1,574,096$10,239,687
90$14,120,413$2,859,925$1,502,773$11,107,419
91$15,432,733$2,872,099$1,425,154$12,060,431
92$16,874,879$2,880,839$1,340,903$13,107,404
93$18,459,966$2,885,849$1,249,673$14,257,909
94$20,202,442$2,886,816$1,151,097$15,522,496
95$22,118,228$2,883,407$1,044,795$16,912,792
96$24,224,861$2,875,267$930,369$18,441,617
97$26,541,663$2,862,021$807,403$20,123,099
98$29,089,924$2,843,272$675,462$21,972,813
99$31,893,099$2,818,595$534,093$24,007,925
100$34,977,032$2,787,543$382,823$26,247,358