Can I retire at age 67 with 2,010,000?

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 $2,010,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$165,984$164,505$163,063$161,655$160,280$157,044
2 years$82,170$80,640$79,157$77,719$76,324$73,078
3 years$54,236$52,699$51,220$49,795$48,423$45,268
4 years$40,272$38,739$37,275$35,875$34,536$31,496
5 years$31,895$30,372$28,927$27,555$26,253$23,338
6 years$26,313$24,801$23,377$22,036$20,773$17,986
7 years$22,327$20,828$19,427$18,117$16,894$14,234
8 years$19,339$17,853$16,475$15,198$14,016$11,483
9 years$17,016$15,545$14,190$12,945$11,803$9,396
10 years$15,159$13,702$12,371$11,159$10,057$7,773
11 years$13,640$12,198$10,891$9,712$8,649$6,485
12 years$12,376$10,948$9,666$8,518$7,495$5,448
13 years$11,307$9,894$8,636$7,520$6,536$4,603
14 years$10,391$8,993$7,759$6,676$5,729$3,906
15 years$9,598$8,216$7,006$5,954$5,045$3,328
16 years$8,905$7,538$6,352$5,331$4,458$2,844
17 years$8,294$6,942$5,780$4,790$3,953$2,437
18 years$7,752$6,415$5,276$4,317$3,515$2,092
19 years$7,267$5,945$4,830$3,900$3,133$1,800
20 years$6,831$5,524$4,433$3,533$2,798$1,551
21 years$6,438$5,146$4,077$3,206$2,504$1,339
22 years$6,080$4,803$3,758$2,915$2,245$1,156
23 years$5,754$4,492$3,470$2,655$2,015$1,000
24 years$5,456$4,209$3,209$2,421$1,811$866
25 years$5,182$3,950$2,972$2,211$1,630$750
26 years$4,930$3,712$2,756$2,022$1,468$650
27 years$4,696$3,494$2,560$1,851$1,324$564
28 years$4,480$3,292$2,380$1,696$1,194$489
29 years$4,279$3,106$2,214$1,555$1,078$424
30 years$4,091$2,933$2,063$1,427$974$368
31 years$3,917$2,773$1,923$1,311$881$320
32 years$3,753$2,624$1,794$1,204$797$278
33 years$3,600$2,485$1,675$1,108$721$242
34 years$3,456$2,355$1,565$1,019$653$210
35 years$3,320$2,234$1,463$938$591$183
36 years$3,192$2,120$1,369$864$536$159
37 years$3,072$2,013$1,281$796$486$138
38 years$2,958$1,914$1,200$734$440$120
39 years$2,850$1,820$1,124$677$399$104
40 years$2,748$1,731$1,054$624$362$91
41 years$2,651$1,648$988$576$329$79
42 years$2,559$1,569$927$531$298$69
43 years$2,471$1,495$870$490$271$60
44 years$2,388$1,425$816$453$246$52
45 years$2,309$1,359$766$418$223$45
46 years$2,233$1,297$720$386$202$39
47 years$2,161$1,237$676$357$184$34
48 years$2,092$1,181$636$330$167$30
49 years$2,026$1,128$597$305$152$26
50 years$1,962$1,078$562$282$138$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,010,000, adding $4,528 every year, while hoping to spend $23,553 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: 71/22/7 Blend
66$2,010,000$2,010,000$2,010,000$2,010,000
67$2,219,691$2,113,161$2,082,006$2,374,629
68$2,421,039$2,191,645$2,126,693$2,556,056
69$2,642,135$2,273,186$2,172,087$2,751,216
70$2,884,969$2,357,909$2,218,188$2,964,171
71$3,151,732$2,445,942$2,264,994$3,196,667
72$3,444,839$2,537,423$2,312,501$3,450,622
73$3,766,949$2,632,493$2,360,706$3,728,151
74$4,120,992$2,731,300$2,409,604$4,031,581
75$4,510,196$2,833,997$2,459,189$4,363,471
76$4,938,119$2,940,746$2,509,455$4,726,642
77$5,408,678$3,051,713$2,560,393$5,124,198
78$5,926,191$3,167,075$2,611,993$5,559,556
79$6,495,413$3,287,012$2,664,246$6,036,478
80$7,121,586$3,411,717$2,717,139$6,559,109
81$7,810,483$3,541,386$2,770,658$7,132,011
82$8,568,467$3,676,228$2,824,790$7,760,208
83$9,402,546$3,816,459$2,879,515$8,449,234
84$10,320,444$3,962,303$2,934,817$9,205,183
85$11,330,671$4,113,998$2,990,676$10,034,765
86$12,442,604$4,271,788$3,047,068$10,945,372
87$13,666,574$4,435,931$3,103,969$11,945,146
88$15,013,966$4,606,693$3,161,354$13,043,055
89$16,497,325$4,784,355$3,219,193$14,248,975
90$18,130,472$4,969,208$3,277,456$15,573,787
91$19,928,638$5,161,558$3,336,109$17,029,475
92$21,908,606$5,361,721$3,395,116$18,629,242
93$24,088,870$5,570,031$3,454,437$20,387,631
94$26,489,806$5,786,834$3,514,032$22,320,663
95$29,133,869$6,012,492$3,573,856$24,445,988
96$32,045,803$6,247,383$3,633,860$26,783,049
97$35,252,874$6,491,904$3,693,992$29,353,266
98$38,785,124$6,746,465$3,754,199$32,180,239
99$42,675,663$7,011,498$3,814,421$35,289,967
100$46,960,973$7,287,453$3,874,596$38,711,094