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%20%
1 years$165,984$164,505$163,063$161,655$160,280$153,860
2 years$82,170$80,640$79,157$77,719$76,324$69,936
3 years$54,236$52,699$51,220$49,795$48,423$42,269
4 years$40,272$38,739$37,275$35,875$34,536$28,662
5 years$31,895$30,372$28,927$27,555$26,253$20,676
6 years$26,313$24,801$23,377$22,036$20,773$15,495
7 years$22,327$20,828$19,427$18,117$16,894$11,912
8 years$19,339$17,853$16,475$15,198$14,016$9,325
9 years$17,016$15,545$14,190$12,945$11,803$7,398
10 years$15,159$13,702$12,371$11,159$10,057$5,927
11 years$13,640$12,198$10,891$9,712$8,649$4,786
12 years$12,376$10,948$9,666$8,518$7,495$3,887
13 years$11,307$9,894$8,636$7,520$6,536$3,173
14 years$10,391$8,993$7,759$6,676$5,729$2,599
15 years$9,598$8,216$7,006$5,954$5,045$2,136
16 years$8,905$7,538$6,352$5,331$4,458$1,760
17 years$8,294$6,942$5,780$4,790$3,953$1,452
18 years$7,752$6,415$5,276$4,317$3,515$1,201
19 years$7,267$5,945$4,830$3,900$3,133$994
20 years$6,831$5,524$4,433$3,533$2,798$824
21 years$6,438$5,146$4,077$3,206$2,504$684
22 years$6,080$4,803$3,758$2,915$2,245$568
23 years$5,754$4,492$3,470$2,655$2,015$472
24 years$5,456$4,209$3,209$2,421$1,811$392
25 years$5,182$3,950$2,972$2,211$1,630$326
26 years$4,930$3,712$2,756$2,022$1,468$271
27 years$4,696$3,494$2,560$1,851$1,324$226
28 years$4,480$3,292$2,380$1,696$1,194$188
29 years$4,279$3,106$2,214$1,555$1,078$156
30 years$4,091$2,933$2,063$1,427$974$130
31 years$3,917$2,773$1,923$1,311$881$108
32 years$3,753$2,624$1,794$1,204$797$90
33 years$3,600$2,485$1,675$1,108$721$75
34 years$3,456$2,355$1,565$1,019$653$63
35 years$3,320$2,234$1,463$938$591$52
36 years$3,192$2,120$1,369$864$536$43
37 years$3,072$2,013$1,281$796$486$36
38 years$2,958$1,914$1,200$734$440$30
39 years$2,850$1,820$1,124$677$399$25
40 years$2,748$1,731$1,054$624$362$21
41 years$2,651$1,648$988$576$329$17
42 years$2,559$1,569$927$531$298$15
43 years$2,471$1,495$870$490$271$12
44 years$2,388$1,425$816$453$246$10
45 years$2,309$1,359$766$418$223$8
46 years$2,233$1,297$720$386$202$7
47 years$2,161$1,237$676$357$184$6
48 years$2,092$1,181$636$330$167$5
49 years$2,026$1,128$597$305$152$4
50 years$1,962$1,078$562$282$138$3

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 $6,512 every year, while hoping to spend $51,773 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: 72/17/11 Blend
66$2,010,000$2,010,000$2,010,000$2,010,000
67$2,221,737$2,115,207$2,084,052$2,376,371
68$2,393,268$2,163,766$2,098,782$2,528,087
69$2,580,560$2,212,969$2,112,270$2,687,148
70$2,785,166$2,262,794$2,124,420$2,859,910
71$3,008,796$2,313,213$2,135,130$3,047,713
72$3,253,331$2,364,199$2,144,295$3,252,034
73$3,520,845$2,415,718$2,151,803$3,474,499
74$3,813,619$2,467,736$2,157,536$3,716,898
75$4,134,165$2,520,213$2,161,371$3,981,206
76$4,485,251$2,573,105$2,163,178$4,269,593
77$4,869,925$2,626,364$2,162,822$4,584,456
78$5,291,541$2,679,940$2,160,160$4,928,431
79$5,753,795$2,733,775$2,155,043$5,304,423
80$6,260,759$2,787,806$2,147,314$5,715,634
81$6,816,916$2,841,968$2,136,809$6,165,590
82$7,427,204$2,896,187$2,123,354$6,658,178
83$8,097,062$2,950,384$2,106,770$7,197,679
84$8,832,483$3,004,473$2,086,868$7,788,811
85$9,640,067$3,058,363$2,063,448$8,436,771
86$10,527,085$3,111,953$2,036,304$9,147,289
87$11,501,545$3,165,137$2,005,219$9,926,674
88$12,572,273$3,217,799$1,969,964$10,781,883
89$13,748,989$3,269,815$1,930,301$11,720,579
90$15,042,401$3,321,051$1,885,982$12,751,207
91$16,464,308$3,371,365$1,836,744$13,883,073
92$18,027,709$3,420,604$1,782,317$15,126,434
93$19,746,924$3,468,602$1,722,413$16,492,589
94$21,637,731$3,515,184$1,656,735$17,993,993
95$23,717,514$3,560,162$1,584,970$19,644,371
96$26,005,426$3,603,336$1,506,792$21,458,846
97$28,522,570$3,644,490$1,421,859$23,454,085
98$31,292,197$3,683,395$1,329,817$25,648,457
99$34,339,926$3,719,806$1,230,291$28,062,202
100$37,693,986$3,753,464$1,122,892$30,717,627