Can I retire at age 67 with 2,050,000?

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 $2,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$169,287$167,779$166,308$164,872$163,470$161,965
2 years$83,805$82,245$80,732$79,265$77,843$76,327
3 years$55,315$53,748$52,239$50,786$49,387$47,906
4 years$41,073$39,510$38,017$36,589$35,223$33,790
5 years$32,530$30,977$29,502$28,104$26,776$25,394
6 years$26,836$25,295$23,842$22,475$21,187$19,858
7 years$22,771$21,242$19,813$18,478$17,231$15,955
8 years$19,724$18,209$16,803$15,500$14,294$13,072
9 years$17,355$15,854$14,472$13,203$12,038$10,869
10 years$15,460$13,974$12,617$11,381$10,257$9,141
11 years$13,912$12,441$11,108$9,905$8,821$7,757
12 years$12,622$11,166$9,858$8,688$7,644$6,630
13 years$11,532$10,091$8,808$7,670$6,666$5,701
14 years$10,598$9,172$7,914$6,809$5,843$4,927
15 years$9,789$8,379$7,145$6,072$5,145$4,275
16 years$9,082$7,688$6,478$5,437$4,547$3,723
17 years$8,459$7,080$5,895$4,885$4,032$3,251
18 years$7,906$6,542$5,381$4,402$3,585$2,847
19 years$7,412$6,063$4,926$3,978$3,195$2,498
20 years$6,967$5,634$4,521$3,603$2,854$2,196
21 years$6,566$5,248$4,158$3,270$2,554$1,934
22 years$6,201$4,899$3,833$2,973$2,289$1,706
23 years$5,869$4,582$3,539$2,708$2,055$1,506
24 years$5,565$4,293$3,273$2,469$1,847$1,331
25 years$5,285$4,029$3,031$2,255$1,662$1,178
26 years$5,028$3,786$2,811$2,062$1,497$1,043
27 years$4,790$3,563$2,611$1,887$1,350$924
28 years$4,569$3,358$2,427$1,729$1,218$820
29 years$4,364$3,168$2,258$1,586$1,100$727
30 years$4,173$2,992$2,104$1,455$994$646
31 years$3,995$2,828$1,961$1,337$898$573
32 years$3,828$2,676$1,830$1,228$813$509
33 years$3,671$2,534$1,708$1,130$736$453
34 years$3,524$2,402$1,596$1,039$666$403
35 years$3,386$2,278$1,492$957$603$358
36 years$3,256$2,162$1,396$881$546$318
37 years$3,133$2,054$1,307$812$495$283
38 years$3,017$1,952$1,224$748$449$252
39 years$2,907$1,856$1,146$690$407$224
40 years$2,803$1,766$1,075$636$369$200
41 years$2,704$1,681$1,008$587$335$178
42 years$2,610$1,601$945$542$304$158
43 years$2,521$1,525$887$500$276$141
44 years$2,436$1,454$833$462$250$126
45 years$2,355$1,386$782$427$227$112
46 years$2,277$1,322$734$394$206$100
47 years$2,204$1,262$690$364$187$89
48 years$2,133$1,205$648$336$170$79
49 years$2,066$1,150$609$311$155$70
50 years$2,002$1,099$573$287$140$63

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,050,000, adding $2,220 every year, while hoping to spend $53,177 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: 40/42/18 Blend
66$2,050,000$2,050,000$2,050,000$2,050,000
67$2,261,390$2,152,740$2,120,965$2,339,684
68$2,435,472$2,201,644$2,135,437$2,444,626
69$2,625,528$2,251,163$2,148,612$2,552,790
70$2,833,131$2,301,269$2,160,390$2,668,693
71$3,060,013$2,351,934$2,170,666$2,793,064
72$3,308,082$2,403,126$2,179,331$2,926,710
73$3,579,436$2,454,809$2,186,268$3,070,520
74$3,876,386$2,506,942$2,191,356$3,225,472
75$4,201,479$2,559,484$2,194,468$3,392,645
76$4,557,517$2,612,386$2,195,469$3,573,229
77$4,947,586$2,665,595$2,194,220$3,768,537
78$5,375,087$2,719,056$2,190,573$3,980,013
79$5,843,762$2,772,706$2,184,374$4,209,253
80$6,357,735$2,826,478$2,175,460$4,458,014
81$6,921,548$2,880,299$2,163,661$4,728,234
82$7,540,202$2,934,090$2,148,800$5,022,052
83$8,219,207$2,987,766$2,130,690$5,341,822
84$8,964,633$3,041,233$2,109,135$5,690,144
85$9,783,166$3,094,393$2,083,931$6,069,883
86$10,682,168$3,147,139$2,054,862$6,484,198
87$11,669,755$3,199,354$2,021,706$6,936,573
88$12,754,862$3,250,914$1,984,225$7,430,849
89$13,947,337$3,301,688$1,942,175$7,971,262
90$15,258,025$3,351,530$1,895,298$8,562,483
91$16,698,877$3,400,289$1,843,324$9,209,662
92$18,283,060$3,447,800$1,785,972$9,918,478
93$20,025,077$3,493,887$1,722,947$10,695,192
94$21,940,909$3,538,363$1,653,941$11,546,710
95$24,048,165$3,581,026$1,578,631$12,480,644
96$26,366,244$3,621,661$1,496,681$13,505,389
97$28,916,519$3,660,041$1,407,738$14,630,199
98$31,722,541$3,695,920$1,311,435$15,865,282
99$34,810,258$3,729,039$1,207,386$17,221,887
100$38,208,261$3,759,118$1,095,190$18,712,422