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%17%
1 years$169,287$167,779$166,308$164,872$163,470$158,810
2 years$83,805$82,245$80,732$79,265$77,843$73,184
3 years$55,315$53,748$52,239$50,786$49,387$44,876
4 years$41,073$39,510$38,017$36,589$35,223$30,894
5 years$32,530$30,977$29,502$28,104$26,776$22,641
6 years$26,836$25,295$23,842$22,475$21,187$17,249
7 years$22,771$21,242$19,813$18,478$17,231$13,490
8 years$19,724$18,209$16,803$15,500$14,294$10,750
9 years$17,355$15,854$14,472$13,203$12,038$8,685
10 years$15,460$13,974$12,617$11,381$10,257$7,092
11 years$13,912$12,441$11,108$9,905$8,821$5,839
12 years$12,622$11,166$9,858$8,688$7,644$4,838
13 years$11,532$10,091$8,808$7,670$6,666$4,030
14 years$10,598$9,172$7,914$6,809$5,843$3,372
15 years$9,789$8,379$7,145$6,072$5,145$2,830
16 years$9,082$7,688$6,478$5,437$4,547$2,383
17 years$8,459$7,080$5,895$4,885$4,032$2,011
18 years$7,906$6,542$5,381$4,402$3,585$1,700
19 years$7,412$6,063$4,926$3,978$3,195$1,440
20 years$6,967$5,634$4,521$3,603$2,854$1,221
21 years$6,566$5,248$4,158$3,270$2,554$1,037
22 years$6,201$4,899$3,833$2,973$2,289$881
23 years$5,869$4,582$3,539$2,708$2,055$750
24 years$5,565$4,293$3,273$2,469$1,847$638
25 years$5,285$4,029$3,031$2,255$1,662$544
26 years$5,028$3,786$2,811$2,062$1,497$463
27 years$4,790$3,563$2,611$1,887$1,350$395
28 years$4,569$3,358$2,427$1,729$1,218$337
29 years$4,364$3,168$2,258$1,586$1,100$287
30 years$4,173$2,992$2,104$1,455$994$245
31 years$3,995$2,828$1,961$1,337$898$209
32 years$3,828$2,676$1,830$1,228$813$179
33 years$3,671$2,534$1,708$1,130$736$153
34 years$3,524$2,402$1,596$1,039$666$130
35 years$3,386$2,278$1,492$957$603$111
36 years$3,256$2,162$1,396$881$546$95
37 years$3,133$2,054$1,307$812$495$81
38 years$3,017$1,952$1,224$748$449$69
39 years$2,907$1,856$1,146$690$407$59
40 years$2,803$1,766$1,075$636$369$51
41 years$2,704$1,681$1,008$587$335$43
42 years$2,610$1,601$945$542$304$37
43 years$2,521$1,525$887$500$276$32
44 years$2,436$1,454$833$462$250$27
45 years$2,355$1,386$782$427$227$23
46 years$2,277$1,322$734$394$206$20
47 years$2,204$1,262$690$364$187$17
48 years$2,133$1,205$648$336$170$14
49 years$2,066$1,150$609$311$155$12
50 years$2,002$1,099$573$287$140$11

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 $3,283 every year, while hoping to spend $20,274 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: 38/32/30 Blend
66$2,050,000$2,050,000$2,050,000$2,050,000
67$2,262,486$2,153,836$2,122,061$2,328,165
68$2,471,689$2,237,803$2,171,579$2,460,919
69$2,701,550$2,325,204$2,222,076$2,602,215
70$2,954,156$2,416,188$2,273,564$2,754,547
71$3,231,806$2,510,906$2,326,054$2,918,932
72$3,537,029$2,609,520$2,379,556$3,096,486
73$3,872,616$2,712,197$2,434,081$3,288,438
74$4,241,640$2,819,111$2,489,640$3,496,137
75$4,647,486$2,930,446$2,546,241$3,721,064
76$5,093,883$3,046,392$2,603,894$3,964,848
77$5,584,942$3,167,148$2,662,608$4,229,279
78$6,125,191$3,292,923$2,722,390$4,516,328
79$6,719,619$3,423,935$2,783,248$4,828,157
80$7,373,723$3,560,410$2,845,190$5,167,148
81$8,093,559$3,702,587$2,908,220$5,535,919
82$8,885,802$3,850,714$2,972,345$5,937,349
83$9,757,805$4,005,049$3,037,570$6,374,607
84$10,717,670$4,165,866$3,103,897$6,851,178
85$11,774,325$4,333,446$3,171,330$7,370,895
86$12,937,608$4,508,086$3,239,871$7,937,980
87$14,218,358$4,690,096$3,309,521$8,557,076
88$15,628,519$4,879,800$3,380,279$9,233,292
89$17,181,254$5,077,536$3,452,144$9,972,255
90$18,891,064$5,283,658$3,525,113$10,780,154
91$20,773,930$5,498,535$3,599,183$11,663,805
92$22,847,463$5,722,554$3,674,346$12,630,710
93$25,131,065$5,956,120$3,750,598$13,689,129
94$27,646,119$6,199,656$3,827,928$14,848,154
95$30,416,186$6,453,602$3,906,327$16,117,798
96$33,467,231$6,718,422$3,985,783$17,509,085
97$36,827,863$6,994,600$4,066,281$19,034,153
98$40,529,609$7,282,639$4,147,806$20,706,370
99$44,607,210$7,583,069$4,230,338$22,540,455
100$49,098,950$7,896,444$4,313,859$24,552,619