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

Use the below retirement simulation to view the chances of a successful retirement.
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%12.9%
1 years$169,287$167,779$166,308$164,872$163,470$161,494
2 years$83,805$82,245$80,732$79,265$77,843$75,854
3 years$55,315$53,748$52,239$50,786$49,387$47,447
4 years$41,073$39,510$38,017$36,589$35,223$33,348
5 years$32,530$30,977$29,502$28,104$26,776$24,970
6 years$26,836$25,295$23,842$22,475$21,187$19,453
7 years$22,771$21,242$19,813$18,478$17,231$15,569
8 years$19,724$18,209$16,803$15,500$14,294$12,705
9 years$17,355$15,854$14,472$13,203$12,038$10,521
10 years$15,460$13,974$12,617$11,381$10,257$8,810
11 years$13,912$12,441$11,108$9,905$8,821$7,444
12 years$12,622$11,166$9,858$8,688$7,644$6,335
13 years$11,532$10,091$8,808$7,670$6,666$5,422
14 years$10,598$9,172$7,914$6,809$5,843$4,664
15 years$9,789$8,379$7,145$6,072$5,145$4,028
16 years$9,082$7,688$6,478$5,437$4,547$3,491
17 years$8,459$7,080$5,895$4,885$4,032$3,034
18 years$7,906$6,542$5,381$4,402$3,585$2,643
19 years$7,412$6,063$4,926$3,978$3,195$2,308
20 years$6,967$5,634$4,521$3,603$2,854$2,019
21 years$6,566$5,248$4,158$3,270$2,554$1,768
22 years$6,201$4,899$3,833$2,973$2,289$1,551
23 years$5,869$4,582$3,539$2,708$2,055$1,362
24 years$5,565$4,293$3,273$2,469$1,847$1,198
25 years$5,285$4,029$3,031$2,255$1,662$1,054
26 years$5,028$3,786$2,811$2,062$1,497$928
27 years$4,790$3,563$2,611$1,887$1,350$818
28 years$4,569$3,358$2,427$1,729$1,218$721
29 years$4,364$3,168$2,258$1,586$1,100$636
30 years$4,173$2,992$2,104$1,455$994$562
31 years$3,995$2,828$1,961$1,337$898$496
32 years$3,828$2,676$1,830$1,228$813$438
33 years$3,671$2,534$1,708$1,130$736$387
34 years$3,524$2,402$1,596$1,039$666$342
35 years$3,386$2,278$1,492$957$603$302
36 years$3,256$2,162$1,396$881$546$267
37 years$3,133$2,054$1,307$812$495$237
38 years$3,017$1,952$1,224$748$449$209
39 years$2,907$1,856$1,146$690$407$185
40 years$2,803$1,766$1,075$636$369$164
41 years$2,704$1,681$1,008$587$335$145
42 years$2,610$1,601$945$542$304$128
43 years$2,521$1,525$887$500$276$114
44 years$2,436$1,454$833$462$250$101
45 years$2,355$1,386$782$427$227$89
46 years$2,277$1,322$734$394$206$79
47 years$2,204$1,262$690$364$187$70
48 years$2,133$1,205$648$336$170$62
49 years$2,066$1,150$609$311$155$55
50 years$2,002$1,099$573$287$140$48

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 $4,497 every year, while hoping to spend $21,329 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: 69/24/7 Blend
66$2,050,000$2,050,000$2,050,000$2,050,000
67$2,263,739$2,155,089$2,123,314$2,417,086
68$2,471,946$2,237,994$2,171,751$2,602,088
69$2,700,676$2,324,247$2,221,096$2,801,355
70$2,951,999$2,413,989$2,271,356$3,018,748
71$3,228,196$2,507,368$2,322,540$3,256,039
72$3,531,780$2,604,538$2,374,654$3,515,178
73$3,865,522$2,705,659$2,427,704$3,798,313
74$4,232,469$2,810,901$2,481,697$4,107,805
75$4,635,985$2,920,439$2,536,637$4,446,255
76$5,079,771$3,034,456$2,592,530$4,816,525
77$5,567,907$3,153,144$2,649,379$5,221,764
78$6,104,887$3,276,702$2,707,188$5,665,443
79$6,695,665$3,405,340$2,765,958$6,151,378
80$7,345,697$3,539,275$2,825,691$6,683,775
81$8,060,995$3,678,737$2,886,389$7,267,263
82$8,848,183$3,823,962$2,948,050$7,906,939
83$9,714,561$3,975,199$3,010,673$8,608,414
84$10,668,172$4,132,709$3,074,255$9,377,871
85$11,717,876$4,296,763$3,138,794$10,222,116
86$12,873,439$4,467,644$3,204,283$11,148,644
87$14,145,621$4,645,649$3,270,717$12,165,712
88$15,546,276$4,831,087$3,338,088$13,282,411
89$17,088,469$5,024,283$3,406,387$14,508,756
90$18,786,594$5,225,575$3,475,602$15,855,777
91$20,656,514$5,435,315$3,545,722$17,335,623
92$22,715,706$5,653,874$3,616,732$18,961,676
93$24,983,432$5,881,637$3,688,616$20,748,679
94$27,480,913$6,119,008$3,761,356$22,712,868
95$30,231,537$6,366,410$3,834,931$24,872,131
96$33,261,072$6,624,283$3,909,320$27,246,172
97$36,597,917$6,893,088$3,984,498$29,856,699
98$40,273,362$7,173,307$4,060,436$32,727,624
99$44,321,890$7,465,444$4,137,106$35,885,293
100$48,781,499$7,770,027$4,214,475$39,358,726