Can I retire at age 67 with 2,060,000?

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 $2,060,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$170,113$168,598$167,119$165,676$164,267$159,456
2 years$84,214$82,646$81,126$79,652$78,223$73,414
3 years$55,585$54,010$52,494$51,034$49,628$44,973
4 years$41,273$39,703$38,202$36,767$35,395$30,930
5 years$32,689$31,128$29,646$28,241$26,907$22,643
6 years$26,967$25,418$23,959$22,584$21,290$17,232
7 years$22,882$21,346$19,910$18,568$17,315$13,462
8 years$19,820$18,298$16,885$15,576$14,364$10,714
9 years$17,439$15,931$14,543$13,267$12,097$8,646
10 years$15,536$14,043$12,679$11,437$10,307$7,051
11 years$13,980$12,501$11,162$9,953$8,864$5,798
12 years$12,684$11,221$9,906$8,730$7,682$4,798
13 years$11,588$10,140$8,851$7,708$6,699$3,991
14 years$10,649$9,217$7,952$6,842$5,872$3,334
15 years$9,837$8,420$7,180$6,102$5,170$2,795
16 years$9,127$7,725$6,510$5,463$4,569$2,350
17 years$8,501$7,115$5,924$4,909$4,052$1,980
18 years$7,945$6,574$5,407$4,424$3,602$1,672
19 years$7,448$6,093$4,950$3,997$3,211$1,414
20 years$7,001$5,662$4,543$3,620$2,868$1,197
21 years$6,598$5,274$4,179$3,286$2,567$1,015
22 years$6,231$4,923$3,851$2,987$2,301$861
23 years$5,897$4,604$3,556$2,721$2,065$732
24 years$5,592$4,314$3,289$2,481$1,856$622
25 years$5,311$4,048$3,046$2,266$1,670$529
26 years$5,052$3,805$2,825$2,072$1,505$450
27 years$4,813$3,581$2,623$1,897$1,356$383
28 years$4,591$3,374$2,439$1,738$1,224$326
29 years$4,385$3,183$2,269$1,594$1,105$278
30 years$4,193$3,006$2,114$1,462$999$237
31 years$4,014$2,842$1,971$1,343$903$202
32 years$3,846$2,689$1,839$1,234$817$172
33 years$3,689$2,546$1,717$1,135$739$147
34 years$3,542$2,413$1,604$1,044$669$125
35 years$3,403$2,289$1,500$961$606$107
36 years$3,272$2,173$1,403$885$549$91
37 years$3,148$2,064$1,313$816$498$77
38 years$3,032$1,961$1,230$752$451$66
39 years$2,921$1,865$1,152$693$409$56
40 years$2,816$1,774$1,080$640$371$48
41 years$2,717$1,689$1,013$590$337$41
42 years$2,623$1,608$950$545$306$35
43 years$2,533$1,533$891$503$277$30
44 years$2,448$1,461$837$464$252$25
45 years$2,366$1,393$786$429$228$22
46 years$2,289$1,329$738$396$207$19
47 years$2,215$1,268$693$366$188$16
48 years$2,144$1,211$651$338$171$13
49 years$2,076$1,156$612$312$155$12
50 years$2,011$1,104$576$289$141$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,060,000, adding $2,053 every year, while hoping to spend $22,577 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: 49/30/21 Blend
66$2,060,000$2,060,000$2,060,000$2,060,000
67$2,272,238$2,163,058$2,131,128$2,370,055
68$2,479,984$2,245,026$2,178,499$2,520,185
69$2,708,164$2,330,254$2,226,700$2,680,734
70$2,958,838$2,418,877$2,275,735$2,854,681
71$3,234,275$2,511,038$2,325,609$3,043,297
72$3,536,977$2,606,884$2,376,322$3,247,978
73$3,869,697$2,706,570$2,427,877$3,470,263
74$4,235,472$2,810,258$2,480,277$3,711,840
75$4,637,644$2,918,114$2,533,520$3,974,568
76$5,079,897$3,030,315$2,587,606$4,260,492
77$5,566,290$3,147,045$2,642,535$4,571,860
78$6,101,295$3,268,493$2,698,303$4,911,148
79$6,689,839$3,394,861$2,754,908$5,281,077
80$7,337,350$3,526,357$2,812,345$5,684,643
81$8,049,809$3,663,198$2,870,608$6,125,145
82$8,833,807$3,805,611$2,929,691$6,606,210
83$9,696,604$3,953,835$2,989,584$7,131,832
84$10,646,202$4,108,117$3,050,279$7,706,408
85$11,691,416$4,268,716$3,111,765$8,334,776
86$12,841,959$4,435,903$3,174,028$9,022,266
87$14,108,536$4,609,959$3,237,055$9,774,741
88$15,502,939$4,791,179$3,300,829$10,598,660
89$17,038,165$4,979,873$3,365,332$11,501,133
90$18,728,532$5,176,361$3,430,545$12,489,990
91$20,589,820$5,380,980$3,496,446$13,573,852
92$22,639,414$5,594,081$3,563,010$14,762,212
93$24,896,475$5,816,031$3,630,211$16,065,527
94$27,382,112$6,047,214$3,698,020$17,495,310
95$30,119,590$6,288,030$3,766,407$19,064,241
96$33,134,543$6,538,898$3,835,335$20,786,289
97$36,455,217$6,800,255$3,904,770$22,676,835
98$40,112,740$7,072,558$3,974,671$24,752,822
99$44,141,412$7,356,286$4,044,995$27,032,914
100$48,579,029$7,651,937$4,115,695$29,537,666