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

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 $2,060,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$170,113$168,598$167,119$165,676$164,267$162,013
2 years$84,214$82,646$81,126$79,652$78,223$75,956
3 years$55,585$54,010$52,494$51,034$49,628$47,418
4 years$41,273$39,703$38,202$36,767$35,395$33,260
5 years$32,689$31,128$29,646$28,241$26,907$24,853
6 years$26,967$25,418$23,959$22,584$21,290$19,320
7 years$22,882$21,346$19,910$18,568$17,315$15,428
8 years$19,820$18,298$16,885$15,576$14,364$12,561
9 years$17,439$15,931$14,543$13,267$12,097$10,377
10 years$15,536$14,043$12,679$11,437$10,307$8,668
11 years$13,980$12,501$11,162$9,953$8,864$7,306
12 years$12,684$11,221$9,906$8,730$7,682$6,201
13 years$11,588$10,140$8,851$7,708$6,699$5,295
14 years$10,649$9,217$7,952$6,842$5,872$4,542
15 years$9,837$8,420$7,180$6,102$5,170$3,912
16 years$9,127$7,725$6,510$5,463$4,569$3,381
17 years$8,501$7,115$5,924$4,909$4,052$2,930
18 years$7,945$6,574$5,407$4,424$3,602$2,545
19 years$7,448$6,093$4,950$3,997$3,211$2,216
20 years$7,001$5,662$4,543$3,620$2,868$1,932
21 years$6,598$5,274$4,179$3,286$2,567$1,688
22 years$6,231$4,923$3,851$2,987$2,301$1,476
23 years$5,897$4,604$3,556$2,721$2,065$1,292
24 years$5,592$4,314$3,289$2,481$1,856$1,133
25 years$5,311$4,048$3,046$2,266$1,670$994
26 years$5,052$3,805$2,825$2,072$1,505$872
27 years$4,813$3,581$2,623$1,897$1,356$766
28 years$4,591$3,374$2,439$1,738$1,224$673
29 years$4,385$3,183$2,269$1,594$1,105$592
30 years$4,193$3,006$2,114$1,462$999$521
31 years$4,014$2,842$1,971$1,343$903$459
32 years$3,846$2,689$1,839$1,234$817$404
33 years$3,689$2,546$1,717$1,135$739$356
34 years$3,542$2,413$1,604$1,044$669$313
35 years$3,403$2,289$1,500$961$606$276
36 years$3,272$2,173$1,403$885$549$243
37 years$3,148$2,064$1,313$816$498$214
38 years$3,032$1,961$1,230$752$451$189
39 years$2,921$1,865$1,152$693$409$167
40 years$2,816$1,774$1,080$640$371$147
41 years$2,717$1,689$1,013$590$337$130
42 years$2,623$1,608$950$545$306$114
43 years$2,533$1,533$891$503$277$101
44 years$2,448$1,461$837$464$252$89
45 years$2,366$1,393$786$429$228$78
46 years$2,289$1,329$738$396$207$69
47 years$2,215$1,268$693$366$188$61
48 years$2,144$1,211$651$338$171$54
49 years$2,076$1,156$612$312$155$48
50 years$2,011$1,104$576$289$141$42

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 $3,901 every year, while hoping to spend $39,154 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: 27/48/25 Blend
66$2,060,000$2,060,000$2,060,000$2,060,000
67$2,274,144$2,164,964$2,133,034$2,317,635
68$2,464,447$2,229,388$2,162,831$2,417,110
69$2,672,849$2,295,656$2,192,314$2,520,181
70$2,901,154$2,363,817$2,221,431$2,630,035
71$3,151,350$2,433,923$2,250,127$2,747,276
72$3,425,626$2,506,023$2,278,345$2,872,564
73$3,726,392$2,580,171$2,306,022$3,006,628
74$4,056,304$2,656,419$2,333,093$3,150,268
75$4,418,286$2,734,823$2,359,491$3,304,365
76$4,815,561$2,815,438$2,385,143$3,469,886
77$5,251,675$2,898,322$2,409,973$3,647,896
78$5,730,538$2,983,532$2,433,899$3,839,567
79$6,256,456$3,071,128$2,456,838$4,046,188
80$6,834,171$3,161,170$2,478,699$4,269,178
81$7,468,910$3,253,721$2,499,388$4,510,098
82$8,166,428$3,348,842$2,518,807$4,770,667
83$8,933,067$3,446,599$2,536,851$5,052,778
84$9,775,814$3,547,056$2,553,409$5,358,513
85$10,702,365$3,650,280$2,568,367$5,690,168
86$11,721,202$3,756,339$2,581,602$6,050,267
87$12,841,666$3,865,302$2,592,987$6,441,592
88$14,074,052$3,977,237$2,602,389$6,867,208
89$15,429,701$4,092,218$2,609,665$7,330,488
90$16,921,110$4,210,316$2,614,667$7,835,149
91$18,562,046$4,331,604$2,617,241$8,385,283
92$20,367,679$4,456,157$2,617,224$8,985,401
93$22,354,725$4,584,051$2,614,443$9,640,469
94$24,541,600$4,715,363$2,608,720$10,355,961
95$26,948,597$4,850,169$2,599,866$11,137,903
96$29,598,075$4,988,550$2,587,683$11,992,939
97$32,514,674$5,130,583$2,571,965$12,928,385
98$35,725,540$5,276,351$2,552,495$13,952,304
99$39,260,586$5,425,934$2,529,045$15,073,579
100$43,152,775$5,579,414$2,501,378$16,301,997