Can I retire at age 67 with 2,070,000?

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 $2,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$170,939$169,416$167,930$166,481$165,065$159,973
2 years$84,623$83,047$81,520$80,039$78,602$73,517
3 years$55,855$54,272$52,749$51,282$49,868$44,949
4 years$41,474$39,896$38,387$36,945$35,567$30,851
5 years$32,847$31,279$29,790$28,378$27,037$22,538
6 years$27,098$25,541$24,075$22,694$21,394$17,115
7 years$22,993$21,450$20,006$18,658$17,399$13,340
8 years$19,916$18,386$16,967$15,652$14,434$10,592
9 years$17,524$16,009$14,614$13,332$12,155$8,527
10 years$15,611$14,111$12,741$11,492$10,357$6,936
11 years$14,047$12,562$11,217$10,002$8,907$5,689
12 years$12,745$11,275$9,954$8,773$7,719$4,695
13 years$11,644$10,189$8,894$7,745$6,731$3,895
14 years$10,701$9,262$7,991$6,875$5,900$3,245
15 years$9,885$8,461$7,215$6,131$5,195$2,713
16 years$9,171$7,763$6,541$5,490$4,592$2,274
17 years$8,542$7,149$5,952$4,933$4,071$1,911
18 years$7,983$6,606$5,434$4,445$3,620$1,608
19 years$7,484$6,122$4,974$4,017$3,226$1,356
20 years$7,035$5,689$4,565$3,638$2,882$1,145
21 years$6,630$5,299$4,199$3,302$2,579$968
22 years$6,262$4,947$3,870$3,002$2,312$819
23 years$5,926$4,627$3,573$2,734$2,075$693
24 years$5,619$4,335$3,305$2,494$1,865$587
25 years$5,337$4,068$3,061$2,277$1,678$498
26 years$5,077$3,823$2,839$2,082$1,512$422
27 years$4,836$3,598$2,636$1,906$1,363$358
28 years$4,614$3,391$2,451$1,746$1,230$304
29 years$4,407$3,199$2,280$1,601$1,111$258
30 years$4,214$3,021$2,124$1,470$1,003$219
31 years$4,034$2,856$1,980$1,350$907$186
32 years$3,865$2,702$1,848$1,240$821$158
33 years$3,707$2,559$1,725$1,141$743$134
34 years$3,559$2,425$1,612$1,050$672$114
35 years$3,419$2,300$1,507$966$609$97
36 years$3,288$2,183$1,410$890$552$82
37 years$3,164$2,074$1,320$820$500$70
38 years$3,046$1,971$1,236$756$453$60
39 years$2,935$1,874$1,158$697$411$51
40 years$2,830$1,783$1,085$643$373$43
41 years$2,730$1,697$1,017$593$338$37
42 years$2,635$1,616$954$547$307$31
43 years$2,545$1,540$896$505$279$26
44 years$2,459$1,468$841$466$253$22
45 years$2,378$1,400$789$431$230$19
46 years$2,300$1,335$741$398$208$16
47 years$2,225$1,274$697$368$189$14
48 years$2,154$1,217$655$340$172$12
49 years$2,086$1,162$615$314$156$10
50 years$2,021$1,110$578$290$142$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,070,000, adding $6,593 every year, while hoping to spend $43,744 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: 49/34/17 Blend
66$2,070,000$2,070,000$2,070,000$2,070,000
67$2,287,941$2,178,231$2,146,146$2,388,905
68$2,474,767$2,238,421$2,171,498$2,519,568
69$2,679,184$2,300,094$2,196,234$2,656,398
70$2,902,939$2,363,277$2,220,286$2,804,091
71$3,147,958$2,427,996$2,243,584$2,963,685
72$3,416,359$2,494,277$2,266,054$3,136,320
73$3,710,477$2,562,146$2,287,616$3,323,252
74$4,032,883$2,631,629$2,308,189$3,525,865
75$4,386,408$2,702,750$2,327,684$3,745,681
76$4,774,172$2,775,535$2,346,012$3,984,377
77$5,199,608$2,850,007$2,363,074$4,243,799
78$5,666,501$2,926,190$2,378,770$4,525,981
79$6,179,018$3,004,107$2,392,992$4,833,163
80$6,741,749$3,083,780$2,405,629$5,167,812
81$7,359,752$3,165,229$2,416,562$5,532,646
82$8,038,597$3,248,475$2,425,667$5,930,657
83$8,784,420$3,333,537$2,432,813$6,365,145
84$9,603,984$3,420,433$2,437,865$6,839,741
85$10,504,734$3,509,178$2,440,678$7,358,449
86$11,494,877$3,599,788$2,441,100$7,925,677
87$12,583,453$3,692,276$2,438,975$8,546,285
88$13,780,420$3,786,653$2,434,136$9,225,624
89$15,096,752$3,882,928$2,426,409$9,969,594
90$16,544,537$3,981,108$2,415,610$10,784,693
91$18,137,096$4,081,198$2,401,549$11,678,080
92$19,889,104$4,183,201$2,384,025$12,657,648
93$21,816,731$4,287,116$2,362,828$13,732,089
94$23,937,792$4,392,940$2,337,738$14,910,984
95$26,271,918$4,500,664$2,308,523$16,204,891
96$28,840,737$4,610,281$2,274,942$17,625,443
97$31,668,082$4,721,774$2,236,742$19,185,459
98$34,780,212$4,835,127$2,193,659$20,899,067
99$38,206,062$4,950,317$2,145,415$22,781,834
100$41,977,515$5,067,316$2,091,720$24,850,915