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

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 $2,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$170,939$169,416$167,930$166,481$165,065$163,477
2 years$84,623$83,047$81,520$80,039$78,602$77,003
3 years$55,855$54,272$52,749$51,282$49,868$48,307
4 years$41,474$39,896$38,387$36,945$35,567$34,055
5 years$32,847$31,279$29,790$28,378$27,037$25,580
6 years$27,098$25,541$24,075$22,694$21,394$19,993
7 years$22,993$21,450$20,006$18,658$17,399$16,054
8 years$19,916$18,386$16,967$15,652$14,434$13,146
9 years$17,524$16,009$14,614$13,332$12,155$10,924
10 years$15,611$14,111$12,741$11,492$10,357$9,181
11 years$14,047$12,562$11,217$10,002$8,907$7,786
12 years$12,745$11,275$9,954$8,773$7,719$6,651
13 years$11,644$10,189$8,894$7,745$6,731$5,716
14 years$10,701$9,262$7,991$6,875$5,900$4,936
15 years$9,885$8,461$7,215$6,131$5,195$4,280
16 years$9,171$7,763$6,541$5,490$4,592$3,725
17 years$8,542$7,149$5,952$4,933$4,071$3,251
18 years$7,983$6,606$5,434$4,445$3,620$2,844
19 years$7,484$6,122$4,974$4,017$3,226$2,494
20 years$7,035$5,689$4,565$3,638$2,882$2,191
21 years$6,630$5,299$4,199$3,302$2,579$1,928
22 years$6,262$4,947$3,870$3,002$2,312$1,699
23 years$5,926$4,627$3,573$2,734$2,075$1,499
24 years$5,619$4,335$3,305$2,494$1,865$1,324
25 years$5,337$4,068$3,061$2,277$1,678$1,171
26 years$5,077$3,823$2,839$2,082$1,512$1,036
27 years$4,836$3,598$2,636$1,906$1,363$917
28 years$4,614$3,391$2,451$1,746$1,230$813
29 years$4,407$3,199$2,280$1,601$1,111$721
30 years$4,214$3,021$2,124$1,470$1,003$639
31 years$4,034$2,856$1,980$1,350$907$567
32 years$3,865$2,702$1,848$1,240$821$503
33 years$3,707$2,559$1,725$1,141$743$447
34 years$3,559$2,425$1,612$1,050$672$397
35 years$3,419$2,300$1,507$966$609$353
36 years$3,288$2,183$1,410$890$552$314
37 years$3,164$2,074$1,320$820$500$279
38 years$3,046$1,971$1,236$756$453$248
39 years$2,935$1,874$1,158$697$411$220
40 years$2,830$1,783$1,085$643$373$196
41 years$2,730$1,697$1,017$593$338$174
42 years$2,635$1,616$954$547$307$155
43 years$2,545$1,540$896$505$279$138
44 years$2,459$1,468$841$466$253$123
45 years$2,378$1,400$789$431$230$109
46 years$2,300$1,335$741$398$208$97
47 years$2,225$1,274$697$368$189$87
48 years$2,154$1,217$655$340$172$77
49 years$2,086$1,162$615$314$156$69
50 years$2,021$1,110$578$290$142$61

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 $2,395 every year, while hoping to spend $53,036 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: 60/26/14 Blend
66$2,070,000$2,070,000$2,070,000$2,070,000
67$2,283,610$2,173,900$2,141,815$2,412,538
68$2,460,109$2,223,992$2,157,136$2,549,749
69$2,652,832$2,274,760$2,171,193$2,693,198
70$2,863,380$2,326,182$2,183,887$2,848,418
71$3,093,513$2,378,233$2,195,115$3,016,551
72$3,345,168$2,430,883$2,204,768$3,198,855
73$3,620,480$2,484,101$2,212,732$3,396,717
74$3,921,798$2,537,851$2,218,888$3,611,661
75$4,251,709$2,592,093$2,223,108$3,845,372
76$4,613,062$2,646,785$2,225,262$4,099,701
77$5,008,996$2,701,878$2,225,209$4,376,690
78$5,442,965$2,757,322$2,222,805$4,678,588
79$5,918,774$2,813,058$2,217,896$5,007,875
80$6,440,616$2,869,025$2,210,323$5,367,283
81$7,013,107$2,925,155$2,199,917$5,759,820
82$7,641,332$2,981,376$2,186,502$6,188,804
83$8,330,892$3,037,607$2,169,894$6,657,890
84$9,087,957$3,093,763$2,149,898$7,171,107
85$9,919,322$3,149,751$2,126,314$7,732,893
86$10,832,475$3,205,471$2,098,927$8,348,141
87$11,835,663$3,260,815$2,067,517$9,022,243
88$12,937,972$3,315,666$2,031,850$9,761,141
89$14,149,411$3,369,900$1,991,684$10,571,385
90$15,481,008$3,423,382$1,946,762$11,460,191
91$16,944,911$3,475,968$1,896,818$12,435,516
92$18,554,504$3,527,503$1,841,574$13,506,127
93$20,324,534$3,577,821$1,780,738$14,681,687
94$22,271,248$3,626,745$1,714,003$15,972,845
95$24,412,545$3,674,086$1,641,052$17,391,340
96$26,768,148$3,719,639$1,561,551$18,950,108
97$29,359,786$3,763,188$1,475,150$20,663,409
98$32,211,402$3,804,502$1,381,485$22,546,956
99$35,349,375$3,843,333$1,280,175$24,618,071
100$38,802,773$3,879,418$1,170,822$26,895,843