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%15.4%
1 years$170,939$169,416$167,930$166,481$165,065$161,402
2 years$84,623$83,047$81,520$80,039$78,602$74,931
3 years$55,855$54,272$52,749$51,282$49,868$46,304
4 years$41,474$39,896$38,387$36,945$35,567$32,136
5 years$32,847$31,279$29,790$28,378$27,037$23,750
6 years$27,098$25,541$24,075$22,694$21,394$18,253
7 years$22,993$21,450$20,006$18,658$17,399$14,405
8 years$19,916$18,386$16,967$15,652$14,434$11,587
9 years$17,524$16,009$14,614$13,332$12,155$9,453
10 years$15,611$14,111$12,741$11,492$10,357$7,796
11 years$14,047$12,562$11,217$10,002$8,907$6,484
12 years$12,745$11,275$9,954$8,773$7,719$5,430
13 years$11,644$10,189$8,894$7,745$6,731$4,572
14 years$10,701$9,262$7,991$6,875$5,900$3,867
15 years$9,885$8,461$7,215$6,131$5,195$3,283
16 years$9,171$7,763$6,541$5,490$4,592$2,795
17 years$8,542$7,149$5,952$4,933$4,071$2,386
18 years$7,983$6,606$5,434$4,445$3,620$2,042
19 years$7,484$6,122$4,974$4,017$3,226$1,750
20 years$7,035$5,689$4,565$3,638$2,882$1,502
21 years$6,630$5,299$4,199$3,302$2,579$1,292
22 years$6,262$4,947$3,870$3,002$2,312$1,111
23 years$5,926$4,627$3,573$2,734$2,075$957
24 years$5,619$4,335$3,305$2,494$1,865$825
25 years$5,337$4,068$3,061$2,277$1,678$712
26 years$5,077$3,823$2,839$2,082$1,512$615
27 years$4,836$3,598$2,636$1,906$1,363$531
28 years$4,614$3,391$2,451$1,746$1,230$459
29 years$4,407$3,199$2,280$1,601$1,111$397
30 years$4,214$3,021$2,124$1,470$1,003$343
31 years$4,034$2,856$1,980$1,350$907$297
32 years$3,865$2,702$1,848$1,240$821$257
33 years$3,707$2,559$1,725$1,141$743$222
34 years$3,559$2,425$1,612$1,050$672$192
35 years$3,419$2,300$1,507$966$609$166
36 years$3,288$2,183$1,410$890$552$144
37 years$3,164$2,074$1,320$820$500$125
38 years$3,046$1,971$1,236$756$453$108
39 years$2,935$1,874$1,158$697$411$94
40 years$2,830$1,783$1,085$643$373$81
41 years$2,730$1,697$1,017$593$338$70
42 years$2,635$1,616$954$547$307$61
43 years$2,545$1,540$896$505$279$53
44 years$2,459$1,468$841$466$253$46
45 years$2,378$1,400$789$431$230$40
46 years$2,300$1,335$741$398$208$34
47 years$2,225$1,274$697$368$189$30
48 years$2,154$1,217$655$340$172$26
49 years$2,086$1,162$615$314$156$22
50 years$2,021$1,110$578$290$142$19

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 $6,102 every year, while hoping to spend $26,850 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: 89/5/6 Blend
66$2,070,000$2,070,000$2,070,000$2,070,000
67$2,287,434$2,177,724$2,145,639$2,490,143
68$2,492,184$2,255,865$2,188,950$2,701,062
69$2,716,919$2,336,934$2,232,812$2,928,535
70$2,963,648$2,421,047$2,277,215$3,177,776
71$3,234,587$2,508,325$2,322,147$3,450,962
72$3,532,173$2,598,891$2,367,598$3,750,492
73$3,859,095$2,692,877$2,413,552$4,079,006
74$4,218,311$2,790,416$2,459,995$4,439,414
75$4,613,084$2,891,652$2,506,910$4,834,922
76$5,047,005$2,996,730$2,554,278$5,269,058
77$5,524,033$3,105,803$2,602,080$5,745,713
78$6,048,529$3,219,031$2,650,294$6,269,169
79$6,625,296$3,336,581$2,698,895$6,844,147
80$7,259,627$3,458,624$2,747,860$7,475,844
81$7,957,354$3,585,342$2,797,158$8,169,989
82$8,724,903$3,716,923$2,846,762$8,932,891
83$9,569,352$3,853,561$2,896,638$9,771,502
84$10,498,503$3,995,462$2,946,751$10,693,481
85$11,520,948$4,142,838$2,997,066$11,707,266
86$12,646,159$4,295,911$3,047,542$12,822,153
87$13,884,568$4,454,912$3,098,135$14,048,387
88$15,247,673$4,620,081$3,148,802$15,397,252
89$16,748,141$4,791,671$3,199,492$16,881,184
90$18,399,931$4,969,942$3,250,155$18,513,883
91$20,218,423$5,155,169$3,300,734$20,310,445
92$22,220,565$5,347,634$3,351,171$22,287,503
93$24,425,031$5,547,637$3,401,404$24,463,384
94$26,852,399$5,755,485$3,451,365$26,858,284
95$29,525,342$5,971,503$3,500,984$29,494,452
96$32,468,847$6,196,026$3,550,187$32,396,408
97$35,710,444$6,429,407$3,598,894$35,591,167
98$39,280,473$6,672,011$3,647,020$39,108,499
99$43,212,362$6,924,221$3,694,476$42,981,207
100$47,542,951$7,186,435$3,741,169$47,245,434