Can I retire at age 67 with 2,090,000?

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 $2,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$172,590$171,053$169,553$168,089$166,660$162,433
2 years$85,441$83,849$82,307$80,812$79,362$75,131
3 years$56,395$54,797$53,258$51,777$50,350$46,248
4 years$41,874$40,281$38,758$37,302$35,910$31,967
5 years$33,165$31,581$30,078$28,652$27,298$23,526
6 years$27,360$25,788$24,308$22,913$21,600$18,002
7 years$23,215$21,657$20,200$18,838$17,567$14,144
8 years$20,108$18,564$17,131$15,803$14,573$11,323
9 years$17,693$16,163$14,755$13,461$12,273$9,193
10 years$15,762$14,247$12,864$11,603$10,457$7,544
11 years$14,183$12,683$11,325$10,098$8,993$6,243
12 years$12,868$11,384$10,051$8,857$7,794$5,200
13 years$11,757$10,288$8,980$7,820$6,796$4,355
14 years$10,804$9,351$8,068$6,942$5,957$3,664
15 years$9,980$8,543$7,284$6,191$5,245$3,093
16 years$9,259$7,838$6,604$5,543$4,636$2,619
17 years$8,624$7,218$6,010$4,980$4,111$2,223
18 years$8,060$6,670$5,486$4,488$3,655$1,891
19 years$7,556$6,182$5,022$4,056$3,258$1,611
20 years$7,103$5,744$4,609$3,673$2,910$1,375
21 years$6,694$5,351$4,240$3,334$2,604$1,174
22 years$6,322$4,995$3,907$3,031$2,334$1,004
23 years$5,983$4,671$3,608$2,760$2,095$860
24 years$5,673$4,377$3,337$2,518$1,883$737
25 years$5,388$4,107$3,090$2,299$1,695$631
26 years$5,126$3,860$2,866$2,102$1,526$542
27 years$4,883$3,633$2,662$1,924$1,376$465
28 years$4,658$3,423$2,474$1,763$1,242$399
29 years$4,449$3,229$2,302$1,617$1,121$343
30 years$4,254$3,050$2,145$1,484$1,013$294
31 years$4,072$2,883$1,999$1,363$916$253
32 years$3,902$2,728$1,865$1,252$829$217
33 years$3,743$2,584$1,742$1,152$750$187
34 years$3,593$2,449$1,627$1,060$679$161
35 years$3,452$2,322$1,522$975$615$138
36 years$3,319$2,204$1,423$898$557$119
37 years$3,194$2,094$1,332$828$505$102
38 years$3,076$1,990$1,248$763$458$88
39 years$2,964$1,892$1,169$703$415$76
40 years$2,857$1,800$1,096$649$377$65
41 years$2,757$1,714$1,027$599$342$56
42 years$2,661$1,632$964$552$310$48
43 years$2,570$1,555$904$510$281$41
44 years$2,483$1,482$849$471$255$36
45 years$2,401$1,413$797$435$232$31
46 years$2,322$1,348$749$402$210$26
47 years$2,247$1,287$703$371$191$23
48 years$2,175$1,228$661$343$174$20
49 years$2,106$1,173$621$317$158$17
50 years$2,041$1,120$584$293$143$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,090,000, adding $2,257 every year, while hoping to spend $34,268 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: 52/42/6 Blend
66$2,090,000$2,090,000$2,090,000$2,090,000
67$2,305,508$2,194,738$2,162,343$2,422,017
68$2,504,209$2,265,819$2,198,321$2,572,362
69$2,722,029$2,339,235$2,234,355$2,731,848
70$2,960,882$2,415,064$2,270,412$2,904,455
71$3,222,876$2,493,386$2,306,455$3,091,422
72$3,510,332$2,574,285$2,342,444$3,294,116
73$3,825,809$2,657,848$2,378,339$3,514,037
74$4,172,124$2,744,164$2,414,096$3,752,837
75$4,552,379$2,833,327$2,449,666$4,012,333
76$4,969,993$2,925,432$2,485,002$4,294,521
77$5,428,732$3,020,578$2,520,049$4,601,600
78$5,932,744$3,118,867$2,554,752$4,935,991
79$6,486,600$3,220,407$2,589,051$5,300,354
80$7,095,332$3,325,306$2,622,884$5,697,619
81$7,764,490$3,433,680$2,656,184$6,131,011
82$8,500,182$3,545,645$2,688,881$6,604,079
83$9,309,142$3,661,323$2,720,900$7,120,730
84$10,198,787$3,780,840$2,752,163$7,685,267
85$11,177,290$3,904,328$2,782,586$8,302,423
86$12,253,654$4,031,920$2,812,083$8,977,414
87$13,437,800$4,163,757$2,840,561$9,715,979
88$14,740,658$4,299,984$2,867,923$10,524,441
89$16,174,272$4,440,751$2,894,065$11,409,761
90$17,751,912$4,586,212$2,918,881$12,379,604
91$19,488,199$4,736,528$2,942,255$13,442,414
92$21,399,244$4,891,866$2,964,069$14,607,488
93$23,502,797$5,052,398$2,984,196$15,885,066
94$25,818,419$5,218,302$3,002,503$17,286,428
95$28,367,662$5,389,763$3,018,851$18,823,997
96$31,174,275$5,566,972$3,033,094$20,511,457
97$34,264,424$5,750,128$3,045,076$22,363,881
98$37,666,946$5,939,435$3,054,637$24,397,873
99$41,413,613$6,135,105$3,061,605$26,631,724
100$45,539,436$6,337,360$3,065,804$29,085,583