Can I retire at age 67 with 2,100,000?

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 $2,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$173,416$171,871$170,364$168,893$167,457$160,876
2 years$85,850$84,251$82,701$81,199$79,741$73,192
3 years$56,665$55,059$53,513$52,025$50,591$44,279
4 years$42,075$40,474$38,944$37,481$36,082$30,056
5 years$33,323$31,732$30,222$28,789$27,429$21,704
6 years$27,491$25,912$24,424$23,023$21,704$16,283
7 years$23,327$21,761$20,296$18,928$17,651$12,533
8 years$20,205$18,653$17,213$15,878$14,643$9,823
9 years$17,778$16,241$14,825$13,525$12,332$7,802
10 years$15,837$14,315$12,925$11,659$10,507$6,259
11 years$14,251$12,744$11,379$10,146$9,037$5,060
12 years$12,930$11,438$10,099$8,900$7,831$4,116
13 years$11,813$10,337$9,023$7,857$6,829$3,364
14 years$10,856$9,396$8,107$6,975$5,986$2,760
15 years$10,028$8,583$7,319$6,220$5,271$2,271
16 years$9,304$7,875$6,636$5,570$4,658$1,874
17 years$8,666$7,253$6,039$5,004$4,130$1,549
18 years$8,099$6,702$5,512$4,510$3,672$1,283
19 years$7,592$6,211$5,046$4,075$3,273$1,064
20 years$7,137$5,772$4,631$3,691$2,924$883
21 years$6,726$5,376$4,260$3,350$2,616$734
22 years$6,352$5,018$3,926$3,045$2,345$610
23 years$6,012$4,694$3,625$2,774$2,105$508
24 years$5,700$4,398$3,353$2,530$1,892$423
25 years$5,414$4,127$3,105$2,310$1,703$352
26 years$5,150$3,879$2,880$2,112$1,534$293
27 years$4,906$3,650$2,674$1,934$1,383$244
28 years$4,680$3,440$2,486$1,772$1,248$204
29 years$4,470$3,245$2,313$1,625$1,127$170
30 years$4,275$3,064$2,155$1,491$1,018$142
31 years$4,092$2,897$2,009$1,369$920$118
32 years$3,921$2,741$1,874$1,258$833$99
33 years$3,761$2,596$1,750$1,157$753$82
34 years$3,610$2,460$1,635$1,065$682$69
35 years$3,469$2,334$1,529$980$618$57
36 years$3,335$2,215$1,430$903$560$48
37 years$3,209$2,104$1,339$832$507$40
38 years$3,090$1,999$1,254$767$460$33
39 years$2,978$1,901$1,174$707$417$28
40 years$2,871$1,809$1,101$652$378$23
41 years$2,770$1,722$1,032$602$343$19
42 years$2,674$1,640$968$555$311$16
43 years$2,582$1,562$909$512$283$13
44 years$2,495$1,489$853$473$257$11
45 years$2,412$1,420$801$437$233$9
46 years$2,333$1,355$752$404$211$8
47 years$2,258$1,293$707$373$192$7
48 years$2,185$1,234$664$345$174$5
49 years$2,116$1,179$624$318$158$5
50 years$2,050$1,126$587$294$144$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,100,000, adding $4,786 every year, while hoping to spend $41,225 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: 46/35/19 Blend
66$2,100,000$2,100,000$2,100,000$2,100,000
67$2,319,137$2,207,837$2,175,287$2,413,027
68$2,511,826$2,272,158$2,204,296$2,543,453
69$2,722,787$2,338,249$2,232,895$2,680,372
70$2,953,841$2,406,153$2,261,027$2,828,054
71$3,206,993$2,475,914$2,288,631$2,987,519
72$3,484,450$2,547,578$2,315,644$3,159,889
73$3,788,643$2,621,188$2,341,997$3,346,402
74$4,122,251$2,696,792$2,367,620$3,548,418
75$4,488,222$2,774,437$2,392,437$3,767,433
76$4,889,805$2,854,169$2,416,368$4,005,098
77$5,330,580$2,936,037$2,439,331$4,263,227
78$5,814,486$3,020,091$2,461,236$4,543,819
79$6,345,867$3,106,379$2,481,991$4,849,076
80$6,929,506$3,194,951$2,501,498$5,181,421
81$7,570,671$3,285,859$2,519,653$5,543,523
82$8,275,167$3,379,154$2,536,349$5,938,323
83$9,049,388$3,474,887$2,551,472$6,369,060
84$9,900,381$3,573,111$2,564,900$6,839,300
85$10,835,904$3,673,879$2,576,510$7,352,972
86$11,864,511$3,777,243$2,586,167$7,914,404
87$12,995,620$3,883,257$2,593,733$8,528,366
88$14,239,612$3,991,976$2,599,062$9,200,108
89$15,607,923$4,103,452$2,602,000$9,935,418
90$17,113,150$4,217,741$2,602,386$10,740,672
91$18,769,177$4,334,896$2,600,052$11,622,893
92$20,591,300$4,454,972$2,594,820$12,589,820
93$22,596,370$4,578,023$2,586,504$13,649,980
94$24,802,957$4,704,104$2,574,910$14,812,769
95$27,231,522$4,833,268$2,559,832$16,088,536
96$29,904,608$4,965,569$2,541,057$17,488,690
97$32,847,056$5,101,060$2,518,361$19,025,796
98$36,086,237$5,239,794$2,491,508$20,713,704
99$39,652,312$5,381,822$2,460,252$22,567,674
100$43,578,512$5,527,196$2,424,335$24,604,519