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

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 $2,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$173,416$171,871$170,364$168,893$167,457$161,515
2 years$85,850$84,251$82,701$81,199$79,741$73,819
3 years$56,665$55,059$53,513$52,025$50,591$44,874
4 years$42,075$40,474$38,944$37,481$36,082$30,613
5 years$33,323$31,732$30,222$28,789$27,429$22,223
6 years$27,491$25,912$24,424$23,023$21,704$16,765
7 years$23,327$21,761$20,296$18,928$17,651$12,978
8 years$20,205$18,653$17,213$15,878$14,643$10,232
9 years$17,778$16,241$14,825$13,525$12,332$8,177
10 years$15,837$14,315$12,925$11,659$10,507$6,602
11 years$14,251$12,744$11,379$10,146$9,037$5,372
12 years$12,930$11,438$10,099$8,900$7,831$4,399
13 years$11,813$10,337$9,023$7,857$6,829$3,620
14 years$10,856$9,396$8,107$6,975$5,986$2,990
15 years$10,028$8,583$7,319$6,220$5,271$2,479
16 years$9,304$7,875$6,636$5,570$4,658$2,060
17 years$8,666$7,253$6,039$5,004$4,130$1,715
18 years$8,099$6,702$5,512$4,510$3,672$1,431
19 years$7,592$6,211$5,046$4,075$3,273$1,196
20 years$7,137$5,772$4,631$3,691$2,924$1,000
21 years$6,726$5,376$4,260$3,350$2,616$838
22 years$6,352$5,018$3,926$3,045$2,345$702
23 years$6,012$4,694$3,625$2,774$2,105$589
24 years$5,700$4,398$3,353$2,530$1,892$494
25 years$5,414$4,127$3,105$2,310$1,703$415
26 years$5,150$3,879$2,880$2,112$1,534$348
27 years$4,906$3,650$2,674$1,934$1,383$293
28 years$4,680$3,440$2,486$1,772$1,248$246
29 years$4,470$3,245$2,313$1,625$1,127$207
30 years$4,275$3,064$2,155$1,491$1,018$174
31 years$4,092$2,897$2,009$1,369$920$146
32 years$3,921$2,741$1,874$1,258$833$123
33 years$3,761$2,596$1,750$1,157$753$103
34 years$3,610$2,460$1,635$1,065$682$87
35 years$3,469$2,334$1,529$980$618$73
36 years$3,335$2,215$1,430$903$560$62
37 years$3,209$2,104$1,339$832$507$52
38 years$3,090$1,999$1,254$767$460$44
39 years$2,978$1,901$1,174$707$417$37
40 years$2,871$1,809$1,101$652$378$31
41 years$2,770$1,722$1,032$602$343$26
42 years$2,674$1,640$968$555$311$22
43 years$2,582$1,562$909$512$283$18
44 years$2,495$1,489$853$473$257$16
45 years$2,412$1,420$801$437$233$13
46 years$2,333$1,355$752$404$211$11
47 years$2,258$1,293$707$373$192$9
48 years$2,185$1,234$664$345$174$8
49 years$2,116$1,179$624$318$158$7
50 years$2,050$1,126$587$294$144$6

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 $6,695 every year, while hoping to spend $46,516 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: 68/8/24 Blend
66$2,100,000$2,100,000$2,100,000$2,100,000
67$2,321,106$2,209,806$2,177,256$2,464,276
68$2,508,366$2,268,594$2,200,701$2,619,936
69$2,713,168$2,328,703$2,223,373$2,784,201
70$2,937,251$2,390,150$2,245,196$2,962,821
71$3,182,532$2,452,949$2,266,092$3,157,212
72$3,451,121$2,517,113$2,285,976$3,368,938
73$3,745,340$2,582,657$2,304,762$3,599,718
74$4,067,750$2,649,592$2,322,356$3,851,448
75$4,421,168$2,717,930$2,338,662$4,126,217
76$4,808,697$2,787,678$2,353,577$4,426,326
77$5,233,756$2,858,846$2,366,994$4,754,311
78$5,700,110$2,931,441$2,378,800$5,112,966
79$6,211,906$3,005,466$2,388,874$5,505,370
80$6,773,713$3,080,926$2,397,094$5,934,915
81$7,390,561$3,157,822$2,403,327$6,405,340
82$8,067,996$3,236,152$2,407,435$6,920,765
83$8,812,122$3,315,914$2,409,275$7,485,728
84$9,629,666$3,397,102$2,408,693$8,105,234
85$10,528,039$3,479,707$2,405,532$8,784,795
86$11,515,405$3,563,719$2,399,623$9,530,487
87$12,600,757$3,649,122$2,390,791$10,349,005
88$13,794,005$3,735,900$2,378,854$11,247,727
89$15,106,066$3,824,031$2,363,617$12,234,785
90$16,548,966$3,913,490$2,344,880$13,319,140
91$18,135,958$4,004,248$2,322,431$14,510,667
92$19,881,642$4,096,272$2,296,048$15,820,250
93$21,802,103$4,189,523$2,265,499$17,259,882
94$23,915,066$4,283,959$2,230,542$18,842,782
95$26,240,060$4,379,529$2,190,922$20,583,516
96$28,798,601$4,476,181$2,146,373$22,498,138
97$31,614,398$4,573,854$2,096,617$24,604,341
98$34,713,574$4,672,480$2,041,361$26,921,623
99$38,124,913$4,771,986$1,980,301$29,471,470
100$41,880,131$4,872,291$1,913,118$32,277,565