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%13%
1 years$173,416$171,871$170,364$168,893$167,457$165,364
2 years$85,850$84,251$82,701$81,199$79,741$77,636
3 years$56,665$55,059$53,513$52,025$50,591$48,538
4 years$42,075$40,474$38,944$37,481$36,082$34,097
5 years$33,323$31,732$30,222$28,789$27,429$25,518
6 years$27,491$25,912$24,424$23,023$21,704$19,869
7 years$23,327$21,761$20,296$18,928$17,651$15,893
8 years$20,205$18,653$17,213$15,878$14,643$12,962
9 years$17,778$16,241$14,825$13,525$12,332$10,727
10 years$15,837$14,315$12,925$11,659$10,507$8,978
11 years$14,251$12,744$11,379$10,146$9,037$7,581
12 years$12,930$11,438$10,099$8,900$7,831$6,447
13 years$11,813$10,337$9,023$7,857$6,829$5,515
14 years$10,856$9,396$8,107$6,975$5,986$4,741
15 years$10,028$8,583$7,319$6,220$5,271$4,091
16 years$9,304$7,875$6,636$5,570$4,658$3,543
17 years$8,666$7,253$6,039$5,004$4,130$3,077
18 years$8,099$6,702$5,512$4,510$3,672$2,679
19 years$7,592$6,211$5,046$4,075$3,273$2,337
20 years$7,137$5,772$4,631$3,691$2,924$2,043
21 years$6,726$5,376$4,260$3,350$2,616$1,788
22 years$6,352$5,018$3,926$3,045$2,345$1,568
23 years$6,012$4,694$3,625$2,774$2,105$1,376
24 years$5,700$4,398$3,353$2,530$1,892$1,209
25 years$5,414$4,127$3,105$2,310$1,703$1,063
26 years$5,150$3,879$2,880$2,112$1,534$935
27 years$4,906$3,650$2,674$1,934$1,383$823
28 years$4,680$3,440$2,486$1,772$1,248$725
29 years$4,470$3,245$2,313$1,625$1,127$640
30 years$4,275$3,064$2,155$1,491$1,018$564
31 years$4,092$2,897$2,009$1,369$920$498
32 years$3,921$2,741$1,874$1,258$833$439
33 years$3,761$2,596$1,750$1,157$753$388
34 years$3,610$2,460$1,635$1,065$682$342
35 years$3,469$2,334$1,529$980$618$302
36 years$3,335$2,215$1,430$903$560$267
37 years$3,209$2,104$1,339$832$507$236
38 years$3,090$1,999$1,254$767$460$209
39 years$2,978$1,901$1,174$707$417$185
40 years$2,871$1,809$1,101$652$378$163
41 years$2,770$1,722$1,032$602$343$144
42 years$2,674$1,640$968$555$311$128
43 years$2,582$1,562$909$512$283$113
44 years$2,495$1,489$853$473$257$100
45 years$2,412$1,420$801$437$233$88
46 years$2,333$1,355$752$404$211$78
47 years$2,258$1,293$707$373$192$69
48 years$2,185$1,234$664$345$174$61
49 years$2,116$1,179$624$318$158$54
50 years$2,050$1,126$587$294$144$48

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 $6,825 every year, while hoping to spend $29,851 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: 55/35/10 Blend
66$2,100,000$2,100,000$2,100,000$2,100,000
67$2,321,240$2,209,940$2,177,390$2,442,777
68$2,526,245$2,286,466$2,218,571$2,602,355
69$2,751,161$2,365,741$2,260,132$2,772,154
70$2,997,985$2,447,869$2,302,052$2,956,319
71$3,268,921$2,532,956$2,344,313$3,156,223
72$3,566,395$2,621,114$2,386,891$3,373,374
73$3,893,079$2,712,460$2,429,763$3,609,432
74$4,251,916$2,807,114$2,472,903$3,866,223
75$4,646,149$2,905,200$2,516,283$4,145,756
76$5,079,351$3,006,849$2,559,873$4,450,240
77$5,555,457$3,112,197$2,603,642$4,782,108
78$6,078,803$3,221,385$2,647,553$5,144,036
79$6,654,167$3,334,558$2,691,572$5,538,970
80$7,286,810$3,451,870$2,735,658$5,970,150
81$7,982,531$3,573,479$2,779,769$6,441,145
82$8,747,719$3,699,548$2,823,861$6,955,884
83$9,589,411$3,830,251$2,867,885$7,518,689
84$10,515,363$3,965,766$2,911,791$8,134,322
85$11,534,119$4,106,277$2,955,525$8,808,024
86$12,655,093$4,251,978$2,999,029$9,545,567
87$13,888,657$4,403,070$3,042,241$10,353,304
88$15,246,242$4,559,762$3,085,098$11,238,232
89$16,740,440$4,722,271$3,127,530$12,208,059
90$18,385,127$4,890,825$3,169,464$13,271,269
91$20,195,593$5,065,658$3,210,824$14,437,209
92$22,188,684$5,247,017$3,251,528$15,716,170
93$24,382,965$5,435,155$3,291,489$17,119,491
94$26,798,890$5,630,341$3,330,617$18,659,655
95$29,458,999$5,832,849$3,368,815$20,350,418
96$32,388,127$6,042,969$3,405,980$22,206,926
97$35,613,642$6,261,001$3,442,007$24,245,867
98$39,165,701$6,487,257$3,476,781$26,485,622
99$43,077,532$6,722,063$3,510,183$28,946,438
100$47,385,754$6,965,757$3,542,088$31,650,622