Can I retire at age 67 with 2,130,000?

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 $2,130,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$175,893$174,327$172,798$171,306$169,849$168,496
2 years$87,076$85,454$83,883$82,359$80,881$79,517
3 years$57,474$55,845$54,278$52,768$51,314$49,982
4 years$42,676$41,052$39,500$38,016$36,598$35,307
5 years$33,799$32,185$30,654$29,200$27,821$26,576
6 years$27,884$26,282$24,773$23,352$22,014$20,816
7 years$23,660$22,071$20,586$19,199$17,903$16,752
8 years$20,493$18,919$17,459$16,105$14,852$13,749
9 years$18,032$16,473$15,037$13,718$12,508$11,452
10 years$16,064$14,520$13,110$11,825$10,657$9,648
11 years$14,455$12,926$11,542$10,291$9,166$8,202
12 years$13,115$11,602$10,243$9,027$7,943$7,025
13 years$11,982$10,485$9,151$7,969$6,926$6,052
14 years$11,011$9,530$8,223$7,074$6,071$5,240
15 years$10,171$8,706$7,424$6,309$5,346$4,556
16 years$9,437$7,988$6,731$5,649$4,725$3,976
17 years$8,789$7,356$6,125$5,076$4,189$3,480
18 years$8,215$6,798$5,591$4,574$3,725$3,053
19 years$7,701$6,300$5,118$4,133$3,320$2,685
20 years$7,239$5,854$4,697$3,743$2,966$2,366
21 years$6,822$5,453$4,321$3,397$2,654$2,088
22 years$6,443$5,090$3,982$3,089$2,379$1,846
23 years$6,098$4,761$3,677$2,813$2,135$1,633
24 years$5,782$4,460$3,400$2,566$1,919$1,447
25 years$5,491$4,186$3,150$2,343$1,727$1,283
26 years$5,224$3,934$2,921$2,143$1,556$1,139
27 years$4,977$3,702$2,712$1,961$1,403$1,012
28 years$4,747$3,489$2,522$1,797$1,266$899
29 years$4,534$3,291$2,347$1,648$1,143$800
30 years$4,336$3,108$2,186$1,512$1,033$712
31 years$4,150$2,938$2,038$1,389$934$634
32 years$3,977$2,780$1,901$1,276$844$564
33 years$3,815$2,633$1,775$1,174$764$503
34 years$3,662$2,495$1,659$1,080$692$448
35 years$3,518$2,367$1,551$994$627$400
36 years$3,383$2,247$1,451$916$568$356
37 years$3,255$2,134$1,358$844$515$318
38 years$3,135$2,028$1,271$778$467$284
39 years$3,020$1,928$1,191$717$423$253
40 years$2,912$1,835$1,117$661$384$226
41 years$2,809$1,746$1,047$610$348$202
42 years$2,712$1,663$982$563$316$180
43 years$2,619$1,585$922$520$287$161
44 years$2,531$1,510$865$480$260$143
45 years$2,447$1,440$812$443$236$128
46 years$2,366$1,374$763$409$215$114
47 years$2,290$1,311$717$378$195$102
48 years$2,217$1,252$674$350$177$91
49 years$2,147$1,195$633$323$161$82
50 years$2,080$1,142$595$299$146$73

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,130,000, adding $5,899 every year, while hoping to spend $33,771 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: 68/27/5 Blend
66$2,130,000$2,130,000$2,130,000$2,130,000
67$2,353,345$2,240,455$2,207,440$2,511,623
68$2,557,454$2,314,305$2,245,457$2,690,996
69$2,781,250$2,390,642$2,283,616$2,882,388
70$3,026,706$2,469,552$2,321,886$3,090,749
71$3,295,995$2,551,124$2,360,233$3,317,730
72$3,591,508$2,635,451$2,398,623$3,565,148
73$3,915,883$2,722,629$2,437,017$3,835,005
74$4,272,022$2,812,757$2,475,376$4,129,501
75$4,663,123$2,905,938$2,513,657$4,451,062
76$5,092,711$3,002,278$2,551,814$4,802,355
77$5,564,667$3,101,888$2,589,798$5,186,317
78$6,083,265$3,204,883$2,627,559$5,606,182
79$6,653,217$3,311,381$2,665,041$6,065,512
80$7,279,712$3,421,506$2,702,187$6,568,227
81$7,968,467$3,535,385$2,738,935$7,118,644
82$8,725,782$3,653,149$2,775,220$7,721,517
83$9,558,595$3,774,937$2,810,974$8,382,083
84$10,474,553$3,900,890$2,846,122$9,106,107
85$11,482,080$4,031,156$2,880,590$9,899,940
86$12,590,456$4,165,887$2,914,294$10,770,576
87$13,809,909$4,305,242$2,947,149$11,725,719
88$15,151,706$4,449,385$2,979,065$12,773,855
89$16,628,262$4,598,486$3,009,945$13,924,330
90$18,253,255$4,752,723$3,039,689$15,187,439
91$20,041,758$4,912,277$3,068,189$16,574,524
92$22,010,379$5,077,340$3,095,335$18,098,077
93$24,177,416$5,248,109$3,121,007$19,771,863
94$26,563,033$5,424,787$3,145,082$21,611,041
95$29,189,449$5,607,588$3,167,428$23,632,314
96$32,081,143$5,796,730$3,187,908$25,854,084
97$35,265,094$5,992,444$3,206,377$28,296,623
98$38,771,025$6,194,965$3,222,682$30,982,264
99$42,631,691$6,404,540$3,236,663$33,935,615
100$46,883,184$6,621,423$3,248,152$37,183,785