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%17%
1 years$175,893$174,327$172,798$171,306$169,849$165,007
2 years$87,076$85,454$83,883$82,359$80,881$76,040
3 years$57,474$55,845$54,278$52,768$51,314$46,627
4 years$42,676$41,052$39,500$38,016$36,598$32,099
5 years$33,799$32,185$30,654$29,200$27,821$23,524
6 years$27,884$26,282$24,773$23,352$22,014$17,922
7 years$23,660$22,071$20,586$19,199$17,903$14,017
8 years$20,493$18,919$17,459$16,105$14,852$11,169
9 years$18,032$16,473$15,037$13,718$12,508$9,024
10 years$16,064$14,520$13,110$11,825$10,657$7,369
11 years$14,455$12,926$11,542$10,291$9,166$6,066
12 years$13,115$11,602$10,243$9,027$7,943$5,027
13 years$11,982$10,485$9,151$7,969$6,926$4,188
14 years$11,011$9,530$8,223$7,074$6,071$3,503
15 years$10,171$8,706$7,424$6,309$5,346$2,941
16 years$9,437$7,988$6,731$5,649$4,725$2,476
17 years$8,789$7,356$6,125$5,076$4,189$2,089
18 years$8,215$6,798$5,591$4,574$3,725$1,767
19 years$7,701$6,300$5,118$4,133$3,320$1,496
20 years$7,239$5,854$4,697$3,743$2,966$1,269
21 years$6,822$5,453$4,321$3,397$2,654$1,078
22 years$6,443$5,090$3,982$3,089$2,379$916
23 years$6,098$4,761$3,677$2,813$2,135$779
24 years$5,782$4,460$3,400$2,566$1,919$663
25 years$5,491$4,186$3,150$2,343$1,727$565
26 years$5,224$3,934$2,921$2,143$1,556$481
27 years$4,977$3,702$2,712$1,961$1,403$410
28 years$4,747$3,489$2,522$1,797$1,266$350
29 years$4,534$3,291$2,347$1,648$1,143$299
30 years$4,336$3,108$2,186$1,512$1,033$255
31 years$4,150$2,938$2,038$1,389$934$218
32 years$3,977$2,780$1,901$1,276$844$186
33 years$3,815$2,633$1,775$1,174$764$159
34 years$3,662$2,495$1,659$1,080$692$135
35 years$3,518$2,367$1,551$994$627$116
36 years$3,383$2,247$1,451$916$568$99
37 years$3,255$2,134$1,358$844$515$84
38 years$3,135$2,028$1,271$778$467$72
39 years$3,020$1,928$1,191$717$423$62
40 years$2,912$1,835$1,117$661$384$53
41 years$2,809$1,746$1,047$610$348$45
42 years$2,712$1,663$982$563$316$38
43 years$2,619$1,585$922$520$287$33
44 years$2,531$1,510$865$480$260$28
45 years$2,447$1,440$812$443$236$24
46 years$2,366$1,374$763$409$215$20
47 years$2,290$1,311$717$378$195$18
48 years$2,217$1,252$674$350$177$15
49 years$2,147$1,195$633$323$161$13
50 years$2,080$1,142$595$299$146$11

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 $6,270 every year, while hoping to spend $22,733 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: 40/33/27 Blend
66$2,130,000$2,130,000$2,130,000$2,130,000
67$2,353,728$2,240,838$2,207,823$2,428,889
68$2,569,620$2,326,451$2,257,597$2,569,604
69$2,806,772$2,415,497$2,308,277$2,719,158
70$3,067,327$2,508,121$2,359,868$2,880,522
71$3,353,648$2,604,473$2,412,378$3,054,793
72$3,668,337$2,704,709$2,465,810$3,243,172
73$4,014,263$2,808,995$2,520,170$3,446,982
74$4,394,583$2,917,501$2,575,461$3,667,676
75$4,812,778$3,030,406$2,631,686$3,906,851
76$5,272,682$3,147,897$2,688,848$4,166,262
77$5,778,520$3,270,169$2,746,949$4,447,839
78$6,334,947$3,397,424$2,805,989$4,753,705
79$6,947,089$3,529,876$2,865,968$5,086,194
80$7,620,599$3,667,747$2,926,885$5,447,873
81$8,361,701$3,811,267$2,988,736$5,841,566
82$9,177,256$3,960,680$3,051,520$6,270,379
83$10,074,820$4,116,238$3,115,230$6,737,731
84$11,062,723$4,278,205$3,179,862$7,247,382
85$12,150,141$4,446,857$3,245,408$7,803,471
86$13,347,185$4,622,483$3,311,858$8,410,552
87$14,664,995$4,805,382$3,379,203$9,073,637
88$16,115,849$4,995,870$3,447,430$9,798,243
89$17,713,273$5,194,274$3,516,526$10,590,444
90$19,472,172$5,400,940$3,586,476$11,456,924
91$21,408,972$5,616,225$3,657,261$12,405,043
92$23,541,771$5,840,503$3,728,863$13,442,902
93$25,890,512$6,074,168$3,801,260$14,579,422
94$28,477,170$6,317,627$3,874,428$15,824,425
95$31,325,960$6,571,310$3,948,340$17,188,727
96$34,463,566$6,835,663$4,022,968$18,684,236
97$37,919,393$7,111,154$4,098,281$20,324,066
98$41,725,841$7,398,270$4,174,243$22,122,660
99$45,918,615$7,697,524$4,250,818$24,095,923
100$50,537,060$8,009,448$4,327,966$26,261,372