Can I retire at age 67 with 2,160,000?

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 $2,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$178,371$176,782$175,232$173,719$172,241$171,300
2 years$88,302$86,658$85,064$83,519$82,020$81,069
3 years$58,283$56,632$55,042$53,511$52,037$51,107
4 years$43,277$41,630$40,057$38,552$37,113$36,212
5 years$34,275$32,639$31,085$29,611$28,213$27,342
6 years$28,276$26,652$25,122$23,681$22,324$21,485
7 years$23,993$22,382$20,876$19,469$18,155$17,349
8 years$20,782$19,186$17,705$16,332$15,061$14,287
9 years$18,286$16,705$15,249$13,911$12,684$11,942
10 years$16,290$14,724$13,294$11,992$10,807$10,097
11 years$14,658$13,108$11,704$10,436$9,295$8,616
12 years$13,299$11,765$10,387$9,154$8,055$7,406
13 years$12,150$10,632$9,280$8,082$7,024$6,405
14 years$11,166$9,664$8,338$7,174$6,157$5,568
15 years$10,314$8,829$7,528$6,398$5,421$4,861
16 years$9,570$8,100$6,826$5,729$4,791$4,259
17 years$8,913$7,460$6,211$5,147$4,248$3,743
18 years$8,330$6,893$5,670$4,639$3,777$3,298
19 years$7,809$6,389$5,191$4,191$3,367$2,913
20 years$7,341$5,937$4,764$3,796$3,007$2,578
21 years$6,918$5,530$4,382$3,445$2,691$2,285
22 years$6,534$5,162$4,038$3,133$2,412$2,029
23 years$6,184$4,828$3,729$2,853$2,165$1,804
24 years$5,863$4,523$3,448$2,602$1,946$1,605
25 years$5,569$4,245$3,194$2,376$1,751$1,430
26 years$5,297$3,990$2,962$2,173$1,578$1,275
27 years$5,047$3,755$2,751$1,989$1,422$1,138
28 years$4,814$3,538$2,557$1,822$1,283$1,017
29 years$4,598$3,338$2,380$1,671$1,159$909
30 years$4,397$3,152$2,216$1,533$1,047$813
31 years$4,209$2,980$2,066$1,408$947$727
32 years$4,033$2,819$1,928$1,294$856$651
33 years$3,868$2,670$1,800$1,190$775$583
34 years$3,713$2,531$1,682$1,095$702$522
35 years$3,568$2,400$1,573$1,008$636$468
36 years$3,431$2,278$1,471$928$576$419
37 years$3,301$2,164$1,377$855$522$376
38 years$3,179$2,056$1,289$788$473$337
39 years$3,063$1,955$1,208$727$429$302
40 years$2,953$1,860$1,132$671$389$271
41 years$2,849$1,771$1,062$619$353$243
42 years$2,750$1,687$996$571$320$218
43 years$2,656$1,607$935$527$291$196
44 years$2,566$1,532$877$487$264$176
45 years$2,481$1,461$824$449$240$158
46 years$2,400$1,393$774$415$218$142
47 years$2,322$1,330$727$384$198$127
48 years$2,248$1,269$683$354$179$114
49 years$2,177$1,212$642$328$163$103
50 years$2,109$1,158$604$303$148$92

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,160,000, adding $6,666 every year, while hoping to spend $37,091 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: 58/26/16 Blend
66$2,160,000$2,160,000$2,160,000$2,160,000
67$2,387,196$2,272,716$2,239,236$2,515,410
68$2,591,225$2,344,615$2,274,786$2,674,885
69$2,814,823$2,418,793$2,310,284$2,843,997
70$3,059,945$2,495,324$2,345,688$3,027,496
71$3,328,746$2,574,282$2,380,956$3,226,772
72$3,623,602$2,655,745$2,416,041$3,443,357
73$3,947,125$2,739,792$2,450,894$3,678,935
74$4,302,195$2,826,506$2,485,463$3,935,361
75$4,691,986$2,915,971$2,519,693$4,214,676
76$5,119,991$3,008,276$2,553,524$4,519,129
77$5,590,059$3,103,510$2,586,896$4,851,193
78$6,106,430$3,201,768$2,619,743$5,213,594
79$6,673,776$3,303,145$2,651,995$5,609,333
80$7,297,243$3,407,741$2,683,578$6,041,713
81$7,982,500$3,515,658$2,714,416$6,514,374
82$8,735,793$3,627,003$2,744,427$7,031,323
83$9,564,002$3,741,885$2,773,524$7,596,974
84$10,474,710$3,860,417$2,801,616$8,216,189
85$11,476,267$3,982,714$2,828,608$8,894,321
86$12,577,878$4,108,898$2,854,397$9,637,269
87$13,789,680$4,239,093$2,878,878$10,451,530
88$15,122,845$4,373,426$2,901,938$11,344,260
89$16,589,681$4,512,030$2,923,459$12,323,343
90$18,203,750$4,655,041$2,943,317$13,397,464
91$19,979,995$4,802,601$2,961,380$14,576,191
92$21,934,880$4,954,854$2,977,512$15,870,064
93$24,086,546$5,111,950$2,991,567$17,290,696
94$26,454,983$5,274,045$3,003,393$18,850,880
95$29,062,216$5,441,298$3,012,832$20,564,712
96$31,932,515$5,613,874$3,019,715$22,447,721
97$35,092,622$5,791,944$3,023,866$24,517,017
98$38,572,004$5,975,684$3,025,100$26,791,452
99$42,403,131$6,165,275$3,023,223$29,291,797
100$46,621,782$6,360,905$3,018,032$32,040,939