Can I retire at age 67 with 2,170,000?

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 $2,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$179,197$177,600$176,043$174,523$173,039$169,062
2 years$88,711$87,059$85,458$83,905$82,399$78,415
3 years$58,553$56,894$55,297$53,759$52,278$48,409
4 years$43,477$41,823$40,242$38,730$37,285$33,563
5 years$34,434$32,790$31,229$29,749$28,343$24,778
6 years$28,407$26,775$25,238$23,790$22,427$19,023
7 years$24,104$22,486$20,973$19,559$18,239$14,996
8 years$20,878$19,275$17,787$16,408$15,131$12,048
9 years$18,370$16,782$15,320$13,976$12,743$9,817
10 years$16,365$14,793$13,356$12,047$10,857$8,086
11 years$14,726$13,169$11,758$10,485$9,338$6,717
12 years$13,361$11,820$10,435$9,196$8,092$5,617
13 years$12,207$10,682$9,323$8,119$7,056$4,724
14 years$11,218$9,709$8,377$7,207$6,185$3,990
15 years$10,362$8,870$7,563$6,428$5,446$3,382
16 years$9,614$8,138$6,857$5,755$4,813$2,876
17 years$8,954$7,494$6,240$5,171$4,268$2,452
18 years$8,369$6,925$5,696$4,660$3,795$2,095
19 years$7,846$6,418$5,215$4,211$3,382$1,793
20 years$7,375$5,964$4,786$3,814$3,021$1,537
21 years$6,950$5,555$4,402$3,461$2,704$1,319
22 years$6,564$5,186$4,057$3,147$2,423$1,133
23 years$6,212$4,850$3,746$2,866$2,175$975
24 years$5,890$4,544$3,464$2,614$1,955$839
25 years$5,595$4,265$3,209$2,387$1,759$723
26 years$5,322$4,008$2,976$2,183$1,585$623
27 years$5,070$3,772$2,763$1,998$1,429$537
28 years$4,836$3,554$2,569$1,831$1,289$463
29 years$4,619$3,353$2,391$1,679$1,164$400
30 years$4,417$3,167$2,227$1,541$1,052$345
31 years$4,228$2,994$2,076$1,415$951$298
32 years$4,052$2,832$1,937$1,300$860$257
33 years$3,886$2,682$1,808$1,196$779$222
34 years$3,731$2,542$1,690$1,100$705$192
35 years$3,584$2,411$1,580$1,013$638$166
36 years$3,446$2,289$1,478$933$578$144
37 years$3,316$2,174$1,383$859$524$124
38 years$3,193$2,066$1,295$792$475$107
39 years$3,077$1,964$1,214$730$431$93
40 years$2,967$1,869$1,138$674$391$80
41 years$2,862$1,779$1,067$622$355$69
42 years$2,763$1,694$1,001$574$322$60
43 years$2,668$1,614$939$530$292$52
44 years$2,578$1,539$881$489$265$45
45 years$2,493$1,467$827$452$241$39
46 years$2,411$1,400$777$417$219$34
47 years$2,333$1,336$730$385$198$29
48 years$2,258$1,275$686$356$180$25
49 years$2,187$1,218$645$329$164$22
50 years$2,119$1,163$606$304$149$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,170,000, adding $4,694 every year, while hoping to spend $53,166 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: 45/34/21 Blend
66$2,170,000$2,170,000$2,170,000$2,170,000
67$2,396,182$2,281,172$2,247,537$2,489,327
68$2,584,024$2,336,381$2,266,261$2,610,506
69$2,789,245$2,392,514$2,283,831$2,736,232
70$3,013,559$2,449,559$2,300,151$2,871,486
71$3,258,858$2,507,503$2,315,122$3,017,177
72$3,527,222$2,566,331$2,328,639$3,174,310
73$3,820,942$2,626,024$2,340,591$3,343,990
74$4,142,540$2,686,562$2,350,863$3,527,436
75$4,494,795$2,747,919$2,359,333$3,725,991
76$4,880,766$2,810,069$2,365,873$3,941,134
77$5,303,823$2,872,981$2,370,348$4,174,496
78$5,767,675$2,936,619$2,372,617$4,427,874
79$6,276,411$3,000,946$2,372,533$4,703,250
80$6,834,531$3,065,919$2,369,939$5,002,806
81$7,446,995$3,131,490$2,364,673$5,328,951
82$8,119,262$3,197,608$2,356,564$5,684,335
83$8,857,351$3,264,214$2,345,432$6,071,885
84$9,667,887$3,331,247$2,331,090$6,494,822
85$10,558,171$3,398,638$2,313,341$6,956,701
86$11,536,245$3,466,311$2,291,979$7,461,438
87$12,610,968$3,534,187$2,266,787$8,013,351
88$13,792,101$3,602,176$2,237,538$8,617,199
89$15,090,396$3,670,184$2,203,996$9,278,230
90$16,517,699$3,738,106$2,165,913$10,002,228
91$18,087,063$3,805,831$2,123,029$10,795,568
92$19,812,864$3,873,238$2,075,072$11,665,279
93$21,710,947$3,940,197$2,021,757$12,619,109
94$23,798,765$4,006,568$1,962,787$13,665,601
95$26,095,549$4,072,200$1,897,851$14,814,169
96$28,622,488$4,136,931$1,826,622$16,075,192
97$31,402,929$4,200,587$1,748,761$17,460,114
98$34,462,595$4,262,983$1,663,912$18,981,546
99$37,829,828$4,323,918$1,571,702$20,653,391
100$41,535,859$4,383,178$1,471,742$22,490,977