Can I retire at age 67 with 2,180,000?

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 $2,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$180,022$178,419$176,854$175,327$173,836$169,772
2 years$89,120$87,460$85,852$84,292$82,779$78,707
3 years$58,823$57,156$55,552$54,007$52,519$48,567
4 years$43,678$42,016$40,427$38,909$37,457$33,655
5 years$34,593$32,941$31,373$29,886$28,474$24,833
6 years$28,538$26,899$25,354$23,900$22,530$19,055
7 years$24,215$22,590$21,070$19,649$18,323$15,013
8 years$20,974$19,363$17,869$16,483$15,201$12,054
9 years$18,455$16,859$15,390$14,040$12,801$9,816
10 years$16,441$14,861$13,418$12,103$10,907$8,080
11 years$14,794$13,230$11,813$10,533$9,381$6,708
12 years$13,422$11,874$10,483$9,239$8,129$5,606
13 years$12,263$10,731$9,366$8,157$7,089$4,711
14 years$11,270$9,754$8,416$7,240$6,214$3,976
15 years$10,410$8,910$7,598$6,457$5,471$3,369
16 years$9,658$8,175$6,889$5,782$4,836$2,862
17 years$8,996$7,529$6,269$5,195$4,288$2,438
18 years$8,407$6,957$5,722$4,682$3,812$2,082
19 years$7,882$6,448$5,239$4,230$3,398$1,780
20 years$7,409$5,992$4,808$3,831$3,035$1,525
21 years$6,982$5,581$4,422$3,477$2,716$1,308
22 years$6,594$5,210$4,076$3,162$2,435$1,123
23 years$6,241$4,872$3,763$2,879$2,185$965
24 years$5,918$4,565$3,480$2,626$1,964$830
25 years$5,620$4,284$3,223$2,398$1,768$714
26 years$5,347$4,026$2,990$2,193$1,592$615
27 years$5,093$3,789$2,776$2,007$1,435$530
28 years$4,859$3,571$2,581$1,839$1,295$457
29 years$4,641$3,369$2,402$1,686$1,170$394
30 years$4,438$3,181$2,237$1,548$1,057$340
31 years$4,248$3,007$2,086$1,421$955$293
32 years$4,070$2,846$1,946$1,306$864$253
33 years$3,904$2,695$1,817$1,201$782$218
34 years$3,748$2,554$1,698$1,105$708$189
35 years$3,601$2,422$1,587$1,017$641$163
36 years$3,462$2,299$1,485$937$581$141
37 years$3,332$2,184$1,390$863$527$121
38 years$3,208$2,075$1,301$796$478$105
39 years$3,091$1,973$1,219$734$433$91
40 years$2,980$1,878$1,143$677$393$78
41 years$2,875$1,787$1,072$624$356$68
42 years$2,775$1,702$1,005$576$323$58
43 years$2,681$1,622$943$532$293$50
44 years$2,590$1,546$885$491$266$44
45 years$2,504$1,474$831$454$242$38
46 years$2,422$1,406$781$419$220$33
47 years$2,344$1,342$734$387$199$28
48 years$2,269$1,281$689$358$181$24
49 years$2,197$1,223$648$331$164$21
50 years$2,128$1,169$609$306$149$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,180,000, adding $6,261 every year, while hoping to spend $51,151 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: 49/39/12 Blend
66$2,180,000$2,180,000$2,180,000$2,180,000
67$2,408,818$2,293,278$2,259,488$2,518,666
68$2,600,093$2,351,225$2,280,757$2,652,746
69$2,809,164$2,410,296$2,301,024$2,792,446
70$3,037,792$2,470,493$2,320,201$2,943,035
71$3,287,916$2,531,817$2,338,196$3,105,550
72$3,561,671$2,594,263$2,354,913$3,281,131
73$3,861,408$2,657,828$2,370,250$3,471,032
74$4,189,716$2,722,507$2,384,098$3,676,636
75$4,549,447$2,788,289$2,396,345$3,899,466
76$4,943,740$2,855,165$2,406,872$4,141,197
77$5,376,054$2,923,121$2,415,555$4,403,677
78$5,850,197$2,992,140$2,422,262$4,688,939
79$6,370,366$3,062,203$2,426,856$4,999,223
80$6,941,180$3,133,288$2,429,193$5,336,999
81$7,567,730$3,205,369$2,429,120$5,704,986
82$8,255,623$3,278,416$2,426,480$6,106,178
83$9,011,034$3,352,396$2,421,105$6,543,878
84$9,840,767$3,427,271$2,412,819$7,021,722
85$10,752,317$3,502,999$2,401,440$7,543,716
86$11,753,941$3,579,533$2,386,776$8,114,277
87$12,854,734$3,656,821$2,368,624$8,738,271
88$14,064,717$3,734,806$2,346,774$9,421,058
89$15,394,932$3,813,425$2,321,004$10,168,548
90$16,857,539$3,892,608$2,291,082$10,987,251
91$18,465,941$3,972,278$2,256,766$11,884,342
92$20,234,902$4,052,354$2,217,802$12,867,729
93$22,180,688$4,132,745$2,173,924$13,946,125
94$24,321,221$4,213,353$2,124,854$15,129,134
95$26,676,249$4,294,071$2,070,300$16,427,339
96$29,267,529$4,374,783$2,009,958$17,852,405
97$32,119,034$4,455,364$1,943,509$19,417,185
98$35,257,178$4,535,680$1,870,619$21,135,846
99$38,711,067$4,615,585$1,790,941$23,024,003
100$42,512,768$4,694,921$1,704,110$25,098,862