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%12.2%
1 years$180,022$178,419$176,854$175,327$173,836$172,236
2 years$89,120$87,460$85,852$84,292$82,779$81,167
3 years$58,823$57,156$55,552$54,007$52,519$50,944
4 years$43,678$42,016$40,427$38,909$37,457$35,932
5 years$34,593$32,941$31,373$29,886$28,474$27,004
6 years$28,538$26,899$25,354$23,900$22,530$21,117
7 years$24,215$22,590$21,070$19,649$18,323$16,967
8 years$20,974$19,363$17,869$16,483$15,201$13,901
9 years$18,455$16,859$15,390$14,040$12,801$11,558
10 years$16,441$14,861$13,418$12,103$10,907$9,720
11 years$14,794$13,230$11,813$10,533$9,381$8,248
12 years$13,422$11,874$10,483$9,239$8,129$7,051
13 years$12,263$10,731$9,366$8,157$7,089$6,063
14 years$11,270$9,754$8,416$7,240$6,214$5,239
15 years$10,410$8,910$7,598$6,457$5,471$4,546
16 years$9,658$8,175$6,889$5,782$4,836$3,959
17 years$8,996$7,529$6,269$5,195$4,288$3,457
18 years$8,407$6,957$5,722$4,682$3,812$3,027
19 years$7,882$6,448$5,239$4,230$3,398$2,657
20 years$7,409$5,992$4,808$3,831$3,035$2,336
21 years$6,982$5,581$4,422$3,477$2,716$2,057
22 years$6,594$5,210$4,076$3,162$2,435$1,814
23 years$6,241$4,872$3,763$2,879$2,185$1,602
24 years$5,918$4,565$3,480$2,626$1,964$1,416
25 years$5,620$4,284$3,223$2,398$1,768$1,253
26 years$5,347$4,026$2,990$2,193$1,592$1,109
27 years$5,093$3,789$2,776$2,007$1,435$983
28 years$4,859$3,571$2,581$1,839$1,295$872
29 years$4,641$3,369$2,402$1,686$1,170$773
30 years$4,438$3,181$2,237$1,548$1,057$687
31 years$4,248$3,007$2,086$1,421$955$610
32 years$4,070$2,846$1,946$1,306$864$542
33 years$3,904$2,695$1,817$1,201$782$481
34 years$3,748$2,554$1,698$1,105$708$428
35 years$3,601$2,422$1,587$1,017$641$381
36 years$3,462$2,299$1,485$937$581$339
37 years$3,332$2,184$1,390$863$527$301
38 years$3,208$2,075$1,301$796$478$268
39 years$3,091$1,973$1,219$734$433$239
40 years$2,980$1,878$1,143$677$393$212
41 years$2,875$1,787$1,072$624$356$189
42 years$2,775$1,702$1,005$576$323$168
43 years$2,681$1,622$943$532$293$150
44 years$2,590$1,546$885$491$266$134
45 years$2,504$1,474$831$454$242$119
46 years$2,422$1,406$781$419$220$106
47 years$2,344$1,342$734$387$199$94
48 years$2,269$1,281$689$358$181$84
49 years$2,197$1,223$648$331$164$75
50 years$2,128$1,169$609$306$149$67

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 $3,292 every year, while hoping to spend $36,637 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: 28/46/26 Blend
66$2,180,000$2,180,000$2,180,000$2,180,000
67$2,405,756$2,290,216$2,256,426$2,453,562
68$2,612,161$2,363,455$2,293,034$2,564,963
69$2,838,392$2,439,055$2,329,642$2,681,159
70$3,086,432$2,517,092$2,366,209$2,805,252
71$3,358,466$2,597,647$2,402,694$2,937,944
72$3,656,899$2,680,802$2,439,054$3,080,005
73$3,984,383$2,766,641$2,475,242$3,232,281
74$4,343,836$2,855,252$2,511,209$3,395,703
75$4,738,474$2,946,726$2,546,901$3,571,292
76$5,171,839$3,041,157$2,582,264$3,760,171
77$5,647,834$3,138,641$2,617,237$3,963,576
78$6,170,758$3,239,279$2,651,759$4,182,864
79$6,745,345$3,343,174$2,685,762$4,419,529
80$7,376,813$3,450,432$2,719,178$4,675,214
81$8,070,909$3,561,164$2,751,931$4,951,724
82$8,833,965$3,675,484$2,783,945$5,251,049
83$9,672,957$3,793,511$2,815,135$5,575,376
84$10,595,571$3,915,366$2,845,414$5,927,111
85$11,610,275$4,041,174$2,874,691$6,308,903
86$12,726,398$4,171,067$2,902,869$6,723,669
87$13,954,220$4,305,179$2,929,844$7,174,616
88$15,305,067$4,443,648$2,955,510$7,665,280
89$16,791,416$4,586,620$2,979,752$8,199,548
90$18,427,018$4,734,241$3,002,451$8,781,703
91$20,227,022$4,886,667$3,023,481$9,416,460
92$22,208,120$5,044,056$3,042,710$10,109,011
93$24,388,706$5,206,572$3,059,998$10,865,073
94$26,789,045$5,374,385$3,075,199$11,690,943
95$29,431,469$5,547,671$3,088,159$12,593,553
96$32,340,583$5,726,611$3,098,717$13,580,541
97$35,543,500$5,911,393$3,106,702$14,660,319
98$39,070,096$6,102,211$3,111,935$15,842,149
99$42,953,292$6,299,265$3,114,231$17,136,238
100$47,229,362$6,502,763$3,113,392$18,553,825