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

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 $2,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$180,022$178,419$176,854$175,327$173,836$170,816
2 years$89,120$87,460$85,852$84,292$82,779$79,746
3 years$58,823$57,156$55,552$54,007$52,519$49,567
4 years$43,678$42,016$40,427$38,909$37,457$34,609
5 years$34,593$32,941$31,373$29,886$28,474$25,739
6 years$28,538$26,899$25,354$23,900$22,530$19,912
7 years$24,215$22,590$21,070$19,649$18,323$15,821
8 years$20,974$19,363$17,869$16,483$15,201$12,814
9 years$18,455$16,859$15,390$14,040$12,801$10,529
10 years$16,441$14,861$13,418$12,103$10,907$8,748
11 years$14,794$13,230$11,813$10,533$9,381$7,331
12 years$13,422$11,874$10,483$9,239$8,129$6,187
13 years$12,263$10,731$9,366$8,157$7,089$5,251
14 years$11,270$9,754$8,416$7,240$6,214$4,478
15 years$10,410$8,910$7,598$6,457$5,471$3,833
16 years$9,658$8,175$6,889$5,782$4,836$3,292
17 years$8,996$7,529$6,269$5,195$4,288$2,835
18 years$8,407$6,957$5,722$4,682$3,812$2,447
19 years$7,882$6,448$5,239$4,230$3,398$2,116
20 years$7,409$5,992$4,808$3,831$3,035$1,833
21 years$6,982$5,581$4,422$3,477$2,716$1,590
22 years$6,594$5,210$4,076$3,162$2,435$1,381
23 years$6,241$4,872$3,763$2,879$2,185$1,201
24 years$5,918$4,565$3,480$2,626$1,964$1,045
25 years$5,620$4,284$3,223$2,398$1,768$910
26 years$5,347$4,026$2,990$2,193$1,592$793
27 years$5,093$3,789$2,776$2,007$1,435$692
28 years$4,859$3,571$2,581$1,839$1,295$604
29 years$4,641$3,369$2,402$1,686$1,170$527
30 years$4,438$3,181$2,237$1,548$1,057$460
31 years$4,248$3,007$2,086$1,421$955$402
32 years$4,070$2,846$1,946$1,306$864$351
33 years$3,904$2,695$1,817$1,201$782$307
34 years$3,748$2,554$1,698$1,105$708$269
35 years$3,601$2,422$1,587$1,017$641$235
36 years$3,462$2,299$1,485$937$581$205
37 years$3,332$2,184$1,390$863$527$180
38 years$3,208$2,075$1,301$796$478$157
39 years$3,091$1,973$1,219$734$433$137
40 years$2,980$1,878$1,143$677$393$120
41 years$2,875$1,787$1,072$624$356$105
42 years$2,775$1,702$1,005$576$323$92
43 years$2,681$1,622$943$532$293$81
44 years$2,590$1,546$885$491$266$71
45 years$2,504$1,474$831$454$242$62
46 years$2,422$1,406$781$419$220$54
47 years$2,344$1,342$734$387$199$47
48 years$2,269$1,281$689$358$181$41
49 years$2,197$1,223$648$331$164$36
50 years$2,128$1,169$609$306$149$32

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 $5,554 every year, while hoping to spend $23,669 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: 53/18/29 Blend
66$2,180,000$2,180,000$2,180,000$2,180,000
67$2,408,089$2,292,549$2,258,759$2,515,916
68$2,628,530$2,379,700$2,309,244$2,678,498
69$2,870,664$2,470,329$2,360,626$2,852,488
70$3,136,676$2,564,580$2,412,912$3,041,382
71$3,428,978$2,662,605$2,466,106$3,246,617
72$3,750,224$2,764,562$2,520,210$3,469,775
73$4,103,339$2,870,618$2,575,229$3,712,596
74$4,491,545$2,980,944$2,631,165$3,976,995
75$4,918,393$3,095,721$2,688,020$4,265,082
76$5,387,793$3,215,135$2,745,793$4,579,175
77$5,904,056$3,339,385$2,804,485$4,921,828
78$6,471,929$3,468,674$2,864,094$5,295,855
79$7,096,643$3,603,216$2,924,619$5,704,348
80$7,783,962$3,743,236$2,986,055$6,150,717
81$8,540,237$3,888,965$3,048,399$6,638,712
82$9,372,465$4,040,648$3,111,643$7,172,465
83$10,288,355$4,198,538$3,175,782$7,756,525
84$11,296,403$4,362,902$3,240,807$8,395,901
85$12,405,968$4,534,017$3,306,706$9,096,110
86$13,627,366$4,712,173$3,373,470$9,863,226
87$14,971,960$4,897,671$3,441,083$10,703,941
88$16,452,272$5,090,829$3,509,532$11,625,623
89$18,082,101$5,291,977$3,578,798$12,636,389
90$19,876,651$5,501,460$3,648,864$13,745,178
91$21,852,675$5,719,638$3,719,707$14,961,838
92$24,028,635$5,946,887$3,791,304$16,297,215
93$26,424,873$6,183,602$3,863,630$17,763,257
94$29,063,805$6,430,193$3,936,657$19,373,125
95$31,970,132$6,687,091$4,010,353$21,141,318
96$35,171,071$6,954,744$4,084,685$23,083,808
97$38,696,615$7,233,621$4,159,617$25,218,191
98$42,579,814$7,524,214$4,235,109$27,563,850
99$46,857,089$7,827,034$4,311,119$30,142,140
100$51,568,571$8,142,617$4,387,600$32,976,590