Can I retire at age 67 with 2,040,000?

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 $2,040,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$168,461$166,961$165,497$164,068$162,672$160,043
2 years$83,397$81,843$80,338$78,879$77,463$74,822
3 years$55,046$53,486$51,984$50,538$49,146$46,574
4 years$40,873$39,318$37,831$36,410$35,051$32,569
5 years$32,371$30,825$29,359$27,966$26,645$24,260
6 years$26,705$25,171$23,726$22,365$21,084$18,798
7 years$22,660$21,139$19,716$18,387$17,147$14,961
8 years$19,627$18,120$16,721$15,425$14,225$12,139
9 years$17,270$15,777$14,402$13,138$11,979$9,992
10 years$15,385$13,906$12,556$11,326$10,207$8,317
11 years$13,844$12,380$11,054$9,857$8,778$6,983
12 years$12,560$11,112$9,810$8,646$7,607$5,905
13 years$11,475$10,042$8,765$7,633$6,634$5,022
14 years$10,546$9,128$7,875$6,775$5,815$4,291
15 years$9,741$8,338$7,110$6,043$5,120$3,680
16 years$9,038$7,650$6,446$5,410$4,525$3,167
17 years$8,418$7,045$5,866$4,861$4,012$2,733
18 years$7,867$6,510$5,355$4,381$3,567$2,364
19 years$7,376$6,034$4,902$3,959$3,180$2,049
20 years$6,933$5,607$4,499$3,585$2,840$1,779
21 years$6,534$5,223$4,138$3,254$2,542$1,547
22 years$6,171$4,875$3,814$2,958$2,278$1,347
23 years$5,840$4,560$3,522$2,694$2,045$1,174
24 years$5,538$4,272$3,257$2,457$1,838$1,024
25 years$5,259$4,009$3,016$2,244$1,654$894
26 years$5,003$3,768$2,798$2,052$1,490$781
27 years$4,766$3,546$2,598$1,878$1,343$683
28 years$4,547$3,341$2,415$1,721$1,212$597
29 years$4,343$3,152$2,247$1,578$1,094$523
30 years$4,153$2,977$2,093$1,448$989$457
31 years$3,975$2,814$1,952$1,330$894$401
32 years$3,809$2,663$1,821$1,222$809$351
33 years$3,653$2,522$1,700$1,124$732$308
34 years$3,507$2,390$1,589$1,034$663$270
35 years$3,370$2,267$1,485$952$600$236
36 years$3,240$2,152$1,389$877$544$207
37 years$3,118$2,044$1,300$808$493$182
38 years$3,002$1,942$1,218$745$447$159
39 years$2,893$1,847$1,141$687$405$140
40 years$2,789$1,757$1,069$633$368$123
41 years$2,691$1,673$1,003$584$333$108
42 years$2,597$1,593$941$539$303$94
43 years$2,508$1,518$883$498$275$83
44 years$2,424$1,447$828$460$249$73
45 years$2,343$1,380$778$424$226$64
46 years$2,266$1,316$731$392$205$56
47 years$2,193$1,256$686$362$187$49
48 years$2,123$1,199$645$335$169$43
49 years$2,056$1,145$606$309$154$38
50 years$1,992$1,094$570$286$140$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,040,000, adding $2,439 every year, while hoping to spend $52,130 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: 61/13/26 Blend
66$2,040,000$2,040,000$2,040,000$2,040,000
67$2,250,596$2,142,476$2,110,856$2,372,079
68$2,424,691$2,191,991$2,126,104$2,504,440
69$2,614,796$2,242,186$2,140,115$2,642,978
70$2,822,490$2,293,038$2,152,794$2,793,075
71$3,049,510$2,344,522$2,164,038$2,955,868
72$3,297,768$2,396,612$2,173,741$3,132,611
73$3,569,370$2,449,276$2,181,792$3,324,686
74$3,866,636$2,502,481$2,188,072$3,533,615
75$4,192,118$2,556,188$2,192,458$3,761,076
76$4,548,629$2,610,355$2,194,820$4,008,919
77$4,939,265$2,664,938$2,195,022$4,279,182
78$5,367,436$2,719,886$2,192,921$4,574,115
79$5,836,897$2,775,144$2,188,367$4,896,192
80$6,351,787$2,830,651$2,181,203$5,248,146
81$6,916,660$2,886,344$2,171,264$5,632,985
82$7,536,535$2,942,151$2,158,377$6,054,027
83$8,216,940$2,997,995$2,142,362$6,514,929
84$8,963,965$3,053,794$2,123,028$7,019,723
85$9,784,316$3,109,457$2,100,176$7,572,852
86$10,685,383$3,164,887$2,073,599$8,179,214
87$11,675,306$3,219,980$2,043,078$8,844,207
88$12,763,051$3,274,623$2,008,385$9,573,784
89$13,958,497$3,328,694$1,969,281$10,374,504
90$15,272,528$3,382,064$1,925,515$11,253,599
91$16,717,133$3,434,593$1,876,827$12,219,039
92$18,305,522$3,486,129$1,822,943$13,279,610
93$20,052,250$3,536,514$1,763,575$14,444,998
94$21,973,349$3,585,573$1,698,425$15,725,876
95$24,086,488$3,633,123$1,627,179$17,134,012
96$26,411,130$3,678,966$1,549,510$18,682,376
97$28,968,721$3,722,892$1,465,075$20,385,264
98$31,782,893$3,764,676$1,373,517$22,258,434
99$34,879,680$3,804,077$1,274,462$24,319,255
100$38,287,769$3,840,838$1,167,518$26,586,870