Can I retire at age 67 with 2,070,000?

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 $2,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$170,939$169,416$167,930$166,481$165,065$161,732
2 years$84,623$83,047$81,520$80,039$78,602$75,259
3 years$55,855$54,272$52,749$51,282$49,868$46,619
4 years$41,474$39,896$38,387$36,945$35,567$32,436
5 years$32,847$31,279$29,790$28,378$27,037$24,035
6 years$27,098$25,541$24,075$22,694$21,394$18,522
7 years$22,993$21,450$20,006$18,658$17,399$14,659
8 years$19,916$18,386$16,967$15,652$14,434$11,825
9 years$17,524$16,009$14,614$13,332$12,155$9,676
10 years$15,611$14,111$12,741$11,492$10,357$8,005
11 years$14,047$12,562$11,217$10,002$8,907$6,679
12 years$12,745$11,275$9,954$8,773$7,719$5,611
13 years$11,644$10,189$8,894$7,745$6,731$4,740
14 years$10,701$9,262$7,991$6,875$5,900$4,023
15 years$9,885$8,461$7,215$6,131$5,195$3,427
16 years$9,171$7,763$6,541$5,490$4,592$2,929
17 years$8,542$7,149$5,952$4,933$4,071$2,509
18 years$7,983$6,606$5,434$4,445$3,620$2,155
19 years$7,484$6,122$4,974$4,017$3,226$1,854
20 years$7,035$5,689$4,565$3,638$2,882$1,598
21 years$6,630$5,299$4,199$3,302$2,579$1,379
22 years$6,262$4,947$3,870$3,002$2,312$1,191
23 years$5,926$4,627$3,573$2,734$2,075$1,030
24 years$5,619$4,335$3,305$2,494$1,865$891
25 years$5,337$4,068$3,061$2,277$1,678$772
26 years$5,077$3,823$2,839$2,082$1,512$669
27 years$4,836$3,598$2,636$1,906$1,363$580
28 years$4,614$3,391$2,451$1,746$1,230$504
29 years$4,407$3,199$2,280$1,601$1,111$437
30 years$4,214$3,021$2,124$1,470$1,003$379
31 years$4,034$2,856$1,980$1,350$907$330
32 years$3,865$2,702$1,848$1,240$821$286
33 years$3,707$2,559$1,725$1,141$743$249
34 years$3,559$2,425$1,612$1,050$672$216
35 years$3,419$2,300$1,507$966$609$188
36 years$3,288$2,183$1,410$890$552$163
37 years$3,164$2,074$1,320$820$500$142
38 years$3,046$1,971$1,236$756$453$124
39 years$2,935$1,874$1,158$697$411$108
40 years$2,830$1,783$1,085$643$373$94
41 years$2,730$1,697$1,017$593$338$81
42 years$2,635$1,616$954$547$307$71
43 years$2,545$1,540$896$505$279$62
44 years$2,459$1,468$841$466$253$54
45 years$2,378$1,400$789$431$230$47
46 years$2,300$1,335$741$398$208$41
47 years$2,225$1,274$697$368$189$35
48 years$2,154$1,217$655$340$172$31
49 years$2,086$1,162$615$314$156$27
50 years$2,021$1,110$578$290$142$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,070,000, adding $4,848 every year, while hoping to spend $21,252 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: 61/20/19 Blend
66$2,070,000$2,070,000$2,070,000$2,070,000
67$2,286,141$2,176,431$2,144,346$2,414,087
68$2,496,715$2,260,464$2,193,569$2,585,100
69$2,728,056$2,347,902$2,243,730$2,768,862
70$2,982,259$2,438,891$2,294,836$2,968,924
71$3,261,632$2,533,579$2,346,896$3,186,873
72$3,568,720$2,632,126$2,399,918$3,424,452
73$3,906,325$2,734,696$2,453,911$3,683,581
74$4,277,533$2,841,459$2,508,880$3,966,373
75$4,685,747$2,952,596$2,564,833$4,275,153
76$5,134,713$3,068,294$2,621,775$4,612,481
77$5,628,562$3,188,747$2,679,712$4,981,176
78$6,171,841$3,314,162$2,738,649$5,384,338
79$6,769,563$3,444,751$2,798,588$5,825,382
80$7,427,252$3,580,736$2,859,533$6,308,069
81$8,150,991$3,722,352$2,921,487$6,836,539
82$8,947,485$3,869,840$2,984,450$7,415,349
83$9,824,123$4,023,456$3,048,423$8,049,519
84$10,789,043$4,183,465$3,113,405$8,744,576
85$11,851,215$4,350,145$3,179,394$9,506,609
86$13,020,522$4,523,785$3,246,387$10,342,319
87$14,307,853$4,704,689$3,314,379$11,259,092
88$15,725,208$4,893,172$3,383,365$12,265,057
89$17,285,809$5,089,568$3,453,337$13,369,172
90$19,004,225$5,294,220$3,524,287$14,581,301
91$20,896,511$5,507,491$3,596,205$15,912,310
92$22,980,355$5,729,759$3,669,079$17,374,168
93$25,275,253$5,961,419$3,742,895$18,980,058
94$27,802,684$6,202,883$3,817,636$20,744,505
95$30,586,317$6,454,584$3,893,287$22,683,506
96$33,652,235$6,716,972$3,969,826$24,814,685
97$37,029,180$6,990,520$4,047,231$27,157,458
98$40,748,822$7,275,721$4,125,479$29,733,213
99$44,846,061$7,573,091$4,204,542$32,565,514
100$49,359,356$7,883,169$4,284,391$35,680,321