Can I retire at age 67 with 2,120,000?

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 $2,120,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$175,068$173,508$171,987$170,502$169,052$166,870
2 years$86,667$85,053$83,489$81,972$80,501$78,306
3 years$57,204$55,583$54,023$52,520$51,073$48,933
4 years$42,476$40,859$39,315$37,838$36,426$34,357
5 years$33,641$32,034$30,510$29,063$27,690$25,699
6 years$27,753$26,158$24,656$23,242$21,910$19,999
7 years$23,549$21,968$20,490$19,109$17,819$15,989
8 years$20,397$18,830$17,377$16,030$14,783$13,033
9 years$17,947$16,395$14,967$13,654$12,449$10,779
10 years$15,988$14,452$13,048$11,770$10,607$9,015
11 years$14,387$12,865$11,488$10,243$9,123$7,608
12 years$13,053$11,547$10,195$8,985$7,905$6,466
13 years$11,925$10,435$9,108$7,932$6,894$5,528
14 years$10,960$9,486$8,184$7,041$6,043$4,748
15 years$10,123$8,665$7,389$6,280$5,321$4,095
16 years$9,392$7,950$6,699$5,623$4,702$3,544
17 years$8,748$7,322$6,096$5,052$4,170$3,076
18 years$8,176$6,766$5,565$4,553$3,707$2,676
19 years$7,665$6,270$5,094$4,114$3,304$2,333
20 years$7,205$5,827$4,675$3,726$2,952$2,038
21 years$6,790$5,427$4,300$3,381$2,641$1,782
22 years$6,413$5,066$3,964$3,075$2,368$1,561
23 years$6,069$4,738$3,660$2,800$2,125$1,369
24 years$5,755$4,440$3,385$2,554$1,910$1,202
25 years$5,466$4,166$3,135$2,332$1,719$1,056
26 years$5,199$3,916$2,907$2,132$1,548$928
27 years$4,953$3,685$2,700$1,952$1,396$817
28 years$4,725$3,472$2,510$1,788$1,260$719
29 years$4,513$3,276$2,336$1,640$1,137$633
30 years$4,315$3,094$2,175$1,505$1,028$558
31 years$4,131$2,925$2,028$1,382$929$492
32 years$3,958$2,767$1,892$1,270$840$434
33 years$3,797$2,621$1,767$1,168$761$383
34 years$3,645$2,484$1,651$1,075$689$338
35 years$3,502$2,356$1,543$989$624$298
36 years$3,367$2,236$1,444$911$565$263
37 years$3,240$2,124$1,351$840$512$232
38 years$3,120$2,018$1,266$774$464$205
39 years$3,006$1,919$1,186$714$421$181
40 years$2,898$1,826$1,111$658$382$160
41 years$2,796$1,738$1,042$607$347$141
42 years$2,699$1,655$977$560$314$125
43 years$2,607$1,577$917$517$285$110
44 years$2,519$1,503$861$478$259$98
45 years$2,435$1,434$808$441$235$86
46 years$2,355$1,368$759$407$214$76
47 years$2,279$1,305$713$376$194$67
48 years$2,206$1,246$670$348$176$60
49 years$2,137$1,190$630$321$160$53
50 years$2,070$1,137$592$297$145$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,120,000, adding $2,419 every year, while hoping to spend $49,496 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: 59/23/18 Blend
66$2,120,000$2,120,000$2,120,000$2,120,000
67$2,338,735$2,226,375$2,193,515$2,465,623
68$2,524,623$2,282,804$2,214,335$2,608,244
69$2,727,812$2,340,339$2,234,193$2,758,058
70$2,950,016$2,398,983$2,253,005$2,920,312
71$3,193,119$2,458,734$2,270,682$3,096,214
72$3,459,198$2,519,593$2,287,131$3,287,098
73$3,750,539$2,581,556$2,302,252$3,494,430
74$4,069,659$2,644,618$2,315,943$3,719,828
75$4,419,332$2,708,772$2,328,095$3,965,072
76$4,802,610$2,774,008$2,338,593$4,232,124
77$5,222,857$2,840,315$2,347,316$4,523,145
78$5,683,776$2,907,678$2,354,138$4,840,517
79$6,189,446$2,976,079$2,358,927$5,186,863
80$6,744,362$3,045,499$2,361,543$5,565,075
81$7,353,472$3,115,913$2,361,840$5,978,336
82$8,022,228$3,187,296$2,359,664$6,430,158
83$8,756,637$3,259,615$2,354,854$6,924,408
84$9,563,314$3,332,836$2,347,242$7,465,348
85$10,449,547$3,406,920$2,336,650$8,057,674
86$11,423,366$3,481,824$2,322,892$8,706,562
87$12,493,614$3,557,498$2,305,775$9,417,715
88$13,670,038$3,633,891$2,285,093$10,197,417
89$14,963,372$3,710,942$2,260,634$11,052,596
90$16,385,445$3,788,587$2,232,174$11,990,885
91$17,949,287$3,866,754$2,199,478$13,020,695
92$19,669,256$3,945,366$2,162,302$14,151,298
93$21,561,169$4,024,339$2,120,388$15,392,909
94$23,642,455$4,103,578$2,073,469$16,756,788
95$25,932,317$4,182,985$2,021,261$18,255,345
96$28,451,913$4,262,450$1,963,473$19,902,255
97$31,224,553$4,341,856$1,899,795$21,712,589
98$34,275,926$4,421,075$1,829,906$23,702,958
99$37,634,332$4,499,970$1,753,469$25,891,667
100$41,330,957$4,578,391$1,670,133$28,298,893