Can I retire at age 67 with 2,150,000?

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 $2,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$177,545$175,964$174,421$172,915$171,444$167,504
2 years$87,894$86,257$84,670$83,132$81,640$77,692
3 years$58,014$56,370$54,787$53,263$51,796$47,963
4 years$43,077$41,438$39,871$38,373$36,941$33,254
5 years$34,117$32,488$30,942$29,474$28,082$24,550
6 years$28,145$26,529$25,005$23,571$22,220$18,847
7 years$23,882$22,279$20,780$19,379$18,071$14,858
8 years$20,686$19,097$17,623$16,257$14,992$11,937
9 years$18,201$16,627$15,178$13,847$12,625$9,726
10 years$16,215$14,656$13,233$11,936$10,757$8,011
11 years$14,590$13,048$11,650$10,388$9,252$6,655
12 years$13,238$11,711$10,339$9,112$8,017$5,566
13 years$12,094$10,583$9,237$8,044$6,991$4,680
14 years$11,115$9,620$8,300$7,141$6,128$3,953
15 years$10,267$8,788$7,494$6,368$5,396$3,351
16 years$9,525$8,063$6,794$5,702$4,769$2,850
17 years$8,872$7,425$6,182$5,123$4,229$2,429
18 years$8,292$6,861$5,644$4,617$3,760$2,075
19 years$7,773$6,359$5,166$4,172$3,351$1,776
20 years$7,307$5,909$4,742$3,779$2,993$1,523
21 years$6,886$5,504$4,361$3,429$2,679$1,307
22 years$6,504$5,138$4,020$3,118$2,401$1,123
23 years$6,155$4,805$3,711$2,840$2,155$966
24 years$5,836$4,502$3,432$2,590$1,937$831
25 years$5,543$4,225$3,179$2,365$1,743$716
26 years$5,273$3,971$2,948$2,163$1,570$617
27 years$5,023$3,737$2,738$1,980$1,416$532
28 years$4,792$3,522$2,545$1,814$1,277$459
29 years$4,577$3,322$2,369$1,663$1,153$396
30 years$4,376$3,137$2,206$1,526$1,042$342
31 years$4,189$2,966$2,057$1,402$942$295
32 years$4,014$2,806$1,919$1,288$852$255
33 years$3,850$2,658$1,792$1,185$771$220
34 years$3,696$2,519$1,674$1,090$698$190
35 years$3,551$2,389$1,565$1,003$633$165
36 years$3,415$2,268$1,464$924$573$142
37 years$3,286$2,154$1,370$852$519$123
38 years$3,164$2,047$1,283$785$471$106
39 years$3,049$1,946$1,202$724$427$92
40 years$2,939$1,852$1,127$667$387$79
41 years$2,836$1,763$1,057$616$351$69
42 years$2,737$1,679$991$568$319$59
43 years$2,644$1,599$930$525$289$51
44 years$2,555$1,525$873$484$263$44
45 years$2,470$1,454$820$447$238$38
46 years$2,389$1,387$770$413$217$33
47 years$2,311$1,324$723$382$197$29
48 years$2,237$1,264$680$353$179$25
49 years$2,167$1,207$639$326$162$22
50 years$2,099$1,153$601$301$147$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,150,000, adding $2,517 every year, while hoping to spend $51,579 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: 37/33/30 Blend
66$2,150,000$2,150,000$2,150,000$2,150,000
67$2,371,896$2,257,946$2,224,621$2,438,328
68$2,558,950$2,313,706$2,244,266$2,543,667
69$2,763,355$2,370,469$2,262,841$2,652,530
70$2,986,825$2,428,231$2,280,255$2,769,156
71$3,231,251$2,486,983$2,296,412$2,894,284
72$3,498,710$2,546,717$2,311,214$3,028,727
73$3,791,493$2,607,421$2,324,554$3,173,381
74$4,112,122$2,669,081$2,336,323$3,329,237
75$4,463,372$2,731,680$2,346,404$3,497,385
76$4,848,302$2,795,198$2,354,674$3,679,026
77$5,270,279$2,859,613$2,361,007$3,875,486
78$5,733,013$2,924,900$2,365,265$4,088,228
79$6,240,588$2,991,027$2,367,310$4,318,863
80$6,797,504$3,057,964$2,366,991$4,569,168
81$7,408,718$3,125,673$2,364,153$4,841,104
82$8,079,688$3,194,112$2,358,633$5,136,831
83$8,816,429$3,263,235$2,350,260$5,458,732
84$9,625,564$3,332,994$2,338,853$5,809,437
85$10,514,392$3,403,331$2,324,225$6,191,842
86$11,490,951$3,474,185$2,306,178$6,609,144
87$12,564,099$3,545,491$2,284,506$7,064,867
88$13,743,591$3,617,174$2,258,990$7,562,896
89$15,040,177$3,689,155$2,229,406$8,107,516
90$16,465,699$3,761,347$2,195,515$8,703,453
91$18,033,203$3,833,657$2,157,069$9,355,918
92$19,757,066$3,905,982$2,113,806$10,070,654
93$21,653,124$3,978,212$2,065,455$10,853,998
94$23,738,825$4,050,227$2,011,731$11,712,935
95$26,033,397$4,121,900$1,952,336$12,655,166
96$28,558,021$4,193,090$1,886,956$13,689,185
97$31,336,037$4,263,649$1,815,267$14,824,355
98$34,393,161$4,333,416$1,736,927$16,071,000
99$37,757,728$4,402,219$1,651,579$17,440,505
100$41,460,960$4,469,871$1,558,851$18,945,419