Can I retire at age 67 with 2,310,000?

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 $2,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$190,758$189,058$187,401$185,783$184,203$182,052
2 years$94,434$92,676$90,971$89,319$87,716$85,551
3 years$62,331$60,565$58,864$57,227$55,650$53,539
4 years$46,282$44,521$42,838$41,229$39,690$37,648
5 years$36,656$34,905$33,244$31,668$30,172$28,205
6 years$30,240$28,503$26,866$25,325$23,874$21,985
7 years$25,659$23,937$22,326$20,821$19,416$17,605
8 years$22,225$20,518$18,934$17,466$16,107$14,375
9 years$19,556$17,865$16,308$14,877$13,565$11,910
10 years$17,421$15,747$14,218$12,824$11,558$9,980
11 years$15,676$14,019$12,517$11,161$9,940$8,437
12 years$14,223$12,582$11,109$9,790$8,614$7,185
13 years$12,994$11,371$9,925$8,643$7,512$6,154
14 years$11,942$10,336$8,917$7,672$6,585$5,297
15 years$11,031$9,442$8,051$6,842$5,798$4,578
16 years$10,234$8,663$7,300$6,127$5,124$3,970
17 years$9,532$7,978$6,642$5,505$4,543$3,453
18 years$8,909$7,372$6,064$4,961$4,040$3,010
19 years$8,352$6,832$5,551$4,482$3,601$2,630
20 years$7,851$6,349$5,094$4,060$3,216$2,302
21 years$7,398$5,914$4,686$3,684$2,878$2,018
22 years$6,988$5,520$4,319$3,350$2,580$1,772
23 years$6,613$5,163$3,988$3,051$2,316$1,557
24 years$6,270$4,837$3,688$2,783$2,081$1,370
25 years$5,956$4,540$3,416$2,541$1,873$1,207
26 years$5,665$4,267$3,168$2,324$1,687$1,064
27 years$5,397$4,015$2,942$2,127$1,521$938
28 years$5,148$3,784$2,735$1,949$1,372$828
29 years$4,917$3,569$2,545$1,787$1,239$731
30 years$4,702$3,371$2,370$1,640$1,120$646
31 years$4,501$3,187$2,210$1,506$1,012$571
32 years$4,313$3,015$2,062$1,384$916$504
33 years$4,137$2,855$1,925$1,273$829$446
34 years$3,971$2,706$1,799$1,171$750$395
35 years$3,816$2,567$1,682$1,078$680$349
36 years$3,669$2,436$1,573$993$616$309
37 years$3,530$2,314$1,472$915$558$274
38 years$3,399$2,199$1,379$843$506$242
39 years$3,276$2,091$1,292$778$459$214
40 years$3,158$1,990$1,211$717$416$190
41 years$3,047$1,894$1,135$662$378$168
42 years$2,941$1,804$1,065$611$343$149
43 years$2,840$1,719$999$564$311$132
44 years$2,745$1,638$938$520$282$117
45 years$2,653$1,562$881$481$256$104
46 years$2,566$1,490$827$444$233$92
47 years$2,483$1,422$777$410$211$81
48 years$2,404$1,358$730$379$192$72
49 years$2,328$1,296$687$350$174$64
50 years$2,255$1,238$645$324$158$57

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,310,000, adding $5,831 every year, while hoping to spend $36,083 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: 70/19/11 Blend
66$2,310,000$2,310,000$2,310,000$2,310,000
67$2,551,635$2,429,205$2,393,400$2,724,082
68$2,773,509$2,509,844$2,435,187$2,919,806
69$3,016,806$2,593,225$2,477,164$3,128,978
70$3,283,671$2,679,444$2,519,300$3,356,918
71$3,576,470$2,768,601$2,561,561$3,605,466
72$3,897,807$2,860,800$2,603,911$3,876,648
73$4,250,552$2,956,147$2,646,310$4,172,695
74$4,637,864$3,054,754$2,688,717$4,496,061
75$5,063,225$3,156,736$2,731,088$4,849,451
76$5,530,471$3,262,213$2,773,376$5,235,841
77$6,043,826$3,371,308$2,815,531$5,658,509
78$6,607,944$3,484,150$2,857,499$6,121,067
79$7,227,953$3,600,872$2,899,224$6,627,489
80$7,909,502$3,721,613$2,940,646$7,182,153
81$8,658,815$3,846,515$2,981,701$7,789,882
82$9,482,747$3,975,728$3,022,321$8,455,988
83$10,388,854$4,109,405$3,062,436$9,186,320
84$11,385,457$4,247,706$3,101,968$9,987,321
85$12,481,728$4,390,798$3,140,838$10,866,091
86$13,687,770$4,538,853$3,178,962$11,830,447
87$15,014,715$4,692,049$3,216,249$12,889,003
88$16,474,828$4,850,571$3,252,605$14,051,247
89$18,081,623$5,014,612$3,287,931$15,327,629
90$19,849,992$5,184,372$3,322,120$16,729,667
91$21,796,343$5,360,057$3,355,062$18,270,044
92$23,938,753$5,541,883$3,386,640$19,962,737
93$26,297,143$5,730,072$3,416,729$21,823,143
94$28,893,462$5,924,857$3,445,201$23,868,225
95$31,751,898$6,126,478$3,471,918$26,116,673
96$34,899,101$6,335,184$3,496,736$28,589,080
97$38,364,436$6,551,235$3,519,504$31,308,132
98$42,180,262$6,774,899$3,540,061$34,298,827
99$46,382,237$7,006,457$3,558,241$37,588,707
100$51,009,649$7,246,198$3,573,866$41,208,119