Can I retire at age 67 with 2,330,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$192,409$190,695$189,023$187,391$185,797$179,419
2 years$95,252$93,478$91,759$90,092$88,475$82,114
3 years$62,871$61,089$59,374$57,723$56,132$49,988
4 years$46,683$44,907$43,209$41,586$40,034$34,154
5 years$36,973$35,208$33,532$31,942$30,433$24,833
6 years$30,502$28,750$27,099$25,544$24,081$18,764
7 years$25,881$24,144$22,519$21,001$19,584$14,551
8 years$22,418$20,696$19,098$17,618$16,247$11,493
9 years$19,725$18,019$16,449$15,006$13,682$9,201
10 years$17,572$15,883$14,341$12,936$11,658$7,442
11 years$15,812$14,140$12,625$11,258$10,026$6,068
12 years$14,346$12,691$11,205$9,875$8,689$4,979
13 years$13,107$11,469$10,011$8,718$7,577$4,105
14 years$12,045$10,425$8,995$7,739$6,642$3,399
15 years$11,126$9,524$8,121$6,902$5,848$2,823
16 years$10,323$8,738$7,363$6,180$5,168$2,351
17 years$9,615$8,047$6,700$5,552$4,583$1,962
18 years$8,986$7,436$6,116$5,004$4,075$1,641
19 years$8,424$6,891$5,599$4,521$3,632$1,374
20 years$7,919$6,404$5,139$4,095$3,244$1,152
21 years$7,463$5,965$4,726$3,716$2,903$967
22 years$7,048$5,568$4,356$3,379$2,602$812
23 years$6,670$5,208$4,022$3,077$2,336$683
24 years$6,325$4,879$3,720$2,807$2,099$574
25 years$6,007$4,579$3,445$2,563$1,889$483
26 years$5,714$4,303$3,195$2,344$1,702$407
27 years$5,444$4,050$2,967$2,145$1,534$343
28 years$5,193$3,816$2,758$1,966$1,384$289
29 years$4,960$3,600$2,567$1,802$1,250$243
30 years$4,743$3,400$2,391$1,654$1,130$205
31 years$4,540$3,214$2,229$1,519$1,021$173
32 years$4,350$3,041$2,080$1,396$924$146
33 years$4,173$2,880$1,942$1,284$836$123
34 years$4,006$2,730$1,814$1,181$757$104
35 years$3,849$2,589$1,696$1,087$686$88
36 years$3,701$2,457$1,587$1,002$621$74
37 years$3,561$2,334$1,485$923$563$62
38 years$3,429$2,218$1,391$851$510$53
39 years$3,304$2,109$1,303$784$463$44
40 years$3,185$2,007$1,221$723$420$37
41 years$3,073$1,910$1,145$667$381$32
42 years$2,966$1,819$1,074$616$346$27
43 years$2,865$1,733$1,008$569$314$22
44 years$2,768$1,652$946$525$285$19
45 years$2,676$1,576$889$485$258$16
46 years$2,589$1,503$835$448$235$13
47 years$2,505$1,434$784$414$213$11
48 years$2,425$1,369$737$382$194$10
49 years$2,348$1,308$692$353$176$8
50 years$2,275$1,249$651$327$160$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,330,000, adding $2,963 every year, while hoping to spend $39,882 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: 82/11/7 Blend
66$2,330,000$2,330,000$2,330,000$2,330,000
67$2,570,716$2,447,226$2,411,111$2,779,540
68$2,790,495$2,524,706$2,449,449$2,994,012
69$3,031,355$2,604,646$2,487,735$3,223,778
70$3,295,404$2,687,124$2,525,925$3,474,789
71$3,584,963$2,772,221$2,563,971$3,749,149
72$3,902,590$2,860,021$2,601,826$4,049,173
73$4,251,103$2,950,610$2,639,435$4,377,415
74$4,633,602$3,044,077$2,676,743$4,736,684
75$5,053,506$3,140,514$2,713,691$5,130,074
76$5,514,580$3,240,016$2,750,216$5,560,994
77$6,020,971$3,342,680$2,786,251$6,033,199
78$6,577,246$3,448,607$2,821,726$6,550,822
79$7,188,438$3,557,902$2,856,568$7,118,419
80$7,860,092$3,670,673$2,890,696$7,741,006
81$8,598,316$3,787,029$2,924,028$8,424,109
82$9,409,837$3,907,087$2,956,477$9,173,816
83$10,302,071$4,030,965$2,987,949$9,996,833
84$11,283,183$4,158,783$3,018,346$10,900,549
85$12,362,174$4,290,670$3,047,567$11,893,101
86$13,548,957$4,426,754$3,075,502$12,983,456
87$14,854,456$4,567,170$3,102,037$14,181,493
88$16,290,707$4,712,058$3,127,051$15,498,095
89$17,870,969$4,861,559$3,150,417$16,945,252
90$19,609,854$5,015,822$3,172,003$18,536,174
91$21,523,462$5,174,999$3,191,667$20,285,418
92$23,629,529$5,339,248$3,209,262$22,209,019
93$25,947,601$5,508,732$3,224,633$24,324,648
94$28,499,215$5,683,618$3,237,616$26,651,773
95$31,308,099$5,864,079$3,248,040$29,211,844
96$34,400,401$6,050,295$3,255,726$32,028,497
97$37,804,932$6,242,450$3,260,483$35,127,776
98$41,553,440$6,440,735$3,262,114$38,538,376
99$45,680,907$6,645,347$3,260,411$42,291,917
100$50,225,879$6,856,489$3,255,154$46,423,238