Can I retire at age 67 with 2,340,000?

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 $2,340,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$193,235$191,514$189,834$188,195$186,595$185,031
2 years$95,661$93,879$92,153$90,479$88,855$87,279
3 years$63,140$61,351$59,629$57,970$56,373$54,834
4 years$46,883$45,100$43,395$41,764$40,206$38,715
5 years$37,132$35,359$33,676$32,079$30,564$29,126
6 years$30,633$28,873$27,215$25,654$24,184$22,801
7 years$25,992$24,247$22,616$21,092$19,668$18,340
8 years$22,514$20,785$19,180$17,693$16,317$15,044
9 years$19,810$18,097$16,520$15,071$13,741$12,523
10 years$17,647$15,951$14,402$12,991$11,708$10,544
11 years$15,880$14,201$12,680$11,306$10,069$8,958
12 years$14,408$12,746$11,253$9,917$8,726$7,667
13 years$13,163$11,518$10,054$8,755$7,609$6,601
14 years$12,097$10,470$9,033$7,772$6,670$5,712
15 years$11,174$9,564$8,156$6,931$5,873$4,963
16 years$10,367$8,775$7,394$6,206$5,190$4,328
17 years$9,656$8,082$6,729$5,576$4,602$3,785
18 years$9,024$7,468$6,142$5,025$4,092$3,319
19 years$8,460$6,921$5,623$4,541$3,647$2,917
20 years$7,953$6,431$5,161$4,112$3,258$2,568
21 years$7,495$5,991$4,747$3,732$2,915$2,265
22 years$7,078$5,592$4,375$3,394$2,613$2,000
23 years$6,699$5,230$4,039$3,091$2,346$1,769
24 years$6,352$4,900$3,736$2,819$2,108$1,566
25 years$6,033$4,599$3,460$2,574$1,897$1,388
26 years$5,739$4,322$3,209$2,354$1,709$1,231
27 years$5,467$4,067$2,980$2,154$1,541$1,092
28 years$5,215$3,833$2,770$1,974$1,390$970
29 years$4,981$3,616$2,578$1,810$1,255$862
30 years$4,763$3,415$2,401$1,661$1,134$767
31 years$4,560$3,228$2,239$1,526$1,026$682
32 years$4,369$3,054$2,089$1,402$928$607
33 years$4,191$2,893$1,950$1,289$840$540
34 years$4,023$2,741$1,822$1,186$760$481
35 years$3,865$2,600$1,704$1,092$688$429
36 years$3,716$2,468$1,594$1,006$624$382
37 years$3,576$2,344$1,492$927$565$340
38 years$3,444$2,228$1,397$854$513$303
39 years$3,318$2,118$1,309$788$465$271
40 years$3,199$2,015$1,227$726$422$241
41 years$3,086$1,918$1,150$670$382$215
42 years$2,979$1,827$1,079$619$347$192
43 years$2,877$1,741$1,012$571$315$171
44 years$2,780$1,659$950$527$286$153
45 years$2,688$1,582$892$487$260$136
46 years$2,600$1,510$838$450$236$122
47 years$2,516$1,441$787$416$214$108
48 years$2,435$1,375$740$384$194$97
49 years$2,358$1,313$695$355$177$86
50 years$2,285$1,254$654$328$160$77

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,340,000, adding $3,260 every year, while hoping to spend $21,533 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$2,340,000$2,340,000$2,340,000$2,340,000
67$2,582,043$2,458,023$2,421,753$2,756,729
68$2,822,500$2,555,555$2,479,970$2,970,493
69$3,086,762$2,657,144$2,539,417$3,201,412
70$3,377,235$2,762,967$2,600,110$3,453,537
71$3,696,568$2,873,208$2,662,069$3,728,951
72$4,047,681$2,988,058$2,725,311$4,029,947
73$4,433,791$3,107,719$2,789,855$4,359,048
74$4,858,440$3,232,400$2,855,719$4,719,032
75$5,325,535$3,362,322$2,922,919$5,112,957
76$5,839,377$3,497,713$2,991,474$5,544,188
77$6,404,706$3,638,813$3,061,401$6,016,433
78$7,026,744$3,785,873$3,132,716$6,533,772
79$7,711,246$3,939,155$3,205,436$7,100,698
80$8,464,552$4,098,933$3,279,577$7,722,158
81$9,293,649$4,265,492$3,355,155$8,403,600
82$10,206,233$4,439,133$3,432,185$9,151,024
83$11,210,786$4,620,169$3,510,680$9,971,037
84$12,316,655$4,808,925$3,590,657$10,870,914
85$13,534,137$5,005,746$3,672,127$11,858,670
86$14,874,579$5,210,988$3,755,104$12,943,131
87$16,350,486$5,425,026$3,839,599$14,134,017
88$17,975,633$5,648,250$3,925,624$15,442,036
89$19,765,204$5,881,071$4,013,188$16,878,983
90$21,735,927$6,123,915$4,102,302$18,457,847
91$23,906,236$6,377,231$4,192,974$20,192,941
92$26,296,443$6,641,487$4,285,210$22,100,026
93$28,928,933$6,917,172$4,379,016$24,196,467
94$31,828,369$7,204,799$4,474,398$26,501,395
95$35,021,932$7,504,902$4,571,360$29,035,882
96$38,539,570$7,818,044$4,669,901$31,823,144
97$42,414,288$8,144,810$4,770,025$34,888,757
98$46,682,453$8,485,813$4,871,728$38,260,896
99$51,384,140$8,841,695$4,975,009$41,970,605
100$56,563,513$9,213,129$5,079,861$46,052,083