Can I retire at age 67 with 2,350,000?

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 $2,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$194,061$192,332$190,646$189,000$187,392$181,394
2 years$96,070$94,280$92,546$90,865$89,234$83,246
3 years$63,410$61,613$59,884$58,218$56,614$50,824
4 years$47,084$45,292$43,580$41,943$40,378$34,831
5 years$37,290$35,510$33,820$32,216$30,694$25,405
6 years$30,764$28,996$27,331$25,764$24,287$19,260
7 years$26,103$24,351$22,713$21,182$19,752$14,986
8 years$22,610$20,873$19,262$17,769$16,386$11,879
9 years$19,894$18,174$16,590$15,135$13,800$9,545
10 years$17,723$16,020$14,464$13,047$11,758$7,750
11 years$15,948$14,261$12,734$11,354$10,112$6,343
12 years$14,469$12,800$11,301$9,959$8,763$5,225
13 years$13,219$11,568$10,097$8,793$7,642$4,326
14 years$12,149$10,515$9,072$7,805$6,699$3,597
15 years$11,222$9,605$8,191$6,961$5,898$3,000
16 years$10,411$8,813$7,426$6,233$5,213$2,509
17 years$9,697$8,116$6,757$5,600$4,622$2,104
18 years$9,063$7,500$6,169$5,047$4,110$1,767
19 years$8,496$6,951$5,647$4,560$3,663$1,486
20 years$7,987$6,459$5,183$4,130$3,272$1,252
21 years$7,527$6,016$4,767$3,748$2,928$1,056
22 years$7,109$5,616$4,394$3,408$2,624$891
23 years$6,728$5,252$4,057$3,104$2,356$753
24 years$6,379$4,921$3,752$2,831$2,117$636
25 years$6,059$4,618$3,475$2,585$1,905$538
26 years$5,763$4,340$3,223$2,364$1,716$455
27 years$5,491$4,085$2,993$2,164$1,547$385
28 years$5,238$3,849$2,782$1,982$1,396$326
29 years$5,003$3,631$2,589$1,818$1,261$276
30 years$4,784$3,429$2,411$1,668$1,139$234
31 years$4,579$3,242$2,248$1,532$1,030$198
32 years$4,388$3,067$2,098$1,408$932$168
33 years$4,209$2,905$1,958$1,295$843$142
34 years$4,040$2,753$1,830$1,191$763$121
35 years$3,882$2,611$1,711$1,097$691$102
36 years$3,732$2,479$1,600$1,010$626$87
37 years$3,591$2,354$1,498$931$568$74
38 years$3,458$2,237$1,403$858$515$62
39 years$3,332$2,127$1,314$791$467$53
40 years$3,213$2,024$1,232$730$423$45
41 years$3,100$1,927$1,155$673$384$38
42 years$2,992$1,835$1,084$621$349$32
43 years$2,890$1,748$1,017$573$316$27
44 years$2,792$1,666$954$529$287$23
45 years$2,699$1,589$896$489$261$20
46 years$2,611$1,516$842$452$237$17
47 years$2,526$1,447$791$417$215$14
48 years$2,446$1,381$743$386$195$12
49 years$2,368$1,319$698$356$177$10
50 years$2,294$1,260$657$329$161$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,350,000, adding $2,290 every year, while hoping to spend $23,069 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: 53/18/29 Blend
66$2,350,000$2,350,000$2,350,000$2,350,000
67$2,592,062$2,467,512$2,431,087$2,708,297
68$2,831,907$2,563,875$2,487,983$2,885,582
69$3,095,443$2,664,186$2,546,012$3,075,892
70$3,385,063$2,768,616$2,605,188$3,282,559
71$3,703,400$2,877,339$2,665,523$3,507,160
72$4,053,360$2,990,542$2,727,031$3,751,429
73$4,438,140$3,108,416$2,789,724$4,017,274
74$4,861,265$3,231,163$2,853,614$4,306,796
75$5,326,618$3,358,993$2,918,714$4,622,306
76$5,838,476$3,492,127$2,985,033$4,966,346
77$6,401,552$3,630,793$3,052,584$5,341,717
78$7,021,040$3,775,231$3,121,375$5,751,500
79$7,702,661$3,925,693$3,191,417$6,199,087
80$8,452,721$4,082,440$3,262,717$6,688,213
81$9,278,164$4,245,745$3,335,284$7,222,988
82$10,186,646$4,415,896$3,409,125$7,807,939
83$11,186,599$4,593,190$3,484,246$8,448,050
84$12,287,317$4,777,941$3,560,653$9,148,809
85$13,499,037$4,970,474$3,638,349$9,916,259
86$14,833,043$5,171,132$3,717,338$10,757,056
87$16,301,767$5,380,270$3,797,622$11,678,529
88$17,918,906$5,598,263$3,879,201$12,688,749
89$19,699,557$5,825,499$3,962,076$13,796,605
90$21,660,350$6,062,387$4,046,245$15,011,890
91$23,819,615$6,309,353$4,131,703$16,345,386
92$26,197,547$6,566,843$4,218,446$17,808,973
93$28,816,400$6,835,322$4,306,467$19,415,734
94$31,700,698$7,115,277$4,395,759$21,180,082
95$34,877,462$7,407,219$4,486,310$23,117,892
96$38,376,470$7,711,679$4,578,108$25,246,654
97$42,230,534$8,029,216$4,671,139$27,585,632
98$46,475,812$8,360,411$4,765,386$30,156,051
99$51,152,148$8,705,874$4,860,829$32,981,290
100$56,303,448$9,066,243$4,957,448$36,087,108