Can I retire at age 67 with 2,370,000?

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 $2,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$195,712$193,969$192,268$190,608$188,987$187,091
2 years$96,887$95,083$93,334$91,639$89,994$88,084
3 years$63,950$62,138$60,393$58,714$57,096$55,232
4 years$47,484$45,678$43,951$42,300$40,721$38,917
5 years$37,608$35,812$34,108$32,490$30,956$29,217
6 years$31,025$29,243$27,564$25,983$24,494$22,823
7 years$26,326$24,558$22,906$21,362$19,920$18,317
8 years$22,802$21,051$19,426$17,920$16,526$14,991
9 years$20,064$18,329$16,732$15,264$13,917$12,449
10 years$17,874$16,156$14,587$13,158$11,858$10,457
11 years$16,083$14,383$12,842$11,451$10,198$8,863
12 years$14,592$12,909$11,397$10,044$8,838$7,566
13 years$13,332$11,666$10,183$8,867$7,707$6,498
14 years$12,252$10,604$9,149$7,872$6,756$5,607
15 years$11,317$9,687$8,260$7,020$5,948$4,859
16 years$10,500$8,888$7,489$6,286$5,257$4,226
17 years$9,780$8,185$6,815$5,648$4,661$3,685
18 years$9,140$7,564$6,221$5,090$4,145$3,222
19 years$8,569$7,010$5,695$4,599$3,694$2,824
20 years$8,055$6,514$5,227$4,165$3,300$2,479
21 years$7,591$6,067$4,808$3,780$2,953$2,180
22 years$7,169$5,664$4,431$3,437$2,647$1,919
23 years$6,785$5,297$4,091$3,130$2,376$1,692
24 years$6,433$4,963$3,784$2,855$2,136$1,493
25 years$6,110$4,658$3,504$2,607$1,922$1,319
26 years$5,813$4,377$3,250$2,384$1,731$1,166
27 years$5,537$4,120$3,018$2,182$1,561$1,032
28 years$5,282$3,882$2,806$1,999$1,408$914
29 years$5,045$3,662$2,611$1,833$1,272$809
30 years$4,824$3,458$2,432$1,683$1,149$717
31 years$4,618$3,269$2,267$1,545$1,039$636
32 years$4,425$3,094$2,115$1,420$940$564
33 years$4,244$2,930$1,975$1,306$850$501
34 years$4,074$2,777$1,845$1,202$770$444
35 years$3,915$2,634$1,725$1,106$697$394
36 years$3,764$2,500$1,614$1,019$632$350
37 years$3,622$2,374$1,511$939$573$311
38 years$3,488$2,256$1,415$865$519$276
39 years$3,361$2,145$1,325$798$471$246
40 years$3,240$2,041$1,242$736$427$218
41 years$3,126$1,943$1,165$679$387$194
42 years$3,017$1,851$1,093$626$352$172
43 years$2,914$1,763$1,025$578$319$153
44 years$2,816$1,681$963$534$290$136
45 years$2,722$1,603$904$493$263$121
46 years$2,633$1,529$849$456$239$108
47 years$2,548$1,459$797$421$217$96
48 years$2,466$1,393$749$389$197$85
49 years$2,388$1,330$704$359$179$76
50 years$2,314$1,271$662$332$162$67

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,370,000, adding $3,664 every year, while hoping to spend $49,296 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: 55/17/28 Blend
66$2,370,000$2,370,000$2,370,000$2,370,000
67$2,615,519$2,489,909$2,453,174$2,738,913
68$2,829,852$2,559,464$2,482,905$2,893,977
69$3,064,394$2,630,775$2,511,980$3,057,385
70$3,321,155$2,703,876$2,540,324$3,234,373
71$3,602,348$2,778,801$2,567,860$3,426,263
72$3,910,409$2,855,585$2,594,505$3,634,516
73$4,248,023$2,934,260$2,620,172$3,860,739
74$4,618,143$3,014,860$2,644,770$4,106,703
75$5,024,025$3,097,420$2,668,202$4,374,359
76$5,469,255$3,181,973$2,690,366$4,665,856
77$5,957,781$3,268,552$2,711,155$4,983,564
78$6,493,952$3,357,188$2,730,456$5,330,090
79$7,082,560$3,447,915$2,748,151$5,708,311
80$7,728,881$3,540,763$2,764,115$6,121,396
81$8,438,731$3,635,764$2,778,216$6,572,835
82$9,218,512$3,732,948$2,790,317$7,066,475
83$10,075,281$3,832,342$2,800,273$7,606,557
84$11,016,809$3,933,977$2,807,932$8,197,752
85$12,051,659$4,037,877$2,813,133$8,845,209
86$13,189,265$4,144,070$2,815,710$9,554,601
87$14,440,019$4,252,578$2,815,485$10,332,182
88$15,815,372$4,363,425$2,812,275$11,184,841
89$17,327,938$4,476,632$2,805,884$12,120,174
90$18,991,618$4,592,217$2,796,111$13,146,548
91$20,821,724$4,710,196$2,782,742$14,273,186
92$22,835,129$4,830,585$2,765,553$15,510,255
93$25,050,423$4,953,395$2,744,310$16,868,955
94$27,488,090$5,078,635$2,718,768$18,361,632
95$30,170,698$5,206,311$2,688,670$20,001,893
96$33,123,116$5,336,426$2,653,747$21,804,732
97$36,372,742$5,468,980$2,613,716$23,786,676
98$39,949,770$5,603,968$2,568,283$25,965,937
99$43,887,464$5,741,380$2,517,139$28,362,588
100$48,222,483$5,881,205$2,459,960$30,998,750