Can I retire at age 67 with 2,380,000?

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 $2,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$196,538$194,788$193,080$191,412$189,785$187,180
2 years$97,296$95,484$93,728$92,025$90,374$87,754
3 years$64,220$62,400$60,648$58,961$57,337$54,784
4 years$47,685$45,871$44,136$42,478$40,893$38,427
5 years$37,766$35,963$34,252$32,627$31,086$28,713
6 years$31,156$29,367$27,680$26,092$24,597$22,321
7 years$26,437$24,662$23,003$21,452$20,004$17,824
8 years$22,899$21,140$19,508$17,996$16,596$14,512
9 years$20,148$18,406$16,802$15,328$13,976$11,988
10 years$17,949$16,224$14,649$13,213$11,908$10,015
11 years$16,151$14,443$12,896$11,499$10,241$8,441
12 years$14,654$12,964$11,445$10,086$8,875$7,165
13 years$13,388$11,715$10,226$8,905$7,739$6,117
14 years$12,304$10,649$9,188$7,905$6,784$5,248
15 years$11,365$9,728$8,295$7,050$5,973$4,520
16 years$10,544$8,925$7,521$6,312$5,279$3,906
17 years$9,821$8,220$6,844$5,671$4,681$3,385
18 years$9,179$7,595$6,247$5,111$4,162$2,941
19 years$8,605$7,039$5,719$4,618$3,710$2,560
20 years$8,089$6,541$5,249$4,183$3,314$2,233
21 years$7,623$6,093$4,828$3,796$2,965$1,950
22 years$7,199$5,688$4,450$3,452$2,658$1,705
23 years$6,814$5,319$4,108$3,143$2,386$1,493
24 years$6,460$4,984$3,800$2,867$2,145$1,309
25 years$6,136$4,677$3,519$2,618$1,930$1,148
26 years$5,837$4,396$3,264$2,394$1,738$1,008
27 years$5,561$4,137$3,031$2,191$1,567$885
28 years$5,305$3,898$2,818$2,008$1,414$778
29 years$5,066$3,678$2,622$1,841$1,277$684
30 years$4,845$3,473$2,442$1,690$1,154$602
31 years$4,638$3,283$2,277$1,552$1,043$530
32 years$4,444$3,107$2,124$1,426$944$466
33 years$4,262$2,942$1,983$1,311$854$411
34 years$4,092$2,788$1,853$1,207$773$362
35 years$3,931$2,645$1,733$1,111$700$319
36 years$3,780$2,510$1,621$1,023$634$281
37 years$3,637$2,384$1,517$943$575$248
38 years$3,502$2,266$1,421$869$521$218
39 years$3,375$2,155$1,331$801$473$193
40 years$3,254$2,050$1,248$739$429$170
41 years$3,139$1,951$1,170$682$389$150
42 years$3,030$1,858$1,097$629$353$132
43 years$2,926$1,771$1,030$581$320$116
44 years$2,828$1,688$967$536$291$103
45 years$2,734$1,609$908$495$264$91
46 years$2,644$1,535$852$457$240$80
47 years$2,559$1,465$801$423$218$71
48 years$2,477$1,399$753$391$198$62
49 years$2,399$1,336$707$361$180$55
50 years$2,324$1,276$665$334$163$48

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,380,000, adding $2,629 every year, while hoping to spend $48,197 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: 79/5/16 Blend
66$2,380,000$2,380,000$2,380,000$2,380,000
67$2,625,472$2,499,332$2,462,442$2,823,723
68$2,841,989$2,570,518$2,493,652$3,025,885
69$3,078,975$2,643,577$2,524,293$3,241,242
70$3,338,468$2,718,549$2,554,294$3,476,192
71$3,622,710$2,795,476$2,583,581$3,732,677
72$3,934,172$2,874,400$2,612,077$4,012,838
73$4,275,574$2,955,363$2,639,698$4,319,032
74$4,649,913$3,038,406$2,666,359$4,653,855
75$5,060,489$3,123,573$2,691,967$5,020,167
76$5,510,937$3,210,906$2,716,425$5,421,121
77$6,005,260$3,300,447$2,739,633$5,860,185
78$6,547,868$3,392,241$2,761,483$6,341,186
79$7,143,620$3,486,331$2,781,862$6,868,335
80$7,797,867$3,582,758$2,800,651$7,446,275
81$8,516,503$3,681,567$2,817,727$8,080,118
82$9,306,022$3,782,799$2,832,957$8,775,499
83$10,173,578$3,886,499$2,846,203$9,538,627
84$11,127,053$3,992,707$2,857,321$10,376,339
85$12,175,130$4,101,467$2,866,158$11,296,174
86$13,327,373$4,212,819$2,872,554$12,306,434
87$14,594,322$4,326,804$2,876,342$13,416,269
88$15,987,588$4,443,463$2,877,344$14,635,760
89$17,519,963$4,562,834$2,875,377$15,976,017
90$19,205,543$4,684,956$2,870,245$17,449,279
91$21,059,855$4,809,866$2,861,746$19,069,035
92$23,100,011$4,937,600$2,849,665$20,850,147
93$25,344,863$5,068,192$2,833,779$22,808,993
94$27,815,181$5,201,677$2,813,853$24,963,619
95$30,533,855$5,338,083$2,789,642$27,333,913
96$33,526,101$5,477,442$2,760,888$29,941,787
97$36,819,706$5,619,780$2,727,320$32,811,389
98$40,445,288$5,765,122$2,688,658$35,969,329
99$44,436,584$5,913,489$2,644,605$39,444,931
100$48,830,768$6,064,902$2,594,851$43,270,507