Can I retire at age 67 with 2,390,000?

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 $2,390,000?

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$197,364$195,606$193,891$192,217$190,582$184,040
2 years$97,705$95,885$94,122$92,412$90,753$84,229
3 years$64,490$62,662$60,903$59,209$57,578$51,276
4 years$47,885$46,063$44,322$42,657$41,065$35,034
5 years$37,925$36,114$34,396$32,765$31,217$25,472
6 years$31,287$29,490$27,797$26,202$24,701$19,248
7 years$26,548$24,766$23,099$21,542$20,088$14,925
8 years$22,995$21,229$19,590$18,071$16,665$11,788
9 years$20,233$18,483$16,873$15,393$14,035$9,438
10 years$18,025$16,292$14,710$13,269$11,958$7,634
11 years$16,219$14,504$12,951$11,548$10,284$6,224
12 years$14,715$13,018$11,493$10,129$8,912$5,107
13 years$13,444$11,764$10,268$8,942$7,772$4,211
14 years$12,355$10,694$9,226$7,938$6,813$3,486
15 years$11,413$9,769$8,330$7,079$5,998$2,896
16 years$10,589$8,963$7,552$6,339$5,301$2,412
17 years$9,862$8,254$6,872$5,695$4,701$2,013
18 years$9,217$7,627$6,274$5,133$4,180$1,683
19 years$8,641$7,069$5,743$4,638$3,725$1,409
20 years$8,123$6,569$5,271$4,200$3,327$1,182
21 years$7,655$6,119$4,848$3,812$2,978$992
22 years$7,230$5,711$4,468$3,466$2,669$833
23 years$6,842$5,342$4,126$3,157$2,396$700
24 years$6,488$5,005$3,816$2,879$2,154$589
25 years$6,162$4,697$3,534$2,629$1,938$496
26 years$5,862$4,414$3,278$2,404$1,746$418
27 years$5,584$4,154$3,044$2,201$1,574$352
28 years$5,327$3,915$2,829$2,016$1,420$296
29 years$5,088$3,693$2,633$1,849$1,282$250
30 years$4,865$3,488$2,453$1,697$1,159$210
31 years$4,657$3,297$2,286$1,558$1,047$177
32 years$4,463$3,120$2,133$1,432$948$150
33 years$4,280$2,954$1,992$1,317$858$126
34 years$4,109$2,800$1,861$1,212$776$106
35 years$3,948$2,656$1,740$1,115$703$90
36 years$3,796$2,521$1,628$1,027$637$76
37 years$3,653$2,394$1,523$947$577$64
38 years$3,517$2,275$1,427$872$524$54
39 years$3,389$2,164$1,337$804$475$45
40 years$3,268$2,058$1,253$742$431$38
41 years$3,152$1,959$1,175$685$391$32
42 years$3,043$1,866$1,102$632$354$27
43 years$2,939$1,778$1,034$583$322$23
44 years$2,840$1,695$971$538$292$19
45 years$2,745$1,616$911$497$265$16
46 years$2,655$1,542$856$459$241$14
47 years$2,569$1,471$804$424$219$12
48 years$2,487$1,405$756$392$198$10
49 years$2,409$1,341$710$362$180$8
50 years$2,333$1,281$668$335$164$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,390,000, adding $5,458 every year, while hoping to spend $52,265 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: 57/23/20 Blend
66$2,390,000$2,390,000$2,390,000$2,390,000
67$2,639,410$2,512,740$2,475,695$2,775,465
68$2,853,020$2,580,255$2,503,021$2,936,241
69$3,086,667$2,649,326$2,529,511$3,105,278
70$3,342,339$2,719,975$2,555,082$3,288,344
71$3,622,226$2,792,222$2,579,645$3,486,802
72$3,928,738$2,866,086$2,603,109$3,702,152
73$4,264,532$2,941,587$2,625,375$3,936,047
74$4,632,531$3,018,741$2,646,342$4,190,307
75$5,035,956$3,097,567$2,665,902$4,466,936
76$5,478,354$3,178,078$2,683,940$4,768,143
77$5,963,632$3,260,289$2,700,338$5,096,361
78$6,496,092$3,344,213$2,714,969$5,454,269
79$7,080,475$3,429,861$2,727,701$5,844,821
80$7,722,001$3,517,242$2,738,397$6,271,270
81$8,426,421$3,606,362$2,746,909$6,737,199
82$9,200,070$3,697,228$2,753,085$7,246,559
83$10,049,927$3,789,843$2,756,763$7,803,699
84$10,983,681$3,884,206$2,757,775$8,413,416
85$12,009,800$3,980,316$2,755,945$9,080,991
86$13,137,615$4,078,167$2,751,085$9,812,247
87$14,377,406$4,177,752$2,743,000$10,613,598
88$15,740,499$4,279,058$2,731,488$11,492,114
89$17,239,369$4,382,072$2,716,332$12,455,583
90$18,887,765$4,486,773$2,697,309$13,512,592
91$20,700,831$4,593,139$2,674,183$14,672,597
92$22,695,255$4,701,142$2,646,707$15,946,026
93$24,889,423$4,810,750$2,614,624$17,344,364
94$27,303,592$4,921,925$2,577,662$18,880,274
95$29,960,083$5,034,624$2,535,539$20,567,705
96$32,883,490$5,148,799$2,487,958$22,422,033
97$36,100,910$5,264,394$2,434,608$24,460,203
98$39,642,200$5,381,347$2,375,165$26,700,887
99$43,540,260$5,499,589$2,309,289$29,164,665
100$47,831,342$5,619,043$2,236,625$31,874,214