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

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 $2,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$197,364$195,606$193,891$192,217$190,582$185,749
2 years$97,705$95,885$94,122$92,412$90,753$85,915
3 years$64,490$62,662$60,903$59,209$57,578$52,886
4 years$47,885$46,063$44,322$42,657$41,065$36,556
5 years$37,925$36,114$34,396$32,765$31,217$26,903
6 years$31,287$29,490$27,797$26,202$24,701$20,586
7 years$26,548$24,766$23,099$21,542$20,088$16,174
8 years$22,995$21,229$19,590$18,071$16,665$12,949
9 years$20,233$18,483$16,873$15,393$14,035$10,513
10 years$18,025$16,292$14,710$13,269$11,958$8,627
11 years$16,219$14,504$12,951$11,548$10,284$7,139
12 years$14,715$13,018$11,493$10,129$8,912$5,947
13 years$13,444$11,764$10,268$8,942$7,772$4,981
14 years$12,355$10,694$9,226$7,938$6,813$4,190
15 years$11,413$9,769$8,330$7,079$5,998$3,537
16 years$10,589$8,963$7,552$6,339$5,301$2,995
17 years$9,862$8,254$6,872$5,695$4,701$2,542
18 years$9,217$7,627$6,274$5,133$4,180$2,162
19 years$8,641$7,069$5,743$4,638$3,725$1,842
20 years$8,123$6,569$5,271$4,200$3,327$1,572
21 years$7,655$6,119$4,848$3,812$2,978$1,343
22 years$7,230$5,711$4,468$3,466$2,669$1,149
23 years$6,842$5,342$4,126$3,157$2,396$983
24 years$6,488$5,005$3,816$2,879$2,154$842
25 years$6,162$4,697$3,534$2,629$1,938$722
26 years$5,862$4,414$3,278$2,404$1,746$619
27 years$5,584$4,154$3,044$2,201$1,574$531
28 years$5,327$3,915$2,829$2,016$1,420$456
29 years$5,088$3,693$2,633$1,849$1,282$392
30 years$4,865$3,488$2,453$1,697$1,159$337
31 years$4,657$3,297$2,286$1,558$1,047$289
32 years$4,463$3,120$2,133$1,432$948$249
33 years$4,280$2,954$1,992$1,317$858$214
34 years$4,109$2,800$1,861$1,212$776$184
35 years$3,948$2,656$1,740$1,115$703$158
36 years$3,796$2,521$1,628$1,027$637$136
37 years$3,653$2,394$1,523$947$577$117
38 years$3,517$2,275$1,427$872$524$100
39 years$3,389$2,164$1,337$804$475$86
40 years$3,268$2,058$1,253$742$431$74
41 years$3,152$1,959$1,175$685$391$64
42 years$3,043$1,866$1,102$632$354$55
43 years$2,939$1,778$1,034$583$322$47
44 years$2,840$1,695$971$538$292$41
45 years$2,745$1,616$911$497$265$35
46 years$2,655$1,542$856$459$241$30
47 years$2,569$1,471$804$424$219$26
48 years$2,487$1,405$756$392$198$22
49 years$2,409$1,341$710$362$180$19
50 years$2,333$1,281$668$335$164$17

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 $4,145 every year, while hoping to spend $52,248 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: 33/49/18 Blend
66$2,390,000$2,390,000$2,390,000$2,390,000
67$2,638,056$2,511,386$2,474,341$2,710,262
68$2,851,546$2,578,852$2,501,640$2,831,470
69$3,085,061$2,647,873$2,528,102$2,956,902
70$3,340,588$2,718,470$2,553,644$3,090,981
71$3,620,316$2,790,663$2,578,179$3,234,498
72$3,926,654$2,864,472$2,601,614$3,388,321
73$4,262,257$2,939,914$2,623,852$3,553,408
74$4,630,046$3,017,009$2,644,790$3,730,811
75$5,033,240$3,095,772$2,664,320$3,921,689
76$5,475,384$3,176,218$2,682,328$4,127,318
77$5,960,383$3,258,362$2,698,696$4,349,103
78$6,492,536$3,342,217$2,713,297$4,588,592
79$7,076,582$3,427,792$2,725,999$4,847,488
80$7,717,736$3,515,097$2,736,663$5,127,667
81$8,421,749$3,604,140$2,745,144$5,431,196
82$9,194,949$3,694,925$2,751,289$5,760,353
83$10,044,313$3,787,455$2,754,936$6,117,644
84$10,977,523$3,881,731$2,755,917$6,505,834
85$12,003,045$3,977,750$2,754,054$6,927,967
86$13,130,203$4,075,508$2,749,163$7,387,397
87$14,369,271$4,174,995$2,741,047$7,887,818
88$15,731,567$4,276,200$2,729,502$8,433,305
89$17,229,561$4,379,108$2,714,315$9,028,343
90$18,876,992$4,483,700$2,695,260$9,677,878
91$20,688,996$4,589,952$2,672,102$10,387,359
92$22,682,251$4,697,837$2,644,595$11,162,791
93$24,875,132$4,807,322$2,612,480$12,010,791
94$27,287,884$4,918,370$2,575,487$12,938,652
95$29,942,815$5,030,937$2,533,333$13,954,413
96$32,864,503$5,144,974$2,485,721$15,066,931
97$36,080,030$5,260,426$2,432,340$16,285,968
98$39,619,237$5,377,230$2,372,867$17,622,285
99$43,515,002$5,495,318$2,306,962$19,087,740
100$47,803,556$5,614,612$2,234,268$20,695,402