Can I retire at age 67 with 2,400,000?

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 $2,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$198,190$196,424$194,702$193,021$191,379$187,746
2 years$98,114$96,286$94,516$92,799$91,133$87,486
3 years$64,759$62,924$61,158$59,457$57,819$54,272
4 years$48,086$46,256$44,507$42,835$41,237$37,819
5 years$38,084$36,265$34,539$32,902$31,347$28,067
6 years$31,418$29,613$27,913$26,312$24,804$21,665
7 years$26,659$24,869$23,196$21,632$20,172$17,176
8 years$23,091$21,318$19,672$18,147$16,735$13,879
9 years$20,318$18,561$16,943$15,457$14,093$11,377
10 years$18,100$16,360$14,772$13,324$12,008$9,429
11 years$16,287$14,565$13,005$11,596$10,327$7,882
12 years$14,777$13,072$11,541$10,171$8,950$6,635
13 years$13,500$11,814$10,311$8,980$7,804$5,617
14 years$12,407$10,738$9,265$7,971$6,841$4,776
15 years$11,460$9,810$8,365$7,109$6,023$4,077
16 years$10,633$9,000$7,584$6,365$5,324$3,492
17 years$9,904$8,289$6,901$5,719$4,720$2,998
18 years$9,256$7,659$6,300$5,154$4,197$2,580
19 years$8,677$7,099$5,767$4,657$3,741$2,225
20 years$8,157$6,596$5,293$4,218$3,341$1,922
21 years$7,687$6,144$4,868$3,828$2,990$1,662
22 years$7,260$5,735$4,487$3,481$2,680$1,439
23 years$6,871$5,364$4,143$3,170$2,406$1,247
24 years$6,515$5,026$3,832$2,891$2,163$1,082
25 years$6,188$4,717$3,549$2,640$1,946$940
26 years$5,886$4,433$3,291$2,414$1,753$816
27 years$5,607$4,172$3,056$2,210$1,580$710
28 years$5,349$3,931$2,841$2,025$1,426$617
29 years$5,109$3,708$2,644$1,857$1,288$537
30 years$4,885$3,502$2,463$1,704$1,163$467
31 years$4,677$3,311$2,296$1,565$1,052$407
32 years$4,481$3,133$2,142$1,438$951$354
33 years$4,298$2,967$2,000$1,323$861$309
34 years$4,126$2,812$1,869$1,217$780$269
35 years$3,964$2,667$1,747$1,120$706$235
36 years$3,812$2,531$1,634$1,032$640$204
37 years$3,668$2,404$1,530$951$580$178
38 years$3,532$2,285$1,433$876$526$155
39 years$3,403$2,173$1,342$808$477$135
40 years$3,281$2,067$1,258$745$432$118
41 years$3,165$1,968$1,180$687$392$103
42 years$3,056$1,874$1,107$634$356$90
43 years$2,951$1,785$1,038$586$323$78
44 years$2,852$1,702$975$541$293$68
45 years$2,757$1,623$915$499$266$60
46 years$2,666$1,548$860$461$242$52
47 years$2,580$1,477$808$426$219$45
48 years$2,498$1,410$759$394$199$40
49 years$2,419$1,347$713$364$181$35
50 years$2,343$1,287$671$336$164$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,400,000, adding $5,838 every year, while hoping to spend $33,218 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: 60/34/6 Blend
66$2,400,000$2,400,000$2,400,000$2,400,000
67$2,650,822$2,523,622$2,486,422$2,806,500
68$2,885,862$2,611,936$2,534,373$2,999,684
69$3,143,763$2,703,464$2,582,818$3,205,946
70$3,426,821$2,798,328$2,631,737$3,430,063
71$3,737,567$2,896,656$2,681,110$3,673,754
72$4,078,787$2,998,580$2,730,915$3,938,907
73$4,453,551$3,104,238$2,781,129$4,227,600
74$4,865,241$3,213,774$2,831,724$4,542,117
75$5,317,582$3,327,335$2,882,674$4,884,975
76$5,814,679$3,445,078$2,933,947$5,258,939
77$6,361,053$3,567,163$2,985,510$5,667,056
78$6,961,685$3,693,759$3,037,330$6,112,676
79$7,622,063$3,825,040$3,089,367$6,599,489
80$8,348,235$3,961,188$3,141,581$7,131,555
81$9,146,860$4,102,391$3,193,930$7,713,343
82$10,025,279$4,248,847$3,246,365$8,349,773
83$10,991,578$4,400,761$3,298,839$9,046,263
84$12,054,666$4,558,346$3,351,298$9,808,776
85$13,224,361$4,721,824$3,403,685$10,643,879
86$14,511,479$4,891,426$3,455,941$11,558,802
87$15,927,937$5,067,393$3,508,003$12,561,508
88$17,486,866$5,249,976$3,559,801$13,660,765
89$19,202,737$5,439,435$3,611,264$14,866,227
90$21,091,490$5,636,042$3,662,316$16,188,529
91$23,170,694$5,840,080$3,712,876$17,639,382
92$25,459,705$6,051,843$3,762,857$19,231,684
93$27,979,851$6,271,640$3,812,169$20,979,643
94$30,754,635$6,499,789$3,860,715$22,898,905
95$33,809,953$6,736,624$3,908,395$25,006,707
96$37,174,341$6,982,492$3,955,099$27,322,033
97$40,879,244$7,237,754$4,000,715$29,865,797
98$44,959,310$7,502,787$4,045,122$32,661,036
99$49,452,720$7,777,984$4,088,194$35,733,127
100$54,401,546$8,063,754$4,129,797$39,110,025