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%
1 years$198,190$196,424$194,702$193,021$191,379$188,209
2 years$98,114$96,286$94,516$92,799$91,133$87,948
3 years$64,759$62,924$61,158$59,457$57,819$54,718
4 years$48,086$46,256$44,507$42,835$41,237$38,245
5 years$38,084$36,265$34,539$32,902$31,347$28,473
6 years$31,418$29,613$27,913$26,312$24,804$22,050
7 years$26,659$24,869$23,196$21,632$20,172$17,540
8 years$23,091$21,318$19,672$18,147$16,735$14,223
9 years$20,318$18,561$16,943$15,457$14,093$11,701
10 years$18,100$16,360$14,772$13,324$12,008$9,733
11 years$16,287$14,565$13,005$11,596$10,327$8,167
12 years$14,777$13,072$11,541$10,171$8,950$6,901
13 years$13,500$11,814$10,311$8,980$7,804$5,865
14 years$12,407$10,738$9,265$7,971$6,841$5,008
15 years$11,460$9,810$8,365$7,109$6,023$4,293
16 years$10,633$9,000$7,584$6,365$5,324$3,692
17 years$9,904$8,289$6,901$5,719$4,720$3,184
18 years$9,256$7,659$6,300$5,154$4,197$2,752
19 years$8,677$7,099$5,767$4,657$3,741$2,383
20 years$8,157$6,596$5,293$4,218$3,341$2,068
21 years$7,687$6,144$4,868$3,828$2,990$1,796
22 years$7,260$5,735$4,487$3,481$2,680$1,563
23 years$6,871$5,364$4,143$3,170$2,406$1,361
24 years$6,515$5,026$3,832$2,891$2,163$1,186
25 years$6,188$4,717$3,549$2,640$1,946$1,035
26 years$5,886$4,433$3,291$2,414$1,753$903
27 years$5,607$4,172$3,056$2,210$1,580$789
28 years$5,349$3,931$2,841$2,025$1,426$690
29 years$5,109$3,708$2,644$1,857$1,288$603
30 years$4,885$3,502$2,463$1,704$1,163$528
31 years$4,677$3,311$2,296$1,565$1,052$462
32 years$4,481$3,133$2,142$1,438$951$404
33 years$4,298$2,967$2,000$1,323$861$354
34 years$4,126$2,812$1,869$1,217$780$310
35 years$3,964$2,667$1,747$1,120$706$271
36 years$3,812$2,531$1,634$1,032$640$238
37 years$3,668$2,404$1,530$951$580$208
38 years$3,532$2,285$1,433$876$526$183
39 years$3,403$2,173$1,342$808$477$160
40 years$3,281$2,067$1,258$745$432$140
41 years$3,165$1,968$1,180$687$392$123
42 years$3,056$1,874$1,107$634$356$108
43 years$2,951$1,785$1,038$586$323$94
44 years$2,852$1,702$975$541$293$83
45 years$2,757$1,623$915$499$266$73
46 years$2,666$1,548$860$461$242$64
47 years$2,580$1,477$808$426$219$56
48 years$2,498$1,410$759$394$199$49
49 years$2,419$1,347$713$364$181$43
50 years$2,343$1,287$671$336$164$38

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 $2,045 every year, while hoping to spend $20,753 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: 82/12/6 Blend
66$2,400,000$2,400,000$2,400,000$2,400,000
67$2,646,909$2,519,709$2,482,509$2,862,782
68$2,894,813$2,621,094$2,543,592$3,105,562
69$3,167,308$2,726,751$2,606,026$3,369,034
70$3,466,879$2,836,868$2,669,834$3,657,622
71$3,796,266$2,951,640$2,735,039$3,973,829
72$4,158,488$3,071,273$2,801,666$4,320,407
73$4,556,869$3,195,981$2,869,737$4,700,392
74$4,995,072$3,325,987$2,939,276$5,117,121
75$5,477,135$3,461,525$3,010,306$5,574,275
76$6,007,503$3,602,841$3,082,853$6,075,904
77$6,591,078$3,750,189$3,156,938$6,626,469
78$7,233,258$3,903,839$3,232,585$7,230,885
79$7,939,992$4,064,068$3,309,818$7,894,564
80$8,717,834$4,231,171$3,388,660$8,623,467
81$9,574,007$4,405,452$3,469,134$9,424,160
82$10,516,469$4,587,232$3,551,263$10,303,877
83$11,553,988$4,776,846$3,635,070$11,270,584
84$12,696,227$4,974,643$3,720,576$12,333,059
85$13,953,831$5,180,990$3,807,805$13,500,969
86$15,338,533$5,396,269$3,896,777$14,784,965
87$16,863,258$5,620,881$3,987,514$16,196,780
88$18,542,252$5,855,246$4,080,038$17,749,340
89$20,391,210$6,099,801$4,174,367$19,456,885
90$22,427,427$6,355,005$4,270,522$21,335,102
91$24,669,963$6,621,338$4,368,522$23,401,276
92$27,139,817$6,899,302$4,468,386$25,674,448
93$29,860,133$7,189,422$4,570,132$28,175,597
94$32,856,411$7,492,248$4,673,775$30,927,839
95$36,156,751$7,808,354$4,779,333$33,956,637
96$39,792,118$8,138,343$4,886,819$37,290,052
97$43,796,636$8,482,843$4,996,249$40,958,998
98$48,207,905$8,842,514$5,107,636$44,997,536
99$53,067,359$9,218,046$5,220,990$49,443,196
100$58,420,659$9,610,159$5,336,322$54,337,329