Can I retire at age 67 with 2,430,000?

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 $2,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$200,667$198,880$197,136$195,434$193,772$188,400
2 years$99,340$97,490$95,697$93,958$92,272$86,900
3 years$65,569$63,711$61,922$60,200$58,541$53,337
4 years$48,687$46,834$45,064$43,371$41,752$36,756
5 years$38,560$36,719$34,971$33,313$31,739$26,965
6 years$31,811$29,983$28,262$26,641$25,114$20,567
7 years$26,992$25,180$23,486$21,903$20,425$16,103
8 years$23,380$21,584$19,918$18,374$16,944$12,847
9 years$20,571$18,793$17,155$15,650$14,269$10,392
10 years$18,326$16,565$14,956$13,491$12,158$8,496
11 years$16,490$14,747$13,167$11,741$10,457$7,004
12 years$14,962$13,236$11,686$10,298$9,061$5,811
13 years$13,669$11,961$10,440$9,092$7,902$4,848
14 years$12,562$10,873$9,381$8,071$6,927$4,061
15 years$11,604$9,932$8,469$7,198$6,099$3,414
16 years$10,766$9,113$7,679$6,445$5,390$2,878
17 years$10,027$8,392$6,987$5,791$4,779$2,432
18 years$9,372$7,755$6,379$5,218$4,249$2,060
19 years$8,786$7,187$5,839$4,715$3,788$1,747
20 years$8,259$6,679$5,359$4,271$3,383$1,484
21 years$7,783$6,221$4,929$3,876$3,028$1,262
22 years$7,351$5,807$4,543$3,524$2,714$1,074
23 years$6,957$5,431$4,195$3,209$2,436$915
24 years$6,596$5,089$3,879$2,927$2,190$780
25 years$6,265$4,775$3,593$2,673$1,970$666
26 years$5,960$4,488$3,332$2,444$1,775$568
27 years$5,677$4,224$3,094$2,237$1,600$485
28 years$5,416$3,980$2,877$2,050$1,444$415
29 years$5,173$3,755$2,677$1,880$1,304$354
30 years$4,946$3,546$2,494$1,725$1,178$303
31 years$4,735$3,352$2,325$1,584$1,065$259
32 years$4,537$3,172$2,169$1,456$963$221
33 years$4,352$3,004$2,025$1,339$872$189
34 years$4,178$2,847$1,892$1,232$789$162
35 years$4,014$2,700$1,769$1,134$715$139
36 years$3,859$2,563$1,655$1,045$648$119
37 years$3,714$2,434$1,549$962$587$101
38 years$3,576$2,313$1,451$887$532$87
39 years$3,446$2,200$1,359$818$483$74
40 years$3,322$2,093$1,274$754$438$64
41 years$3,205$1,992$1,194$696$397$54
42 years$3,094$1,897$1,120$642$360$47
43 years$2,988$1,808$1,051$593$327$40
44 years$2,887$1,723$987$548$297$34
45 years$2,791$1,643$927$506$270$29
46 years$2,700$1,568$870$467$245$25
47 years$2,612$1,496$818$432$222$21
48 years$2,529$1,428$768$399$202$18
49 years$2,449$1,364$722$369$183$16
50 years$2,373$1,303$679$341$166$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,430,000, adding $3,649 every year, while hoping to spend $26,234 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: 70/25/5 Blend
66$2,430,000$2,430,000$2,430,000$2,430,000
67$2,681,624$2,552,834$2,515,169$2,867,736
68$2,927,237$2,650,010$2,571,514$3,088,300
69$3,197,023$2,751,069$2,628,868$3,325,955
70$3,493,420$2,856,172$2,687,236$3,585,252
71$3,819,115$2,965,490$2,746,624$3,868,310
72$4,177,065$3,079,199$2,807,036$4,177,458
73$4,570,531$3,197,485$2,868,477$4,515,258
74$5,003,103$3,320,540$2,930,950$4,884,531
75$5,478,739$3,448,566$2,994,456$5,288,383
76$6,001,797$3,581,773$3,058,997$5,730,232
77$6,577,081$3,720,380$3,124,573$6,213,840
78$7,209,881$3,864,616$3,191,184$6,743,350
79$7,906,027$4,014,721$3,258,828$7,323,320
80$8,671,944$4,170,944$3,327,500$7,958,772
81$9,514,708$4,333,547$3,397,198$8,655,233
82$10,442,119$4,502,801$3,467,915$9,418,791
83$11,462,768$4,678,991$3,539,643$10,256,148
84$12,586,124$4,862,415$3,612,374$11,174,685
85$13,822,617$5,053,382$3,686,097$12,182,531
86$15,183,743$5,252,217$3,760,801$13,288,635
87$16,682,168$5,459,258$3,836,470$14,502,858
88$18,331,846$5,674,859$3,913,089$15,836,056
89$20,148,157$5,899,390$3,990,641$17,300,188
90$22,148,046$6,133,237$4,069,103$18,908,427
91$24,350,183$6,376,802$4,148,455$20,675,279
92$26,775,144$6,630,507$4,228,670$22,616,727
93$29,445,600$6,894,794$4,309,722$24,750,372
94$32,386,534$7,170,121$4,391,580$27,095,606
95$35,625,473$7,456,970$4,474,211$29,673,787
96$39,192,753$7,755,843$4,557,579$32,508,448
97$43,121,800$8,067,266$4,641,644$35,625,508
98$47,449,449$8,391,787$4,726,364$39,053,525
99$52,216,288$8,729,980$4,811,693$42,823,955
100$57,467,045$9,082,445$4,897,581$46,971,458