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

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 $2,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$200,667$198,880$197,136$195,434$193,772$191,668
2 years$99,340$97,490$95,697$93,958$92,272$90,154
3 years$65,569$63,711$61,922$60,200$58,541$56,475
4 years$48,687$46,834$45,064$43,371$41,752$39,753
5 years$38,560$36,719$34,971$33,313$31,739$29,813
6 years$31,811$29,983$28,262$26,641$25,114$23,263
7 years$26,992$25,180$23,486$21,903$20,425$18,650
8 years$23,380$21,584$19,918$18,374$16,944$15,246
9 years$20,571$18,793$17,155$15,650$14,269$12,646
10 years$18,326$16,565$14,956$13,491$12,158$10,609
11 years$16,490$14,747$13,167$11,741$10,457$8,981
12 years$14,962$13,236$11,686$10,298$9,061$7,657
13 years$13,669$11,961$10,440$9,092$7,902$6,567
14 years$12,562$10,873$9,381$8,071$6,927$5,660
15 years$11,604$9,932$8,469$7,198$6,099$4,898
16 years$10,766$9,113$7,679$6,445$5,390$4,254
17 years$10,027$8,392$6,987$5,791$4,779$3,705
18 years$9,372$7,755$6,379$5,218$4,249$3,235
19 years$8,786$7,187$5,839$4,715$3,788$2,830
20 years$8,259$6,679$5,359$4,271$3,383$2,481
21 years$7,783$6,221$4,929$3,876$3,028$2,178
22 years$7,351$5,807$4,543$3,524$2,714$1,915
23 years$6,957$5,431$4,195$3,209$2,436$1,686
24 years$6,596$5,089$3,879$2,927$2,190$1,486
25 years$6,265$4,775$3,593$2,673$1,970$1,310
26 years$5,960$4,488$3,332$2,444$1,775$1,157
27 years$5,677$4,224$3,094$2,237$1,600$1,022
28 years$5,416$3,980$2,877$2,050$1,444$903
29 years$5,173$3,755$2,677$1,880$1,304$799
30 years$4,946$3,546$2,494$1,725$1,178$707
31 years$4,735$3,352$2,325$1,584$1,065$626
32 years$4,537$3,172$2,169$1,456$963$554
33 years$4,352$3,004$2,025$1,339$872$491
34 years$4,178$2,847$1,892$1,232$789$435
35 years$4,014$2,700$1,769$1,134$715$385
36 years$3,859$2,563$1,655$1,045$648$342
37 years$3,714$2,434$1,549$962$587$303
38 years$3,576$2,313$1,451$887$532$269
39 years$3,446$2,200$1,359$818$483$238
40 years$3,322$2,093$1,274$754$438$211
41 years$3,205$1,992$1,194$696$397$188
42 years$3,094$1,897$1,120$642$360$166
43 years$2,988$1,808$1,051$593$327$148
44 years$2,887$1,723$987$548$297$131
45 years$2,791$1,643$927$506$270$116
46 years$2,700$1,568$870$467$245$103
47 years$2,612$1,496$818$432$222$92
48 years$2,529$1,428$768$399$202$81
49 years$2,449$1,364$722$369$183$72
50 years$2,373$1,303$679$341$166$64

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 $4,541 every year, while hoping to spend $51,229 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: 43/44/13 Blend
66$2,430,000$2,430,000$2,430,000$2,430,000
67$2,682,544$2,553,754$2,516,089$2,787,583
68$2,901,656$2,624,381$2,545,871$2,932,142
69$3,141,401$2,696,751$2,574,933$3,083,175
70$3,403,829$2,770,897$2,603,198$3,245,673
71$3,691,197$2,846,848$2,630,583$3,420,708
72$4,005,992$2,924,637$2,657,001$3,609,462
73$4,350,953$3,004,294$2,682,360$3,813,235
74$4,729,095$3,085,850$2,706,564$4,033,455
75$5,143,740$3,169,333$2,729,511$4,271,698
76$5,598,544$3,254,773$2,751,092$4,529,697
77$6,097,539$3,342,200$2,771,197$4,809,357
78$6,645,161$3,431,641$2,789,705$5,112,781
79$7,246,299$3,523,123$2,806,492$5,442,279
80$7,906,338$3,616,673$2,821,426$5,800,399
81$8,631,210$3,712,315$2,834,369$6,189,945
82$9,427,449$3,810,074$2,845,176$6,614,004
83$10,302,254$3,909,973$2,853,695$7,075,978
84$11,263,556$4,012,033$2,859,765$7,579,613
85$12,320,089$4,116,274$2,863,219$8,129,036
86$13,481,481$4,222,714$2,863,879$8,728,793
87$14,758,333$4,331,368$2,861,560$9,383,891
88$16,162,330$4,442,252$2,856,069$10,099,846
89$17,706,341$4,555,376$2,847,201$10,882,737
90$19,404,549$4,670,750$2,834,743$11,739,257
91$21,272,576$4,788,380$2,818,470$12,676,785
92$23,327,639$4,908,271$2,798,149$13,703,448
93$25,588,703$5,030,422$2,773,532$14,828,200
94$28,076,668$5,154,829$2,744,363$16,060,910
95$30,814,560$5,281,488$2,710,371$17,412,449
96$33,827,750$5,410,385$2,671,273$18,894,797
97$37,144,194$5,541,508$2,626,774$20,521,155
98$40,794,694$5,674,834$2,576,563$22,306,068
99$44,813,192$5,810,340$2,520,317$24,265,564
100$49,237,086$5,947,995$2,457,696$26,417,306