Can I retire at age 67 with 2,450,000?

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 $2,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$202,319$200,517$198,758$197,042$195,366$193,407
2 years$100,158$98,292$96,485$94,732$93,032$91,058
3 years$66,109$64,235$62,432$60,696$59,023$57,096
4 years$49,087$47,220$45,434$43,728$42,096$40,231
5 years$38,877$37,021$35,259$33,587$32,001$30,203
6 years$32,073$30,230$28,495$26,860$25,321$23,593
7 years$27,214$25,387$23,679$22,083$20,593$18,935
8 years$23,572$21,762$20,082$18,525$17,084$15,497
9 years$20,741$18,947$17,296$15,779$14,387$12,870
10 years$18,477$16,701$15,079$13,602$12,258$10,810
11 years$16,626$14,868$13,276$11,838$10,543$9,162
12 years$15,085$13,345$11,782$10,383$9,136$7,821
13 years$13,782$12,060$10,526$9,167$7,967$6,717
14 years$12,666$10,962$9,458$8,137$6,984$5,797
15 years$11,699$10,014$8,539$7,257$6,149$5,023
16 years$10,854$9,188$7,742$6,498$5,434$4,368
17 years$10,110$8,462$7,045$5,838$4,819$3,810
18 years$9,449$7,819$6,431$5,261$4,284$3,331
19 years$8,858$7,246$5,887$4,754$3,819$2,919
20 years$8,327$6,734$5,403$4,306$3,411$2,562
21 years$7,847$6,272$4,970$3,908$3,052$2,253
22 years$7,411$5,855$4,580$3,553$2,736$1,984
23 years$7,014$5,476$4,229$3,236$2,456$1,749
24 years$6,650$5,131$3,911$2,951$2,208$1,544
25 years$6,316$4,815$3,623$2,695$1,987$1,364
26 years$6,009$4,525$3,360$2,464$1,789$1,206
27 years$5,724$4,259$3,120$2,256$1,613$1,067
28 years$5,461$4,013$2,900$2,067$1,456$945
29 years$5,215$3,786$2,699$1,895$1,314$837
30 years$4,987$3,575$2,514$1,739$1,188$742
31 years$4,774$3,380$2,344$1,597$1,074$657
32 years$4,575$3,198$2,187$1,468$971$583
33 years$4,388$3,029$2,042$1,350$879$517
34 years$4,212$2,870$1,908$1,242$796$459
35 years$4,047$2,722$1,784$1,143$721$408
36 years$3,891$2,584$1,669$1,053$653$362
37 years$3,744$2,454$1,562$970$592$322
38 years$3,605$2,332$1,462$894$537$286
39 years$3,474$2,218$1,370$825$487$254
40 years$3,350$2,110$1,284$761$441$226
41 years$3,231$2,009$1,204$702$400$200
42 years$3,119$1,913$1,130$648$363$178
43 years$3,013$1,823$1,060$598$330$158
44 years$2,911$1,737$995$552$299$141
45 years$2,814$1,657$934$510$272$125
46 years$2,722$1,580$877$471$247$111
47 years$2,634$1,508$824$435$224$99
48 years$2,550$1,440$775$402$203$88
49 years$2,469$1,375$728$372$185$78
50 years$2,392$1,313$685$343$168$70

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,450,000, adding $3,177 every year, while hoping to spend $46,622 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: 26/45/29 Blend
66$2,450,000$2,450,000$2,450,000$2,450,000
67$2,703,177$2,573,327$2,535,352$2,748,945
68$2,929,296$2,649,815$2,570,681$2,863,510
69$3,176,916$2,728,488$2,605,631$2,982,161
70$3,448,181$2,809,404$2,640,140$3,108,518
71$3,745,454$2,892,622$2,674,142$3,243,263
72$4,071,333$2,978,203$2,707,568$3,387,151
73$4,428,682$3,066,209$2,740,346$3,541,009
74$4,820,657$3,156,702$2,772,396$3,705,747
75$5,250,731$3,249,748$2,803,638$3,882,367
76$5,722,731$3,345,411$2,833,986$4,071,971
77$6,240,872$3,443,759$2,863,347$4,275,771
78$6,809,798$3,544,860$2,891,626$4,495,101
79$7,434,624$3,648,784$2,918,722$4,731,429
80$8,120,984$3,755,604$2,944,528$4,986,371
81$8,875,086$3,865,390$2,968,931$5,261,707
82$9,703,768$3,978,217$2,991,813$5,559,395
83$10,614,563$4,094,160$3,013,050$5,881,593
84$11,615,771$4,213,296$3,032,510$6,230,675
85$12,716,536$4,335,704$3,050,055$6,609,257
86$13,926,931$4,461,462$3,065,540$7,020,219
87$15,258,056$4,590,652$3,078,814$7,466,734
88$16,722,139$4,723,355$3,089,715$7,952,297
89$18,332,653$4,859,655$3,098,076$8,480,757
90$20,104,442$4,999,636$3,103,720$9,056,355
91$22,053,862$5,143,386$3,106,462$9,683,761
92$24,198,934$5,290,990$3,106,107$10,368,123
93$26,559,514$5,442,537$3,102,450$11,115,111
94$29,157,481$5,598,118$3,095,279$11,930,970
95$32,016,940$5,757,822$3,084,367$12,822,584
96$35,164,454$5,921,741$3,069,479$13,797,537
97$38,629,291$6,089,969$3,050,369$14,864,183
98$42,443,701$6,262,599$3,026,778$16,031,731
99$46,643,217$6,439,726$2,998,435$17,310,325
100$51,266,998$6,621,445$2,965,055$18,711,145