Can I retire at age 67 with 2,460,000?

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 $2,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$203,145$201,335$199,570$197,846$196,164$191,968
2 years$100,567$98,694$96,878$95,118$93,411$89,204
3 years$66,378$64,497$62,687$60,943$59,264$55,177
4 years$49,288$47,412$45,620$43,906$42,268$38,333
5 years$39,036$37,172$35,403$33,724$32,131$28,359
6 years$32,204$30,354$28,611$26,970$25,424$21,819
7 years$27,325$25,491$23,776$22,173$20,677$17,240
8 years$23,668$21,850$20,164$18,600$17,153$13,883
9 years$20,825$19,025$17,367$15,843$14,446$11,339
10 years$18,552$16,769$15,141$13,657$12,308$9,363
11 years$16,694$14,929$13,330$11,886$10,586$7,797
12 years$15,146$13,399$11,830$10,426$9,173$6,538
13 years$13,838$12,109$10,569$9,204$7,999$5,512
14 years$12,717$11,007$9,496$8,170$7,012$4,669
15 years$11,747$10,055$8,574$7,287$6,174$3,969
16 years$10,899$9,225$7,774$6,524$5,457$3,384
17 years$10,151$8,496$7,074$5,862$4,838$2,894
18 years$9,487$7,851$6,457$5,283$4,302$2,479
19 years$8,894$7,276$5,911$4,774$3,834$2,128
20 years$8,361$6,761$5,425$4,323$3,425$1,830
21 years$7,879$6,298$4,990$3,924$3,065$1,575
22 years$7,441$5,879$4,599$3,568$2,747$1,358
23 years$7,043$5,498$4,247$3,249$2,466$1,172
24 years$6,678$5,152$3,927$2,963$2,217$1,012
25 years$6,342$4,834$3,637$2,706$1,995$874
26 years$6,033$4,544$3,374$2,474$1,797$756
27 years$5,748$4,276$3,133$2,265$1,620$654
28 years$5,483$4,029$2,912$2,075$1,462$566
29 years$5,237$3,801$2,710$1,903$1,320$490
30 years$5,007$3,590$2,524$1,746$1,193$424
31 years$4,793$3,394$2,353$1,604$1,078$368
32 years$4,593$3,211$2,196$1,474$975$319
33 years$4,405$3,041$2,050$1,356$883$276
34 years$4,229$2,882$1,916$1,247$799$239
35 years$4,063$2,734$1,791$1,148$724$208
36 years$3,907$2,595$1,675$1,057$656$180
37 years$3,760$2,464$1,568$974$594$156
38 years$3,620$2,342$1,468$898$539$135
39 years$3,488$2,227$1,376$828$489$118
40 years$3,363$2,119$1,290$764$443$102
41 years$3,245$2,017$1,209$705$402$88
42 years$3,132$1,921$1,134$650$365$77
43 years$3,025$1,830$1,064$600$331$67
44 years$2,923$1,744$999$554$301$58
45 years$2,826$1,664$938$512$273$50
46 years$2,733$1,587$881$473$248$44
47 years$2,645$1,514$828$437$225$38
48 years$2,560$1,446$778$404$204$33
49 years$2,479$1,381$731$373$186$28
50 years$2,402$1,319$687$345$169$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,460,000, adding $4,740 every year, while hoping to spend $36,421 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: 60/24/16 Blend
66$2,460,000$2,460,000$2,460,000$2,460,000
67$2,715,809$2,585,429$2,547,299$2,867,439
68$2,954,070$2,673,364$2,593,882$3,058,237
69$3,215,413$2,764,386$2,640,805$3,261,807
70$3,502,154$2,858,610$2,688,040$3,483,031
71$3,816,843$2,956,151$2,735,559$3,723,620
72$4,162,291$3,057,133$2,783,331$3,985,458
73$4,541,593$3,161,680$2,831,320$4,270,617
74$4,958,158$3,269,925$2,879,492$4,581,379
75$5,415,743$3,382,004$2,927,808$4,920,256
76$5,918,484$3,498,058$2,976,225$5,290,011
77$6,470,941$3,618,234$3,024,700$5,693,689
78$7,078,134$3,742,685$3,073,185$6,134,641
79$7,745,597$3,871,570$3,121,630$6,616,557
80$8,479,424$4,005,053$3,169,980$7,143,499
81$9,286,330$4,143,305$3,218,180$7,719,941
82$10,173,714$4,286,506$3,266,167$8,350,809
83$11,149,727$4,434,838$3,313,877$9,041,530
84$12,223,349$4,588,495$3,361,242$9,798,078
85$13,404,476$4,747,677$3,408,189$10,627,035
86$14,704,009$4,912,590$3,454,640$11,535,648
87$16,133,962$5,083,450$3,500,514$12,531,901
88$17,707,569$5,260,483$3,545,725$13,624,588
89$19,439,415$5,443,920$3,590,180$14,823,396
90$21,345,567$5,634,004$3,633,783$16,138,993
91$23,443,732$5,830,987$3,676,432$17,583,133
92$25,753,419$6,035,131$3,718,018$19,168,765
93$28,296,124$6,246,709$3,758,428$20,910,152
94$31,095,534$6,466,004$3,797,542$22,823,007
95$34,177,750$6,693,310$3,835,231$24,924,642
96$37,571,533$6,928,934$3,871,363$27,234,127
97$41,308,572$7,173,194$3,905,796$29,772,474
98$45,423,788$7,426,423$3,938,383$32,562,831
99$49,955,662$7,688,965$3,968,966$35,630,703
100$54,946,593$7,961,178$3,997,380$39,004,189