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

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 $2,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$203,145$201,335$199,570$197,846$196,164$191,266
2 years$100,567$98,694$96,878$95,118$93,411$88,508
3 years$66,378$64,497$62,687$60,943$59,264$54,509
4 years$49,288$47,412$45,620$43,906$42,268$37,696
5 years$39,036$37,172$35,403$33,724$32,131$27,757
6 years$32,204$30,354$28,611$26,970$25,424$21,251
7 years$27,325$25,491$23,776$22,173$20,677$16,706
8 years$23,668$21,850$20,164$18,600$17,153$13,382
9 years$20,825$19,025$17,367$15,843$14,446$10,871
10 years$18,552$16,769$15,141$13,657$12,308$8,927
11 years$16,694$14,929$13,330$11,886$10,586$7,392
12 years$15,146$13,399$11,830$10,426$9,173$6,162
13 years$13,838$12,109$10,569$9,204$7,999$5,164
14 years$12,717$11,007$9,496$8,170$7,012$4,347
15 years$11,747$10,055$8,574$7,287$6,174$3,672
16 years$10,899$9,225$7,774$6,524$5,457$3,111
17 years$10,151$8,496$7,074$5,862$4,838$2,643
18 years$9,487$7,851$6,457$5,283$4,302$2,250
19 years$8,894$7,276$5,911$4,774$3,834$1,918
20 years$8,361$6,761$5,425$4,323$3,425$1,638
21 years$7,879$6,298$4,990$3,924$3,065$1,401
22 years$7,441$5,879$4,599$3,568$2,747$1,199
23 years$7,043$5,498$4,247$3,249$2,466$1,027
24 years$6,678$5,152$3,927$2,963$2,217$881
25 years$6,342$4,834$3,637$2,706$1,995$755
26 years$6,033$4,544$3,374$2,474$1,797$648
27 years$5,748$4,276$3,133$2,265$1,620$557
28 years$5,483$4,029$2,912$2,075$1,462$478
29 years$5,237$3,801$2,710$1,903$1,320$411
30 years$5,007$3,590$2,524$1,746$1,193$354
31 years$4,793$3,394$2,353$1,604$1,078$304
32 years$4,593$3,211$2,196$1,474$975$262
33 years$4,405$3,041$2,050$1,356$883$225
34 years$4,229$2,882$1,916$1,247$799$194
35 years$4,063$2,734$1,791$1,148$724$167
36 years$3,907$2,595$1,675$1,057$656$143
37 years$3,760$2,464$1,568$974$594$123
38 years$3,620$2,342$1,468$898$539$106
39 years$3,488$2,227$1,376$828$489$91
40 years$3,363$2,119$1,290$764$443$79
41 years$3,245$2,017$1,209$705$402$68
42 years$3,132$1,921$1,134$650$365$58
43 years$3,025$1,830$1,064$600$331$50
44 years$2,923$1,744$999$554$301$43
45 years$2,826$1,664$938$512$273$37
46 years$2,733$1,587$881$473$248$32
47 years$2,645$1,514$828$437$225$28
48 years$2,560$1,446$778$404$204$24
49 years$2,479$1,381$731$373$186$21
50 years$2,402$1,319$687$345$169$18

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 $2,612 every year, while hoping to spend $28,413 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: 43/39/18 Blend
66$2,460,000$2,460,000$2,460,000$2,460,000
67$2,713,614$2,583,234$2,545,104$2,815,980
68$2,960,172$2,679,582$2,600,134$2,984,739
69$3,230,926$2,779,698$2,656,055$3,164,466
70$3,528,314$2,883,737$2,712,867$3,358,587
71$3,855,023$2,991,861$2,770,569$3,568,440
72$4,214,012$3,104,238$2,829,159$3,795,496
73$4,608,539$3,221,044$2,888,634$4,041,372
74$5,042,195$3,342,461$2,948,989$4,307,842
75$5,518,938$3,468,680$3,010,219$4,596,858
76$6,043,125$3,599,901$3,072,317$4,910,567
77$6,619,559$3,736,331$3,135,274$5,251,327
78$7,253,531$3,878,187$3,199,082$5,621,733
79$7,950,868$4,025,696$3,263,729$6,024,637
80$8,717,995$4,179,094$3,329,202$6,463,176
81$9,561,987$4,338,626$3,395,487$6,940,803
82$10,490,641$4,504,550$3,462,567$7,461,313
83$11,512,548$4,677,134$3,530,425$8,028,885
84$12,637,173$4,856,659$3,599,039$8,648,114
85$13,874,945$5,043,416$3,668,387$9,324,058
86$15,237,357$5,237,710$3,738,446$10,062,282
87$16,737,071$5,439,861$3,809,187$10,868,913
88$18,388,039$5,650,201$3,880,581$11,750,693
89$20,205,634$5,869,077$3,952,597$12,715,042
90$22,206,798$6,096,851$4,025,198$13,770,131
91$24,410,197$6,333,902$4,098,347$14,924,951
92$26,836,399$6,580,625$4,172,004$16,189,405
93$29,508,069$6,837,433$4,246,123$17,574,392
94$32,450,182$7,104,757$4,320,658$19,091,914
95$35,690,257$7,383,047$4,395,557$20,755,188
96$39,258,620$7,672,773$4,470,764$22,578,765
97$43,188,686$7,974,426$4,546,222$24,578,669
98$47,517,279$8,288,519$4,621,867$26,772,549
99$52,284,973$8,615,588$4,697,632$29,179,837
100$57,536,481$8,956,193$4,773,443$31,821,936