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%12.6%
1 years$203,145$201,335$199,570$197,846$196,164$194,035
2 years$100,567$98,694$96,878$95,118$93,411$91,267
3 years$66,378$64,497$62,687$60,943$59,264$57,172
4 years$49,288$47,412$45,620$43,906$42,268$40,244
5 years$39,036$37,172$35,403$33,724$32,131$30,181
6 years$32,204$30,354$28,611$26,970$25,424$23,551
7 years$27,325$25,491$23,776$22,173$20,677$18,880
8 years$23,668$21,850$20,164$18,600$17,153$15,434
9 years$20,825$19,025$17,367$15,843$14,446$12,802
10 years$18,552$16,769$15,141$13,657$12,308$10,740
11 years$16,694$14,929$13,330$11,886$10,586$9,092
12 years$15,146$13,399$11,830$10,426$9,173$7,752
13 years$13,838$12,109$10,569$9,204$7,999$6,648
14 years$12,717$11,007$9,496$8,170$7,012$5,730
15 years$11,747$10,055$8,574$7,287$6,174$4,959
16 years$10,899$9,225$7,774$6,524$5,457$4,306
17 years$10,151$8,496$7,074$5,862$4,838$3,750
18 years$9,487$7,851$6,457$5,283$4,302$3,275
19 years$8,894$7,276$5,911$4,774$3,834$2,865
20 years$8,361$6,761$5,425$4,323$3,425$2,512
21 years$7,879$6,298$4,990$3,924$3,065$2,205
22 years$7,441$5,879$4,599$3,568$2,747$1,939
23 years$7,043$5,498$4,247$3,249$2,466$1,707
24 years$6,678$5,152$3,927$2,963$2,217$1,504
25 years$6,342$4,834$3,637$2,706$1,995$1,327
26 years$6,033$4,544$3,374$2,474$1,797$1,171
27 years$5,748$4,276$3,133$2,265$1,620$1,034
28 years$5,483$4,029$2,912$2,075$1,462$914
29 years$5,237$3,801$2,710$1,903$1,320$809
30 years$5,007$3,590$2,524$1,746$1,193$716
31 years$4,793$3,394$2,353$1,604$1,078$633
32 years$4,593$3,211$2,196$1,474$975$561
33 years$4,405$3,041$2,050$1,356$883$497
34 years$4,229$2,882$1,916$1,247$799$440
35 years$4,063$2,734$1,791$1,148$724$390
36 years$3,907$2,595$1,675$1,057$656$346
37 years$3,760$2,464$1,568$974$594$307
38 years$3,620$2,342$1,468$898$539$272
39 years$3,488$2,227$1,376$828$489$241
40 years$3,363$2,119$1,290$764$443$214
41 years$3,245$2,017$1,209$705$402$190
42 years$3,132$1,921$1,134$650$365$169
43 years$3,025$1,830$1,064$600$331$150
44 years$2,923$1,744$999$554$301$133
45 years$2,826$1,664$938$512$273$118
46 years$2,733$1,587$881$473$248$105
47 years$2,645$1,514$828$437$225$93
48 years$2,560$1,446$778$404$204$82
49 years$2,479$1,381$731$373$186$73
50 years$2,402$1,319$687$345$169$65

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 $6,945 every year, while hoping to spend $49,073 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: 72/18/10 Blend
66$2,460,000$2,460,000$2,460,000$2,460,000
67$2,718,084$2,587,704$2,549,574$2,908,132
68$2,943,115$2,662,288$2,582,771$3,109,278
69$3,189,455$2,738,882$2,615,436$3,322,713
70$3,459,225$2,817,533$2,647,499$3,555,069
71$3,754,761$2,898,287$2,678,885$3,808,201
72$4,078,637$2,981,194$2,709,518$4,084,152
73$4,433,686$3,066,301$2,739,316$4,385,171
74$4,823,030$3,153,657$2,768,191$4,713,735
75$5,250,106$3,243,313$2,796,052$5,072,572
76$5,718,700$3,335,319$2,822,803$5,464,686
77$6,232,983$3,429,725$2,848,342$5,893,384
78$6,797,548$3,526,582$2,872,562$6,362,311
79$7,417,457$3,625,943$2,895,352$6,875,479
80$8,098,282$3,727,859$2,916,591$7,437,310
81$8,846,165$3,832,383$2,936,155$8,052,673
82$9,667,871$3,939,567$2,953,914$8,726,932
83$10,570,853$4,049,464$2,969,728$9,465,996
84$11,563,319$4,162,127$2,983,453$10,276,374
85$12,654,315$4,277,609$2,994,936$11,165,238
86$13,853,806$4,395,963$3,004,018$12,140,487
87$15,172,771$4,517,242$3,010,529$13,210,825
88$16,623,306$4,641,499$3,014,294$14,385,843
89$18,218,737$4,768,786$3,015,127$15,676,104
90$19,973,747$4,899,156$3,012,832$17,093,248
91$21,904,514$5,032,659$3,007,207$18,650,102
92$24,028,863$5,169,348$2,998,037$20,360,794
93$26,366,434$5,309,273$2,985,098$22,240,896
94$28,938,865$5,452,482$2,968,154$24,307,561
95$31,770,001$5,599,025$2,946,959$26,579,693
96$34,886,113$5,748,949$2,921,253$29,078,118
97$38,316,148$5,902,300$2,890,767$31,825,786
98$42,092,005$6,059,122$2,855,217$34,847,984
99$46,248,828$6,219,457$2,814,306$38,172,577
100$50,825,345$6,383,348$2,767,722$41,830,269