Can I retire at age 67 with 2,470,000?

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 $2,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$203,970$202,153$200,381$198,651$196,961$193,301
2 years$100,975$99,095$97,272$95,505$93,791$90,117
3 years$66,648$64,760$62,942$61,191$59,505$55,932
4 years$49,488$47,605$45,805$44,085$42,439$38,994
5 years$39,195$37,323$35,547$33,861$32,262$28,955
6 years$32,335$30,477$28,727$27,079$25,528$22,363
7 years$27,436$25,595$23,872$22,263$20,761$17,738
8 years$23,765$21,939$20,246$18,676$17,223$14,343
9 years$20,910$19,102$17,438$15,908$14,504$11,764
10 years$18,628$16,838$15,202$13,713$12,358$9,756
11 years$16,762$14,989$13,384$11,934$10,629$8,161
12 years$15,208$13,454$11,878$10,468$9,211$6,874
13 years$13,894$12,158$10,612$9,242$8,032$5,822
14 years$12,769$11,052$9,535$8,204$7,041$4,955
15 years$11,795$10,096$8,609$7,316$6,199$4,233
16 years$10,943$9,263$7,805$6,551$5,479$3,627
17 years$10,192$8,531$7,102$5,886$4,858$3,117
18 years$9,526$7,883$6,484$5,304$4,319$2,684
19 years$8,930$7,306$5,935$4,793$3,850$2,316
20 years$8,395$6,789$5,447$4,341$3,439$2,002
21 years$7,911$6,323$5,010$3,940$3,077$1,733
22 years$7,472$5,903$4,618$3,582$2,758$1,502
23 years$7,071$5,521$4,264$3,262$2,476$1,303
24 years$6,705$5,172$3,943$2,975$2,226$1,131
25 years$6,368$4,854$3,652$2,717$2,003$983
26 years$6,058$4,562$3,387$2,485$1,804$854
27 years$5,771$4,293$3,145$2,274$1,626$743
28 years$5,505$4,046$2,924$2,084$1,468$647
29 years$5,258$3,817$2,721$1,911$1,325$563
30 years$5,028$3,604$2,535$1,754$1,197$491
31 years$4,813$3,407$2,363$1,611$1,083$428
32 years$4,612$3,224$2,205$1,480$979$373
33 years$4,423$3,053$2,058$1,361$886$325
34 years$4,246$2,894$1,923$1,252$802$284
35 years$4,080$2,745$1,798$1,153$727$247
36 years$3,923$2,605$1,682$1,062$658$216
37 years$3,775$2,474$1,574$978$597$188
38 years$3,635$2,351$1,474$902$541$164
39 years$3,502$2,236$1,381$831$491$143
40 years$3,377$2,127$1,295$767$445$125
41 years$3,258$2,025$1,214$707$404$109
42 years$3,145$1,929$1,139$653$366$95
43 years$3,037$1,838$1,069$603$332$83
44 years$2,935$1,752$1,003$557$302$73
45 years$2,837$1,670$942$514$274$63
46 years$2,744$1,593$885$475$249$55
47 years$2,655$1,521$831$439$226$48
48 years$2,570$1,452$781$405$205$42
49 years$2,489$1,386$734$375$186$37
50 years$2,412$1,324$690$346$169$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,470,000, adding $6,317 every year, while hoping to spend $48,884 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: 49/24/27 Blend
66$2,470,000$2,470,000$2,470,000$2,470,000
67$2,728,456$2,597,546$2,559,261$2,840,958
68$2,954,746$2,672,814$2,592,984$2,995,652
69$3,202,480$2,750,131$2,626,198$3,158,273
70$3,473,792$2,829,547$2,658,835$3,333,997
71$3,771,035$2,911,111$2,690,823$3,524,086
72$4,096,799$2,994,873$2,722,083$3,729,930
73$4,453,936$3,080,885$2,752,536$3,953,061
74$4,845,587$3,169,199$2,782,096$4,195,162
75$5,275,214$3,259,866$2,810,673$4,458,092
76$5,746,626$3,352,940$2,838,172$4,743,896
77$6,264,023$3,448,476$2,864,492$5,054,825
78$6,832,029$3,546,526$2,889,527$5,393,361
79$7,455,737$3,647,147$2,913,168$5,762,238
80$8,140,759$3,750,394$2,935,296$6,164,468
81$8,893,276$3,856,323$2,955,788$6,603,367
82$9,720,098$3,964,990$2,974,514$7,082,591
83$10,628,726$4,076,453$2,991,339$7,606,168
84$11,627,426$4,190,769$3,006,118$8,178,535
85$12,725,302$4,307,995$3,018,701$8,804,581
86$13,932,385$4,428,189$3,028,931$9,489,692
87$15,259,728$4,551,410$3,036,639$10,239,807
88$16,719,506$4,677,715$3,041,652$11,061,464
89$18,325,135$4,807,163$3,043,787$11,961,873
90$20,091,396$4,939,810$3,042,851$12,948,975
91$22,034,573$5,075,717$3,038,642$14,031,523
92$24,172,612$5,214,939$3,030,948$15,219,161
93$26,525,281$5,357,534$3,019,548$16,522,518
94$29,114,366$5,503,558$3,004,209$17,953,306
95$31,963,867$5,653,069$2,984,686$19,524,433
96$35,100,232$5,806,120$2,960,723$21,250,121
97$38,552,602$5,962,766$2,932,054$23,146,045
98$42,353,087$6,123,061$2,898,397$25,229,480
99$46,537,066$6,287,056$2,859,458$27,519,461
100$51,143,527$6,454,801$2,814,929$30,036,967