Can I retire at age 67 with 2,480,000?

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 $2,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$204,796$202,972$201,192$199,455$197,759$193,924
2 years$101,384$99,496$97,666$95,892$94,171$90,323
3 years$66,918$65,022$63,196$61,439$59,746$56,005
4 years$49,688$47,798$45,991$44,263$42,611$39,006
5 years$39,353$37,474$35,691$33,998$32,392$28,933
6 years$32,465$30,600$28,843$27,189$25,631$22,322
7 years$27,548$25,698$23,969$22,353$20,845$17,686
8 years$23,861$22,028$20,328$18,752$17,293$14,284
9 years$20,995$19,179$17,508$15,972$14,563$11,702
10 years$18,703$16,906$15,264$13,768$12,408$9,692
11 years$16,830$15,050$13,438$11,983$10,672$8,097
12 years$15,270$13,508$11,926$10,510$9,248$6,811
13 years$13,950$12,207$10,655$9,279$8,064$5,762
14 years$12,821$11,096$9,574$8,237$7,069$4,897
15 years$11,842$10,137$8,644$7,346$6,224$4,177
16 years$10,987$9,300$7,837$6,577$5,501$3,575
17 years$10,234$8,565$7,131$5,910$4,878$3,067
18 years$9,564$7,915$6,510$5,326$4,337$2,638
19 years$8,966$7,335$5,959$4,812$3,866$2,273
20 years$8,429$6,816$5,469$4,359$3,453$1,961
21 years$7,943$6,349$5,031$3,956$3,090$1,695
22 years$7,502$5,927$4,637$3,597$2,770$1,467
23 years$7,100$5,543$4,281$3,275$2,486$1,270
24 years$6,732$5,193$3,959$2,987$2,235$1,101
25 years$6,394$4,874$3,667$2,728$2,011$955
26 years$6,082$4,581$3,401$2,495$1,811$829
27 years$5,794$4,311$3,158$2,283$1,633$720
28 years$5,527$4,062$2,936$2,092$1,474$626
29 years$5,279$3,832$2,732$1,918$1,331$544
30 years$5,048$3,619$2,545$1,761$1,202$473
31 years$4,832$3,421$2,373$1,617$1,087$412
32 years$4,631$3,237$2,214$1,486$983$358
33 years$4,441$3,066$2,067$1,367$890$312
34 years$4,264$2,905$1,931$1,257$806$272
35 years$4,096$2,756$1,805$1,157$730$236
36 years$3,939$2,616$1,689$1,066$661$206
37 years$3,790$2,484$1,581$982$599$179
38 years$3,650$2,361$1,480$905$543$156
39 years$3,517$2,245$1,387$835$493$136
40 years$3,391$2,136$1,300$770$447$119
41 years$3,271$2,033$1,219$710$405$103
42 years$3,157$1,936$1,143$656$368$90
43 years$3,049$1,845$1,073$605$334$79
44 years$2,947$1,759$1,007$559$303$68
45 years$2,849$1,677$946$516$275$60
46 years$2,755$1,600$888$477$250$52
47 years$2,666$1,527$834$440$227$45
48 years$2,581$1,457$784$407$206$39
49 years$2,499$1,392$737$376$187$34
50 years$2,421$1,330$693$348$170$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,480,000, adding $4,399 every year, while hoping to spend $27,721 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: 51/37/12 Blend
66$2,480,000$2,480,000$2,480,000$2,480,000
67$2,737,498$2,606,058$2,567,618$2,868,117
68$2,987,227$2,704,259$2,624,138$3,056,119
69$3,261,501$2,806,344$2,681,622$3,257,086
70$3,562,791$2,912,473$2,740,074$3,474,930
71$3,893,825$3,022,813$2,799,496$3,711,246
72$4,257,605$3,137,540$2,859,888$3,967,792
73$4,657,438$3,256,837$2,921,252$4,246,498
74$5,096,969$3,380,895$2,983,587$4,549,485
75$5,580,214$3,509,912$3,046,891$4,879,087
76$6,111,595$3,644,097$3,111,161$5,237,872
77$6,695,986$3,783,666$3,176,393$5,628,661
78$7,338,756$3,928,846$3,242,582$6,054,559
79$8,045,823$4,079,873$3,309,722$6,518,983
80$8,823,703$4,236,993$3,377,804$7,025,691
81$9,679,579$4,400,464$3,446,819$7,578,818
82$10,621,365$4,570,555$3,516,756$8,182,914
83$11,657,777$4,747,546$3,587,601$8,842,987
84$12,798,425$4,931,730$3,659,340$9,564,548
85$14,053,893$5,123,413$3,731,956$10,353,663
86$15,435,844$5,322,915$3,805,431$11,217,009
87$16,957,130$5,530,568$3,879,743$12,161,935
88$18,631,913$5,746,721$3,954,870$13,196,534
89$20,475,797$5,971,739$4,030,786$14,329,712
90$22,505,974$6,206,000$4,107,464$15,571,278
91$24,741,391$6,449,902$4,184,871$16,932,029
92$27,202,925$6,703,859$4,262,976$18,423,856
93$29,913,579$6,968,304$4,341,742$20,059,851
94$32,898,703$7,243,690$4,421,129$21,854,430
95$36,186,228$7,530,488$4,501,095$23,823,472
96$39,806,935$7,829,193$4,581,593$25,984,461
97$43,794,739$8,140,321$4,662,573$28,356,652
98$48,187,016$8,464,410$4,743,983$30,961,254
99$53,024,949$8,802,023$4,825,764$33,821,624
100$58,353,922$9,153,750$4,907,854$36,963,490