Can I retire at age 67 with 2,490,000?

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 $2,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$205,622$203,790$202,003$200,259$198,556$197,140
2 years$101,793$99,897$98,060$96,278$94,551$93,122
3 years$67,188$65,284$63,451$61,687$59,987$58,591
4 years$49,889$47,991$46,176$44,442$42,783$41,430
5 years$39,512$37,625$35,835$34,135$32,523$31,217
6 years$32,596$30,724$28,960$27,298$25,734$24,477
7 years$27,659$25,802$24,066$22,444$20,929$19,721
8 years$23,957$22,117$20,410$18,827$17,363$16,204
9 years$21,079$19,257$17,579$16,037$14,622$13,513
10 years$18,779$16,974$15,326$13,824$12,458$11,398
11 years$16,898$15,111$13,492$12,031$10,715$9,702
12 years$15,331$13,563$11,974$10,553$9,285$8,319
13 years$14,007$12,257$10,698$9,316$8,097$7,177
14 years$12,872$11,141$9,612$8,270$7,098$6,222
15 years$11,890$10,178$8,679$7,375$6,249$5,417
16 years$11,032$9,338$7,868$6,604$5,523$4,733
17 years$10,275$8,600$7,160$5,934$4,897$4,148
18 years$9,603$7,946$6,536$5,347$4,354$3,645
19 years$9,002$7,365$5,984$4,832$3,881$3,210
20 years$8,463$6,844$5,491$4,376$3,467$2,833
21 years$7,975$6,375$5,051$3,972$3,102$2,504
22 years$7,532$5,950$4,655$3,611$2,781$2,216
23 years$7,129$5,565$4,298$3,289$2,496$1,964
24 years$6,759$5,214$3,975$2,999$2,244$1,743
25 years$6,420$4,893$3,682$2,739$2,019$1,548
26 years$6,107$4,599$3,415$2,505$1,819$1,376
27 years$5,818$4,328$3,171$2,293$1,640$1,225
28 years$5,550$4,078$2,948$2,100$1,479$1,090
29 years$5,301$3,848$2,743$1,926$1,336$971
30 years$5,069$3,634$2,555$1,768$1,207$866
31 years$4,852$3,435$2,382$1,624$1,091$772
32 years$4,649$3,250$2,223$1,492$987$689
33 years$4,459$3,078$2,075$1,372$893$615
34 years$4,281$2,917$1,939$1,262$809$549
35 years$4,113$2,767$1,813$1,162$733$490
36 years$3,955$2,626$1,696$1,070$664$438
37 years$3,805$2,494$1,587$986$602$391
38 years$3,664$2,370$1,486$909$545$350
39 years$3,531$2,254$1,393$838$495$312
40 years$3,404$2,145$1,305$773$449$279
41 years$3,284$2,041$1,224$713$407$250
42 years$3,170$1,944$1,148$658$369$223
43 years$3,062$1,852$1,077$608$335$200
44 years$2,958$1,766$1,011$561$304$179
45 years$2,860$1,684$950$518$276$160
46 years$2,766$1,606$892$479$251$143
47 years$2,677$1,533$838$442$228$128
48 years$2,591$1,463$787$409$207$114
49 years$2,509$1,397$740$378$188$102
50 years$2,431$1,335$696$349$171$92

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,490,000, adding $4,347 every year, while hoping to spend $30,433 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: 48/24/28 Blend
66$2,490,000$2,490,000$2,490,000$2,490,000
67$2,748,464$2,616,494$2,577,899$2,858,234
68$2,996,427$2,712,322$2,631,878$3,031,727
69$3,268,662$2,811,825$2,686,646$3,216,699
70$3,567,613$2,915,152$2,742,196$3,416,995
71$3,895,971$3,022,456$2,798,521$3,634,074
72$4,256,703$3,133,900$2,855,614$3,869,544
73$4,653,075$3,249,649$2,913,466$4,125,171
74$5,088,686$3,369,878$2,972,064$4,402,902
75$5,567,500$3,494,771$3,031,396$4,704,874
76$6,093,886$3,624,516$3,091,449$5,033,443
77$6,672,656$3,759,311$3,152,206$5,391,198
78$7,309,113$3,899,362$3,213,651$5,780,993
79$8,009,097$4,044,886$3,275,763$6,205,965
80$8,779,044$4,196,105$3,338,520$6,669,569
81$9,626,047$4,353,254$3,401,901$7,175,608
82$10,557,917$4,516,577$3,465,878$7,728,269
83$11,583,264$4,686,328$3,530,424$8,332,162
84$12,711,571$4,862,773$3,595,508$8,992,361
85$13,953,291$5,046,188$3,661,097$9,714,455
86$15,319,938$5,236,863$3,727,155$10,504,598
87$16,824,201$5,435,098$3,793,644$11,369,566
88$18,480,059$5,641,208$3,860,521$12,316,821
89$20,302,919$5,855,521$3,927,742$13,354,581
90$22,309,753$6,078,378$3,995,258$14,491,898
91$24,519,267$6,310,138$4,063,018$15,738,741
92$26,952,070$6,551,172$4,130,967$17,106,088
93$29,630,872$6,801,870$4,199,045$18,606,033
94$32,580,697$7,062,638$4,267,189$20,251,898
95$35,829,119$7,333,898$4,335,331$22,058,355
96$39,406,524$7,616,094$4,403,399$24,041,568
97$43,346,393$7,909,687$4,471,317$26,219,340
98$47,685,622$8,215,158$4,539,003$28,611,287
99$52,464,866$8,533,011$4,606,370$31,239,015
100$57,728,925$8,863,772$4,673,326$34,126,327