Can I retire at age 67 with 2,510,000?

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 $2,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$207,273$205,427$203,626$201,868$200,151$198,391
2 years$102,611$100,700$98,848$97,052$95,310$93,537
3 years$67,728$65,808$63,961$62,182$60,469$58,737
4 years$50,289$48,376$46,547$44,799$43,127$41,449
5 years$39,829$37,927$36,122$34,410$32,784$31,167
6 years$32,858$30,971$29,192$27,518$25,941$24,385
7 years$27,881$26,009$24,259$22,624$21,097$19,604
8 years$24,149$22,295$20,574$18,979$17,502$16,071
9 years$21,249$19,411$17,720$16,166$14,739$13,370
10 years$18,930$17,110$15,449$13,935$12,559$11,251
11 years$17,033$15,232$13,601$12,127$10,801$9,553
12 years$15,454$13,672$12,070$10,637$9,360$8,171
13 years$14,119$12,355$10,784$9,391$8,162$7,031
14 years$12,976$11,230$9,690$8,337$7,155$6,080
15 years$11,986$10,259$8,748$7,435$6,300$5,279
16 years$11,120$9,413$7,932$6,657$5,568$4,600
17 years$10,357$8,669$7,217$5,981$4,937$4,020
18 years$9,680$8,010$6,589$5,390$4,389$3,523
19 years$9,075$7,424$6,032$4,871$3,912$3,093
20 years$8,531$6,899$5,535$4,411$3,495$2,722
21 years$8,039$6,426$5,092$4,003$3,127$2,399
22 years$7,593$5,998$4,693$3,640$2,803$2,117
23 years$7,186$5,610$4,333$3,315$2,516$1,871
24 years$6,813$5,256$4,007$3,024$2,262$1,655
25 years$6,471$4,933$3,711$2,761$2,035$1,465
26 years$6,156$4,636$3,442$2,525$1,833$1,298
27 years$5,864$4,363$3,196$2,311$1,653$1,152
28 years$5,594$4,111$2,971$2,117$1,491$1,022
29 years$5,343$3,878$2,765$1,942$1,347$908
30 years$5,109$3,663$2,576$1,782$1,217$806
31 years$4,891$3,463$2,401$1,637$1,100$717
32 years$4,687$3,276$2,240$1,504$995$637
33 years$4,495$3,103$2,092$1,383$901$567
34 years$4,315$2,941$1,954$1,273$815$504
35 years$4,146$2,789$1,827$1,171$738$449
36 years$3,986$2,647$1,709$1,079$669$400
37 years$3,836$2,514$1,600$994$606$356
38 years$3,694$2,390$1,498$916$550$317
39 years$3,559$2,272$1,404$845$499$282
40 years$3,432$2,162$1,316$779$452$252
41 years$3,311$2,058$1,234$719$410$224
42 years$3,196$1,960$1,157$664$372$200
43 years$3,086$1,867$1,086$612$338$178
44 years$2,982$1,780$1,019$566$307$159
45 years$2,883$1,697$957$522$278$141
46 years$2,789$1,619$899$482$253$126
47 years$2,698$1,545$845$446$230$112
48 years$2,612$1,475$794$412$208$100
49 years$2,530$1,409$746$381$189$89
50 years$2,451$1,346$701$352$172$80

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,510,000, adding $4,940 every year, while hoping to spend $53,555 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: 52/25/23 Blend
66$2,510,000$2,510,000$2,510,000$2,510,000
67$2,771,116$2,638,086$2,599,181$2,897,264
68$2,996,787$2,710,370$2,629,271$3,057,224
69$3,243,683$2,784,401$2,658,575$3,225,216
70$3,513,910$2,860,208$2,687,008$3,406,841
71$3,809,790$2,937,820$2,714,485$3,603,417
72$4,133,880$3,017,265$2,740,912$3,816,394
73$4,488,996$3,098,570$2,766,192$4,047,369
74$4,878,237$3,181,764$2,790,223$4,298,103
75$5,305,019$3,266,872$2,812,897$4,570,533
76$5,773,103$3,353,920$2,834,101$4,866,795
77$6,286,630$3,442,934$2,853,714$5,189,241
78$6,850,165$3,533,936$2,871,612$5,540,461
79$7,468,732$3,626,949$2,887,662$5,923,312
80$8,147,869$3,721,995$2,901,724$6,340,937
81$8,893,673$3,819,095$2,913,654$6,796,803
82$9,712,863$3,918,266$2,923,297$7,294,728
83$10,612,840$4,019,526$2,930,492$7,838,918
84$11,601,756$4,122,889$2,935,069$8,434,010
85$12,688,593$4,228,368$2,936,852$9,085,113
86$13,883,247$4,335,976$2,935,654$9,797,854
87$15,196,618$4,445,719$2,931,279$10,578,437
88$16,640,718$4,557,604$2,923,521$11,433,698
89$18,228,778$4,671,633$2,912,166$12,371,169
90$19,975,377$4,787,807$2,896,988$13,399,150
91$21,896,579$4,906,123$2,877,750$14,526,790
92$24,010,080$5,026,573$2,854,205$15,764,170
93$26,335,380$5,149,147$2,826,092$17,122,398
94$28,893,963$5,273,829$2,793,141$18,613,718
95$31,709,501$5,400,601$2,755,065$20,251,622
96$34,808,077$5,529,437$2,711,567$22,050,981
97$38,218,431$5,660,309$2,662,334$24,028,180
98$41,972,228$5,793,182$2,607,039$26,201,281
99$46,104,362$5,928,014$2,545,341$28,590,184
100$50,653,278$6,064,759$2,476,882$31,216,826