Can I retire at age 67 with 2,520,000?

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 $2,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$208,099$206,246$204,437$202,672$200,948$197,376
2 years$103,019$101,101$99,241$97,438$95,690$92,103
3 years$67,997$66,070$64,216$62,430$60,709$57,220
4 years$50,490$48,569$46,733$44,977$43,299$39,933
5 years$39,988$38,079$36,266$34,547$32,915$29,683
6 years$32,989$31,094$29,309$27,627$26,044$22,950
7 years$27,992$26,113$24,356$22,714$21,181$18,224
8 years$24,246$22,383$20,655$19,054$17,572$14,753
9 years$21,333$19,489$17,791$16,230$14,798$12,115
10 years$19,005$17,178$15,510$13,990$12,609$10,059
11 years$17,101$15,293$13,655$12,176$10,844$8,425
12 years$15,516$13,726$12,118$10,680$9,397$7,105
13 years$14,175$12,404$10,827$9,429$8,194$6,027
14 years$13,027$11,275$9,728$8,370$7,183$5,135
15 years$12,033$10,300$8,783$7,464$6,325$4,393
16 years$11,165$9,450$7,963$6,683$5,590$3,770
17 years$10,399$8,703$7,246$6,005$4,956$3,244
18 years$9,719$8,042$6,615$5,412$4,407$2,798
19 years$9,111$7,453$6,056$4,890$3,928$2,418
20 years$8,565$6,926$5,558$4,429$3,508$2,093
21 years$8,071$6,451$5,112$4,019$3,140$1,814
22 years$7,623$6,022$4,711$3,655$2,814$1,575
23 years$7,214$5,632$4,350$3,328$2,526$1,368
24 years$6,840$5,277$4,023$3,036$2,271$1,190
25 years$6,497$4,952$3,726$2,772$2,043$1,035
26 years$6,180$4,654$3,456$2,535$1,840$902
27 years$5,888$4,380$3,209$2,320$1,659$786
28 years$5,617$4,128$2,983$2,126$1,497$685
29 years$5,364$3,894$2,776$1,949$1,352$598
30 years$5,130$3,677$2,586$1,789$1,222$521
31 years$4,910$3,476$2,411$1,643$1,104$455
32 years$4,705$3,289$2,249$1,510$999$397
33 years$4,513$3,115$2,100$1,389$904$347
34 years$4,332$2,952$1,962$1,278$819$303
35 years$4,162$2,800$1,835$1,176$741$265
36 years$4,002$2,658$1,716$1,083$672$231
37 years$3,851$2,524$1,606$998$609$202
38 years$3,708$2,399$1,504$920$552$177
39 years$3,573$2,281$1,409$848$501$155
40 years$3,445$2,170$1,321$782$454$135
41 years$3,324$2,066$1,239$722$412$118
42 years$3,208$1,968$1,162$666$374$103
43 years$3,099$1,875$1,090$615$339$90
44 years$2,994$1,787$1,023$568$308$79
45 years$2,895$1,704$961$524$280$69
46 years$2,800$1,626$903$484$254$60
47 years$2,709$1,551$848$447$230$53
48 years$2,622$1,481$797$414$209$46
49 years$2,540$1,414$749$382$190$40
50 years$2,460$1,351$704$353$173$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,520,000, adding $4,759 every year, while hoping to spend $24,395 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: 36/45/19 Blend
66$2,520,000$2,520,000$2,520,000$2,520,000
67$2,781,949$2,648,389$2,609,329$2,865,888
68$3,039,752$2,752,204$2,670,785$3,031,248
69$3,323,033$2,860,288$2,733,483$3,207,017
70$3,634,365$2,972,825$2,797,438$3,396,265
71$3,976,583$3,090,007$2,862,665$3,600,210
72$4,352,810$3,212,033$2,929,180$3,820,189
73$4,766,487$3,339,112$2,996,997$4,057,668
74$5,221,404$3,471,464$3,066,132$4,314,257
75$5,721,737$3,609,316$3,136,598$4,591,724
76$6,272,089$3,752,907$3,208,408$4,892,009
77$6,877,529$3,902,486$3,281,577$5,217,244
78$7,543,643$4,058,314$3,356,115$5,569,770
79$8,276,585$4,220,662$3,432,036$5,952,160
80$9,083,138$4,389,816$3,509,350$6,367,241
81$9,970,772$4,566,071$3,588,068$6,818,120
82$10,947,722$4,749,740$3,668,199$7,308,211
83$12,023,059$4,941,146$3,749,753$7,841,268
84$13,206,777$5,140,629$3,832,736$8,421,419
85$14,509,893$5,348,544$3,917,157$9,053,202
86$15,944,541$5,565,261$4,003,020$9,741,607
87$17,524,093$5,791,169$4,090,332$10,492,125
88$19,263,287$6,026,672$4,179,094$11,310,793
89$21,178,358$6,272,194$4,269,309$12,204,253
90$23,287,198$6,528,179$4,360,978$13,179,812
91$25,609,522$6,795,090$4,454,101$14,245,511
92$28,167,054$7,073,410$4,548,674$15,410,196
93$30,983,734$7,363,648$4,644,695$16,683,603
94$34,085,939$7,666,331$4,742,157$18,076,446
95$37,502,739$7,982,015$4,841,053$19,600,516
96$41,266,163$8,311,278$4,941,373$21,268,793
97$45,411,507$8,654,727$5,043,105$23,095,562
98$49,977,667$9,012,995$5,146,235$25,096,552
99$55,007,503$9,386,745$5,250,747$27,289,074
100$60,548,243$9,776,670$5,356,622$29,692,190