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%19.1%
1 years$208,099$206,246$204,437$202,672$200,948$193,588
2 years$103,019$101,101$99,241$97,438$95,690$88,356
3 years$67,997$66,070$64,216$62,430$60,709$53,633
4 years$50,490$48,569$46,733$44,977$43,299$36,534
5 years$39,988$38,079$36,266$34,547$32,915$26,479
6 years$32,989$31,094$29,309$27,627$26,044$19,942
7 years$27,992$26,113$24,356$22,714$21,181$15,411
8 years$24,246$22,383$20,655$19,054$17,572$12,129
9 years$21,333$19,489$17,791$16,230$14,798$9,675
10 years$19,005$17,178$15,510$13,990$12,609$7,796
11 years$17,101$15,293$13,655$12,176$10,844$6,332
12 years$15,516$13,726$12,118$10,680$9,397$5,174
13 years$14,175$12,404$10,827$9,429$8,194$4,249
14 years$13,027$11,275$9,728$8,370$7,183$3,503
15 years$12,033$10,300$8,783$7,464$6,325$2,897
16 years$11,165$9,450$7,963$6,683$5,590$2,402
17 years$10,399$8,703$7,246$6,005$4,956$1,996
18 years$9,719$8,042$6,615$5,412$4,407$1,662
19 years$9,111$7,453$6,056$4,890$3,928$1,385
20 years$8,565$6,926$5,558$4,429$3,508$1,156
21 years$8,071$6,451$5,112$4,019$3,140$966
22 years$7,623$6,022$4,711$3,655$2,814$808
23 years$7,214$5,632$4,350$3,328$2,526$676
24 years$6,840$5,277$4,023$3,036$2,271$566
25 years$6,497$4,952$3,726$2,772$2,043$474
26 years$6,180$4,654$3,456$2,535$1,840$397
27 years$5,888$4,380$3,209$2,320$1,659$333
28 years$5,617$4,128$2,983$2,126$1,497$279
29 years$5,364$3,894$2,776$1,949$1,352$234
30 years$5,130$3,677$2,586$1,789$1,222$196
31 years$4,910$3,476$2,411$1,643$1,104$165
32 years$4,705$3,289$2,249$1,510$999$138
33 years$4,513$3,115$2,100$1,389$904$116
34 years$4,332$2,952$1,962$1,278$819$97
35 years$4,162$2,800$1,835$1,176$741$82
36 years$4,002$2,658$1,716$1,083$672$69
37 years$3,851$2,524$1,606$998$609$58
38 years$3,708$2,399$1,504$920$552$48
39 years$3,573$2,281$1,409$848$501$41
40 years$3,445$2,170$1,321$782$454$34
41 years$3,324$2,066$1,239$722$412$29
42 years$3,208$1,968$1,162$666$374$24
43 years$3,099$1,875$1,090$615$339$20
44 years$2,994$1,787$1,023$568$308$17
45 years$2,895$1,704$961$524$280$14
46 years$2,800$1,626$903$484$254$12
47 years$2,709$1,551$848$447$230$10
48 years$2,622$1,481$797$414$209$8
49 years$2,540$1,414$749$382$190$7
50 years$2,460$1,351$704$353$173$6

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 $2,565 every year, while hoping to spend $25,284 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: 74/19/7 Blend
66$2,520,000$2,520,000$2,520,000$2,520,000
67$2,779,686$2,646,126$2,607,066$2,982,555
68$3,036,312$2,748,884$2,667,501$3,219,256
69$3,318,266$2,855,830$2,729,112$3,475,031
70$3,628,106$2,967,142$2,791,914$3,754,504
71$3,968,647$3,083,007$2,855,918$4,060,011
72$4,342,994$3,203,619$2,921,136$4,394,122
73$4,754,565$3,329,182$2,987,580$4,759,666
74$5,207,127$3,459,908$3,055,260$5,159,758
75$5,704,829$3,596,018$3,124,186$5,597,828
76$6,252,244$3,737,746$3,194,369$6,077,651
77$6,854,409$3,885,331$3,265,816$6,603,383
78$7,516,875$4,039,029$3,338,537$7,179,603
79$8,245,756$4,199,102$3,412,538$7,811,350
80$9,047,792$4,365,826$3,487,827$8,504,174
81$9,930,406$4,539,491$3,564,408$9,264,188
82$10,901,778$4,720,396$3,642,287$10,098,124
83$11,970,922$4,908,858$3,721,466$11,013,394
84$13,147,769$5,105,206$3,801,948$12,018,164
85$14,443,263$5,309,782$3,883,735$13,121,425
86$15,869,462$5,522,947$3,966,826$14,333,084
87$17,439,652$5,745,076$4,051,219$15,664,049
88$19,168,473$5,976,562$4,136,912$17,126,339
89$21,072,059$6,217,815$4,223,900$18,733,189
90$23,168,185$6,469,264$4,312,177$20,499,182
91$25,476,439$6,731,357$4,401,734$22,440,381
92$28,018,406$7,004,564$4,492,562$24,574,478
93$30,817,870$7,289,374$4,584,649$26,920,968
94$33,901,038$7,586,299$4,677,981$29,501,323
95$37,296,793$7,895,876$4,772,542$32,339,201
96$41,036,956$8,218,665$4,868,313$35,460,663
97$45,156,596$8,555,250$4,965,272$38,894,423
98$49,694,357$8,906,245$5,063,397$42,672,113
99$54,692,821$9,272,291$5,162,660$46,828,585
100$60,198,912$9,654,056$5,263,032$51,402,236