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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.9%
1 years$208,099$206,246$204,437$202,672$200,948$197,701
2 years$103,019$101,101$99,241$97,438$95,690$92,427
3 years$67,997$66,070$64,216$62,430$60,709$57,533
4 years$50,490$48,569$46,733$44,977$43,299$40,232
5 years$39,988$38,079$36,266$34,547$32,915$29,968
6 years$32,989$31,094$29,309$27,627$26,044$23,221
7 years$27,992$26,113$24,356$22,714$21,181$18,481
8 years$24,246$22,383$20,655$19,054$17,572$14,995
9 years$21,333$19,489$17,791$16,230$14,798$12,343
10 years$19,005$17,178$15,510$13,990$12,609$10,274
11 years$17,101$15,293$13,655$12,176$10,844$8,626
12 years$15,516$13,726$12,118$10,680$9,397$7,294
13 years$14,175$12,404$10,827$9,429$8,194$6,203
14 years$13,027$11,275$9,728$8,370$7,183$5,300
15 years$12,033$10,300$8,783$7,464$6,325$4,546
16 years$11,165$9,450$7,963$6,683$5,590$3,912
17 years$10,399$8,703$7,246$6,005$4,956$3,376
18 years$9,719$8,042$6,615$5,412$4,407$2,921
19 years$9,111$7,453$6,056$4,890$3,928$2,531
20 years$8,565$6,926$5,558$4,429$3,508$2,198
21 years$8,071$6,451$5,112$4,019$3,140$1,911
22 years$7,623$6,022$4,711$3,655$2,814$1,664
23 years$7,214$5,632$4,350$3,328$2,526$1,450
24 years$6,840$5,277$4,023$3,036$2,271$1,265
25 years$6,497$4,952$3,726$2,772$2,043$1,104
26 years$6,180$4,654$3,456$2,535$1,840$965
27 years$5,888$4,380$3,209$2,320$1,659$843
28 years$5,617$4,128$2,983$2,126$1,497$738
29 years$5,364$3,894$2,776$1,949$1,352$646
30 years$5,130$3,677$2,586$1,789$1,222$565
31 years$4,910$3,476$2,411$1,643$1,104$495
32 years$4,705$3,289$2,249$1,510$999$434
33 years$4,513$3,115$2,100$1,389$904$380
34 years$4,332$2,952$1,962$1,278$819$333
35 years$4,162$2,800$1,835$1,176$741$292
36 years$4,002$2,658$1,716$1,083$672$256
37 years$3,851$2,524$1,606$998$609$224
38 years$3,708$2,399$1,504$920$552$197
39 years$3,573$2,281$1,409$848$501$173
40 years$3,445$2,170$1,321$782$454$152
41 years$3,324$2,066$1,239$722$412$133
42 years$3,208$1,968$1,162$666$374$117
43 years$3,099$1,875$1,090$615$339$102
44 years$2,994$1,787$1,023$568$308$90
45 years$2,895$1,704$961$524$280$79
46 years$2,800$1,626$903$484$254$69
47 years$2,709$1,551$848$447$230$61
48 years$2,622$1,481$797$414$209$53
49 years$2,540$1,414$749$382$190$47
50 years$2,460$1,351$704$353$173$41

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 $4,019 every year, while hoping to spend $44,908 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: 36/36/28 Blend
66$2,520,000$2,520,000$2,520,000$2,520,000
67$2,781,186$2,647,626$2,608,566$2,857,804
68$3,017,085$2,729,577$2,648,171$2,997,109
69$3,275,541$2,814,040$2,687,598$3,143,045
70$3,558,806$2,901,088$2,726,793$3,299,736
71$3,869,364$2,990,801$2,765,699$3,468,181
72$4,209,946$3,083,257$2,804,258$3,649,475
73$4,583,564$3,178,540$2,842,404$3,844,827
74$4,993,533$3,276,735$2,880,070$4,055,564
75$5,443,506$3,377,927$2,917,185$4,283,147
76$5,937,506$3,482,208$2,953,673$4,529,186
77$6,479,966$3,589,670$2,989,455$4,795,450
78$7,075,766$3,700,408$3,024,446$5,083,887
79$7,730,286$3,814,520$3,058,556$5,396,643
80$8,449,450$3,932,106$3,091,692$5,736,079
81$9,239,784$4,053,270$3,123,755$6,104,794
82$10,108,481$4,178,118$3,154,639$6,505,652
83$11,063,460$4,306,761$3,184,234$6,941,804
84$12,113,451$4,439,310$3,212,424$7,416,723
85$13,268,069$4,575,882$3,239,086$7,934,231
86$14,537,908$4,716,596$3,264,091$8,498,539
87$15,934,640$4,861,575$3,287,304$9,114,286
88$17,471,125$5,010,944$3,308,580$9,786,578
89$19,161,534$5,164,834$3,327,771$10,521,043
90$21,021,477$5,323,377$3,344,718$11,323,880
91$23,068,156$5,486,711$3,359,255$12,201,917
92$25,320,525$5,654,977$3,371,207$13,162,676
93$27,799,468$5,828,320$3,380,392$14,214,442
94$30,527,994$6,006,888$3,386,615$15,366,347
95$33,531,459$6,190,836$3,389,677$16,628,448
96$36,837,800$6,380,319$3,389,363$18,011,827
97$40,477,801$6,575,500$3,385,452$19,528,694
98$44,485,382$6,776,545$3,377,710$21,192,500
99$48,897,921$6,983,625$3,365,893$23,018,067
100$53,756,601$7,196,915$3,349,743$25,021,727