Can I retire at age 67 with 2,550,000?

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 $2,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$210,577$208,701$206,871$205,085$203,341$199,972
2 years$104,246$102,304$100,423$98,598$96,829$93,445
3 years$68,807$66,857$64,980$63,173$61,432$58,138
4 years$51,091$49,147$47,289$45,513$43,814$40,635
5 years$40,464$38,532$36,698$34,958$33,307$30,252
6 years$33,382$31,464$29,658$27,956$26,354$23,428
7 years$28,325$26,424$24,646$22,984$21,433$18,636
8 years$24,534$22,650$20,901$19,281$17,781$15,112
9 years$21,587$19,721$18,002$16,423$14,974$12,432
10 years$19,231$17,383$15,695$14,157$12,759$10,341
11 years$17,305$15,475$13,818$12,321$10,973$8,678
12 years$15,701$13,889$12,263$10,807$9,509$7,333
13 years$14,344$12,552$10,956$9,541$8,292$6,232
14 years$13,183$11,409$9,844$8,469$7,269$5,321
15 years$12,177$10,423$8,888$7,553$6,400$4,561
16 years$11,297$9,563$8,058$6,763$5,656$3,923
17 years$10,522$8,807$7,332$6,077$5,015$3,383
18 years$9,834$8,138$6,694$5,476$4,459$2,924
19 years$9,219$7,542$6,128$4,948$3,975$2,532
20 years$8,667$7,009$5,624$4,482$3,550$2,197
21 years$8,167$6,528$5,173$4,067$3,177$1,909
22 years$7,714$6,094$4,767$3,698$2,848$1,660
23 years$7,300$5,699$4,402$3,368$2,556$1,446
24 years$6,922$5,340$4,071$3,072$2,298$1,260
25 years$6,574$5,011$3,771$2,805$2,068$1,100
26 years$6,254$4,710$3,497$2,565$1,862$960
27 years$5,958$4,433$3,247$2,348$1,679$838
28 years$5,683$4,177$3,019$2,151$1,515$733
29 years$5,428$3,940$2,809$1,973$1,368$641
30 years$5,191$3,721$2,617$1,810$1,236$560
31 years$4,969$3,518$2,439$1,663$1,118$490
32 years$4,761$3,328$2,276$1,528$1,011$429
33 years$4,567$3,152$2,125$1,405$915$376
34 years$4,384$2,988$1,986$1,293$828$329
35 years$4,212$2,834$1,856$1,190$750$288
36 years$4,050$2,690$1,737$1,096$680$253
37 years$3,897$2,554$1,625$1,010$616$221
38 years$3,753$2,428$1,522$931$559$194
39 years$3,616$2,308$1,426$858$507$170
40 years$3,486$2,196$1,337$792$459$149
41 years$3,363$2,091$1,253$730$417$131
42 years$3,247$1,991$1,176$674$378$115
43 years$3,135$1,897$1,103$622$343$100
44 years$3,030$1,808$1,036$575$312$88
45 years$2,929$1,724$972$531$283$77
46 years$2,833$1,645$913$490$257$68
47 years$2,741$1,570$858$453$233$59
48 years$2,654$1,499$806$418$212$52
49 years$2,570$1,431$758$387$192$46
50 years$2,490$1,367$713$357$175$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,550,000, adding $3,169 every year, while hoping to spend $29,993 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: 39/33/28 Blend
66$2,550,000$2,550,000$2,550,000$2,550,000
67$2,813,369$2,678,219$2,638,694$2,899,620
68$3,068,420$2,777,539$2,695,178$3,062,262
69$3,348,481$2,880,721$2,752,549$3,235,013
70$3,656,072$2,987,922$2,810,805$3,421,244
71$3,993,967$3,099,306$2,869,942$3,622,206
72$4,365,225$3,215,045$2,929,958$3,839,270
73$4,773,212$3,335,317$2,990,847$4,073,944
74$5,221,641$3,460,308$3,052,601$4,327,885
75$5,714,598$3,590,213$3,115,213$4,602,915
76$6,256,588$3,725,235$3,178,674$4,901,038
77$6,852,573$3,865,584$3,242,972$5,224,455
78$7,508,019$4,011,481$3,308,095$5,575,591
79$8,228,950$4,163,157$3,374,030$5,957,108
80$9,022,003$4,320,851$3,440,759$6,371,937
81$9,894,487$4,484,813$3,508,265$6,823,302
82$10,854,461$4,655,305$3,576,528$7,314,751
83$11,910,801$4,832,600$3,645,526$7,850,187
84$13,073,286$5,016,981$3,715,235$8,433,904
85$14,352,694$5,208,745$3,785,628$9,070,630
86$15,760,898$5,408,203$3,856,676$9,765,565
87$17,310,983$5,615,678$3,928,347$10,524,437
88$19,017,364$5,831,507$4,000,607$11,353,548
89$20,895,926$6,056,042$4,073,419$12,259,836
90$22,964,174$6,289,652$4,146,742$13,250,940
91$25,241,394$6,532,719$4,220,533$14,335,270
92$27,748,840$6,785,646$4,294,743$15,522,085
93$30,509,928$7,048,849$4,369,324$16,821,579
94$33,550,465$7,322,767$4,444,221$18,244,979
95$36,898,886$7,607,856$4,519,375$19,804,648
96$40,586,522$7,904,591$4,594,725$21,514,198
97$44,647,903$8,213,471$4,670,203$23,388,621
98$49,121,072$8,535,015$4,745,739$25,444,429
99$54,047,957$8,869,765$4,821,256$27,699,805
100$59,474,754$9,218,290$4,896,674$30,174,779