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%11.5%
1 years$210,577$208,701$206,871$205,085$203,341$202,059
2 years$104,246$102,304$100,423$98,598$96,829$95,536
3 years$68,807$66,857$64,980$63,173$61,432$60,168
4 years$51,091$49,147$47,289$45,513$43,814$42,589
5 years$40,464$38,532$36,698$34,958$33,307$32,124
6 years$33,382$31,464$29,658$27,956$26,354$25,215
7 years$28,325$26,424$24,646$22,984$21,433$20,338
8 years$24,534$22,650$20,901$19,281$17,781$16,730
9 years$21,587$19,721$18,002$16,423$14,974$13,968
10 years$19,231$17,383$15,695$14,157$12,759$11,796
11 years$17,305$15,475$13,818$12,321$10,973$10,053
12 years$15,701$13,889$12,263$10,807$9,509$8,631
13 years$14,344$12,552$10,956$9,541$8,292$7,455
14 years$13,183$11,409$9,844$8,469$7,269$6,472
15 years$12,177$10,423$8,888$7,553$6,400$5,642
16 years$11,297$9,563$8,058$6,763$5,656$4,937
17 years$10,522$8,807$7,332$6,077$5,015$4,333
18 years$9,834$8,138$6,694$5,476$4,459$3,812
19 years$9,219$7,542$6,128$4,948$3,975$3,362
20 years$8,667$7,009$5,624$4,482$3,550$2,971
21 years$8,167$6,528$5,173$4,067$3,177$2,630
22 years$7,714$6,094$4,767$3,698$2,848$2,332
23 years$7,300$5,699$4,402$3,368$2,556$2,070
24 years$6,922$5,340$4,071$3,072$2,298$1,839
25 years$6,574$5,011$3,771$2,805$2,068$1,636
26 years$6,254$4,710$3,497$2,565$1,862$1,457
27 years$5,958$4,433$3,247$2,348$1,679$1,298
28 years$5,683$4,177$3,019$2,151$1,515$1,158
29 years$5,428$3,940$2,809$1,973$1,368$1,033
30 years$5,191$3,721$2,617$1,810$1,236$922
31 years$4,969$3,518$2,439$1,663$1,118$824
32 years$4,761$3,328$2,276$1,528$1,011$736
33 years$4,567$3,152$2,125$1,405$915$658
34 years$4,384$2,988$1,986$1,293$828$588
35 years$4,212$2,834$1,856$1,190$750$526
36 years$4,050$2,690$1,737$1,096$680$471
37 years$3,897$2,554$1,625$1,010$616$422
38 years$3,753$2,428$1,522$931$559$377
39 years$3,616$2,308$1,426$858$507$338
40 years$3,486$2,196$1,337$792$459$303
41 years$3,363$2,091$1,253$730$417$271
42 years$3,247$1,991$1,176$674$378$243
43 years$3,135$1,897$1,103$622$343$217
44 years$3,030$1,808$1,036$575$312$195
45 years$2,929$1,724$972$531$283$175
46 years$2,833$1,645$913$490$257$156
47 years$2,741$1,570$858$453$233$140
48 years$2,654$1,499$806$418$212$126
49 years$2,570$1,431$758$387$192$113
50 years$2,490$1,367$713$357$175$101

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 $5,230 every year, while hoping to spend $50,553 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: 56/18/26 Blend
66$2,550,000$2,550,000$2,550,000$2,550,000
67$2,815,495$2,680,345$2,640,820$2,952,813
68$3,048,887$2,757,894$2,675,499$3,125,223
69$3,304,391$2,837,548$2,709,646$3,307,243
70$3,584,209$2,919,358$2,743,189$3,504,515
71$3,890,766$3,003,374$2,776,053$3,718,527
72$4,226,732$3,089,647$2,808,159$3,950,914
73$4,595,048$3,178,229$2,839,422$4,203,479
74$4,998,954$3,269,173$2,869,753$4,478,208
75$5,442,017$3,362,533$2,899,060$4,777,287
76$5,928,168$3,458,362$2,927,244$5,103,125
77$6,461,735$3,556,716$2,954,200$5,458,376
78$7,047,486$3,657,648$2,979,820$5,845,964
79$7,690,673$3,761,217$3,003,987$6,269,110
80$8,397,082$3,867,476$3,026,581$6,731,362
81$9,173,086$3,976,485$3,047,473$7,236,630
82$10,025,707$4,088,299$3,066,530$7,789,222
83$10,962,680$4,202,976$3,083,609$8,393,885
84$11,992,526$4,320,575$3,098,563$9,055,848
85$13,124,633$4,441,153$3,111,235$9,780,875
86$14,369,345$4,564,768$3,121,460$10,575,314
87$15,738,056$4,691,480$3,129,067$11,446,164
88$17,243,322$4,821,346$3,133,875$12,401,135
89$18,898,974$4,954,426$3,135,693$13,448,723
90$20,720,253$5,090,776$3,134,322$14,598,291
91$22,723,950$5,230,456$3,129,554$15,860,155
92$24,928,567$5,373,522$3,121,168$17,245,687
93$27,354,488$5,520,032$3,108,934$18,767,414
94$30,024,174$5,670,041$3,092,611$20,439,144
95$32,962,373$5,823,607$3,071,947$22,276,092
96$36,196,354$5,980,782$3,046,676$24,295,026
97$39,756,163$6,141,622$3,016,521$26,514,424
98$43,674,908$6,306,178$2,981,191$28,954,649
99$47,989,069$6,474,501$2,940,381$31,638,141
100$52,738,843$6,646,640$2,893,773$34,589,632