Can I retire at age 67 with 2,620,000?

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 $2,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$216,357$214,430$212,550$210,714$208,922$204,287
2 years$107,108$105,113$103,179$101,305$99,487$94,841
3 years$70,696$68,692$66,764$64,907$63,119$58,607
4 years$52,493$50,496$48,587$46,762$45,017$40,674
5 years$41,575$39,590$37,706$35,918$34,221$30,060
6 years$34,298$32,328$30,472$28,724$27,078$23,103
7 years$29,103$27,149$25,322$23,615$22,022$18,233
8 years$25,208$23,272$21,475$19,810$18,269$14,665
9 years$22,180$20,262$18,497$16,874$15,385$11,964
10 years$19,759$17,860$16,126$14,546$13,109$9,867
11 years$17,780$15,900$14,197$12,659$11,274$8,207
12 years$16,132$14,271$12,599$11,104$9,770$6,872
13 years$14,738$12,897$11,257$9,803$8,520$5,786
14 years$13,544$11,723$10,114$8,702$7,468$4,894
15 years$12,511$10,709$9,132$7,761$6,576$4,155
16 years$11,608$9,825$8,279$6,949$5,812$3,538
17 years$10,811$9,049$7,534$6,243$5,153$3,020
18 years$10,104$8,361$6,877$5,627$4,582$2,584
19 years$9,472$7,749$6,296$5,084$4,084$2,215
20 years$8,905$7,201$5,778$4,605$3,648$1,902
21 years$8,391$6,707$5,315$4,179$3,264$1,635
22 years$7,925$6,261$4,898$3,800$2,926$1,407
23 years$7,501$5,856$4,523$3,460$2,627$1,212
24 years$7,112$5,487$4,183$3,156$2,361$1,045
25 years$6,755$5,149$3,874$2,882$2,124$901
26 years$6,426$4,839$3,593$2,635$1,914$778
27 years$6,121$4,554$3,336$2,412$1,725$672
28 years$5,839$4,291$3,102$2,210$1,557$581
29 years$5,577$4,048$2,886$2,027$1,406$502
30 years$5,333$3,823$2,689$1,860$1,270$434
31 years$5,105$3,614$2,506$1,708$1,148$375
32 years$4,892$3,420$2,339$1,570$1,039$325
33 years$4,692$3,239$2,184$1,444$940$281
34 years$4,504$3,070$2,040$1,328$851$243
35 years$4,328$2,911$1,907$1,223$771$211
36 years$4,161$2,763$1,784$1,126$698$182
37 years$4,004$2,625$1,670$1,038$633$158
38 years$3,856$2,494$1,564$956$574$137
39 years$3,715$2,372$1,465$882$520$118
40 years$3,582$2,257$1,373$813$472$103
41 years$3,456$2,148$1,288$750$428$89
42 years$3,336$2,046$1,208$693$389$77
43 years$3,222$1,949$1,134$639$353$67
44 years$3,113$1,858$1,064$590$320$58
45 years$3,009$1,772$999$545$291$50
46 years$2,911$1,690$938$504$264$43
47 years$2,817$1,613$882$465$240$38
48 years$2,726$1,540$828$430$218$33
49 years$2,640$1,470$779$397$198$28
50 years$2,558$1,405$732$367$180$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,620,000, adding $4,120 every year, while hoping to spend $25,145 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: 43/37/20 Blend
66$2,620,000$2,620,000$2,620,000$2,620,000
67$2,891,490$2,752,630$2,712,020$2,998,822
68$3,159,668$2,860,755$2,776,118$3,183,246
69$3,454,357$2,973,335$2,841,521$3,380,160
70$3,778,235$3,090,562$2,908,246$3,592,984
71$4,134,252$3,212,637$2,976,310$3,823,198
72$4,525,658$3,339,768$3,045,728$4,072,425
73$4,956,034$3,472,175$3,116,518$4,342,452
74$5,429,323$3,610,086$3,188,696$4,635,239
75$5,949,873$3,753,739$3,262,276$4,952,941
76$6,522,472$3,903,384$3,337,274$5,297,929
77$7,152,396$4,059,281$3,413,705$5,672,805
78$7,845,458$4,221,704$3,491,582$6,080,434
79$8,608,063$4,390,936$3,570,918$6,523,964
80$9,447,269$4,567,275$3,651,727$7,006,857
81$10,370,851$4,751,032$3,734,020$7,532,921
82$11,387,376$4,942,531$3,817,809$8,106,345
83$12,506,287$5,142,113$3,903,104$8,731,735
84$13,737,984$5,350,133$3,989,914$9,414,162
85$15,093,931$5,566,962$4,078,248$10,159,202
86$16,586,756$5,792,987$4,168,113$10,972,993
87$18,230,376$6,028,614$4,259,516$11,862,287
88$20,040,127$6,274,269$4,352,462$12,834,517
89$22,032,905$6,530,393$4,446,955$13,897,864
90$24,227,329$6,797,451$4,542,996$15,061,330
91$26,643,918$7,075,927$4,640,588$16,334,827
92$29,305,279$7,366,329$4,739,729$17,729,263
93$32,236,325$7,669,187$4,840,417$19,256,651
94$35,464,508$7,985,054$4,942,649$20,930,212
95$39,020,078$8,314,512$5,046,417$22,764,506
96$42,936,368$8,658,166$5,151,715$24,775,560
97$47,250,113$9,016,650$5,258,532$26,981,027
98$52,001,787$9,390,629$5,366,856$29,400,341
99$57,235,995$9,780,796$5,476,672$32,054,904
100$63,001,889$10,187,877$5,587,962$34,968,285