Can I retire at age 67 with 2,630,000?

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 $2,630,000?

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$217,183$215,248$213,361$211,519$209,720$206,331
2 years$107,516$105,514$103,573$101,692$99,867$96,461
3 years$70,966$68,955$67,019$65,155$63,359$60,044
4 years$52,694$50,689$48,773$46,940$45,189$41,989
5 years$41,734$39,741$37,849$36,055$34,352$31,276
6 years$34,429$32,451$30,588$28,833$27,181$24,234
7 years$29,214$27,253$25,419$23,705$22,106$19,288
8 years$25,304$23,360$21,557$19,886$18,339$15,650
9 years$22,265$20,339$18,567$16,938$15,444$12,882
10 years$19,835$17,928$16,187$14,601$13,159$10,722
11 years$17,848$15,960$14,251$12,707$11,317$9,003
12 years$16,193$14,325$12,647$11,146$9,807$7,613
13 years$14,794$12,946$11,300$9,840$8,552$6,474
14 years$13,596$11,767$10,153$8,735$7,497$5,531
15 years$12,559$10,750$9,167$7,790$6,601$4,745
16 years$11,652$9,863$8,311$6,975$5,834$4,083
17 years$10,853$9,083$7,563$6,267$5,173$3,524
18 years$10,143$8,393$6,904$5,648$4,599$3,048
19 years$9,509$7,779$6,320$5,103$4,099$2,642
20 years$8,939$7,228$5,800$4,622$3,662$2,294
21 years$8,423$6,733$5,335$4,195$3,277$1,994
22 years$7,956$6,285$4,917$3,814$2,937$1,736
23 years$7,529$5,878$4,540$3,474$2,637$1,513
24 years$7,139$5,508$4,199$3,168$2,370$1,320
25 years$6,781$5,169$3,889$2,893$2,132$1,152
26 years$6,450$4,858$3,607$2,645$1,921$1,007
27 years$6,145$4,572$3,349$2,421$1,732$880
28 years$5,862$4,308$3,113$2,219$1,563$770
29 years$5,599$4,064$2,897$2,035$1,411$674
30 years$5,354$3,838$2,699$1,867$1,275$590
31 years$5,125$3,628$2,516$1,715$1,153$517
32 years$4,911$3,433$2,347$1,576$1,043$452
33 years$4,710$3,251$2,192$1,449$944$397
34 years$4,521$3,081$2,048$1,333$854$348
35 years$4,344$2,922$1,915$1,227$774$305
36 years$4,177$2,774$1,791$1,130$701$267
37 years$4,019$2,635$1,676$1,042$635$234
38 years$3,870$2,504$1,570$960$576$205
39 years$3,729$2,381$1,471$885$522$180
40 years$3,596$2,265$1,379$816$474$158
41 years$3,469$2,156$1,293$753$430$139
42 years$3,348$2,054$1,213$695$390$122
43 years$3,234$1,957$1,138$642$354$107
44 years$3,125$1,865$1,068$593$321$94
45 years$3,021$1,778$1,003$547$292$82
46 years$2,922$1,697$942$506$265$72
47 years$2,827$1,619$885$467$241$63
48 years$2,737$1,546$832$432$218$56
49 years$2,650$1,476$782$399$198$49
50 years$2,568$1,410$735$369$180$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,630,000, adding $3,096 every year, while hoping to spend $20,144 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: 61/20/19 Blend
66$2,630,000$2,630,000$2,630,000$2,630,000
67$2,901,454$2,762,064$2,721,299$3,064,013
68$3,175,969$2,875,972$2,791,029$3,288,069
69$3,477,809$2,994,786$2,862,420$3,529,971
70$3,809,741$3,118,726$2,935,507$3,793,511
71$4,174,812$3,248,020$3,010,323$4,080,793
72$4,576,379$3,382,910$3,086,905$4,394,130
73$5,018,141$3,523,644$3,165,288$4,736,069
74$5,504,175$3,670,486$3,245,509$5,109,412
75$6,038,971$3,823,710$3,327,603$5,517,244
76$6,627,477$3,983,603$3,411,609$5,962,957
77$7,275,146$4,150,465$3,497,564$6,450,287
78$7,987,984$4,324,612$3,585,506$6,983,345
79$8,772,612$4,506,371$3,675,474$7,566,659
80$9,636,321$4,696,086$3,767,505$8,205,211
81$10,587,150$4,894,118$3,861,640$8,904,485
82$11,633,953$5,100,843$3,957,919$9,670,523
83$12,786,487$5,316,655$4,056,380$10,509,973
84$14,055,504$5,541,968$4,157,065$11,430,157
85$15,452,853$5,777,211$4,260,014$12,439,140
86$16,991,587$6,022,838$4,365,267$13,545,798
87$18,686,092$6,279,320$4,472,867$14,759,909
88$20,552,220$6,547,153$4,582,854$16,092,242
89$22,607,437$6,826,854$4,695,271$17,554,655
90$24,870,992$7,118,966$4,810,158$19,160,208
91$27,364,093$7,424,056$4,927,559$20,923,286
92$30,110,113$7,742,717$5,047,515$22,859,734
93$33,134,806$8,075,571$5,170,067$24,987,002
94$36,466,552$8,423,269$5,295,260$27,324,314
95$40,136,623$8,786,493$5,423,134$29,892,842
96$44,179,482$9,165,954$5,553,733$32,715,911
97$48,633,103$9,562,400$5,687,097$35,819,213
98$53,539,335$9,976,613$5,823,270$39,231,051
99$58,944,290$10,409,410$5,962,292$42,982,604
100$64,898,785$10,861,648$6,104,206$47,108,220