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

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 $2,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$217,183$215,248$213,361$211,519$209,720$208,486
2 years$107,516$105,514$103,573$101,692$99,867$98,621
3 years$70,966$68,955$67,019$65,155$63,359$62,142
4 years$52,694$50,689$48,773$46,940$45,189$44,008
5 years$41,734$39,741$37,849$36,055$34,352$33,211
6 years$34,429$32,451$30,588$28,833$27,181$26,083
7 years$29,214$27,253$25,419$23,705$22,106$21,050
8 years$25,304$23,360$21,557$19,886$18,339$17,325
9 years$22,265$20,339$18,567$16,938$15,444$14,473
10 years$19,835$17,928$16,187$14,601$13,159$12,230
11 years$17,848$15,960$14,251$12,707$11,317$10,429
12 years$16,193$14,325$12,647$11,146$9,807$8,959
13 years$14,794$12,946$11,300$9,840$8,552$7,744
14 years$13,596$11,767$10,153$8,735$7,497$6,727
15 years$12,559$10,750$9,167$7,790$6,601$5,869
16 years$11,652$9,863$8,311$6,975$5,834$5,138
17 years$10,853$9,083$7,563$6,267$5,173$4,513
18 years$10,143$8,393$6,904$5,648$4,599$3,974
19 years$9,509$7,779$6,320$5,103$4,099$3,507
20 years$8,939$7,228$5,800$4,622$3,662$3,101
21 years$8,423$6,733$5,335$4,195$3,277$2,747
22 years$7,956$6,285$4,917$3,814$2,937$2,437
23 years$7,529$5,878$4,540$3,474$2,637$2,165
24 years$7,139$5,508$4,199$3,168$2,370$1,926
25 years$6,781$5,169$3,889$2,893$2,132$1,714
26 years$6,450$4,858$3,607$2,645$1,921$1,528
27 years$6,145$4,572$3,349$2,421$1,732$1,362
28 years$5,862$4,308$3,113$2,219$1,563$1,216
29 years$5,599$4,064$2,897$2,035$1,411$1,086
30 years$5,354$3,838$2,699$1,867$1,275$970
31 years$5,125$3,628$2,516$1,715$1,153$867
32 years$4,911$3,433$2,347$1,576$1,043$776
33 years$4,710$3,251$2,192$1,449$944$694
34 years$4,521$3,081$2,048$1,333$854$621
35 years$4,344$2,922$1,915$1,227$774$556
36 years$4,177$2,774$1,791$1,130$701$498
37 years$4,019$2,635$1,676$1,042$635$446
38 years$3,870$2,504$1,570$960$576$400
39 years$3,729$2,381$1,471$885$522$358
40 years$3,596$2,265$1,379$816$474$321
41 years$3,469$2,156$1,293$753$430$288
42 years$3,348$2,054$1,213$695$390$258
43 years$3,234$1,957$1,138$642$354$231
44 years$3,125$1,865$1,068$593$321$207
45 years$3,021$1,778$1,003$547$292$186
46 years$2,922$1,697$942$506$265$167
47 years$2,827$1,619$885$467$241$150
48 years$2,737$1,546$832$432$218$134
49 years$2,650$1,476$782$399$198$120
50 years$2,568$1,410$735$369$180$108

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 $4,208 every year, while hoping to spend $44,859 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: 53/21/26 Blend
66$2,630,000$2,630,000$2,630,000$2,630,000
67$2,902,601$2,763,211$2,722,446$3,035,232
68$3,150,936$2,850,878$2,765,918$3,215,073
69$3,423,099$2,941,338$2,809,343$3,405,738
70$3,721,471$3,034,680$2,852,672$3,612,324
71$4,048,677$3,130,995$2,895,853$3,836,369
72$4,407,608$3,230,380$2,938,830$4,079,569
73$4,801,449$3,332,933$2,981,545$4,343,789
74$5,233,705$3,438,756$3,023,936$4,631,083
75$5,708,240$3,547,952$3,065,935$4,943,713
76$6,229,310$3,660,631$3,107,473$5,284,170
77$6,801,603$3,776,905$3,148,476$5,655,195
78$7,430,281$3,896,888$3,188,865$6,059,811
79$8,121,035$4,020,701$3,228,557$6,501,342
80$8,880,130$4,148,465$3,267,464$6,983,454
81$9,714,473$4,280,309$3,305,493$7,510,182
82$10,631,667$4,416,363$3,342,546$8,085,971
83$11,640,095$4,556,762$3,378,519$8,715,718
84$12,748,989$4,701,647$3,413,303$9,404,816
85$13,968,520$4,851,162$3,446,782$10,159,209
86$15,309,896$5,005,456$3,478,836$10,985,442
87$16,785,464$5,164,683$3,509,337$11,890,726
88$18,408,831$5,329,001$3,538,149$12,883,008
89$20,194,985$5,498,576$3,565,130$13,971,039
90$22,160,443$5,673,576$3,590,132$15,164,464
91$24,323,404$5,854,176$3,612,996$16,473,908
92$26,703,918$6,040,558$3,633,559$17,911,079
93$29,324,079$6,232,907$3,651,645$19,488,874
94$32,208,233$6,431,417$3,667,073$21,221,507
95$35,383,203$6,636,286$3,679,650$23,124,636
96$38,878,546$6,847,721$3,689,174$25,215,516
97$42,726,831$7,065,933$3,695,435$27,513,160
98$46,963,946$7,291,141$3,698,210$30,038,516
99$51,629,434$7,523,573$3,697,266$32,814,668
100$56,766,869$7,763,461$3,692,358$35,867,052