Can I retire at age 67 with 2,640,000?

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 $2,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$218,009$216,067$214,172$212,323$210,517$205,012
2 years$107,925$105,915$103,967$102,078$100,246$94,738
3 years$71,235$69,217$67,274$65,403$63,600$58,260
4 years$52,894$50,882$48,958$47,119$45,360$40,230
5 years$41,892$39,892$37,993$36,192$34,482$29,576
6 years$34,560$32,575$30,704$28,943$27,285$22,607
7 years$29,325$27,356$25,515$23,796$22,190$17,741
8 years$25,400$23,449$21,639$19,961$18,408$14,187
9 years$22,349$20,417$18,638$17,003$15,503$11,504
10 years$19,910$17,996$16,249$14,657$13,209$9,429
11 years$17,916$16,021$14,305$12,756$11,360$7,792
12 years$16,255$14,380$12,695$11,188$9,844$6,483
13 years$14,850$12,995$11,343$9,878$8,585$5,422
14 years$13,648$11,812$10,191$8,768$7,525$4,555
15 years$12,606$10,791$9,201$7,820$6,626$3,840
16 years$11,696$9,900$8,342$7,002$5,856$3,246
17 years$10,894$9,118$7,591$6,291$5,192$2,752
18 years$10,181$8,425$6,930$5,669$4,617$2,337
19 years$9,545$7,808$6,344$5,123$4,115$1,988
20 years$8,973$7,256$5,822$4,640$3,676$1,694
21 years$8,455$6,759$5,355$4,211$3,289$1,445
22 years$7,986$6,309$4,936$3,829$2,948$1,234
23 years$7,558$5,901$4,557$3,487$2,647$1,055
24 years$7,166$5,528$4,215$3,180$2,379$902
25 years$6,806$5,188$3,904$2,904$2,141$772
26 years$6,475$4,876$3,620$2,656$1,928$661
27 years$6,168$4,589$3,362$2,431$1,738$566
28 years$5,884$4,324$3,125$2,227$1,569$485
29 years$5,620$4,079$2,908$2,042$1,416$416
30 years$5,374$3,852$2,709$1,874$1,280$357
31 years$5,144$3,642$2,526$1,721$1,157$306
32 years$4,929$3,446$2,356$1,582$1,047$263
33 years$4,728$3,263$2,200$1,455$947$225
34 years$4,539$3,093$2,056$1,339$858$194
35 years$4,361$2,934$1,922$1,232$777$166
36 years$4,193$2,784$1,798$1,135$704$143
37 years$4,035$2,645$1,683$1,046$638$122
38 years$3,885$2,513$1,576$964$578$105
39 years$3,743$2,390$1,476$889$524$90
40 years$3,609$2,274$1,384$820$476$78
41 years$3,482$2,164$1,298$756$432$67
42 years$3,361$2,061$1,217$698$392$57
43 years$3,246$1,964$1,142$644$355$49
44 years$3,137$1,872$1,072$595$323$42
45 years$3,032$1,785$1,007$549$293$36
46 years$2,933$1,703$946$507$266$31
47 years$2,838$1,625$888$469$241$27
48 years$2,747$1,551$835$433$219$23
49 years$2,661$1,482$785$400$199$20
50 years$2,578$1,415$738$370$181$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,640,000, adding $3,979 every year, while hoping to spend $41,053 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: 56/16/28 Blend
66$2,640,000$2,640,000$2,640,000$2,640,000
67$2,913,384$2,773,464$2,732,544$3,053,845
68$3,166,869$2,865,684$2,780,405$3,243,156
69$3,444,834$2,961,047$2,828,492$3,444,717
70$3,749,732$3,059,663$2,876,771$3,663,503
71$4,084,265$3,161,647$2,925,204$3,901,192
72$4,451,411$3,267,118$2,973,749$4,159,627
73$4,854,448$3,376,200$3,022,363$4,440,842
74$5,296,988$3,489,020$3,070,998$4,747,071
75$5,783,010$3,605,711$3,119,605$5,080,780
76$6,316,896$3,726,410$3,168,132$5,444,679
77$6,903,476$3,851,261$3,216,520$5,841,758
78$7,548,068$3,980,409$3,264,711$6,275,305
79$8,256,531$4,114,010$3,312,639$6,748,945
80$9,035,323$4,252,222$3,360,238$7,266,669
81$9,891,555$4,395,211$3,407,436$7,832,872
82$10,833,064$4,543,146$3,454,155$8,452,398
83$11,868,483$4,696,206$3,500,315$9,130,581
84$13,007,323$4,854,575$3,545,831$9,873,297
85$14,260,065$5,018,445$3,590,611$10,687,020
86$15,638,256$5,188,012$3,634,560$11,578,880
87$17,154,617$5,363,484$3,677,578$12,556,735
88$18,823,167$5,545,074$3,719,556$13,629,241
89$20,659,351$5,733,003$3,760,381$14,805,933
90$22,680,186$5,927,502$3,799,936$16,097,318
91$24,904,424$6,128,809$3,838,093$17,514,972
92$27,352,727$6,337,172$3,874,720$19,071,648
93$30,047,860$6,552,849$3,909,679$20,781,399
94$33,014,909$6,776,106$3,942,820$22,659,709
95$36,281,516$7,007,221$3,973,990$24,723,636
96$39,878,137$7,246,481$4,003,026$26,991,980
97$43,838,335$7,494,187$4,029,755$29,485,451
98$48,199,091$7,750,648$4,053,998$32,226,871
99$53,001,156$8,016,187$4,075,564$35,241,389
100$58,289,432$8,291,138$4,094,254$38,556,714