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

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 $2,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$218,009$216,067$214,172$212,323$210,517$203,942
2 years$107,925$105,915$103,967$102,078$100,246$93,680
3 years$71,235$69,217$67,274$65,403$63,600$57,250
4 years$52,894$50,882$48,958$47,119$45,360$39,273
5 years$41,892$39,892$37,993$36,192$34,482$28,676
6 years$34,560$32,575$30,704$28,943$27,285$21,763
7 years$29,325$27,356$25,515$23,796$22,190$16,954
8 years$25,400$23,449$21,639$19,961$18,408$13,454
9 years$22,349$20,417$18,638$17,003$15,503$10,824
10 years$19,910$17,996$16,249$14,657$13,209$8,799
11 years$17,916$16,021$14,305$12,756$11,360$7,212
12 years$16,255$14,380$12,695$11,188$9,844$5,949
13 years$14,850$12,995$11,343$9,878$8,585$4,932
14 years$13,648$11,812$10,191$8,768$7,525$4,106
15 years$12,606$10,791$9,201$7,820$6,626$3,430
16 years$11,696$9,900$8,342$7,002$5,856$2,873
17 years$10,894$9,118$7,591$6,291$5,192$2,412
18 years$10,181$8,425$6,930$5,669$4,617$2,029
19 years$9,545$7,808$6,344$5,123$4,115$1,709
20 years$8,973$7,256$5,822$4,640$3,676$1,442
21 years$8,455$6,759$5,355$4,211$3,289$1,218
22 years$7,986$6,309$4,936$3,829$2,948$1,029
23 years$7,558$5,901$4,557$3,487$2,647$871
24 years$7,166$5,528$4,215$3,180$2,379$737
25 years$6,806$5,188$3,904$2,904$2,141$624
26 years$6,475$4,876$3,620$2,656$1,928$529
27 years$6,168$4,589$3,362$2,431$1,738$449
28 years$5,884$4,324$3,125$2,227$1,569$380
29 years$5,620$4,079$2,908$2,042$1,416$323
30 years$5,374$3,852$2,709$1,874$1,280$274
31 years$5,144$3,642$2,526$1,721$1,157$232
32 years$4,929$3,446$2,356$1,582$1,047$197
33 years$4,728$3,263$2,200$1,455$947$167
34 years$4,539$3,093$2,056$1,339$858$142
35 years$4,361$2,934$1,922$1,232$777$121
36 years$4,193$2,784$1,798$1,135$704$103
37 years$4,035$2,645$1,683$1,046$638$87
38 years$3,885$2,513$1,576$964$578$74
39 years$3,743$2,390$1,476$889$524$63
40 years$3,609$2,274$1,384$820$476$53
41 years$3,482$2,164$1,298$756$432$45
42 years$3,361$2,061$1,217$698$392$38
43 years$3,246$1,964$1,142$644$355$33
44 years$3,137$1,872$1,072$595$323$28
45 years$3,032$1,785$1,007$549$293$24
46 years$2,933$1,703$946$507$266$20
47 years$2,838$1,625$888$469$241$17
48 years$2,747$1,551$835$433$219$14
49 years$2,661$1,482$785$400$199$12
50 years$2,578$1,415$738$370$181$10

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 $2,069 every year, while hoping to spend $24,616 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: 75/14/11 Blend
66$2,640,000$2,640,000$2,640,000$2,640,000
67$2,911,414$2,771,494$2,730,574$3,123,545
68$3,182,187$2,881,106$2,795,857$3,373,324
69$3,479,754$2,995,264$2,862,502$3,643,676
70$3,806,822$3,114,165$2,930,529$3,939,267
71$4,166,372$3,238,014$2,999,956$4,262,594
72$4,561,692$3,367,026$3,070,804$4,616,405
73$4,996,400$3,501,426$3,143,092$5,003,728
74$5,474,485$3,641,447$3,216,837$5,427,897
75$6,000,340$3,787,337$3,292,060$5,892,580
76$6,578,808$3,939,349$3,368,777$6,401,819
77$7,215,223$4,097,753$3,447,007$6,960,064
78$7,915,460$4,262,828$3,526,767$7,572,216
79$8,685,998$4,434,867$3,608,073$8,243,672
80$9,533,969$4,614,175$3,690,944$8,980,376
81$10,467,237$4,801,073$3,775,393$9,788,874
82$11,494,463$4,995,893$3,861,437$10,676,377
83$12,625,192$5,198,987$3,949,089$11,650,827
84$13,869,943$5,410,718$4,038,364$12,720,972
85$15,240,302$5,631,468$4,129,275$13,896,447
86$16,749,041$5,861,638$4,221,834$15,187,866
87$18,410,229$6,101,644$4,316,051$16,606,922
88$20,239,371$6,351,923$4,411,937$18,166,494
89$22,253,552$6,612,932$4,509,502$19,880,771
90$24,471,596$6,885,148$4,608,752$21,765,384
91$26,914,249$7,169,070$4,709,695$23,837,551
92$29,604,369$7,465,221$4,812,337$26,116,243
93$32,567,144$7,774,146$4,916,679$28,622,358
94$35,830,330$8,096,418$5,022,726$31,378,923
95$39,424,514$8,432,632$5,130,478$34,411,303
96$43,383,399$8,783,416$5,239,933$37,747,447
97$47,744,124$9,149,421$5,351,089$41,418,145
98$52,547,615$9,531,333$5,463,940$45,457,324
99$57,838,970$9,929,866$5,578,481$49,902,361
100$63,667,885$10,345,770$5,694,700$54,794,439