Can I retire at age 67 with 2,660,000?

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 $2,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$219,660$217,704$215,795$213,932$212,112$207,829
2 years$108,743$106,717$104,755$102,852$101,006$96,710
3 years$71,775$69,741$67,783$65,898$64,082$59,907
4 years$53,295$51,267$49,329$47,476$45,704$41,682
5 years$42,210$40,194$38,281$36,466$34,743$30,885
6 years$34,822$32,821$30,937$29,162$27,491$23,802
7 years$29,547$27,563$25,709$23,976$22,358$18,838
8 years$25,593$23,627$21,803$20,113$18,548$15,196
9 years$22,519$20,571$18,779$17,132$15,620$12,434
10 years$20,061$18,133$16,372$14,768$13,309$10,286
11 years$18,051$16,143$14,414$12,852$11,446$8,583
12 years$16,378$14,489$12,792$11,273$9,919$7,210
13 years$14,963$13,094$11,429$9,952$8,650$6,091
14 years$13,751$11,902$10,269$8,835$7,582$5,170
15 years$12,702$10,872$9,271$7,879$6,676$4,404
16 years$11,785$9,975$8,406$7,055$5,900$3,763
17 years$10,976$9,187$7,649$6,339$5,232$3,225
18 years$10,259$8,489$6,982$5,712$4,652$2,769
19 years$9,617$7,868$6,392$5,162$4,146$2,382
20 years$9,040$7,311$5,866$4,675$3,703$2,053
21 years$8,519$6,810$5,396$4,243$3,314$1,771
22 years$8,046$6,357$4,973$3,858$2,971$1,530
23 years$7,615$5,945$4,592$3,513$2,667$1,323
24 years$7,220$5,570$4,247$3,204$2,397$1,145
25 years$6,858$5,227$3,933$2,926$2,157$992
26 years$6,524$4,913$3,648$2,676$1,943$860
27 years$6,215$4,624$3,387$2,449$1,752$746
28 years$5,929$4,357$3,149$2,244$1,580$647
29 years$5,662$4,110$2,930$2,058$1,427$562
30 years$5,415$3,882$2,730$1,888$1,289$488
31 years$5,183$3,669$2,545$1,734$1,166$424
32 years$4,967$3,472$2,374$1,594$1,055$368
33 years$4,764$3,288$2,217$1,466$954$320
34 years$4,573$3,116$2,071$1,349$864$278
35 years$4,394$2,956$1,937$1,242$783$242
36 years$4,225$2,806$1,812$1,143$709$210
37 years$4,065$2,665$1,696$1,053$643$183
38 years$3,914$2,532$1,588$971$583$159
39 years$3,772$2,408$1,488$895$528$138
40 years$3,637$2,291$1,394$826$479$120
41 years$3,508$2,181$1,307$762$435$105
42 years$3,387$2,077$1,226$703$395$91
43 years$3,271$1,979$1,151$649$358$79
44 years$3,160$1,886$1,080$599$325$69
45 years$3,055$1,799$1,014$554$295$60
46 years$2,955$1,716$953$511$268$52
47 years$2,860$1,638$895$472$243$45
48 years$2,768$1,563$841$436$221$39
49 years$2,681$1,493$791$403$201$34
50 years$2,597$1,426$743$373$182$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,660,000, adding $6,677 every year, while hoping to spend $54,914 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: 42/40/18 Blend
66$2,660,000$2,660,000$2,660,000$2,660,000
67$2,938,207$2,797,227$2,755,997$3,045,863
68$3,179,476$2,875,863$2,789,895$3,201,306
69$3,443,514$2,956,512$2,823,088$3,363,654
70$3,732,586$3,039,214$2,855,495$3,538,309
71$4,049,184$3,124,010$2,887,028$3,726,424
72$4,396,056$3,210,942$2,917,599$3,929,272
73$4,776,225$3,300,049$2,947,109$4,148,251
74$5,193,022$3,391,373$2,975,459$4,384,902
75$5,650,115$3,484,956$3,002,542$4,640,920
76$6,151,545$3,580,837$3,028,246$4,918,172
77$6,701,762$3,679,058$3,052,452$5,218,713
78$7,305,669$3,779,658$3,075,035$5,544,804
79$7,968,664$3,882,678$3,095,866$5,898,939
80$8,696,695$3,988,157$3,114,805$6,283,861
81$9,496,316$4,096,135$3,131,709$6,702,592
82$10,374,744$4,206,649$3,146,425$7,158,461
83$11,339,929$4,319,736$3,158,792$7,655,135
84$12,400,634$4,435,435$3,168,643$8,196,651
85$13,566,507$4,553,780$3,175,801$8,787,460
86$14,848,180$4,674,805$3,180,080$9,432,462
87$16,257,369$4,798,544$3,181,287$10,137,056
88$17,806,976$4,925,029$3,179,216$10,907,191
89$19,511,221$5,054,289$3,173,653$11,749,421
90$21,385,769$5,186,352$3,164,374$12,670,966
91$23,447,880$5,321,246$3,151,142$13,679,783
92$25,716,570$5,458,993$3,133,712$14,784,636
93$28,212,792$5,599,615$3,111,823$15,995,186
94$30,959,632$5,743,132$3,085,205$17,322,075
95$33,982,528$5,889,559$3,053,573$18,777,031
96$37,309,507$6,038,909$3,016,629$20,372,976
97$40,971,452$6,191,190$2,974,061$22,124,149
98$45,002,391$6,346,410$2,925,543$24,046,243
99$49,439,820$6,504,568$2,870,733$26,156,549
100$54,325,052$6,665,663$2,809,273$28,474,121