Can I retire at age 67 with 2,670,000?

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 $2,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$220,486$218,522$216,606$214,736$212,910$210,249
2 years$109,152$107,119$105,149$103,238$101,385$98,708
3 years$72,045$70,003$68,038$66,146$64,323$61,713
4 years$53,495$51,460$49,514$47,654$45,876$43,352
5 years$42,368$40,345$38,425$36,603$34,874$32,444
6 years$34,953$32,945$31,053$29,272$27,595$25,262
7 years$29,658$27,667$25,805$24,066$22,442$20,207
8 years$25,689$23,716$21,885$20,188$18,618$16,481
9 years$22,603$20,649$18,850$17,196$15,679$13,639
10 years$20,136$18,201$16,433$14,823$13,359$11,414
11 years$18,119$16,203$14,468$12,901$11,489$9,638
12 years$16,439$14,543$12,840$11,316$9,956$8,197
13 years$15,019$13,143$11,471$9,990$8,682$7,012
14 years$13,803$11,946$10,307$8,868$7,611$6,027
15 years$12,750$10,913$9,306$7,909$6,701$5,202
16 years$11,829$10,013$8,437$7,081$5,922$4,505
17 years$11,018$9,221$7,678$6,362$5,251$3,912
18 years$10,297$8,521$7,009$5,734$4,669$3,406
19 years$9,653$7,897$6,416$5,181$4,162$2,972
20 years$9,074$7,338$5,888$4,692$3,717$2,597
21 years$8,552$6,835$5,416$4,259$3,327$2,274
22 years$8,077$6,381$4,992$3,872$2,982$1,993
23 years$7,644$5,968$4,609$3,526$2,677$1,749
24 years$7,248$5,591$4,263$3,216$2,406$1,537
25 years$6,884$5,247$3,948$2,937$2,165$1,351
26 years$6,548$4,931$3,662$2,686$1,950$1,189
27 years$6,238$4,641$3,400$2,458$1,758$1,047
28 years$5,951$4,373$3,161$2,252$1,586$922
29 years$5,684$4,126$2,941$2,065$1,432$813
30 years$5,435$3,896$2,740$1,896$1,294$717
31 years$5,203$3,683$2,554$1,741$1,170$633
32 years$4,985$3,485$2,383$1,600$1,059$558
33 years$4,782$3,300$2,225$1,471$958$493
34 years$4,590$3,128$2,079$1,354$867$435
35 years$4,410$2,967$1,944$1,246$786$385
36 years$4,241$2,816$1,818$1,148$712$340
37 years$4,080$2,675$1,702$1,057$645$300
38 years$3,929$2,542$1,594$975$585$265
39 years$3,786$2,417$1,493$899$530$235
40 years$3,650$2,300$1,400$829$481$207
41 years$3,522$2,189$1,312$765$436$183
42 years$3,399$2,085$1,231$706$396$162
43 years$3,283$1,986$1,155$652$359$143
44 years$3,172$1,893$1,084$602$326$127
45 years$3,067$1,806$1,018$556$296$112
46 years$2,966$1,722$956$513$269$99
47 years$2,870$1,644$898$474$244$88
48 years$2,779$1,569$844$438$222$78
49 years$2,691$1,498$794$405$201$69
50 years$2,607$1,431$746$374$183$61

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,670,000, adding $3,763 every year, while hoping to spend $20,417 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: 66/19/15 Blend
66$2,670,000$2,670,000$2,670,000$2,670,000
67$2,946,222$2,804,712$2,763,327$3,129,921
68$3,225,013$2,920,419$2,834,174$3,368,827
69$3,531,556$3,041,112$2,906,711$3,627,138
70$3,868,661$3,167,012$2,980,973$3,908,984
71$4,239,423$3,298,354$3,056,993$4,216,669
72$4,647,251$3,435,381$3,134,810$4,552,727
73$5,095,903$3,578,347$3,214,459$4,919,946
74$5,589,519$3,727,520$3,295,977$5,321,396
75$6,132,659$3,883,177$3,379,401$5,760,457
76$6,730,349$4,045,612$3,464,770$6,240,848
77$7,388,127$4,215,129$3,552,122$6,766,663
78$8,112,094$4,392,048$3,641,495$7,342,409
79$8,908,971$4,576,702$3,732,930$7,973,048
80$9,786,168$4,769,443$3,826,465$8,664,045
81$10,751,846$4,970,634$3,922,140$9,421,415
82$11,815,000$5,180,660$4,019,997$10,251,781
83$12,985,538$5,399,921$4,120,075$11,162,439
84$14,274,382$5,628,836$4,222,417$12,161,421
85$15,693,564$5,867,844$4,327,063$13,257,571
86$17,256,343$6,117,404$4,434,055$14,460,633
87$18,977,330$6,377,997$4,543,435$15,781,334
88$20,872,624$6,650,125$4,655,247$17,231,491
89$22,959,965$6,934,315$4,769,531$18,824,119
90$25,258,903$7,231,117$4,886,332$20,573,552
91$27,790,978$7,541,109$5,005,691$22,495,580
92$30,579,929$7,864,895$5,127,653$24,607,594
93$33,651,912$8,203,105$5,252,260$26,928,753
94$37,035,752$8,556,402$5,379,555$29,480,158
95$40,763,210$8,925,478$5,509,582$32,285,056
96$44,869,289$9,311,057$5,642,384$35,369,056
97$49,392,557$9,713,899$5,778,005$38,760,367
98$54,375,516$10,134,799$5,916,486$42,490,068
99$59,865,002$10,574,587$6,057,872$46,592,395
100$65,912,626$11,034,135$6,202,204$51,105,067