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

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 $2,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$220,486$218,522$216,606$214,736$212,910$209,382
2 years$109,152$107,119$105,149$103,238$101,385$97,842
3 years$72,045$70,003$68,038$66,146$64,323$60,874
4 years$53,495$51,460$49,514$47,654$45,876$42,548
5 years$42,368$40,345$38,425$36,603$34,874$31,676
6 years$34,953$32,945$31,053$29,272$27,595$24,531
7 years$29,658$27,667$25,805$24,066$22,442$19,513
8 years$25,689$23,716$21,885$20,188$18,618$15,823
9 years$22,603$20,649$18,850$17,196$15,679$13,017
10 years$20,136$18,201$16,433$14,823$13,359$10,828
11 years$18,119$16,203$14,468$12,901$11,489$9,086
12 years$16,439$14,543$12,840$11,316$9,956$7,678
13 years$15,019$13,143$11,471$9,990$8,682$6,525
14 years$13,803$11,946$10,307$8,868$7,611$5,571
15 years$12,750$10,913$9,306$7,909$6,701$4,776
16 years$11,829$10,013$8,437$7,081$5,922$4,107
17 years$11,018$9,221$7,678$6,362$5,251$3,542
18 years$10,297$8,521$7,009$5,734$4,669$3,061
19 years$9,653$7,897$6,416$5,181$4,162$2,651
20 years$9,074$7,338$5,888$4,692$3,717$2,300
21 years$8,552$6,835$5,416$4,259$3,327$1,999
22 years$8,077$6,381$4,992$3,872$2,982$1,739
23 years$7,644$5,968$4,609$3,526$2,677$1,514
24 years$7,248$5,591$4,263$3,216$2,406$1,320
25 years$6,884$5,247$3,948$2,937$2,165$1,151
26 years$6,548$4,931$3,662$2,686$1,950$1,005
27 years$6,238$4,641$3,400$2,458$1,758$878
28 years$5,951$4,373$3,161$2,252$1,586$767
29 years$5,684$4,126$2,941$2,065$1,432$671
30 years$5,435$3,896$2,740$1,896$1,294$587
31 years$5,203$3,683$2,554$1,741$1,170$514
32 years$4,985$3,485$2,383$1,600$1,059$449
33 years$4,782$3,300$2,225$1,471$958$394
34 years$4,590$3,128$2,079$1,354$867$345
35 years$4,410$2,967$1,944$1,246$786$302
36 years$4,241$2,816$1,818$1,148$712$264
37 years$4,080$2,675$1,702$1,057$645$232
38 years$3,929$2,542$1,594$975$585$203
39 years$3,786$2,417$1,493$899$530$178
40 years$3,650$2,300$1,400$829$481$156
41 years$3,522$2,189$1,312$765$436$137
42 years$3,399$2,085$1,231$706$396$120
43 years$3,283$1,986$1,155$652$359$105
44 years$3,172$1,893$1,084$602$326$92
45 years$3,067$1,806$1,018$556$296$81
46 years$2,966$1,722$956$513$269$71
47 years$2,870$1,644$898$474$244$62
48 years$2,779$1,569$844$438$222$55
49 years$2,691$1,498$794$405$201$48
50 years$2,607$1,431$746$374$183$42

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 $5,426 every year, while hoping to spend $58,410 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: 71/15/14 Blend
66$2,670,000$2,670,000$2,670,000$2,670,000
67$2,947,937$2,806,427$2,765,042$3,147,717
68$3,186,479$2,881,794$2,795,523$3,356,348
69$3,447,394$2,958,897$2,825,068$3,577,066
70$3,732,904$3,037,758$2,853,583$3,817,159
71$4,045,452$3,118,400$2,880,970$4,078,531
72$4,387,732$3,200,845$2,907,126$4,363,277
73$4,762,708$3,285,114$2,931,942$4,673,703
74$5,173,646$3,371,227$2,955,304$5,012,352
75$5,624,141$3,459,200$2,977,090$5,382,023
76$6,118,155$3,549,052$2,997,174$5,785,798
77$6,660,049$3,640,798$3,015,421$6,227,075
78$7,254,628$3,734,451$3,031,692$6,709,595
79$7,907,185$3,830,024$3,045,839$7,237,479
80$8,623,549$3,927,526$3,057,705$7,815,268
81$9,410,141$4,026,966$3,067,129$8,447,964
82$10,274,037$4,128,348$3,073,939$9,141,079
83$11,223,028$4,231,676$3,077,955$9,900,683
84$12,265,698$4,336,950$3,078,988$10,733,467
85$13,411,506$4,444,167$3,076,841$11,646,801
86$14,670,869$4,553,321$3,071,305$12,648,806
87$16,055,266$4,664,402$3,062,161$13,748,431
88$17,577,342$4,777,397$3,049,183$14,955,534
89$19,251,030$4,892,288$3,032,130$16,280,979
90$21,091,679$5,009,055$3,010,750$17,736,737
91$23,116,202$5,127,670$2,984,782$19,335,997
92$25,343,230$5,248,101$2,953,948$21,093,295
93$27,793,295$5,370,313$2,917,960$23,024,646
94$30,489,015$5,494,263$2,876,516$25,147,697
95$33,455,314$5,619,902$2,829,299$27,481,897
96$36,719,653$5,747,174$2,775,978$30,048,674
97$40,312,290$5,876,017$2,716,205$32,871,643
98$44,266,563$6,006,361$2,649,617$35,976,827
99$48,619,208$6,138,129$2,575,835$39,392,901
100$53,410,702$6,271,232$2,494,461$43,151,465