Can I retire at age 67 with 2,680,000?

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 $2,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$221,312$219,341$217,417$215,540$213,707$211,124
2 years$109,560$107,520$105,542$103,625$101,765$99,166
3 years$72,315$70,265$68,293$66,394$64,564$62,029
4 years$53,696$51,653$49,700$47,833$46,048$43,596
5 years$42,527$40,496$38,569$36,740$35,005$32,644
6 years$35,084$33,068$31,170$29,381$27,698$25,431
7 years$29,769$27,771$25,902$24,156$22,526$20,354
8 years$25,785$23,805$21,967$20,264$18,687$16,610
9 years$22,688$20,726$18,920$17,260$15,737$13,754
10 years$20,212$18,269$16,495$14,879$13,409$11,518
11 years$18,187$16,264$14,522$12,949$11,532$9,731
12 years$16,501$14,598$12,888$11,358$9,994$8,281
13 years$15,075$13,192$11,514$10,027$8,715$7,089
14 years$13,855$11,991$10,346$8,901$7,639$6,098
15 years$12,797$10,954$9,341$7,938$6,726$5,266
16 years$11,873$10,050$8,469$7,108$5,945$4,564
17 years$11,059$9,256$7,706$6,386$5,271$3,966
18 years$10,336$8,553$7,035$5,755$4,687$3,456
19 years$9,689$7,927$6,440$5,200$4,177$3,017
20 years$9,108$7,366$5,910$4,710$3,731$2,639
21 years$8,584$6,861$5,436$4,275$3,339$2,312
22 years$8,107$6,404$5,011$3,887$2,993$2,028
23 years$7,672$5,990$4,626$3,540$2,687$1,781
24 years$7,275$5,612$4,279$3,228$2,415$1,566
25 years$6,909$5,267$3,963$2,948$2,173$1,378
26 years$6,573$4,950$3,675$2,696$1,957$1,213
27 years$6,262$4,658$3,413$2,468$1,765$1,069
28 years$5,973$4,390$3,173$2,261$1,592$943
29 years$5,705$4,141$2,952$2,073$1,438$832
30 years$5,455$3,911$2,750$1,903$1,299$734
31 years$5,222$3,697$2,564$1,747$1,175$648
32 years$5,004$3,498$2,392$1,606$1,062$573
33 years$4,799$3,313$2,234$1,477$962$506
34 years$4,607$3,140$2,087$1,359$871$447
35 years$4,427$2,978$1,951$1,251$789$395
36 years$4,256$2,827$1,825$1,152$714$350
37 years$4,096$2,685$1,708$1,061$648$309
38 years$3,944$2,551$1,600$978$587$274
39 years$3,800$2,426$1,499$902$532$242
40 years$3,664$2,308$1,405$832$483$214
41 years$3,535$2,197$1,317$768$438$190
42 years$3,412$2,093$1,236$708$397$168
43 years$3,295$1,994$1,160$654$361$148
44 years$3,184$1,900$1,088$604$327$131
45 years$3,078$1,812$1,022$558$297$116
46 years$2,977$1,729$960$515$270$103
47 years$2,881$1,650$902$476$245$91
48 years$2,789$1,575$847$440$223$81
49 years$2,701$1,504$797$406$202$71
50 years$2,617$1,437$749$376$184$63

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,680,000, adding $3,857 every year, while hoping to spend $21,413 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: 38/38/24 Blend
66$2,680,000$2,680,000$2,680,000$2,680,000
67$2,957,338$2,815,298$2,773,758$3,048,392
68$3,236,204$2,930,465$2,843,896$3,230,225
69$3,542,796$3,050,557$2,915,666$3,424,333
70$3,879,920$3,175,793$2,989,099$3,633,692
71$4,250,667$3,306,402$3,064,229$3,859,694
72$4,658,442$3,442,623$3,141,089$4,103,871
73$5,106,998$3,584,707$3,219,710$4,367,900
74$5,600,469$3,732,914$3,300,127$4,653,626
75$6,143,409$3,887,520$3,382,374$4,963,073
76$6,740,838$4,048,809$3,466,485$5,298,467
77$7,398,285$4,217,082$3,552,493$5,662,249
78$8,121,842$4,392,651$3,640,434$6,057,107
79$8,918,224$4,575,845$3,730,342$6,485,989
80$9,794,827$4,767,005$3,822,253$6,952,139
81$10,759,802$4,966,492$3,916,201$7,459,123
82$11,822,131$5,174,679$4,012,223$8,010,859
83$12,991,709$5,391,959$4,110,354$8,611,656
84$14,279,442$5,618,743$4,210,629$9,266,255
85$15,697,344$5,855,461$4,313,084$9,979,867
86$17,258,657$6,102,562$4,417,756$10,758,224
87$18,977,970$6,360,517$4,524,680$11,607,632
88$20,871,358$6,629,818$4,633,893$12,535,030
89$22,956,538$6,910,980$4,745,429$13,548,050
90$25,253,029$7,204,543$4,859,326$14,655,090
91$27,782,343$7,511,071$4,975,618$15,865,391
92$30,568,182$7,831,153$5,094,341$17,189,124
93$33,636,666$8,165,409$5,215,531$18,637,482
94$37,016,577$8,514,485$5,339,223$20,222,785
95$40,739,632$8,879,059$5,465,450$21,958,592
96$44,840,780$9,259,838$5,594,249$23,859,831
97$49,358,535$9,657,566$5,725,651$25,942,933
98$54,335,337$10,073,018$5,859,692$28,225,989
99$59,817,953$10,507,007$5,996,403$30,728,915
100$65,857,918$10,960,385$6,135,817$33,473,640