Can I retire at age 67 with 2,330,000?

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 $2,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$192,409$190,695$189,023$187,391$185,797$181,085
2 years$95,252$93,478$91,759$90,092$88,475$83,758
3 years$62,871$61,089$59,374$57,723$56,132$51,558
4 years$46,683$44,907$43,209$41,586$40,034$35,638
5 years$36,973$35,208$33,532$31,942$30,433$26,228
6 years$30,502$28,750$27,099$25,544$24,081$20,070
7 years$25,881$24,144$22,519$21,001$19,584$15,768
8 years$22,418$20,696$19,098$17,618$16,247$12,623
9 years$19,725$18,019$16,449$15,006$13,682$10,249
10 years$17,572$15,883$14,341$12,936$11,658$8,410
11 years$15,812$14,140$12,625$11,258$10,026$6,960
12 years$14,346$12,691$11,205$9,875$8,689$5,798
13 years$13,107$11,469$10,011$8,718$7,577$4,856
14 years$12,045$10,425$8,995$7,739$6,642$4,084
15 years$11,126$9,524$8,121$6,902$5,848$3,448
16 years$10,323$8,738$7,363$6,180$5,168$2,919
17 years$9,615$8,047$6,700$5,552$4,583$2,478
18 years$8,986$7,436$6,116$5,004$4,075$2,108
19 years$8,424$6,891$5,599$4,521$3,632$1,796
20 years$7,919$6,404$5,139$4,095$3,244$1,532
21 years$7,463$5,965$4,726$3,716$2,903$1,309
22 years$7,048$5,568$4,356$3,379$2,602$1,120
23 years$6,670$5,208$4,022$3,077$2,336$959
24 years$6,325$4,879$3,720$2,807$2,099$821
25 years$6,007$4,579$3,445$2,563$1,889$704
26 years$5,714$4,303$3,195$2,344$1,702$604
27 years$5,444$4,050$2,967$2,145$1,534$518
28 years$5,193$3,816$2,758$1,966$1,384$445
29 years$4,960$3,600$2,567$1,802$1,250$382
30 years$4,743$3,400$2,391$1,654$1,130$328
31 years$4,540$3,214$2,229$1,519$1,021$282
32 years$4,350$3,041$2,080$1,396$924$242
33 years$4,173$2,880$1,942$1,284$836$208
34 years$4,006$2,730$1,814$1,181$757$179
35 years$3,849$2,589$1,696$1,087$686$154
36 years$3,701$2,457$1,587$1,002$621$132
37 years$3,561$2,334$1,485$923$563$114
38 years$3,429$2,218$1,391$851$510$98
39 years$3,304$2,109$1,303$784$463$84
40 years$3,185$2,007$1,221$723$420$72
41 years$3,073$1,910$1,145$667$381$62
42 years$2,966$1,819$1,074$616$346$54
43 years$2,865$1,733$1,008$569$314$46
44 years$2,768$1,652$946$525$285$40
45 years$2,676$1,576$889$485$258$34
46 years$2,589$1,503$835$448$235$29
47 years$2,505$1,434$784$414$213$25
48 years$2,425$1,369$737$382$194$22
49 years$2,348$1,308$692$353$176$19
50 years$2,275$1,249$651$327$160$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,330,000, adding $3,370 every year, while hoping to spend $35,247 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: 34/46/20 Blend
66$2,330,000$2,330,000$2,330,000$2,330,000
67$2,571,136$2,447,646$2,411,531$2,642,682
68$2,795,890$2,530,078$2,454,815$2,778,235
69$3,042,386$2,615,368$2,498,367$2,920,826
70$3,312,807$2,703,619$2,542,160$3,073,862
71$3,609,554$2,794,937$2,586,163$3,238,288
72$3,935,273$2,889,433$2,630,344$3,415,141
73$4,292,878$2,987,222$2,674,667$3,605,562
74$4,685,579$3,088,423$2,719,096$3,810,805
75$5,116,912$3,193,160$2,763,590$4,032,245
76$5,590,774$3,301,562$2,808,107$4,271,394
77$6,111,455$3,413,761$2,852,601$4,529,918
78$6,683,684$3,529,896$2,897,024$4,809,643
79$7,312,670$3,650,111$2,941,324$5,112,579
80$8,004,151$3,774,555$2,985,447$5,440,939
81$8,764,449$3,903,382$3,029,334$5,797,153
82$9,600,529$4,036,755$3,072,923$6,183,896
83$10,520,066$4,174,838$3,116,149$6,604,110
84$11,531,514$4,317,807$3,158,942$7,061,033
85$12,644,190$4,465,841$3,201,228$7,558,227
86$13,868,358$4,619,127$3,242,929$8,099,613
87$15,215,326$4,777,860$3,283,962$8,689,503
88$16,697,555$4,942,241$3,324,241$9,332,647
89$18,328,775$5,112,480$3,363,672$10,034,270
90$20,124,113$5,288,795$3,402,159$10,800,127
91$22,100,239$5,471,412$3,439,597$11,636,550
92$24,275,519$5,660,567$3,475,879$12,550,512
93$26,670,190$5,856,504$3,510,890$13,549,690
94$29,306,553$6,059,476$3,544,508$14,642,538
95$32,209,179$6,269,748$3,576,607$15,838,362
96$35,405,144$6,487,594$3,607,052$17,147,413
97$38,924,282$6,713,299$3,635,701$18,580,978
98$42,799,468$6,947,160$3,662,407$20,151,485
99$47,066,928$7,189,485$3,687,012$21,872,626
100$51,766,579$7,440,594$3,709,351$23,759,476