Can I retire at age 67 with 2,340,000?

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 $2,340,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$193,235$191,514$189,834$188,195$186,595$180,477
2 years$95,661$93,879$92,153$90,479$88,855$82,750
3 years$63,140$61,351$59,629$57,970$56,373$50,472
4 years$46,883$45,100$43,395$41,764$40,206$34,555
5 years$37,132$35,359$33,676$32,079$30,564$25,177
6 years$30,633$28,873$27,215$25,654$24,184$19,066
7 years$25,992$24,247$22,616$21,092$19,668$14,819
8 years$22,514$20,785$19,180$17,693$16,317$11,732
9 years$19,810$18,097$16,520$15,071$13,741$9,416
10 years$17,647$15,951$14,402$12,991$11,708$7,635
11 years$15,880$14,201$12,680$11,306$10,069$6,242
12 years$14,408$12,746$11,253$9,917$8,726$5,135
13 years$13,163$11,518$10,054$8,755$7,609$4,245
14 years$12,097$10,470$9,033$7,772$6,670$3,525
15 years$11,174$9,564$8,156$6,931$5,873$2,936
16 years$10,367$8,775$7,394$6,206$5,190$2,452
17 years$9,656$8,082$6,729$5,576$4,602$2,053
18 years$9,024$7,468$6,142$5,025$4,092$1,722
19 years$8,460$6,921$5,623$4,541$3,647$1,446
20 years$7,953$6,431$5,161$4,112$3,258$1,216
21 years$7,495$5,991$4,747$3,732$2,915$1,024
22 years$7,078$5,592$4,375$3,394$2,613$863
23 years$6,699$5,230$4,039$3,091$2,346$728
24 years$6,352$4,900$3,736$2,819$2,108$614
25 years$6,033$4,599$3,460$2,574$1,897$518
26 years$5,739$4,322$3,209$2,354$1,709$438
27 years$5,467$4,067$2,980$2,154$1,541$370
28 years$5,215$3,833$2,770$1,974$1,390$313
29 years$4,981$3,616$2,578$1,810$1,255$264
30 years$4,763$3,415$2,401$1,661$1,134$224
31 years$4,560$3,228$2,239$1,526$1,026$189
32 years$4,369$3,054$2,089$1,402$928$160
33 years$4,191$2,893$1,950$1,289$840$135
34 years$4,023$2,741$1,822$1,186$760$115
35 years$3,865$2,600$1,704$1,092$688$97
36 years$3,716$2,468$1,594$1,006$624$82
37 years$3,576$2,344$1,492$927$565$69
38 years$3,444$2,228$1,397$854$513$59
39 years$3,318$2,118$1,309$788$465$50
40 years$3,199$2,015$1,227$726$422$42
41 years$3,086$1,918$1,150$670$382$36
42 years$2,979$1,827$1,079$619$347$30
43 years$2,877$1,741$1,012$571$315$26
44 years$2,780$1,659$950$527$286$22
45 years$2,688$1,582$892$487$260$18
46 years$2,600$1,510$838$450$236$16
47 years$2,516$1,441$787$416$214$13
48 years$2,435$1,375$740$384$194$11
49 years$2,358$1,313$695$355$177$9
50 years$2,285$1,254$654$328$160$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,340,000, adding $4,622 every year, while hoping to spend $37,836 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: 90/5/5 Blend
66$2,340,000$2,340,000$2,340,000$2,340,000
67$2,583,448$2,459,428$2,423,158$2,816,020
68$2,806,702$2,539,682$2,464,076$3,048,086
69$3,051,460$2,622,601$2,505,097$3,297,428
70$3,319,876$2,708,276$2,546,185$3,570,385
71$3,614,321$2,796,798$2,587,299$3,869,312
72$3,937,407$2,888,267$2,628,400$4,196,804
73$4,292,013$2,982,782$2,669,441$4,555,718
74$4,681,307$3,080,448$2,710,376$4,949,200
75$5,108,782$3,181,372$2,751,156$5,380,717
76$5,578,284$3,285,665$2,791,726$5,854,087
77$6,094,050$3,393,444$2,832,030$6,373,515
78$6,660,748$3,504,827$2,872,007$6,943,635
79$7,283,519$3,619,939$2,911,595$7,569,549
80$7,968,030$3,738,908$2,950,725$8,256,880
81$8,720,521$3,861,866$2,989,326$9,011,820
82$9,547,868$3,988,951$3,027,323$9,841,195
83$10,457,647$4,120,306$3,064,634$10,752,519
84$11,458,205$4,256,079$3,101,177$11,754,075
85$12,558,736$4,396,421$3,136,860$12,854,986
86$13,769,373$4,541,491$3,171,591$14,065,306
87$15,101,278$4,691,454$3,205,269$15,396,108
88$16,566,752$4,846,479$3,237,789$16,859,596
89$18,179,347$5,006,742$3,269,041$18,469,214
90$19,953,994$5,172,426$3,298,907$20,239,776
91$21,907,146$5,343,719$3,327,265$22,187,602
92$24,056,931$5,520,818$3,353,985$24,330,677
93$26,423,325$5,703,926$3,378,931$26,688,816
94$29,028,338$5,893,252$3,401,959$29,283,853
95$31,896,223$6,089,015$3,422,918$32,139,843
96$35,053,701$6,291,441$3,441,650$35,283,297
97$38,530,221$6,500,763$3,457,987$38,743,422
98$42,358,228$6,717,225$3,471,755$42,552,403
99$46,573,476$6,941,078$3,482,768$46,745,705
100$51,215,364$7,172,584$3,490,833$51,362,407