Can I retire at age 67 with 2,370,000?

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 $2,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$195,712$193,969$192,268$190,608$188,987$187,875
2 years$96,887$95,083$93,334$91,639$89,994$88,872
3 years$63,950$62,138$60,393$58,714$57,096$55,999
4 years$47,484$45,678$43,951$42,300$40,721$39,657
5 years$37,608$35,812$34,108$32,490$30,956$29,928
6 years$31,025$29,243$27,564$25,983$24,494$23,504
7 years$26,326$24,558$22,906$21,362$19,920$18,969
8 years$22,802$21,051$19,426$17,920$16,526$15,613
9 years$20,064$18,329$16,732$15,264$13,917$13,042
10 years$17,874$16,156$14,587$13,158$11,858$11,021
11 years$16,083$14,383$12,842$11,451$10,198$9,398
12 years$14,592$12,909$11,397$10,044$8,838$8,074
13 years$13,332$11,666$10,183$8,867$7,707$6,978
14 years$12,252$10,604$9,149$7,872$6,756$6,062
15 years$11,317$9,687$8,260$7,020$5,948$5,289
16 years$10,500$8,888$7,489$6,286$5,257$4,630
17 years$9,780$8,185$6,815$5,648$4,661$4,067
18 years$9,140$7,564$6,221$5,090$4,145$3,581
19 years$8,569$7,010$5,695$4,599$3,694$3,160
20 years$8,055$6,514$5,227$4,165$3,300$2,795
21 years$7,591$6,067$4,808$3,780$2,953$2,476
22 years$7,169$5,664$4,431$3,437$2,647$2,196
23 years$6,785$5,297$4,091$3,130$2,376$1,951
24 years$6,433$4,963$3,784$2,855$2,136$1,735
25 years$6,110$4,658$3,504$2,607$1,922$1,545
26 years$5,813$4,377$3,250$2,384$1,731$1,377
27 years$5,537$4,120$3,018$2,182$1,561$1,228
28 years$5,282$3,882$2,806$1,999$1,408$1,096
29 years$5,045$3,662$2,611$1,833$1,272$978
30 years$4,824$3,458$2,432$1,683$1,149$874
31 years$4,618$3,269$2,267$1,545$1,039$781
32 years$4,425$3,094$2,115$1,420$940$699
33 years$4,244$2,930$1,975$1,306$850$625
34 years$4,074$2,777$1,845$1,202$770$560
35 years$3,915$2,634$1,725$1,106$697$501
36 years$3,764$2,500$1,614$1,019$632$449
37 years$3,622$2,374$1,511$939$573$402
38 years$3,488$2,256$1,415$865$519$360
39 years$3,361$2,145$1,325$798$471$323
40 years$3,240$2,041$1,242$736$427$289
41 years$3,126$1,943$1,165$679$387$259
42 years$3,017$1,851$1,093$626$352$232
43 years$2,914$1,763$1,025$578$319$208
44 years$2,816$1,681$963$534$290$187
45 years$2,722$1,603$904$493$263$168
46 years$2,633$1,529$849$456$239$150
47 years$2,548$1,459$797$421$217$135
48 years$2,466$1,393$749$389$197$121
49 years$2,388$1,330$704$359$179$109
50 years$2,314$1,271$662$332$162$97

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,370,000, adding $4,463 every year, while hoping to spend $52,388 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: 33/40/27 Blend
66$2,370,000$2,370,000$2,370,000$2,370,000
67$2,616,344$2,490,734$2,453,999$2,681,061
68$2,827,470$2,557,039$2,480,467$2,796,806
69$3,058,376$2,624,838$2,506,067$2,916,479
70$3,311,023$2,694,147$2,530,712$3,044,429
71$3,587,572$2,764,985$2,554,316$3,181,425
72$3,890,401$2,837,367$2,576,783$3,328,312
73$4,222,132$2,911,307$2,598,015$3,486,024
74$4,585,649$2,986,821$2,617,907$3,655,584
75$4,984,129$3,063,919$2,636,352$3,838,125
76$5,421,073$3,142,614$2,653,232$4,034,891
77$5,900,335$3,222,915$2,668,428$4,247,254
78$6,426,161$3,304,829$2,681,812$4,476,726
79$7,003,227$3,388,363$2,693,250$4,724,973
80$7,636,683$3,473,520$2,702,601$4,993,831
81$8,332,205$3,560,303$2,709,718$5,285,323
82$9,096,042$3,648,710$2,714,446$5,601,679
83$9,935,080$3,738,738$2,716,622$5,945,356
84$10,856,904$3,830,382$2,716,074$6,319,061
85$11,869,870$3,923,633$2,712,625$6,725,782
86$12,983,184$4,018,478$2,706,085$7,168,807
87$14,206,987$4,114,902$2,696,257$7,651,764
88$15,552,454$4,212,886$2,682,935$8,178,650
89$17,031,892$4,312,406$2,665,902$8,753,871
90$18,658,866$4,413,435$2,644,931$9,382,286
91$20,448,318$4,515,940$2,619,783$10,069,248
92$22,416,710$4,619,885$2,590,210$10,820,660
93$24,582,182$4,725,227$2,555,949$11,643,027
94$26,964,720$4,831,918$2,516,729$12,543,522
95$29,586,344$4,939,905$2,472,262$13,530,050
96$32,471,317$5,049,126$2,422,249$14,611,325
97$35,646,374$5,159,515$2,366,376$15,796,955
98$39,140,969$5,270,998$2,304,315$17,097,529
99$42,987,562$5,383,490$2,235,724$18,524,720
100$47,221,915$5,496,903$2,160,242$20,091,396