Can I retire at age 67 with 2,470,000?

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 $2,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$203,970$202,153$200,381$198,651$196,961$190,733
2 years$100,975$99,095$97,272$95,505$93,791$87,572
3 years$66,648$64,760$62,942$61,191$59,505$53,491
4 years$49,488$47,605$45,805$44,085$42,439$36,677
5 years$39,195$37,323$35,547$33,861$32,262$26,766
6 years$32,335$30,477$28,727$27,079$25,528$20,303
7 years$27,436$25,595$23,872$22,263$20,761$15,807
8 years$23,765$21,939$20,246$18,676$17,223$12,536
9 years$20,910$19,102$17,438$15,908$14,504$10,080
10 years$18,628$16,838$15,202$13,713$12,358$8,189
11 years$16,762$14,989$13,384$11,934$10,629$6,707
12 years$15,208$13,454$11,878$10,468$9,211$5,529
13 years$13,894$12,158$10,612$9,242$8,032$4,581
14 years$12,769$11,052$9,535$8,204$7,041$3,811
15 years$11,795$10,096$8,609$7,316$6,199$3,181
16 years$10,943$9,263$7,805$6,551$5,479$2,663
17 years$10,192$8,531$7,102$5,886$4,858$2,234
18 years$9,526$7,883$6,484$5,304$4,319$1,878
19 years$8,930$7,306$5,935$4,793$3,850$1,581
20 years$8,395$6,789$5,447$4,341$3,439$1,332
21 years$7,911$6,323$5,010$3,940$3,077$1,124
22 years$7,472$5,903$4,618$3,582$2,758$950
23 years$7,071$5,521$4,264$3,262$2,476$803
24 years$6,705$5,172$3,943$2,975$2,226$679
25 years$6,368$4,854$3,652$2,717$2,003$575
26 years$6,058$4,562$3,387$2,485$1,804$487
27 years$5,771$4,293$3,145$2,274$1,626$412
28 years$5,505$4,046$2,924$2,084$1,468$349
29 years$5,258$3,817$2,721$1,911$1,325$296
30 years$5,028$3,604$2,535$1,754$1,197$251
31 years$4,813$3,407$2,363$1,611$1,083$213
32 years$4,612$3,224$2,205$1,480$979$181
33 years$4,423$3,053$2,058$1,361$886$153
34 years$4,246$2,894$1,923$1,252$802$130
35 years$4,080$2,745$1,798$1,153$727$110
36 years$3,923$2,605$1,682$1,062$658$93
37 years$3,775$2,474$1,574$978$597$79
38 years$3,635$2,351$1,474$902$541$67
39 years$3,502$2,236$1,381$831$491$57
40 years$3,377$2,127$1,295$767$445$48
41 years$3,258$2,025$1,214$707$404$41
42 years$3,145$1,929$1,139$653$366$35
43 years$3,037$1,838$1,069$603$332$30
44 years$2,935$1,752$1,003$557$302$25
45 years$2,837$1,670$942$514$274$21
46 years$2,744$1,593$885$475$249$18
47 years$2,655$1,521$831$439$226$15
48 years$2,570$1,452$781$405$205$13
49 years$2,489$1,386$734$375$186$11
50 years$2,412$1,324$690$346$169$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,470,000, adding $6,330 every year, while hoping to spend $44,110 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: 51/22/27 Blend
66$2,470,000$2,470,000$2,470,000$2,470,000
67$2,728,469$2,597,559$2,559,274$2,846,603
68$2,959,841$2,677,907$2,598,077$3,009,849
69$3,213,333$2,760,713$2,636,702$3,182,312
70$3,491,157$2,846,052$2,675,095$3,368,972
71$3,795,746$2,934,000$2,713,202$3,571,200
72$4,129,781$3,024,634$2,750,963$3,790,504
73$4,496,213$3,118,036$2,788,315$4,028,545
74$4,898,295$3,214,289$2,825,192$4,287,151
75$5,339,609$3,313,476$2,861,523$4,568,335
76$5,824,100$3,415,688$2,897,235$4,874,314
77$6,356,115$3,521,012$2,932,249$5,207,530
78$6,940,440$3,629,544$2,966,481$5,570,672
79$7,582,351$3,741,377$2,999,844$5,966,702
80$8,287,657$3,856,611$3,032,245$6,398,883
81$9,062,760$3,975,347$3,063,587$6,870,808
82$9,914,710$4,097,688$3,093,766$7,386,435
83$10,851,277$4,223,741$3,122,674$7,950,125
84$11,881,020$4,353,617$3,150,196$8,566,683
85$13,013,368$4,487,429$3,176,212$9,241,401
86$14,258,712$4,625,292$3,200,595$9,980,109
87$15,628,496$4,767,327$3,223,211$10,789,230
88$17,135,334$4,913,657$3,243,919$11,675,843
89$18,793,120$5,064,409$3,262,572$12,647,745
90$20,617,165$5,219,711$3,279,015$13,713,528
91$22,624,337$5,379,698$3,293,084$14,882,656
92$24,833,224$5,544,508$3,304,606$16,165,562
93$27,264,305$5,714,282$3,313,403$17,573,737
94$29,940,146$5,889,164$3,319,285$19,119,844
95$32,885,613$6,069,304$3,322,052$20,817,838
96$36,128,101$6,254,855$3,321,496$22,683,093
97$39,697,800$6,445,976$3,317,399$24,732,552
98$43,627,974$6,642,827$3,309,530$26,984,883
99$47,955,277$6,845,576$3,297,649$29,460,658
100$52,720,098$7,054,392$3,281,504$32,182,546