Can I retire at age 67 with 2,490,000?

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 $2,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$205,622$203,790$202,003$200,259$198,556$197,057
2 years$101,793$99,897$98,060$96,278$94,551$93,039
3 years$67,188$65,284$63,451$61,687$59,987$58,510
4 years$49,889$47,991$46,176$44,442$42,783$41,352
5 years$39,512$37,625$35,835$34,135$32,523$31,142
6 years$32,596$30,724$28,960$27,298$25,734$24,405
7 years$27,659$25,802$24,066$22,444$20,929$19,652
8 years$23,957$22,117$20,410$18,827$17,363$16,139
9 years$21,079$19,257$17,579$16,037$14,622$13,450
10 years$18,779$16,974$15,326$13,824$12,458$11,338
11 years$16,898$15,111$13,492$12,031$10,715$9,645
12 years$15,331$13,563$11,974$10,553$9,285$8,265
13 years$14,007$12,257$10,698$9,316$8,097$7,126
14 years$12,872$11,141$9,612$8,270$7,098$6,174
15 years$11,890$10,178$8,679$7,375$6,249$5,372
16 years$11,032$9,338$7,868$6,604$5,523$4,690
17 years$10,275$8,600$7,160$5,934$4,897$4,108
18 years$9,603$7,946$6,536$5,347$4,354$3,607
19 years$9,002$7,365$5,984$4,832$3,881$3,174
20 years$8,463$6,844$5,491$4,376$3,467$2,799
21 years$7,975$6,375$5,051$3,972$3,102$2,472
22 years$7,532$5,950$4,655$3,611$2,781$2,187
23 years$7,129$5,565$4,298$3,289$2,496$1,937
24 years$6,759$5,214$3,975$2,999$2,244$1,717
25 years$6,420$4,893$3,682$2,739$2,019$1,524
26 years$6,107$4,599$3,415$2,505$1,819$1,354
27 years$5,818$4,328$3,171$2,293$1,640$1,204
28 years$5,550$4,078$2,948$2,100$1,479$1,071
29 years$5,301$3,848$2,743$1,926$1,336$953
30 years$5,069$3,634$2,555$1,768$1,207$849
31 years$4,852$3,435$2,382$1,624$1,091$756
32 years$4,649$3,250$2,223$1,492$987$674
33 years$4,459$3,078$2,075$1,372$893$601
34 years$4,281$2,917$1,939$1,262$809$536
35 years$4,113$2,767$1,813$1,162$733$478
36 years$3,955$2,626$1,696$1,070$664$427
37 years$3,805$2,494$1,587$986$602$381
38 years$3,664$2,370$1,486$909$545$340
39 years$3,531$2,254$1,393$838$495$304
40 years$3,404$2,145$1,305$773$449$272
41 years$3,284$2,041$1,224$713$407$243
42 years$3,170$1,944$1,148$658$369$217
43 years$3,062$1,852$1,077$608$335$194
44 years$2,958$1,766$1,011$561$304$173
45 years$2,860$1,684$950$518$276$155
46 years$2,766$1,606$892$479$251$138
47 years$2,677$1,533$838$442$228$124
48 years$2,591$1,463$787$409$207$110
49 years$2,509$1,397$740$378$188$99
50 years$2,431$1,335$696$349$171$88

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,490,000, adding $3,451 every year, while hoping to spend $37,028 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: 59/32/9 Blend
66$2,490,000$2,490,000$2,490,000$2,490,000
67$2,747,540$2,615,570$2,576,975$2,903,806
68$2,988,391$2,704,335$2,623,906$3,097,954
69$3,252,569$2,796,209$2,671,168$3,305,051
70$3,542,412$2,891,305$2,718,734$3,529,948
71$3,860,499$2,989,739$2,766,572$3,774,358
72$4,209,669$3,091,636$2,814,651$4,040,165
73$4,593,049$3,197,120$2,862,936$4,329,442
74$5,014,085$3,306,323$2,911,389$4,644,470
75$5,476,571$3,419,383$2,959,971$4,987,758
76$5,984,689$3,536,441$3,008,638$5,362,069
77$6,543,045$3,657,644$3,057,344$5,770,442
78$7,156,713$3,783,145$3,106,042$6,216,224
79$7,831,282$3,913,104$3,154,679$6,703,097
80$8,572,912$4,047,685$3,203,200$7,235,117
81$9,388,387$4,187,060$3,251,546$7,816,747
82$10,285,184$4,331,408$3,299,654$8,452,902
83$11,271,538$4,480,912$3,347,458$9,148,993
84$12,356,524$4,635,766$3,394,887$9,910,978
85$13,550,141$4,796,169$3,441,866$10,745,419
86$14,863,403$4,962,330$3,488,317$11,659,539
87$16,308,450$5,134,463$3,534,155$12,661,296
88$17,898,654$5,312,794$3,579,292$13,759,452
89$19,648,752$5,497,556$3,623,633$14,963,657
90$21,574,979$5,688,990$3,667,079$16,284,541
91$23,695,226$5,887,350$3,709,525$17,733,811
92$26,029,205$6,092,897$3,750,860$19,324,360
93$28,598,638$6,305,903$3,790,968$21,070,392
94$31,427,458$6,526,651$3,829,725$22,987,553
95$34,542,039$6,755,437$3,867,001$25,093,076
96$37,971,440$6,992,566$3,902,658$27,405,946
97$41,747,682$7,238,357$3,936,552$29,947,076
98$45,906,050$7,493,141$3,968,531$32,739,505
99$50,485,424$7,757,263$3,998,435$35,808,613
100$55,528,650$8,031,081$4,026,094$39,182,361