Can I retire at age 67 with 2,510,000?

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 $2,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$207,273$205,427$203,626$201,868$200,151$198,226
2 years$102,611$100,700$98,848$97,052$95,310$93,371
3 years$67,728$65,808$63,961$62,182$60,469$58,575
4 years$50,289$48,376$46,547$44,799$43,127$41,294
5 years$39,829$37,927$36,122$34,410$32,784$31,017
6 years$32,858$30,971$29,192$27,518$25,941$24,242
7 years$27,881$26,009$24,259$22,624$21,097$19,467
8 years$24,149$22,295$20,574$18,979$17,502$15,941
9 years$21,249$19,411$17,720$16,166$14,739$13,246
10 years$18,930$17,110$15,449$13,935$12,559$11,133
11 years$17,033$15,232$13,601$12,127$10,801$9,441
12 years$15,454$13,672$12,070$10,637$9,360$8,065
13 years$14,119$12,355$10,784$9,391$8,162$6,931
14 years$12,976$11,230$9,690$8,337$7,155$5,985
15 years$11,986$10,259$8,748$7,435$6,300$5,190
16 years$11,120$9,413$7,932$6,657$5,568$4,516
17 years$10,357$8,669$7,217$5,981$4,937$3,942
18 years$9,680$8,010$6,589$5,390$4,389$3,449
19 years$9,075$7,424$6,032$4,871$3,912$3,024
20 years$8,531$6,899$5,535$4,411$3,495$2,657
21 years$8,039$6,426$5,092$4,003$3,127$2,338
22 years$7,593$5,998$4,693$3,640$2,803$2,060
23 years$7,186$5,610$4,333$3,315$2,516$1,818
24 years$6,813$5,256$4,007$3,024$2,262$1,606
25 years$6,471$4,933$3,711$2,761$2,035$1,420
26 years$6,156$4,636$3,442$2,525$1,833$1,256
27 years$5,864$4,363$3,196$2,311$1,653$1,112
28 years$5,594$4,111$2,971$2,117$1,491$985
29 years$5,343$3,878$2,765$1,942$1,347$874
30 years$5,109$3,663$2,576$1,782$1,217$775
31 years$4,891$3,463$2,401$1,637$1,100$688
32 years$4,687$3,276$2,240$1,504$995$610
33 years$4,495$3,103$2,092$1,383$901$542
34 years$4,315$2,941$1,954$1,273$815$482
35 years$4,146$2,789$1,827$1,171$738$428
36 years$3,986$2,647$1,709$1,079$669$380
37 years$3,836$2,514$1,600$994$606$338
38 years$3,694$2,390$1,498$916$550$301
39 years$3,559$2,272$1,404$845$499$267
40 years$3,432$2,162$1,316$779$452$238
41 years$3,311$2,058$1,234$719$410$211
42 years$3,196$1,960$1,157$664$372$188
43 years$3,086$1,867$1,086$612$338$167
44 years$2,982$1,780$1,019$566$307$149
45 years$2,883$1,697$957$522$278$133
46 years$2,789$1,619$899$482$253$118
47 years$2,698$1,545$845$446$230$105
48 years$2,612$1,475$794$412$208$93
49 years$2,530$1,409$746$381$189$83
50 years$2,451$1,346$701$352$172$74

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,510,000, adding $4,947 every year, while hoping to spend $32,242 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: 27/49/24 Blend
66$2,510,000$2,510,000$2,510,000$2,510,000
67$2,771,123$2,638,093$2,599,188$2,824,924
68$3,019,472$2,733,054$2,651,955$2,963,066
69$3,292,072$2,831,588$2,705,410$3,108,146
70$3,591,363$2,933,835$2,759,541$3,263,246
71$3,920,032$3,039,943$2,814,335$3,429,239
72$4,281,039$3,150,064$2,869,779$3,607,079
73$4,677,645$3,264,357$2,925,857$3,797,816
74$5,113,444$3,382,989$2,982,552$4,002,599
75$5,592,392$3,506,133$3,039,844$4,222,690
76$6,118,850$3,633,968$3,097,713$4,459,475
77$6,697,622$3,766,681$3,156,136$4,714,473
78$7,334,001$3,904,470$3,215,087$4,989,353
79$8,033,816$4,047,536$3,274,540$5,285,948
80$8,803,492$4,196,092$3,334,464$5,606,271
81$9,650,108$4,350,360$3,394,828$5,952,535
82$10,581,461$4,510,570$3,455,597$6,327,168
83$11,606,145$4,676,962$3,516,734$6,732,843
84$12,733,625$4,849,787$3,578,198$7,172,495
85$13,974,333$5,029,305$3,639,946$7,649,352
86$15,339,762$5,215,788$3,701,932$8,166,960
87$16,842,577$5,409,521$3,764,106$8,729,222
88$18,496,731$5,610,799$3,826,414$9,340,429
89$20,317,600$5,819,929$3,888,801$10,005,300
90$22,322,124$6,037,235$3,951,205$10,729,025
91$24,528,972$6,263,051$4,013,561$11,517,316
92$26,958,713$6,497,726$4,075,802$12,376,457
93$29,634,012$6,741,626$4,137,852$13,313,359
94$32,579,846$6,995,130$4,199,635$14,335,630
95$35,823,735$7,258,636$4,261,067$15,451,644
96$39,396,004$7,532,557$4,322,061$16,670,612
97$43,330,069$7,817,325$4,382,522$18,002,678
98$47,662,753$8,113,390$4,442,353$19,459,004
99$52,434,630$8,421,223$4,501,449$21,051,879
100$57,690,412$8,741,313$4,559,697$22,794,830