Can I retire at age 67 with 2,520,000?

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 $2,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$208,099$206,246$204,437$202,672$200,948$196,250
2 years$103,019$101,101$99,241$97,438$95,690$90,983
3 years$67,997$66,070$64,216$62,430$60,709$56,141
4 years$50,490$48,569$46,733$44,977$43,299$38,904
5 years$39,988$38,079$36,266$34,547$32,915$28,706
6 years$32,989$31,094$29,309$27,627$26,044$22,026
7 years$27,992$26,113$24,356$22,714$21,181$17,354
8 years$24,246$22,383$20,655$19,054$17,572$13,934
9 years$21,333$19,489$17,791$16,230$14,798$11,347
10 years$19,005$17,178$15,510$13,990$12,609$9,341
11 years$17,101$15,293$13,655$12,176$10,844$7,754
12 years$15,516$13,726$12,118$10,680$9,397$6,481
13 years$14,175$12,404$10,827$9,429$8,194$5,446
14 years$13,027$11,275$9,728$8,370$7,183$4,597
15 years$12,033$10,300$8,783$7,464$6,325$3,894
16 years$11,165$9,450$7,963$6,683$5,590$3,309
17 years$10,399$8,703$7,246$6,005$4,956$2,819
18 years$9,719$8,042$6,615$5,412$4,407$2,406
19 years$9,111$7,453$6,056$4,890$3,928$2,058
20 years$8,565$6,926$5,558$4,429$3,508$1,763
21 years$8,071$6,451$5,112$4,019$3,140$1,512
22 years$7,623$6,022$4,711$3,655$2,814$1,298
23 years$7,214$5,632$4,350$3,328$2,526$1,116
24 years$6,840$5,277$4,023$3,036$2,271$959
25 years$6,497$4,952$3,726$2,772$2,043$826
26 years$6,180$4,654$3,456$2,535$1,840$711
27 years$5,888$4,380$3,209$2,320$1,659$613
28 years$5,617$4,128$2,983$2,126$1,497$528
29 years$5,364$3,894$2,776$1,949$1,352$455
30 years$5,130$3,677$2,586$1,789$1,222$393
31 years$4,910$3,476$2,411$1,643$1,104$339
32 years$4,705$3,289$2,249$1,510$999$293
33 years$4,513$3,115$2,100$1,389$904$252
34 years$4,332$2,952$1,962$1,278$819$218
35 years$4,162$2,800$1,835$1,176$741$188
36 years$4,002$2,658$1,716$1,083$672$163
37 years$3,851$2,524$1,606$998$609$140
38 years$3,708$2,399$1,504$920$552$121
39 years$3,573$2,281$1,409$848$501$105
40 years$3,445$2,170$1,321$782$454$90
41 years$3,324$2,066$1,239$722$412$78
42 years$3,208$1,968$1,162$666$374$68
43 years$3,099$1,875$1,090$615$339$58
44 years$2,994$1,787$1,023$568$308$50
45 years$2,895$1,704$961$524$280$44
46 years$2,800$1,626$903$484$254$38
47 years$2,709$1,551$848$447$230$33
48 years$2,622$1,481$797$414$209$28
49 years$2,540$1,414$749$382$190$24
50 years$2,460$1,351$704$353$173$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,520,000, adding $5,250 every year, while hoping to spend $49,589 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: 58/14/28 Blend
66$2,520,000$2,520,000$2,520,000$2,520,000
67$2,782,455$2,648,895$2,609,835$2,922,277
68$3,013,504$2,725,929$2,644,503$3,095,685
69$3,266,457$2,805,075$2,678,669$3,278,999
70$3,543,496$2,886,385$2,712,266$3,477,864
71$3,847,026$2,969,911$2,745,220$3,693,804
72$4,179,692$3,055,705$2,777,453$3,928,496
73$4,544,407$3,143,822$2,808,885$4,183,786
74$4,944,383$3,234,316$2,839,430$4,461,710
75$5,383,155$3,327,242$2,868,995$4,764,509
76$5,864,617$3,422,657$2,897,486$5,094,653
77$6,393,057$3,520,616$2,924,801$5,454,862
78$6,973,201$3,621,179$2,950,835$5,848,135
79$7,610,254$3,724,403$2,975,474$6,277,774
80$8,309,948$3,830,347$2,998,600$6,747,418
81$9,078,600$3,939,071$3,020,090$7,261,077
82$9,923,167$4,050,635$3,039,813$7,823,170
83$10,851,314$4,165,100$3,057,631$8,438,564
84$11,871,485$4,282,528$3,073,399$9,112,625
85$12,992,984$4,402,979$3,086,965$9,851,263
86$14,226,060$4,526,517$3,098,170$10,660,994
87$15,582,006$4,653,203$3,106,846$11,548,995
88$17,073,261$4,783,101$3,112,817$12,523,176
89$18,713,534$4,916,274$3,115,897$13,592,255
90$20,517,928$5,052,784$3,115,892$14,765,838
91$22,503,081$5,192,695$3,112,599$16,054,511
92$24,687,328$5,336,070$3,105,804$17,469,940
93$27,090,870$5,482,972$3,095,283$19,024,981
94$29,735,964$5,633,463$3,080,800$20,733,802
95$32,647,136$5,787,606$3,062,110$22,612,016
96$35,851,407$5,945,462$3,038,954$24,676,829
97$39,378,553$6,107,092$3,011,061$26,947,203
98$43,261,382$6,272,556$2,978,149$29,444,037
99$47,536,046$6,441,914$2,939,920$32,190,358
100$52,242,379$6,615,224$2,896,063$35,211,546