Can I retire at age 67 with 2,190,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$180,848$179,237$177,666$176,132$174,634$168,773
2 years$89,529$87,861$86,245$84,679$83,159$77,313
3 years$59,093$57,418$55,807$54,254$52,759$47,111
4 years$43,878$42,209$40,613$39,087$37,628$32,220
5 years$34,751$33,092$31,517$30,023$28,605$23,452
6 years$28,669$27,022$25,471$24,009$22,634$17,740
7 years$24,326$22,693$21,166$19,739$18,407$13,772
8 years$21,071$19,452$17,951$16,559$15,271$10,891
9 years$18,540$16,937$15,461$14,105$12,860$8,730
10 years$16,516$14,929$13,479$12,158$10,957$7,070
11 years$14,862$13,290$11,867$10,581$9,424$5,772
12 years$13,484$11,929$10,531$9,281$8,166$4,742
13 years$12,319$10,780$9,409$8,194$7,121$3,916
14 years$11,321$9,799$8,454$7,274$6,242$3,246
15 years$10,458$8,951$7,633$6,487$5,496$2,700
16 years$9,703$8,213$6,920$5,808$4,858$2,252
17 years$9,037$7,564$6,297$5,219$4,307$1,882
18 years$8,446$6,989$5,749$4,703$3,830$1,576
19 years$7,918$6,477$5,263$4,250$3,414$1,322
20 years$7,443$6,019$4,830$3,849$3,049$1,110
21 years$7,014$5,607$4,442$3,493$2,729$933
22 years$6,625$5,234$4,094$3,176$2,446$785
23 years$6,270$4,895$3,780$2,892$2,195$661
24 years$5,945$4,586$3,496$2,638$1,973$557
25 years$5,646$4,304$3,238$2,409$1,776$470
26 years$5,371$4,045$3,003$2,203$1,599$396
27 years$5,117$3,807$2,789$2,016$1,442$334
28 years$4,881$3,587$2,593$1,847$1,301$282
29 years$4,662$3,384$2,413$1,694$1,175$238
30 years$4,458$3,196$2,247$1,555$1,062$201
31 years$4,267$3,021$2,095$1,428$960$170
32 years$4,089$2,859$1,955$1,312$868$143
33 years$3,922$2,707$1,825$1,207$786$121
34 years$3,765$2,566$1,705$1,110$711$102
35 years$3,617$2,434$1,594$1,022$644$86
36 years$3,478$2,310$1,491$941$584$73
37 years$3,347$2,194$1,396$867$529$62
38 years$3,223$2,085$1,307$799$480$52
39 years$3,105$1,983$1,225$737$435$44
40 years$2,994$1,886$1,148$680$395$37
41 years$2,888$1,795$1,076$627$358$31
42 years$2,788$1,710$1,010$579$325$27
43 years$2,693$1,629$948$534$295$22
44 years$2,602$1,553$889$493$268$19
45 years$2,516$1,481$835$456$243$16
46 years$2,433$1,413$784$421$221$14
47 years$2,354$1,348$737$389$200$11
48 years$2,279$1,287$692$359$182$10
49 years$2,207$1,229$651$332$165$8
50 years$2,138$1,174$612$307$150$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,190,000, adding $4,421 every year, while hoping to spend $38,622 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: 69/20/11 Blend
66$2,190,000$2,190,000$2,190,000$2,190,000
67$2,417,940$2,301,870$2,267,925$2,578,932
68$2,623,477$2,373,568$2,302,807$2,758,055
69$2,848,683$2,447,485$2,337,563$2,948,865
70$3,095,526$2,523,689$2,372,149$3,156,590
71$3,366,169$2,602,249$2,406,515$3,382,887
72$3,662,997$2,683,238$2,440,612$3,629,576
73$3,988,636$2,766,730$2,474,386$3,898,664
74$4,345,979$2,852,802$2,507,780$4,192,362
75$4,738,212$2,941,532$2,540,733$4,513,100
76$5,168,844$3,033,002$2,573,182$4,863,558
77$5,641,741$3,127,294$2,605,059$5,246,686
78$6,161,163$3,224,496$2,636,293$5,665,731
79$6,731,801$3,324,695$2,666,808$6,124,271
80$7,358,823$3,427,983$2,696,524$6,626,247
81$8,047,923$3,534,455$2,725,358$7,175,998
82$8,805,374$3,644,206$2,753,221$7,778,305
83$9,638,087$3,757,337$2,780,018$8,438,432
84$10,553,675$3,873,950$2,805,652$9,162,180
85$11,560,528$3,994,151$2,830,019$9,955,937
86$12,667,886$4,118,049$2,853,009$10,826,741
87$13,885,932$4,245,755$2,874,507$11,782,345
88$15,225,886$4,377,386$2,894,392$12,831,292
89$16,700,108$4,513,060$2,912,536$13,982,990
90$18,322,218$4,652,898$2,928,804$15,247,806
91$20,107,222$4,797,028$2,943,057$16,637,161
92$22,071,655$4,945,579$2,955,146$18,163,638
93$24,233,735$5,098,684$2,964,915$19,841,101
94$26,613,537$5,256,480$2,972,200$21,684,824
95$29,233,179$5,419,109$2,976,830$23,711,637
96$32,117,034$5,586,716$2,978,625$25,940,081
97$35,291,958$5,759,452$2,977,395$28,390,589
98$38,787,542$5,937,469$2,972,942$31,085,669
99$42,636,393$6,120,927$2,965,058$34,050,127
100$46,874,442$6,309,989$2,953,524$37,311,293