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

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 $2,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$180,848$179,237$177,666$176,132$174,634$173,460
2 years$89,529$87,861$86,245$84,679$83,159$81,976
3 years$59,093$57,418$55,807$54,254$52,759$51,603
4 years$43,878$42,209$40,613$39,087$37,628$36,507
5 years$34,751$33,092$31,517$30,023$28,605$27,522
6 years$28,669$27,022$25,471$24,009$22,634$21,592
7 years$24,326$22,693$21,166$19,739$18,407$17,406
8 years$21,071$19,452$17,951$16,559$15,271$14,310
9 years$18,540$16,937$15,461$14,105$12,860$11,940
10 years$16,516$14,929$13,479$12,158$10,957$10,077
11 years$14,862$13,290$11,867$10,581$9,424$8,583
12 years$13,484$11,929$10,531$9,281$8,166$7,364
13 years$12,319$10,780$9,409$8,194$7,121$6,357
14 years$11,321$9,799$8,454$7,274$6,242$5,515
15 years$10,458$8,951$7,633$6,487$5,496$4,805
16 years$9,703$8,213$6,920$5,808$4,858$4,201
17 years$9,037$7,564$6,297$5,219$4,307$3,685
18 years$8,446$6,989$5,749$4,703$3,830$3,240
19 years$7,918$6,477$5,263$4,250$3,414$2,855
20 years$7,443$6,019$4,830$3,849$3,049$2,521
21 years$7,014$5,607$4,442$3,493$2,729$2,230
22 years$6,625$5,234$4,094$3,176$2,446$1,976
23 years$6,270$4,895$3,780$2,892$2,195$1,752
24 years$5,945$4,586$3,496$2,638$1,973$1,556
25 years$5,646$4,304$3,238$2,409$1,776$1,383
26 years$5,371$4,045$3,003$2,203$1,599$1,231
27 years$5,117$3,807$2,789$2,016$1,442$1,096
28 years$4,881$3,587$2,593$1,847$1,301$976
29 years$4,662$3,384$2,413$1,694$1,175$871
30 years$4,458$3,196$2,247$1,555$1,062$777
31 years$4,267$3,021$2,095$1,428$960$693
32 years$4,089$2,859$1,955$1,312$868$619
33 years$3,922$2,707$1,825$1,207$786$553
34 years$3,765$2,566$1,705$1,110$711$494
35 years$3,617$2,434$1,594$1,022$644$441
36 years$3,478$2,310$1,491$941$584$395
37 years$3,347$2,194$1,396$867$529$353
38 years$3,223$2,085$1,307$799$480$316
39 years$3,105$1,983$1,225$737$435$282
40 years$2,994$1,886$1,148$680$395$253
41 years$2,888$1,795$1,076$627$358$226
42 years$2,788$1,710$1,010$579$325$202
43 years$2,693$1,629$948$534$295$181
44 years$2,602$1,553$889$493$268$162
45 years$2,516$1,481$835$456$243$145
46 years$2,433$1,413$784$421$221$130
47 years$2,354$1,348$737$389$200$116
48 years$2,279$1,287$692$359$182$104
49 years$2,207$1,229$651$332$165$93
50 years$2,138$1,174$612$307$150$84

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 $6,461 every year, while hoping to spend $20,603 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: 60/20/20 Blend
66$2,190,000$2,190,000$2,190,000$2,190,000
67$2,420,045$2,303,975$2,270,030$2,552,205
68$2,644,968$2,394,948$2,324,154$2,733,419
69$2,892,142$2,489,688$2,379,401$2,928,200
70$3,163,817$2,588,359$2,435,787$3,140,243
71$3,462,467$2,691,129$2,493,327$3,371,222
72$3,790,822$2,798,178$2,552,037$3,622,983
73$4,151,887$2,909,690$2,611,931$3,897,556
74$4,548,975$3,025,860$2,673,026$4,197,174
75$4,985,734$3,146,891$2,735,336$4,524,295
76$5,466,184$3,272,994$2,798,875$4,881,625
77$5,994,755$3,404,391$2,863,658$5,272,143
78$6,576,327$3,541,313$2,929,698$5,699,126
79$7,216,279$3,684,004$2,997,009$6,166,185
80$7,920,534$3,832,715$3,065,603$6,677,292
81$8,695,621$3,987,711$3,135,494$7,236,822
82$9,548,734$4,149,268$3,206,692$7,849,592
83$10,487,798$4,317,675$3,279,210$8,520,905
84$11,521,548$4,493,235$3,353,057$9,256,603
85$12,659,605$4,676,263$3,428,244$10,063,115
86$13,912,575$4,867,090$3,504,780$10,947,524
87$15,292,140$5,066,060$3,582,673$11,917,631
88$16,811,177$5,273,536$3,661,931$12,982,026
89$18,483,871$5,489,893$3,742,560$14,150,169
90$20,325,855$5,715,527$3,824,565$15,432,481
91$22,354,356$5,950,852$3,907,952$16,840,439
92$24,588,355$6,196,298$3,992,722$18,386,685
93$27,048,768$6,452,317$4,078,879$20,085,144
94$29,758,644$6,719,382$4,166,423$21,951,156
95$32,743,380$6,997,987$4,255,353$24,001,617
96$36,030,964$7,288,648$4,345,667$26,255,140
97$39,652,236$7,591,905$4,437,361$28,732,230
98$43,641,181$7,908,325$4,530,429$31,455,474
99$48,035,247$8,238,499$4,624,864$34,449,757
100$52,875,702$8,583,045$4,720,656$37,742,492