Can I retire at age 67 with 2,200,000?

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 $2,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$181,674$180,056$178,477$176,936$175,431$171,959
2 years$89,938$88,263$86,639$85,065$83,539$80,056
3 years$59,363$57,681$56,061$54,502$53,000$49,615
4 years$44,078$42,401$40,798$39,266$37,800$34,538
5 years$34,910$33,243$31,661$30,160$28,735$25,605
6 years$28,800$27,146$25,587$24,119$22,737$19,744
7 years$24,437$22,797$21,263$19,830$18,491$15,635
8 years$21,167$19,541$18,033$16,635$15,340$12,619
9 years$18,624$17,014$15,531$14,169$12,919$10,332
10 years$16,592$14,997$13,541$12,214$11,007$8,552
11 years$14,930$13,351$11,921$10,630$9,467$7,141
12 years$13,546$11,983$10,580$9,324$8,204$6,003
13 years$12,375$10,829$9,452$8,231$7,154$5,075
14 years$11,373$9,843$8,493$7,307$6,271$4,310
15 years$10,505$8,992$7,668$6,516$5,521$3,674
16 years$9,747$8,250$6,952$5,835$4,880$3,142
17 years$9,078$7,598$6,326$5,243$4,327$2,694
18 years$8,485$7,021$5,775$4,725$3,847$2,315
19 years$7,954$6,507$5,287$4,269$3,429$1,993
20 years$7,477$6,047$4,852$3,866$3,063$1,719
21 years$7,046$5,632$4,463$3,509$2,741$1,484
22 years$6,655$5,257$4,113$3,191$2,457$1,283
23 years$6,298$4,917$3,798$2,906$2,205$1,111
24 years$5,972$4,607$3,512$2,650$1,982$962
25 years$5,672$4,323$3,253$2,420$1,784$834
26 years$5,396$4,063$3,017$2,213$1,607$723
27 years$5,140$3,824$2,802$2,026$1,449$628
28 years$4,903$3,603$2,604$1,856$1,307$545
29 years$4,683$3,399$2,424$1,702$1,180$474
30 years$4,478$3,210$2,258$1,562$1,066$412
31 years$4,287$3,035$2,105$1,434$964$358
32 years$4,108$2,872$1,964$1,318$872$311
33 years$3,940$2,719$1,833$1,212$789$271
34 years$3,782$2,577$1,713$1,115$715$235
35 years$3,634$2,445$1,602$1,027$647$205
36 years$3,494$2,320$1,498$946$586$178
37 years$3,362$2,204$1,402$871$532$155
38 years$3,238$2,094$1,313$803$482$135
39 years$3,120$1,992$1,230$740$437$117
40 years$3,008$1,895$1,153$683$396$102
41 years$2,902$1,804$1,081$630$360$89
42 years$2,801$1,718$1,014$582$326$78
43 years$2,705$1,637$952$537$296$68
44 years$2,614$1,560$893$496$269$59
45 years$2,527$1,488$839$458$244$51
46 years$2,444$1,419$788$423$222$45
47 years$2,365$1,354$740$391$201$39
48 years$2,289$1,293$696$361$183$34
49 years$2,217$1,235$654$334$166$29
50 years$2,148$1,179$615$308$151$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,200,000, adding $5,853 every year, while hoping to spend $57,869 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: 46/43/11 Blend
66$2,200,000$2,200,000$2,200,000$2,200,000
67$2,430,437$2,313,837$2,279,737$2,534,479
68$2,616,770$2,365,643$2,294,536$2,658,831
69$2,820,169$2,418,048$2,307,892$2,787,234
70$3,042,314$2,471,020$2,319,694$2,925,223
71$3,285,054$2,524,524$2,329,828$3,073,706
72$3,550,424$2,578,521$2,338,172$3,233,686
73$3,840,667$2,632,968$2,344,601$3,406,264
74$4,158,250$2,687,819$2,348,980$3,592,654
75$4,505,891$2,743,021$2,351,169$3,794,196
76$4,886,580$2,798,517$2,351,022$4,012,364
77$5,303,615$2,854,248$2,348,385$4,248,784
78$5,760,622$2,910,145$2,343,095$4,505,247
79$6,261,600$2,966,137$2,334,983$4,783,726
80$6,810,950$3,022,144$2,323,871$5,086,397
81$7,413,519$3,078,081$2,309,573$5,415,660
82$8,074,648$3,133,857$2,291,893$5,774,156
83$8,800,217$3,189,371$2,270,627$6,164,800
84$9,596,707$3,244,518$2,245,560$6,590,802
85$10,471,252$3,299,181$2,216,468$7,055,705
86$11,431,716$3,353,236$2,183,115$7,563,409
87$12,486,756$3,406,550$2,145,256$8,118,218
88$13,645,915$3,458,981$2,102,631$8,724,874
89$14,919,702$3,510,374$2,054,973$9,388,604
90$16,319,694$3,560,566$2,001,997$10,115,172
91$17,858,649$3,609,379$1,943,410$10,910,932
92$19,550,619$3,656,626$1,878,902$11,782,887
93$21,411,087$3,702,106$1,808,150$12,738,759
94$23,457,112$3,745,603$1,730,817$13,787,060
95$25,707,486$3,786,887$1,646,549$14,937,174
96$28,182,919$3,825,713$1,554,977$16,199,444
97$30,906,223$3,861,820$1,455,715$17,585,275
98$33,902,537$3,894,928$1,348,360$19,107,237
99$37,199,557$3,924,740$1,232,492$20,779,190
100$40,827,800$3,950,941$1,107,669$22,616,411