Can I retire at age 67 with 2,220,000?

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 $2,220,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$183,326$181,693$180,099$178,544$177,026$175,616
2 years$90,755$89,065$87,427$85,839$84,298$82,877
3 years$59,902$58,205$56,571$54,998$53,482$52,094
4 years$44,479$42,787$41,169$39,623$38,144$36,799
5 years$35,228$33,545$31,949$30,434$28,996$27,699
6 years$29,062$27,392$25,820$24,338$22,944$21,695
7 years$24,659$23,004$21,456$20,010$18,660$17,460
8 years$21,359$19,719$18,197$16,786$15,480$14,330
9 years$18,794$17,169$15,673$14,298$13,036$11,936
10 years$16,742$15,133$13,664$12,325$11,108$10,056
11 years$15,065$13,472$12,029$10,726$9,553$8,549
12 years$13,669$12,092$10,676$9,408$8,278$7,321
13 years$12,488$10,928$9,538$8,306$7,219$6,308
14 years$11,477$9,933$8,570$7,373$6,328$5,462
15 years$10,601$9,074$7,738$6,576$5,572$4,749
16 years$9,835$8,325$7,015$5,888$4,924$4,144
17 years$9,161$7,667$6,384$5,290$4,366$3,627
18 years$8,562$7,085$5,827$4,768$3,882$3,182
19 years$8,026$6,566$5,335$4,308$3,460$2,798
20 years$7,545$6,102$4,896$3,902$3,091$2,466
21 years$7,110$5,683$4,503$3,541$2,766$2,176
22 years$6,715$5,305$4,150$3,220$2,479$1,923
23 years$6,356$4,962$3,832$2,932$2,226$1,702
24 years$6,026$4,649$3,544$2,674$2,000$1,508
25 years$5,724$4,363$3,283$2,442$1,800$1,338
26 years$5,445$4,100$3,044$2,233$1,621$1,187
27 years$5,187$3,859$2,827$2,044$1,462$1,055
28 years$4,948$3,636$2,628$1,873$1,319$937
29 years$4,726$3,430$2,446$1,717$1,191$834
30 years$4,519$3,240$2,278$1,576$1,076$742
31 years$4,326$3,062$2,124$1,448$973$661
32 years$4,145$2,898$1,982$1,330$880$588
33 years$3,976$2,744$1,850$1,223$797$524
34 years$3,817$2,601$1,729$1,126$721$467
35 years$3,667$2,467$1,616$1,036$653$417
36 years$3,526$2,341$1,512$954$592$371
37 years$3,393$2,224$1,415$879$536$331
38 years$3,267$2,113$1,325$810$486$296
39 years$3,148$2,010$1,242$747$441$264
40 years$3,035$1,912$1,164$689$400$235
41 years$2,928$1,820$1,091$636$363$210
42 years$2,826$1,733$1,024$587$329$188
43 years$2,730$1,652$960$542$299$167
44 years$2,638$1,574$902$500$271$150
45 years$2,550$1,501$847$462$246$134
46 years$2,466$1,432$795$427$224$119
47 years$2,387$1,367$747$394$203$106
48 years$2,310$1,305$702$364$184$95
49 years$2,237$1,246$660$337$167$85
50 years$2,167$1,190$620$311$152$76

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,220,000, adding $3,623 every year, while hoping to spend $34,714 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: 66/27/7 Blend
66$2,220,000$2,220,000$2,220,000$2,220,000
67$2,450,177$2,332,517$2,298,107$2,608,648
68$2,663,160$2,409,875$2,338,158$2,791,734
69$2,896,703$2,489,860$2,378,388$2,987,256
70$3,152,868$2,572,564$2,418,765$3,200,014
71$3,433,923$2,658,083$2,459,256$3,431,685
72$3,742,370$2,746,515$2,499,828$3,684,112
73$4,080,961$2,837,963$2,540,441$3,959,324
74$4,452,729$2,932,534$2,581,056$4,259,555
75$4,861,016$3,030,337$2,621,630$4,587,263
76$5,309,503$3,131,487$2,662,118$4,945,154
77$5,802,245$3,236,102$2,702,472$5,336,208
78$6,343,708$3,344,305$2,742,639$5,763,705
79$6,938,814$3,456,224$2,782,565$6,231,256
80$7,592,984$3,571,990$2,822,192$6,742,838
81$8,312,192$3,691,741$2,861,459$7,302,830
82$9,103,018$3,815,618$2,900,299$7,916,053
83$9,972,711$3,943,769$2,938,645$8,587,818
84$10,929,261$4,076,347$2,976,423$9,323,972
85$11,981,468$4,213,511$3,013,556$10,130,957
86$13,139,029$4,355,424$3,049,961$11,015,865
87$14,412,627$4,502,257$3,085,552$11,986,510
88$15,814,036$4,654,188$3,120,238$13,051,497
89$17,356,224$4,811,400$3,153,923$14,220,305
90$19,053,485$4,974,084$3,186,505$15,503,376
91$20,921,564$5,142,438$3,217,877$16,912,210
92$22,977,812$5,316,667$3,247,925$18,459,478
93$25,241,349$5,496,984$3,276,531$20,159,138
94$27,733,241$5,683,610$3,303,568$22,026,564
95$30,476,699$5,876,774$3,328,906$24,078,695
96$33,497,302$6,076,716$3,352,404$26,334,192
97$36,823,235$6,283,683$3,373,917$28,813,615
98$40,485,552$6,497,930$3,393,290$31,539,611
99$44,518,475$6,719,726$3,410,363$34,537,136
100$48,959,714$6,949,347$3,424,964$37,833,682