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

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 $2,220,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$183,326$181,693$180,099$178,544$177,026$173,950
2 years$90,755$89,065$87,427$85,839$84,298$81,209
3 years$59,902$58,205$56,571$54,998$53,482$50,476
4 years$44,479$42,787$41,169$39,623$38,144$35,245
5 years$35,228$33,545$31,949$30,434$28,996$26,212
6 years$29,062$27,392$25,820$24,338$22,944$20,277
7 years$24,659$23,004$21,456$20,010$18,660$16,111
8 years$21,359$19,719$18,197$16,786$15,480$13,049
9 years$18,794$17,169$15,673$14,298$13,036$10,722
10 years$16,742$15,133$13,664$12,325$11,108$8,908
11 years$15,065$13,472$12,029$10,726$9,553$7,466
12 years$13,669$12,092$10,676$9,408$8,278$6,301
13 years$12,488$10,928$9,538$8,306$7,219$5,348
14 years$11,477$9,933$8,570$7,373$6,328$4,560
15 years$10,601$9,074$7,738$6,576$5,572$3,903
16 years$9,835$8,325$7,015$5,888$4,924$3,352
17 years$9,161$7,667$6,384$5,290$4,366$2,887
18 years$8,562$7,085$5,827$4,768$3,882$2,491
19 years$8,026$6,566$5,335$4,308$3,460$2,155
20 years$7,545$6,102$4,896$3,902$3,091$1,866
21 years$7,110$5,683$4,503$3,541$2,766$1,619
22 years$6,715$5,305$4,150$3,220$2,479$1,406
23 years$6,356$4,962$3,832$2,932$2,226$1,223
24 years$6,026$4,649$3,544$2,674$2,000$1,064
25 years$5,724$4,363$3,283$2,442$1,800$927
26 years$5,445$4,100$3,044$2,233$1,621$808
27 years$5,187$3,859$2,827$2,044$1,462$705
28 years$4,948$3,636$2,628$1,873$1,319$615
29 years$4,726$3,430$2,446$1,717$1,191$537
30 years$4,519$3,240$2,278$1,576$1,076$469
31 years$4,326$3,062$2,124$1,448$973$409
32 years$4,145$2,898$1,982$1,330$880$358
33 years$3,976$2,744$1,850$1,223$797$313
34 years$3,817$2,601$1,729$1,126$721$273
35 years$3,667$2,467$1,616$1,036$653$239
36 years$3,526$2,341$1,512$954$592$209
37 years$3,393$2,224$1,415$879$536$183
38 years$3,267$2,113$1,325$810$486$160
39 years$3,148$2,010$1,242$747$441$140
40 years$3,035$1,912$1,164$689$400$123
41 years$2,928$1,820$1,091$636$363$107
42 years$2,826$1,733$1,024$587$329$94
43 years$2,730$1,652$960$542$299$82
44 years$2,638$1,574$902$500$271$72
45 years$2,550$1,501$847$462$246$63
46 years$2,466$1,432$795$427$224$55
47 years$2,387$1,367$747$394$203$48
48 years$2,310$1,305$702$364$184$42
49 years$2,237$1,246$660$337$167$37
50 years$2,167$1,190$620$311$152$32

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 $5,854 every year, while hoping to spend $43,174 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: 67/9/24 Blend
66$2,220,000$2,220,000$2,220,000$2,220,000
67$2,452,478$2,334,818$2,300,408$2,601,299
68$2,656,694$2,403,288$2,331,535$2,770,463
69$2,880,293$2,473,665$2,362,258$2,949,937
70$3,125,207$2,545,998$2,392,517$3,145,222
71$3,393,562$2,620,336$2,422,250$3,357,877
72$3,687,701$2,696,728$2,451,392$3,589,620
73$4,010,205$2,775,226$2,479,871$3,842,344
74$4,363,913$2,855,880$2,507,615$4,118,135
75$4,751,958$2,938,743$2,534,545$4,419,287
76$5,177,785$3,023,869$2,560,579$4,748,331
77$5,645,191$3,111,311$2,585,632$5,108,056
78$6,158,361$3,201,125$2,609,610$5,501,531
79$6,721,900$3,293,367$2,632,419$5,932,140
80$7,340,885$3,388,093$2,653,956$6,403,611
81$8,020,907$3,485,362$2,674,115$6,920,051
82$8,768,126$3,585,231$2,692,785$7,485,987
83$9,589,328$3,687,760$2,709,845$8,106,405
84$10,491,987$3,793,008$2,725,174$8,786,800
85$11,484,342$3,901,037$2,738,639$9,533,226
86$12,575,465$4,011,908$2,750,103$10,352,354
87$13,775,354$4,125,683$2,759,423$11,251,538
88$15,095,022$4,242,424$2,766,446$12,238,876
89$16,546,607$4,362,195$2,771,014$13,323,297
90$18,143,477$4,485,059$2,772,960$14,514,637
91$19,900,366$4,611,081$2,772,108$15,823,736
92$21,833,504$4,740,325$2,768,275$17,262,539
93$23,960,777$4,872,856$2,761,267$18,844,209
94$26,301,889$5,008,739$2,750,882$20,583,253
95$28,878,553$5,148,039$2,736,909$22,495,654
96$31,714,695$5,290,822$2,719,124$24,599,030
97$34,836,674$5,437,153$2,697,295$26,912,792
98$38,273,539$5,587,097$2,671,178$29,458,332
99$42,057,294$5,740,719$2,640,518$32,259,225
100$46,223,209$5,898,085$2,605,045$35,341,450