Can I retire at age 67 with 2,230,000?

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 $2,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$184,151$182,511$180,911$179,349$177,823$176,260
2 years$91,164$89,466$87,821$86,225$84,678$83,102
3 years$60,172$58,467$56,826$55,245$53,723$52,184
4 years$44,679$42,980$41,355$39,801$38,316$36,826
5 years$35,386$33,696$32,093$30,571$29,127$27,690
6 years$29,193$27,516$25,936$24,448$23,047$21,665
7 years$24,771$23,108$21,553$20,100$18,744$17,417
8 years$21,455$19,808$18,278$16,861$15,550$14,278
9 years$18,878$17,246$15,743$14,362$13,095$11,879
10 years$16,818$15,202$13,725$12,380$11,158$9,996
11 years$15,133$13,533$12,084$10,775$9,596$8,487
12 years$13,730$12,147$10,724$9,451$8,316$7,259
13 years$12,544$10,977$9,581$8,344$7,251$6,246
14 years$11,528$9,978$8,609$7,407$6,357$5,401
15 years$10,649$9,115$7,772$6,605$5,597$4,690
16 years$9,880$8,363$7,047$5,914$4,946$4,087
17 years$9,202$7,702$6,412$5,314$4,386$3,572
18 years$8,600$7,117$5,854$4,789$3,900$3,130
19 years$8,062$6,596$5,359$4,327$3,476$2,748
20 years$7,579$6,129$4,918$3,919$3,105$2,418
21 years$7,142$5,709$4,524$3,557$2,778$2,131
22 years$6,746$5,329$4,169$3,234$2,490$1,881
23 years$6,384$4,984$3,850$2,945$2,236$1,662
24 years$6,053$4,670$3,560$2,686$2,009$1,470
25 years$5,749$4,382$3,297$2,453$1,808$1,302
26 years$5,469$4,119$3,058$2,243$1,629$1,154
27 years$5,210$3,876$2,840$2,053$1,468$1,023
28 years$4,970$3,653$2,640$1,881$1,325$908
29 years$4,747$3,446$2,457$1,725$1,196$806
30 years$4,539$3,254$2,288$1,583$1,081$716
31 years$4,345$3,076$2,133$1,454$977$637
32 years$4,164$2,911$1,990$1,336$884$566
33 years$3,994$2,757$1,858$1,229$800$504
34 years$3,834$2,613$1,736$1,131$724$448
35 years$3,683$2,478$1,623$1,041$656$399
36 years$3,542$2,352$1,519$959$594$355
37 years$3,408$2,234$1,421$883$539$316
38 years$3,282$2,123$1,331$814$488$282
39 years$3,162$2,019$1,247$751$443$251
40 years$3,049$1,921$1,169$692$402$223
41 years$2,941$1,828$1,096$639$365$199
42 years$2,839$1,741$1,028$589$331$177
43 years$2,742$1,659$965$544$300$158
44 years$2,650$1,581$906$502$272$141
45 years$2,561$1,508$850$464$247$126
46 years$2,477$1,439$799$429$225$112
47 years$2,397$1,373$750$396$204$100
48 years$2,321$1,311$705$366$185$89
49 years$2,247$1,252$663$338$168$79
50 years$2,177$1,195$623$313$153$71

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,230,000, adding $5,043 every year, while hoping to spend $57,404 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: 30/45/25 Blend
66$2,230,000$2,230,000$2,230,000$2,230,000
67$2,462,662$2,344,472$2,309,907$2,517,369
68$2,652,776$2,398,274$2,326,211$2,613,875
69$2,860,358$2,452,788$2,341,138$2,712,209
70$3,087,128$2,507,988$2,354,580$2,816,831
71$3,334,982$2,563,847$2,366,426$2,928,325
72$3,606,006$2,620,331$2,376,557$3,047,335
73$3,902,496$2,677,404$2,384,849$3,174,572
74$4,226,982$2,735,028$2,391,172$3,310,819
75$4,582,247$2,793,158$2,395,390$3,456,941
76$4,971,359$2,851,746$2,397,358$3,613,892
77$5,397,695$2,910,738$2,396,927$3,782,725
78$5,864,974$2,970,078$2,393,938$3,964,602
79$6,377,292$3,029,702$2,388,225$4,160,804
80$6,939,160$3,089,542$2,379,614$4,372,745
81$7,555,547$3,149,522$2,367,924$4,601,986
82$8,231,926$3,209,562$2,352,963$4,850,249
83$8,974,326$3,269,574$2,334,531$5,119,434
84$9,789,387$3,329,463$2,312,417$5,411,637
85$10,684,424$3,389,127$2,286,403$5,729,172
86$11,667,495$3,448,454$2,256,258$6,074,591
87$12,747,477$3,507,326$2,221,740$6,450,710
88$13,934,150$3,565,615$2,182,598$6,860,638
89$15,238,285$3,623,182$2,138,567$7,307,801
90$16,671,752$3,679,880$2,089,371$7,795,984
91$18,247,626$3,735,549$2,034,721$8,329,359
92$19,980,314$3,790,020$1,974,313$8,912,530
93$21,885,685$3,843,111$1,907,832$9,550,577
94$23,981,226$3,894,625$1,834,946$10,249,103
95$26,286,204$3,944,354$1,755,309$11,014,290
96$28,821,844$3,992,075$1,668,560$11,852,957
97$31,611,535$4,037,549$1,574,319$12,772,626
98$34,681,045$4,080,523$1,472,192$13,781,593
99$38,058,767$4,120,724$1,361,766$14,889,011
100$41,775,985$4,157,862$1,242,608$16,104,974