Can I retire at age 67 with 2,240,000?

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 $2,240,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$184,977$183,329$181,722$180,153$178,621$177,569
2 years$91,573$89,867$88,215$86,612$85,057$83,997
3 years$60,442$58,729$57,081$55,493$53,964$52,927
4 years$44,880$43,172$41,540$39,980$38,488$37,482
5 years$35,545$33,848$32,237$30,708$29,258$28,286
6 years$29,324$27,639$26,052$24,558$23,151$22,215
7 years$24,882$23,211$21,649$20,190$18,828$17,928
8 years$21,552$19,896$18,360$16,937$15,619$14,756
9 years$18,963$17,323$15,814$14,427$13,154$12,327
10 years$16,893$15,270$13,787$12,436$11,208$10,416
11 years$15,201$13,594$12,138$10,823$9,639$8,882
12 years$13,792$12,201$10,772$9,493$8,353$7,631
13 years$12,600$11,026$9,624$8,381$7,284$6,596
14 years$11,580$10,022$8,647$7,440$6,385$5,730
15 years$10,696$9,156$7,807$6,635$5,622$4,998
16 years$9,924$8,400$7,078$5,941$4,969$4,376
17 years$9,243$7,736$6,441$5,338$4,406$3,843
18 years$8,639$7,149$5,880$4,810$3,917$3,384
19 years$8,099$6,625$5,383$4,347$3,491$2,987
20 years$7,613$6,157$4,940$3,937$3,119$2,641
21 years$7,174$5,735$4,544$3,573$2,791$2,340
22 years$6,776$5,353$4,188$3,249$2,502$2,076
23 years$6,413$5,007$3,867$2,959$2,246$1,844
24 years$6,080$4,691$3,576$2,698$2,018$1,640
25 years$5,775$4,402$3,312$2,464$1,816$1,460
26 years$5,494$4,137$3,072$2,253$1,636$1,301
27 years$5,234$3,894$2,853$2,062$1,475$1,160
28 years$4,992$3,669$2,652$1,890$1,331$1,036
29 years$4,768$3,461$2,468$1,733$1,202$925
30 years$4,560$3,269$2,299$1,590$1,086$826
31 years$4,365$3,090$2,143$1,461$982$739
32 years$4,182$2,924$1,999$1,342$888$661
33 years$4,012$2,769$1,867$1,234$804$591
34 years$3,851$2,624$1,744$1,136$728$529
35 years$3,700$2,489$1,631$1,045$659$474
36 years$3,558$2,363$1,526$963$597$424
37 years$3,423$2,244$1,428$887$541$380
38 years$3,296$2,132$1,337$818$491$340
39 years$3,176$2,028$1,253$754$445$305
40 years$3,062$1,929$1,174$695$404$273
41 years$2,954$1,836$1,101$642$366$245
42 years$2,852$1,749$1,033$592$332$220
43 years$2,754$1,666$969$547$302$197
44 years$2,661$1,588$910$505$274$177
45 years$2,573$1,515$854$466$248$158
46 years$2,489$1,445$802$431$226$142
47 years$2,408$1,379$754$398$205$127
48 years$2,331$1,316$708$368$186$114
49 years$2,257$1,257$666$340$169$103
50 years$2,187$1,201$626$314$153$92

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,240,000, adding $4,905 every year, while hoping to spend $21,820 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: 38/44/18 Blend
66$2,240,000$2,240,000$2,240,000$2,240,000
67$2,473,540$2,354,820$2,320,100$2,553,982
68$2,702,624$2,446,989$2,374,607$2,704,472
69$2,954,344$2,542,944$2,430,208$2,864,563
70$3,230,985$2,642,846$2,486,918$3,037,120
71$3,535,066$2,746,866$2,544,750$3,223,278
72$3,869,360$2,855,180$2,603,716$3,424,283
73$4,236,924$2,967,973$2,663,830$3,641,503
74$4,641,126$3,085,439$2,725,104$3,876,439
75$5,085,675$3,207,780$2,787,549$4,130,742
76$5,574,660$3,335,207$2,851,178$4,406,221
77$6,112,584$3,467,941$2,916,001$4,704,868
78$6,704,409$3,606,212$2,982,029$5,028,869
79$7,355,603$3,750,261$3,049,272$5,380,625
80$8,072,191$3,900,339$3,117,738$5,762,779
81$8,860,809$4,056,711$3,187,438$6,178,232
82$9,728,772$4,219,650$3,258,377$6,630,176
83$10,684,138$4,389,445$3,330,564$7,122,120
84$11,735,787$4,566,394$3,404,005$7,657,921
85$12,893,504$4,750,814$3,478,705$8,241,822
86$14,168,068$4,943,030$3,554,669$8,878,492
87$15,571,359$5,143,387$3,631,899$9,573,063
88$17,116,468$5,352,244$3,710,398$10,331,184
89$18,817,819$5,569,974$3,790,167$11,159,066
90$20,691,304$5,796,971$3,871,205$12,063,548
91$22,754,438$6,033,644$3,953,512$13,052,153
92$25,026,520$6,280,421$4,037,083$14,133,158
93$27,528,814$6,537,751$4,121,914$15,315,675
94$30,284,754$6,806,102$4,208,000$16,609,732
95$33,320,162$7,085,964$4,295,331$18,026,368
96$36,663,492$7,377,850$4,383,898$19,577,732
97$40,346,100$7,682,295$4,473,689$21,277,200
98$44,402,535$7,999,861$4,564,691$23,139,497
99$48,870,872$8,331,133$4,656,887$25,180,834
100$53,793,068$8,676,725$4,750,259$27,419,061