Can I retire at age 67 with 2,250,000?

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 $2,250,000?

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$185,803$184,148$182,533$180,957$179,418$177,989
2 years$91,982$90,269$88,608$86,999$85,437$83,997
3 years$60,712$58,991$57,335$55,741$54,205$52,798
4 years$45,080$43,365$41,726$40,158$38,659$37,296
5 years$35,704$33,999$32,381$30,845$29,388$28,073
6 years$29,455$27,762$26,168$24,667$23,254$21,988
7 years$24,993$23,315$21,746$20,280$18,912$17,696
8 years$21,648$19,985$18,442$17,013$15,689$14,524
9 years$19,048$17,401$15,884$14,491$13,212$12,097
10 years$16,969$15,338$13,848$12,491$11,258$10,192
11 years$15,269$13,654$12,192$10,871$9,682$8,665
12 years$13,853$12,255$10,820$9,536$8,390$7,420
13 years$12,657$11,075$9,667$8,418$7,316$6,393
14 years$11,632$10,067$8,686$7,473$6,414$5,535
15 years$10,744$9,197$7,842$6,665$5,647$4,813
16 years$9,968$8,438$7,110$5,967$4,991$4,200
17 years$9,285$7,771$6,470$5,362$4,425$3,676
18 years$8,677$7,181$5,906$4,832$3,935$3,225
19 years$8,135$6,655$5,407$4,366$3,507$2,836
20 years$7,647$6,184$4,962$3,954$3,133$2,499
21 years$7,206$5,760$4,564$3,589$2,803$2,206
22 years$6,806$5,377$4,207$3,263$2,513$1,949
23 years$6,441$5,029$3,884$2,972$2,256$1,725
24 years$6,108$4,712$3,592$2,710$2,027$1,529
25 years$5,801$4,422$3,327$2,475$1,824$1,356
26 years$5,518$4,156$3,086$2,263$1,643$1,203
27 years$5,257$3,911$2,865$2,072$1,482$1,069
28 years$5,015$3,685$2,664$1,898$1,337$950
29 years$4,790$3,477$2,479$1,741$1,207$845
30 years$4,580$3,283$2,309$1,597$1,091$752
31 years$4,384$3,104$2,152$1,467$986$669
32 years$4,201$2,937$2,008$1,348$892$596
33 years$4,029$2,781$1,875$1,240$807$531
34 years$3,868$2,636$1,752$1,141$731$473
35 years$3,716$2,500$1,638$1,050$662$422
36 years$3,574$2,373$1,532$967$600$376
37 years$3,439$2,254$1,434$891$544$336
38 years$3,311$2,142$1,343$821$493$300
39 years$3,190$2,037$1,258$757$447$267
40 years$3,076$1,938$1,179$699$405$239
41 years$2,968$1,845$1,106$644$368$213
42 years$2,865$1,757$1,037$595$334$190
43 years$2,767$1,674$973$549$303$170
44 years$2,673$1,596$914$507$275$152
45 years$2,584$1,522$858$468$250$135
46 years$2,500$1,451$806$432$227$121
47 years$2,419$1,385$757$400$206$108
48 years$2,341$1,322$711$369$187$96
49 years$2,268$1,263$669$341$170$86
50 years$2,197$1,206$629$315$154$77

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,250,000, adding $2,694 every year, while hoping to spend $42,624 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: 64/11/25 Blend
66$2,250,000$2,250,000$2,250,000$2,250,000
67$2,482,279$2,363,029$2,328,154$2,624,689
68$2,690,120$2,433,466$2,360,795$2,791,641
69$2,917,732$2,505,925$2,393,102$2,968,992
70$3,167,087$2,580,462$2,425,017$3,161,820
71$3,440,356$2,657,131$2,456,481$3,371,648
72$3,739,930$2,735,989$2,487,432$3,600,152
73$4,068,444$2,817,093$2,517,802$3,849,180
74$4,428,799$2,900,504$2,547,521$4,120,766
75$4,824,188$2,986,280$2,576,515$4,417,152
76$5,258,133$3,074,485$2,604,706$4,740,806
77$5,734,508$3,165,181$2,632,010$5,094,449
78$6,257,586$3,258,433$2,658,340$5,481,078
79$6,832,070$3,354,306$2,683,604$5,903,994
80$7,463,141$3,452,868$2,707,705$6,366,835
81$8,156,509$3,554,186$2,730,541$6,873,609
82$8,918,463$3,658,331$2,752,004$7,428,731
83$9,755,930$3,765,373$2,771,980$8,037,068
84$10,676,545$3,875,386$2,790,351$8,703,979
85$11,688,716$3,988,443$2,806,991$9,435,374
86$12,801,707$4,104,619$2,821,768$10,237,759
87$14,025,728$4,223,992$2,834,543$11,118,309
88$15,372,023$4,346,639$2,845,172$12,084,926
89$16,852,984$4,472,638$2,853,499$13,146,319
90$18,482,263$4,602,072$2,859,366$14,312,084
91$20,274,902$4,735,022$2,862,603$15,592,798
92$22,247,474$4,871,571$2,863,033$17,000,112
93$24,418,242$5,011,803$2,860,470$18,546,868
94$26,807,327$5,155,805$2,854,720$20,247,217
95$29,436,898$5,303,664$2,845,577$22,116,753
96$32,331,385$5,455,467$2,832,827$24,172,660
97$35,517,706$5,611,304$2,816,246$26,433,875
98$39,025,519$5,771,265$2,795,598$28,921,266
99$42,887,507$5,935,442$2,770,635$31,657,831
100$47,139,682$6,103,928$2,741,100$34,668,910