Can I retire at age 67 with 2,260,000?

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 $2,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$186,629$184,966$183,344$181,761$180,216$175,008
2 years$92,390$90,670$89,002$87,385$85,817$80,612
3 years$60,982$59,254$57,590$55,989$54,446$49,406
4 years$45,281$43,558$41,911$40,337$38,831$33,996
5 years$35,862$34,150$32,525$30,982$29,519$24,901
6 years$29,585$27,886$26,285$24,777$23,357$18,961
7 years$25,104$23,419$21,843$20,370$18,996$14,821
8 years$21,744$20,074$18,524$17,088$15,759$11,803
9 years$19,132$17,478$15,955$14,555$13,271$9,530
10 years$17,044$15,406$13,910$12,547$11,308$7,777
11 years$15,337$13,715$12,246$10,920$9,725$6,398
12 years$13,915$12,310$10,868$9,578$8,427$5,299
13 years$12,713$11,125$9,710$8,456$7,349$4,411
14 years$11,683$10,112$8,724$7,506$6,442$3,687
15 years$10,792$9,237$7,877$6,694$5,672$3,093
16 years$10,013$8,475$7,142$5,994$5,013$2,602
17 years$9,326$7,805$6,499$5,385$4,445$2,194
18 years$8,716$7,212$5,932$4,853$3,952$1,854
19 years$8,171$6,684$5,431$4,385$3,523$1,569
20 years$7,681$6,211$4,984$3,972$3,146$1,330
21 years$7,238$5,786$4,584$3,605$2,816$1,128
22 years$6,836$5,401$4,225$3,278$2,524$958
23 years$6,470$5,051$3,901$2,985$2,266$815
24 years$6,135$4,733$3,608$2,722$2,036$693
25 years$5,827$4,441$3,342$2,486$1,832$590
26 years$5,543$4,174$3,099$2,273$1,651$502
27 years$5,280$3,928$2,878$2,081$1,488$428
28 years$5,037$3,702$2,675$1,906$1,343$365
29 years$4,811$3,492$2,490$1,748$1,213$311
30 years$4,600$3,298$2,319$1,604$1,096$265
31 years$4,404$3,118$2,162$1,474$991$226
32 years$4,220$2,950$2,017$1,354$896$193
33 years$4,047$2,794$1,883$1,245$811$164
34 years$3,885$2,648$1,760$1,146$734$140
35 years$3,733$2,511$1,645$1,055$665$120
36 years$3,589$2,384$1,539$971$602$102
37 years$3,454$2,264$1,441$895$546$87
38 years$3,326$2,152$1,349$825$495$74
39 years$3,205$2,046$1,264$761$449$64
40 years$3,090$1,946$1,185$702$407$54
41 years$2,981$1,853$1,111$647$369$46
42 years$2,877$1,765$1,042$597$335$40
43 years$2,779$1,681$978$551$304$34
44 years$2,685$1,603$918$509$276$29
45 years$2,596$1,528$862$470$251$25
46 years$2,511$1,458$809$434$228$21
47 years$2,430$1,391$760$401$207$18
48 years$2,352$1,328$715$371$188$15
49 years$2,278$1,268$672$343$170$13
50 years$2,207$1,212$631$317$155$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,260,000, adding $3,106 every year, while hoping to spend $24,864 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: 42/39/19 Blend
66$2,260,000$2,260,000$2,260,000$2,260,000
67$2,493,724$2,373,944$2,338,914$2,584,461
68$2,721,629$2,463,812$2,390,812$2,738,928
69$2,971,946$2,557,250$2,443,616$2,903,437
70$3,246,937$2,654,408$2,497,329$3,081,068
71$3,549,090$2,755,439$2,551,955$3,273,036
72$3,881,147$2,860,506$2,607,496$3,480,679
73$4,246,132$2,969,778$2,663,955$3,705,464
74$4,647,371$3,083,432$2,721,331$3,949,003
75$5,088,534$3,201,650$2,779,626$4,213,071
76$5,573,659$3,324,626$2,838,839$4,499,615
77$6,107,200$3,452,560$2,898,967$4,810,778
78$6,694,059$3,585,660$2,960,008$5,148,914
79$7,339,642$3,724,147$3,021,957$5,516,614
80$8,049,903$3,868,247$3,084,810$5,916,726
81$8,831,401$4,018,199$3,148,559$6,352,382
82$9,691,364$4,174,251$3,213,196$6,827,028
83$10,637,757$4,336,664$3,278,712$7,344,454
84$11,679,356$4,505,708$3,345,096$7,908,831
85$12,825,829$4,681,666$3,412,336$8,524,748
86$14,087,830$4,864,834$3,480,415$9,197,254
87$15,477,099$5,055,521$3,549,320$9,931,905
88$17,006,571$5,254,050$3,619,030$10,734,817
89$18,690,500$5,460,757$3,689,526$11,612,721
90$20,544,591$5,675,994$3,760,785$12,573,026
91$22,586,151$5,900,129$3,832,783$13,623,888
92$24,834,249$6,133,546$3,905,492$14,774,285
93$27,309,899$6,376,646$3,978,882$16,034,101
94$30,036,255$6,629,849$4,052,922$17,414,218
95$33,038,834$6,893,593$4,127,576$18,926,618
96$36,345,751$7,168,334$4,202,805$20,584,495
97$39,987,987$7,454,552$4,278,568$22,402,375
98$43,999,682$7,752,746$4,354,821$24,396,256
99$48,418,458$8,063,438$4,431,516$26,583,754
100$53,285,769$8,387,175$4,508,600$28,984,270