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

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 $2,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$186,629$184,966$183,344$181,761$180,216$173,202
2 years$92,390$90,670$89,002$87,385$85,817$78,836
3 years$60,982$59,254$57,590$55,989$54,446$47,717
4 years$45,281$43,558$41,911$40,337$38,831$32,405
5 years$35,862$34,150$32,525$30,982$29,519$23,413
6 years$29,585$27,886$26,285$24,777$23,357$17,575
7 years$25,104$23,419$21,843$20,370$18,996$13,535
8 years$21,744$20,074$18,524$17,088$15,759$10,614
9 years$19,132$17,478$15,955$14,555$13,271$8,436
10 years$17,044$15,406$13,910$12,547$11,308$6,772
11 years$15,337$13,715$12,246$10,920$9,725$5,478
12 years$13,915$12,310$10,868$9,578$8,427$4,459
13 years$12,713$11,125$9,710$8,456$7,349$3,647
14 years$11,683$10,112$8,724$7,506$6,442$2,994
15 years$10,792$9,237$7,877$6,694$5,672$2,466
16 years$10,013$8,475$7,142$5,994$5,013$2,036
17 years$9,326$7,805$6,499$5,385$4,445$1,684
18 years$8,716$7,212$5,932$4,853$3,952$1,396
19 years$8,171$6,684$5,431$4,385$3,523$1,158
20 years$7,681$6,211$4,984$3,972$3,146$962
21 years$7,238$5,786$4,584$3,605$2,816$800
22 years$6,836$5,401$4,225$3,278$2,524$666
23 years$6,470$5,051$3,901$2,985$2,266$554
24 years$6,135$4,733$3,608$2,722$2,036$462
25 years$5,827$4,441$3,342$2,486$1,832$385
26 years$5,543$4,174$3,099$2,273$1,651$321
27 years$5,280$3,928$2,878$2,081$1,488$268
28 years$5,037$3,702$2,675$1,906$1,343$223
29 years$4,811$3,492$2,490$1,748$1,213$186
30 years$4,600$3,298$2,319$1,604$1,096$156
31 years$4,404$3,118$2,162$1,474$991$130
32 years$4,220$2,950$2,017$1,354$896$108
33 years$4,047$2,794$1,883$1,245$811$91
34 years$3,885$2,648$1,760$1,146$734$76
35 years$3,733$2,511$1,645$1,055$665$63
36 years$3,589$2,384$1,539$971$602$53
37 years$3,454$2,264$1,441$895$546$44
38 years$3,326$2,152$1,349$825$495$37
39 years$3,205$2,046$1,264$761$449$31
40 years$3,090$1,946$1,185$702$407$26
41 years$2,981$1,853$1,111$647$369$21
42 years$2,877$1,765$1,042$597$335$18
43 years$2,779$1,681$978$551$304$15
44 years$2,685$1,603$918$509$276$13
45 years$2,596$1,528$862$470$251$10
46 years$2,511$1,458$809$434$228$9
47 years$2,430$1,391$760$401$207$7
48 years$2,352$1,328$715$371$188$6
49 years$2,278$1,268$672$343$170$5
50 years$2,207$1,212$631$317$155$4

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 $2,451 every year, while hoping to spend $56,573 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: 66/15/19 Blend
66$2,260,000$2,260,000$2,260,000$2,260,000
67$2,493,048$2,373,268$2,338,238$2,645,621
68$2,687,146$2,429,365$2,356,376$2,804,263
69$2,899,145$2,486,315$2,373,225$2,970,878
70$3,130,813$2,544,099$2,388,683$3,151,661
71$3,384,094$2,602,697$2,402,641$3,348,001
72$3,661,128$2,662,086$2,414,986$3,561,431
73$3,964,273$2,722,238$2,425,598$3,793,637
74$4,296,124$2,783,124$2,434,352$4,046,478
75$4,659,541$2,844,709$2,441,115$4,322,002
76$5,057,670$2,906,955$2,445,748$4,622,465
77$5,493,978$2,969,822$2,448,107$4,950,353
78$5,972,284$3,033,263$2,448,038$5,308,406
79$6,496,791$3,097,227$2,445,381$5,699,643
80$7,072,130$3,161,658$2,439,968$6,127,390
81$7,703,404$3,226,495$2,431,623$6,595,314
82$8,396,229$3,291,672$2,420,161$7,107,455
83$9,156,796$3,357,115$2,405,387$7,668,264
84$9,991,921$3,422,746$2,387,100$8,282,648
85$10,909,115$3,488,478$2,365,086$8,956,013
86$11,916,650$3,554,219$2,339,121$9,694,320
87$13,023,640$3,619,867$2,308,974$10,504,134
88$14,240,124$3,685,314$2,274,398$11,392,694
89$15,577,165$3,750,443$2,235,138$12,367,974
90$17,046,947$3,815,126$2,190,926$13,438,767
91$18,662,896$3,879,227$2,141,482$14,614,760
92$20,439,802$3,942,599$2,086,513$15,906,630
93$22,393,960$4,005,086$2,025,710$17,326,145
94$24,543,326$4,066,517$1,958,753$18,886,274
95$26,907,681$4,126,712$1,885,307$20,601,310
96$29,508,819$4,185,475$1,805,019$22,487,006
97$32,370,755$4,242,600$1,717,524$24,560,722
98$35,519,947$4,297,863$1,622,436$26,841,594
99$38,985,550$4,351,026$1,519,355$29,350,710
100$42,799,684$4,401,834$1,407,862$32,111,309