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%11.8%
1 years$186,629$184,966$183,344$181,761$180,216$178,855
2 years$92,390$90,670$89,002$87,385$85,817$84,445
3 years$60,982$59,254$57,590$55,989$54,446$53,105
4 years$45,281$43,558$41,911$40,337$38,831$37,532
5 years$35,862$34,150$32,525$30,982$29,519$28,266
6 years$29,585$27,886$26,285$24,777$23,357$22,151
7 years$25,104$23,419$21,843$20,370$18,996$17,837
8 years$21,744$20,074$18,524$17,088$15,759$14,648
9 years$19,132$17,478$15,955$14,555$13,271$12,208
10 years$17,044$15,406$13,910$12,547$11,308$10,291
11 years$15,337$13,715$12,246$10,920$9,725$8,754
12 years$13,915$12,310$10,868$9,578$8,427$7,502
13 years$12,713$11,125$9,710$8,456$7,349$6,467
14 years$11,683$10,112$8,724$7,506$6,442$5,604
15 years$10,792$9,237$7,877$6,694$5,672$4,875
16 years$10,013$8,475$7,142$5,994$5,013$4,257
17 years$9,326$7,805$6,499$5,385$4,445$3,728
18 years$8,716$7,212$5,932$4,853$3,952$3,274
19 years$8,171$6,684$5,431$4,385$3,523$2,881
20 years$7,681$6,211$4,984$3,972$3,146$2,540
21 years$7,238$5,786$4,584$3,605$2,816$2,244
22 years$6,836$5,401$4,225$3,278$2,524$1,985
23 years$6,470$5,051$3,901$2,985$2,266$1,758
24 years$6,135$4,733$3,608$2,722$2,036$1,559
25 years$5,827$4,441$3,342$2,486$1,832$1,383
26 years$5,543$4,174$3,099$2,273$1,651$1,229
27 years$5,280$3,928$2,878$2,081$1,488$1,092
28 years$5,037$3,702$2,675$1,906$1,343$972
29 years$4,811$3,492$2,490$1,748$1,213$865
30 years$4,600$3,298$2,319$1,604$1,096$770
31 years$4,404$3,118$2,162$1,474$991$686
32 years$4,220$2,950$2,017$1,354$896$612
33 years$4,047$2,794$1,883$1,245$811$546
34 years$3,885$2,648$1,760$1,146$734$487
35 years$3,733$2,511$1,645$1,055$665$434
36 years$3,589$2,384$1,539$971$602$388
37 years$3,454$2,264$1,441$895$546$346
38 years$3,326$2,152$1,349$825$495$309
39 years$3,205$2,046$1,264$761$449$276
40 years$3,090$1,946$1,185$702$407$246
41 years$2,981$1,853$1,111$647$369$220
42 years$2,877$1,765$1,042$597$335$197
43 years$2,779$1,681$978$551$304$176
44 years$2,685$1,603$918$509$276$157
45 years$2,596$1,528$862$470$251$140
46 years$2,511$1,458$809$434$228$125
47 years$2,430$1,391$760$401$207$112
48 years$2,352$1,328$715$371$188$100
49 years$2,278$1,268$672$343$170$90
50 years$2,207$1,212$631$317$155$80

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 $6,014 every year, while hoping to spend $30,746 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: 39/48/13 Blend
66$2,260,000$2,260,000$2,260,000$2,260,000
67$2,496,723$2,376,943$2,341,913$2,584,108
68$2,718,676$2,460,700$2,387,654$2,730,451
69$2,962,237$2,547,530$2,433,896$2,885,132
70$3,229,578$2,637,553$2,480,625$3,051,708
71$3,523,092$2,730,889$2,527,823$3,231,266
72$3,845,413$2,827,669$2,575,470$3,425,002
73$4,199,444$2,928,023$2,623,548$3,634,227
74$4,588,383$3,032,092$2,672,033$3,860,381
75$5,015,752$3,140,020$2,720,900$4,105,049
76$5,485,433$3,251,955$2,770,125$4,369,970
77$6,001,701$3,368,054$2,819,677$4,657,057
78$6,569,266$3,488,480$2,869,528$4,968,412
79$7,193,317$3,613,402$2,919,643$5,306,346
80$7,879,572$3,742,995$2,969,988$5,673,399
81$8,634,330$3,877,443$3,020,524$6,072,368
82$9,464,532$4,016,938$3,071,211$6,506,324
83$10,377,822$4,161,676$3,122,005$6,978,649
84$11,382,628$4,311,866$3,172,860$7,493,062
85$12,488,231$4,467,723$3,223,726$8,053,653
86$13,704,860$4,629,471$3,274,550$8,664,926
87$15,043,784$4,797,343$3,325,276$9,331,833
88$16,517,421$4,971,584$3,375,844$10,059,826
89$18,139,453$5,152,446$3,426,189$10,854,905
90$19,924,956$5,340,194$3,476,245$11,723,672
91$21,890,541$5,535,103$3,525,939$12,673,396
92$24,054,512$5,737,460$3,575,194$13,712,078
93$26,437,040$5,947,563$3,623,931$14,848,527
94$29,060,348$6,165,723$3,672,062$16,092,438
95$31,948,925$6,392,265$3,719,498$17,454,489
96$35,129,757$6,627,528$3,766,142$18,946,434
97$38,632,577$6,871,862$3,811,894$20,581,216
98$42,490,152$7,125,635$3,856,644$22,373,089
99$46,738,587$7,389,231$3,900,282$24,337,747
100$51,417,668$7,663,048$3,942,685$26,492,473