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%14.2%
1 years$186,629$184,966$183,344$181,761$180,216$177,084
2 years$92,390$90,670$89,002$87,385$85,817$82,672
3 years$60,982$59,254$57,590$55,989$54,446$51,386
4 years$45,281$43,558$41,911$40,337$38,831$35,880
5 years$35,862$34,150$32,525$30,982$29,519$26,684
6 years$29,585$27,886$26,285$24,777$23,357$20,642
7 years$25,104$23,419$21,843$20,370$18,996$16,401
8 years$21,744$20,074$18,524$17,088$15,759$13,285
9 years$19,132$17,478$15,955$14,555$13,271$10,916
10 years$17,044$15,406$13,910$12,547$11,308$9,069
11 years$15,337$13,715$12,246$10,920$9,725$7,600
12 years$13,915$12,310$10,868$9,578$8,427$6,414
13 years$12,713$11,125$9,710$8,456$7,349$5,444
14 years$11,683$10,112$8,724$7,506$6,442$4,642
15 years$10,792$9,237$7,877$6,694$5,672$3,974
16 years$10,013$8,475$7,142$5,994$5,013$3,413
17 years$9,326$7,805$6,499$5,385$4,445$2,939
18 years$8,716$7,212$5,932$4,853$3,952$2,536
19 years$8,171$6,684$5,431$4,385$3,523$2,193
20 years$7,681$6,211$4,984$3,972$3,146$1,900
21 years$7,238$5,786$4,584$3,605$2,816$1,648
22 years$6,836$5,401$4,225$3,278$2,524$1,432
23 years$6,470$5,051$3,901$2,985$2,266$1,245
24 years$6,135$4,733$3,608$2,722$2,036$1,083
25 years$5,827$4,441$3,342$2,486$1,832$944
26 years$5,543$4,174$3,099$2,273$1,651$822
27 years$5,280$3,928$2,878$2,081$1,488$717
28 years$5,037$3,702$2,675$1,906$1,343$626
29 years$4,811$3,492$2,490$1,748$1,213$546
30 years$4,600$3,298$2,319$1,604$1,096$477
31 years$4,404$3,118$2,162$1,474$991$417
32 years$4,220$2,950$2,017$1,354$896$364
33 years$4,047$2,794$1,883$1,245$811$318
34 years$3,885$2,648$1,760$1,146$734$278
35 years$3,733$2,511$1,645$1,055$665$243
36 years$3,589$2,384$1,539$971$602$213
37 years$3,454$2,264$1,441$895$546$186
38 years$3,326$2,152$1,349$825$495$163
39 years$3,205$2,046$1,264$761$449$143
40 years$3,090$1,946$1,185$702$407$125
41 years$2,981$1,853$1,111$647$369$109
42 years$2,877$1,765$1,042$597$335$96
43 years$2,779$1,681$978$551$304$84
44 years$2,685$1,603$918$509$276$73
45 years$2,596$1,528$862$470$251$64
46 years$2,511$1,458$809$434$228$56
47 years$2,430$1,391$760$401$207$49
48 years$2,352$1,328$715$371$188$43
49 years$2,278$1,268$672$343$170$38
50 years$2,207$1,212$631$317$155$33

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 $4,880 every year, while hoping to spend $45,421 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: 62/19/19 Blend
66$2,260,000$2,260,000$2,260,000$2,260,000
67$2,495,554$2,375,774$2,340,744$2,637,820
68$2,701,773$2,443,859$2,370,831$2,802,407
69$2,927,504$2,513,758$2,400,404$2,976,494
70$3,174,689$2,585,512$2,429,397$3,165,499
71$3,445,467$2,659,162$2,457,742$3,370,879
72$3,742,194$2,734,751$2,485,366$3,594,236
73$4,067,464$2,812,319$2,512,192$3,837,337
74$4,424,133$2,891,911$2,538,138$4,102,127
75$4,815,349$2,973,570$2,563,121$4,390,747
76$5,244,578$3,057,338$2,587,048$4,705,557
77$5,715,637$3,143,259$2,609,826$5,049,155
78$6,232,732$3,231,379$2,631,355$5,424,405
79$6,800,495$3,321,740$2,651,530$5,834,458
80$7,424,028$3,414,388$2,670,238$6,282,789
81$8,108,952$3,509,367$2,687,365$6,773,225
82$8,861,461$3,606,721$2,702,788$7,309,981
83$9,688,376$3,706,496$2,716,377$7,897,702
84$10,597,211$3,808,736$2,727,997$8,541,505
85$11,596,248$3,913,485$2,737,506$9,247,029
86$12,694,607$4,020,788$2,744,754$10,020,485
87$13,902,339$4,130,688$2,749,585$10,868,718
88$15,230,514$4,243,229$2,751,833$11,799,270
89$16,691,333$4,358,454$2,751,326$12,820,449
90$18,298,236$4,476,405$2,747,882$13,941,412
91$20,066,031$4,597,123$2,741,311$15,172,248
92$22,011,035$4,720,651$2,731,413$16,524,074
93$24,151,224$4,847,026$2,717,979$18,009,140
94$26,506,407$4,976,289$2,700,790$19,640,944
95$29,098,409$5,108,475$2,679,615$21,434,360
96$31,951,278$5,243,622$2,654,213$23,405,781
97$35,091,512$5,381,763$2,624,333$25,573,266
98$38,548,308$5,522,931$2,589,710$27,956,720
99$42,353,837$5,667,157$2,550,067$30,578,075
100$46,543,548$5,814,467$2,505,114$33,461,501