Can I retire at age 67 with 2,280,000?

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 $2,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$188,280$186,603$184,967$183,370$181,810$178,725
2 years$93,208$91,472$89,790$88,159$86,576$83,477
3 years$61,521$59,778$58,100$56,484$54,928$51,911
4 years$45,681$43,943$42,282$40,694$39,175$36,265
5 years$36,180$34,452$32,812$31,257$29,780$26,985
6 years$29,847$28,133$26,517$24,996$23,564$20,886
7 years$25,326$23,626$22,036$20,551$19,164$16,604
8 years$21,936$20,252$18,688$17,239$15,898$13,457
9 years$19,302$17,633$16,096$14,684$13,389$11,064
10 years$17,195$15,542$14,033$12,658$11,408$9,198
11 years$15,472$13,836$12,354$11,016$9,811$7,713
12 years$14,038$12,419$10,964$9,663$8,502$6,514
13 years$12,825$11,223$9,796$8,531$7,414$5,532
14 years$11,787$10,201$8,802$7,573$6,499$4,720
15 years$10,887$9,319$7,947$6,753$5,722$4,043
16 years$10,101$8,550$7,205$6,047$5,057$3,475
17 years$9,408$7,874$6,556$5,433$4,484$2,994
18 years$8,793$7,276$5,985$4,896$3,987$2,586
19 years$8,243$6,744$5,479$4,424$3,554$2,238
20 years$7,749$6,266$5,028$4,007$3,174$1,940
21 years$7,302$5,837$4,625$3,637$2,841$1,685
22 years$6,897$5,449$4,263$3,307$2,546$1,464
23 years$6,527$5,096$3,936$3,011$2,286$1,274
24 years$6,189$4,775$3,640$2,747$2,054$1,110
25 years$5,878$4,481$3,371$2,508$1,849$967
26 years$5,592$4,211$3,127$2,293$1,665$844
27 years$5,327$3,963$2,903$2,099$1,501$737
28 years$5,082$3,734$2,699$1,923$1,355$643
29 years$4,854$3,523$2,512$1,764$1,223$562
30 years$4,641$3,327$2,340$1,619$1,105$491
31 years$4,443$3,145$2,181$1,487$999$429
32 years$4,257$2,976$2,035$1,366$904$376
33 years$4,083$2,818$1,900$1,256$818$329
34 years$3,920$2,671$1,775$1,156$741$287
35 years$3,766$2,534$1,660$1,064$671$252
36 years$3,621$2,405$1,553$980$608$220
37 years$3,484$2,284$1,453$903$551$193
38 years$3,355$2,171$1,361$832$499$169
39 years$3,233$2,064$1,275$767$453$148
40 years$3,117$1,964$1,195$708$411$129
41 years$3,007$1,869$1,121$653$373$113
42 years$2,903$1,780$1,051$603$338$99
43 years$2,803$1,696$986$556$307$87
44 years$2,709$1,617$926$514$279$76
45 years$2,619$1,542$869$474$253$67
46 years$2,533$1,471$817$438$230$59
47 years$2,451$1,404$767$405$209$51
48 years$2,373$1,340$721$374$189$45
49 years$2,298$1,280$678$346$172$39
50 years$2,226$1,222$637$320$156$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,280,000, adding $5,502 every year, while hoping to spend $41,892 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: 60/13/27 Blend
66$2,280,000$2,280,000$2,280,000$2,280,000
67$2,518,235$2,397,395$2,362,055$2,650,675
68$2,730,523$2,470,295$2,396,611$2,814,473
69$2,963,059$2,545,363$2,430,921$2,988,145
70$3,217,866$2,622,660$2,464,932$3,176,766
71$3,497,169$2,702,252$2,498,588$3,381,801
72$3,803,421$2,784,202$2,531,831$3,604,864
73$4,139,320$2,868,579$2,564,598$3,847,733
74$4,507,842$2,955,450$2,596,823$4,112,364
75$4,912,262$3,044,887$2,628,436$4,400,914
76$5,356,188$3,136,962$2,659,364$4,715,758
77$5,843,595$3,231,749$2,689,529$5,059,513
78$6,378,861$3,329,324$2,718,848$5,435,061
79$6,966,810$3,429,766$2,747,235$5,845,578
80$7,612,755$3,533,155$2,774,597$6,294,563
81$8,322,550$3,639,573$2,800,840$6,785,870
82$9,102,642$3,749,104$2,825,860$7,323,746
83$9,960,136$3,861,835$2,849,551$7,912,871
84$10,902,859$3,977,854$2,871,800$8,558,400
85$11,939,433$4,097,251$2,892,487$9,266,015
86$13,079,359$4,220,121$2,911,490$10,041,975
87$14,333,104$4,346,557$2,928,675$10,893,176
88$15,712,200$4,476,657$2,943,905$11,827,220
89$17,229,352$4,610,522$2,957,034$12,852,480
90$18,898,562$4,748,253$2,967,910$13,978,185
91$20,735,253$4,889,955$2,976,372$15,214,503
92$22,756,421$5,035,735$2,982,253$16,572,640
93$24,980,792$5,185,702$2,985,375$18,064,943
94$27,429,001$5,339,970$2,985,553$19,705,020
95$30,123,782$5,498,652$2,982,593$21,507,863
96$33,090,188$5,661,865$2,976,289$23,489,997
97$36,355,821$5,829,730$2,966,429$25,669,630
98$39,951,097$6,002,369$2,952,786$28,066,827
99$43,909,531$6,179,908$2,935,127$30,703,700
100$48,268,053$6,362,473$2,913,204$33,604,615