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

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 $2,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$188,280$186,603$184,967$183,370$181,810$176,699
2 years$93,208$91,472$89,790$88,159$86,576$81,466
3 years$61,521$59,778$58,100$56,484$54,928$49,978
4 years$45,681$43,943$42,282$40,694$39,175$34,424
5 years$36,180$34,452$32,812$31,257$29,780$25,241
6 years$29,847$28,133$26,517$24,996$23,564$19,241
7 years$25,326$23,626$22,036$20,551$19,164$15,057
8 years$21,936$20,252$18,688$17,239$15,898$12,005
9 years$19,302$17,633$16,096$14,684$13,389$9,705
10 years$17,195$15,542$14,033$12,658$11,408$7,930
11 years$15,472$13,836$12,354$11,016$9,811$6,532
12 years$14,038$12,419$10,964$9,663$8,502$5,417
13 years$12,825$11,223$9,796$8,531$7,414$4,515
14 years$11,787$10,201$8,802$7,573$6,499$3,780
15 years$10,887$9,319$7,947$6,753$5,722$3,175
16 years$10,101$8,550$7,205$6,047$5,057$2,675
17 years$9,408$7,874$6,556$5,433$4,484$2,259
18 years$8,793$7,276$5,985$4,896$3,987$1,912
19 years$8,243$6,744$5,479$4,424$3,554$1,620
20 years$7,749$6,266$5,028$4,007$3,174$1,375
21 years$7,302$5,837$4,625$3,637$2,841$1,169
22 years$6,897$5,449$4,263$3,307$2,546$994
23 years$6,527$5,096$3,936$3,011$2,286$846
24 years$6,189$4,775$3,640$2,747$2,054$721
25 years$5,878$4,481$3,371$2,508$1,849$615
26 years$5,592$4,211$3,127$2,293$1,665$524
27 years$5,327$3,963$2,903$2,099$1,501$447
28 years$5,082$3,734$2,699$1,923$1,355$382
29 years$4,854$3,523$2,512$1,764$1,223$326
30 years$4,641$3,327$2,340$1,619$1,105$278
31 years$4,443$3,145$2,181$1,487$999$238
32 years$4,257$2,976$2,035$1,366$904$203
33 years$4,083$2,818$1,900$1,256$818$174
34 years$3,920$2,671$1,775$1,156$741$148
35 years$3,766$2,534$1,660$1,064$671$127
36 years$3,621$2,405$1,553$980$608$108
37 years$3,484$2,284$1,453$903$551$93
38 years$3,355$2,171$1,361$832$499$79
39 years$3,233$2,064$1,275$767$453$68
40 years$3,117$1,964$1,195$708$411$58
41 years$3,007$1,869$1,121$653$373$50
42 years$2,903$1,780$1,051$603$338$42
43 years$2,803$1,696$986$556$307$36
44 years$2,709$1,617$926$514$279$31
45 years$2,619$1,542$869$474$253$27
46 years$2,533$1,471$817$438$230$23
47 years$2,451$1,404$767$405$209$19
48 years$2,373$1,340$721$374$189$17
49 years$2,298$1,280$678$346$172$14
50 years$2,226$1,222$637$320$156$12

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 $2,738 every year, while hoping to spend $54,798 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: 50/30/20 Blend
66$2,280,000$2,280,000$2,280,000$2,280,000
67$2,515,384$2,394,544$2,359,204$2,626,983
68$2,713,649$2,453,572$2,379,933$2,763,513
69$2,930,300$2,513,656$2,399,519$2,905,978
70$3,167,155$2,574,790$2,417,868$3,059,653
71$3,426,215$2,636,964$2,434,876$3,225,619
72$3,709,683$2,700,170$2,450,439$3,405,063
73$4,019,986$2,764,394$2,464,444$3,599,297
74$4,359,795$2,829,620$2,476,774$3,809,762
75$4,732,053$2,895,830$2,487,304$4,038,049
76$5,139,999$2,963,002$2,495,905$4,285,910
77$5,587,201$3,031,112$2,502,441$4,555,274
78$6,077,591$3,100,131$2,506,768$4,848,269
79$6,615,495$3,170,028$2,508,735$5,167,239
80$7,205,683$3,240,766$2,508,184$5,514,767
81$7,853,405$3,312,306$2,504,951$5,893,700
82$8,564,446$3,384,603$2,498,861$6,307,175
83$9,345,178$3,457,607$2,489,731$6,758,651
84$10,202,620$3,531,264$2,477,371$7,251,939
85$11,144,505$3,605,513$2,461,581$7,791,238
86$12,179,350$3,680,289$2,442,149$8,381,178
87$13,316,540$3,755,520$2,418,858$9,026,863
88$14,566,413$3,831,125$2,391,475$9,733,916
89$15,940,357$3,907,021$2,359,759$10,508,535
90$17,450,921$3,983,113$2,323,459$11,357,554
91$19,111,929$4,059,299$2,282,309$12,288,502
92$20,938,612$4,135,471$2,236,032$13,309,682
93$22,947,751$4,211,509$2,184,339$14,430,241
94$25,157,833$4,287,285$2,126,927$15,660,265
95$27,589,231$4,362,660$2,063,477$17,010,868
96$30,264,388$4,437,486$1,993,659$18,494,303
97$33,208,034$4,511,602$1,917,125$20,124,074
98$36,447,417$4,584,834$1,833,513$21,915,065
99$40,012,561$4,656,998$1,742,443$23,883,682
100$43,936,546$4,727,895$1,643,519$26,048,009