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%11.8%
1 years$188,280$186,603$184,967$183,370$181,810$180,438
2 years$93,208$91,472$89,790$88,159$86,576$85,193
3 years$61,521$59,778$58,100$56,484$54,928$53,575
4 years$45,681$43,943$42,282$40,694$39,175$37,865
5 years$36,180$34,452$32,812$31,257$29,780$28,516
6 years$29,847$28,133$26,517$24,996$23,564$22,347
7 years$25,326$23,626$22,036$20,551$19,164$17,995
8 years$21,936$20,252$18,688$17,239$15,898$14,778
9 years$19,302$17,633$16,096$14,684$13,389$12,316
10 years$17,195$15,542$14,033$12,658$11,408$10,382
11 years$15,472$13,836$12,354$11,016$9,811$8,832
12 years$14,038$12,419$10,964$9,663$8,502$7,568
13 years$12,825$11,223$9,796$8,531$7,414$6,525
14 years$11,787$10,201$8,802$7,573$6,499$5,653
15 years$10,887$9,319$7,947$6,753$5,722$4,919
16 years$10,101$8,550$7,205$6,047$5,057$4,295
17 years$9,408$7,874$6,556$5,433$4,484$3,761
18 years$8,793$7,276$5,985$4,896$3,987$3,303
19 years$8,243$6,744$5,479$4,424$3,554$2,907
20 years$7,749$6,266$5,028$4,007$3,174$2,563
21 years$7,302$5,837$4,625$3,637$2,841$2,264
22 years$6,897$5,449$4,263$3,307$2,546$2,002
23 years$6,527$5,096$3,936$3,011$2,286$1,773
24 years$6,189$4,775$3,640$2,747$2,054$1,572
25 years$5,878$4,481$3,371$2,508$1,849$1,396
26 years$5,592$4,211$3,127$2,293$1,665$1,240
27 years$5,327$3,963$2,903$2,099$1,501$1,102
28 years$5,082$3,734$2,699$1,923$1,355$980
29 years$4,854$3,523$2,512$1,764$1,223$873
30 years$4,641$3,327$2,340$1,619$1,105$777
31 years$4,443$3,145$2,181$1,487$999$692
32 years$4,257$2,976$2,035$1,366$904$617
33 years$4,083$2,818$1,900$1,256$818$550
34 years$3,920$2,671$1,775$1,156$741$491
35 years$3,766$2,534$1,660$1,064$671$438
36 years$3,621$2,405$1,553$980$608$391
37 years$3,484$2,284$1,453$903$551$349
38 years$3,355$2,171$1,361$832$499$312
39 years$3,233$2,064$1,275$767$453$278
40 years$3,117$1,964$1,195$708$411$249
41 years$3,007$1,869$1,121$653$373$222
42 years$2,903$1,780$1,051$603$338$198
43 years$2,803$1,696$986$556$307$177
44 years$2,709$1,617$926$514$279$158
45 years$2,619$1,542$869$474$253$142
46 years$2,533$1,471$817$438$230$127
47 years$2,451$1,404$767$405$209$113
48 years$2,373$1,340$721$374$189$101
49 years$2,298$1,280$678$346$172$90
50 years$2,226$1,222$637$320$156$81

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 $3,954 every year, while hoping to spend $53,452 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: 59/17/24 Blend
66$2,280,000$2,280,000$2,280,000$2,280,000
67$2,516,639$2,395,799$2,360,459$2,648,687
68$2,716,463$2,456,320$2,382,661$2,799,575
69$2,934,878$2,518,016$2,403,817$2,957,970
70$3,173,724$2,580,887$2,423,832$3,129,581
71$3,435,026$2,644,932$2,442,613$3,315,700
72$3,721,014$2,710,150$2,460,056$3,517,751
73$4,034,146$2,776,535$2,476,056$3,737,305
74$4,377,124$2,844,081$2,490,499$3,976,091
75$4,752,929$2,912,778$2,503,269$4,236,015
76$5,164,839$2,982,616$2,514,240$4,519,177
77$5,616,469$3,053,581$2,523,283$4,827,891
78$6,111,796$3,125,654$2,530,261$5,164,708
79$6,655,204$3,198,816$2,535,030$5,532,438
80$7,251,520$3,273,042$2,537,438$5,934,178
81$7,906,061$3,348,307$2,537,328$6,373,341
82$8,624,684$3,424,579$2,534,533$6,853,688
83$9,413,840$3,501,822$2,528,879$7,379,366
84$10,280,639$3,579,998$2,520,183$7,954,944
85$11,232,908$3,659,062$2,508,253$8,585,455
86$12,279,273$3,738,964$2,492,888$9,276,451
87$13,429,236$3,819,652$2,473,877$10,034,048
88$14,693,267$3,901,063$2,451,001$10,864,986
89$16,082,897$3,983,132$2,424,026$11,776,696
90$17,610,834$4,065,787$2,392,712$12,777,365
91$19,291,076$4,148,947$2,356,805$13,876,020
92$21,139,046$4,232,526$2,316,039$15,082,606
93$23,171,739$4,316,429$2,270,136$16,408,087
94$25,407,875$4,400,554$2,218,805$17,864,547
95$27,868,086$4,484,788$2,161,742$19,465,301
96$30,575,099$4,569,011$2,098,629$21,225,028
97$33,553,958$4,653,092$2,029,132$23,159,906
98$36,832,257$4,736,889$1,952,903$25,287,763
99$40,440,400$4,820,249$1,869,578$27,628,251
100$44,411,888$4,903,009$1,778,776$30,203,028