Can I retire at age 67 with 2,290,000?

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 $2,290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$189,106$187,422$185,778$184,174$182,608$177,046
2 years$93,617$91,873$90,184$88,545$86,956$81,400
3 years$61,791$60,040$58,355$56,732$55,169$49,793
4 years$45,882$44,136$42,467$40,872$39,347$34,193
5 years$36,338$34,603$32,956$31,394$29,911$24,992
6 years$29,978$28,256$26,634$25,106$23,667$18,989
7 years$25,437$23,729$22,133$20,641$19,248$14,809
8 years$22,033$20,340$18,770$17,315$15,968$11,766
9 years$19,386$17,710$16,167$14,749$13,447$9,477
10 years$17,270$15,611$14,095$12,713$11,458$7,714
11 years$15,540$13,897$12,409$11,065$9,854$6,331
12 years$14,100$12,473$11,012$9,705$8,539$5,229
13 years$12,882$11,272$9,839$8,568$7,446$4,341
14 years$11,838$10,246$8,840$7,606$6,528$3,619
15 years$10,935$9,360$7,982$6,783$5,747$3,027
16 years$10,146$8,588$7,236$6,073$5,080$2,539
17 years$9,450$7,909$6,585$5,457$4,504$2,135
18 years$8,832$7,308$6,011$4,918$4,005$1,799
19 years$8,279$6,773$5,503$4,444$3,569$1,518
20 years$7,783$6,294$5,050$4,025$3,188$1,282
21 years$7,334$5,863$4,645$3,653$2,853$1,085
22 years$6,927$5,472$4,281$3,321$2,557$918
23 years$6,556$5,118$3,953$3,025$2,296$778
24 years$6,216$4,796$3,656$2,759$2,063$660
25 years$5,904$4,500$3,386$2,519$1,857$560
26 years$5,616$4,230$3,140$2,303$1,673$475
27 years$5,350$3,981$2,916$2,108$1,508$403
28 years$5,104$3,751$2,711$1,932$1,361$343
29 years$4,875$3,539$2,523$1,771$1,229$291
30 years$4,661$3,342$2,350$1,626$1,110$247
31 years$4,462$3,159$2,191$1,493$1,004$210
32 years$4,276$2,989$2,044$1,372$908$179
33 years$4,101$2,831$1,908$1,262$822$152
34 years$3,937$2,683$1,783$1,161$744$129
35 years$3,783$2,545$1,667$1,069$674$110
36 years$3,637$2,415$1,560$984$610$94
37 years$3,500$2,294$1,460$907$553$80
38 years$3,370$2,180$1,367$836$502$68
39 years$3,247$2,073$1,281$771$455$58
40 years$3,131$1,972$1,200$711$413$49
41 years$3,020$1,877$1,126$656$374$42
42 years$2,916$1,788$1,056$605$340$35
43 years$2,816$1,704$991$559$308$30
44 years$2,721$1,624$930$516$280$26
45 years$2,630$1,549$873$477$254$22
46 years$2,544$1,477$820$440$231$19
47 years$2,462$1,410$771$407$209$16
48 years$2,383$1,346$724$376$190$13
49 years$2,308$1,285$681$347$173$11
50 years$2,236$1,228$640$321$157$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,290,000, adding $6,159 every year, while hoping to spend $38,528 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: 57/15/28 Blend
66$2,290,000$2,290,000$2,290,000$2,290,000
67$2,529,933$2,408,563$2,373,068$2,654,382
68$2,746,993$2,485,589$2,411,572$2,817,533
69$2,984,901$2,565,098$2,450,075$2,990,723
70$3,245,744$2,647,171$2,488,536$3,178,712
71$3,531,820$2,731,892$2,526,911$3,382,946
72$3,845,657$2,819,347$2,565,155$3,605,014
73$4,190,045$2,909,625$2,603,218$3,846,667
74$4,568,051$3,002,819$2,641,048$4,109,833
75$4,983,060$3,099,024$2,678,590$4,396,634
76$5,438,794$3,198,339$2,715,785$4,709,410
77$5,939,359$3,300,865$2,752,572$5,050,737
78$6,489,274$3,406,708$2,788,884$5,423,450
79$7,093,520$3,515,977$2,824,651$5,830,677
80$7,757,582$3,628,783$2,859,800$6,275,859
81$8,487,506$3,745,243$2,894,253$6,762,788
82$9,289,949$3,865,477$2,927,928$7,295,643
83$10,172,248$3,989,610$2,960,738$7,879,026
84$11,142,485$4,117,769$2,992,590$8,518,008
85$12,209,565$4,250,086$3,023,389$9,218,175
86$13,383,300$4,386,699$3,053,032$9,985,683
87$14,674,499$4,527,750$3,081,411$10,827,312
88$16,095,072$4,673,384$3,108,413$11,750,535
89$17,658,143$4,823,754$3,133,918$12,763,583
90$19,378,170$4,979,015$3,157,801$13,875,528
91$21,271,086$5,139,328$3,179,929$15,096,364
92$23,354,443$5,304,862$3,200,164$16,437,104
93$25,647,585$5,475,789$3,218,358$17,909,882
94$28,171,823$5,652,287$3,234,358$19,528,069
95$30,950,642$5,834,542$3,248,001$21,306,399
96$34,009,917$6,022,744$3,259,118$23,261,106
97$37,378,160$6,217,090$3,267,531$25,410,079
98$41,086,790$6,417,785$3,273,051$27,773,033
99$45,170,426$6,625,041$3,275,482$30,371,688
100$49,667,216$6,839,074$3,274,617$33,229,982