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

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 $2,290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$189,106$187,422$185,778$184,174$182,608$177,617
2 years$93,617$91,873$90,184$88,545$86,956$81,965
3 years$61,791$60,040$58,355$56,732$55,169$50,332
4 years$45,882$44,136$42,467$40,872$39,347$34,703
5 years$36,338$34,603$32,956$31,394$29,911$25,472
6 years$29,978$28,256$26,634$25,106$23,667$19,438
7 years$25,437$23,729$22,133$20,641$19,248$15,229
8 years$22,033$20,340$18,770$17,315$15,968$12,156
9 years$19,386$17,710$16,167$14,749$13,447$9,840
10 years$17,270$15,611$14,095$12,713$11,458$8,049
11 years$15,540$13,897$12,409$11,065$9,854$6,640
12 years$14,100$12,473$11,012$9,705$8,539$5,513
13 years$12,882$11,272$9,839$8,568$7,446$4,602
14 years$11,838$10,246$8,840$7,606$6,528$3,858
15 years$10,935$9,360$7,982$6,783$5,747$3,245
16 years$10,146$8,588$7,236$6,073$5,080$2,738
17 years$9,450$7,909$6,585$5,457$4,504$2,315
18 years$8,832$7,308$6,011$4,918$4,005$1,962
19 years$8,279$6,773$5,503$4,444$3,569$1,666
20 years$7,783$6,294$5,050$4,025$3,188$1,416
21 years$7,334$5,863$4,645$3,653$2,853$1,205
22 years$6,927$5,472$4,281$3,321$2,557$1,027
23 years$6,556$5,118$3,953$3,025$2,296$875
24 years$6,216$4,796$3,656$2,759$2,063$747
25 years$5,904$4,500$3,386$2,519$1,857$638
26 years$5,616$4,230$3,140$2,303$1,673$545
27 years$5,350$3,981$2,916$2,108$1,508$466
28 years$5,104$3,751$2,711$1,932$1,361$398
29 years$4,875$3,539$2,523$1,771$1,229$340
30 years$4,661$3,342$2,350$1,626$1,110$291
31 years$4,462$3,159$2,191$1,493$1,004$249
32 years$4,276$2,989$2,044$1,372$908$213
33 years$4,101$2,831$1,908$1,262$822$183
34 years$3,937$2,683$1,783$1,161$744$156
35 years$3,783$2,545$1,667$1,069$674$134
36 years$3,637$2,415$1,560$984$610$115
37 years$3,500$2,294$1,460$907$553$98
38 years$3,370$2,180$1,367$836$502$84
39 years$3,247$2,073$1,281$771$455$72
40 years$3,131$1,972$1,200$711$413$62
41 years$3,020$1,877$1,126$656$374$53
42 years$2,916$1,788$1,056$605$340$45
43 years$2,816$1,704$991$559$308$39
44 years$2,721$1,624$930$516$280$33
45 years$2,630$1,549$873$477$254$28
46 years$2,544$1,477$820$440$231$24
47 years$2,462$1,410$771$407$209$21
48 years$2,383$1,346$724$376$190$18
49 years$2,308$1,285$681$347$173$15
50 years$2,236$1,228$640$321$157$13

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 $4,283 every year, while hoping to spend $53,323 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: 33/50/17 Blend
66$2,290,000$2,290,000$2,290,000$2,290,000
67$2,527,998$2,406,628$2,371,133$2,597,922
68$2,729,118$2,467,817$2,393,831$2,711,048
69$2,948,966$2,530,218$2,415,502$2,827,649
70$3,189,395$2,593,833$2,436,055$2,952,178
71$3,452,446$2,658,663$2,455,395$3,085,362
72$3,740,366$2,724,709$2,473,422$3,228,001
73$4,055,632$2,791,968$2,490,030$3,380,974
74$4,400,967$2,860,435$2,505,107$3,545,252
75$4,779,374$2,930,105$2,518,536$3,721,903
76$5,194,158$3,000,968$2,530,195$3,912,101
77$5,648,960$3,073,013$2,539,954$4,117,142
78$6,147,788$3,146,225$2,547,678$4,338,454
79$6,695,061$3,220,588$2,553,223$4,577,608
80$7,295,641$3,296,081$2,556,440$4,836,337
81$7,954,887$3,372,680$2,557,171$5,116,549
82$8,678,702$3,450,358$2,555,253$5,420,347
83$9,473,588$3,529,083$2,550,512$5,750,050
84$10,346,705$3,608,820$2,542,766$6,108,211
85$11,305,946$3,689,528$2,531,825$6,497,645
86$12,360,001$3,771,164$2,517,489$6,921,455
87$13,518,446$3,853,676$2,499,551$7,383,061
88$14,791,831$3,937,010$2,477,789$7,886,231
89$16,191,778$4,021,104$2,451,976$8,435,120
90$17,731,092$4,105,890$2,421,869$9,034,307
91$19,423,881$4,191,296$2,387,219$9,688,839
92$21,285,686$4,277,239$2,347,760$10,404,281
93$23,333,634$4,363,631$2,303,218$11,186,764
94$25,586,592$4,450,376$2,253,303$12,043,051
95$28,065,348$4,537,369$2,197,713$12,980,592
96$30,792,809$4,624,496$2,136,131$14,007,602
97$33,794,212$4,711,632$2,068,228$15,133,137
98$37,097,365$4,798,646$1,993,657$16,367,179
99$40,732,908$4,885,391$1,912,057$17,720,731
100$44,734,602$4,971,713$1,823,048$19,205,923