Can I retire at age 67 with 2,300,000?

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 $2,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$189,932$188,240$186,589$184,978$183,405$182,173
2 years$94,026$92,275$90,577$88,932$87,336$86,093
3 years$62,061$60,302$58,610$56,980$55,409$54,195
4 years$46,082$44,329$42,653$41,051$39,518$38,341
5 years$36,497$34,754$33,100$31,531$30,041$28,905
6 years$30,109$28,379$26,750$25,215$23,771$22,676
7 years$25,548$23,833$22,229$20,731$19,332$18,280
8 years$22,129$20,429$18,852$17,391$16,038$15,029
9 years$19,471$17,787$16,237$14,813$13,506$12,540
10 years$17,346$15,679$14,156$12,769$11,508$10,584
11 years$15,608$13,958$12,463$11,113$9,897$9,014
12 years$14,161$12,528$11,060$9,747$8,577$7,734
13 years$12,938$11,321$9,882$8,606$7,479$6,676
14 years$11,890$10,291$8,879$7,639$6,556$5,792
15 years$10,983$9,401$8,016$6,813$5,772$5,046
16 years$10,190$8,625$7,268$6,100$5,102$4,412
17 years$9,491$7,943$6,614$5,481$4,524$3,870
18 years$8,870$7,340$6,037$4,939$4,022$3,403
19 years$8,316$6,803$5,527$4,463$3,585$2,999
20 years$7,817$6,321$5,072$4,042$3,202$2,648
21 years$7,366$5,888$4,666$3,669$2,866$2,342
22 years$6,957$5,496$4,300$3,336$2,569$2,075
23 years$6,585$5,141$3,970$3,038$2,306$1,840
24 years$6,243$4,816$3,672$2,771$2,072$1,634
25 years$5,930$4,520$3,401$2,530$1,865$1,453
26 years$5,641$4,248$3,154$2,314$1,680$1,293
27 years$5,374$3,998$2,929$2,118$1,514$1,151
28 years$5,126$3,767$2,723$1,940$1,367$1,025
29 years$4,896$3,554$2,534$1,779$1,234$914
30 years$4,682$3,356$2,360$1,633$1,115$816
31 years$4,482$3,173$2,200$1,500$1,008$728
32 years$4,294$3,002$2,053$1,378$912$650
33 years$4,119$2,843$1,917$1,267$825$580
34 years$3,954$2,695$1,791$1,166$747$519
35 years$3,799$2,556$1,674$1,073$677$464
36 years$3,653$2,426$1,566$989$613$414
37 years$3,515$2,304$1,466$911$556$371
38 years$3,385$2,190$1,373$840$504$331
39 years$3,261$2,082$1,286$774$457$297
40 years$3,144$1,981$1,206$714$414$265
41 years$3,034$1,886$1,131$659$376$237
42 years$2,928$1,796$1,060$608$341$213
43 years$2,828$1,711$995$561$310$190
44 years$2,733$1,631$934$518$281$170
45 years$2,642$1,555$877$479$255$152
46 years$2,555$1,484$824$442$232$137
47 years$2,473$1,416$774$408$210$122
48 years$2,393$1,352$727$377$191$109
49 years$2,318$1,291$684$349$173$98
50 years$2,246$1,233$643$322$158$88

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,300,000, adding $2,018 every year, while hoping to spend $49,439 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: 52/29/19 Blend
66$2,300,000$2,300,000$2,300,000$2,300,000
67$2,536,682$2,414,782$2,379,132$2,655,246
68$2,742,820$2,480,503$2,406,230$2,802,711
69$2,968,328$2,547,788$2,432,579$2,957,701
70$3,215,129$2,616,661$2,458,101$3,125,217
71$3,485,340$2,687,145$2,482,716$3,306,464
72$3,781,294$2,759,265$2,506,336$3,502,770
73$4,105,560$2,833,043$2,528,872$3,715,594
74$4,460,966$2,908,501$2,550,228$3,946,547
75$4,850,628$2,985,660$2,570,304$4,197,400
76$5,277,976$3,064,541$2,588,993$4,470,106
77$5,746,790$3,145,165$2,606,185$4,766,814
78$6,261,232$3,227,548$2,621,762$5,089,892
79$6,825,889$3,311,708$2,635,602$5,441,949
80$7,445,809$3,397,662$2,647,574$5,825,858
81$8,126,558$3,485,423$2,657,544$6,244,787
82$8,874,263$3,575,005$2,665,368$6,702,222
83$9,695,675$3,666,418$2,670,896$7,202,007
84$10,598,234$3,759,672$2,673,970$7,748,376
85$11,590,132$3,854,774$2,674,426$8,345,994
86$12,680,396$3,951,728$2,672,090$9,000,002
87$13,878,971$4,050,538$2,666,780$9,716,062
88$15,196,814$4,151,202$2,658,305$10,500,418
89$16,645,996$4,253,718$2,646,465$11,359,945
90$18,239,816$4,358,079$2,631,050$12,302,223
91$19,992,927$4,464,275$2,611,841$13,335,601
92$21,921,475$4,572,293$2,588,606$14,469,282
93$24,043,246$4,682,117$2,561,105$15,713,408
94$26,377,840$4,793,723$2,529,085$17,079,153
95$28,946,852$4,907,087$2,492,281$18,578,832
96$31,774,074$5,022,178$2,450,416$20,226,016
97$34,885,724$5,138,960$2,403,200$22,035,662
98$38,310,690$5,257,390$2,350,329$24,024,250
99$42,080,801$5,377,423$2,291,485$26,209,943
100$46,231,129$5,499,003$2,226,337$28,612,759