Can I retire at age 67 with 2,250,000?

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 $2,250,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$185,803$184,148$182,533$180,957$179,418$176,446
2 years$91,982$90,269$88,608$86,999$85,437$82,451
3 years$60,712$58,991$57,335$55,741$54,205$51,298
4 years$45,080$43,365$41,726$40,158$38,659$35,855
5 years$35,704$33,999$32,381$30,845$29,388$26,693
6 years$29,455$27,762$26,168$24,667$23,254$20,672
7 years$24,993$23,315$21,746$20,280$18,912$16,443
8 years$21,648$19,985$18,442$17,013$15,689$13,334
9 years$19,048$17,401$15,884$14,491$13,212$10,969
10 years$16,969$15,338$13,848$12,491$11,258$9,125
11 years$15,269$13,654$12,192$10,871$9,682$7,657
12 years$13,853$12,255$10,820$9,536$8,390$6,470
13 years$12,657$11,075$9,667$8,418$7,316$5,499
14 years$11,632$10,067$8,686$7,473$6,414$4,695
15 years$10,744$9,197$7,842$6,665$5,647$4,025
16 years$9,968$8,438$7,110$5,967$4,991$3,461
17 years$9,285$7,771$6,470$5,362$4,425$2,985
18 years$8,677$7,181$5,906$4,832$3,935$2,580
19 years$8,135$6,655$5,407$4,366$3,507$2,234
20 years$7,647$6,184$4,962$3,954$3,133$1,938
21 years$7,206$5,760$4,564$3,589$2,803$1,684
22 years$6,806$5,377$4,207$3,263$2,513$1,465
23 years$6,441$5,029$3,884$2,972$2,256$1,276
24 years$6,108$4,712$3,592$2,710$2,027$1,112
25 years$5,801$4,422$3,327$2,475$1,824$970
26 years$5,518$4,156$3,086$2,263$1,643$847
27 years$5,257$3,911$2,865$2,072$1,482$740
28 years$5,015$3,685$2,664$1,898$1,337$647
29 years$4,790$3,477$2,479$1,741$1,207$565
30 years$4,580$3,283$2,309$1,597$1,091$495
31 years$4,384$3,104$2,152$1,467$986$433
32 years$4,201$2,937$2,008$1,348$892$379
33 years$4,029$2,781$1,875$1,240$807$332
34 years$3,868$2,636$1,752$1,141$731$290
35 years$3,716$2,500$1,638$1,050$662$254
36 years$3,574$2,373$1,532$967$600$223
37 years$3,439$2,254$1,434$891$544$195
38 years$3,311$2,142$1,343$821$493$171
39 years$3,190$2,037$1,258$757$447$150
40 years$3,076$1,938$1,179$699$405$131
41 years$2,968$1,845$1,106$644$368$115
42 years$2,865$1,757$1,037$595$334$101
43 years$2,767$1,674$973$549$303$89
44 years$2,673$1,596$914$507$275$78
45 years$2,584$1,522$858$468$250$68
46 years$2,500$1,451$806$432$227$60
47 years$2,419$1,385$757$400$206$52
48 years$2,341$1,322$711$369$187$46
49 years$2,268$1,263$669$341$170$40
50 years$2,197$1,206$629$315$154$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,250,000, adding $6,929 every year, while hoping to spend $41,890 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: 63/8/29 Blend
66$2,250,000$2,250,000$2,250,000$2,250,000
67$2,486,647$2,367,397$2,332,522$2,623,587
68$2,695,715$2,438,829$2,366,091$2,788,818
69$2,924,703$2,512,357$2,399,381$2,964,053
70$3,175,600$2,588,040$2,432,337$3,154,582
71$3,450,594$2,665,937$2,464,904$3,361,914
72$3,752,097$2,746,111$2,497,020$3,587,710
73$4,082,765$2,828,623$2,528,624$3,833,799
74$4,445,520$2,913,539$2,559,646$4,102,197
75$4,843,586$3,000,925$2,590,017$4,395,126
76$5,280,509$3,090,849$2,619,661$4,715,032
77$5,760,200$3,183,379$2,648,498$5,064,610
78$6,286,963$3,278,587$2,676,445$5,446,831
79$6,865,542$3,376,546$2,703,414$5,864,968
80$7,501,161$3,477,330$2,729,312$6,322,626
81$8,199,575$3,581,016$2,754,041$6,823,779
82$8,967,127$3,687,681$2,777,496$7,372,805
83$9,810,802$3,797,405$2,799,570$7,974,528
84$10,738,297$3,910,271$2,820,148$8,634,263
85$11,758,089$4,026,360$2,839,110$9,357,869
86$12,879,522$4,145,759$2,856,328$10,151,801
87$14,112,887$4,268,556$2,871,668$11,023,171
88$15,469,525$4,394,838$2,884,992$11,979,818
89$16,961,929$4,524,698$2,896,152$13,030,381
90$18,603,865$4,658,227$2,904,993$14,184,377
91$20,410,501$4,795,522$2,911,352$15,452,296
92$22,398,549$4,936,680$2,915,059$16,845,698
93$24,586,422$5,081,798$2,915,935$18,377,322
94$26,994,410$5,230,979$2,913,792$20,061,206
95$29,644,868$5,384,326$2,908,432$21,912,821
96$32,562,430$5,541,942$2,899,649$23,949,214
97$35,774,236$5,703,936$2,887,226$26,189,175
98$39,310,196$5,870,417$2,870,936$28,653,408
99$43,203,264$6,041,495$2,850,540$31,364,730
100$47,489,753$6,217,284$2,825,789$34,348,288