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%14.3%
1 years$188,280$186,603$184,967$183,370$181,810$178,578
2 years$93,208$91,472$89,790$88,159$86,576$83,331
3 years$61,521$59,778$58,100$56,484$54,928$51,770
4 years$45,681$43,943$42,282$40,694$39,175$36,130
5 years$36,180$34,452$32,812$31,257$29,780$26,856
6 years$29,847$28,133$26,517$24,996$23,564$20,764
7 years$25,326$23,626$22,036$20,551$19,164$16,489
8 years$21,936$20,252$18,688$17,239$15,898$13,348
9 years$19,302$17,633$16,096$14,684$13,389$10,961
10 years$17,195$15,542$14,033$12,658$11,408$9,101
11 years$15,472$13,836$12,354$11,016$9,811$7,622
12 years$14,038$12,419$10,964$9,663$8,502$6,429
13 years$12,825$11,223$9,796$8,531$7,414$5,453
14 years$11,787$10,201$8,802$7,573$6,499$4,646
15 years$10,887$9,319$7,947$6,753$5,722$3,975
16 years$10,101$8,550$7,205$6,047$5,057$3,411
17 years$9,408$7,874$6,556$5,433$4,484$2,935
18 years$8,793$7,276$5,985$4,896$3,987$2,532
19 years$8,243$6,744$5,479$4,424$3,554$2,188
20 years$7,749$6,266$5,028$4,007$3,174$1,894
21 years$7,302$5,837$4,625$3,637$2,841$1,642
22 years$6,897$5,449$4,263$3,307$2,546$1,425
23 years$6,527$5,096$3,936$3,011$2,286$1,238
24 years$6,189$4,775$3,640$2,747$2,054$1,076
25 years$5,878$4,481$3,371$2,508$1,849$937
26 years$5,592$4,211$3,127$2,293$1,665$816
27 years$5,327$3,963$2,903$2,099$1,501$711
28 years$5,082$3,734$2,699$1,923$1,355$620
29 years$4,854$3,523$2,512$1,764$1,223$541
30 years$4,641$3,327$2,340$1,619$1,105$472
31 years$4,443$3,145$2,181$1,487$999$412
32 years$4,257$2,976$2,035$1,366$904$360
33 years$4,083$2,818$1,900$1,256$818$314
34 years$3,920$2,671$1,775$1,156$741$274
35 years$3,766$2,534$1,660$1,064$671$240
36 years$3,621$2,405$1,553$980$608$209
37 years$3,484$2,284$1,453$903$551$183
38 years$3,355$2,171$1,361$832$499$160
39 years$3,233$2,064$1,275$767$453$140
40 years$3,117$1,964$1,195$708$411$122
41 years$3,007$1,869$1,121$653$373$107
42 years$2,903$1,780$1,051$603$338$93
43 years$2,803$1,696$986$556$307$82
44 years$2,709$1,617$926$514$279$72
45 years$2,619$1,542$869$474$253$63
46 years$2,533$1,471$817$438$230$55
47 years$2,451$1,404$767$405$209$48
48 years$2,373$1,340$721$374$189$42
49 years$2,298$1,280$678$346$172$37
50 years$2,226$1,222$637$320$156$32

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 $4,764 every year, while hoping to spend $33,576 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: 63/26/11 Blend
66$2,280,000$2,280,000$2,280,000$2,280,000
67$2,517,474$2,396,634$2,361,294$2,669,487
68$2,738,532$2,478,345$2,404,673$2,853,454
69$2,981,012$2,562,933$2,448,379$3,049,929
70$3,247,065$2,650,507$2,492,389$3,263,620
71$3,539,057$2,741,173$2,536,676$3,496,199
72$3,859,598$2,835,048$2,581,212$3,749,504
73$4,211,560$2,932,248$2,625,966$4,025,558
74$4,598,108$3,032,897$2,670,904$4,326,588
75$5,022,728$3,137,122$2,715,993$4,655,047
76$5,489,262$3,245,057$2,761,194$5,013,632
77$6,001,939$3,356,837$2,806,467$5,405,314
78$6,565,423$3,472,608$2,851,769$5,833,363
79$7,184,847$3,592,516$2,897,054$6,301,380
80$7,865,869$3,716,718$2,942,273$6,813,330
81$8,614,723$3,845,372$2,987,375$7,373,578
82$9,438,276$3,978,646$3,032,303$7,986,930
83$10,344,094$4,116,714$3,076,999$8,658,681
84$11,340,513$4,259,755$3,121,400$9,394,661
85$12,436,719$4,407,957$3,165,441$10,201,289
86$13,642,832$4,561,514$3,209,050$11,085,638
87$14,970,001$4,720,628$3,252,154$12,055,494
88$16,430,513$4,885,511$3,294,673$13,119,437
89$18,037,905$5,056,380$3,336,524$14,286,914
90$19,807,092$5,233,464$3,377,618$15,568,334
91$21,754,510$5,416,998$3,417,863$16,975,160
92$23,898,268$5,607,229$3,457,160$18,520,022
93$26,258,320$5,804,412$3,495,404$20,216,831
94$28,856,655$6,008,814$3,532,486$22,080,912
95$31,717,499$6,220,712$3,568,289$24,129,148
96$34,867,549$6,440,392$3,602,692$26,380,138
97$38,336,223$6,668,155$3,635,566$28,854,373
98$42,155,935$6,904,312$3,666,775$31,574,427
99$46,362,405$7,149,187$3,696,176$34,565,171
100$50,994,991$7,403,118$3,723,619$37,854,005