Can I retire at age 67 with 2,800,000?

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 $2,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$231,221$229,162$227,152$225,191$223,276$218,678
2 years$114,466$112,334$110,268$108,265$106,322$101,711
3 years$75,553$73,412$71,351$69,366$67,455$62,974
4 years$56,100$53,965$51,925$49,975$48,109$43,794
5 years$44,431$42,309$40,296$38,385$36,572$32,433
6 years$36,655$34,549$32,565$30,697$28,938$24,981
7 years$31,102$29,014$27,062$25,238$23,535$19,760
8 years$26,940$24,870$22,951$21,171$19,524$15,931
9 years$23,704$21,654$19,767$18,033$16,442$13,028
10 years$21,117$19,087$17,234$15,545$14,010$10,770
11 years$19,001$16,992$15,172$13,529$12,049$8,981
12 years$17,240$15,251$13,465$11,866$10,441$7,540
13 years$15,750$13,783$12,030$10,476$9,105$6,366
14 years$14,475$12,528$10,809$9,300$7,981$5,399
15 years$13,370$11,445$9,759$8,294$7,027$4,596
16 years$12,405$10,500$8,848$7,426$6,211$3,925
17 years$11,554$9,670$8,051$6,672$5,507$3,360
18 years$10,799$8,936$7,350$6,013$4,896$2,884
19 years$10,123$8,282$6,728$5,433$4,364$2,479
20 years$9,516$7,696$6,175$4,921$3,898$2,135
21 years$8,968$7,168$5,680$4,466$3,489$1,841
22 years$8,470$6,691$5,235$4,061$3,127$1,589
23 years$8,016$6,258$4,833$3,698$2,807$1,373
24 years$7,601$5,864$4,470$3,373$2,523$1,187
25 years$7,219$5,503$4,140$3,080$2,270$1,028
26 years$6,867$5,172$3,840$2,816$2,045$890
27 years$6,542$4,867$3,566$2,578$1,844$771
28 years$6,241$4,586$3,315$2,362$1,664$669
29 years$5,961$4,327$3,085$2,166$1,502$580
30 years$5,700$4,086$2,873$1,988$1,357$503
31 years$5,456$3,863$2,679$1,826$1,227$437
32 years$5,228$3,655$2,499$1,678$1,110$379
33 years$5,014$3,461$2,334$1,543$1,005$329
34 years$4,814$3,280$2,180$1,420$910$286
35 years$4,625$3,111$2,038$1,307$824$248
36 years$4,447$2,953$1,907$1,204$746$216
37 years$4,279$2,805$1,785$1,109$677$187
38 years$4,120$2,666$1,671$1,022$613$163
39 years$3,970$2,535$1,566$942$556$141
40 years$3,828$2,412$1,468$869$504$123
41 years$3,693$2,296$1,376$802$458$107
42 years$3,565$2,186$1,291$740$415$93
43 years$3,443$2,083$1,211$683$377$81
44 years$3,327$1,986$1,137$631$342$70
45 years$3,216$1,893$1,068$583$311$61
46 years$3,111$1,806$1,003$538$282$53
47 years$3,010$1,724$942$497$256$46
48 years$2,914$1,646$885$459$233$40
49 years$2,822$1,571$832$425$211$35
50 years$2,734$1,501$782$392$192$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,800,000, adding $6,471 every year, while hoping to spend $35,842 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: 40/31/29 Blend
66$2,800,000$2,800,000$2,800,000$2,800,000
67$3,092,275$2,943,875$2,900,475$3,189,271
68$3,369,551$3,049,989$2,959,505$3,366,638
69$3,673,909$3,160,102$3,019,312$3,554,610
70$4,008,071$3,274,371$3,079,883$3,757,303
71$4,375,040$3,392,961$3,141,205$3,976,091
72$4,778,122$3,516,043$3,203,262$4,212,481
73$5,220,958$3,643,797$3,266,039$4,468,132
74$5,707,560$3,776,408$3,329,516$4,744,867
75$6,242,349$3,914,069$3,393,673$5,044,692
76$6,830,194$4,056,984$3,458,486$5,369,812
77$7,476,460$4,205,362$3,523,931$5,722,653
78$8,187,056$4,359,422$3,589,980$6,105,883
79$8,968,496$4,519,394$3,656,604$6,522,438
80$9,827,952$4,685,514$3,723,770$6,975,549
81$10,773,330$4,858,031$3,791,444$7,468,770
82$11,813,339$5,037,204$3,859,586$8,006,012
83$12,957,574$5,223,301$3,928,157$8,591,582
84$14,216,609$5,416,605$3,997,112$9,230,217
85$15,602,092$5,617,408$4,066,405$9,927,135
86$17,126,859$5,826,014$4,135,983$10,688,076
87$18,805,053$6,042,743$4,205,792$11,519,363
88$20,652,257$6,267,926$4,275,775$12,427,955
89$22,685,642$6,501,910$4,345,869$13,421,515
90$24,924,128$6,745,054$4,416,006$14,508,481
91$27,388,564$6,997,736$4,486,117$15,698,143
92$30,101,920$7,260,348$4,556,124$17,000,732
93$33,089,510$7,533,299$4,625,948$18,427,516
94$36,379,226$7,817,016$4,695,503$19,990,903
95$40,001,802$8,111,945$4,764,698$21,704,558
96$43,991,105$8,418,550$4,833,435$23,583,532
97$48,384,455$8,737,316$4,901,612$25,644,402
98$53,222,974$9,068,749$4,969,120$27,905,427
99$58,551,975$9,413,376$5,035,844$30,386,718
100$64,421,393$9,771,748$5,101,661$33,110,429