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%13.6%
1 years$231,221$229,162$227,152$225,191$223,276$219,939
2 years$114,466$112,334$110,268$108,265$106,322$102,968
3 years$75,553$73,412$71,351$69,366$67,455$64,188
4 years$56,100$53,965$51,925$49,975$48,109$44,954
5 years$44,431$42,309$40,296$38,385$36,572$33,538
6 years$36,655$34,549$32,565$30,697$28,938$26,029
7 years$31,102$29,014$27,062$25,238$23,535$20,751
8 years$26,940$24,870$22,951$21,171$19,524$16,866
9 years$23,704$21,654$19,767$18,033$16,442$13,908
10 years$21,117$19,087$17,234$15,545$14,010$11,597
11 years$19,001$16,992$15,172$13,529$12,049$9,756
12 years$17,240$15,251$13,465$11,866$10,441$8,265
13 years$15,750$13,783$12,030$10,476$9,105$7,043
14 years$14,475$12,528$10,809$9,300$7,981$6,030
15 years$13,370$11,445$9,759$8,294$7,027$5,183
16 years$12,405$10,500$8,848$7,426$6,211$4,470
17 years$11,554$9,670$8,051$6,672$5,507$3,865
18 years$10,799$8,936$7,350$6,013$4,896$3,351
19 years$10,123$8,282$6,728$5,433$4,364$2,911
20 years$9,516$7,696$6,175$4,921$3,898$2,533
21 years$8,968$7,168$5,680$4,466$3,489$2,207
22 years$8,470$6,691$5,235$4,061$3,127$1,926
23 years$8,016$6,258$4,833$3,698$2,807$1,682
24 years$7,601$5,864$4,470$3,373$2,523$1,471
25 years$7,219$5,503$4,140$3,080$2,270$1,287
26 years$6,867$5,172$3,840$2,816$2,045$1,127
27 years$6,542$4,867$3,566$2,578$1,844$988
28 years$6,241$4,586$3,315$2,362$1,664$866
29 years$5,961$4,327$3,085$2,166$1,502$760
30 years$5,700$4,086$2,873$1,988$1,357$667
31 years$5,456$3,863$2,679$1,826$1,227$586
32 years$5,228$3,655$2,499$1,678$1,110$514
33 years$5,014$3,461$2,334$1,543$1,005$452
34 years$4,814$3,280$2,180$1,420$910$397
35 years$4,625$3,111$2,038$1,307$824$349
36 years$4,447$2,953$1,907$1,204$746$307
37 years$4,279$2,805$1,785$1,109$677$270
38 years$4,120$2,666$1,671$1,022$613$237
39 years$3,970$2,535$1,566$942$556$208
40 years$3,828$2,412$1,468$869$504$183
41 years$3,693$2,296$1,376$802$458$161
42 years$3,565$2,186$1,291$740$415$142
43 years$3,443$2,083$1,211$683$377$125
44 years$3,327$1,986$1,137$631$342$110
45 years$3,216$1,893$1,068$583$311$97
46 years$3,111$1,806$1,003$538$282$85
47 years$3,010$1,724$942$497$256$75
48 years$2,914$1,646$885$459$233$66
49 years$2,822$1,571$832$425$211$58
50 years$2,734$1,501$782$392$192$51

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 $3,380 every year, while hoping to spend $24,189 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: 41/44/15 Blend
66$2,800,000$2,800,000$2,800,000$2,800,000
67$3,089,086$2,940,686$2,897,286$3,201,928
68$3,378,436$3,059,043$2,968,609$3,400,346
69$3,696,489$3,182,389$3,041,509$3,612,337
70$4,046,147$3,310,942$3,116,016$3,841,262
71$4,430,608$3,444,932$3,192,156$4,088,676
72$4,853,394$3,584,597$3,269,957$4,356,285
73$5,318,386$3,730,188$3,349,447$4,645,963
74$5,829,860$3,881,967$3,430,652$4,959,766
75$6,392,529$4,040,206$3,513,602$5,299,953
76$7,011,582$4,205,191$3,598,323$5,669,008
77$7,692,740$4,377,222$3,684,844$6,069,655
78$8,442,304$4,556,611$3,773,191$6,504,891
79$9,267,219$4,743,684$3,863,392$6,978,008
80$10,175,134$4,938,783$3,955,474$7,492,626
81$11,174,480$5,142,266$4,049,465$8,052,721
82$12,274,547$5,354,507$4,145,392$8,662,669
83$13,485,568$5,575,896$4,243,280$9,327,278
84$14,818,823$5,806,841$4,343,157$10,051,836
85$16,286,738$6,047,772$4,445,048$10,842,160
86$17,903,007$6,299,134$4,548,979$11,704,647
87$19,682,719$6,561,397$4,654,974$12,646,336
88$21,642,500$6,835,049$4,763,060$13,674,966
89$23,800,671$7,120,602$4,873,258$14,799,058
90$26,177,420$7,418,593$4,985,593$16,027,982
91$28,794,994$7,729,581$5,100,088$17,372,054
92$31,677,906$8,054,153$5,216,763$18,842,621
93$34,853,169$8,392,923$5,335,641$20,452,177
94$38,350,548$8,746,532$5,456,741$22,214,468
95$42,202,843$9,115,651$5,580,081$24,144,628
96$46,446,200$9,500,985$5,705,681$26,259,316
97$51,120,448$9,903,268$5,833,556$28,576,868
98$56,269,475$10,323,271$5,963,722$31,117,473
99$61,941,648$10,761,797$6,096,194$33,903,358
100$68,190,262$11,219,692$6,230,982$36,958,993