Can I retire at age 67 with 2,810,000?

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 $2,810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$232,047$229,980$227,964$225,995$224,073$215,951
2 years$114,875$112,735$110,662$108,652$106,702$98,608
3 years$75,822$73,674$71,606$69,614$67,696$59,885
4 years$56,300$54,158$52,111$50,153$48,281$40,813
5 years$44,590$42,461$40,440$38,522$36,703$29,596
6 years$36,785$34,672$32,681$30,807$29,042$22,302
7 years$31,213$29,118$27,158$25,328$23,619$17,245
8 years$27,036$24,959$23,033$21,247$19,594$13,580
9 years$23,788$21,732$19,838$18,098$16,501$10,839
10 years$21,192$19,155$17,295$15,600$14,060$8,740
11 years$19,069$17,053$15,226$13,577$12,092$7,103
12 years$17,301$15,306$13,513$11,909$10,478$5,808
13 years$15,807$13,832$12,073$10,514$9,137$4,773
14 years$14,527$12,573$10,848$9,333$8,010$3,938
15 years$13,418$11,485$9,794$8,323$7,052$3,259
16 years$12,449$10,538$8,880$7,453$6,233$2,704
17 years$11,595$9,705$8,080$6,696$5,527$2,249
18 years$10,837$8,968$7,376$6,035$4,914$1,874
19 years$10,159$8,311$6,752$5,453$4,380$1,563
20 years$9,550$7,723$6,197$4,938$3,912$1,305
21 years$9,000$7,194$5,700$4,482$3,501$1,092
22 years$8,500$6,715$5,254$4,075$3,138$913
23 years$8,045$6,281$4,851$3,711$2,817$765
24 years$7,628$5,884$4,486$3,385$2,532$641
25 years$7,245$5,522$4,155$3,091$2,278$537
26 years$6,892$5,190$3,854$2,827$2,052$450
27 years$6,565$4,884$3,578$2,587$1,850$378
28 years$6,263$4,603$3,327$2,370$1,670$317
29 years$5,982$4,342$3,096$2,174$1,508$266
30 years$5,720$4,101$2,883$1,995$1,362$223
31 years$5,475$3,876$2,688$1,832$1,232$188
32 years$5,247$3,668$2,508$1,684$1,114$157
33 years$5,032$3,474$2,342$1,548$1,008$132
34 years$4,831$3,292$2,188$1,425$913$111
35 years$4,641$3,123$2,046$1,312$827$93
36 years$4,463$2,964$1,914$1,208$749$78
37 years$4,294$2,815$1,791$1,113$679$66
38 years$4,135$2,675$1,677$1,026$616$55
39 years$3,985$2,544$1,572$946$558$46
40 years$3,842$2,420$1,473$872$506$39
41 years$3,706$2,304$1,381$805$459$33
42 years$3,578$2,194$1,296$743$417$28
43 years$3,455$2,090$1,216$686$378$23
44 years$3,339$1,993$1,141$633$343$19
45 years$3,228$1,900$1,072$585$312$16
46 years$3,122$1,813$1,006$540$283$14
47 years$3,021$1,730$946$499$257$12
48 years$2,924$1,651$889$461$233$10
49 years$2,832$1,577$835$426$212$8
50 years$2,744$1,506$785$394$193$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,810,000, adding $2,284 every year, while hoping to spend $24,252 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: 44/30/26 Blend
66$2,810,000$2,810,000$2,810,000$2,810,000
67$3,098,976$2,950,046$2,906,491$3,211,853
68$3,389,268$3,068,794$2,978,054$3,411,133
69$3,708,356$3,192,548$3,051,203$3,624,509
70$4,059,153$3,321,528$3,125,963$3,855,339
71$4,444,867$3,455,963$3,202,362$4,105,259
72$4,869,031$3,596,093$3,280,429$4,376,065
73$5,335,540$3,742,169$3,360,191$4,669,732
74$5,848,684$3,894,454$3,441,676$4,988,430
75$6,413,189$4,053,222$3,524,912$5,334,544
76$7,034,264$4,218,759$3,609,926$5,710,699
77$7,717,646$4,391,366$3,696,747$6,119,778
78$8,469,660$4,571,357$3,785,401$6,564,952
79$9,297,270$4,759,058$3,875,917$7,049,712
80$10,208,153$4,954,813$3,968,322$7,577,893
81$11,210,767$5,158,982$4,062,643$8,153,718
82$12,314,431$5,371,938$4,158,907$8,781,830
83$13,529,414$5,594,074$4,257,142$9,467,340
84$14,867,031$5,825,800$4,357,373$10,215,869
85$16,339,750$6,067,546$4,459,626$11,033,606
86$17,961,309$6,319,760$4,563,928$11,927,361
87$19,746,847$6,582,913$4,670,304$12,904,628
88$21,713,044$6,857,494$4,778,778$13,973,656
89$23,878,282$7,144,019$4,889,375$15,143,528
90$26,262,815$7,443,024$5,002,117$16,424,239
91$28,888,963$7,755,073$5,117,028$17,826,794
92$31,781,318$8,080,753$5,234,130$19,363,311
93$34,966,983$8,420,680$5,353,444$21,047,129
94$38,475,821$8,775,499$5,474,990$22,892,937
95$42,340,740$9,145,884$5,598,787$24,916,909
96$46,598,002$9,532,539$5,724,854$27,136,854
97$51,287,569$9,936,204$5,853,207$29,572,386
98$56,453,473$10,357,650$5,983,861$32,245,104
99$62,144,238$10,797,686$6,116,832$35,178,793
100$68,413,336$11,257,158$6,252,131$38,399,650