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%12.9%
1 years$232,047$229,980$227,964$225,995$224,073$221,365
2 years$114,875$112,735$110,662$108,652$106,702$103,976
3 years$75,822$73,674$71,606$69,614$67,696$65,038
4 years$56,300$54,158$52,111$50,153$48,281$45,711
5 years$44,590$42,461$40,440$38,522$36,703$34,228
6 years$36,785$34,672$32,681$30,807$29,042$26,665
7 years$31,213$29,118$27,158$25,328$23,619$21,341
8 years$27,036$24,959$23,033$21,247$19,594$17,416
9 years$23,788$21,732$19,838$18,098$16,501$14,421
10 years$21,192$19,155$17,295$15,600$14,060$12,076
11 years$19,069$17,053$15,226$13,577$12,092$10,203
12 years$17,301$15,306$13,513$11,909$10,478$8,683
13 years$15,807$13,832$12,073$10,514$9,137$7,433
14 years$14,527$12,573$10,848$9,333$8,010$6,393
15 years$13,418$11,485$9,794$8,323$7,052$5,522
16 years$12,449$10,538$8,880$7,453$6,233$4,785
17 years$11,595$9,705$8,080$6,696$5,527$4,159
18 years$10,837$8,968$7,376$6,035$4,914$3,623
19 years$10,159$8,311$6,752$5,453$4,380$3,163
20 years$9,550$7,723$6,197$4,938$3,912$2,767
21 years$9,000$7,194$5,700$4,482$3,501$2,424
22 years$8,500$6,715$5,254$4,075$3,138$2,126
23 years$8,045$6,281$4,851$3,711$2,817$1,867
24 years$7,628$5,884$4,486$3,385$2,532$1,642
25 years$7,245$5,522$4,155$3,091$2,278$1,445
26 years$6,892$5,190$3,854$2,827$2,052$1,272
27 years$6,565$4,884$3,578$2,587$1,850$1,121
28 years$6,263$4,603$3,327$2,370$1,670$989
29 years$5,982$4,342$3,096$2,174$1,508$872
30 years$5,720$4,101$2,883$1,995$1,362$770
31 years$5,475$3,876$2,688$1,832$1,232$680
32 years$5,247$3,668$2,508$1,684$1,114$601
33 years$5,032$3,474$2,342$1,548$1,008$531
34 years$4,831$3,292$2,188$1,425$913$469
35 years$4,641$3,123$2,046$1,312$827$415
36 years$4,463$2,964$1,914$1,208$749$367
37 years$4,294$2,815$1,791$1,113$679$324
38 years$4,135$2,675$1,677$1,026$616$287
39 years$3,985$2,544$1,572$946$558$254
40 years$3,842$2,420$1,473$872$506$225
41 years$3,706$2,304$1,381$805$459$199
42 years$3,578$2,194$1,296$743$417$176
43 years$3,455$2,090$1,216$686$378$156
44 years$3,339$1,993$1,141$633$343$138
45 years$3,228$1,900$1,072$585$312$122
46 years$3,122$1,813$1,006$540$283$108
47 years$3,021$1,730$946$499$257$96
48 years$2,924$1,651$889$461$233$85
49 years$2,832$1,577$835$426$212$75
50 years$2,744$1,506$785$394$193$66

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 $4,537 every year, while hoping to spend $30,475 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: 75/12/13 Blend
66$2,810,000$2,810,000$2,810,000$2,810,000
67$3,101,300$2,952,370$2,908,815$3,325,277
68$3,385,207$3,064,611$2,973,835$3,586,009
69$3,697,052$3,181,330$3,040,012$3,867,421
70$4,039,651$3,302,715$3,107,352$4,174,998
71$4,416,109$3,428,961$3,175,862$4,511,331
72$4,829,844$3,560,273$3,245,545$4,879,272
73$5,284,624$3,696,862$3,316,407$5,281,963
74$5,784,599$3,838,951$3,388,450$5,722,861
75$6,334,340$3,986,773$3,461,675$6,205,775
76$6,938,887$4,140,568$3,536,085$6,734,900
77$7,603,788$4,300,591$3,611,679$7,314,854
78$8,335,159$4,467,104$3,688,455$7,950,725
79$9,139,737$4,640,384$3,766,410$8,648,116
80$10,024,945$4,820,718$3,845,539$9,413,197
81$10,998,963$5,008,406$3,925,838$10,252,766
82$12,070,801$5,203,763$4,007,298$11,174,309
83$13,250,391$5,407,115$4,089,911$12,186,074
84$14,548,672$5,618,805$4,173,664$13,297,145
85$15,977,701$5,839,190$4,258,545$14,517,529
86$17,550,759$6,068,644$4,344,540$15,858,249
87$19,282,485$6,307,556$4,431,630$17,331,450
88$21,189,005$6,556,333$4,519,797$18,950,511
89$23,288,092$6,815,401$4,609,018$20,730,169
90$25,599,326$7,085,204$4,699,269$22,686,663
91$28,144,285$7,366,207$4,790,522$24,837,880
92$30,946,746$7,658,895$4,882,748$27,203,529
93$34,032,907$7,963,774$4,975,914$29,805,323
94$37,431,639$8,281,375$5,069,982$32,667,186
95$41,174,755$8,612,250$5,164,915$35,815,474
96$45,297,308$8,956,979$5,260,668$39,279,229
97$49,837,927$9,316,165$5,357,194$43,090,445
98$54,839,179$9,690,441$5,454,444$47,284,377
99$60,347,969$10,080,466$5,552,361$51,899,869
100$66,415,985$10,486,931$5,650,888$56,979,718