Can I retire at age 67 with 2,820,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$232,873$230,799$228,775$226,800$224,871$223,454
2 years$115,284$113,137$111,056$109,038$107,081$105,652
3 years$76,092$73,936$71,860$69,862$67,937$66,539
4 years$56,501$54,351$52,296$50,332$48,453$47,098
5 years$44,748$42,612$40,584$38,659$36,833$35,525
6 years$36,916$34,796$32,798$30,916$29,145$27,885
7 years$31,324$29,221$27,255$25,418$23,703$22,492
8 years$27,132$25,048$23,114$21,323$19,664$18,502
9 years$23,873$21,809$19,909$18,162$16,560$15,446
10 years$21,267$19,223$17,357$15,656$14,110$13,045
11 years$19,137$17,113$15,281$13,625$12,135$11,117
12 years$17,363$15,360$13,561$11,951$10,516$9,545
13 years$15,863$13,881$12,116$10,551$9,170$8,244
14 years$14,578$12,618$10,886$9,366$8,038$7,157
15 years$13,466$11,526$9,829$8,353$7,078$6,240
16 years$12,494$10,575$8,911$7,479$6,255$5,460
17 years$11,637$9,739$8,109$6,720$5,546$4,791
18 years$10,876$9,000$7,402$6,056$4,931$4,216
19 years$10,196$8,341$6,777$5,472$4,396$3,718
20 years$9,584$7,751$6,219$4,956$3,926$3,286
21 years$9,032$7,219$5,720$4,498$3,513$2,909
22 years$8,530$6,739$5,272$4,090$3,149$2,578
23 years$8,073$6,303$4,868$3,725$2,827$2,289
24 years$7,655$5,905$4,502$3,397$2,541$2,034
25 years$7,270$5,542$4,170$3,102$2,287$1,810
26 years$6,916$5,209$3,867$2,837$2,060$1,611
27 years$6,589$4,902$3,591$2,596$1,857$1,436
28 years$6,285$4,619$3,338$2,379$1,676$1,280
29 years$6,003$4,357$3,107$2,181$1,513$1,142
30 years$5,740$4,115$2,894$2,002$1,367$1,020
31 years$5,495$3,890$2,698$1,839$1,236$911
32 years$5,265$3,681$2,517$1,690$1,118$814
33 years$5,050$3,486$2,350$1,554$1,012$728
34 years$4,848$3,304$2,196$1,430$916$651
35 years$4,658$3,134$2,053$1,316$830$582
36 years$4,479$2,974$1,921$1,212$752$521
37 years$4,310$2,825$1,798$1,117$681$466
38 years$4,150$2,685$1,683$1,029$618$417
39 years$3,999$2,553$1,577$949$560$374
40 years$3,855$2,429$1,478$875$508$335
41 years$3,719$2,312$1,386$808$461$300
42 years$3,590$2,202$1,300$745$418$268
43 years$3,467$2,098$1,220$688$380$240
44 years$3,351$2,000$1,145$635$345$215
45 years$3,239$1,907$1,075$587$313$193
46 years$3,133$1,819$1,010$542$284$173
47 years$3,032$1,736$949$501$258$155
48 years$2,935$1,657$892$463$234$139
49 years$2,842$1,583$838$428$213$125
50 years$2,753$1,512$788$395$193$112

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,820,000, adding $5,861 every year, while hoping to spend $43,409 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: 44/29/27 Blend
66$2,820,000$2,820,000$2,820,000$2,820,000
67$3,113,686$2,964,226$2,920,516$3,226,054
68$3,385,095$3,063,286$2,972,166$3,405,762
69$3,682,733$3,165,745$3,024,092$3,595,839
70$4,009,229$3,271,724$3,076,257$3,801,048
71$4,367,480$3,381,348$3,128,621$4,022,823
72$4,760,676$3,494,747$3,181,142$4,262,738
73$5,192,330$3,612,056$3,233,776$4,522,524
74$5,666,315$3,733,413$3,286,475$4,804,089
75$6,186,893$3,858,965$3,339,186$5,109,530
76$6,758,763$3,988,861$3,391,856$5,441,154
77$7,387,099$4,123,257$3,444,425$5,801,502
78$8,077,602$4,262,316$3,496,832$6,193,372
79$8,836,553$4,406,204$3,549,011$6,619,839
80$9,670,870$4,555,097$3,600,891$7,084,294
81$10,588,176$4,709,174$3,652,399$7,590,466
82$11,596,870$4,868,624$3,703,454$8,142,463
83$12,706,205$5,033,641$3,753,975$8,744,808
84$13,926,376$5,204,427$3,803,870$9,402,480
85$15,268,615$5,381,192$3,853,048$10,120,964
86$16,745,296$5,564,153$3,901,408$10,906,298
87$18,370,057$5,753,537$3,948,846$11,765,135
88$20,157,921$5,949,579$3,995,250$12,704,800
89$22,125,441$6,152,520$4,040,504$13,733,360
90$24,290,858$6,362,616$4,084,483$14,859,703
91$26,674,269$6,580,128$4,127,056$16,093,617
92$29,297,820$6,805,329$4,168,087$17,445,884
93$32,185,909$7,038,502$4,207,430$18,928,382
94$35,365,425$7,279,941$4,244,932$20,554,194
95$38,865,992$7,529,953$4,280,432$22,337,733
96$42,720,257$7,788,854$4,313,759$24,294,878
97$46,964,189$8,056,973$4,344,736$26,443,120
98$51,637,426$8,334,655$4,373,174$28,801,732
99$56,783,644$8,622,254$4,398,876$31,391,944
100$62,450,971$8,920,139$4,421,634$34,237,147