Can I retire at age 67 with 2,830,000?

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 $2,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$233,699$231,617$229,586$227,604$225,668$221,383
2 years$115,692$113,538$111,450$109,425$107,461$103,161
3 years$76,362$74,198$72,115$70,110$68,178$63,996
4 years$56,701$54,544$52,481$50,510$48,625$44,594
5 years$44,907$42,763$40,728$38,797$36,964$33,096
6 years$37,047$34,919$32,914$31,026$29,248$25,547
7 years$31,435$29,325$27,352$25,508$23,787$20,253
8 years$27,228$25,137$23,196$21,398$19,733$16,366
9 years$23,958$21,886$19,979$18,226$16,618$13,416
10 years$21,343$19,292$17,418$15,711$14,160$11,119
11 years$19,205$17,174$15,335$13,674$12,178$9,295
12 years$17,424$15,415$13,609$11,994$10,553$7,824
13 years$15,919$13,930$12,159$10,589$9,202$6,623
14 years$14,630$12,662$10,925$9,399$8,067$5,632
15 years$13,514$11,567$9,864$8,383$7,103$4,808
16 years$12,538$10,613$8,943$7,506$6,277$4,117
17 years$11,678$9,774$8,138$6,744$5,566$3,535
18 years$10,914$9,032$7,429$6,077$4,949$3,043
19 years$10,232$8,370$6,801$5,492$4,411$2,624
20 years$9,618$7,778$6,241$4,974$3,940$2,266
21 years$9,064$7,245$5,741$4,514$3,526$1,960
22 years$8,561$6,763$5,291$4,104$3,160$1,697
23 years$8,102$6,325$4,885$3,738$2,837$1,471
24 years$7,682$5,926$4,518$3,409$2,550$1,276
25 years$7,296$5,562$4,185$3,113$2,295$1,108
26 years$6,941$5,227$3,881$2,847$2,067$963
27 years$6,612$4,919$3,604$2,606$1,863$837
28 years$6,307$4,635$3,350$2,387$1,681$728
29 years$6,024$4,373$3,118$2,189$1,518$633
30 years$5,761$4,130$2,904$2,009$1,372$551
31 years$5,514$3,904$2,707$1,845$1,240$480
32 years$5,284$3,694$2,526$1,696$1,122$418
33 years$5,068$3,498$2,359$1,559$1,015$364
34 years$4,865$3,316$2,204$1,435$919$317
35 years$4,674$3,145$2,060$1,321$833$277
36 years$4,495$2,985$1,927$1,216$754$241
37 years$4,325$2,835$1,804$1,121$684$210
38 years$4,165$2,694$1,689$1,033$620$183
39 years$4,013$2,562$1,583$953$562$160
40 years$3,869$2,437$1,483$879$510$139
41 years$3,733$2,320$1,391$811$463$121
42 years$3,603$2,210$1,305$748$420$106
43 years$3,480$2,105$1,224$691$381$92
44 years$3,362$2,007$1,149$638$346$81
45 years$3,251$1,914$1,079$589$314$70
46 years$3,144$1,826$1,014$544$285$61
47 years$3,042$1,742$952$503$259$54
48 years$2,945$1,663$895$464$235$47
49 years$2,852$1,588$841$429$213$41
50 years$2,763$1,517$791$397$194$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,830,000, adding $2,399 every year, while hoping to spend $35,792 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: 81/12/7 Blend
66$2,830,000$2,830,000$2,830,000$2,830,000
67$3,121,135$2,971,145$2,927,280$3,371,544
68$3,401,408$3,078,648$2,987,261$3,643,278
69$3,709,069$3,190,220$3,048,052$3,936,454
70$4,046,875$3,306,021$3,109,643$4,257,132
71$4,417,861$3,426,221$3,172,020$4,608,040
72$4,825,370$3,550,993$3,235,170$4,992,186
73$5,273,088$3,680,521$3,299,078$5,412,879
74$5,765,071$3,814,996$3,363,726$5,873,766
75$6,305,792$3,954,615$3,429,095$6,378,860
76$6,900,177$4,099,584$3,495,163$6,932,583
77$7,553,651$4,250,120$3,561,907$7,539,805
78$8,272,193$4,406,446$3,629,301$8,205,888
79$9,062,392$4,568,796$3,697,317$8,936,741
80$9,931,503$4,737,414$3,765,924$9,738,869
81$10,887,522$4,912,554$3,835,089$10,619,440
82$11,939,261$5,094,481$3,904,776$11,586,348
83$13,096,425$5,283,470$3,974,945$12,648,290
84$14,369,710$5,479,809$4,045,555$13,814,847
85$15,770,899$5,683,798$4,116,560$15,096,571
86$17,312,977$5,895,751$4,187,912$16,505,088
87$19,010,251$6,115,993$4,259,557$18,053,206
88$20,878,484$6,344,864$4,331,440$19,755,035
89$22,935,047$6,582,720$4,403,500$21,626,121
90$25,199,078$6,829,929$4,475,673$23,683,590
91$27,691,667$7,086,879$4,547,891$25,946,309
92$30,436,051$7,353,970$4,620,081$28,435,068
93$33,457,838$7,631,625$4,692,163$31,172,771
94$36,785,243$7,920,279$4,764,055$34,184,652
95$40,449,355$8,220,391$4,835,669$37,498,516
96$44,484,436$8,532,436$4,906,910$41,144,996
97$48,928,237$8,856,914$4,977,680$45,157,845
98$53,822,356$9,194,341$5,047,871$49,574,255
99$59,212,634$9,545,262$5,117,372$54,435,203
100$65,149,582$9,910,239$5,186,064$59,785,840