Can I retire at age 67 with 2,840,000?

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 $2,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$234,525$232,436$230,397$228,408$226,466$219,392
2 years$116,101$113,939$111,843$109,812$107,841$100,777
3 years$76,632$74,460$72,370$70,357$68,419$61,587
4 years$56,901$54,736$52,667$50,689$48,797$42,249
5 years$45,066$42,914$40,872$38,934$37,094$30,848
6 years$37,178$35,042$33,030$31,136$29,352$23,412
7 years$31,546$29,429$27,448$25,598$23,871$18,238
8 years$27,324$25,226$23,278$21,474$19,803$14,473
9 years$24,042$21,964$20,050$18,291$16,677$11,644
10 years$21,418$19,360$17,480$15,767$14,210$9,466
11 years$19,273$17,235$15,389$13,722$12,221$7,758
12 years$17,486$15,469$13,657$12,036$10,590$6,399
13 years$15,975$13,980$12,202$10,626$9,235$5,305
14 years$14,682$12,707$10,963$9,433$8,095$4,417
15 years$13,561$11,608$9,899$8,412$7,128$3,689
16 years$12,582$10,650$8,974$7,532$6,300$3,090
17 years$11,719$9,808$8,166$6,768$5,586$2,595
18 years$10,953$9,063$7,455$6,099$4,966$2,183
19 years$10,268$8,400$6,825$5,511$4,427$1,839
20 years$9,652$7,806$6,263$4,991$3,954$1,551
21 years$9,096$7,271$5,761$4,530$3,538$1,310
22 years$8,591$6,787$5,310$4,119$3,172$1,107
23 years$8,131$6,348$4,903$3,751$2,847$937
24 years$7,709$5,947$4,534$3,421$2,559$793
25 years$7,322$5,581$4,199$3,124$2,303$672
26 years$6,965$5,245$3,895$2,857$2,074$569
27 years$6,635$4,937$3,617$2,615$1,870$483
28 years$6,330$4,652$3,362$2,396$1,687$409
29 years$6,046$4,388$3,129$2,197$1,524$347
30 years$5,781$4,144$2,914$2,016$1,377$295
31 years$5,534$3,918$2,717$1,852$1,245$250
32 years$5,303$3,707$2,535$1,702$1,126$212
33 years$5,086$3,511$2,367$1,565$1,019$180
34 years$4,882$3,327$2,211$1,440$923$153
35 years$4,691$3,156$2,068$1,326$836$130
36 years$4,511$2,995$1,934$1,221$757$110
37 years$4,340$2,845$1,810$1,125$686$94
38 years$4,179$2,704$1,695$1,037$622$80
39 years$4,027$2,571$1,588$956$564$68
40 years$3,883$2,446$1,489$882$512$57
41 years$3,746$2,328$1,396$813$464$49
42 years$3,616$2,217$1,309$751$421$41
43 years$3,492$2,113$1,229$693$382$35
44 years$3,374$2,014$1,153$640$347$30
45 years$3,262$1,920$1,083$591$315$25
46 years$3,155$1,832$1,017$546$286$22
47 years$3,053$1,748$956$504$260$18
48 years$2,955$1,669$898$466$236$16
49 years$2,862$1,594$844$431$214$13
50 years$2,773$1,522$794$398$195$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,840,000, adding $3,878 every year, while hoping to spend $42,545 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: 83/7/10 Blend
66$2,840,000$2,840,000$2,840,000$2,840,000
67$3,133,680$2,983,160$2,939,140$3,388,700
68$3,408,048$3,084,067$2,992,334$3,657,065
69$3,708,975$3,188,493$3,045,884$3,945,644
70$4,039,127$3,296,565$3,099,756$4,261,258
71$4,401,436$3,408,415$3,153,917$4,606,598
72$4,799,136$3,524,181$3,208,326$4,984,625
73$5,235,787$3,644,005$3,262,945$5,398,603
74$5,715,312$3,768,036$3,317,727$5,852,127
75$6,242,030$3,896,426$3,372,628$6,349,154
76$6,820,702$4,029,336$3,427,596$6,894,044
77$7,456,571$4,166,931$3,482,578$7,491,601
78$8,155,414$4,309,383$3,537,516$8,147,115
79$8,923,594$4,456,871$3,592,351$8,866,414
80$9,768,123$4,609,580$3,647,017$9,655,917
81$10,696,725$4,767,702$3,701,446$10,522,698
82$11,717,910$4,931,439$3,755,564$11,474,547
83$12,841,055$5,100,998$3,809,293$12,520,047
84$14,076,490$5,276,595$3,862,552$13,668,657
85$15,435,598$5,458,453$3,915,253$14,930,793
86$16,930,919$5,646,807$3,967,304$16,317,934
87$18,576,270$5,841,898$4,018,606$17,842,726
88$20,386,877$6,043,979$4,069,057$19,519,104
89$22,379,514$6,253,309$4,118,546$21,362,418
90$24,572,665$6,470,162$4,166,958$23,389,582
91$26,986,697$6,694,820$4,214,171$25,619,235
92$29,644,050$6,927,576$4,260,056$28,071,908
93$32,569,451$7,168,735$4,304,476$30,770,229
94$35,790,147$7,418,615$4,347,287$33,739,127
95$39,336,160$7,677,546$4,388,340$37,006,072
96$43,240,572$7,945,869$4,427,473$40,601,330
97$47,539,836$8,223,942$4,464,519$44,558,253
98$52,274,120$8,512,136$4,499,301$48,913,591
99$57,487,685$8,810,836$4,531,633$53,707,836
100$63,229,304$9,120,443$4,561,318$58,985,609