Can I retire at age 67 with 2,850,000?

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 $2,850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$235,350$233,254$231,209$229,212$227,263$224,423
2 years$116,510$114,340$112,237$110,198$108,220$105,363
3 years$76,902$74,723$72,625$70,605$68,660$65,873
4 years$57,102$54,929$52,852$50,867$48,969$46,275
5 years$45,225$43,065$41,016$39,071$37,225$34,632
6 years$37,309$35,166$33,147$31,245$29,455$26,965
7 years$31,657$29,532$27,545$25,688$23,955$21,569
8 years$27,421$25,315$23,360$21,549$19,873$17,592
9 years$24,127$22,041$20,120$18,355$16,736$14,558
10 years$21,494$19,428$17,541$15,822$14,260$12,184
11 years$19,341$17,296$15,443$13,770$12,264$10,288
12 years$17,548$15,524$13,705$12,078$10,628$8,749
13 years$16,032$14,029$12,245$10,663$9,267$7,485
14 years$14,733$12,752$11,002$9,466$8,124$6,434
15 years$13,609$11,649$9,933$8,442$7,153$5,553
16 years$12,627$10,688$9,006$7,559$6,322$4,809
17 years$11,760$9,843$8,195$6,791$5,605$4,176
18 years$10,991$9,095$7,481$6,120$4,984$3,636
19 years$10,304$8,429$6,849$5,530$4,442$3,172
20 years$9,686$7,833$6,285$5,009$3,968$2,772
21 years$9,128$7,296$5,781$4,546$3,551$2,427
22 years$8,621$6,811$5,328$4,133$3,183$2,127
23 years$8,159$6,370$4,920$3,764$2,857$1,867
24 years$7,736$5,968$4,550$3,433$2,568$1,640
25 years$7,348$5,601$4,214$3,135$2,311$1,442
26 years$6,990$5,264$3,908$2,867$2,082$1,269
27 years$6,659$4,954$3,629$2,624$1,877$1,117
28 years$6,352$4,668$3,374$2,404$1,693$985
29 years$6,067$4,404$3,140$2,205$1,529$868
30 years$5,801$4,159$2,925$2,023$1,382$765
31 years$5,553$3,932$2,726$1,858$1,249$675
32 years$5,321$3,720$2,544$1,708$1,130$596
33 years$5,104$3,523$2,375$1,570$1,023$526
34 years$4,900$3,339$2,219$1,445$926$465
35 years$4,708$3,167$2,075$1,330$839$411
36 years$4,526$3,006$1,941$1,225$760$363
37 years$4,356$2,855$1,817$1,129$689$321
38 years$4,194$2,713$1,701$1,040$624$283
39 years$4,041$2,580$1,594$959$566$250
40 years$3,896$2,455$1,494$885$513$221
41 years$3,759$2,337$1,401$816$466$196
42 years$3,628$2,225$1,314$753$423$173
43 years$3,504$2,120$1,233$695$384$153
44 years$3,386$2,021$1,157$642$348$135
45 years$3,274$1,927$1,087$593$316$120
46 years$3,166$1,839$1,021$548$287$106
47 years$3,064$1,755$959$506$261$94
48 years$2,966$1,675$901$468$237$83
49 years$2,872$1,599$847$432$215$73
50 years$2,783$1,528$796$399$195$65

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,850,000, adding $2,400 every year, while hoping to spend $59,752 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: 69/20/11 Blend
66$2,850,000$2,850,000$2,850,000$2,850,000
67$3,143,176$2,992,126$2,947,951$3,352,686
68$3,400,204$3,075,164$2,983,131$3,575,085
69$3,681,446$3,160,269$3,017,488$3,810,865
70$3,989,310$3,247,478$3,050,930$4,067,230
71$4,326,445$3,336,830$3,083,361$4,346,192
72$4,695,769$3,428,362$3,114,681$4,649,968
73$5,100,498$3,522,111$3,144,783$4,980,996
74$5,544,170$3,618,116$3,173,555$5,341,965
75$6,030,685$3,716,414$3,200,878$5,735,832
76$6,564,336$3,817,039$3,226,629$6,165,857
77$7,149,853$3,920,029$3,250,675$6,635,629
78$7,792,445$4,025,417$3,272,880$7,149,100
79$8,497,851$4,133,239$3,293,098$7,710,625
80$9,272,391$4,243,527$3,311,176$8,325,000
81$10,123,029$4,356,314$3,326,955$8,997,508
82$11,057,435$4,471,630$3,340,264$9,733,969
83$12,084,058$4,589,505$3,350,929$10,540,795
84$13,212,209$4,709,967$3,358,761$11,425,049
85$14,452,141$4,833,043$3,363,567$12,394,512
86$15,815,154$4,958,756$3,365,140$13,457,757
87$17,313,694$5,087,129$3,363,267$14,624,230
88$18,961,474$5,218,183$3,357,720$15,904,337
89$20,773,605$5,351,934$3,348,264$17,309,544
90$22,766,732$5,488,398$3,334,651$18,852,482
91$24,959,196$5,627,587$3,316,619$20,547,072
92$27,371,205$5,769,509$3,293,896$22,408,650
93$30,025,022$5,914,170$3,266,196$24,454,114
94$32,945,181$6,061,570$3,233,220$26,702,084
95$36,158,710$6,211,708$3,194,653$29,173,078
96$39,695,392$6,364,576$3,150,168$31,889,703
97$43,588,044$6,520,162$3,099,421$34,876,871
98$47,872,824$6,678,449$3,042,050$38,162,031
99$52,589,573$6,839,414$2,977,680$41,775,431
100$57,782,192$7,003,028$2,905,916$45,750,402