Can I retire at age 67 with 2,860,000?

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 $2,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$236,176$234,072$232,020$230,017$228,060$224,006
2 years$116,919$114,741$112,631$110,585$108,600$104,529
3 years$77,172$74,985$72,880$70,853$68,900$64,940
4 years$57,302$55,122$53,038$51,045$49,140$45,320
5 years$45,383$43,216$41,159$39,208$37,356$33,687
6 years$37,440$35,289$33,263$31,355$29,558$26,046
7 years$31,769$29,636$27,642$25,779$24,039$20,683
8 years$27,517$25,403$23,442$21,625$19,943$16,743
9 years$24,212$22,118$20,191$18,420$16,794$13,749
10 years$21,569$19,496$17,603$15,878$14,310$11,416
11 years$19,408$17,356$15,497$13,819$12,307$9,561
12 years$17,609$15,578$13,753$12,121$10,665$8,064
13 years$16,088$14,078$12,288$10,701$9,300$6,840
14 years$14,785$12,796$11,041$9,499$8,152$5,828
15 years$13,657$11,690$9,968$8,471$7,178$4,986
16 years$12,671$10,725$9,038$7,585$6,344$4,279
17 years$11,802$9,878$8,224$6,815$5,625$3,682
18 years$11,030$9,127$7,507$6,142$5,001$3,176
19 years$10,340$8,459$6,873$5,550$4,458$2,744
20 years$9,720$7,861$6,307$5,026$3,982$2,375
21 years$9,160$7,322$5,802$4,562$3,563$2,059
22 years$8,651$6,835$5,347$4,148$3,194$1,787
23 years$8,188$6,392$4,937$3,777$2,867$1,553
24 years$7,763$5,989$4,566$3,445$2,577$1,350
25 years$7,374$5,621$4,229$3,146$2,319$1,175
26 years$7,014$5,282$3,922$2,877$2,089$1,023
27 years$6,682$4,971$3,642$2,633$1,883$892
28 years$6,374$4,684$3,386$2,413$1,699$778
29 years$6,088$4,419$3,151$2,212$1,534$678
30 years$5,822$4,174$2,935$2,030$1,386$592
31 years$5,573$3,945$2,736$1,865$1,253$517
32 years$5,340$3,733$2,553$1,714$1,134$451
33 years$5,122$3,535$2,384$1,576$1,026$394
34 years$4,917$3,351$2,227$1,450$929$344
35 years$4,724$3,178$2,082$1,335$841$301
36 years$4,542$3,016$1,948$1,229$762$263
37 years$4,371$2,865$1,823$1,133$691$230
38 years$4,209$2,723$1,707$1,044$626$201
39 years$4,055$2,589$1,599$963$568$175
40 years$3,910$2,463$1,499$888$515$153
41 years$3,772$2,345$1,406$819$467$134
42 years$3,641$2,233$1,319$756$424$117
43 years$3,517$2,128$1,237$698$385$103
44 years$3,398$2,028$1,162$644$349$90
45 years$3,285$1,934$1,091$595$317$78
46 years$3,177$1,845$1,024$550$288$69
47 years$3,075$1,761$962$508$262$60
48 years$2,976$1,681$904$469$238$52
49 years$2,882$1,605$850$434$216$46
50 years$2,792$1,533$799$401$196$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,860,000, adding $4,207 every year, while hoping to spend $50,542 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: 71/21/8 Blend
66$2,860,000$2,860,000$2,860,000$2,860,000
67$3,156,060$3,004,480$2,960,150$3,375,595
68$3,424,201$3,097,923$3,005,538$3,614,695
69$3,718,000$3,194,251$3,050,754$3,869,672
70$4,040,018$3,293,551$3,095,736$4,147,369
71$4,393,080$3,395,916$3,140,423$4,450,010
72$4,780,295$3,501,436$3,184,749$4,780,043
73$5,205,088$3,610,210$3,228,641$5,140,165
74$5,671,233$3,722,335$3,272,026$5,533,341
75$6,182,883$3,837,915$3,314,823$5,962,840
76$6,744,617$3,957,053$3,356,950$6,432,260
77$7,361,477$4,079,857$3,398,317$6,945,562
78$8,039,018$4,206,440$3,438,830$7,507,109
79$8,783,357$4,336,915$3,478,391$8,121,706
80$9,601,237$4,471,401$3,516,894$8,794,644
81$10,500,083$4,610,020$3,554,229$9,531,752
82$11,488,075$4,752,895$3,590,280$10,339,448
83$12,574,228$4,900,156$3,624,924$11,224,804
84$13,768,471$5,051,936$3,658,031$12,195,607
85$15,081,745$5,208,370$3,689,465$13,260,436
86$16,526,103$5,369,600$3,719,081$14,428,741
87$18,114,825$5,535,769$3,746,730$15,710,933
88$19,862,542$5,707,028$3,772,251$17,118,480
89$21,785,377$5,883,528$3,795,477$18,664,015
90$23,901,093$6,065,428$3,816,233$20,361,457
91$26,229,260$6,252,889$3,834,332$22,226,140
92$28,791,443$6,446,079$3,849,580$24,274,957
93$31,611,402$6,645,169$3,861,774$26,526,520
94$34,715,320$6,850,337$3,870,698$29,001,335
95$38,132,043$7,061,764$3,876,126$31,721,996
96$41,893,358$7,279,637$3,877,823$34,713,394
97$46,034,290$7,504,149$3,875,540$38,002,956
98$50,593,434$7,735,499$3,869,017$41,620,901
99$55,613,315$7,973,889$3,857,980$45,600,526
100$61,140,794$8,219,530$3,842,143$49,978,517