Can I retire at age 67 with 2,870,000?

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 $2,870,000?

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$237,002$234,891$232,831$230,821$228,858$224,789
2 years$117,328$115,143$113,025$110,972$108,980$104,895
3 years$77,441$75,247$73,135$71,101$69,141$65,167
4 years$57,502$55,314$53,223$51,224$49,312$45,479
5 years$45,542$43,367$41,303$39,345$37,486$33,805
6 years$37,571$35,413$33,379$31,464$29,662$26,137
7 years$31,880$29,739$27,738$25,869$24,123$20,756
8 years$27,613$25,492$23,524$21,701$20,012$16,802
9 years$24,296$22,196$20,261$18,484$16,853$13,797
10 years$21,645$19,564$17,664$15,933$14,360$11,456
11 years$19,476$17,417$15,551$13,867$12,350$9,595
12 years$17,671$15,632$13,802$12,163$10,702$8,092
13 years$16,144$14,127$12,331$10,738$9,332$6,864
14 years$14,837$12,841$11,079$9,532$8,181$5,849
15 years$13,705$11,731$10,003$8,501$7,203$5,003
16 years$12,715$10,763$9,069$7,612$6,366$4,294
17 years$11,843$9,912$8,253$6,839$5,645$3,695
18 years$11,068$9,159$7,534$6,163$5,019$3,187
19 years$10,376$8,489$6,897$5,569$4,473$2,754
20 years$9,754$7,888$6,329$5,044$3,996$2,384
21 years$9,192$7,347$5,822$4,578$3,576$2,066
22 years$8,682$6,859$5,366$4,162$3,205$1,793
23 years$8,216$6,415$4,954$3,791$2,877$1,558
24 years$7,791$6,010$4,582$3,457$2,586$1,355
25 years$7,399$5,640$4,244$3,157$2,327$1,179
26 years$7,039$5,301$3,936$2,887$2,096$1,027
27 years$6,706$4,989$3,655$2,642$1,890$895
28 years$6,397$4,701$3,398$2,421$1,705$780
29 years$6,110$4,435$3,162$2,220$1,540$681
30 years$5,842$4,188$2,945$2,038$1,391$594
31 years$5,592$3,959$2,746$1,871$1,258$518
32 years$5,359$3,746$2,562$1,720$1,138$453
33 years$5,140$3,548$2,392$1,581$1,030$395
34 years$4,934$3,362$2,235$1,455$932$345
35 years$4,741$3,189$2,089$1,340$844$302
36 years$4,558$3,027$1,955$1,234$765$264
37 years$4,386$2,875$1,829$1,137$693$230
38 years$4,224$2,732$1,713$1,048$629$201
39 years$4,070$2,598$1,605$966$570$176
40 years$3,924$2,472$1,504$891$517$154
41 years$3,785$2,353$1,411$822$469$135
42 years$3,654$2,241$1,323$759$426$118
43 years$3,529$2,135$1,242$700$386$103
44 years$3,410$2,035$1,166$647$351$90
45 years$3,297$1,941$1,094$597$318$79
46 years$3,188$1,851$1,028$552$289$69
47 years$3,085$1,767$966$510$262$60
48 years$2,987$1,687$907$471$238$53
49 years$2,892$1,611$853$435$216$46
50 years$2,802$1,539$802$402$197$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,870,000, adding $2,551 every year, while hoping to spend $22,484 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: 64/7/29 Blend
66$2,870,000$2,870,000$2,870,000$2,870,000
67$3,165,371$3,013,261$2,968,776$3,343,317
68$3,464,316$3,136,988$3,044,308$3,587,963
69$3,793,000$3,266,024$3,121,615$3,852,482
70$4,154,433$3,400,606$3,200,736$4,141,050
71$4,551,929$3,540,980$3,281,705$4,456,034
72$4,989,144$3,687,406$3,364,560$4,800,042
73$5,470,101$3,840,153$3,449,337$5,175,944
74$5,999,235$3,999,505$3,536,074$5,586,899
75$6,581,434$4,165,757$3,624,809$6,036,386
76$7,222,081$4,339,220$3,715,581$6,528,238
77$7,927,108$4,520,216$3,808,427$7,066,673
78$8,703,051$4,709,085$3,903,388$7,656,338
79$9,557,113$4,906,181$4,000,503$8,302,351
80$10,497,230$5,111,875$4,099,810$9,010,348
81$11,532,145$5,326,555$4,201,352$9,786,536
82$12,671,493$5,550,626$4,305,167$10,637,753
83$13,925,892$5,784,513$4,411,296$11,571,529
84$15,307,040$6,028,661$4,519,781$12,596,162
85$16,827,827$6,283,534$4,630,663$13,720,787
86$18,502,457$6,549,619$4,743,982$14,955,473
87$20,346,583$6,827,426$4,859,781$16,311,307
88$22,377,451$7,117,486$4,978,100$17,800,506
89$24,614,067$7,420,359$5,098,982$19,436,526
90$27,077,372$7,736,626$5,222,468$21,234,193
91$29,790,443$8,066,900$5,348,600$23,209,841
92$32,778,710$8,411,820$5,477,420$25,381,462
93$36,070,193$8,772,054$5,608,968$27,768,883
94$39,695,772$9,148,304$5,743,288$30,393,945
95$43,689,471$9,541,302$5,880,419$33,280,712
96$48,088,787$9,951,815$6,020,403$36,455,698
97$52,935,038$10,380,649$6,163,281$39,948,114
98$58,273,754$10,828,642$6,309,092$43,790,147
99$64,155,108$11,296,677$6,457,878$48,017,259
100$70,634,389$11,785,674$6,609,677$52,668,525