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

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 $2,870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$237,002$234,891$232,831$230,821$228,858$226,374
2 years$117,328$115,143$113,025$110,972$108,980$106,479
3 years$77,441$75,247$73,135$71,101$69,141$66,701
4 years$57,502$55,314$53,223$51,224$49,312$46,951
5 years$45,542$43,367$41,303$39,345$37,486$35,211
6 years$37,571$35,413$33,379$31,464$29,662$27,476
7 years$31,880$29,739$27,738$25,869$24,123$22,027
8 years$27,613$25,492$23,524$21,701$20,012$18,006
9 years$24,296$22,196$20,261$18,484$16,853$14,936
10 years$21,645$19,564$17,664$15,933$14,360$12,530
11 years$19,476$17,417$15,551$13,867$12,350$10,607
12 years$17,671$15,632$13,802$12,163$10,702$9,044
13 years$16,144$14,127$12,331$10,738$9,332$7,756
14 years$14,837$12,841$11,079$9,532$8,181$6,685
15 years$13,705$11,731$10,003$8,501$7,203$5,785
16 years$12,715$10,763$9,069$7,612$6,366$5,024
17 years$11,843$9,912$8,253$6,839$5,645$4,375
18 years$11,068$9,159$7,534$6,163$5,019$3,820
19 years$10,376$8,489$6,897$5,569$4,473$3,343
20 years$9,754$7,888$6,329$5,044$3,996$2,930
21 years$9,192$7,347$5,822$4,578$3,576$2,573
22 years$8,682$6,859$5,366$4,162$3,205$2,262
23 years$8,216$6,415$4,954$3,791$2,877$1,991
24 years$7,791$6,010$4,582$3,457$2,586$1,755
25 years$7,399$5,640$4,244$3,157$2,327$1,548
26 years$7,039$5,301$3,936$2,887$2,096$1,366
27 years$6,706$4,989$3,655$2,642$1,890$1,207
28 years$6,397$4,701$3,398$2,421$1,705$1,067
29 years$6,110$4,435$3,162$2,220$1,540$943
30 years$5,842$4,188$2,945$2,038$1,391$835
31 years$5,592$3,959$2,746$1,871$1,258$739
32 years$5,359$3,746$2,562$1,720$1,138$654
33 years$5,140$3,548$2,392$1,581$1,030$580
34 years$4,934$3,362$2,235$1,455$932$514
35 years$4,741$3,189$2,089$1,340$844$455
36 years$4,558$3,027$1,955$1,234$765$404
37 years$4,386$2,875$1,829$1,137$693$358
38 years$4,224$2,732$1,713$1,048$629$317
39 years$4,070$2,598$1,605$966$570$281
40 years$3,924$2,472$1,504$891$517$250
41 years$3,785$2,353$1,411$822$469$222
42 years$3,654$2,241$1,323$759$426$197
43 years$3,529$2,135$1,242$700$386$174
44 years$3,410$2,035$1,166$647$351$155
45 years$3,297$1,941$1,094$597$318$137
46 years$3,188$1,851$1,028$552$289$122
47 years$3,085$1,767$966$510$262$108
48 years$2,987$1,687$907$471$238$96
49 years$2,892$1,611$853$435$216$85
50 years$2,802$1,539$802$402$197$76

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 $2,359 every year, while hoping to spend $50,138 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: 70/16/14 Blend
66$2,870,000$2,870,000$2,870,000$2,870,000
67$3,165,173$3,013,063$2,968,578$3,376,647
68$3,434,675$3,107,357$3,014,679$3,611,718
69$3,729,984$3,204,591$3,060,644$3,862,632
70$4,053,683$3,304,855$3,106,416$4,135,929
71$4,408,610$3,408,245$3,151,932$4,433,809
72$4,797,896$3,514,857$3,197,130$4,758,692
73$5,224,987$3,624,790$3,241,939$5,113,244
74$5,693,678$3,738,148$3,286,287$5,500,400
75$6,208,152$3,855,036$3,330,096$5,923,392
76$6,773,015$3,975,563$3,373,285$6,385,781
77$7,393,340$4,099,843$3,415,768$6,891,486
78$8,074,716$4,227,992$3,457,452$7,444,826
79$8,823,302$4,360,128$3,498,241$8,050,557
80$9,645,879$4,496,375$3,538,033$8,713,917
81$10,549,922$4,636,860$3,576,720$9,440,676
82$11,543,662$4,781,714$3,614,188$10,237,192
83$12,636,169$4,931,072$3,650,317$11,110,466
84$13,837,436$5,085,072$3,684,980$12,068,211
85$15,158,472$5,243,859$3,718,045$13,118,925
86$16,611,408$5,407,578$3,749,370$14,271,969
87$18,209,605$5,576,384$3,778,808$15,537,657
88$19,967,790$5,750,432$3,806,203$16,927,351
89$21,902,185$5,929,883$3,831,392$18,453,569
90$24,030,665$6,114,905$3,854,200$20,130,103
91$26,372,925$6,305,668$3,874,449$21,972,149
92$28,950,667$6,502,349$3,891,946$23,996,449
93$31,787,801$6,705,130$3,906,492$26,221,451
94$34,910,674$6,914,198$3,917,877$28,667,478
95$38,348,316$7,129,747$3,925,879$31,356,927
96$42,132,715$7,351,976$3,930,267$34,314,473
97$46,299,119$7,581,089$3,930,798$37,567,304
98$50,886,365$7,817,299$3,927,215$41,145,379
99$55,937,249$8,060,822$3,919,252$45,081,709
100$61,498,929$8,311,882$3,906,627$49,412,669