Can I retire at age 67 with 2,880,000?

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 $2,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$237,828$235,709$233,642$231,625$229,655$225,665
2 years$117,736$115,544$113,419$111,358$109,360$105,352
3 years$77,711$75,509$73,389$71,348$69,382$65,483
4 years$57,703$55,507$53,409$51,402$49,484$45,723
5 years$45,701$43,518$41,447$39,482$37,617$34,004
6 years$37,702$35,536$33,496$31,574$29,765$26,305
7 years$31,991$29,843$27,835$25,959$24,207$20,901
8 years$27,709$25,581$23,606$21,776$20,082$16,929
9 years$24,381$22,273$20,332$18,548$16,912$13,910
10 years$21,720$19,632$17,726$15,989$14,410$11,557
11 years$19,544$17,478$15,606$13,915$12,393$9,685
12 years$17,732$15,687$13,850$12,205$10,739$8,174
13 years$16,200$14,176$12,374$10,776$9,365$6,938
14 years$14,888$12,886$11,118$9,565$8,209$5,916
15 years$13,752$11,772$10,038$8,531$7,228$5,064
16 years$12,759$10,800$9,101$7,638$6,388$4,349
17 years$11,884$9,947$8,281$6,863$5,664$3,745
18 years$11,107$9,191$7,560$6,185$5,036$3,232
19 years$10,413$8,518$6,921$5,589$4,489$2,795
20 years$9,788$7,916$6,351$5,062$4,010$2,421
21 years$9,224$7,373$5,842$4,594$3,588$2,101
22 years$8,712$6,882$5,384$4,177$3,216$1,825
23 years$8,245$6,437$4,972$3,804$2,887$1,586
24 years$7,818$6,031$4,598$3,469$2,595$1,381
25 years$7,425$5,660$4,259$3,168$2,335$1,203
26 years$7,063$5,319$3,950$2,897$2,103$1,048
27 years$6,729$5,006$3,668$2,652$1,896$914
28 years$6,419$4,717$3,409$2,429$1,711$798
29 years$6,131$4,450$3,173$2,228$1,545$696
30 years$5,862$4,203$2,955$2,045$1,396$608
31 years$5,612$3,973$2,755$1,878$1,262$531
32 years$5,377$3,759$2,571$1,726$1,142$464
33 years$5,158$3,560$2,400$1,587$1,033$406
34 years$4,951$3,374$2,243$1,460$936$355
35 years$4,757$3,200$2,097$1,344$847$310
36 years$4,574$3,038$1,961$1,238$768$271
37 years$4,401$2,885$1,836$1,141$696$237
38 years$4,238$2,742$1,719$1,051$631$208
39 years$4,084$2,607$1,611$969$572$182
40 years$3,937$2,480$1,510$894$519$159
41 years$3,799$2,361$1,416$825$471$139
42 years$3,667$2,249$1,328$761$427$122
43 years$3,541$2,143$1,246$703$388$107
44 years$3,422$2,042$1,170$649$352$93
45 years$3,308$1,948$1,098$599$319$82
46 years$3,200$1,858$1,031$554$290$71
47 years$3,096$1,773$969$511$263$63
48 years$2,997$1,693$911$473$239$55
49 years$2,902$1,616$856$437$217$48
50 years$2,812$1,544$805$404$197$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,880,000, adding $5,312 every year, while hoping to spend $54,540 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: 39/44/17 Blend
66$2,880,000$2,880,000$2,880,000$2,880,000
67$3,179,239$3,026,599$2,981,959$3,286,879
68$3,445,492$3,116,873$3,023,825$3,454,588
69$3,737,074$3,209,741$3,065,265$3,630,172
70$4,056,512$3,305,275$3,106,208$3,818,874
71$4,406,587$3,403,545$3,146,577$4,021,910
72$4,790,364$3,504,624$3,186,293$4,240,617
73$5,211,217$3,608,586$3,225,269$4,476,462
74$5,672,863$3,715,508$3,263,417$4,731,065
75$6,179,394$3,825,468$3,300,641$5,006,202
76$6,735,321$3,938,544$3,336,841$5,303,832
77$7,345,609$4,054,818$3,371,911$5,626,108
78$8,015,731$4,174,374$3,405,739$5,975,400
79$8,751,712$4,297,294$3,438,208$6,354,317
80$9,560,192$4,423,667$3,469,193$6,765,731
81$10,448,484$4,553,580$3,498,564$7,212,802
82$11,424,647$4,687,123$3,526,184$7,699,012
83$12,497,557$4,824,388$3,551,907$8,228,191
84$13,676,993$4,965,468$3,575,580$8,804,560
85$14,973,729$5,110,458$3,597,045$9,432,766
86$16,399,635$5,259,456$3,616,132$10,117,924
87$17,967,789$5,412,561$3,632,663$10,865,671
88$19,692,599$5,569,872$3,646,453$11,682,212
89$21,589,941$5,731,493$3,657,306$12,574,384
90$23,677,305$5,897,526$3,665,017$13,549,716
91$25,973,965$6,068,080$3,669,369$14,616,502
92$28,501,153$6,243,259$3,670,137$15,783,878
93$31,282,267$6,423,175$3,667,082$17,061,908
94$34,343,085$6,607,937$3,659,956$18,461,679
95$37,712,012$6,797,659$3,648,498$19,995,406
96$41,420,347$6,992,454$3,632,432$21,676,544
97$45,502,576$7,192,438$3,611,472$23,519,918
98$49,996,699$7,397,727$3,585,316$25,541,862
99$54,944,587$7,608,441$3,553,649$27,760,369
100$60,392,379$7,824,699$3,516,141$30,195,268