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%15.2%
1 years$237,828$235,709$233,642$231,625$229,655$224,743
2 years$117,736$115,544$113,419$111,358$109,360$104,434
3 years$77,711$75,509$73,389$71,348$69,382$64,598
4 years$57,703$55,507$53,409$51,402$49,484$44,877
5 years$45,701$43,518$41,447$39,482$37,617$33,201
6 years$37,702$35,536$33,496$31,574$29,765$25,545
7 years$31,991$29,843$27,835$25,959$24,207$20,183
8 years$27,709$25,581$23,606$21,776$20,082$16,253
9 years$24,381$22,273$20,332$18,548$16,912$13,275
10 years$21,720$19,632$17,726$15,989$14,410$10,961
11 years$19,544$17,478$15,606$13,915$12,393$9,129
12 years$17,732$15,687$13,850$12,205$10,739$7,654
13 years$16,200$14,176$12,374$10,776$9,365$6,454
14 years$14,888$12,886$11,118$9,565$8,209$5,466
15 years$13,752$11,772$10,038$8,531$7,228$4,647
16 years$12,759$10,800$9,101$7,638$6,388$3,962
17 years$11,884$9,947$8,281$6,863$5,664$3,388
18 years$11,107$9,191$7,560$6,185$5,036$2,903
19 years$10,413$8,518$6,921$5,589$4,489$2,492
20 years$9,788$7,916$6,351$5,062$4,010$2,142
21 years$9,224$7,373$5,842$4,594$3,588$1,844
22 years$8,712$6,882$5,384$4,177$3,216$1,590
23 years$8,245$6,437$4,972$3,804$2,887$1,372
24 years$7,818$6,031$4,598$3,469$2,595$1,184
25 years$7,425$5,660$4,259$3,168$2,335$1,023
26 years$7,063$5,319$3,950$2,897$2,103$885
27 years$6,729$5,006$3,668$2,652$1,896$765
28 years$6,419$4,717$3,409$2,429$1,711$663
29 years$6,131$4,450$3,173$2,228$1,545$574
30 years$5,862$4,203$2,955$2,045$1,396$497
31 years$5,612$3,973$2,755$1,878$1,262$430
32 years$5,377$3,759$2,571$1,726$1,142$373
33 years$5,158$3,560$2,400$1,587$1,033$323
34 years$4,951$3,374$2,243$1,460$936$280
35 years$4,757$3,200$2,097$1,344$847$243
36 years$4,574$3,038$1,961$1,238$768$211
37 years$4,401$2,885$1,836$1,141$696$183
38 years$4,238$2,742$1,719$1,051$631$159
39 years$4,084$2,607$1,611$969$572$138
40 years$3,937$2,480$1,510$894$519$119
41 years$3,799$2,361$1,416$825$471$104
42 years$3,667$2,249$1,328$761$427$90
43 years$3,541$2,143$1,246$703$388$78
44 years$3,422$2,042$1,170$649$352$68
45 years$3,308$1,948$1,098$599$319$59
46 years$3,200$1,858$1,031$554$290$51
47 years$3,096$1,773$969$511$263$44
48 years$2,997$1,693$911$473$239$38
49 years$2,902$1,616$856$437$217$33
50 years$2,812$1,544$805$404$197$29

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 $6,024 every year, while hoping to spend $57,896 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: 48/41/11 Blend
66$2,880,000$2,880,000$2,880,000$2,880,000
67$3,179,974$3,027,334$2,982,694$3,322,740
68$3,442,730$3,114,072$3,021,013$3,508,322
69$3,730,347$3,203,120$3,058,676$3,703,182
70$4,045,300$3,294,530$3,095,598$3,913,437
71$4,390,313$3,388,355$3,131,694$4,140,542
72$4,768,388$3,484,647$3,166,868$4,386,096
73$5,182,830$3,583,461$3,201,024$4,651,861
74$5,637,278$3,684,851$3,234,059$4,939,773
75$6,135,744$3,788,872$3,265,863$5,251,965
76$6,682,642$3,895,578$3,296,321$5,590,784
77$7,282,836$4,005,027$3,325,313$5,958,813
78$7,941,686$4,117,273$3,352,711$6,358,895
79$8,665,092$4,232,374$3,378,381$6,794,162
80$9,459,556$4,350,385$3,402,182$7,268,061
81$10,332,239$4,471,363$3,423,964$7,784,389
82$11,291,033$4,595,365$3,443,572$8,347,325
83$12,344,628$4,722,448$3,460,842$8,961,472
84$13,502,601$4,852,667$3,475,600$9,631,902
85$14,775,499$4,986,081$3,487,665$10,364,198
86$16,174,945$5,122,744$3,496,847$11,164,509
87$17,713,743$5,262,713$3,502,946$12,039,611
88$19,406,001$5,406,042$3,505,751$12,996,965
89$21,267,261$5,552,786$3,505,041$14,044,793
90$23,314,648$5,702,999$3,500,586$15,192,148
91$25,567,030$5,856,733$3,492,143$16,449,006
92$28,045,194$6,014,040$3,479,457$17,826,358
93$30,772,046$6,174,971$3,462,262$19,336,311
94$33,772,824$6,339,573$3,440,277$20,992,203
95$37,075,335$6,507,896$3,413,209$22,808,732
96$40,710,220$6,679,983$3,380,752$24,802,090
97$44,711,238$6,855,878$3,342,583$26,990,117
98$49,115,591$7,035,622$3,298,366$29,392,469
99$53,964,267$7,219,254$3,247,747$32,030,806
100$59,302,433$7,406,808$3,190,357$34,928,993