Can I retire at age 67 with 2,890,000?

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 $2,890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$238,653$236,528$234,454$232,429$230,453$227,290
2 years$118,145$115,945$113,812$111,745$109,739$106,559
3 years$77,981$75,771$73,644$71,596$69,623$66,524
4 years$57,903$55,700$53,594$51,581$49,656$46,661
5 years$45,859$43,669$41,591$39,619$37,748$34,866
6 years$37,833$35,659$33,612$31,684$29,868$27,104
7 years$32,102$29,947$27,932$26,049$24,291$21,644
8 years$27,805$25,670$23,688$21,852$20,152$17,622
9 years$24,466$22,350$20,403$18,613$16,971$14,557
10 years$21,795$19,701$17,788$16,044$14,460$12,161
11 years$19,612$17,538$15,660$13,964$12,436$10,249
12 years$17,794$15,741$13,898$12,248$10,777$8,700
13 years$16,257$14,226$12,417$10,813$9,398$7,428
14 years$14,940$12,931$11,156$9,599$8,238$6,372
15 years$13,800$11,812$10,073$8,560$7,253$5,488
16 years$12,804$10,838$9,132$7,665$6,410$4,743
17 years$11,925$9,981$8,310$6,887$5,684$4,110
18 years$11,146$9,223$7,586$6,206$5,054$3,571
19 years$10,449$8,548$6,945$5,608$4,505$3,109
20 years$9,822$7,943$6,374$5,079$4,024$2,711
21 years$9,256$7,399$5,862$4,610$3,601$2,368
22 years$8,742$6,906$5,403$4,191$3,228$2,071
23 years$8,274$6,459$4,989$3,817$2,897$1,813
24 years$7,845$6,052$4,614$3,481$2,604$1,589
25 years$7,451$5,679$4,273$3,179$2,343$1,394
26 years$7,088$5,338$3,963$2,907$2,111$1,224
27 years$6,752$5,024$3,680$2,661$1,903$1,075
28 years$6,441$4,734$3,421$2,438$1,717$945
29 years$6,152$4,466$3,184$2,236$1,551$831
30 years$5,883$4,217$2,966$2,052$1,401$731
31 years$5,631$3,987$2,765$1,884$1,267$643
32 years$5,396$3,772$2,580$1,732$1,146$566
33 years$5,176$3,572$2,409$1,593$1,037$499
34 years$4,968$3,386$2,250$1,465$939$439
35 years$4,774$3,211$2,104$1,349$850$387
36 years$4,590$3,048$1,968$1,242$770$341
37 years$4,417$2,895$1,842$1,145$698$301
38 years$4,253$2,751$1,725$1,055$633$265
39 years$4,098$2,616$1,616$973$574$234
40 years$3,951$2,489$1,515$897$521$206
41 years$3,812$2,369$1,421$828$472$182
42 years$3,679$2,257$1,332$764$429$160
43 years$3,554$2,150$1,250$705$389$141
44 years$3,434$2,049$1,174$651$353$125
45 years$3,320$1,954$1,102$601$321$110
46 years$3,211$1,864$1,035$555$291$97
47 years$3,107$1,779$972$513$264$86
48 years$3,007$1,698$914$474$240$76
49 years$2,913$1,622$859$438$218$67
50 years$2,822$1,549$808$405$198$59

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,890,000, adding $4,482 every year, while hoping to spend $44,629 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: 84/7/9 Blend
66$2,890,000$2,890,000$2,890,000$2,890,000
67$3,189,403$3,036,233$2,991,438$3,453,140
68$3,467,237$3,137,524$3,044,166$3,727,468
69$3,771,915$3,242,282$3,097,165$4,022,262
70$4,106,127$3,350,630$3,150,397$4,344,685
71$4,472,837$3,462,696$3,203,820$4,697,485
72$4,875,309$3,578,611$3,257,391$5,083,692
73$5,317,141$3,698,513$3,311,064$5,506,640
74$5,802,292$3,822,543$3,364,788$5,970,000
75$6,335,128$3,950,850$3,418,510$6,477,820
76$6,920,454$4,083,584$3,472,173$7,034,554
77$7,563,566$4,220,906$3,525,717$7,645,111
78$8,270,299$4,362,979$3,579,077$8,314,897
79$9,047,079$4,509,975$3,632,186$9,049,868
80$9,900,986$4,662,068$3,684,969$9,856,584
81$10,839,821$4,819,445$3,737,350$10,742,274
82$11,872,180$4,982,294$3,789,248$11,714,899
83$13,007,529$5,150,814$3,840,575$12,783,231
84$14,256,303$5,325,209$3,891,240$13,956,933
85$15,629,995$5,505,694$3,941,146$15,246,654
86$17,141,269$5,692,487$3,990,189$16,664,121
87$18,804,078$5,885,819$4,038,260$18,222,260
88$20,633,799$6,085,929$4,085,246$19,935,308
89$22,647,369$6,293,062$4,131,025$21,818,954
90$24,863,454$6,507,476$4,175,468$23,890,482
91$27,302,621$6,729,437$4,218,441$26,168,939
92$29,987,531$6,959,222$4,259,801$28,675,307
93$32,943,152$7,197,117$4,299,397$31,432,709
94$36,197,000$7,443,421$4,337,073$34,466,620
95$39,779,389$7,698,444$4,372,660$37,805,111
96$43,723,726$7,962,508$4,405,984$41,479,113
97$48,066,821$8,235,946$4,436,860$45,522,709
98$52,849,236$8,519,105$4,465,093$49,973,451
99$58,115,663$8,812,347$4,490,479$54,872,721
100$63,915,354$9,116,046$4,512,803$60,266,117