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

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 $2,890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$238,653$236,528$234,454$232,429$230,453$228,141
2 years$118,145$115,945$113,812$111,745$109,739$107,411
3 years$77,981$75,771$73,644$71,596$69,623$67,350
4 years$57,903$55,700$53,594$51,581$49,656$47,456
5 years$45,859$43,669$41,591$39,619$37,748$35,627
6 years$37,833$35,659$33,612$31,684$29,868$27,830
7 years$32,102$29,947$27,932$26,049$24,291$22,336
8 years$27,805$25,670$23,688$21,852$20,152$18,280
9 years$24,466$22,350$20,403$18,613$16,971$15,181
10 years$21,795$19,701$17,788$16,044$14,460$12,751
11 years$19,612$17,538$15,660$13,964$12,436$10,807
12 years$17,794$15,741$13,898$12,248$10,777$9,226
13 years$16,257$14,226$12,417$10,813$9,398$7,923
14 years$14,940$12,931$11,156$9,599$8,238$6,838
15 years$13,800$11,812$10,073$8,560$7,253$5,925
16 years$12,804$10,838$9,132$7,665$6,410$5,153
17 years$11,925$9,981$8,310$6,887$5,684$4,494
18 years$11,146$9,223$7,586$6,206$5,054$3,929
19 years$10,449$8,548$6,945$5,608$4,505$3,443
20 years$9,822$7,943$6,374$5,079$4,024$3,023
21 years$9,256$7,399$5,862$4,610$3,601$2,658
22 years$8,742$6,906$5,403$4,191$3,228$2,340
23 years$8,274$6,459$4,989$3,817$2,897$2,063
24 years$7,845$6,052$4,614$3,481$2,604$1,821
25 years$7,451$5,679$4,273$3,179$2,343$1,609
26 years$7,088$5,338$3,963$2,907$2,111$1,422
27 years$6,752$5,024$3,680$2,661$1,903$1,258
28 years$6,441$4,734$3,421$2,438$1,717$1,114
29 years$6,152$4,466$3,184$2,236$1,551$987
30 years$5,883$4,217$2,966$2,052$1,401$875
31 years$5,631$3,987$2,765$1,884$1,267$776
32 years$5,396$3,772$2,580$1,732$1,146$688
33 years$5,176$3,572$2,409$1,593$1,037$610
34 years$4,968$3,386$2,250$1,465$939$542
35 years$4,774$3,211$2,104$1,349$850$481
36 years$4,590$3,048$1,968$1,242$770$427
37 years$4,417$2,895$1,842$1,145$698$379
38 years$4,253$2,751$1,725$1,055$633$337
39 years$4,098$2,616$1,616$973$574$299
40 years$3,951$2,489$1,515$897$521$266
41 years$3,812$2,369$1,421$828$472$236
42 years$3,679$2,257$1,332$764$429$210
43 years$3,554$2,150$1,250$705$389$187
44 years$3,434$2,049$1,174$651$353$166
45 years$3,320$1,954$1,102$601$321$148
46 years$3,211$1,864$1,035$555$291$131
47 years$3,107$1,779$972$513$264$117
48 years$3,007$1,698$914$474$240$104
49 years$2,913$1,622$859$438$218$92
50 years$2,822$1,549$808$405$198$82

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 $2,090 every year, while hoping to spend $32,424 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: 73/6/21 Blend
66$2,890,000$2,890,000$2,890,000$2,890,000
67$3,186,936$3,033,766$2,988,971$3,403,237
68$3,477,504$3,147,921$3,054,602$3,661,512
69$3,796,624$3,266,584$3,121,346$3,940,277
70$4,147,173$3,389,940$3,189,205$4,244,866
71$4,532,322$3,518,184$3,258,180$4,577,843
72$4,955,564$3,651,520$3,328,274$4,942,029
73$5,420,745$3,790,159$3,399,485$5,340,534
74$5,932,107$3,934,322$3,471,813$5,776,782
75$6,494,318$4,084,240$3,545,255$6,254,545
76$7,112,524$4,240,154$3,619,807$6,777,975
77$7,792,395$4,402,314$3,695,464$7,351,648
78$8,540,176$4,570,985$3,772,219$7,980,604
79$9,362,749$4,746,438$3,850,063$8,670,394
80$10,267,696$4,928,960$3,928,987$9,427,133
81$11,263,371$5,118,848$4,008,977$10,257,559
82$12,358,978$5,316,415$4,090,021$11,169,093
83$13,564,659$5,521,985$4,172,103$12,169,910
84$14,891,590$5,735,898$4,255,204$13,269,018
85$16,352,082$5,958,507$4,339,303$14,476,340
86$17,959,704$6,190,183$4,424,379$15,802,809
87$19,729,403$6,431,312$4,510,406$17,260,470
88$21,677,654$6,682,297$4,597,355$18,862,592
89$23,822,605$6,943,560$4,685,197$20,623,799
90$26,184,256$7,215,541$4,773,897$22,560,199
91$28,784,646$7,498,698$4,863,419$24,689,541
92$31,648,059$7,793,513$4,953,722$27,031,384
93$34,801,251$8,100,485$5,044,762$29,607,274
94$38,273,710$8,420,140$5,136,493$32,440,955
95$42,097,925$8,753,024$5,228,862$35,558,588
96$46,309,700$9,099,709$5,321,815$38,988,999
97$50,948,486$9,460,791$5,415,293$42,763,950
98$56,057,757$9,836,895$5,509,231$46,918,439
99$61,685,419$10,228,673$5,603,560$51,491,032
100$67,884,259$10,636,806$5,698,207$56,524,220