Can I retire at age 67 with 2,900,000?

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 $2,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$239,479$237,346$235,265$233,234$231,250$227,700
2 years$118,554$116,346$114,206$112,132$110,119$106,551
3 years$78,251$76,033$73,899$71,844$69,864$66,389
4 years$58,103$55,893$53,780$51,759$49,828$46,473
5 years$46,018$43,821$41,735$39,756$37,878$34,653
6 years$37,964$35,783$33,728$31,793$29,972$26,880
7 years$32,213$30,050$28,028$26,139$24,375$21,417
8 years$27,902$25,759$23,770$21,927$20,221$17,397
9 years$24,550$22,428$20,473$18,677$17,029$14,338
10 years$21,871$19,769$17,849$16,100$14,510$11,948
11 years$19,680$17,599$15,714$14,012$12,479$10,045
12 years$17,855$15,796$13,946$12,290$10,814$8,505
13 years$16,313$14,275$12,460$10,850$9,430$7,242
14 years$14,992$12,975$11,195$9,632$8,266$6,196
15 years$13,848$11,853$10,108$8,590$7,278$5,322
16 years$12,848$10,875$9,164$7,691$6,433$4,587
17 years$11,967$10,016$8,339$6,911$5,704$3,964
18 years$11,184$9,255$7,612$6,228$5,071$3,434
19 years$10,485$8,577$6,969$5,627$4,520$2,980
20 years$9,856$7,970$6,396$5,097$4,038$2,591
21 years$9,288$7,424$5,883$4,626$3,613$2,257
22 years$8,772$6,930$5,422$4,206$3,239$1,968
23 years$8,302$6,482$5,006$3,830$2,907$1,717
24 years$7,872$6,073$4,630$3,493$2,613$1,501
25 years$7,477$5,699$4,288$3,190$2,351$1,312
26 years$7,112$5,356$3,977$2,917$2,118$1,148
27 years$6,776$5,041$3,693$2,670$1,910$1,005
28 years$6,463$4,750$3,433$2,446$1,723$881
29 years$6,173$4,481$3,195$2,243$1,556$772
30 years$5,903$4,232$2,976$2,059$1,406$677
31 years$5,651$4,001$2,774$1,891$1,271$594
32 years$5,415$3,785$2,588$1,738$1,150$521
33 years$5,193$3,585$2,417$1,598$1,040$457
34 years$4,986$3,398$2,258$1,470$942$402
35 years$4,790$3,223$2,111$1,354$853$353
36 years$4,606$3,059$1,975$1,247$773$310
37 years$4,432$2,905$1,849$1,149$701$272
38 years$4,268$2,761$1,731$1,059$635$239
39 years$4,112$2,625$1,622$976$576$210
40 years$3,965$2,498$1,520$900$522$185
41 years$3,825$2,378$1,425$831$474$162
42 years$3,692$2,264$1,337$767$430$143
43 years$3,566$2,157$1,255$708$390$125
44 years$3,446$2,056$1,178$653$354$110
45 years$3,331$1,961$1,106$603$322$97
46 years$3,222$1,871$1,039$557$292$85
47 years$3,118$1,785$976$515$265$75
48 years$3,018$1,704$917$476$241$66
49 years$2,923$1,628$862$440$219$58
50 years$2,831$1,555$810$406$199$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,900,000, adding $5,682 every year, while hoping to spend $31,895 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: 64/8/28 Blend
66$2,900,000$2,900,000$2,900,000$2,900,000
67$3,201,661$3,047,961$3,003,011$3,382,403
68$3,494,294$3,163,375$3,069,676$3,620,896
69$3,815,707$3,283,375$3,137,505$3,877,365
70$4,168,802$3,408,153$3,206,504$4,156,920
71$4,556,775$3,537,908$3,276,676$4,461,835
72$4,983,147$3,672,847$3,348,027$4,794,610
73$5,451,800$3,813,188$3,420,557$5,158,003
74$5,967,007$3,959,157$3,494,269$5,555,047
75$6,533,477$4,110,992$3,569,163$5,989,083
76$7,156,399$4,268,938$3,645,237$6,463,791
77$7,841,489$4,433,253$3,722,490$6,983,224
78$8,595,045$4,604,207$3,800,918$7,551,845
79$9,424,007$4,782,079$3,880,515$8,174,570
80$10,336,018$4,967,164$3,961,275$8,856,814
81$11,339,504$5,159,767$4,043,190$9,604,542
82$12,443,746$5,360,208$4,126,249$10,424,324
83$13,658,970$5,568,820$4,210,440$11,323,397
84$14,996,444$5,785,952$4,295,750$12,309,734
85$16,468,586$6,011,968$4,382,162$13,392,116
86$18,089,074$6,247,247$4,469,657$14,580,221
87$19,872,984$6,492,187$4,558,215$15,884,706
88$21,836,926$6,747,201$4,647,813$17,317,315
89$23,999,203$7,012,724$4,738,424$18,890,986
90$26,379,981$7,289,207$4,830,021$20,619,971
91$29,001,484$7,577,123$4,922,571$22,519,974
92$31,888,198$7,876,965$5,016,041$24,608,299
93$35,067,107$8,189,249$5,110,391$26,904,006
94$38,567,944$8,514,514$5,205,581$29,428,101
95$42,423,472$8,853,323$5,301,565$32,203,725
96$46,669,793$9,206,263$5,398,295$35,256,375
97$51,346,693$9,573,950$5,495,718$38,614,147
98$56,498,008$9,957,027$5,593,777$42,307,998
99$62,172,047$10,356,163$5,692,411$46,372,035
100$68,422,042$10,772,061$5,791,553$50,843,843