Can I retire at age 67 with 3,100,000?

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 $3,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$255,995$253,715$251,490$249,319$247,198$238,713
2 years$126,730$124,370$122,083$119,865$117,714$109,251
3 years$83,648$81,277$78,996$76,799$74,682$66,508
4 years$62,110$59,747$57,489$55,329$53,264$45,441
5 years$49,192$46,843$44,613$42,498$40,490$33,039
6 years$40,582$38,251$36,054$33,986$32,039$24,965
7 years$34,434$32,123$29,961$27,942$26,056$19,359
8 years$29,826$27,535$25,410$23,440$21,616$15,291
9 years$26,243$23,974$21,885$19,965$18,204$12,242
10 years$23,379$21,132$19,080$17,210$15,511$9,902
11 years$21,037$18,813$16,798$14,978$13,340$8,074
12 years$19,087$16,885$14,908$13,138$11,560$6,624
13 years$17,438$15,259$13,319$11,599$10,080$5,462
14 years$16,026$13,870$11,967$10,296$8,836$4,522
15 years$14,803$12,671$10,805$9,182$7,780$3,756
16 years$13,734$11,625$9,796$8,222$6,876$3,128
17 years$12,792$10,706$8,914$7,387$6,097$2,611
18 years$11,956$9,893$8,137$6,657$5,421$2,183
19 years$11,208$9,169$7,449$6,015$4,832$1,828
20 years$10,536$8,520$6,837$5,448$4,316$1,533
21 years$9,929$7,936$6,288$4,945$3,862$1,287
22 years$9,377$7,408$5,796$4,496$3,462$1,081
23 years$8,875$6,929$5,351$4,094$3,108$909
24 years$8,415$6,492$4,949$3,734$2,793$764
25 years$7,992$6,092$4,584$3,410$2,514$643
26 years$7,603$5,726$4,251$3,118$2,264$542
27 years$7,243$5,389$3,948$2,854$2,041$456
28 years$6,909$5,078$3,670$2,615$1,842$384
29 years$6,599$4,790$3,415$2,398$1,663$324
30 years$6,310$4,524$3,181$2,201$1,503$273
31 years$6,041$4,276$2,966$2,021$1,359$230
32 years$5,788$4,046$2,767$1,858$1,229$194
33 years$5,552$3,832$2,584$1,708$1,112$164
34 years$5,329$3,632$2,414$1,572$1,007$138
35 years$5,120$3,445$2,257$1,447$912$116
36 years$4,924$3,270$2,111$1,333$826$98
37 years$4,738$3,105$1,976$1,228$749$83
38 years$4,562$2,951$1,850$1,132$679$70
39 years$4,396$2,806$1,734$1,043$616$59
40 years$4,238$2,670$1,625$962$559$50
41 years$4,089$2,542$1,524$888$507$42
42 years$3,947$2,420$1,429$819$460$35
43 years$3,812$2,306$1,341$756$417$30
44 years$3,683$2,198$1,259$698$379$25
45 years$3,561$2,096$1,182$645$344$21
46 years$3,444$2,000$1,110$596$312$18
47 years$3,333$1,908$1,043$550$283$15
48 years$3,226$1,822$980$509$257$13
49 years$3,124$1,740$921$470$234$11
50 years$3,027$1,662$866$435$212$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $3,100,000, adding $5,564 every year, while hoping to spend $56,755 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: 49/31/20 Blend
66$3,100,000$3,100,000$3,100,000$3,100,000
67$3,421,939$3,257,639$3,209,589$3,570,140
68$3,710,590$3,356,877$3,256,724$3,772,772
69$4,026,781$3,459,075$3,303,535$3,986,555
70$4,373,262$3,564,318$3,349,952$4,217,607
71$4,753,059$3,672,695$3,395,900$4,467,576
72$5,169,509$3,784,294$3,441,300$4,738,276
73$5,626,283$3,899,208$3,486,068$5,031,702
74$6,127,426$4,017,532$3,530,113$5,350,051
75$6,677,395$4,139,362$3,573,344$5,695,741
76$7,281,097$4,264,799$3,615,659$6,071,435
77$7,943,939$4,393,944$3,656,953$6,480,064
78$8,671,876$4,526,903$3,697,117$6,924,855
79$9,471,469$4,663,783$3,736,032$7,409,362
80$10,349,945$4,804,694$3,773,575$7,937,496
81$11,315,265$4,949,750$3,809,616$8,513,569
82$12,376,202$5,099,067$3,844,017$9,142,325
83$13,542,417$5,252,765$3,876,635$9,828,992
84$14,824,558$5,410,964$3,907,316$10,579,327
85$16,234,353$5,573,791$3,935,901$11,399,671
86$17,784,723$5,741,374$3,962,220$12,297,008
87$19,489,908$5,913,844$3,986,097$13,279,033
88$21,365,592$6,091,336$4,007,345$14,354,222
89$23,429,059$6,273,988$4,025,768$15,531,912
90$25,699,351$6,461,941$4,041,159$16,822,388
91$28,197,450$6,655,341$4,053,303$18,236,984
92$30,946,472$6,854,335$4,061,971$19,788,183
93$33,971,891$7,059,077$4,066,926$21,489,740
94$37,301,772$7,269,720$4,067,916$23,356,810
95$40,967,041$7,486,424$4,064,679$25,406,089
96$45,001,772$7,709,352$4,056,939$27,655,973
97$49,443,513$7,938,670$4,044,407$30,126,732
98$54,333,636$8,174,550$4,026,779$32,840,698
99$59,717,728$8,417,164$4,003,737$35,822,480
100$65,646,023$8,666,691$3,974,948$39,099,191