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%12.9%
1 years$255,995$253,715$251,490$249,319$247,198$244,211
2 years$126,730$124,370$122,083$119,865$117,714$114,707
3 years$83,648$81,277$78,996$76,799$74,682$71,750
4 years$62,110$59,747$57,489$55,329$53,264$50,428
5 years$49,192$46,843$44,613$42,498$40,490$37,760
6 years$40,582$38,251$36,054$33,986$32,039$29,417
7 years$34,434$32,123$29,961$27,942$26,056$23,544
8 years$29,826$27,535$25,410$23,440$21,616$19,213
9 years$26,243$23,974$21,885$19,965$18,204$15,909
10 years$23,379$21,132$19,080$17,210$15,511$13,323
11 years$21,037$18,813$16,798$14,978$13,340$11,256
12 years$19,087$16,885$14,908$13,138$11,560$9,579
13 years$17,438$15,259$13,319$11,599$10,080$8,200
14 years$16,026$13,870$11,967$10,296$8,836$7,053
15 years$14,803$12,671$10,805$9,182$7,780$6,091
16 years$13,734$11,625$9,796$8,222$6,876$5,279
17 years$12,792$10,706$8,914$7,387$6,097$4,588
18 years$11,956$9,893$8,137$6,657$5,421$3,997
19 years$11,208$9,169$7,449$6,015$4,832$3,490
20 years$10,536$8,520$6,837$5,448$4,316$3,052
21 years$9,929$7,936$6,288$4,945$3,862$2,674
22 years$9,377$7,408$5,796$4,496$3,462$2,346
23 years$8,875$6,929$5,351$4,094$3,108$2,060
24 years$8,415$6,492$4,949$3,734$2,793$1,811
25 years$7,992$6,092$4,584$3,410$2,514$1,594
26 years$7,603$5,726$4,251$3,118$2,264$1,404
27 years$7,243$5,389$3,948$2,854$2,041$1,237
28 years$6,909$5,078$3,670$2,615$1,842$1,091
29 years$6,599$4,790$3,415$2,398$1,663$962
30 years$6,310$4,524$3,181$2,201$1,503$849
31 years$6,041$4,276$2,966$2,021$1,359$750
32 years$5,788$4,046$2,767$1,858$1,229$663
33 years$5,552$3,832$2,584$1,708$1,112$585
34 years$5,329$3,632$2,414$1,572$1,007$517
35 years$5,120$3,445$2,257$1,447$912$457
36 years$4,924$3,270$2,111$1,333$826$404
37 years$4,738$3,105$1,976$1,228$749$358
38 years$4,562$2,951$1,850$1,132$679$316
39 years$4,396$2,806$1,734$1,043$616$280
40 years$4,238$2,670$1,625$962$559$248
41 years$4,089$2,542$1,524$888$507$219
42 years$3,947$2,420$1,429$819$460$194
43 years$3,812$2,306$1,341$756$417$172
44 years$3,683$2,198$1,259$698$379$152
45 years$3,561$2,096$1,182$645$344$135
46 years$3,444$2,000$1,110$596$312$119
47 years$3,333$1,908$1,043$550$283$105
48 years$3,226$1,822$980$509$257$93
49 years$3,124$1,740$921$470$234$83
50 years$3,027$1,662$866$435$212$73

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 $5,977 every year, while hoping to spend $42,940 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: 45/28/27 Blend
66$3,100,000$3,100,000$3,100,000$3,100,000
67$3,422,365$3,258,065$3,210,015$3,549,425
68$3,725,759$3,372,023$3,271,863$3,754,168
69$4,058,659$3,490,125$3,334,343$3,971,476
70$4,424,031$3,612,529$3,397,432$4,206,323
71$4,825,139$3,739,401$3,461,104$4,460,370
72$5,265,581$3,870,909$3,525,328$4,735,442
73$5,749,319$4,007,232$3,590,075$5,033,547
74$6,280,717$4,148,554$3,655,311$5,356,896
75$6,864,585$4,295,068$3,720,998$5,707,919
76$7,506,219$4,446,972$3,787,098$6,089,290
77$8,211,455$4,604,476$3,853,567$6,503,953
78$8,986,723$4,767,795$3,920,361$6,955,148
79$9,839,105$4,937,153$3,987,430$7,446,438
80$10,776,407$5,112,786$4,054,722$7,981,749
81$11,807,225$5,294,937$4,122,179$8,565,400
82$12,941,032$5,483,860$4,189,743$9,202,147
83$14,188,267$5,679,818$4,257,348$9,897,225
84$15,560,427$5,883,087$4,324,927$10,656,398
85$17,070,184$6,093,951$4,392,406$11,486,014
86$18,731,498$6,312,710$4,459,706$12,393,061
87$20,559,751$6,539,673$4,526,747$13,385,235
88$22,571,892$6,775,163$4,593,438$14,471,011
89$24,786,594$7,019,515$4,659,688$15,659,724
90$27,224,436$7,273,081$4,725,397$16,961,652
91$29,908,091$7,536,224$4,790,460$18,388,118
92$32,862,541$7,809,324$4,854,765$19,951,590
93$36,115,316$8,092,776$4,918,195$21,665,805
94$39,696,748$8,386,993$4,980,626$23,545,890
95$43,640,264$8,692,403$5,041,924$25,608,511
96$47,982,693$9,009,453$5,101,950$27,872,024
97$52,764,620$9,338,609$5,160,558$30,356,651
98$58,030,766$9,680,356$5,217,592$33,084,669
99$63,830,411$10,035,199$5,272,887$36,080,617
100$70,217,854$10,403,665$5,326,271$39,371,531