Can I retire at age 67 with 3,200,000?

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 $3,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$264,253$261,899$259,603$257,361$255,172$246,807
2 years$130,818$128,382$126,021$123,731$121,511$113,162
3 years$86,346$83,899$81,544$79,276$77,091$69,022
4 years$64,114$61,675$59,343$57,114$54,982$47,254
5 years$50,778$48,354$46,053$43,869$41,797$34,430
6 years$41,891$39,484$37,217$35,082$33,072$26,074
7 years$35,545$33,159$30,928$28,843$26,897$20,265
8 years$30,788$28,423$26,229$24,196$22,313$16,044
9 years$27,090$24,748$22,591$20,609$18,791$12,876
10 years$24,133$21,814$19,696$17,766$16,011$10,441
11 years$21,716$19,420$17,340$15,461$13,770$8,535
12 years$19,703$17,430$15,388$13,562$11,933$7,022
13 years$18,000$15,752$13,749$11,973$10,406$5,806
14 years$16,543$14,318$12,353$10,628$9,121$4,820
15 years$15,281$13,080$11,153$9,478$8,031$4,015
16 years$14,177$12,000$10,112$8,487$7,098$3,353
17 years$13,205$11,052$9,202$7,625$6,294$2,807
18 years$12,341$10,212$8,400$6,872$5,596$2,354
19 years$11,569$9,465$7,690$6,210$4,988$1,977
20 years$10,876$8,795$7,057$5,624$4,455$1,663
21 years$10,249$8,192$6,491$5,104$3,987$1,400
22 years$9,680$7,647$5,983$4,641$3,574$1,180
23 years$9,161$7,152$5,524$4,226$3,208$995
24 years$8,686$6,701$5,109$3,855$2,883$840
25 years$8,250$6,289$4,732$3,520$2,595$709
26 years$7,848$5,910$4,388$3,219$2,337$599
27 years$7,477$5,562$4,075$2,946$2,107$506
28 years$7,132$5,241$3,788$2,699$1,901$428
29 years$6,812$4,945$3,525$2,475$1,717$362
30 years$6,514$4,670$3,284$2,272$1,551$306
31 years$6,235$4,414$3,061$2,087$1,402$259
32 years$5,975$4,177$2,856$1,918$1,269$219
33 years$5,731$3,956$2,667$1,763$1,148$185
34 years$5,501$3,749$2,492$1,622$1,039$157
35 years$5,286$3,556$2,330$1,494$942$133
36 years$5,082$3,375$2,179$1,376$853$112
37 years$4,890$3,206$2,040$1,267$773$95
38 years$4,709$3,046$1,910$1,168$701$80
39 years$4,538$2,897$1,790$1,077$636$68
40 years$4,375$2,756$1,677$993$577$58
41 years$4,221$2,624$1,573$917$523$49
42 years$4,074$2,499$1,475$846$475$41
43 years$3,935$2,381$1,384$781$431$35
44 years$3,802$2,269$1,300$721$391$30
45 years$3,676$2,164$1,220$666$355$25
46 years$3,555$2,064$1,146$615$322$21
47 years$3,440$1,970$1,077$568$293$18
48 years$3,330$1,881$1,012$525$266$15
49 years$3,225$1,796$951$485$241$13
50 years$3,124$1,715$894$449$219$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $3,200,000, adding $6,325 every year, while hoping to spend $35,701 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: 67/12/21 Blend
66$3,200,000$3,200,000$3,200,000$3,200,000
67$3,532,924$3,363,324$3,313,724$3,750,539
68$3,855,297$3,490,142$3,386,748$4,023,988
69$4,209,355$3,621,976$3,461,022$4,318,216
70$4,598,293$3,759,037$3,536,550$4,639,130
71$5,025,629$3,901,540$3,613,335$4,989,357
72$5,495,241$4,049,713$3,691,379$5,371,787
73$6,011,398$4,203,792$3,770,683$5,789,603
74$6,578,806$4,364,023$3,851,246$6,246,312
75$7,202,649$4,530,664$3,933,067$6,745,772
76$7,888,636$4,703,984$4,016,143$7,292,232
77$8,643,061$4,884,263$4,100,467$7,890,374
78$9,472,856$5,071,794$4,186,035$8,545,351
79$10,385,657$5,266,883$4,272,838$9,262,838
80$11,389,882$5,469,848$4,360,866$10,049,089
81$12,494,802$5,681,022$4,450,106$10,910,987
82$13,710,632$5,900,753$4,540,546$11,856,117
83$15,048,630$6,129,403$4,632,168$12,892,832
84$16,521,199$6,367,352$4,724,954$14,030,334
85$18,142,004$6,614,996$4,818,882$15,278,758
86$19,926,104$6,872,746$4,913,931$16,649,270
87$21,890,092$7,141,035$5,010,072$18,154,169
88$24,052,249$7,420,314$5,107,277$19,807,003
89$26,432,721$7,711,052$5,205,514$21,622,701
90$29,053,706$8,013,741$5,304,746$23,617,705
91$31,939,664$8,328,895$5,404,936$25,810,132
92$35,117,549$8,657,050$5,506,040$28,219,941
93$38,617,059$8,998,765$5,608,012$30,869,120
94$42,470,920$9,354,626$5,710,802$33,781,896
95$46,715,196$9,725,244$5,814,355$36,984,961
96$51,389,623$10,111,259$5,918,614$40,507,721
97$56,537,991$10,513,336$6,023,513$44,382,579
98$62,208,550$10,932,174$6,128,985$48,645,233
99$68,454,473$11,368,501$6,234,957$53,335,019
100$75,334,350$11,823,079$6,341,349$58,495,275