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

Use the below retirement simulation to view the chances of a successful retirement.
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%16%
1 years$264,253$261,899$259,603$257,361$255,172$248,903
2 years$130,818$128,382$126,021$123,731$121,511$115,233
3 years$86,346$83,899$81,544$79,276$77,091$71,001
4 years$64,114$61,675$59,343$57,114$54,982$49,127
5 years$50,778$48,354$46,053$43,869$41,797$36,193
6 years$41,891$39,484$37,217$35,082$33,072$27,725
7 years$35,545$33,159$30,928$28,843$26,897$21,807
8 years$30,788$28,423$26,229$24,196$22,313$17,479
9 years$27,090$24,748$22,591$20,609$18,791$14,208
10 years$24,133$21,814$19,696$17,766$16,011$11,674
11 years$21,716$19,420$17,340$15,461$13,770$9,673
12 years$19,703$17,430$15,388$13,562$11,933$8,068
13 years$18,000$15,752$13,749$11,973$10,406$6,766
14 years$16,543$14,318$12,353$10,628$9,121$5,699
15 years$15,281$13,080$11,153$9,478$8,031$4,818
16 years$14,177$12,000$10,112$8,487$7,098$4,085
17 years$13,205$11,052$9,202$7,625$6,294$3,473
18 years$12,341$10,212$8,400$6,872$5,596$2,958
19 years$11,569$9,465$7,690$6,210$4,988$2,524
20 years$10,876$8,795$7,057$5,624$4,455$2,157
21 years$10,249$8,192$6,491$5,104$3,987$1,846
22 years$9,680$7,647$5,983$4,641$3,574$1,581
23 years$9,161$7,152$5,524$4,226$3,208$1,356
24 years$8,686$6,701$5,109$3,855$2,883$1,163
25 years$8,250$6,289$4,732$3,520$2,595$999
26 years$7,848$5,910$4,388$3,219$2,337$858
27 years$7,477$5,562$4,075$2,946$2,107$737
28 years$7,132$5,241$3,788$2,699$1,901$634
29 years$6,812$4,945$3,525$2,475$1,717$545
30 years$6,514$4,670$3,284$2,272$1,551$469
31 years$6,235$4,414$3,061$2,087$1,402$404
32 years$5,975$4,177$2,856$1,918$1,269$348
33 years$5,731$3,956$2,667$1,763$1,148$299
34 years$5,501$3,749$2,492$1,622$1,039$258
35 years$5,286$3,556$2,330$1,494$942$222
36 years$5,082$3,375$2,179$1,376$853$191
37 years$4,890$3,206$2,040$1,267$773$165
38 years$4,709$3,046$1,910$1,168$701$142
39 years$4,538$2,897$1,790$1,077$636$122
40 years$4,375$2,756$1,677$993$577$105
41 years$4,221$2,624$1,573$917$523$91
42 years$4,074$2,499$1,475$846$475$78
43 years$3,935$2,381$1,384$781$431$67
44 years$3,802$2,269$1,300$721$391$58
45 years$3,676$2,164$1,220$666$355$50
46 years$3,555$2,064$1,146$615$322$43
47 years$3,440$1,970$1,077$568$293$37
48 years$3,330$1,881$1,012$525$266$32
49 years$3,225$1,796$951$485$241$28
50 years$3,124$1,715$894$449$219$24

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 $3,016 every year, while hoping to spend $35,594 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: 76/6/18 Blend
66$3,200,000$3,200,000$3,200,000$3,200,000
67$3,529,511$3,359,911$3,310,311$3,783,057
68$3,851,649$3,486,675$3,383,335$4,077,962
69$4,205,453$3,618,457$3,457,612$4,396,495
70$4,594,114$3,755,466$3,533,146$4,744,788
71$5,021,149$3,897,920$3,609,942$5,125,800
72$5,490,432$4,046,044$3,688,002$5,542,792
73$6,006,232$4,200,076$3,767,325$5,999,353
74$6,573,250$4,360,262$3,847,913$6,499,436
75$7,196,668$4,526,861$3,929,764$7,047,397
76$7,882,191$4,700,140$4,012,875$7,648,032
77$8,636,109$4,880,382$4,097,240$8,306,625
78$9,465,350$5,067,878$4,182,855$9,028,995
79$10,377,546$5,262,934$4,269,712$9,821,553
80$11,381,108$5,465,871$4,357,800$10,691,362
81$12,485,303$5,677,021$4,447,108$11,646,201
82$13,700,341$5,896,731$4,537,623$12,694,640
83$15,037,471$6,125,366$4,629,328$13,846,123
84$16,509,088$6,363,304$4,722,206$15,111,050
85$18,128,851$6,610,942$4,816,236$16,500,882
86$19,911,808$6,868,693$4,911,394$18,028,244
87$21,874,543$7,136,989$5,007,656$19,707,048
88$24,035,325$7,416,280$5,104,992$21,552,619
89$26,414,290$7,707,039$5,203,370$23,581,842
90$29,033,620$8,009,757$5,302,756$25,813,324
91$31,917,762$8,324,948$5,403,111$28,267,562
92$35,093,652$8,653,149$5,504,393$30,967,142
93$38,590,972$8,994,920$5,606,558$33,936,951
94$42,442,428$9,350,848$5,709,554$37,204,409
95$46,684,060$9,721,544$5,813,329$40,799,729
96$51,355,583$10,107,649$5,917,824$44,756,202
97$56,500,758$10,509,829$6,022,977$49,110,509
98$62,167,808$10,928,784$6,128,720$53,903,072
99$68,409,873$11,365,243$6,234,980$59,178,426
100$75,285,509$11,819,968$6,341,680$64,985,647