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%11.6%
1 years$264,253$261,899$259,603$257,361$255,172$253,458
2 years$130,818$128,382$126,021$123,731$121,511$119,782
3 years$86,346$83,899$81,544$79,276$77,091$75,401
4 years$64,114$61,675$59,343$57,114$54,982$53,344
5 years$50,778$48,354$46,053$43,869$41,797$40,215
6 years$41,891$39,484$37,217$35,082$33,072$31,550
7 years$35,545$33,159$30,928$28,843$26,897$25,433
8 years$30,788$28,423$26,229$24,196$22,313$20,910
9 years$27,090$24,748$22,591$20,609$18,791$17,447
10 years$24,133$21,814$19,696$17,766$16,011$14,725
11 years$21,716$19,420$17,340$15,461$13,770$12,542
12 years$19,703$17,430$15,388$13,562$11,933$10,761
13 years$18,000$15,752$13,749$11,973$10,406$9,289
14 years$16,543$14,318$12,353$10,628$9,121$8,059
15 years$15,281$13,080$11,153$9,478$8,031$7,021
16 years$14,177$12,000$10,112$8,487$7,098$6,139
17 years$13,205$11,052$9,202$7,625$6,294$5,384
18 years$12,341$10,212$8,400$6,872$5,596$4,734
19 years$11,569$9,465$7,690$6,210$4,988$4,172
20 years$10,876$8,795$7,057$5,624$4,455$3,684
21 years$10,249$8,192$6,491$5,104$3,987$3,259
22 years$9,680$7,647$5,983$4,641$3,574$2,887
23 years$9,161$7,152$5,524$4,226$3,208$2,561
24 years$8,686$6,701$5,109$3,855$2,883$2,274
25 years$8,250$6,289$4,732$3,520$2,595$2,021
26 years$7,848$5,910$4,388$3,219$2,337$1,798
27 years$7,477$5,562$4,075$2,946$2,107$1,601
28 years$7,132$5,241$3,788$2,699$1,901$1,427
29 years$6,812$4,945$3,525$2,475$1,717$1,272
30 years$6,514$4,670$3,284$2,272$1,551$1,135
31 years$6,235$4,414$3,061$2,087$1,402$1,013
32 years$5,975$4,177$2,856$1,918$1,269$904
33 years$5,731$3,956$2,667$1,763$1,148$808
34 years$5,501$3,749$2,492$1,622$1,039$722
35 years$5,286$3,556$2,330$1,494$942$645
36 years$5,082$3,375$2,179$1,376$853$577
37 years$4,890$3,206$2,040$1,267$773$516
38 years$4,709$3,046$1,910$1,168$701$461
39 years$4,538$2,897$1,790$1,077$636$413
40 years$4,375$2,756$1,677$993$577$369
41 years$4,221$2,624$1,573$917$523$330
42 years$4,074$2,499$1,475$846$475$296
43 years$3,935$2,381$1,384$781$431$265
44 years$3,802$2,269$1,300$721$391$237
45 years$3,676$2,164$1,220$666$355$212
46 years$3,555$2,064$1,146$615$322$190
47 years$3,440$1,970$1,077$568$293$170
48 years$3,330$1,881$1,012$525$266$152
49 years$3,225$1,796$951$485$241$136
50 years$3,124$1,715$894$449$219$122

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 $2,945 every year, while hoping to spend $46,572 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: 67/7/26 Blend
66$3,200,000$3,200,000$3,200,000$3,200,000
67$3,529,438$3,359,838$3,310,238$3,741,887
68$3,839,888$3,474,918$3,371,578$4,000,271
69$4,180,444$3,594,075$3,433,413$4,277,208
70$4,554,126$3,717,462$3,495,709$4,579,042
71$4,964,262$3,845,234$3,558,432$4,908,232
72$5,414,520$3,977,553$3,621,542$5,267,488
73$5,908,937$4,114,589$3,685,000$5,659,792
74$6,451,962$4,256,517$3,748,760$6,088,430
75$7,048,495$4,403,519$3,812,777$6,557,022
76$7,703,935$4,555,785$3,876,998$7,069,554
77$8,424,230$4,713,512$3,941,371$7,630,417
78$9,215,931$4,876,904$4,005,837$8,244,448
79$10,086,257$5,046,173$4,070,333$8,916,976
80$11,043,161$5,221,541$4,134,795$9,653,872
81$12,095,404$5,403,238$4,199,152$10,461,603
82$13,252,641$5,591,502$4,263,329$11,347,294
83$14,525,506$5,786,581$4,327,246$12,318,795
84$15,925,717$5,988,733$4,390,818$13,384,754
85$17,466,187$6,198,228$4,453,957$14,554,699
86$19,161,139$6,415,342$4,516,566$15,839,130
87$21,026,249$6,640,368$4,578,545$17,249,613
88$23,078,787$6,873,606$4,639,786$18,798,893
89$25,337,781$7,115,370$4,700,177$20,501,012
90$27,824,198$7,365,987$4,759,597$22,371,444
91$30,561,142$7,625,796$4,817,919$24,427,237
92$33,574,069$7,895,151$4,875,009$26,687,177
93$36,891,028$8,174,417$4,930,726$29,171,964
94$40,542,928$8,463,979$4,984,921$31,904,406
95$44,563,826$8,764,233$5,037,435$34,909,636
96$48,991,249$9,075,594$5,088,102$38,215,348
97$53,866,550$9,398,491$5,136,747$41,852,058
98$59,235,295$9,733,374$5,183,184$45,853,394
99$65,147,693$10,080,708$5,227,220$50,256,411
100$71,659,074$10,440,979$5,268,648$55,101,939