Can I retire at age 67 with 3,600,000?

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 $3,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$297,285$294,637$292,053$289,531$287,069$282,197
2 years$147,171$144,430$141,773$139,198$136,700$131,806
3 years$97,139$94,386$91,737$89,185$86,728$81,965
4 years$72,128$69,384$66,761$64,253$61,855$57,260
5 years$57,126$54,398$51,809$49,352$47,021$42,607
6 years$47,127$44,420$41,869$39,468$37,206$32,978
7 years$39,988$37,304$34,794$32,448$30,259$26,218
8 years$34,637$31,976$29,508$27,220$25,102$21,248
9 years$30,476$27,841$25,415$23,186$21,140$17,469
10 years$27,150$24,541$22,157$19,986$18,012$14,523
11 years$24,430$21,847$19,507$17,394$15,491$12,179
12 years$22,165$19,609$17,312$15,257$13,424$10,285
13 years$20,251$17,721$15,467$13,470$11,706$8,735
14 years$18,611$16,107$13,897$11,957$10,262$7,453
15 years$17,191$14,714$12,547$10,663$9,035$6,384
16 years$15,949$13,500$11,376$9,548$7,985$5,487
17 years$14,855$12,433$10,352$8,579$7,080$4,728
18 years$13,884$11,489$9,450$7,731$6,295$4,084
19 years$13,016$10,648$8,651$6,986$5,611$3,534
20 years$12,235$9,894$7,939$6,327$5,012$3,064
21 years$11,530$9,216$7,303$5,742$4,485$2,660
22 years$10,890$8,603$6,731$5,221$4,020$2,312
23 years$10,306$8,046$6,214$4,755$3,609$2,012
24 years$9,772$7,539$5,747$4,337$3,244$1,752
25 years$9,281$7,075$5,323$3,960$2,919$1,528
26 years$8,829$6,649$4,937$3,621$2,629$1,332
27 years$8,411$6,258$4,584$3,315$2,371$1,163
28 years$8,024$5,897$4,262$3,037$2,139$1,016
29 years$7,664$5,563$3,966$2,785$1,931$887
30 years$7,328$5,253$3,694$2,556$1,745$776
31 years$7,015$4,966$3,444$2,347$1,578$678
32 years$6,722$4,699$3,213$2,157$1,427$593
33 years$6,447$4,450$3,000$1,984$1,292$519
34 years$6,189$4,218$2,803$1,825$1,169$454
35 years$5,946$4,000$2,621$1,680$1,059$397
36 years$5,718$3,797$2,452$1,547$960$348
37 years$5,502$3,606$2,295$1,426$870$304
38 years$5,298$3,427$2,149$1,314$789$267
39 years$5,105$3,259$2,013$1,212$715$233
40 years$4,922$3,101$1,887$1,118$649$204
41 years$4,748$2,951$1,770$1,031$588$179
42 years$4,583$2,811$1,660$952$534$157
43 years$4,427$2,678$1,558$878$485$137
44 years$4,277$2,553$1,462$811$440$120
45 years$4,135$2,434$1,373$749$399$105
46 years$3,999$2,322$1,289$692$363$92
47 years$3,870$2,216$1,211$639$329$81
48 years$3,746$2,116$1,138$591$299$71
49 years$3,628$2,020$1,070$546$272$62
50 years$3,515$1,930$1,006$505$247$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $3,600,000, adding $2,008 every year, while hoping to spend $34,051 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: 24/46/30 Blend
66$3,600,000$3,600,000$3,600,000$3,600,000
67$3,969,271$3,778,471$3,722,671$4,027,152
68$4,337,907$3,927,386$3,811,151$4,226,126
69$4,743,002$4,082,457$3,901,453$4,436,156
70$5,188,240$4,243,949$3,993,603$4,660,478
71$5,677,678$4,412,140$4,087,626$4,900,304
72$6,215,786$4,587,319$4,183,547$5,156,965
73$6,807,489$4,769,791$4,281,388$5,431,918
74$7,458,212$4,959,871$4,381,175$5,726,758
75$8,173,936$5,157,890$4,482,930$6,043,232
76$8,961,244$5,364,194$4,586,675$6,383,257
77$9,827,396$5,579,144$4,692,434$6,748,932
78$10,780,387$5,803,118$4,800,226$7,142,563
79$11,829,026$6,036,511$4,910,074$7,566,676
80$12,983,022$6,279,735$5,021,996$8,024,043
81$14,253,069$6,533,221$5,136,012$8,517,707
82$15,650,953$6,797,420$5,252,139$9,051,008
83$17,189,659$7,072,802$5,370,395$9,627,614
84$18,883,496$7,359,862$5,490,795$10,251,552
85$20,748,230$7,659,112$5,613,354$10,927,243
86$22,801,234$7,971,093$5,738,085$11,659,548
87$25,061,649$8,296,365$5,865,001$12,453,804
88$27,550,569$8,635,519$5,994,110$13,315,877
89$30,291,237$8,989,170$6,125,423$14,252,214
90$33,309,264$9,357,960$6,258,946$15,269,901
91$36,632,872$9,742,564$6,394,683$16,376,730
92$40,293,160$10,143,683$6,532,640$17,581,265
93$44,324,394$10,562,056$6,672,815$18,892,926
94$48,764,336$10,998,450$6,815,208$20,322,070
95$53,654,596$11,453,672$6,959,815$21,880,090
96$59,041,025$11,928,563$7,106,630$23,579,517
97$64,974,151$12,424,004$7,255,643$25,434,137
98$71,509,651$12,940,916$7,406,843$27,459,116
99$78,708,877$13,480,263$7,560,215$29,671,143
100$86,639,440$14,043,053$7,715,740$32,088,577