Can I retire at age 67 with 3,700,000?

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 $3,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$305,543$302,821$300,166$297,574$295,043$283,449
2 years$151,259$148,442$145,711$143,064$140,497$128,958
3 years$99,837$97,008$94,285$91,663$89,137$78,016
4 years$74,132$71,311$68,615$66,038$63,573$52,956
5 years$58,713$55,909$53,248$50,723$48,327$38,240
6 years$48,436$45,654$43,033$40,564$38,240$28,689
7 years$41,099$38,340$35,760$33,350$31,099$22,082
8 years$35,599$32,864$30,328$27,976$25,800$17,307
9 years$31,323$28,614$26,121$23,830$21,727$13,746
10 years$27,904$25,222$22,773$20,541$18,513$11,028
11 years$25,109$22,454$20,049$17,877$15,921$8,915
12 years$22,781$20,153$17,793$15,681$13,797$7,252
13 years$20,813$18,213$15,897$13,844$12,031$5,927
14 years$19,128$16,555$14,283$12,289$10,547$4,862
15 years$17,668$15,123$12,896$10,960$9,286$4,001
16 years$16,392$13,875$11,692$9,813$8,207$3,301
17 years$15,268$12,779$10,639$8,817$7,277$2,729
18 years$14,269$11,808$9,712$7,946$6,470$2,260
19 years$13,377$10,944$8,891$7,180$5,767$1,874
20 years$12,575$10,169$8,160$6,503$5,151$1,556
21 years$11,850$9,472$7,506$5,902$4,610$1,293
22 years$11,192$8,842$6,917$5,366$4,132$1,075
23 years$10,593$8,270$6,387$4,887$3,709$894
24 years$10,044$7,748$5,907$4,457$3,334$745
25 years$9,539$7,271$5,471$4,070$3,000$620
26 years$9,074$6,834$5,074$3,722$2,702$517
27 years$8,645$6,431$4,712$3,407$2,436$431
28 years$8,246$6,060$4,380$3,121$2,198$359
29 years$7,876$5,717$4,076$2,862$1,985$299
30 years$7,532$5,399$3,797$2,627$1,794$250
31 years$7,210$5,104$3,540$2,413$1,622$208
32 years$6,909$4,830$3,303$2,217$1,467$174
33 years$6,626$4,574$3,084$2,039$1,328$145
34 years$6,361$4,335$2,881$1,876$1,202$121
35 years$6,112$4,111$2,694$1,727$1,089$101
36 years$5,876$3,902$2,520$1,590$986$84
37 years$5,655$3,706$2,359$1,465$894$70
38 years$5,445$3,522$2,209$1,351$810$59
39 years$5,247$3,349$2,069$1,245$735$49
40 years$5,058$3,187$1,940$1,149$667$41
41 years$4,880$3,033$1,819$1,060$605$34
42 years$4,711$2,889$1,706$978$549$28
43 years$4,550$2,753$1,601$903$498$24
44 years$4,396$2,624$1,503$834$452$20
45 years$4,250$2,502$1,411$770$410$17
46 years$4,111$2,387$1,325$711$373$14
47 years$3,978$2,278$1,245$657$338$12
48 years$3,850$2,174$1,170$607$307$10
49 years$3,729$2,076$1,100$561$279$8
50 years$3,612$1,984$1,034$519$253$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $3,700,000, adding $3,060 every year, while hoping to spend $25,217 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: 33/42/25 Blend
66$3,700,000$3,700,000$3,700,000$3,700,000
67$4,080,556$3,884,456$3,827,106$4,183,980
68$4,469,942$4,047,964$3,928,484$4,425,693
69$4,898,201$4,218,638$4,032,412$4,683,535
70$5,369,270$4,396,804$4,138,950$4,960,921
71$5,887,488$4,582,801$4,248,158$5,259,596
72$6,457,637$4,776,983$4,360,097$5,581,470
73$7,084,985$4,979,724$4,474,829$5,928,638
74$7,775,335$5,191,413$4,592,418$6,303,401
75$8,535,083$5,412,455$4,712,927$6,708,278
76$9,371,276$5,643,279$4,836,424$7,146,038
77$10,291,676$5,884,331$4,962,975$7,619,719
78$11,304,840$6,136,076$5,092,648$8,132,654
79$12,420,195$6,399,005$5,225,512$8,688,506
80$13,648,127$6,673,628$5,361,639$9,291,296
81$15,000,081$6,960,481$5,501,099$9,945,439
82$16,488,671$7,260,126$5,643,967$10,655,790
83$18,127,791$7,573,148$5,790,316$11,427,678
84$19,932,756$7,900,163$5,940,222$12,266,964
85$21,920,439$8,241,813$6,093,762$13,180,087
86$24,109,435$8,598,772$6,251,013$14,174,125
87$26,520,230$8,971,745$6,412,055$15,256,861
88$29,175,403$9,361,470$6,576,968$16,436,852
89$32,099,832$9,768,720$6,745,835$17,723,505
90$35,320,932$10,194,304$6,918,737$19,127,169
91$38,868,912$10,639,070$7,095,760$20,659,226
92$42,777,062$11,103,905$7,276,988$22,332,193
93$47,082,063$11,589,737$7,462,508$24,159,843
94$51,824,339$12,097,540$7,652,408$26,157,327
95$57,048,435$12,628,333$7,846,777$28,341,317
96$62,803,435$13,183,181$8,045,704$30,730,156
97$69,143,432$13,763,203$8,249,282$33,344,031
98$76,128,031$14,369,569$8,457,601$36,205,157
99$83,822,916$15,003,504$8,670,757$39,337,986
100$92,300,468$15,666,291$8,888,842$42,769,430