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

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 $3,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$305,543$302,821$300,166$297,574$295,043$293,676
2 years$151,259$148,442$145,711$143,064$140,497$139,117
3 years$99,837$97,008$94,285$91,663$89,137$87,787
4 years$74,132$71,311$68,615$66,038$63,573$62,264
5 years$58,713$55,909$53,248$50,723$48,327$47,062
6 years$48,436$45,654$43,033$40,564$38,240$37,020
7 years$41,099$38,340$35,760$33,350$31,099$29,926
8 years$35,599$32,864$30,328$27,976$25,800$24,673
9 years$31,323$28,614$26,121$23,830$21,727$20,647
10 years$27,904$25,222$22,773$20,541$18,513$17,478
11 years$25,109$22,454$20,049$17,877$15,921$14,932
12 years$22,781$20,153$17,793$15,681$13,797$12,852
13 years$20,813$18,213$15,897$13,844$12,031$11,129
14 years$19,128$16,555$14,283$12,289$10,547$9,687
15 years$17,668$15,123$12,896$10,960$9,286$8,468
16 years$16,392$13,875$11,692$9,813$8,207$7,429
17 years$15,268$12,779$10,639$8,817$7,277$6,538
18 years$14,269$11,808$9,712$7,946$6,470$5,769
19 years$13,377$10,944$8,891$7,180$5,767$5,102
20 years$12,575$10,169$8,160$6,503$5,151$4,522
21 years$11,850$9,472$7,506$5,902$4,610$4,015
22 years$11,192$8,842$6,917$5,366$4,132$3,570
23 years$10,593$8,270$6,387$4,887$3,709$3,178
24 years$10,044$7,748$5,907$4,457$3,334$2,833
25 years$9,539$7,271$5,471$4,070$3,000$2,528
26 years$9,074$6,834$5,074$3,722$2,702$2,258
27 years$8,645$6,431$4,712$3,407$2,436$2,018
28 years$8,246$6,060$4,380$3,121$2,198$1,806
29 years$7,876$5,717$4,076$2,862$1,985$1,616
30 years$7,532$5,399$3,797$2,627$1,794$1,448
31 years$7,210$5,104$3,540$2,413$1,622$1,297
32 years$6,909$4,830$3,303$2,217$1,467$1,163
33 years$6,626$4,574$3,084$2,039$1,328$1,043
34 years$6,361$4,335$2,881$1,876$1,202$936
35 years$6,112$4,111$2,694$1,727$1,089$840
36 years$5,876$3,902$2,520$1,590$986$754
37 years$5,655$3,706$2,359$1,465$894$677
38 years$5,445$3,522$2,209$1,351$810$608
39 years$5,247$3,349$2,069$1,245$735$546
40 years$5,058$3,187$1,940$1,149$667$491
41 years$4,880$3,033$1,819$1,060$605$441
42 years$4,711$2,889$1,706$978$549$397
43 years$4,550$2,753$1,601$903$498$357
44 years$4,396$2,624$1,503$834$452$321
45 years$4,250$2,502$1,411$770$410$288
46 years$4,111$2,387$1,325$711$373$259
47 years$3,978$2,278$1,245$657$338$233
48 years$3,850$2,174$1,170$607$307$210
49 years$3,729$2,076$1,100$561$279$189
50 years$3,612$1,984$1,034$519$253$170

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 $4,427 every year, while hoping to spend $33,228 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: 79/9/12 Blend
66$3,700,000$3,700,000$3,700,000$3,700,000
67$4,081,966$3,885,866$3,828,516$4,394,949
68$4,462,973$4,040,920$3,921,417$4,756,359
69$4,881,728$4,202,457$4,016,317$5,148,038
70$5,342,047$4,370,760$4,113,247$5,576,796
71$5,848,135$4,546,126$4,212,239$6,046,324
72$6,404,620$4,728,862$4,313,325$6,560,687
73$7,016,607$4,919,292$4,416,537$7,124,362
74$7,689,716$5,117,752$4,521,906$7,742,277
75$8,430,140$5,324,595$4,629,463$8,419,862
76$9,244,704$5,540,190$4,739,240$9,163,098
77$10,140,927$5,764,922$4,851,267$9,978,568
78$11,127,091$5,999,193$4,965,574$10,873,529
79$12,212,326$6,243,425$5,082,193$11,855,969
80$13,406,689$6,498,058$5,201,151$12,934,689
81$14,721,260$6,763,553$5,322,479$14,119,385
82$16,168,252$7,040,389$5,446,205$15,420,736
83$17,761,117$7,329,072$5,572,356$16,850,505
84$19,514,681$7,630,127$5,700,960$18,421,653
85$21,445,279$7,944,104$5,832,044$20,148,456
86$23,570,912$8,271,579$5,965,631$22,046,642
87$25,911,413$8,613,154$6,101,748$24,133,537
88$28,488,638$8,969,459$6,240,417$26,428,233
89$31,326,668$9,341,152$6,381,660$28,951,758
90$34,452,042$9,728,922$6,525,499$31,727,285
91$37,894,000$10,133,490$6,671,954$34,780,339
92$41,684,766$10,555,608$6,821,042$38,139,048
93$45,859,845$10,996,066$6,972,780$41,834,400
94$50,458,364$11,455,689$7,127,183$45,900,536
95$55,523,438$11,935,338$7,284,264$50,375,075
96$61,102,577$12,435,918$7,444,035$55,299,465
97$67,248,134$12,958,371$7,606,504$60,719,374
98$74,017,800$13,503,688$7,771,678$66,685,122
99$81,475,148$14,072,901$7,939,562$73,252,152
100$89,690,233$14,667,093$8,110,157$80,481,554