Can I retire at age 67 with 3,900,000?

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 $3,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$322,058$319,190$316,391$313,659$310,991$303,104
2 years$159,435$156,466$153,588$150,798$148,091$140,196
3 years$105,234$102,252$99,381$96,617$93,955$86,299
4 years$78,139$75,166$72,324$69,607$67,010$59,652
5 years$61,886$58,931$56,127$53,465$50,940$43,900
6 years$51,055$48,122$45,359$42,757$40,307$33,593
7 years$43,321$40,412$37,693$35,153$32,780$26,392
8 years$37,523$34,641$31,967$29,489$27,194$21,129
9 years$33,016$30,161$27,533$25,118$22,902$17,155
10 years$29,412$26,586$24,004$21,652$19,513$14,077
11 years$26,466$23,668$21,133$18,843$16,782$11,649
12 years$24,013$21,243$18,755$16,528$14,543$9,704
13 years$21,938$19,197$16,756$14,592$12,682$8,127
14 years$20,161$17,450$15,055$12,953$11,117$6,836
15 years$18,623$15,941$13,593$11,552$9,788$5,771
16 years$17,278$14,625$12,324$10,343$8,651$4,887
17 years$16,093$13,469$11,214$9,294$7,670$4,148
18 years$15,041$12,446$10,237$8,375$6,820$3,528
19 years$14,100$11,535$9,372$7,568$6,079$3,006
20 years$13,255$10,719$8,601$6,854$5,430$2,565
21 years$12,491$9,984$7,911$6,221$4,859$2,191
22 years$11,797$9,320$7,291$5,656$4,355$1,874
23 years$11,165$8,717$6,732$5,151$3,910$1,604
24 years$10,586$8,167$6,226$4,698$3,514$1,375
25 years$10,055$7,664$5,767$4,290$3,162$1,178
26 years$9,565$7,203$5,348$3,923$2,848$1,011
27 years$9,112$6,779$4,966$3,591$2,568$867
28 years$8,692$6,388$4,617$3,290$2,317$745
29 years$8,302$6,026$4,296$3,017$2,092$639
30 years$7,939$5,691$4,002$2,769$1,891$549
31 years$7,599$5,380$3,731$2,543$1,709$472
32 years$7,282$5,091$3,481$2,337$1,546$406
33 years$6,984$4,821$3,250$2,149$1,399$349
34 years$6,705$4,569$3,037$1,977$1,267$300
35 years$6,442$4,334$2,839$1,820$1,147$258
36 years$6,194$4,113$2,656$1,676$1,040$222
37 years$5,960$3,907$2,486$1,545$942$191
38 years$5,739$3,713$2,328$1,424$854$164
39 years$5,530$3,531$2,181$1,313$775$141
40 years$5,332$3,359$2,044$1,211$703$121
41 years$5,144$3,197$1,917$1,117$637$104
42 years$4,965$3,045$1,798$1,031$578$90
43 years$4,795$2,901$1,687$952$525$77
44 years$4,634$2,766$1,584$879$477$66
45 years$4,480$2,637$1,487$812$433$57
46 years$4,333$2,516$1,397$750$393$49
47 years$4,193$2,401$1,312$693$357$42
48 years$4,059$2,292$1,233$640$324$36
49 years$3,930$2,189$1,159$591$294$31
50 years$3,808$2,091$1,090$547$267$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $3,900,000, adding $4,744 every year, while hoping to spend $54,217 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: 72/16/12 Blend
66$3,900,000$3,900,000$3,900,000$3,900,000
67$4,302,693$4,095,993$4,035,543$4,601,471
68$4,683,882$4,239,011$4,113,048$4,942,875
69$5,102,134$4,387,219$4,191,331$5,309,473
70$5,561,174$4,540,814$4,270,363$5,709,434
71$6,065,102$4,700,003$4,350,109$6,146,044
72$6,618,437$4,864,997$4,430,532$6,622,919
73$7,226,155$5,036,019$4,511,592$7,144,039
74$7,893,738$5,213,300$4,593,245$7,713,789
75$8,627,225$5,397,078$4,675,445$8,336,994
76$9,433,271$5,587,603$4,758,142$9,018,969
77$10,319,205$5,785,136$4,841,279$9,765,568
78$11,293,101$5,989,945$4,924,800$10,583,234
79$12,363,858$6,202,313$5,008,641$11,479,068
80$13,541,275$6,422,530$5,092,734$12,460,887
81$14,836,153$6,650,901$5,177,008$13,537,301
82$16,260,389$6,887,744$5,261,386$14,717,795
83$17,827,091$7,133,386$5,345,786$16,012,814
84$19,550,704$7,388,172$5,430,119$17,433,867
85$21,447,141$7,652,457$5,514,293$18,993,627
86$23,533,935$7,926,613$5,598,208$20,706,057
87$25,830,407$8,211,028$5,681,758$22,586,539
88$28,357,843$8,506,103$5,764,832$24,652,016
89$31,139,699$8,812,258$5,847,310$26,921,154
90$34,201,819$9,129,930$5,929,065$29,414,517
91$37,572,681$9,459,572$6,009,965$32,154,760
92$41,283,661$9,801,658$6,089,866$35,166,842
93$45,369,337$10,156,682$6,168,619$38,478,261
94$49,867,806$10,525,156$6,246,064$42,119,312
95$54,821,049$10,907,615$6,322,034$46,123,374
96$60,275,325$11,304,617$6,396,350$50,527,222
97$66,281,606$11,716,741$6,468,826$55,371,375
98$72,896,061$12,144,593$6,539,263$60,700,475
99$80,180,583$12,588,802$6,607,453$66,563,713
100$88,203,374$13,050,025$6,673,174$73,015,284