Can I retire at age 67 with 2,800,000?

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 $2,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$231,221$229,162$227,152$225,191$223,276$218,500
2 years$114,466$112,334$110,268$108,265$106,322$101,533
3 years$75,553$73,412$71,351$69,366$67,455$62,804
4 years$56,100$53,965$51,925$49,975$48,109$43,631
5 years$44,431$42,309$40,296$38,385$36,572$32,279
6 years$36,655$34,549$32,565$30,697$28,938$24,835
7 years$31,102$29,014$27,062$25,238$23,535$19,622
8 years$26,940$24,870$22,951$21,171$19,524$15,801
9 years$23,704$21,654$19,767$18,033$16,442$12,906
10 years$21,117$19,087$17,234$15,545$14,010$10,657
11 years$19,001$16,992$15,172$13,529$12,049$8,875
12 years$17,240$15,251$13,465$11,866$10,441$7,442
13 years$15,750$13,783$12,030$10,476$9,105$6,274
14 years$14,475$12,528$10,809$9,300$7,981$5,314
15 years$13,370$11,445$9,759$8,294$7,027$4,517
16 years$12,405$10,500$8,848$7,426$6,211$3,852
17 years$11,554$9,670$8,051$6,672$5,507$3,294
18 years$10,799$8,936$7,350$6,013$4,896$2,822
19 years$10,123$8,282$6,728$5,433$4,364$2,423
20 years$9,516$7,696$6,175$4,921$3,898$2,083
21 years$8,968$7,168$5,680$4,466$3,489$1,793
22 years$8,470$6,691$5,235$4,061$3,127$1,546
23 years$8,016$6,258$4,833$3,698$2,807$1,333
24 years$7,601$5,864$4,470$3,373$2,523$1,151
25 years$7,219$5,503$4,140$3,080$2,270$995
26 years$6,867$5,172$3,840$2,816$2,045$860
27 years$6,542$4,867$3,566$2,578$1,844$744
28 years$6,241$4,586$3,315$2,362$1,664$644
29 years$5,961$4,327$3,085$2,166$1,502$558
30 years$5,700$4,086$2,873$1,988$1,357$483
31 years$5,456$3,863$2,679$1,826$1,227$419
32 years$5,228$3,655$2,499$1,678$1,110$363
33 years$5,014$3,461$2,334$1,543$1,005$314
34 years$4,814$3,280$2,180$1,420$910$273
35 years$4,625$3,111$2,038$1,307$824$236
36 years$4,447$2,953$1,907$1,204$746$205
37 years$4,279$2,805$1,785$1,109$677$178
38 years$4,120$2,666$1,671$1,022$613$154
39 years$3,970$2,535$1,566$942$556$134
40 years$3,828$2,412$1,468$869$504$116
41 years$3,693$2,296$1,376$802$458$101
42 years$3,565$2,186$1,291$740$415$87
43 years$3,443$2,083$1,211$683$377$76
44 years$3,327$1,986$1,137$631$342$66
45 years$3,216$1,893$1,068$583$311$57
46 years$3,111$1,806$1,003$538$282$50
47 years$3,010$1,724$942$497$256$43
48 years$2,914$1,646$885$459$233$37
49 years$2,822$1,571$832$425$211$32
50 years$2,734$1,501$782$392$192$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,800,000, adding $5,914 every year, while hoping to spend $41,907 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: 78/8/14 Blend
66$2,800,000$2,800,000$2,800,000$2,800,000
67$3,091,700$2,943,300$2,899,900$3,323,552
68$3,362,465$3,042,933$2,952,458$3,576,726
69$3,659,443$3,146,044$3,005,372$3,848,429
70$3,985,264$3,252,758$3,058,610$4,145,279
71$4,342,825$3,363,206$3,112,137$4,469,769
72$4,735,315$3,477,526$3,165,916$4,824,648
73$5,166,249$3,595,856$3,219,906$5,212,944
74$5,639,498$3,718,345$3,274,065$5,637,990
75$6,159,327$3,845,144$3,328,346$6,103,459
76$6,730,433$3,976,411$3,382,700$6,613,393
77$7,357,992$4,112,310$3,437,076$7,172,249
78$8,047,706$4,253,011$3,491,416$7,784,932
79$8,805,854$4,398,692$3,545,661$8,456,850
80$9,639,359$4,549,535$3,599,748$9,193,956
81$10,555,843$4,705,731$3,653,609$10,002,810
82$11,563,706$4,867,480$3,707,172$10,890,638
83$12,672,203$5,034,985$3,760,361$11,865,402
84$13,891,531$5,208,462$3,813,096$12,935,873
85$15,232,923$5,388,132$3,865,291$14,111,713
86$16,708,757$5,574,227$3,916,854$15,403,568
87$18,332,671$5,766,985$3,967,690$16,823,168
88$20,119,693$5,966,657$4,017,697$18,383,436
89$22,086,380$6,173,501$4,066,767$20,098,610
90$24,250,974$6,387,787$4,114,788$21,984,377
91$26,633,579$6,609,793$4,161,638$24,058,023
92$29,256,342$6,839,812$4,207,192$26,338,593
93$32,143,671$7,078,145$4,251,315$28,847,071
94$35,322,458$7,325,106$4,293,866$31,606,580
95$38,822,335$7,581,023$4,334,697$34,642,596
96$42,675,955$7,846,234$4,373,651$37,983,192
97$46,919,297$8,121,094$4,410,563$41,659,301
98$51,592,007$8,405,969$4,445,259$45,705,007
99$56,737,772$8,701,242$4,477,555$50,157,867
100$62,404,732$9,007,310$4,507,260$55,059,266