Can I retire at age 67 with 2,820,000?

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 $2,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$232,873$230,799$228,775$226,800$224,871$220,240
2 years$115,284$113,137$111,056$109,038$107,081$102,437
3 years$76,092$73,936$71,860$69,862$67,937$63,424
4 years$56,501$54,351$52,296$50,332$48,453$44,107
5 years$44,748$42,612$40,584$38,659$36,833$32,665
6 years$36,916$34,796$32,798$30,916$29,145$25,160
7 years$31,324$29,221$27,255$25,418$23,703$19,901
8 years$27,132$25,048$23,114$21,323$19,664$16,045
9 years$23,873$21,809$19,909$18,162$16,560$13,121
10 years$21,267$19,223$17,357$15,656$14,110$10,847
11 years$19,137$17,113$15,281$13,625$12,135$9,045
12 years$17,363$15,360$13,561$11,951$10,516$7,594
13 years$15,863$13,881$12,116$10,551$9,170$6,411
14 years$14,578$12,618$10,886$9,366$8,038$5,437
15 years$13,466$11,526$9,829$8,353$7,078$4,629
16 years$12,494$10,575$8,911$7,479$6,255$3,953
17 years$11,637$9,739$8,109$6,720$5,546$3,384
18 years$10,876$9,000$7,402$6,056$4,931$2,904
19 years$10,196$8,341$6,777$5,472$4,396$2,497
20 years$9,584$7,751$6,219$4,956$3,926$2,150
21 years$9,032$7,219$5,720$4,498$3,513$1,854
22 years$8,530$6,739$5,272$4,090$3,149$1,600
23 years$8,073$6,303$4,868$3,725$2,827$1,383
24 years$7,655$5,905$4,502$3,397$2,541$1,196
25 years$7,270$5,542$4,170$3,102$2,287$1,035
26 years$6,916$5,209$3,867$2,837$2,060$896
27 years$6,589$4,902$3,591$2,596$1,857$777
28 years$6,285$4,619$3,338$2,379$1,676$673
29 years$6,003$4,357$3,107$2,181$1,513$584
30 years$5,740$4,115$2,894$2,002$1,367$507
31 years$5,495$3,890$2,698$1,839$1,236$440
32 years$5,265$3,681$2,517$1,690$1,118$382
33 years$5,050$3,486$2,350$1,554$1,012$331
34 years$4,848$3,304$2,196$1,430$916$288
35 years$4,658$3,134$2,053$1,316$830$250
36 years$4,479$2,974$1,921$1,212$752$217
37 years$4,310$2,825$1,798$1,117$681$189
38 years$4,150$2,685$1,683$1,029$618$164
39 years$3,999$2,553$1,577$949$560$142
40 years$3,855$2,429$1,478$875$508$124
41 years$3,719$2,312$1,386$808$461$108
42 years$3,590$2,202$1,300$745$418$94
43 years$3,467$2,098$1,220$688$380$81
44 years$3,351$2,000$1,145$635$345$71
45 years$3,239$1,907$1,075$587$313$61
46 years$3,133$1,819$1,010$542$284$53
47 years$3,032$1,736$949$501$258$46
48 years$2,935$1,657$892$463$234$40
49 years$2,842$1,583$838$428$213$35
50 years$2,753$1,512$788$395$193$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,820,000, adding $6,643 every year, while hoping to spend $24,823 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: 79/16/5 Blend
66$2,820,000$2,820,000$2,820,000$2,820,000
67$3,114,492$2,965,032$2,921,322$3,359,408
68$3,405,759$3,083,907$2,992,775$3,639,620
69$3,725,903$3,207,775$3,065,790$3,942,969
70$4,077,843$3,336,855$3,140,392$4,274,958
71$4,464,797$3,471,374$3,216,608$4,638,428
72$4,890,306$3,611,571$3,294,465$5,036,504
73$5,358,276$3,757,697$3,373,988$5,472,629
74$5,873,006$3,910,010$3,455,203$5,950,592
75$6,439,238$4,068,786$3,538,137$6,474,566
76$7,062,191$4,234,307$3,622,815$7,049,147
77$7,747,619$4,406,873$3,709,264$7,679,394
78$8,501,861$4,586,794$3,797,510$8,370,879
79$9,331,901$4,774,398$3,887,577$9,129,739
80$10,245,435$4,970,023$3,979,491$9,962,732
81$11,250,943$5,174,028$4,073,277$10,877,302
82$12,357,767$5,386,783$4,168,959$11,881,647
83$13,576,203$5,608,679$4,266,563$12,984,795
84$14,917,594$5,840,123$4,366,112$14,196,693
85$16,394,442$6,081,542$4,467,629$15,528,295
86$18,020,517$6,333,380$4,571,138$16,991,669
87$19,810,999$6,596,104$4,676,660$18,600,106
88$21,782,610$6,870,203$4,784,217$20,368,249
89$23,953,779$7,156,185$4,893,830$22,312,227
90$26,344,810$7,454,584$5,005,520$24,449,810
91$28,978,082$7,765,959$5,119,305$26,800,573
92$31,878,248$8,090,894$5,235,205$29,386,079
93$35,072,481$8,429,999$5,353,235$32,230,087
94$38,590,719$8,783,914$5,473,414$35,358,768
95$42,465,954$9,153,307$5,595,754$38,800,959
96$46,734,540$9,538,879$5,720,271$42,588,427
97$51,436,540$9,941,360$5,846,977$46,756,173
98$56,616,099$10,361,519$5,975,883$51,342,758
99$62,321,863$10,800,155$6,106,997$56,390,668
100$68,607,439$11,258,109$6,240,327$61,946,714