Can I retire at age 67 with 2,860,000?

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 $2,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$236,176$234,072$232,020$230,017$228,060$223,547
2 years$116,919$114,741$112,631$110,585$108,600$104,072
3 years$77,172$74,985$72,880$70,853$68,900$64,499
4 years$57,302$55,122$53,038$51,045$49,140$44,899
5 years$45,383$43,216$41,159$39,208$37,356$33,287
6 years$37,440$35,289$33,263$31,355$29,558$25,667
7 years$31,769$29,636$27,642$25,779$24,039$20,325
8 years$27,517$25,403$23,442$21,625$19,943$16,405
9 years$24,212$22,118$20,191$18,420$16,794$13,432
10 years$21,569$19,496$17,603$15,878$14,310$11,118
11 years$19,408$17,356$15,497$13,819$12,307$9,283
12 years$17,609$15,578$13,753$12,121$10,665$7,804
13 years$16,088$14,078$12,288$10,701$9,300$6,597
14 years$14,785$12,796$11,041$9,499$8,152$5,603
15 years$13,657$11,690$9,968$8,471$7,178$4,776
16 years$12,671$10,725$9,038$7,585$6,344$4,084
17 years$11,802$9,878$8,224$6,815$5,625$3,502
18 years$11,030$9,127$7,507$6,142$5,001$3,009
19 years$10,340$8,459$6,873$5,550$4,458$2,591
20 years$9,720$7,861$6,307$5,026$3,982$2,234
21 years$9,160$7,322$5,802$4,562$3,563$1,930
22 years$8,651$6,835$5,347$4,148$3,194$1,668
23 years$8,188$6,392$4,937$3,777$2,867$1,444
24 years$7,763$5,989$4,566$3,445$2,577$1,251
25 years$7,374$5,621$4,229$3,146$2,319$1,084
26 years$7,014$5,282$3,922$2,877$2,089$940
27 years$6,682$4,971$3,642$2,633$1,883$816
28 years$6,374$4,684$3,386$2,413$1,699$709
29 years$6,088$4,419$3,151$2,212$1,534$616
30 years$5,822$4,174$2,935$2,030$1,386$535
31 years$5,573$3,945$2,736$1,865$1,253$465
32 years$5,340$3,733$2,553$1,714$1,134$404
33 years$5,122$3,535$2,384$1,576$1,026$352
34 years$4,917$3,351$2,227$1,450$929$306
35 years$4,724$3,178$2,082$1,335$841$266
36 years$4,542$3,016$1,948$1,229$762$232
37 years$4,371$2,865$1,823$1,133$691$202
38 years$4,209$2,723$1,707$1,044$626$175
39 years$4,055$2,589$1,599$963$568$153
40 years$3,910$2,463$1,499$888$515$133
41 years$3,772$2,345$1,406$819$467$116
42 years$3,641$2,233$1,319$756$424$101
43 years$3,517$2,128$1,237$698$385$88
44 years$3,398$2,028$1,162$644$349$76
45 years$3,285$1,934$1,091$595$317$67
46 years$3,177$1,845$1,024$550$288$58
47 years$3,075$1,761$962$508$262$50
48 years$2,976$1,681$904$469$238$44
49 years$2,882$1,605$850$434$216$38
50 years$2,792$1,533$799$401$196$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,860,000, adding $3,498 every year, while hoping to spend $28,804 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: 44/30/26 Blend
66$2,860,000$2,860,000$2,860,000$2,860,000
67$3,155,328$3,003,748$2,959,418$3,270,214
68$3,446,524$3,120,285$3,027,911$3,468,827
69$3,766,457$3,241,566$3,097,734$3,680,952
70$4,118,028$3,367,794$3,168,900$3,910,336
71$4,504,431$3,499,181$3,241,422$4,158,600
72$4,929,188$3,635,945$3,315,315$4,427,524
73$5,396,177$3,778,319$3,390,590$4,719,064
74$5,909,671$3,926,541$3,467,259$5,035,372
75$6,474,380$4,080,863$3,545,334$5,378,812
76$7,095,489$4,241,548$3,624,825$5,751,985
77$7,778,714$4,408,869$3,705,742$6,157,751
78$8,530,352$4,583,112$3,788,093$6,599,255
79$9,357,340$4,764,577$3,871,887$7,079,958
80$10,267,323$4,953,576$3,957,130$7,603,667
81$11,268,724$5,150,436$4,043,828$8,174,570
82$12,370,823$5,355,496$4,131,985$8,797,276
83$13,583,846$5,569,114$4,221,605$9,476,856
84$14,919,060$5,791,663$4,312,691$10,218,891
85$16,388,880$6,023,530$4,405,242$11,029,524
86$18,006,986$6,265,123$4,499,258$11,915,515
87$19,788,452$6,516,868$4,594,736$12,884,307
88$21,749,887$6,779,207$4,691,673$13,944,093
89$23,909,594$7,052,606$4,790,062$15,103,891
90$26,287,738$7,337,550$4,889,895$16,373,630
91$28,906,544$7,634,546$4,991,163$17,764,243
92$31,790,498$7,944,125$5,093,853$19,287,768
93$34,966,583$8,266,842$5,197,951$20,957,457
94$38,464,532$8,603,275$5,303,440$22,787,908
95$42,317,110$8,954,031$5,410,301$24,795,191
96$46,560,420$9,319,743$5,518,511$26,997,006
97$51,234,247$9,701,075$5,628,046$29,412,847
98$56,382,432$10,098,720$5,738,877$32,064,181
99$62,053,284$10,513,401$5,850,973$34,974,652
100$68,300,038$10,945,876$5,964,300$38,170,303