Can I retire at age 67 with 2,910,000?

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 $2,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$240,305$238,165$236,076$234,038$232,047$225,797
2 years$118,963$116,747$114,600$112,518$110,499$104,246
3 years$78,521$76,296$74,154$72,091$70,105$64,046
4 years$58,304$56,085$53,965$51,938$49,999$44,180
5 years$46,177$43,972$41,879$39,893$38,009$32,446
6 years$38,095$35,906$33,845$31,903$30,075$24,774
7 years$32,324$30,154$28,125$26,229$24,459$19,419
8 years$27,998$25,847$23,852$22,003$20,291$15,511
9 years$24,635$22,505$20,544$18,742$17,088$12,562
10 years$21,946$19,837$17,911$16,156$14,560$10,283
11 years$19,748$17,660$15,768$14,060$12,522$8,488
12 years$17,917$15,850$13,994$12,333$10,851$7,052
13 years$16,369$14,324$12,503$10,888$9,463$5,890
14 years$15,044$13,020$11,234$9,665$8,295$4,941
15 years$13,896$11,894$10,142$8,620$7,303$4,160
16 years$12,892$10,913$9,196$7,718$6,455$3,512
17 years$12,008$10,050$8,368$6,934$5,723$2,972
18 years$11,223$9,287$7,639$6,249$5,089$2,521
19 years$10,521$8,607$6,993$5,647$4,536$2,141
20 years$9,890$7,998$6,418$5,114$4,051$1,822
21 years$9,320$7,450$5,903$4,641$3,626$1,552
22 years$8,803$6,954$5,441$4,220$3,250$1,323
23 years$8,331$6,504$5,023$3,843$2,917$1,129
24 years$7,899$6,094$4,646$3,505$2,622$964
25 years$7,502$5,719$4,303$3,201$2,359$824
26 years$7,137$5,375$3,991$2,927$2,125$704
27 years$6,799$5,058$3,706$2,679$1,916$602
28 years$6,486$4,766$3,445$2,455$1,729$515
29 years$6,195$4,497$3,206$2,251$1,561$441
30 years$5,924$4,246$2,986$2,066$1,411$378
31 years$5,670$4,014$2,784$1,897$1,275$324
32 years$5,433$3,798$2,597$1,744$1,154$277
33 years$5,211$3,597$2,425$1,604$1,044$237
34 years$5,003$3,409$2,266$1,475$945$203
35 years$4,807$3,234$2,119$1,358$856$174
36 years$4,622$3,069$1,982$1,251$776$149
37 years$4,447$2,915$1,855$1,152$703$128
38 years$4,282$2,770$1,737$1,062$637$110
39 years$4,126$2,634$1,627$979$578$94
40 years$3,978$2,506$1,525$903$524$81
41 years$3,838$2,386$1,430$834$476$69
42 years$3,705$2,272$1,342$769$432$59
43 years$3,578$2,165$1,259$710$392$51
44 years$3,457$2,064$1,182$656$356$44
45 years$3,343$1,968$1,110$606$323$37
46 years$3,233$1,877$1,042$559$293$32
47 years$3,128$1,791$979$517$266$27
48 years$3,028$1,710$920$477$242$24
49 years$2,933$1,633$865$441$219$20
50 years$2,841$1,560$813$408$199$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,910,000, adding $3,341 every year, while hoping to spend $27,280 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: 41/38/21 Blend
66$2,910,000$2,910,000$2,910,000$2,910,000
67$3,210,266$3,056,036$3,010,931$3,321,905
68$3,508,688$3,176,756$3,082,772$3,522,642
69$3,836,634$3,302,477$3,156,105$3,736,907
70$4,197,087$3,433,416$3,230,951$3,968,269
71$4,593,334$3,569,797$3,307,332$4,218,309
72$5,028,995$3,711,858$3,385,268$4,488,760
73$5,508,058$3,859,844$3,464,780$4,781,527
74$6,034,918$4,014,014$3,545,888$5,098,704
75$6,614,416$4,174,638$3,628,612$5,442,589
76$7,251,887$4,341,995$3,712,971$5,815,708
77$7,953,208$4,516,382$3,798,984$6,220,840
78$8,724,855$4,698,105$3,886,670$6,661,037
79$9,573,964$4,887,485$3,976,047$7,139,654
80$10,508,395$5,084,859$4,067,132$7,660,381
81$11,536,812$5,290,578$4,159,941$8,227,277
82$12,668,760$5,505,009$4,254,492$8,844,803
83$13,914,754$5,728,535$4,350,798$9,517,867
84$15,286,384$5,961,558$4,448,875$10,251,869
85$16,796,418$6,204,498$4,548,735$11,052,748
86$18,458,927$6,457,792$4,650,392$11,927,038
87$20,289,414$6,721,901$4,753,857$12,881,931
88$22,304,963$6,997,302$4,859,139$13,925,338
89$24,524,397$7,284,498$4,966,248$15,065,966
90$26,968,460$7,584,012$5,075,192$16,313,398
91$29,660,008$7,896,394$5,185,976$17,678,181
92$32,624,228$8,222,217$5,298,606$19,171,925
93$35,888,875$8,562,081$5,413,084$20,807,409
94$39,484,529$8,916,612$5,529,412$22,598,703
95$43,444,893$9,286,468$5,647,589$24,561,293
96$47,807,102$9,672,335$5,767,613$26,712,232
97$52,612,077$10,074,930$5,889,478$29,070,294
98$57,904,911$10,495,004$6,013,179$31,656,152
99$63,735,297$10,933,344$6,138,705$34,492,568
100$70,157,991$11,390,771$6,266,045$37,604,608