Can I retire at age 67 with 3,100,000?

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 $3,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$255,995$253,715$251,490$249,319$247,198$238,808
2 years$126,730$124,370$122,083$119,865$117,714$109,344
3 years$83,648$81,277$78,996$76,799$74,682$66,597
4 years$62,110$59,747$57,489$55,329$53,264$45,525
5 years$49,192$46,843$44,613$42,498$40,490$33,118
6 years$40,582$38,251$36,054$33,986$32,039$25,038
7 years$34,434$32,123$29,961$27,942$26,056$19,427
8 years$29,826$27,535$25,410$23,440$21,616$15,353
9 years$26,243$23,974$21,885$19,965$18,204$12,299
10 years$23,379$21,132$19,080$17,210$15,511$9,955
11 years$21,037$18,813$16,798$14,978$13,340$8,122
12 years$19,087$16,885$14,908$13,138$11,560$6,668
13 years$17,438$15,259$13,319$11,599$10,080$5,502
14 years$16,026$13,870$11,967$10,296$8,836$4,558
15 years$14,803$12,671$10,805$9,182$7,780$3,789
16 years$13,734$11,625$9,796$8,222$6,876$3,158
17 years$12,792$10,706$8,914$7,387$6,097$2,638
18 years$11,956$9,893$8,137$6,657$5,421$2,207
19 years$11,208$9,169$7,449$6,015$4,832$1,850
20 years$10,536$8,520$6,837$5,448$4,316$1,552
21 years$9,929$7,936$6,288$4,945$3,862$1,304
22 years$9,377$7,408$5,796$4,496$3,462$1,096
23 years$8,875$6,929$5,351$4,094$3,108$922
24 years$8,415$6,492$4,949$3,734$2,793$776
25 years$7,992$6,092$4,584$3,410$2,514$654
26 years$7,603$5,726$4,251$3,118$2,264$551
27 years$7,243$5,389$3,948$2,854$2,041$464
28 years$6,909$5,078$3,670$2,615$1,842$392
29 years$6,599$4,790$3,415$2,398$1,663$330
30 years$6,310$4,524$3,181$2,201$1,503$279
31 years$6,041$4,276$2,966$2,021$1,359$235
32 years$5,788$4,046$2,767$1,858$1,229$198
33 years$5,552$3,832$2,584$1,708$1,112$167
34 years$5,329$3,632$2,414$1,572$1,007$141
35 years$5,120$3,445$2,257$1,447$912$119
36 years$4,924$3,270$2,111$1,333$826$101
37 years$4,738$3,105$1,976$1,228$749$85
38 years$4,562$2,951$1,850$1,132$679$72
39 years$4,396$2,806$1,734$1,043$616$61
40 years$4,238$2,670$1,625$962$559$51
41 years$4,089$2,542$1,524$888$507$43
42 years$3,947$2,420$1,429$819$460$37
43 years$3,812$2,306$1,341$756$417$31
44 years$3,683$2,198$1,259$698$379$26
45 years$3,561$2,096$1,182$645$344$22
46 years$3,444$2,000$1,110$596$312$19
47 years$3,333$1,908$1,043$550$283$16
48 years$3,226$1,822$980$509$257$13
49 years$3,124$1,740$921$470$234$11
50 years$3,027$1,662$866$435$212$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $3,100,000, adding $2,051 every year, while hoping to spend $25,254 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: 65/6/29 Blend
66$3,100,000$3,100,000$3,100,000$3,100,000
67$3,418,316$3,254,016$3,205,966$3,614,056
68$3,740,114$3,386,592$3,286,495$3,879,329
69$4,093,889$3,524,819$3,368,877$4,166,196
70$4,482,876$3,668,945$3,453,144$4,479,224
71$4,910,639$3,819,234$3,539,335$4,820,994
72$5,381,105$3,975,957$3,627,483$5,194,345
73$5,898,601$4,139,402$3,717,627$5,602,408
74$6,467,893$4,309,867$3,809,802$6,048,625
75$7,094,232$4,487,665$3,904,045$6,536,789
76$7,783,407$4,673,124$4,000,393$7,071,078
77$8,541,793$4,866,585$4,098,885$7,656,091
78$9,376,416$5,068,408$4,199,557$8,296,896
79$10,295,016$5,278,965$4,302,448$8,999,070
80$11,306,122$5,498,649$4,407,595$9,768,761
81$12,419,133$5,727,870$4,515,036$10,612,736
82$13,644,405$5,967,055$4,624,810$11,538,454
83$14,993,348$6,216,655$4,736,954$12,554,126
84$16,478,535$6,477,136$4,851,508$13,668,800
85$18,113,821$6,748,992$4,968,509$14,892,443
86$19,914,472$7,032,734$5,087,995$16,236,033
87$21,897,311$7,328,900$5,210,005$17,711,666
88$24,080,873$7,638,052$5,334,577$19,332,666
89$26,485,584$7,960,779$5,461,748$21,113,712
90$29,133,953$8,297,697$5,591,556$23,070,978
91$32,050,781$8,649,449$5,724,037$25,222,280
92$35,263,398$9,016,709$5,859,230$27,587,249
93$38,801,920$9,400,183$5,997,170$30,187,511
94$42,699,534$9,800,610$6,137,893$33,046,897
95$46,992,808$10,218,762$6,281,434$36,191,659
96$51,722,041$10,655,447$6,427,829$39,650,724
97$56,931,639$11,111,514$6,577,110$43,455,965
98$62,670,535$11,587,847$6,729,312$47,642,498
99$68,992,652$12,085,374$6,884,467$52,249,017
100$75,957,411$12,605,067$7,042,606$57,318,155