Can I retire at age 67 with 3,500,000?

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 $3,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$289,027$286,452$283,940$281,489$279,095$276,065
2 years$143,083$140,418$137,835$135,331$132,902$129,852
3 years$94,441$91,765$89,188$86,708$84,319$81,342
4 years$70,125$67,457$64,906$62,468$60,137$57,257
5 years$55,539$52,887$50,370$47,982$45,715$42,941
6 years$45,818$43,186$40,706$38,371$36,173$33,507
7 years$38,878$36,268$33,827$31,547$29,418$26,862
8 years$33,674$31,088$28,688$26,464$24,405$21,959
9 years$29,630$27,068$24,709$22,542$20,553$18,215
10 years$26,396$23,859$21,542$19,431$17,512$15,281
11 years$23,752$21,240$18,965$16,911$15,061$12,935
12 years$21,550$19,064$16,831$14,833$13,051$11,029
13 years$19,688$17,228$15,038$13,095$11,381$9,459
14 years$18,094$15,660$13,511$11,625$9,977$8,153
15 years$16,713$14,306$12,199$10,367$8,784$7,055
16 years$15,506$13,125$11,060$9,283$7,763$6,127
17 years$14,443$12,088$10,064$8,340$6,884$5,336
18 years$13,498$11,170$9,187$7,516$6,121$4,659
19 years$12,654$10,352$8,411$6,792$5,455$4,076
20 years$11,895$9,620$7,719$6,151$4,873$3,573
21 years$11,210$8,960$7,100$5,583$4,361$3,137
22 years$10,587$8,364$6,544$5,076$3,909$2,759
23 years$10,020$7,823$6,042$4,623$3,509$2,428
24 years$9,501$7,329$5,588$4,216$3,154$2,140
25 years$9,024$6,878$5,175$3,850$2,838$1,887
26 years$8,584$6,464$4,800$3,521$2,556$1,666
27 years$8,177$6,084$4,457$3,223$2,305$1,472
28 years$7,801$5,733$4,143$2,953$2,080$1,301
29 years$7,451$5,408$3,856$2,708$1,878$1,151
30 years$7,124$5,107$3,592$2,485$1,697$1,018
31 years$6,820$4,828$3,348$2,282$1,534$901
32 years$6,535$4,569$3,124$2,097$1,388$798
33 years$6,268$4,326$2,917$1,929$1,256$707
34 years$6,017$4,100$2,725$1,775$1,137$626
35 years$5,781$3,889$2,548$1,634$1,030$555
36 years$5,559$3,691$2,384$1,504$933$492
37 years$5,349$3,506$2,231$1,386$846$436
38 years$5,151$3,332$2,089$1,278$767$387
39 years$4,963$3,168$1,957$1,178$695$343
40 years$4,785$3,014$1,835$1,087$631$305
41 years$4,616$2,869$1,720$1,003$572$270
42 years$4,456$2,733$1,614$925$519$240
43 years$4,304$2,604$1,514$854$471$213
44 years$4,158$2,482$1,421$789$428$189
45 years$4,020$2,367$1,335$728$388$168
46 years$3,888$2,258$1,254$673$352$149
47 years$3,763$2,155$1,178$622$320$132
48 years$3,642$2,057$1,107$574$291$117
49 years$3,527$1,964$1,040$531$264$104
50 years$3,417$1,876$978$491$240$92

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $3,500,000, adding $2,845 every year, while hoping to spend $37,363 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: 65/13/22 Blend
66$3,500,000$3,500,000$3,500,000$3,500,000
67$3,859,935$3,674,435$3,620,185$4,088,840
68$4,213,894$3,814,728$3,701,707$4,383,466
69$4,602,705$3,960,643$3,784,708$4,700,842
70$5,029,883$4,112,417$3,869,198$5,046,841
71$5,499,301$4,270,295$3,955,186$5,424,272
72$6,015,225$4,434,535$4,042,680$5,836,229
73$6,582,356$4,605,405$4,131,687$6,286,118
74$7,205,871$4,783,185$4,222,214$6,777,686
75$7,891,477$4,968,168$4,314,265$7,315,062
76$8,645,459$5,160,660$4,407,844$7,902,791
77$9,474,742$5,360,979$4,502,953$8,545,877
78$10,386,957$5,569,457$4,599,593$9,249,832
79$11,390,510$5,786,444$4,697,763$10,020,725
80$12,494,663$6,012,302$4,797,460$10,865,240
81$13,709,624$6,247,410$4,898,680$11,790,738
82$15,046,637$6,492,164$5,001,417$12,805,326
83$16,518,092$6,746,977$5,105,662$13,917,935
84$18,137,641$7,012,283$5,211,405$15,138,401
85$19,920,327$7,288,532$5,318,634$16,477,556
86$21,882,726$7,576,195$5,427,334$17,947,336
87$24,043,101$7,875,766$5,537,486$19,560,885
88$26,421,576$8,187,758$5,649,072$21,332,686
89$29,040,328$8,512,709$5,762,067$23,278,689
90$31,923,791$8,851,181$5,876,445$25,416,469
91$35,098,889$9,203,760$5,992,178$27,765,386
92$38,595,292$9,571,061$6,109,232$30,346,767
93$42,445,692$9,953,723$6,227,571$33,184,110
94$46,686,113$10,352,416$6,347,156$36,303,302
95$51,356,253$10,767,841$6,467,942$39,732,862
96$56,499,854$11,200,728$6,589,881$43,504,213
97$62,165,118$11,651,843$6,712,921$47,651,975
98$68,405,161$12,121,984$6,837,005$52,214,290
99$75,278,513$12,611,987$6,962,070$57,233,184
100$82,849,672$13,122,725$7,088,050$62,754,960