Can I retire at age 67 with 3,700,000?

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 $3,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$305,543$302,821$300,166$297,574$295,043$284,462
2 years$151,259$148,442$145,711$143,064$140,497$129,951
3 years$99,837$97,008$94,285$91,663$89,137$78,957
4 years$74,132$71,311$68,615$66,038$63,573$53,838
5 years$58,713$55,909$53,248$50,723$48,327$39,062
6 years$48,436$45,654$43,033$40,564$38,240$29,452
7 years$41,099$38,340$35,760$33,350$31,099$22,786
8 years$35,599$32,864$30,328$27,976$25,800$17,954
9 years$31,323$28,614$26,121$23,830$21,727$14,339
10 years$27,904$25,222$22,773$20,541$18,513$11,569
11 years$25,109$22,454$20,049$17,877$15,921$9,409
12 years$22,781$20,153$17,793$15,681$13,797$7,699
13 years$20,813$18,213$15,897$13,844$12,031$6,331
14 years$19,128$16,555$14,283$12,289$10,547$5,227
15 years$17,668$15,123$12,896$10,960$9,286$4,329
16 years$16,392$13,875$11,692$9,813$8,207$3,595
17 years$15,268$12,779$10,639$8,817$7,277$2,992
18 years$14,269$11,808$9,712$7,946$6,470$2,494
19 years$13,377$10,944$8,891$7,180$5,767$2,082
20 years$12,575$10,169$8,160$6,503$5,151$1,741
21 years$11,850$9,472$7,506$5,902$4,610$1,456
22 years$11,192$8,842$6,917$5,366$4,132$1,220
23 years$10,593$8,270$6,387$4,887$3,709$1,022
24 years$10,044$7,748$5,907$4,457$3,334$857
25 years$9,539$7,271$5,471$4,070$3,000$719
26 years$9,074$6,834$5,074$3,722$2,702$603
27 years$8,645$6,431$4,712$3,407$2,436$507
28 years$8,246$6,060$4,380$3,121$2,198$425
29 years$7,876$5,717$4,076$2,862$1,985$357
30 years$7,532$5,399$3,797$2,627$1,794$300
31 years$7,210$5,104$3,540$2,413$1,622$252
32 years$6,909$4,830$3,303$2,217$1,467$212
33 years$6,626$4,574$3,084$2,039$1,328$178
34 years$6,361$4,335$2,881$1,876$1,202$150
35 years$6,112$4,111$2,694$1,727$1,089$126
36 years$5,876$3,902$2,520$1,590$986$106
37 years$5,655$3,706$2,359$1,465$894$89
38 years$5,445$3,522$2,209$1,351$810$75
39 years$5,247$3,349$2,069$1,245$735$63
40 years$5,058$3,187$1,940$1,149$667$53
41 years$4,880$3,033$1,819$1,060$605$45
42 years$4,711$2,889$1,706$978$549$37
43 years$4,550$2,753$1,601$903$498$31
44 years$4,396$2,624$1,503$834$452$26
45 years$4,250$2,502$1,411$770$410$22
46 years$4,111$2,387$1,325$711$373$19
47 years$3,978$2,278$1,245$657$338$16
48 years$3,850$2,174$1,170$607$307$13
49 years$3,729$2,076$1,100$561$279$11
50 years$3,612$1,984$1,034$519$253$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $3,700,000, adding $2,869 every year, while hoping to spend $58,189 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: 88/5/7 Blend
66$3,700,000$3,700,000$3,700,000$3,700,000
67$4,080,359$3,884,259$3,826,909$4,437,277
68$4,434,643$4,012,675$3,893,198$4,798,512
69$4,823,114$4,145,434$3,959,757$5,187,198
70$5,249,197$4,282,685$4,026,535$5,612,617
71$5,716,666$4,424,587$4,093,474$6,078,431
72$6,229,676$4,571,302$4,160,515$6,588,675
73$6,792,805$4,722,998$4,227,595$7,147,793
74$7,411,095$4,879,850$4,294,644$7,760,679
75$8,090,103$5,042,038$4,361,590$8,432,726
76$8,835,946$5,209,750$4,428,356$9,169,870
77$9,655,365$5,383,181$4,494,859$9,978,654
78$10,555,787$5,562,532$4,561,012$10,866,284
79$11,545,393$5,748,011$4,626,721$11,840,698
80$12,633,196$5,939,836$4,691,888$12,910,640
81$13,829,124$6,138,231$4,756,409$14,085,745
82$15,144,119$6,343,428$4,820,173$15,376,626
83$16,590,233$6,555,670$4,883,062$16,794,976
84$18,180,744$6,775,205$4,944,953$18,353,676
85$19,930,285$7,002,295$5,005,713$20,066,920
86$21,854,974$7,237,208$5,065,205$21,950,344
87$23,972,574$7,480,223$5,123,282$24,021,178
88$26,302,653$7,731,631$5,179,788$26,298,402
89$28,866,773$7,991,731$5,234,561$28,802,931
90$31,688,694$8,260,835$5,287,429$31,557,810
91$34,794,592$8,539,267$5,338,208$34,588,427
92$38,213,311$8,827,362$5,386,709$37,922,760
93$41,976,634$9,125,469$5,432,730$41,591,634
94$46,119,582$9,433,948$5,476,057$45,629,014
95$50,680,742$9,753,174$5,516,468$50,072,325
96$55,702,635$10,083,537$5,553,727$54,962,805
97$61,232,114$10,425,440$5,587,587$60,345,893
98$67,320,805$10,779,302$5,617,786$66,271,661
99$74,025,598$11,145,558$5,644,053$72,795,279
100$81,409,179$11,524,661$5,666,099$79,977,541