Can I retire at age 67 with 2,720,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$224,615$222,614$220,662$218,757$216,897$209,702
2 years$111,196$109,125$107,118$105,172$103,284$96,105
3 years$73,394$71,314$69,312$67,384$65,528$58,590
4 years$54,497$52,423$50,442$48,547$46,735$40,092
5 years$43,162$41,101$39,145$37,289$35,527$29,196
6 years$35,607$33,562$31,635$29,820$28,111$22,098
7 years$30,213$28,185$26,289$24,517$22,862$17,165
8 years$26,170$24,160$22,295$20,566$18,966$13,581
9 years$23,027$21,035$19,203$17,518$15,972$10,893
10 years$20,513$18,542$16,741$15,101$13,609$8,828
11 years$18,458$16,507$14,739$13,142$11,704$7,212
12 years$16,747$14,815$13,080$11,527$10,143$5,929
13 years$15,300$13,389$11,686$10,177$8,845$4,899
14 years$14,061$12,170$10,500$9,034$7,753$4,064
15 years$12,988$11,118$9,480$8,057$6,827$3,383
16 years$12,051$10,200$8,595$7,214$6,033$2,824
17 years$11,224$9,394$7,821$6,482$5,350$2,362
18 years$10,490$8,680$7,140$5,841$4,757$1,979
19 years$9,834$8,045$6,536$5,278$4,240$1,661
20 years$9,244$7,476$5,999$4,780$3,787$1,396
21 years$8,712$6,963$5,518$4,338$3,389$1,175
22 years$8,228$6,500$5,085$3,945$3,038$989
23 years$7,787$6,079$4,695$3,592$2,727$833
24 years$7,383$5,696$4,342$3,277$2,451$703
25 years$7,013$5,345$4,022$2,992$2,205$593
26 years$6,671$5,024$3,730$2,736$1,987$500
27 years$6,355$4,728$3,464$2,504$1,791$422
28 years$6,062$4,455$3,220$2,295$1,616$357
29 years$5,790$4,203$2,997$2,104$1,459$301
30 years$5,537$3,969$2,791$1,931$1,319$255
31 years$5,300$3,752$2,602$1,774$1,192$215
32 years$5,079$3,550$2,428$1,630$1,078$182
33 years$4,871$3,362$2,267$1,499$976$154
34 years$4,676$3,187$2,118$1,379$884$130
35 years$4,493$3,023$1,980$1,270$800$110
36 years$4,320$2,869$1,852$1,169$725$93
37 years$4,157$2,725$1,734$1,077$657$79
38 years$4,003$2,589$1,624$993$596$67
39 years$3,857$2,462$1,521$916$540$56
40 years$3,719$2,343$1,426$844$490$48
41 years$3,588$2,230$1,337$779$445$40
42 years$3,463$2,124$1,254$719$403$34
43 years$3,345$2,024$1,177$664$366$29
44 years$3,232$1,929$1,105$613$332$24
45 years$3,124$1,839$1,037$566$302$21
46 years$3,022$1,755$974$523$274$17
47 years$2,924$1,674$915$483$249$15
48 years$2,831$1,599$860$446$226$12
49 years$2,741$1,526$808$412$205$11
50 years$2,656$1,458$760$381$186$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,720,000, adding $4,442 every year, while hoping to spend $48,388 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: 59/12/29 Blend
66$2,720,000$2,720,000$2,720,000$2,720,000
67$3,002,022$2,857,862$2,815,702$3,155,163
68$3,256,744$2,946,413$2,858,543$3,349,014
69$3,535,825$3,037,681$2,901,198$3,554,863
70$3,841,700$3,131,748$2,943,610$3,778,416
71$4,177,049$3,228,699$2,985,716$4,021,408
72$4,544,824$3,328,621$3,027,453$4,285,750
73$4,948,275$3,431,603$3,068,752$4,573,547
74$5,390,985$3,537,737$3,109,541$4,887,116
75$5,876,898$3,647,118$3,149,743$5,229,013
76$6,410,359$3,759,845$3,189,277$5,602,050
77$6,996,154$3,876,016$3,228,056$6,009,327
78$7,639,557$3,995,736$3,265,991$6,454,257
79$8,346,375$4,119,110$3,302,985$6,940,602
80$9,123,008$4,246,249$3,338,938$7,472,505
81$9,976,504$4,377,264$3,373,741$8,054,533
82$10,914,630$4,512,273$3,407,284$8,691,716
83$11,945,941$4,651,393$3,439,447$9,389,595
84$13,079,863$4,794,747$3,470,105$10,154,278
85$14,326,782$4,942,462$3,499,126$10,992,494
86$15,698,139$5,094,668$3,526,371$11,911,657
87$17,206,539$5,251,497$3,551,695$12,919,935
88$18,865,874$5,413,088$3,574,944$14,026,332
89$20,691,444$5,579,581$3,595,957$15,240,766
90$22,700,113$5,751,121$3,614,562$16,574,167
91$24,910,457$5,927,859$3,630,582$18,038,581
92$27,342,946$6,109,947$3,643,830$19,647,279
93$30,020,135$6,297,543$3,654,107$21,414,888
94$32,966,877$6,490,810$3,661,207$23,357,524
95$36,210,554$6,689,915$3,664,913$25,492,947
96$39,781,338$6,895,029$3,664,996$27,840,728
97$43,712,479$7,106,330$3,661,217$30,422,436
98$48,040,609$7,323,997$3,653,325$33,261,836
99$52,806,096$7,548,218$3,641,056$36,385,120
100$58,053,421$7,779,184$3,624,135$39,821,149