Can I retire at age 67 with 2,750,000?

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 $2,750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$227,092$225,070$223,096$221,170$219,289$218,181
2 years$112,422$110,328$108,299$106,332$104,423$103,306
3 years$74,204$72,101$70,077$68,128$66,250$65,157
4 years$55,098$53,002$50,998$49,082$47,250$46,190
5 years$43,638$41,554$39,576$37,700$35,919$34,894
6 years$36,000$33,932$31,984$30,149$28,421$27,434
7 years$30,547$28,496$26,579$24,787$23,114$22,165
8 years$26,458$24,426$22,541$20,793$19,175$18,264
9 years$23,280$21,268$19,414$17,711$16,149$15,274
10 years$20,740$18,746$16,926$15,267$13,759$12,922
11 years$18,662$16,689$14,901$13,287$11,834$11,033
12 years$16,932$14,979$13,224$11,655$10,255$9,490
13 years$15,469$13,537$11,815$10,289$8,942$8,213
14 years$14,216$12,304$10,616$9,134$7,839$7,144
15 years$13,132$11,240$9,585$8,146$6,902$6,241
16 years$12,184$10,313$8,690$7,293$6,100$5,472
17 years$11,348$9,498$7,908$6,553$5,409$4,812
18 years$10,606$8,776$7,219$5,906$4,809$4,243
19 years$9,943$8,134$6,608$5,336$4,286$3,750
20 years$9,346$7,558$6,065$4,833$3,829$3,321
21 years$8,808$7,040$5,578$4,386$3,426$2,946
22 years$8,319$6,572$5,141$3,988$3,071$2,618
23 years$7,873$6,146$4,747$3,632$2,757$2,329
24 years$7,465$5,759$4,390$3,313$2,478$2,074
25 years$7,090$5,404$4,066$3,025$2,230$1,850
26 years$6,744$5,079$3,771$2,766$2,008$1,651
27 years$6,425$4,780$3,502$2,532$1,811$1,475
28 years$6,129$4,504$3,256$2,320$1,634$1,318
29 years$5,854$4,249$3,030$2,127$1,475$1,179
30 years$5,598$4,013$2,822$1,952$1,333$1,055
31 years$5,359$3,794$2,631$1,793$1,205$945
32 years$5,135$3,590$2,455$1,648$1,090$846
33 years$4,925$3,399$2,292$1,515$987$758
34 years$4,728$3,222$2,141$1,394$893$680
35 years$4,542$3,056$2,002$1,284$809$610
36 years$4,368$2,900$1,873$1,182$733$547
37 years$4,203$2,755$1,753$1,089$664$491
38 years$4,047$2,618$1,642$1,004$602$440
39 years$3,899$2,489$1,538$926$546$395
40 years$3,760$2,369$1,442$854$495$355
41 years$3,627$2,255$1,352$788$449$319
42 years$3,501$2,147$1,268$727$408$286
43 years$3,381$2,046$1,190$671$370$257
44 years$3,267$1,950$1,117$620$336$231
45 years$3,159$1,860$1,049$572$305$207
46 years$3,055$1,774$985$529$277$186
47 years$2,956$1,693$925$488$251$168
48 years$2,862$1,616$870$451$228$151
49 years$2,771$1,543$817$417$207$135
50 years$2,685$1,474$768$385$188$122

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,750,000, adding $2,278 every year, while hoping to spend $50,132 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: 23/49/28 Blend
66$2,750,000$2,750,000$2,750,000$2,750,000
67$3,032,850$2,887,100$2,844,475$3,075,705
68$3,288,860$2,975,228$2,886,425$3,201,197
69$3,569,304$3,065,993$2,928,100$3,331,088
70$3,876,619$3,159,474$2,969,437$3,469,091
71$4,213,493$3,255,747$3,010,372$3,615,908
72$4,582,885$3,354,893$3,050,835$3,772,310
73$4,988,052$3,456,996$3,090,750$3,939,144
74$5,432,583$3,562,139$3,130,041$4,117,342
75$5,920,434$3,670,411$3,168,624$4,307,925
76$6,455,957$3,781,900$3,206,412$4,512,019
77$7,043,951$3,896,699$3,243,313$4,730,861
78$7,689,698$4,014,902$3,279,229$4,965,809
79$8,399,021$4,136,605$3,314,056$5,218,359
80$9,178,331$4,261,909$3,347,687$5,490,157
81$10,034,693$4,390,915$3,380,007$5,783,012
82$10,975,889$4,523,728$3,410,895$6,098,916
83$12,010,494$4,660,454$3,440,224$6,440,061
84$13,147,953$4,801,205$3,467,860$6,808,858
85$14,398,673$4,946,093$3,493,662$7,207,962
86$15,774,120$5,095,233$3,517,482$7,640,297
87$17,286,925$5,248,745$3,539,163$8,109,081
88$18,951,009$5,406,751$3,558,542$8,617,856
89$20,781,704$5,569,374$3,575,445$9,170,523
90$22,795,908$5,736,743$3,589,693$9,771,379
91$25,012,236$5,908,989$3,601,093$10,425,153
92$27,451,201$6,086,246$3,609,446$11,137,058
93$30,135,403$6,268,652$3,614,543$11,912,830
94$33,089,746$6,456,348$3,616,161$12,758,791
95$36,341,668$6,649,477$3,614,071$13,681,902
96$39,921,404$6,848,188$3,608,029$14,689,834
97$43,862,270$7,052,631$3,597,780$15,791,033
98$48,200,974$7,262,962$3,583,058$16,994,808
99$52,977,965$7,479,339$3,563,582$18,311,410
100$58,237,814$7,701,924$3,539,059$19,752,136