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%13.7%
1 years$227,092$225,070$223,096$221,170$219,289$215,923
2 years$112,422$110,328$108,299$106,332$104,423$101,040
3 years$74,204$72,101$70,077$68,128$66,250$62,955
4 years$55,098$53,002$50,998$49,082$47,250$44,069
5 years$43,638$41,554$39,576$37,700$35,919$32,860
6 years$36,000$33,932$31,984$30,149$28,421$25,489
7 years$30,547$28,496$26,579$24,787$23,114$20,309
8 years$26,458$24,426$22,541$20,793$19,175$16,498
9 years$23,280$21,268$19,414$17,711$16,149$13,596
10 years$20,740$18,746$16,926$15,267$13,759$11,330
11 years$18,662$16,689$14,901$13,287$11,834$9,526
12 years$16,932$14,979$13,224$11,655$10,255$8,065
13 years$15,469$13,537$11,815$10,289$8,942$6,867
14 years$14,216$12,304$10,616$9,134$7,839$5,876
15 years$13,132$11,240$9,585$8,146$6,902$5,047
16 years$12,184$10,313$8,690$7,293$6,100$4,349
17 years$11,348$9,498$7,908$6,553$5,409$3,759
18 years$10,606$8,776$7,219$5,906$4,809$3,256
19 years$9,943$8,134$6,608$5,336$4,286$2,826
20 years$9,346$7,558$6,065$4,833$3,829$2,457
21 years$8,808$7,040$5,578$4,386$3,426$2,140
22 years$8,319$6,572$5,141$3,988$3,071$1,866
23 years$7,873$6,146$4,747$3,632$2,757$1,629
24 years$7,465$5,759$4,390$3,313$2,478$1,423
25 years$7,090$5,404$4,066$3,025$2,230$1,244
26 years$6,744$5,079$3,771$2,766$2,008$1,089
27 years$6,425$4,780$3,502$2,532$1,811$953
28 years$6,129$4,504$3,256$2,320$1,634$835
29 years$5,854$4,249$3,030$2,127$1,475$732
30 years$5,598$4,013$2,822$1,952$1,333$642
31 years$5,359$3,794$2,631$1,793$1,205$563
32 years$5,135$3,590$2,455$1,648$1,090$494
33 years$4,925$3,399$2,292$1,515$987$434
34 years$4,728$3,222$2,141$1,394$893$381
35 years$4,542$3,056$2,002$1,284$809$334
36 years$4,368$2,900$1,873$1,182$733$294
37 years$4,203$2,755$1,753$1,089$664$258
38 years$4,047$2,618$1,642$1,004$602$227
39 years$3,899$2,489$1,538$926$546$199
40 years$3,760$2,369$1,442$854$495$175
41 years$3,627$2,255$1,352$788$449$154
42 years$3,501$2,147$1,268$727$408$135
43 years$3,381$2,046$1,190$671$370$119
44 years$3,267$1,950$1,117$620$336$104
45 years$3,159$1,860$1,049$572$305$92
46 years$3,055$1,774$985$529$277$81
47 years$2,956$1,693$925$488$251$71
48 years$2,862$1,616$870$451$228$62
49 years$2,771$1,543$817$417$207$55
50 years$2,685$1,474$768$385$188$48

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 $3,114 every year, while hoping to spend $57,741 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: 86/9/5 Blend
66$2,750,000$2,750,000$2,750,000$2,750,000
67$3,033,712$2,887,962$2,845,337$3,294,494
68$3,281,715$2,968,036$2,879,220$3,544,906
69$3,553,078$3,050,099$2,912,303$3,811,721
70$3,850,125$3,134,186$2,944,497$4,103,028
71$4,175,411$3,220,335$2,975,711$4,421,247
72$4,531,753$3,308,581$3,005,847$4,769,047
73$4,922,250$3,398,960$3,034,802$5,149,364
74$5,350,319$3,491,508$3,062,467$5,565,432
75$5,819,719$3,586,260$3,088,727$6,020,813
76$6,334,594$3,683,250$3,113,463$6,519,431
77$6,899,506$3,782,512$3,136,547$7,065,606
78$7,519,480$3,884,080$3,157,847$7,664,098
79$8,200,053$3,987,986$3,177,220$8,320,149
80$8,947,323$4,094,262$3,194,521$9,039,534
81$9,768,006$4,202,937$3,209,594$9,828,614
82$10,669,502$4,314,040$3,222,275$10,694,397
83$11,659,964$4,427,601$3,232,394$11,644,601
84$12,748,371$4,543,644$3,239,770$12,687,732
85$13,944,617$4,662,195$3,244,214$13,833,159
86$15,259,601$4,783,276$3,245,529$15,091,203
87$16,705,332$4,906,908$3,243,505$16,473,235
88$18,295,039$5,033,109$3,237,926$17,991,786
89$20,043,297$5,161,896$3,228,561$19,660,658
90$21,966,166$5,293,281$3,215,170$21,495,059
91$24,081,339$5,427,276$3,197,502$23,511,747
92$26,408,310$5,563,887$3,175,293$25,729,184
93$28,968,558$5,703,118$3,148,266$28,167,713
94$31,785,749$5,844,969$3,116,131$30,849,748
95$34,885,960$5,989,437$3,078,586$33,799,985
96$38,297,921$6,136,513$3,035,312$37,045,637
97$42,053,290$6,286,183$2,985,976$40,616,690
98$46,186,950$6,438,430$2,930,230$44,546,181
99$50,737,337$6,593,231$2,867,710$48,870,517
100$55,746,801$6,750,555$2,798,035$53,629,814