Can I retire at age 67 with 2,760,000?

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 $2,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$227,918$225,888$223,907$221,974$220,086$216,173
2 years$112,831$110,729$108,693$106,718$104,803$100,874
3 years$74,473$72,363$70,331$68,375$66,491$62,669
4 years$55,298$53,194$51,183$49,261$47,422$43,736
5 years$43,796$41,705$39,720$37,837$36,050$32,510
6 years$36,131$34,055$32,100$30,258$28,525$25,135
7 years$30,658$28,600$26,675$24,877$23,198$19,960
8 years$26,555$24,515$22,623$20,869$19,245$16,158
9 years$23,365$21,345$19,485$17,776$16,207$13,269
10 years$20,815$18,814$16,987$15,323$13,809$11,017
11 years$18,730$16,749$14,955$13,335$11,877$9,227
12 years$16,993$15,033$13,273$11,697$10,292$7,782
13 years$15,525$13,586$11,858$10,327$8,975$6,601
14 years$14,268$12,349$10,655$9,167$7,867$5,625
15 years$13,179$11,281$9,620$8,175$6,927$4,811
16 years$12,228$10,350$8,722$7,320$6,122$4,129
17 years$11,389$9,532$7,936$6,577$5,428$3,553
18 years$10,644$8,808$7,245$5,927$4,827$3,064
19 years$9,979$8,163$6,632$5,356$4,302$2,648
20 years$9,380$7,586$6,087$4,851$3,843$2,292
21 years$8,840$7,066$5,599$4,402$3,439$1,987
22 years$8,349$6,596$5,160$4,003$3,082$1,725
23 years$7,901$6,169$4,764$3,645$2,767$1,498
24 years$7,492$5,780$4,406$3,325$2,487$1,303
25 years$7,116$5,424$4,081$3,036$2,238$1,134
26 years$6,769$5,098$3,785$2,776$2,016$988
27 years$6,449$4,798$3,515$2,541$1,817$861
28 years$6,151$4,521$3,267$2,328$1,640$750
29 years$5,875$4,265$3,041$2,135$1,481$654
30 years$5,618$4,028$2,832$1,959$1,338$571
31 years$5,378$3,807$2,640$1,800$1,210$498
32 years$5,153$3,603$2,464$1,654$1,094$435
33 years$4,943$3,412$2,300$1,521$990$380
34 years$4,745$3,234$2,149$1,399$897$332
35 years$4,559$3,067$2,009$1,288$812$290
36 years$4,384$2,911$1,880$1,186$736$254
37 years$4,218$2,765$1,759$1,093$667$222
38 years$4,062$2,628$1,648$1,008$605$194
39 years$3,914$2,499$1,544$929$548$169
40 years$3,773$2,377$1,447$857$497$148
41 years$3,640$2,263$1,357$791$451$129
42 years$3,514$2,155$1,273$730$409$113
43 years$3,394$2,053$1,194$673$372$99
44 years$3,279$1,957$1,121$622$337$87
45 years$3,170$1,866$1,052$574$306$76
46 years$3,066$1,780$989$530$278$66
47 years$2,967$1,699$929$490$252$58
48 years$2,872$1,622$873$453$229$51
49 years$2,782$1,549$820$419$208$44
50 years$2,695$1,480$771$387$189$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,760,000, adding $2,856 every year, while hoping to spend $59,496 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: 33/47/20 Blend
66$2,760,000$2,760,000$2,760,000$2,760,000
67$3,044,466$2,898,186$2,855,406$3,126,069
68$3,291,698$2,976,894$2,887,759$3,265,669
69$3,562,154$3,057,464$2,919,201$3,410,373
70$3,858,140$3,139,926$2,949,640$3,565,089
71$4,182,194$3,224,306$2,978,978$3,730,735
72$4,537,113$3,310,633$3,007,109$3,908,320
73$4,925,977$3,398,932$3,033,925$4,098,955
74$5,352,177$3,489,230$3,059,311$4,303,861
75$5,819,446$3,581,550$3,083,146$4,524,383
76$6,331,900$3,675,916$3,105,302$4,762,004
77$6,894,069$3,772,350$3,125,644$5,018,354
78$7,510,942$3,870,874$3,144,032$5,295,230
79$8,188,018$3,971,506$3,160,316$5,594,608
80$8,931,350$4,074,265$3,174,342$5,918,668
81$9,747,610$4,179,165$3,185,944$6,269,810
82$10,644,143$4,286,222$3,194,950$6,650,676
83$11,629,045$4,395,446$3,201,180$7,064,179
84$12,711,231$4,506,846$3,204,443$7,513,526
85$13,900,525$4,620,430$3,204,541$8,002,253
86$15,207,749$4,736,202$3,201,263$8,534,253
87$16,644,825$4,854,161$3,194,390$9,113,818
88$18,224,887$4,974,305$3,183,693$9,745,675
89$19,962,409$5,096,629$3,168,930$10,435,035
90$21,873,333$5,221,122$3,149,847$11,187,638
91$23,975,226$5,347,770$3,126,180$12,009,812
92$26,287,442$5,476,555$3,097,651$12,908,528
93$28,831,307$5,607,452$3,063,968$13,891,471
94$31,630,317$5,740,433$3,024,827$14,967,106
95$34,710,360$5,875,465$2,979,909$16,144,768
96$38,099,960$6,012,506$2,928,879$17,434,739
97$41,830,547$6,151,510$2,871,388$18,848,355
98$45,936,752$6,292,423$2,807,069$20,398,109
99$50,456,734$6,435,186$2,735,540$22,097,767
100$55,432,539$6,579,728$2,656,398$23,962,504