Can I retire at age 67 with 2,780,000?

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 $2,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$229,570$227,525$225,530$223,583$221,681$220,469
2 years$113,648$111,532$109,481$107,492$105,562$104,339
3 years$75,013$72,887$70,841$68,871$66,973$65,777
4 years$55,699$53,580$51,554$49,618$47,766$46,606
5 years$44,114$42,007$40,008$38,111$36,311$35,190
6 years$36,393$34,302$32,333$30,478$28,732$27,652
7 years$30,880$28,807$26,869$25,057$23,366$22,328
8 years$26,747$24,693$22,787$21,020$19,385$18,388
9 years$23,534$21,500$19,626$17,904$16,325$15,370
10 years$20,966$18,951$17,110$15,434$13,909$12,995
11 years$18,866$16,871$15,064$13,432$11,963$11,089
12 years$17,117$15,142$13,369$11,782$10,367$9,532
13 years$15,638$13,684$11,944$10,401$9,040$8,244
14 years$14,372$12,439$10,732$9,233$7,924$7,166
15 years$13,275$11,363$9,689$8,234$6,977$6,256
16 years$12,316$10,425$8,785$7,373$6,166$5,481
17 years$11,472$9,601$7,994$6,625$5,468$4,817
18 years$10,721$8,872$7,297$5,970$4,862$4,245
19 years$10,051$8,222$6,680$5,395$4,333$3,749
20 years$9,448$7,641$6,131$4,886$3,870$3,318
21 years$8,904$7,117$5,639$4,434$3,464$2,941
22 years$8,409$6,643$5,197$4,032$3,105$2,611
23 years$7,959$6,213$4,799$3,672$2,787$2,321
24 years$7,546$5,822$4,438$3,349$2,505$2,066
25 years$7,167$5,463$4,111$3,058$2,254$1,841
26 years$6,818$5,135$3,812$2,796$2,030$1,642
27 years$6,495$4,832$3,540$2,560$1,831$1,465
28 years$6,196$4,553$3,291$2,345$1,652$1,309
29 years$5,918$4,296$3,063$2,151$1,491$1,169
30 years$5,659$4,057$2,853$1,974$1,348$1,046
31 years$5,417$3,835$2,659$1,813$1,218$936
32 years$5,191$3,629$2,481$1,666$1,102$837
33 years$4,979$3,436$2,317$1,532$997$750
34 years$4,779$3,257$2,165$1,409$903$672
35 years$4,592$3,089$2,024$1,298$818$602
36 years$4,415$2,932$1,893$1,195$741$539
37 years$4,249$2,785$1,772$1,101$672$484
38 years$4,091$2,647$1,659$1,015$609$434
39 years$3,942$2,517$1,555$936$552$389
40 years$3,801$2,394$1,457$863$501$349
41 years$3,667$2,279$1,366$796$454$313
42 years$3,539$2,171$1,282$735$412$281
43 years$3,418$2,068$1,203$678$374$252
44 years$3,303$1,971$1,129$626$340$226
45 years$3,193$1,880$1,060$578$308$203
46 years$3,088$1,793$996$534$280$182
47 years$2,989$1,711$935$494$254$164
48 years$2,893$1,634$879$456$231$147
49 years$2,802$1,560$826$422$210$132
50 years$2,714$1,490$777$390$190$119

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,780,000, adding $4,353 every year, while hoping to spend $38,292 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: 57/31/12 Blend
66$2,780,000$2,780,000$2,780,000$2,780,000
67$3,068,050$2,920,710$2,877,620$3,233,486
68$3,340,249$3,023,083$2,933,278$3,448,157
69$3,638,928$3,129,188$2,989,517$3,677,348
70$3,966,750$3,239,168$3,046,316$3,926,176
71$4,326,643$3,353,173$3,103,653$4,196,529
72$4,721,837$3,471,354$3,161,502$4,490,481
73$5,155,888$3,593,874$3,219,835$4,810,315
74$5,632,713$3,720,899$3,278,625$5,158,542
75$6,156,629$3,852,602$3,337,837$5,537,927
76$6,732,389$3,989,164$3,397,439$5,951,508
77$7,365,233$4,130,772$3,457,393$6,402,635
78$8,060,929$4,277,623$3,517,659$6,894,990
79$8,825,837$4,429,920$3,578,193$7,432,627
80$9,666,960$4,587,874$3,638,951$8,020,010
81$10,592,016$4,751,705$3,699,881$8,662,051
82$11,609,507$4,921,644$3,760,932$9,364,160
83$12,728,800$5,097,928$3,822,047$10,132,292
84$13,960,218$5,280,807$3,883,166$10,973,003
85$15,315,132$5,470,539$3,944,225$11,893,514
86$16,806,074$5,667,393$4,005,154$12,901,773
87$18,446,848$5,871,650$4,065,882$14,006,537
88$20,252,669$6,083,603$4,126,330$15,217,445
89$22,240,296$6,303,554$4,186,418$16,545,116
90$24,428,200$6,531,822$4,246,056$18,001,243
91$26,836,730$6,768,736$4,305,154$19,598,706
92$29,488,312$7,014,639$4,363,612$21,351,688
93$32,407,654$7,269,890$4,421,326$23,275,815
94$35,621,982$7,534,862$4,478,188$25,388,297
95$39,161,297$7,809,943$4,534,080$27,708,090
96$43,058,657$8,095,538$4,588,879$30,256,075
97$47,350,489$8,392,069$4,642,456$33,055,257
98$52,076,933$8,699,974$4,694,673$36,130,973
99$57,282,221$9,019,714$4,745,385$39,511,140
100$63,015,091$9,351,763$4,794,439$43,226,507