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

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 $2,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$229,570$227,525$225,530$223,583$221,681$219,184
2 years$113,648$111,532$109,481$107,492$105,562$103,048
3 years$75,013$72,887$70,841$68,871$66,973$64,520
4 years$55,699$53,580$51,554$49,618$47,766$45,393
5 years$44,114$42,007$40,008$38,111$36,311$34,025
6 years$36,393$34,302$32,333$30,478$28,732$26,536
7 years$30,880$28,807$26,869$25,057$23,366$21,262
8 years$26,747$24,693$22,787$21,020$19,385$17,371
9 years$23,534$21,500$19,626$17,904$16,325$14,400
10 years$20,966$18,951$17,110$15,434$13,909$12,074
11 years$18,866$16,871$15,064$13,432$11,963$10,214
12 years$17,117$15,142$13,369$11,782$10,367$8,703
13 years$15,638$13,684$11,944$10,401$9,040$7,460
14 years$14,372$12,439$10,732$9,233$7,924$6,425
15 years$13,275$11,363$9,689$8,234$6,977$5,556
16 years$12,316$10,425$8,785$7,373$6,166$4,822
17 years$11,472$9,601$7,994$6,625$5,468$4,197
18 years$10,721$8,872$7,297$5,970$4,862$3,661
19 years$10,051$8,222$6,680$5,395$4,333$3,201
20 years$9,448$7,641$6,131$4,886$3,870$2,804
21 years$8,904$7,117$5,639$4,434$3,464$2,460
22 years$8,409$6,643$5,197$4,032$3,105$2,162
23 years$7,959$6,213$4,799$3,672$2,787$1,901
24 years$7,546$5,822$4,438$3,349$2,505$1,674
25 years$7,167$5,463$4,111$3,058$2,254$1,476
26 years$6,818$5,135$3,812$2,796$2,030$1,301
27 years$6,495$4,832$3,540$2,560$1,831$1,149
28 years$6,196$4,553$3,291$2,345$1,652$1,015
29 years$5,918$4,296$3,063$2,151$1,491$897
30 years$5,659$4,057$2,853$1,974$1,348$793
31 years$5,417$3,835$2,659$1,813$1,218$701
32 years$5,191$3,629$2,481$1,666$1,102$620
33 years$4,979$3,436$2,317$1,532$997$549
34 years$4,779$3,257$2,165$1,409$903$486
35 years$4,592$3,089$2,024$1,298$818$430
36 years$4,415$2,932$1,893$1,195$741$381
37 years$4,249$2,785$1,772$1,101$672$338
38 years$4,091$2,647$1,659$1,015$609$299
39 years$3,942$2,517$1,555$936$552$265
40 years$3,801$2,394$1,457$863$501$235
41 years$3,667$2,279$1,366$796$454$208
42 years$3,539$2,171$1,282$735$412$185
43 years$3,418$2,068$1,203$678$374$164
44 years$3,303$1,971$1,129$626$340$145
45 years$3,193$1,880$1,060$578$308$129
46 years$3,088$1,793$996$534$280$114
47 years$2,989$1,711$935$494$254$101
48 years$2,893$1,634$879$456$231$90
49 years$2,802$1,560$826$422$210$80
50 years$2,714$1,490$777$390$190$71

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 $3,444 every year, while hoping to spend $41,381 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: 59/33/8 Blend
66$2,780,000$2,780,000$2,780,000$2,780,000
67$3,067,112$2,919,772$2,876,682$3,242,476
68$3,335,929$3,018,812$2,929,022$3,459,628
69$3,630,778$3,121,318$2,981,729$3,691,284
70$3,954,270$3,227,416$3,034,770$3,942,839
71$4,309,284$3,337,237$3,088,112$4,216,206
72$4,698,986$3,450,917$3,141,720$4,513,488
73$5,126,868$3,568,598$3,195,553$4,837,000
74$5,596,775$3,690,425$3,249,570$5,189,291
75$6,112,941$3,816,551$3,303,726$5,573,163
76$6,680,033$3,947,135$3,357,973$5,991,700
77$7,303,192$4,082,339$3,412,260$6,448,298
78$7,988,078$4,222,335$3,466,532$6,946,692
79$8,740,932$4,367,299$3,520,730$7,490,996
80$9,568,627$4,517,416$3,574,794$8,085,736
81$10,478,734$4,672,876$3,628,657$8,735,897
82$11,479,596$4,833,879$3,682,248$9,446,967
83$12,580,405$5,000,629$3,735,494$10,224,987
84$13,791,288$5,173,342$3,788,314$11,076,609
85$15,123,403$5,352,239$3,840,627$12,009,157
86$16,589,045$5,537,553$3,892,342$13,030,700
87$18,201,757$5,729,523$3,943,366$14,150,118
88$19,976,467$5,928,400$3,993,599$15,377,194
89$21,929,618$6,134,443$4,042,935$16,722,703
90$24,079,330$6,347,922$4,091,265$18,198,509
91$26,445,568$6,569,117$4,138,469$19,817,681
92$29,050,333$6,798,321$4,184,425$21,594,613
93$31,917,864$7,035,836$4,229,000$23,545,162
94$35,074,872$7,281,978$4,272,058$25,686,790
95$38,550,789$7,537,074$4,313,451$28,038,736
96$42,378,045$7,801,466$4,353,027$30,622,191
97$46,592,375$8,075,508$4,390,623$33,460,499
98$51,233,158$8,359,568$4,426,070$36,579,377
99$56,343,785$8,654,032$4,459,188$40,007,154
100$61,972,068$8,959,296$4,489,787$43,775,041