Can I retire at age 67 with 2,790,000?

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 $2,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$230,396$228,343$226,341$224,387$222,479$215,013
2 years$114,057$111,933$109,874$107,878$105,942$98,494
3 years$75,283$73,149$71,096$69,119$67,214$60,018
4 years$55,899$53,773$51,740$49,796$47,938$41,048
5 years$44,272$42,158$40,152$38,248$36,441$29,877
6 years$36,524$34,425$32,449$30,587$28,835$22,600
7 years$30,991$28,910$26,965$25,148$23,450$17,545
8 years$26,843$24,782$22,869$21,096$19,454$13,874
9 years$23,619$21,577$19,697$17,969$16,383$11,121
10 years$21,041$19,019$17,172$15,489$13,960$9,007
11 years$18,933$16,931$15,118$13,480$12,006$7,353
12 years$17,178$15,197$13,417$11,824$10,404$6,041
13 years$15,694$13,733$11,987$10,439$9,072$4,988
14 years$14,423$12,483$10,770$9,266$7,953$4,136
15 years$13,323$11,404$9,724$8,264$7,002$3,440
16 years$12,361$10,463$8,816$7,400$6,189$2,869
17 years$11,513$9,636$8,023$6,648$5,487$2,398
18 years$10,760$8,904$7,324$5,992$4,879$2,008
19 years$10,087$8,252$6,704$5,414$4,349$1,684
20 years$9,482$7,668$6,153$4,903$3,884$1,414
21 years$8,936$7,143$5,660$4,450$3,476$1,189
22 years$8,440$6,667$5,216$4,046$3,116$1,000
23 years$7,987$6,236$4,816$3,685$2,797$842
24 years$7,573$5,843$4,454$3,361$2,514$710
25 years$7,193$5,483$4,125$3,069$2,262$598
26 years$6,843$5,153$3,826$2,806$2,038$504
27 years$6,519$4,850$3,553$2,569$1,837$426
28 years$6,218$4,570$3,303$2,354$1,658$359
29 years$5,939$4,311$3,074$2,158$1,497$303
30 years$5,679$4,071$2,863$1,981$1,353$256
31 years$5,436$3,849$2,669$1,819$1,223$216
32 years$5,209$3,642$2,490$1,672$1,106$183
33 years$4,996$3,449$2,325$1,537$1,001$154
34 years$4,797$3,269$2,173$1,415$906$130
35 years$4,608$3,100$2,031$1,302$821$110
36 years$4,431$2,943$1,900$1,199$744$93
37 years$4,264$2,795$1,778$1,105$674$79
38 years$4,106$2,656$1,665$1,018$611$66
39 years$3,956$2,526$1,560$939$554$56
40 years$3,814$2,403$1,463$866$503$47
41 years$3,680$2,287$1,371$799$456$40
42 years$3,552$2,178$1,286$738$414$34
43 years$3,431$2,076$1,207$681$376$29
44 years$3,315$1,978$1,133$629$341$24
45 years$3,205$1,887$1,064$581$309$20
46 years$3,100$1,800$999$536$281$17
47 years$2,999$1,718$939$495$255$15
48 years$2,903$1,640$882$458$232$12
49 years$2,812$1,566$829$423$210$10
50 years$2,724$1,496$780$391$191$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,790,000, adding $3,738 every year, while hoping to spend $59,050 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: 39/47/14 Blend
66$2,790,000$2,790,000$2,790,000$2,790,000
67$3,078,436$2,930,566$2,887,321$3,185,413
68$3,329,607$3,011,335$2,921,217$3,342,589
69$3,604,420$3,094,082$2,954,270$3,506,411
70$3,905,221$3,178,843$2,986,389$3,682,264
71$4,234,599$3,265,651$3,017,478$3,871,263
72$4,595,400$3,354,541$3,047,436$4,074,635
73$4,990,764$3,445,546$3,076,158$4,293,730
74$5,424,143$3,538,699$3,103,530$4,530,031
75$5,899,343$3,634,033$3,129,436$4,785,174
76$6,420,554$3,731,579$3,153,751$5,060,957
77$6,992,393$3,831,368$3,176,343$5,359,361
78$7,619,943$3,933,431$3,197,076$5,682,566
79$8,308,804$4,037,796$3,215,805$6,032,972
80$9,065,145$4,144,491$3,232,378$6,413,222
81$9,895,761$4,253,543$3,246,634$6,826,227
82$10,808,139$4,364,976$3,258,407$7,275,192
83$11,810,524$4,478,815$3,267,518$7,763,647
84$12,912,000$4,595,080$3,273,783$8,295,481
85$14,122,577$4,713,791$3,277,007$8,874,977
86$15,453,279$4,834,966$3,276,986$9,506,852
87$16,916,254$4,958,621$3,273,506$10,196,305
88$18,524,885$5,084,766$3,266,342$10,949,060
89$20,293,917$5,213,413$3,255,257$11,771,426
90$22,239,593$5,344,567$3,240,005$12,670,351
91$24,379,813$5,478,232$3,220,327$13,653,493
92$26,734,297$5,614,408$3,195,950$14,729,287
93$29,324,771$5,753,091$3,166,591$15,907,029
94$32,175,177$5,894,271$3,131,951$17,196,961
95$35,311,892$6,037,937$3,091,718$18,610,367
96$38,763,979$6,184,070$3,045,565$20,159,684
97$42,563,462$6,332,647$2,993,149$21,858,613
98$46,745,628$6,483,640$2,934,112$23,722,255
99$51,349,357$6,637,013$2,868,080$25,767,247
100$56,417,490$6,792,725$2,794,659$28,011,926