Can I retire at age 67 with 2,740,000?

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 $2,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$226,267$224,251$222,285$220,366$218,491$210,572
2 years$112,013$109,927$107,905$105,945$104,044$96,151
3 years$73,934$71,839$69,822$67,880$66,010$58,393
4 years$54,898$52,809$50,812$48,904$47,079$39,796
5 years$43,479$41,403$39,433$37,563$35,788$28,859
6 years$35,869$33,809$31,867$30,039$28,318$21,747
7 years$30,436$28,392$26,482$24,697$23,030$16,815
8 years$26,362$24,337$22,459$20,718$19,106$13,242
9 years$23,196$21,190$19,344$17,647$16,090$10,569
10 years$20,664$18,678$16,864$15,212$13,709$8,522
11 years$18,594$16,628$14,847$13,239$11,790$6,926
12 years$16,870$14,924$13,176$11,612$10,217$5,664
13 years$15,413$13,487$11,772$10,252$8,910$4,654
14 years$14,165$12,260$10,577$9,100$7,810$3,840
15 years$13,084$11,199$9,550$8,116$6,877$3,178
16 years$12,139$10,275$8,658$7,267$6,078$2,637
17 years$11,307$9,463$7,879$6,529$5,389$2,193
18 years$10,567$8,744$7,192$5,884$4,792$1,827
19 years$9,906$8,104$6,584$5,317$4,271$1,524
20 years$9,312$7,531$6,043$4,815$3,815$1,273
21 years$8,776$7,015$5,558$4,370$3,414$1,064
22 years$8,288$6,548$5,123$3,974$3,060$891
23 years$7,844$6,124$4,730$3,619$2,747$746
24 years$7,438$5,738$4,374$3,301$2,469$625
25 years$7,064$5,385$4,052$3,014$2,222$524
26 years$6,720$5,061$3,758$2,756$2,001$439
27 years$6,402$4,763$3,489$2,523$1,804$368
28 years$6,107$4,488$3,244$2,311$1,628$309
29 years$5,833$4,234$3,019$2,120$1,470$259
30 years$5,577$3,998$2,812$1,945$1,328$218
31 years$5,339$3,780$2,621$1,787$1,201$183
32 years$5,116$3,576$2,446$1,642$1,086$154
33 years$4,907$3,387$2,284$1,510$983$129
34 years$4,711$3,210$2,134$1,389$890$108
35 years$4,526$3,045$1,995$1,279$806$91
36 years$4,352$2,890$1,866$1,178$730$76
37 years$4,187$2,745$1,747$1,085$662$64
38 years$4,032$2,608$1,636$1,000$600$54
39 years$3,885$2,480$1,532$922$544$45
40 years$3,746$2,360$1,436$851$494$38
41 years$3,614$2,246$1,347$785$448$32
42 years$3,488$2,139$1,263$724$406$27
43 years$3,369$2,038$1,185$669$369$23
44 years$3,256$1,943$1,113$617$335$19
45 years$3,147$1,853$1,045$570$304$16
46 years$3,044$1,768$981$527$276$13
47 years$2,946$1,687$922$487$251$11
48 years$2,851$1,610$866$450$228$9
49 years$2,761$1,538$814$416$207$8
50 years$2,675$1,469$766$384$188$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,740,000, adding $5,120 every year, while hoping to spend $50,806 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: 56/16/28 Blend
66$2,740,000$2,740,000$2,740,000$2,740,000
67$3,024,761$2,879,541$2,837,071$3,170,542
68$3,279,230$2,966,582$2,878,056$3,358,460
69$3,557,951$3,056,184$2,918,711$3,557,395
70$3,863,346$3,148,421$2,958,971$3,773,122
71$4,198,079$3,243,365$2,998,769$4,007,279
72$4,565,086$3,341,093$3,038,030$4,261,669
73$4,967,600$3,441,682$3,076,680$4,538,279
74$5,409,182$3,545,211$3,114,635$4,839,296
75$5,893,754$3,651,762$3,151,811$5,167,129
76$6,425,637$3,761,419$3,188,117$5,524,433
77$7,009,590$3,874,266$3,223,457$5,914,131
78$7,650,855$3,990,392$3,257,729$6,339,444
79$8,355,207$4,109,886$3,290,828$6,803,921
80$9,129,008$4,232,840$3,322,640$7,311,469
81$9,979,265$4,359,348$3,353,048$7,866,396
82$10,913,701$4,489,506$3,381,925$8,473,447
83$11,940,821$4,623,414$3,409,142$9,137,850
84$13,069,995$4,761,172$3,434,559$9,865,364
85$14,311,548$4,902,883$3,458,030$10,662,336
86$15,676,855$5,048,653$3,479,403$11,535,759
87$17,178,447$5,198,590$3,498,516$12,493,339
88$18,830,132$5,352,805$3,515,200$13,543,567
89$20,647,122$5,511,409$3,529,276$14,695,797
90$22,646,180$5,674,519$3,540,558$15,960,339
91$24,845,772$5,842,253$3,548,848$17,348,554
92$27,266,248$6,014,730$3,553,942$18,872,959
93$29,930,028$6,192,075$3,555,622$20,547,348
94$32,861,816$6,374,412$3,553,660$22,386,924
95$36,088,833$6,561,869$3,547,819$24,408,437
96$39,641,071$6,754,578$3,537,849$26,630,346
97$43,551,580$6,952,672$3,523,486$29,072,992
98$47,856,775$7,156,287$3,504,457$31,758,794
99$52,596,783$7,365,561$3,480,472$34,712,452
100$57,815,817$7,580,636$3,451,231$37,961,190