Can I retire at age 67 with 2,770,000?

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 $2,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$228,744$226,706$224,719$222,778$220,884$215,456
2 years$113,240$111,131$109,087$107,105$105,183$99,748
3 years$74,743$72,625$70,586$68,623$66,732$61,461
4 years$55,499$53,387$51,369$49,439$47,594$42,526
5 years$43,955$41,856$39,864$37,974$36,180$31,329
6 years$36,262$34,179$32,216$30,368$28,628$24,000
7 years$30,769$28,703$26,772$24,967$23,282$18,877
8 years$26,651$24,604$22,705$20,944$19,315$15,130
9 years$23,450$21,422$19,556$17,840$16,266$12,299
10 years$20,890$18,883$17,049$15,378$13,859$10,105
11 years$18,798$16,810$15,010$13,384$11,920$8,373
12 years$17,055$15,088$13,321$11,739$10,329$6,984
13 years$15,582$13,635$11,901$10,364$9,007$5,857
14 years$14,320$12,394$10,693$9,200$7,896$4,934
15 years$13,227$11,322$9,655$8,205$6,952$4,171
16 years$12,272$10,388$8,753$7,347$6,144$3,536
17 years$11,430$9,567$7,965$6,601$5,448$3,006
18 years$10,683$8,840$7,271$5,949$4,844$2,561
19 years$10,015$8,193$6,656$5,375$4,318$2,185
20 years$9,414$7,613$6,109$4,868$3,857$1,867
21 years$8,872$7,091$5,619$4,418$3,451$1,598
22 years$8,379$6,620$5,179$4,017$3,093$1,369
23 years$7,930$6,191$4,782$3,659$2,777$1,174
24 years$7,519$5,801$4,422$3,337$2,496$1,007
25 years$7,141$5,444$4,096$3,047$2,246$865
26 years$6,794$5,116$3,799$2,786$2,023$743
27 years$6,472$4,815$3,527$2,550$1,824$638
28 years$6,174$4,537$3,279$2,337$1,646$549
29 years$5,897$4,280$3,052$2,143$1,486$472
30 years$5,639$4,042$2,842$1,967$1,343$406
31 years$5,398$3,821$2,650$1,806$1,214$350
32 years$5,172$3,616$2,472$1,660$1,098$301
33 years$4,961$3,424$2,309$1,526$994$259
34 years$4,762$3,245$2,157$1,404$900$223
35 years$4,575$3,078$2,017$1,293$815$192
36 years$4,399$2,922$1,886$1,191$738$166
37 years$4,233$2,775$1,766$1,097$669$143
38 years$4,076$2,637$1,654$1,011$607$123
39 years$3,928$2,508$1,549$932$550$106
40 years$3,787$2,386$1,452$860$499$91
41 years$3,653$2,271$1,362$793$453$79
42 years$3,527$2,163$1,277$732$411$68
43 years$3,406$2,061$1,198$676$373$58
44 years$3,291$1,964$1,125$624$338$50
45 years$3,182$1,873$1,056$576$307$43
46 years$3,077$1,787$992$532$279$37
47 years$2,978$1,705$932$492$253$32
48 years$2,883$1,628$876$455$230$28
49 years$2,792$1,555$823$420$209$24
50 years$2,704$1,485$774$388$190$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,770,000, adding $6,715 every year, while hoping to spend $51,779 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: 27/48/25 Blend
66$2,770,000$2,770,000$2,770,000$2,770,000
67$3,059,467$2,912,657$2,869,722$3,117,947
68$3,316,440$3,000,284$2,910,765$3,252,820
69$3,597,889$3,090,470$2,951,447$3,392,587
70$3,906,255$3,183,285$2,991,703$3,541,580
71$4,244,229$3,278,802$3,031,461$3,700,618
72$4,614,771$3,377,094$3,070,646$3,870,598
73$5,021,144$3,478,238$3,109,179$4,052,511
74$5,466,941$3,582,312$3,146,976$4,247,443
75$5,956,118$3,689,394$3,183,949$4,456,588
76$6,493,036$3,799,568$3,220,005$4,681,262
77$7,082,494$3,912,916$3,255,044$4,922,908
78$7,729,784$4,029,524$3,288,963$5,183,117
79$8,440,730$4,149,479$3,321,652$5,463,638
80$9,221,752$4,272,871$3,352,995$5,766,397
81$10,079,921$4,399,792$3,382,870$6,093,512
82$11,023,025$4,530,334$3,411,148$6,447,315
83$12,059,648$4,664,594$3,437,695$6,830,372
84$13,199,242$4,802,669$3,462,368$7,245,510
85$14,452,224$4,944,660$3,485,017$7,695,839
86$15,830,071$5,090,668$3,505,485$8,184,784
87$17,345,424$5,240,797$3,523,605$8,716,118
88$19,012,216$5,395,154$3,539,204$9,293,993
89$20,845,793$5,553,848$3,552,099$9,922,985
90$22,863,067$5,716,990$3,562,097$10,608,131
91$25,082,669$5,884,691$3,568,997$11,354,979
92$27,525,130$6,057,069$3,572,586$12,169,642
93$30,213,067$6,234,240$3,572,643$13,058,852
94$33,171,407$6,416,325$3,568,933$14,030,025
95$36,427,610$6,603,444$3,561,212$15,091,330
96$40,011,937$6,795,723$3,549,223$16,251,768
97$43,957,729$6,993,288$3,532,696$17,521,253
98$48,301,726$7,196,268$3,511,350$18,910,708
99$53,084,410$7,404,794$3,484,889$20,432,170
100$58,350,390$7,618,999$3,453,002$22,098,897