Can I retire at age 66 with 2,700,000?

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 $2,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$222,963$220,977$219,040$217,149$215,302$210,268
2 years$110,378$108,322$106,330$104,398$102,525$97,482
3 years$72,854$70,790$68,803$66,889$65,046$60,151
4 years$54,096$52,038$50,071$48,190$46,391$41,683
5 years$42,844$40,798$38,857$37,014$35,266$30,757
6 years$35,345$33,315$31,402$29,601$27,905$23,600
7 years$29,991$27,978$26,095$24,336$22,694$18,594
8 years$25,977$23,982$22,131$20,415$18,827$14,929
9 years$22,857$20,881$19,061$17,389$15,855$12,158
10 years$20,362$18,405$16,618$14,990$13,509$10,008
11 years$18,323$16,385$14,630$13,045$11,618$8,308
12 years$16,624$14,707$12,984$11,443$10,068$6,943
13 years$15,188$13,290$11,600$10,102$8,780$5,835
14 years$13,958$12,081$10,423$8,968$7,696$4,925
15 years$12,893$11,036$9,411$7,997$6,776$4,172
16 years$11,962$10,125$8,532$7,161$5,989$3,545
17 years$11,141$9,325$7,764$6,434$5,310$3,020
18 years$10,413$8,617$7,087$5,798$4,722$2,578
19 years$9,762$7,986$6,488$5,239$4,208$2,205
20 years$9,176$7,421$5,954$4,745$3,759$1,889
21 years$8,648$6,912$5,477$4,307$3,364$1,620
22 years$8,167$6,452$5,048$3,916$3,015$1,391
23 years$7,730$6,035$4,661$3,566$2,707$1,195
24 years$7,329$5,654$4,310$3,252$2,433$1,028
25 years$6,961$5,306$3,992$2,970$2,189$885
26 years$6,622$4,987$3,703$2,716$1,972$762
27 years$6,308$4,693$3,438$2,486$1,778$656
28 years$6,018$4,422$3,196$2,278$1,604$566
29 years$5,748$4,172$2,974$2,089$1,449$488
30 years$5,496$3,940$2,771$1,917$1,309$421
31 years$5,261$3,725$2,583$1,760$1,183$363
32 years$5,041$3,524$2,410$1,618$1,070$313
33 years$4,835$3,338$2,250$1,488$969$271
34 years$4,642$3,163$2,102$1,369$877$234
35 years$4,460$3,000$1,966$1,260$794$202
36 years$4,288$2,848$1,839$1,161$720$174
37 years$4,126$2,705$1,721$1,069$652$150
38 years$3,973$2,570$1,612$986$591$130
39 years$3,829$2,444$1,510$909$536$112
40 years$3,691$2,325$1,415$838$486$97
41 years$3,561$2,214$1,327$773$441$84
42 years$3,437$2,108$1,245$714$400$72
43 years$3,320$2,009$1,168$659$363$63
44 years$3,208$1,915$1,097$608$330$54
45 years$3,101$1,826$1,030$562$299$47
46 years$3,000$1,742$967$519$272$40
47 years$2,903$1,662$909$479$247$35
48 years$2,810$1,587$854$443$224$30
49 years$2,721$1,515$802$409$204$26
50 years$2,636$1,447$754$378$185$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,700,000, adding $5,188 every year, while hoping to spend $55,271 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: 73/19/8 Blend
65$2,700,000$2,700,000$2,700,000$2,700,000
66$2,980,751$2,837,651$2,795,801$3,194,162
67$3,225,980$2,917,888$2,830,653$3,415,859
68$3,494,370$3,000,205$2,864,819$3,651,159
69$3,788,224$3,084,643$2,898,220$3,907,309
70$4,110,081$3,171,249$2,930,768$4,186,353
71$4,462,734$3,260,065$2,962,373$4,490,539
72$4,849,261$3,351,136$2,992,940$4,822,344
73$5,273,050$3,444,506$3,022,368$5,184,495
74$5,737,834$3,540,220$3,050,551$5,579,995
75$6,247,724$3,638,322$3,077,376$6,012,151
76$6,807,250$3,738,857$3,102,725$6,484,606
77$7,421,398$3,841,870$3,126,475$7,001,370
78$8,095,663$3,947,404$3,148,495$7,566,862
79$8,836,097$4,055,504$3,168,646$8,185,949
80$9,649,369$4,166,212$3,186,785$8,863,991
81$10,542,821$4,279,574$3,202,759$9,606,892
82$11,524,546$4,395,630$3,216,409$10,421,157
83$12,603,457$4,514,423$3,227,566$11,313,952
84$13,789,375$4,635,995$3,236,054$12,293,171
85$15,093,117$4,760,385$3,241,689$13,367,509
86$16,526,604$4,887,633$3,244,274$14,546,547
87$18,102,967$5,017,776$3,243,607$15,840,841
88$19,836,675$5,150,853$3,239,473$17,262,019
89$21,743,668$5,286,896$3,231,647$18,822,893
90$23,841,509$5,425,941$3,219,894$20,537,581
91$26,149,549$5,568,019$3,203,967$22,421,634
92$28,689,111$5,713,159$3,183,607$24,492,191
93$31,483,685$5,861,389$3,158,543$26,768,133
94$34,559,156$6,012,733$3,128,490$29,270,266
95$37,944,046$6,167,212$3,093,151$32,021,512
96$41,669,781$6,324,847$3,052,213$35,047,131
97$45,770,986$6,485,653$3,005,350$38,374,956
98$50,285,818$6,649,641$2,952,220$42,035,655
99$55,256,317$6,816,819$2,892,465$46,063,022
100$60,728,810$6,987,192$2,825,711$50,494,293