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

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 $2,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$222,963$220,977$219,040$217,149$215,302$213,676
2 years$110,378$108,322$106,330$104,398$102,525$100,886
3 years$72,854$70,790$68,803$66,889$65,046$63,445
4 years$54,096$52,038$50,071$48,190$46,391$44,840
5 years$42,844$40,798$38,857$37,014$35,266$33,769
6 years$35,345$33,315$31,402$29,601$27,905$26,464
7 years$29,991$27,978$26,095$24,336$22,694$21,310
8 years$25,977$23,982$22,131$20,415$18,827$17,500
9 years$22,857$20,881$19,061$17,389$15,855$14,584
10 years$20,362$18,405$16,618$14,990$13,509$12,294
11 years$18,323$16,385$14,630$13,045$11,618$10,459
12 years$16,624$14,707$12,984$11,443$10,068$8,962
13 years$15,188$13,290$11,600$10,102$8,780$7,727
14 years$13,958$12,081$10,423$8,968$7,696$6,695
15 years$12,893$11,036$9,411$7,997$6,776$5,825
16 years$11,962$10,125$8,532$7,161$5,989$5,086
17 years$11,141$9,325$7,764$6,434$5,310$4,454
18 years$10,413$8,617$7,087$5,798$4,722$3,911
19 years$9,762$7,986$6,488$5,239$4,208$3,442
20 years$9,176$7,421$5,954$4,745$3,759$3,035
21 years$8,648$6,912$5,477$4,307$3,364$2,681
22 years$8,167$6,452$5,048$3,916$3,015$2,371
23 years$7,730$6,035$4,661$3,566$2,707$2,100
24 years$7,329$5,654$4,310$3,252$2,433$1,862
25 years$6,961$5,306$3,992$2,970$2,189$1,653
26 years$6,622$4,987$3,703$2,716$1,972$1,468
27 years$6,308$4,693$3,438$2,486$1,778$1,305
28 years$6,018$4,422$3,196$2,278$1,604$1,161
29 years$5,748$4,172$2,974$2,089$1,449$1,033
30 years$5,496$3,940$2,771$1,917$1,309$920
31 years$5,261$3,725$2,583$1,760$1,183$820
32 years$5,041$3,524$2,410$1,618$1,070$731
33 years$4,835$3,338$2,250$1,488$969$652
34 years$4,642$3,163$2,102$1,369$877$581
35 years$4,460$3,000$1,966$1,260$794$519
36 years$4,288$2,848$1,839$1,161$720$463
37 years$4,126$2,705$1,721$1,069$652$413
38 years$3,973$2,570$1,612$986$591$369
39 years$3,829$2,444$1,510$909$536$330
40 years$3,691$2,325$1,415$838$486$294
41 years$3,561$2,214$1,327$773$441$263
42 years$3,437$2,108$1,245$714$400$235
43 years$3,320$2,009$1,168$659$363$210
44 years$3,208$1,915$1,097$608$330$188
45 years$3,101$1,826$1,030$562$299$168
46 years$3,000$1,742$967$519$272$150
47 years$2,903$1,662$909$479$247$134
48 years$2,810$1,587$854$443$224$120
49 years$2,721$1,515$802$409$204$107
50 years$2,636$1,447$754$378$185$96

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 $2,993 every year, while hoping to spend $43,599 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: 77/8/15 Blend
65$2,700,000$2,700,000$2,700,000$2,700,000
66$2,978,487$2,835,387$2,793,537$3,198,109
67$3,235,904$2,927,932$2,840,732$3,435,949
68$3,518,116$3,023,551$2,888,046$3,690,904
69$3,827,606$3,122,347$2,935,438$3,969,289
70$4,167,110$3,224,430$2,982,863$4,273,426
71$4,539,639$3,329,911$3,030,273$4,605,874
72$4,948,512$3,438,906$3,077,617$4,969,450
73$5,397,383$3,551,536$3,124,840$5,367,257
74$5,890,280$3,667,924$3,171,886$5,802,714
75$6,431,636$3,788,200$3,218,691$6,279,585
76$7,026,338$3,912,497$3,265,192$6,802,017
77$7,679,767$4,040,953$3,311,320$7,374,578
78$8,397,854$4,173,710$3,356,999$8,002,300
79$9,187,131$4,310,917$3,402,154$8,690,727
80$10,054,793$4,452,727$3,446,701$9,445,965
81$11,008,770$4,599,299$3,490,554$10,274,743
82$12,057,797$4,750,797$3,533,620$11,184,472
83$13,211,498$4,907,392$3,575,802$12,183,318
84$14,480,477$5,069,260$3,616,997$13,280,277
85$15,876,415$5,236,583$3,657,096$14,485,261
86$17,412,185$5,409,552$3,695,985$15,809,191
87$19,101,970$5,588,362$3,733,543$17,264,100
88$20,961,396$5,773,216$3,769,641$18,863,244
89$23,007,680$5,964,326$3,804,146$20,621,230
90$25,259,795$6,161,909$3,836,916$22,554,154
91$27,738,643$6,366,192$3,867,802$24,679,748
92$30,467,258$6,577,408$3,896,646$27,017,553
93$33,471,018$6,795,801$3,923,284$29,589,098
94$36,777,889$7,021,623$3,947,541$32,418,108
95$40,418,685$7,255,134$3,969,235$35,530,724
96$44,427,360$7,496,604$3,988,174$38,955,750
97$48,841,328$7,746,315$4,004,155$42,724,926
98$53,701,816$8,004,556$4,016,966$46,873,225
99$59,054,251$8,271,630$4,026,384$51,439,188
100$64,948,692$8,547,847$4,032,176$56,465,280