Can I retire at age 66 with 2,710,000?

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 $2,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$223,789$221,796$219,851$217,953$216,099$210,961
2 years$110,787$108,723$106,724$104,785$102,904$97,758
3 years$73,124$71,052$69,057$67,137$65,287$60,292
4 years$54,297$52,231$50,256$48,368$46,563$41,760
5 years$43,003$40,950$39,001$37,151$35,397$30,797
6 years$35,476$33,438$31,518$29,710$28,008$23,618
7 years$30,102$28,081$26,192$24,426$22,778$18,597
8 years$26,074$24,071$22,213$20,491$18,897$14,924
9 years$22,942$20,958$19,132$17,454$15,914$12,146
10 years$20,438$18,474$16,680$15,045$13,559$9,992
11 years$18,391$16,446$14,684$13,094$11,661$8,289
12 years$16,686$14,761$13,032$11,485$10,106$6,923
13 years$15,244$13,340$11,643$10,140$8,812$5,814
14 years$14,010$12,125$10,462$9,001$7,725$4,904
15 years$12,941$11,077$9,445$8,027$6,801$4,152
16 years$12,006$10,163$8,564$7,187$6,011$3,525
17 years$11,183$9,359$7,793$6,458$5,330$3,001
18 years$10,451$8,649$7,114$5,820$4,739$2,560
19 years$9,798$8,015$6,512$5,259$4,224$2,188
20 years$9,210$7,448$5,977$4,763$3,773$1,873
21 years$8,680$6,938$5,497$4,322$3,376$1,605
22 years$8,198$6,476$5,067$3,930$3,026$1,377
23 years$7,758$6,057$4,678$3,579$2,717$1,182
24 years$7,356$5,675$4,326$3,264$2,442$1,016
25 years$6,987$5,326$4,007$2,981$2,197$874
26 years$6,646$5,005$3,716$2,726$1,979$752
27 years$6,332$4,711$3,451$2,495$1,784$647
28 years$6,040$4,439$3,208$2,286$1,610$557
29 years$5,769$4,187$2,985$2,096$1,454$480
30 years$5,516$3,955$2,781$1,924$1,314$414
31 years$5,281$3,738$2,593$1,767$1,188$357
32 years$5,060$3,537$2,419$1,624$1,074$308
33 years$4,853$3,350$2,259$1,493$972$265
34 years$4,659$3,175$2,110$1,374$880$229
35 years$4,476$3,011$1,973$1,265$797$198
36 years$4,304$2,858$1,846$1,165$722$170
37 years$4,142$2,715$1,727$1,073$655$147
38 years$3,988$2,580$1,618$989$594$127
39 years$3,843$2,453$1,516$912$538$110
40 years$3,705$2,334$1,421$841$488$95
41 years$3,574$2,222$1,332$776$443$82
42 years$3,450$2,116$1,250$716$402$70
43 years$3,332$2,016$1,172$661$365$61
44 years$3,220$1,922$1,101$611$331$53
45 years$3,113$1,833$1,033$564$301$45
46 years$3,011$1,748$971$521$273$39
47 years$2,913$1,668$912$481$248$34
48 years$2,820$1,593$857$445$225$29
49 years$2,731$1,521$805$411$204$25
50 years$2,646$1,453$757$380$186$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,710,000, adding $6,737 every year, while hoping to spend $53,463 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: 30/50/20 Blend
65$2,710,000$2,710,000$2,710,000$2,710,000
66$2,993,369$2,849,739$2,807,734$3,064,225
67$3,241,809$2,932,492$2,844,909$3,201,392
68$3,513,797$3,017,508$2,881,537$3,343,584
69$3,811,680$3,104,842$2,917,545$3,495,428
70$4,138,040$3,194,548$2,952,851$3,657,789
71$4,495,723$3,286,684$2,987,375$3,831,622
72$4,887,861$3,381,305$3,021,026$4,017,972
73$5,317,904$3,478,471$3,053,712$4,217,994
74$5,789,654$3,578,239$3,085,334$4,432,952
75$6,307,296$3,680,670$3,115,790$4,664,242
76$6,875,440$3,785,823$3,144,969$4,913,397
77$7,499,167$3,893,760$3,172,758$5,182,104
78$8,184,070$4,004,543$3,199,033$5,472,221
79$8,936,313$4,118,233$3,223,669$5,785,791
80$9,762,685$4,234,895$3,246,530$6,125,065
81$10,670,666$4,354,591$3,267,475$6,492,519
82$11,668,494$4,477,387$3,286,356$6,890,881
83$12,765,248$4,603,346$3,303,016$7,323,153
84$13,970,927$4,732,534$3,317,291$7,792,643
85$15,296,550$4,865,016$3,329,009$8,302,990
86$16,754,255$5,000,858$3,337,987$8,858,206
87$18,357,415$5,140,127$3,344,036$9,462,707
88$20,120,766$5,282,888$3,346,956$10,121,359
89$22,060,543$5,429,208$3,346,537$10,839,519
90$24,194,631$5,579,152$3,342,559$11,623,091
91$26,542,739$5,732,786$3,334,791$12,478,577
92$29,126,583$5,890,177$3,322,991$13,413,141
93$31,970,088$6,051,389$3,306,904$14,434,675
94$35,099,617$6,216,487$3,286,266$15,551,874
95$38,544,218$6,385,535$3,260,796$16,774,316
96$42,335,898$6,558,597$3,230,203$18,112,557
97$46,509,926$6,735,734$3,194,180$19,578,225
98$51,105,160$6,917,007$3,152,408$21,184,133
99$56,164,422$7,102,476$3,104,549$22,944,401
100$61,734,895$7,292,199$3,050,253$24,874,585