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

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 $2,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$223,789$221,796$219,851$217,953$216,099$209,182
2 years$110,787$108,723$106,724$104,785$102,904$95,999
3 years$73,124$71,052$69,057$67,137$65,287$58,610
4 years$54,297$52,231$50,256$48,368$46,563$40,166
5 years$43,003$40,950$39,001$37,151$35,397$29,297
6 years$35,476$33,438$31,518$29,710$28,008$22,210
7 years$30,102$28,081$26,192$24,426$22,778$17,282
8 years$26,074$24,071$22,213$20,491$18,897$13,698
9 years$22,942$20,958$19,132$17,454$15,914$11,007
10 years$20,438$18,474$16,680$15,045$13,559$8,937
11 years$18,391$16,446$14,684$13,094$11,661$7,315
12 years$16,686$14,761$13,032$11,485$10,106$6,026
13 years$15,244$13,340$11,643$10,140$8,812$4,989
14 years$14,010$12,125$10,462$9,001$7,725$4,148
15 years$12,941$11,077$9,445$8,027$6,801$3,460
16 years$12,006$10,163$8,564$7,187$6,011$2,894
17 years$11,183$9,359$7,793$6,458$5,330$2,426
18 years$10,451$8,649$7,114$5,820$4,739$2,038
19 years$9,798$8,015$6,512$5,259$4,224$1,714
20 years$9,210$7,448$5,977$4,763$3,773$1,444
21 years$8,680$6,938$5,497$4,322$3,376$1,218
22 years$8,198$6,476$5,067$3,930$3,026$1,028
23 years$7,758$6,057$4,678$3,579$2,717$868
24 years$7,356$5,675$4,326$3,264$2,442$734
25 years$6,987$5,326$4,007$2,981$2,197$620
26 years$6,646$5,005$3,716$2,726$1,979$525
27 years$6,332$4,711$3,451$2,495$1,784$444
28 years$6,040$4,439$3,208$2,286$1,610$376
29 years$5,769$4,187$2,985$2,096$1,454$319
30 years$5,516$3,955$2,781$1,924$1,314$270
31 years$5,281$3,738$2,593$1,767$1,188$229
32 years$5,060$3,537$2,419$1,624$1,074$194
33 years$4,853$3,350$2,259$1,493$972$164
34 years$4,659$3,175$2,110$1,374$880$139
35 years$4,476$3,011$1,973$1,265$797$118
36 years$4,304$2,858$1,846$1,165$722$100
37 years$4,142$2,715$1,727$1,073$655$85
38 years$3,988$2,580$1,618$989$594$72
39 years$3,843$2,453$1,516$912$538$61
40 years$3,705$2,334$1,421$841$488$52
41 years$3,574$2,222$1,332$776$443$44
42 years$3,450$2,116$1,250$716$402$37
43 years$3,332$2,016$1,172$661$365$32
44 years$3,220$1,922$1,101$611$331$27
45 years$3,113$1,833$1,033$564$301$23
46 years$3,011$1,748$971$521$273$19
47 years$2,913$1,668$912$481$248$16
48 years$2,820$1,593$857$445$225$14
49 years$2,731$1,521$805$411$204$12
50 years$2,646$1,453$757$380$186$10

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 $3,842 every year, while hoping to spend $59,422 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: 53/18/29 Blend
65$2,710,000$2,710,000$2,710,000$2,710,000
66$2,990,383$2,846,753$2,804,748$3,124,424
67$3,232,178$2,923,019$2,835,483$3,294,137
68$3,496,644$3,001,031$2,865,255$3,472,399
69$3,786,031$3,080,811$2,893,971$3,665,238
70$4,102,816$3,162,382$2,921,529$3,874,075
71$4,449,728$3,245,763$2,947,825$4,100,477
72$4,829,771$3,330,976$2,972,748$4,346,168
73$5,246,252$3,418,038$2,996,179$4,613,048
74$5,702,815$3,506,967$3,017,997$4,903,214
75$6,203,474$3,597,780$3,038,071$5,218,971
76$6,752,647$3,690,490$3,056,265$5,562,865
77$7,355,203$3,785,110$3,072,436$5,937,698
78$8,016,504$3,881,651$3,086,433$6,346,558
79$8,742,456$3,980,120$3,098,097$6,792,851
80$9,539,566$4,080,526$3,107,263$7,280,326
81$10,415,001$4,182,870$3,113,755$7,813,119
82$11,376,655$4,287,155$3,117,390$8,395,787
83$12,433,227$4,393,379$3,117,976$9,033,351
84$13,594,298$4,501,537$3,115,310$9,731,347
85$14,870,424$4,611,620$3,109,180$10,495,875
86$16,273,235$4,723,616$3,099,365$11,333,659
87$17,815,542$4,837,510$3,085,631$12,252,108
88$19,511,461$4,953,282$3,067,733$13,259,392
89$21,376,544$5,070,907$3,045,417$14,364,510
90$23,427,925$5,190,355$3,018,412$15,577,387
91$25,684,483$5,311,592$2,986,438$16,908,956
92$28,167,017$5,434,577$2,949,201$18,371,270
93$30,898,445$5,559,264$2,906,392$19,977,615
94$33,904,019$5,685,600$2,857,688$21,742,632
95$37,211,559$5,813,525$2,802,751$23,682,458
96$40,851,723$5,942,973$2,741,228$25,814,879
97$44,858,288$6,073,868$2,672,748$28,159,500
98$49,268,473$6,206,127$2,596,925$30,737,927
99$54,123,288$6,339,658$2,513,353$33,573,974
100$59,467,921$6,474,358$2,421,608$36,693,887