Can I retire at age 66 with 2,720,000?

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 $2,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$224,615$222,614$220,662$218,757$216,897$210,206
2 years$111,196$109,125$107,118$105,172$103,284$96,602
3 years$73,394$71,314$69,312$67,384$65,528$59,064
4 years$54,497$52,423$50,442$48,547$46,735$40,538
5 years$43,162$41,101$39,145$37,289$35,527$29,615
6 years$35,607$33,562$31,635$29,820$28,111$22,489
7 years$30,213$28,185$26,289$24,517$22,862$17,528
8 years$26,170$24,160$22,295$20,566$18,966$13,918
9 years$23,027$21,035$19,203$17,518$15,972$11,204
10 years$20,513$18,542$16,741$15,101$13,609$9,114
11 years$18,458$16,507$14,739$13,142$11,704$7,475
12 years$16,747$14,815$13,080$11,527$10,143$6,170
13 years$15,300$13,389$11,686$10,177$8,845$5,118
14 years$14,061$12,170$10,500$9,034$7,753$4,264
15 years$12,988$11,118$9,480$8,057$6,827$3,564
16 years$12,051$10,200$8,595$7,214$6,033$2,988
17 years$11,224$9,394$7,821$6,482$5,350$2,510
18 years$10,490$8,680$7,140$5,841$4,757$2,113
19 years$9,834$8,045$6,536$5,278$4,240$1,782
20 years$9,244$7,476$5,999$4,780$3,787$1,504
21 years$8,712$6,963$5,518$4,338$3,389$1,271
22 years$8,228$6,500$5,085$3,945$3,038$1,076
23 years$7,787$6,079$4,695$3,592$2,727$911
24 years$7,383$5,696$4,342$3,277$2,451$772
25 years$7,013$5,345$4,022$2,992$2,205$654
26 years$6,671$5,024$3,730$2,736$1,987$555
27 years$6,355$4,728$3,464$2,504$1,791$471
28 years$6,062$4,455$3,220$2,295$1,616$399
29 years$5,790$4,203$2,997$2,104$1,459$339
30 years$5,537$3,969$2,791$1,931$1,319$288
31 years$5,300$3,752$2,602$1,774$1,192$245
32 years$5,079$3,550$2,428$1,630$1,078$208
33 years$4,871$3,362$2,267$1,499$976$177
34 years$4,676$3,187$2,118$1,379$884$150
35 years$4,493$3,023$1,980$1,270$800$127
36 years$4,320$2,869$1,852$1,169$725$108
37 years$4,157$2,725$1,734$1,077$657$92
38 years$4,003$2,589$1,624$993$596$78
39 years$3,857$2,462$1,521$916$540$67
40 years$3,719$2,343$1,426$844$490$57
41 years$3,588$2,230$1,337$779$445$48
42 years$3,463$2,124$1,254$719$403$41
43 years$3,345$2,024$1,177$664$366$35
44 years$3,232$1,929$1,105$613$332$30
45 years$3,124$1,839$1,037$566$302$25
46 years$3,022$1,755$974$523$274$21
47 years$2,924$1,674$915$483$249$18
48 years$2,831$1,599$860$446$226$15
49 years$2,741$1,526$808$412$205$13
50 years$2,656$1,458$760$381$186$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,720,000, adding $3,669 every year, while hoping to spend $27,329 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: 44/38/18 Blend
65$2,720,000$2,720,000$2,720,000$2,720,000
66$3,001,225$2,857,065$2,814,905$3,117,510
67$3,278,272$2,967,983$2,880,126$3,310,477
68$3,582,662$3,083,420$2,946,616$3,516,518
69$3,917,154$3,203,569$3,014,390$3,739,275
70$4,284,791$3,328,631$3,083,458$3,980,303
71$4,688,921$3,458,815$3,153,836$4,241,314
72$5,133,236$3,594,342$3,225,534$4,524,187
73$5,621,801$3,735,440$3,298,564$4,830,987
74$6,159,096$3,882,348$3,372,938$5,163,984
75$6,750,058$4,035,317$3,448,665$5,525,672
76$7,400,124$4,194,607$3,525,755$5,918,795
77$8,115,285$4,360,492$3,604,217$6,346,368
78$8,902,144$4,533,256$3,684,058$6,811,707
79$9,767,975$4,713,197$3,765,286$7,318,460
80$10,720,791$4,900,627$3,847,906$7,870,636
81$11,769,423$5,095,869$3,931,922$8,472,650
82$12,923,602$5,299,265$4,017,340$9,129,354
83$14,194,049$5,511,168$4,104,160$9,846,090
84$15,592,577$5,731,950$4,192,384$10,628,733
85$17,132,203$5,961,999$4,282,012$11,483,751
86$18,827,270$6,201,719$4,373,042$12,418,258
87$20,693,583$6,451,535$4,465,470$13,440,086
88$22,748,556$6,711,888$4,559,291$14,557,855
89$25,011,380$6,983,241$4,654,499$15,781,054
90$27,503,200$7,266,079$4,751,083$17,120,126
91$30,247,316$7,560,907$4,849,035$18,586,569
92$33,269,404$7,868,253$4,948,339$20,193,041
93$36,597,756$8,188,670$5,048,981$21,953,478
94$40,263,549$8,522,736$5,150,943$23,883,224
95$44,301,136$8,871,056$5,254,205$25,999,173
96$48,748,374$9,234,260$5,358,743$28,319,929
97$53,646,979$9,613,010$5,464,532$30,865,979
98$59,042,920$10,007,995$5,571,542$33,659,880
99$64,986,850$10,419,940$5,679,742$36,726,477
100$71,534,591$10,849,599$5,789,095$40,093,131