Can I retire at age 66 with 2,730,000?

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 $2,730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$225,441$223,433$221,474$219,561$217,694$213,211
2 years$111,604$109,526$107,511$105,558$103,664$99,168
3 years$73,664$71,576$69,567$67,632$65,769$61,400
4 years$54,697$52,616$50,627$48,725$46,907$42,699
5 years$43,320$41,252$39,289$37,426$35,658$31,623
6 years$35,738$33,685$31,751$29,930$28,215$24,357
7 years$30,324$28,289$26,385$24,607$22,946$19,266
8 years$26,266$24,249$22,377$20,642$19,036$15,532
9 years$23,111$21,113$19,273$17,582$16,031$12,702
10 years$20,589$18,610$16,803$15,156$13,659$10,501
11 years$18,526$16,567$14,793$13,190$11,747$8,756
12 years$16,809$14,870$13,128$11,570$10,180$7,352
13 years$15,357$13,438$11,729$10,214$8,877$6,207
14 years$14,113$12,215$10,539$9,067$7,782$5,264
15 years$13,036$11,158$9,515$8,086$6,852$4,481
16 years$12,095$10,238$8,627$7,240$6,056$3,827
17 years$11,265$9,429$7,850$6,505$5,369$3,276
18 years$10,529$8,712$7,166$5,863$4,774$2,811
19 years$9,870$8,075$6,560$5,297$4,255$2,417
20 years$9,278$7,503$6,021$4,798$3,801$2,081
21 years$8,744$6,989$5,538$4,354$3,401$1,795
22 years$8,258$6,524$5,104$3,959$3,049$1,549
23 years$7,816$6,102$4,713$3,606$2,737$1,339
24 years$7,410$5,717$4,358$3,289$2,460$1,158
25 years$7,038$5,365$4,037$3,003$2,214$1,002
26 years$6,695$5,042$3,744$2,746$1,994$868
27 years$6,378$4,745$3,477$2,514$1,798$752
28 years$6,085$4,472$3,232$2,303$1,622$652
29 years$5,811$4,218$3,008$2,112$1,465$565
30 years$5,557$3,984$2,801$1,938$1,323$490
31 years$5,320$3,766$2,612$1,780$1,196$426
32 years$5,097$3,563$2,437$1,636$1,082$369
33 years$4,889$3,375$2,275$1,504$979$321
34 years$4,693$3,198$2,126$1,384$887$279
35 years$4,509$3,034$1,987$1,274$803$242
36 years$4,336$2,879$1,859$1,173$728$210
37 years$4,172$2,735$1,740$1,081$660$183
38 years$4,017$2,599$1,630$997$598$159
39 years$3,871$2,471$1,527$919$542$138
40 years$3,732$2,351$1,431$848$492$120
41 years$3,601$2,238$1,342$782$446$104
42 years$3,476$2,132$1,259$722$405$91
43 years$3,357$2,031$1,181$666$367$79
44 years$3,244$1,936$1,109$615$334$68
45 years$3,136$1,846$1,041$568$303$59
46 years$3,033$1,761$978$525$275$52
47 years$2,935$1,681$919$485$250$45
48 years$2,841$1,604$863$448$227$39
49 years$2,751$1,532$811$414$206$34
50 years$2,665$1,464$763$383$187$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,730,000, adding $6,999 every year, while hoping to spend $46,202 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: 52/19/29 Blend
65$2,730,000$2,730,000$2,730,000$2,730,000
66$3,015,679$2,870,989$2,828,674$3,147,598
67$3,274,120$2,962,509$2,874,276$3,331,666
68$3,557,373$3,056,965$2,919,858$3,526,580
69$3,867,921$3,154,452$2,965,369$3,737,722
70$4,208,497$3,255,068$3,010,757$3,966,662
71$4,582,112$3,358,915$3,055,965$4,215,128
72$4,992,084$3,466,098$3,100,936$4,485,025
73$5,442,063$3,576,724$3,145,605$4,778,449
74$5,936,076$3,690,906$3,189,904$5,097,707
75$6,478,554$3,808,758$3,233,764$5,445,342
76$7,074,380$3,930,401$3,277,109$5,824,153
77$7,728,933$4,055,957$3,319,859$6,237,223
78$8,448,140$4,185,554$3,361,929$6,687,948
79$9,238,527$4,319,323$3,403,231$7,180,069
80$10,107,287$4,457,400$3,443,669$7,717,705
81$11,062,343$4,599,926$3,483,145$8,305,396
82$12,112,424$4,747,044$3,521,553$8,948,140
83$13,267,148$4,898,906$3,558,781$9,651,446
84$14,537,110$5,055,666$3,594,714$10,421,382
85$15,933,985$5,217,483$3,629,226$11,264,632
86$17,470,635$5,384,523$3,662,189$12,188,561
87$19,161,232$5,556,957$3,693,464$13,201,283
88$21,021,390$5,734,960$3,722,908$14,311,739
89$23,068,315$5,918,716$3,750,368$15,529,777
90$25,320,962$6,108,412$3,775,684$16,866,251
91$27,800,219$6,304,243$3,798,689$18,333,118
92$30,529,101$6,506,411$3,819,204$19,943,554
93$33,532,966$6,715,122$3,837,044$21,712,076
94$36,839,757$6,930,591$3,852,014$23,654,682
95$40,480,264$7,153,042$3,863,908$25,788,996
96$44,488,412$7,382,702$3,872,510$28,134,443
97$48,901,584$7,619,809$3,877,593$30,712,423
98$53,760,974$7,864,608$3,878,921$33,546,520
99$59,111,972$8,117,352$3,876,243$36,662,719
100$65,004,593$8,378,303$3,869,298$40,089,657