Can I retire at age 66 with 2,740,000?

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 $2,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$226,267$224,251$222,285$220,366$218,491$212,434
2 years$112,013$109,927$107,905$105,945$104,044$97,986
3 years$73,934$71,839$69,822$67,880$66,010$60,142
4 years$54,898$52,809$50,812$48,904$47,079$41,445
5 years$43,479$41,403$39,433$37,563$35,788$30,405
6 years$35,869$33,809$31,867$30,039$28,318$23,190
7 years$30,436$28,392$26,482$24,697$23,030$18,158
8 years$26,362$24,337$22,459$20,718$19,106$14,486
9 years$23,196$21,190$19,344$17,647$16,090$11,718
10 years$20,664$18,678$16,864$15,212$13,709$9,580
11 years$18,594$16,628$14,847$13,239$11,790$7,897
12 years$16,870$14,924$13,176$11,612$10,217$6,553
13 years$15,413$13,487$11,772$10,252$8,910$5,466
14 years$14,165$12,260$10,577$9,100$7,810$4,579
15 years$13,084$11,199$9,550$8,116$6,877$3,849
16 years$12,139$10,275$8,658$7,267$6,078$3,245
17 years$11,307$9,463$7,879$6,529$5,389$2,743
18 years$10,567$8,744$7,192$5,884$4,792$2,322
19 years$9,906$8,104$6,584$5,317$4,271$1,970
20 years$9,312$7,531$6,043$4,815$3,815$1,673
21 years$8,776$7,015$5,558$4,370$3,414$1,423
22 years$8,288$6,548$5,123$3,974$3,060$1,211
23 years$7,844$6,124$4,730$3,619$2,747$1,032
24 years$7,438$5,738$4,374$3,301$2,469$880
25 years$7,064$5,385$4,052$3,014$2,222$751
26 years$6,720$5,061$3,758$2,756$2,001$641
27 years$6,402$4,763$3,489$2,523$1,804$547
28 years$6,107$4,488$3,244$2,311$1,628$468
29 years$5,833$4,234$3,019$2,120$1,470$400
30 years$5,577$3,998$2,812$1,945$1,328$341
31 years$5,339$3,780$2,621$1,787$1,201$292
32 years$5,116$3,576$2,446$1,642$1,086$250
33 years$4,907$3,387$2,284$1,510$983$214
34 years$4,711$3,210$2,134$1,389$890$183
35 years$4,526$3,045$1,995$1,279$806$156
36 years$4,352$2,890$1,866$1,178$730$134
37 years$4,187$2,745$1,747$1,085$662$114
38 years$4,032$2,608$1,636$1,000$600$98
39 years$3,885$2,480$1,532$922$544$84
40 years$3,746$2,360$1,436$851$494$72
41 years$3,614$2,246$1,347$785$448$61
42 years$3,488$2,139$1,263$724$406$53
43 years$3,369$2,038$1,185$669$369$45
44 years$3,256$1,943$1,113$617$335$39
45 years$3,147$1,853$1,045$570$304$33
46 years$3,044$1,768$981$527$276$28
47 years$2,946$1,687$922$487$251$24
48 years$2,851$1,610$866$450$228$21
49 years$2,761$1,538$814$416$207$18
50 years$2,675$1,469$766$384$188$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,740,000, adding $3,918 every year, while hoping to spend $54,239 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: 65/18/17 Blend
65$2,740,000$2,740,000$2,740,000$2,740,000
66$3,023,521$2,878,301$2,835,831$3,207,144
67$3,274,211$2,961,628$2,873,122$3,413,989
68$3,548,652$3,047,220$2,909,844$3,633,332
69$3,849,212$3,135,131$2,945,921$3,871,712
70$4,178,495$3,225,416$2,981,272$4,130,992
71$4,539,369$3,318,129$3,015,812$4,413,222
72$4,934,995$3,413,327$3,049,452$4,720,661
73$5,368,851$3,511,067$3,082,096$5,055,794
74$5,844,771$3,611,407$3,113,643$5,421,362
75$6,366,977$3,714,405$3,143,989$5,820,380
76$6,940,117$3,820,119$3,173,022$6,256,171
77$7,569,315$3,928,611$3,200,624$6,732,394
78$8,260,212$4,039,940$3,226,672$7,253,082
79$9,019,024$4,154,167$3,251,035$7,822,674
80$9,852,597$4,271,354$3,273,578$8,446,063
81$10,768,474$4,391,562$3,294,154$9,128,639
82$11,774,964$4,514,854$3,312,614$9,876,338
83$12,881,221$4,641,293$3,328,798$10,695,701
84$14,097,331$4,770,942$3,342,538$11,593,936
85$15,434,404$4,903,863$3,353,658$12,578,983
86$16,904,682$5,040,121$3,361,974$13,659,588
87$18,521,651$5,179,778$3,367,291$14,845,392
88$20,300,170$5,322,898$3,369,407$16,147,015
89$22,256,612$5,469,545$3,368,106$17,576,157
90$24,409,014$5,619,780$3,363,166$19,145,713
91$26,777,252$5,773,668$3,354,350$20,869,889
92$29,383,223$5,931,269$3,341,412$22,764,341
93$32,251,056$6,092,645$3,324,093$24,846,317
94$35,407,336$6,257,857$3,302,123$27,134,825
95$38,881,357$6,426,965$3,275,217$29,650,809
96$42,705,396$6,600,027$3,243,077$32,417,349
97$46,915,018$6,777,101$3,205,393$35,459,877
98$51,549,413$6,958,241$3,161,836$38,806,416
99$56,651,761$7,143,503$3,112,066$42,487,850
100$62,269,645$7,332,939$3,055,724$46,538,206