Can I retire at age 66 with 2,750,000?

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 $2,750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$227,092$225,070$223,096$221,170$219,289$213,468
2 years$112,422$110,328$108,299$106,332$104,423$98,600
3 years$74,204$72,101$70,077$68,128$66,250$60,606
4 years$55,098$53,002$50,998$49,082$47,250$41,829
5 years$43,638$41,554$39,576$37,700$35,919$30,735
6 years$36,000$33,932$31,984$30,149$28,421$23,480
7 years$30,547$28,496$26,579$24,787$23,114$18,416
8 years$26,458$24,426$22,541$20,793$19,175$14,718
9 years$23,280$21,268$19,414$17,711$16,149$11,927
10 years$20,740$18,746$16,926$15,267$13,759$9,770
11 years$18,662$16,689$14,901$13,287$11,834$8,069
12 years$16,932$14,979$13,224$11,655$10,255$6,708
13 years$15,469$13,537$11,815$10,289$8,942$5,607
14 years$14,216$12,304$10,616$9,134$7,839$4,707
15 years$13,132$11,240$9,585$8,146$6,902$3,965
16 years$12,184$10,313$8,690$7,293$6,100$3,350
17 years$11,348$9,498$7,908$6,553$5,409$2,837
18 years$10,606$8,776$7,219$5,906$4,809$2,408
19 years$9,943$8,134$6,608$5,336$4,286$2,047
20 years$9,346$7,558$6,065$4,833$3,829$1,743
21 years$8,808$7,040$5,578$4,386$3,426$1,486
22 years$8,319$6,572$5,141$3,988$3,071$1,268
23 years$7,873$6,146$4,747$3,632$2,757$1,083
24 years$7,465$5,759$4,390$3,313$2,478$925
25 years$7,090$5,404$4,066$3,025$2,230$791
26 years$6,744$5,079$3,771$2,766$2,008$677
27 years$6,425$4,780$3,502$2,532$1,811$580
28 years$6,129$4,504$3,256$2,320$1,634$496
29 years$5,854$4,249$3,030$2,127$1,475$425
30 years$5,598$4,013$2,822$1,952$1,333$364
31 years$5,359$3,794$2,631$1,793$1,205$312
32 years$5,135$3,590$2,455$1,648$1,090$268
33 years$4,925$3,399$2,292$1,515$987$230
34 years$4,728$3,222$2,141$1,394$893$197
35 years$4,542$3,056$2,002$1,284$809$169
36 years$4,368$2,900$1,873$1,182$733$145
37 years$4,203$2,755$1,753$1,089$664$124
38 years$4,047$2,618$1,642$1,004$602$107
39 years$3,899$2,489$1,538$926$546$91
40 years$3,760$2,369$1,442$854$495$78
41 years$3,627$2,255$1,352$788$449$67
42 years$3,501$2,147$1,268$727$408$58
43 years$3,381$2,046$1,190$671$370$50
44 years$3,267$1,950$1,117$620$336$43
45 years$3,159$1,860$1,049$572$305$37
46 years$3,055$1,774$985$529$277$31
47 years$2,956$1,693$925$488$251$27
48 years$2,862$1,616$870$451$228$23
49 years$2,771$1,543$817$417$207$20
50 years$2,685$1,474$768$385$188$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,750,000, adding $3,251 every year, while hoping to spend $38,959 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: 37/35/28 Blend
65$2,750,000$2,750,000$2,750,000$2,750,000
66$3,033,853$2,888,103$2,845,478$3,120,600
67$3,301,854$2,988,168$2,899,350$3,285,082
68$3,595,886$3,091,831$2,953,720$3,458,848
69$3,918,561$3,199,226$3,008,565$3,645,803
70$4,272,761$3,310,494$3,063,858$3,847,166
71$4,661,655$3,425,781$3,119,570$4,064,276
72$5,088,739$3,545,239$3,175,671$4,298,603
73$5,557,860$3,669,026$3,232,126$4,551,766
74$6,073,259$3,797,305$3,288,899$4,825,543
75$6,639,606$3,930,248$3,345,952$5,121,890
76$7,262,048$4,068,032$3,403,243$5,442,957
77$7,946,252$4,210,840$3,460,727$5,791,113
78$8,698,464$4,358,866$3,518,356$6,168,959
79$9,525,566$4,512,309$3,576,079$6,579,359
80$10,435,137$4,671,376$3,633,841$7,025,466
81$11,435,530$4,836,283$3,691,584$7,510,748
82$12,535,948$5,007,254$3,749,246$8,039,020
83$13,746,530$5,184,524$3,806,761$8,614,484
84$15,078,445$5,368,336$3,864,057$9,241,764
85$16,544,005$5,558,942$3,921,061$9,925,950
86$18,156,769$5,756,606$3,977,692$10,672,646
87$19,931,681$5,961,602$4,033,866$11,488,020
88$21,885,207$6,174,214$4,089,495$12,378,865
89$24,035,487$6,394,740$4,144,482$13,352,659
90$26,402,513$6,623,489$4,198,729$14,417,639
91$29,008,311$6,860,781$4,252,128$15,582,873
92$31,877,151$7,106,952$4,304,567$16,858,347
93$35,035,778$7,362,350$4,355,927$18,255,060
94$38,513,661$7,627,339$4,406,084$19,785,125
95$42,343,271$7,902,295$4,454,904$21,461,882
96$46,560,389$8,187,612$4,502,248$23,300,024
97$51,204,444$8,483,700$4,547,969$25,315,736
98$56,318,881$8,790,985$4,591,910$27,526,846
99$61,951,576$9,109,913$4,633,908$29,952,988
100$68,155,283$9,440,945$4,673,790$32,615,793