Can I retire at age 66 with 2,760,000?

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 $2,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$227,918$225,888$223,907$221,974$220,086$218,883
2 years$112,831$110,729$108,693$106,718$104,803$103,589
3 years$74,473$72,363$70,331$68,375$66,491$65,304
4 years$55,298$53,194$51,183$49,261$47,422$46,270
5 years$43,796$41,705$39,720$37,837$36,050$34,937
6 years$36,131$34,055$32,100$30,258$28,525$27,453
7 years$30,658$28,600$26,675$24,877$23,198$22,168
8 years$26,555$24,515$22,623$20,869$19,245$18,256
9 years$23,365$21,345$19,485$17,776$16,207$15,259
10 years$20,815$18,814$16,987$15,323$13,809$12,902
11 years$18,730$16,749$14,955$13,335$11,877$11,009
12 years$16,993$15,033$13,273$11,697$10,292$9,463
13 years$15,525$13,586$11,858$10,327$8,975$8,185
14 years$14,268$12,349$10,655$9,167$7,867$7,115
15 years$13,179$11,281$9,620$8,175$6,927$6,211
16 years$12,228$10,350$8,722$7,320$6,122$5,442
17 years$11,389$9,532$7,936$6,577$5,428$4,782
18 years$10,644$8,808$7,245$5,927$4,827$4,214
19 years$9,979$8,163$6,632$5,356$4,302$3,722
20 years$9,380$7,586$6,087$4,851$3,843$3,294
21 years$8,840$7,066$5,599$4,402$3,439$2,920
22 years$8,349$6,596$5,160$4,003$3,082$2,592
23 years$7,901$6,169$4,764$3,645$2,767$2,305
24 years$7,492$5,780$4,406$3,325$2,487$2,051
25 years$7,116$5,424$4,081$3,036$2,238$1,828
26 years$6,769$5,098$3,785$2,776$2,016$1,630
27 years$6,449$4,798$3,515$2,541$1,817$1,455
28 years$6,151$4,521$3,267$2,328$1,640$1,299
29 years$5,875$4,265$3,041$2,135$1,481$1,161
30 years$5,618$4,028$2,832$1,959$1,338$1,038
31 years$5,378$3,807$2,640$1,800$1,210$929
32 years$5,153$3,603$2,464$1,654$1,094$831
33 years$4,943$3,412$2,300$1,521$990$744
34 years$4,745$3,234$2,149$1,399$897$667
35 years$4,559$3,067$2,009$1,288$812$597
36 years$4,384$2,911$1,880$1,186$736$536
37 years$4,218$2,765$1,759$1,093$667$480
38 years$4,062$2,628$1,648$1,008$605$430
39 years$3,914$2,499$1,544$929$548$386
40 years$3,773$2,377$1,447$857$497$346
41 years$3,640$2,263$1,357$791$451$311
42 years$3,514$2,155$1,273$730$409$279
43 years$3,394$2,053$1,194$673$372$250
44 years$3,279$1,957$1,121$622$337$225
45 years$3,170$1,866$1,052$574$306$202
46 years$3,066$1,780$989$530$278$181
47 years$2,967$1,699$929$490$252$163
48 years$2,872$1,622$873$453$229$146
49 years$2,782$1,549$820$419$208$131
50 years$2,695$1,480$771$387$189$118

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,760,000, adding $4,543 every year, while hoping to spend $25,111 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: 35/46/19 Blend
65$2,760,000$2,760,000$2,760,000$2,760,000
66$3,046,206$2,899,926$2,857,146$3,134,993
67$3,330,201$3,015,305$2,926,143$3,315,782
68$3,642,322$3,135,495$2,996,609$3,508,055
69$3,985,411$3,260,707$3,068,568$3,714,990
70$4,362,600$3,391,158$3,142,041$3,937,906
71$4,777,339$3,527,078$3,217,053$4,178,246
72$5,233,428$3,668,705$3,293,625$4,437,598
73$5,735,055$3,816,289$3,371,779$4,717,702
74$6,286,834$3,970,092$3,451,537$5,020,466
75$6,893,850$4,130,384$3,532,922$5,347,988
76$7,561,702$4,297,453$3,615,955$5,702,570
77$8,296,563$4,471,595$3,700,656$6,086,741
78$9,105,231$4,653,122$3,787,047$6,503,277
79$9,995,201$4,842,361$3,875,149$6,955,230
80$10,974,726$5,039,651$3,964,981$7,445,952
81$12,052,903$5,245,349$4,056,563$7,979,127
82$13,239,754$5,459,827$4,149,913$8,558,804
83$14,546,325$5,683,474$4,245,051$9,189,436
84$15,984,783$5,916,697$4,341,994$9,875,914
85$17,568,539$6,159,923$4,440,758$10,623,621
86$19,312,366$6,413,596$4,541,360$11,438,472
87$21,232,547$6,678,181$4,643,815$12,326,975
88$23,347,021$6,954,167$4,748,137$13,296,288
89$25,675,557$7,242,061$4,854,340$14,354,284
90$28,239,939$7,542,397$4,962,435$15,509,624
91$31,064,171$7,855,732$5,072,434$16,771,838
92$34,174,702$8,182,649$5,184,347$18,151,410
93$37,600,680$8,523,757$5,298,181$19,659,879
94$41,374,223$8,879,695$5,413,943$21,309,943
95$45,530,723$9,251,129$5,531,640$23,115,573
96$50,109,180$9,638,758$5,651,273$25,092,152
97$55,152,571$10,043,312$5,772,845$27,256,608
98$60,708,254$10,465,554$5,896,356$29,627,575
99$66,828,415$10,906,286$6,021,804$32,225,567
100$73,570,562$11,366,343$6,149,183$35,073,169