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%11.8%
1 years$227,918$225,888$223,907$221,974$220,086$218,425
2 years$112,831$110,729$108,693$106,718$104,803$103,128
3 years$74,473$72,363$70,331$68,375$66,491$64,854
4 years$55,298$53,194$51,183$49,261$47,422$45,836
5 years$43,796$41,705$39,720$37,837$36,050$34,519
6 years$36,131$34,055$32,100$30,258$28,525$27,052
7 years$30,658$28,600$26,675$24,877$23,198$21,783
8 years$26,555$24,515$22,623$20,869$19,245$17,889
9 years$23,365$21,345$19,485$17,776$16,207$14,908
10 years$20,815$18,814$16,987$15,323$13,809$12,568
11 years$18,730$16,749$14,955$13,335$11,877$10,691
12 years$16,993$15,033$13,273$11,697$10,292$9,162
13 years$15,525$13,586$11,858$10,327$8,975$7,898
14 years$14,268$12,349$10,655$9,167$7,867$6,843
15 years$13,179$11,281$9,620$8,175$6,927$5,954
16 years$12,228$10,350$8,722$7,320$6,122$5,199
17 years$11,389$9,532$7,936$6,577$5,428$4,553
18 years$10,644$8,808$7,245$5,927$4,827$3,998
19 years$9,979$8,163$6,632$5,356$4,302$3,519
20 years$9,380$7,586$6,087$4,851$3,843$3,102
21 years$8,840$7,066$5,599$4,402$3,439$2,740
22 years$8,349$6,596$5,160$4,003$3,082$2,424
23 years$7,901$6,169$4,764$3,645$2,767$2,147
24 years$7,492$5,780$4,406$3,325$2,487$1,903
25 years$7,116$5,424$4,081$3,036$2,238$1,689
26 years$6,769$5,098$3,785$2,776$2,016$1,501
27 years$6,449$4,798$3,515$2,541$1,817$1,334
28 years$6,151$4,521$3,267$2,328$1,640$1,187
29 years$5,875$4,265$3,041$2,135$1,481$1,056
30 years$5,618$4,028$2,832$1,959$1,338$941
31 years$5,378$3,807$2,640$1,800$1,210$838
32 years$5,153$3,603$2,464$1,654$1,094$747
33 years$4,943$3,412$2,300$1,521$990$666
34 years$4,745$3,234$2,149$1,399$897$594
35 years$4,559$3,067$2,009$1,288$812$530
36 years$4,384$2,911$1,880$1,186$736$473
37 years$4,218$2,765$1,759$1,093$667$423
38 years$4,062$2,628$1,648$1,008$605$377
39 years$3,914$2,499$1,544$929$548$337
40 years$3,773$2,377$1,447$857$497$301
41 years$3,640$2,263$1,357$791$451$269
42 years$3,514$2,155$1,273$730$409$240
43 years$3,394$2,053$1,194$673$372$215
44 years$3,279$1,957$1,121$622$337$192
45 years$3,170$1,866$1,052$574$306$171
46 years$3,066$1,780$989$530$278$153
47 years$2,967$1,699$929$490$252$137
48 years$2,872$1,622$873$453$229$122
49 years$2,782$1,549$820$419$208$109
50 years$2,695$1,480$771$387$189$98

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 $5,907 every year, while hoping to spend $23,924 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: 44/35/21 Blend
65$2,760,000$2,760,000$2,760,000$2,760,000
66$3,047,613$2,901,333$2,858,553$3,162,936
67$3,333,015$3,018,043$2,928,860$3,361,610
68$3,646,725$3,139,671$3,000,720$3,574,029
69$3,991,607$3,266,431$3,074,160$3,803,792
70$4,370,814$3,398,549$3,149,207$4,052,515
71$4,787,820$3,536,261$3,225,889$4,321,978
72$5,246,453$3,679,813$3,304,231$4,614,130
73$5,750,931$3,829,462$3,384,262$4,931,119
74$6,305,899$3,985,479$3,466,008$5,275,302
75$6,916,477$4,148,145$3,549,496$5,649,271
76$7,588,307$4,317,753$3,634,753$6,055,874
77$8,327,603$4,494,612$3,721,807$6,498,245
78$9,141,215$4,679,044$3,810,683$6,979,827
79$10,036,687$4,871,385$3,901,409$7,504,411
80$11,022,333$5,071,987$3,994,011$8,076,160
81$12,107,316$5,281,219$4,088,514$8,699,660
82$13,301,729$5,499,466$4,184,947$9,379,951
83$14,616,695$5,727,130$4,283,332$10,122,580
84$16,064,471$5,964,632$4,383,697$10,933,650
85$17,658,562$6,212,414$4,486,065$11,819,877
86$19,413,848$6,470,935$4,590,462$12,788,651
87$21,346,729$6,740,679$4,696,910$13,848,105
88$23,475,272$7,022,149$4,805,433$15,007,191
89$25,819,388$7,315,873$4,916,054$16,275,762
90$28,401,019$7,622,403$5,028,794$17,664,663
91$31,244,339$7,942,317$5,143,675$19,185,835
92$34,375,989$8,276,219$5,260,717$20,852,420
93$37,825,328$8,624,741$5,379,938$22,678,891
94$41,624,702$8,988,544$5,501,357$24,681,178
95$45,809,761$9,368,322$5,624,991$26,876,826
96$50,419,784$9,764,798$5,750,856$29,285,149
97$55,498,059$10,178,730$5,878,967$31,927,419
98$61,092,285$10,610,911$6,009,336$34,827,058
99$67,255,025$11,062,173$6,141,976$38,009,860
100$74,044,201$11,533,383$6,276,896$41,504,232