Can I retire at age 66 with 2,770,000?

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 $2,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$228,744$226,706$224,719$222,778$220,884$215,719
2 years$113,240$111,131$109,087$107,105$105,183$100,009
3 years$74,743$72,625$70,586$68,623$66,732$61,711
4 years$55,499$53,387$51,369$49,439$47,594$42,764
5 years$43,955$41,856$39,864$37,974$36,180$31,554
6 years$36,262$34,179$32,216$30,368$28,628$24,212
7 years$30,769$28,703$26,772$24,967$23,282$19,076
8 years$26,651$24,604$22,705$20,944$19,315$15,317
9 years$23,450$21,422$19,556$17,840$16,266$12,473
10 years$20,890$18,883$17,049$15,378$13,859$10,267
11 years$18,798$16,810$15,010$13,384$11,920$8,523
12 years$17,055$15,088$13,321$11,739$10,329$7,123
13 years$15,582$13,635$11,901$10,364$9,007$5,986
14 years$14,320$12,394$10,693$9,200$7,896$5,053
15 years$13,227$11,322$9,655$8,205$6,952$4,280
16 years$12,272$10,388$8,753$7,347$6,144$3,637
17 years$11,430$9,567$7,965$6,601$5,448$3,098
18 years$10,683$8,840$7,271$5,949$4,844$2,645
19 years$10,015$8,193$6,656$5,375$4,318$2,262
20 years$9,414$7,613$6,109$4,868$3,857$1,938
21 years$8,872$7,091$5,619$4,418$3,451$1,662
22 years$8,379$6,620$5,179$4,017$3,093$1,427
23 years$7,930$6,191$4,782$3,659$2,777$1,226
24 years$7,519$5,801$4,422$3,337$2,496$1,055
25 years$7,141$5,444$4,096$3,047$2,246$908
26 years$6,794$5,116$3,799$2,786$2,023$782
27 years$6,472$4,815$3,527$2,550$1,824$674
28 years$6,174$4,537$3,279$2,337$1,646$581
29 years$5,897$4,280$3,052$2,143$1,486$501
30 years$5,639$4,042$2,842$1,967$1,343$432
31 years$5,398$3,821$2,650$1,806$1,214$373
32 years$5,172$3,616$2,472$1,660$1,098$322
33 years$4,961$3,424$2,309$1,526$994$278
34 years$4,762$3,245$2,157$1,404$900$240
35 years$4,575$3,078$2,017$1,293$815$207
36 years$4,399$2,922$1,886$1,191$738$179
37 years$4,233$2,775$1,766$1,097$669$154
38 years$4,076$2,637$1,654$1,011$607$133
39 years$3,928$2,508$1,549$932$550$115
40 years$3,787$2,386$1,452$860$499$99
41 years$3,653$2,271$1,362$793$453$86
42 years$3,527$2,163$1,277$732$411$74
43 years$3,406$2,061$1,198$676$373$64
44 years$3,291$1,964$1,125$624$338$55
45 years$3,182$1,873$1,056$576$307$48
46 years$3,077$1,787$992$532$279$41
47 years$2,978$1,705$932$492$253$36
48 years$2,883$1,628$876$455$230$31
49 years$2,792$1,555$823$420$209$27
50 years$2,704$1,485$774$388$190$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,770,000, adding $3,978 every year, while hoping to spend $43,780 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: 61/34/5 Blend
65$2,770,000$2,770,000$2,770,000$2,770,000
66$3,056,643$2,909,833$2,866,898$3,240,374
67$3,321,839$3,005,834$2,916,358$3,459,523
68$3,612,618$3,105,071$2,966,007$3,693,068
69$3,931,543$3,207,657$3,015,806$3,946,739
70$4,281,436$3,313,708$3,065,712$4,222,473
71$4,665,409$3,423,346$3,115,679$4,522,402
72$5,086,885$3,536,694$3,165,659$4,848,871
73$5,549,639$3,653,884$3,215,600$5,204,458
74$6,057,826$3,775,048$3,265,446$5,592,005
75$6,616,025$3,900,326$3,315,140$6,014,634
76$7,229,280$4,029,863$3,364,617$6,475,785
77$7,903,147$4,163,806$3,413,812$6,979,242
78$8,643,748$4,302,313$3,462,655$7,529,174
79$9,457,826$4,445,542$3,511,070$8,130,166
80$10,352,811$4,593,660$3,558,977$8,787,268
81$11,336,889$4,746,841$3,606,294$9,506,040
82$12,419,078$4,905,262$3,652,931$10,292,603
83$13,609,313$5,069,109$3,698,793$11,153,699
84$14,918,542$5,238,574$3,743,782$12,096,750
85$16,358,827$5,413,858$3,787,792$13,129,929
86$17,943,456$5,595,166$3,830,712$14,262,238
87$19,687,072$5,782,713$3,872,425$15,503,591
88$21,605,809$5,976,721$3,912,806$16,864,906
89$23,717,443$6,177,422$3,951,727$18,358,208
90$26,041,560$6,385,053$3,989,047$19,996,742
91$28,599,743$6,599,865$4,024,624$21,795,098
92$31,415,771$6,822,113$4,058,304$23,769,345
93$34,515,849$7,052,065$4,089,926$25,937,185
94$37,928,848$7,289,999$4,119,321$28,318,116
95$41,686,582$7,536,201$4,146,310$30,933,619
96$45,824,110$7,790,970$4,170,708$33,807,356
97$50,380,057$8,054,617$4,192,315$36,965,394
98$55,396,992$8,327,461$4,210,926$40,436,452
99$60,921,815$8,609,837$4,226,322$44,252,166
100$67,006,212$8,902,091$4,238,276$48,447,391