Can I retire at age 66 with 2,780,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$229,570$227,525$225,530$223,583$221,681$219,457
2 years$113,648$111,532$109,481$107,492$105,562$103,323
3 years$75,013$72,887$70,841$68,871$66,973$64,787
4 years$55,699$53,580$51,554$49,618$47,766$45,650
5 years$44,114$42,007$40,008$38,111$36,311$34,271
6 years$36,393$34,302$32,333$30,478$28,732$26,771
7 years$30,880$28,807$26,869$25,057$23,366$21,486
8 years$26,747$24,693$22,787$21,020$19,385$17,584
9 years$23,534$21,500$19,626$17,904$16,325$14,603
10 years$20,966$18,951$17,110$15,434$13,909$12,266
11 years$18,866$16,871$15,064$13,432$11,963$10,396
12 years$17,117$15,142$13,369$11,782$10,367$8,875
13 years$15,638$13,684$11,944$10,401$9,040$7,622
14 years$14,372$12,439$10,732$9,233$7,924$6,578
15 years$13,275$11,363$9,689$8,234$6,977$5,700
16 years$12,316$10,425$8,785$7,373$6,166$4,957
17 years$11,472$9,601$7,994$6,625$5,468$4,323
18 years$10,721$8,872$7,297$5,970$4,862$3,780
19 years$10,051$8,222$6,680$5,395$4,333$3,312
20 years$9,448$7,641$6,131$4,886$3,870$2,908
21 years$8,904$7,117$5,639$4,434$3,464$2,557
22 years$8,409$6,643$5,197$4,032$3,105$2,251
23 years$7,959$6,213$4,799$3,672$2,787$1,985
24 years$7,546$5,822$4,438$3,349$2,505$1,752
25 years$7,167$5,463$4,111$3,058$2,254$1,548
26 years$6,818$5,135$3,812$2,796$2,030$1,368
27 years$6,495$4,832$3,540$2,560$1,831$1,211
28 years$6,196$4,553$3,291$2,345$1,652$1,072
29 years$5,918$4,296$3,063$2,151$1,491$949
30 years$5,659$4,057$2,853$1,974$1,348$841
31 years$5,417$3,835$2,659$1,813$1,218$746
32 years$5,191$3,629$2,481$1,666$1,102$662
33 years$4,979$3,436$2,317$1,532$997$587
34 years$4,779$3,257$2,165$1,409$903$521
35 years$4,592$3,089$2,024$1,298$818$463
36 years$4,415$2,932$1,893$1,195$741$411
37 years$4,249$2,785$1,772$1,101$672$365
38 years$4,091$2,647$1,659$1,015$609$324
39 years$3,942$2,517$1,555$936$552$288
40 years$3,801$2,394$1,457$863$501$256
41 years$3,667$2,279$1,366$796$454$227
42 years$3,539$2,171$1,282$735$412$202
43 years$3,418$2,068$1,203$678$374$180
44 years$3,303$1,971$1,129$626$340$160
45 years$3,193$1,880$1,060$578$308$142
46 years$3,088$1,793$996$534$280$126
47 years$2,989$1,711$935$494$254$112
48 years$2,893$1,634$879$456$231$100
49 years$2,802$1,560$826$422$210$89
50 years$2,714$1,490$777$390$190$79

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,780,000, adding $6,810 every year, while hoping to spend $39,894 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: 46/48/6 Blend
65$2,780,000$2,780,000$2,780,000$2,780,000
66$3,070,585$2,923,245$2,880,155$3,206,542
67$3,341,337$3,024,037$2,934,193$3,401,478
68$3,638,370$3,128,430$2,988,704$3,608,091
69$3,964,320$3,236,560$3,043,663$3,831,276
70$4,322,095$3,348,566$3,099,040$4,072,573
71$4,714,895$3,464,592$3,154,804$4,333,677
72$5,146,248$3,584,790$3,210,923$4,616,450
73$5,620,037$3,709,317$3,267,361$4,922,938
74$6,140,542$3,838,335$3,324,078$5,255,389
75$6,712,477$3,972,013$3,381,035$5,616,276
76$7,341,036$4,110,528$3,438,186$6,008,318
77$8,031,940$4,254,062$3,495,484$6,434,505
78$8,791,493$4,402,807$3,552,878$6,898,125
79$9,626,640$4,556,959$3,610,314$7,402,794
80$10,545,032$4,716,725$3,667,734$7,952,492
81$11,555,100$4,882,318$3,725,077$8,551,595
82$12,666,129$5,053,961$3,782,277$9,204,921
83$13,888,355$5,231,886$3,839,264$9,917,768
84$15,233,052$5,416,333$3,895,964$10,695,970
85$16,712,642$5,607,552$3,952,297$11,545,944
86$18,340,814$5,805,805$4,008,182$12,474,755
87$20,132,649$6,011,361$4,063,528$13,490,181
88$22,104,765$6,224,504$4,118,242$14,600,780
89$24,275,473$6,445,526$4,172,224$15,815,978
90$26,664,947$6,674,732$4,225,370$17,146,147
91$29,295,419$6,912,442$4,277,567$18,602,712
92$32,191,384$7,158,984$4,328,698$20,198,248
93$35,379,835$7,414,704$4,378,639$21,946,605
94$38,890,512$7,679,959$4,427,258$23,863,031
95$42,756,190$7,955,122$4,474,417$25,964,319
96$47,012,981$8,240,583$4,519,969$28,268,961
97$51,700,678$8,536,744$4,563,761$30,797,325
98$56,863,129$8,844,027$4,605,629$33,571,840
99$62,548,654$9,162,869$4,645,403$36,617,209
100$68,810,494$9,493,728$4,682,902$39,960,642