Can I retire at age 66 with 2,790,000?

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 $2,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$230,396$228,343$226,341$224,387$222,479$217,100
2 years$114,057$111,933$109,874$107,878$105,942$100,556
3 years$75,283$73,149$71,096$69,119$67,214$61,988
4 years$55,899$53,773$51,740$49,796$47,938$42,912
5 years$44,272$42,158$40,152$38,248$36,441$31,631
6 years$36,524$34,425$32,449$30,587$28,835$24,244
7 years$30,991$28,910$26,965$25,148$23,450$19,080
8 years$26,843$24,782$22,869$21,096$19,454$15,302
9 years$23,619$21,577$19,697$17,969$16,383$12,446
10 years$21,041$19,019$17,172$15,489$13,960$10,232
11 years$18,933$16,931$15,118$13,480$12,006$8,484
12 years$17,178$15,197$13,417$11,824$10,404$7,081
13 years$15,694$13,733$11,987$10,439$9,072$5,942
14 years$14,423$12,483$10,770$9,266$7,953$5,009
15 years$13,323$11,404$9,724$8,264$7,002$4,237
16 years$12,361$10,463$8,816$7,400$6,189$3,595
17 years$11,513$9,636$8,023$6,648$5,487$3,059
18 years$10,760$8,904$7,324$5,992$4,879$2,607
19 years$10,087$8,252$6,704$5,414$4,349$2,226
20 years$9,482$7,668$6,153$4,903$3,884$1,904
21 years$8,936$7,143$5,660$4,450$3,476$1,631
22 years$8,440$6,667$5,216$4,046$3,116$1,398
23 years$7,987$6,236$4,816$3,685$2,797$1,199
24 years$7,573$5,843$4,454$3,361$2,514$1,030
25 years$7,193$5,483$4,125$3,069$2,262$885
26 years$6,843$5,153$3,826$2,806$2,038$761
27 years$6,519$4,850$3,553$2,569$1,837$655
28 years$6,218$4,570$3,303$2,354$1,658$563
29 years$5,939$4,311$3,074$2,158$1,497$485
30 years$5,679$4,071$2,863$1,981$1,353$418
31 years$5,436$3,849$2,669$1,819$1,223$360
32 years$5,209$3,642$2,490$1,672$1,106$310
33 years$4,996$3,449$2,325$1,537$1,001$267
34 years$4,797$3,269$2,173$1,415$906$230
35 years$4,608$3,100$2,031$1,302$821$198
36 years$4,431$2,943$1,900$1,199$744$171
37 years$4,264$2,795$1,778$1,105$674$148
38 years$4,106$2,656$1,665$1,018$611$127
39 years$3,956$2,526$1,560$939$554$110
40 years$3,814$2,403$1,463$866$503$95
41 years$3,680$2,287$1,371$799$456$82
42 years$3,552$2,178$1,286$738$414$70
43 years$3,431$2,076$1,207$681$376$61
44 years$3,315$1,978$1,133$629$341$52
45 years$3,205$1,887$1,064$581$309$45
46 years$3,100$1,800$999$536$281$39
47 years$2,999$1,718$939$495$255$34
48 years$2,903$1,640$882$458$232$29
49 years$2,812$1,566$829$423$210$25
50 years$2,724$1,496$780$391$191$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,790,000, adding $2,330 every year, while hoping to spend $55,491 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: 79/11/10 Blend
65$2,790,000$2,790,000$2,790,000$2,790,000
66$3,076,983$2,929,113$2,885,868$3,314,790
67$3,331,794$3,013,598$2,923,503$3,555,750
68$3,610,735$3,100,362$2,960,539$3,812,596
69$3,916,210$3,189,460$2,996,896$4,092,746
70$4,250,864$3,280,944$3,032,493$4,398,501
71$4,617,612$3,374,871$3,067,242$4,732,396
72$5,019,662$3,471,293$3,101,048$5,097,222
73$5,460,551$3,570,269$3,133,816$5,496,052
74$5,944,169$3,671,855$3,165,441$5,932,271
75$6,474,806$3,776,107$3,195,815$6,409,608
76$7,057,184$3,883,085$3,224,823$6,932,169
77$7,696,506$3,992,845$3,252,344$7,504,480
78$8,398,503$4,105,448$3,278,251$8,131,521
79$9,169,488$4,220,952$3,302,409$8,818,784
80$10,016,414$4,339,417$3,324,679$9,572,313
81$10,946,944$4,460,904$3,344,911$10,398,772
82$11,969,517$4,585,473$3,362,950$11,305,498
83$13,093,431$4,713,184$3,378,632$12,300,577
84$14,328,929$4,844,099$3,391,784$13,392,915
85$15,687,297$4,978,277$3,402,226$14,592,326
86$17,180,968$5,115,779$3,409,768$15,909,623
87$18,823,641$5,256,667$3,414,210$17,356,717
88$20,630,408$5,401,000$3,415,342$18,946,733
89$22,617,899$5,548,838$3,412,945$20,694,132
90$24,804,434$5,700,240$3,406,788$22,614,849
91$27,210,200$5,855,266$3,396,629$24,726,438
92$29,857,439$6,013,972$3,382,215$27,048,245
93$32,770,659$6,176,418$3,363,279$29,601,584
94$35,976,861$6,342,657$3,339,544$32,409,940
95$39,505,799$6,512,746$3,310,717$35,499,194
96$43,390,257$6,686,736$3,276,492$38,897,861
97$47,666,357$6,864,681$3,236,549$42,637,362
98$52,373,904$7,046,629$3,190,552$46,752,321
99$57,556,757$7,232,628$3,138,150$51,280,890
100$63,263,243$7,422,724$3,078,975$56,265,110