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%11%
1 years$230,396$228,343$226,341$224,387$222,479$221,541
2 years$114,057$111,933$109,874$107,878$105,942$104,996
3 years$75,283$73,149$71,096$69,119$67,214$66,288
4 years$55,899$53,773$51,740$49,796$47,938$47,039
5 years$44,272$42,158$40,152$38,248$36,441$35,573
6 years$36,524$34,425$32,449$30,587$28,835$27,998
7 years$30,991$28,910$26,965$25,148$23,450$22,645
8 years$26,843$24,782$22,869$21,096$19,454$18,681
9 years$23,619$21,577$19,697$17,969$16,383$15,641
10 years$21,041$19,019$17,172$15,489$13,960$13,248
11 years$18,933$16,931$15,118$13,480$12,006$11,325
12 years$17,178$15,197$13,417$11,824$10,404$9,754
13 years$15,694$13,733$11,987$10,439$9,072$8,452
14 years$14,423$12,483$10,770$9,266$7,953$7,361
15 years$13,323$11,404$9,724$8,264$7,002$6,439
16 years$12,361$10,463$8,816$7,400$6,189$5,653
17 years$11,513$9,636$8,023$6,648$5,487$4,978
18 years$10,760$8,904$7,324$5,992$4,879$4,396
19 years$10,087$8,252$6,704$5,414$4,349$3,891
20 years$9,482$7,668$6,153$4,903$3,884$3,451
21 years$8,936$7,143$5,660$4,450$3,476$3,066
22 years$8,440$6,667$5,216$4,046$3,116$2,728
23 years$7,987$6,236$4,816$3,685$2,797$2,431
24 years$7,573$5,843$4,454$3,361$2,514$2,168
25 years$7,193$5,483$4,125$3,069$2,262$1,936
26 years$6,843$5,153$3,826$2,806$2,038$1,731
27 years$6,519$4,850$3,553$2,569$1,837$1,548
28 years$6,218$4,570$3,303$2,354$1,658$1,386
29 years$5,939$4,311$3,074$2,158$1,497$1,242
30 years$5,679$4,071$2,863$1,981$1,353$1,113
31 years$5,436$3,849$2,669$1,819$1,223$998
32 years$5,209$3,642$2,490$1,672$1,106$896
33 years$4,996$3,449$2,325$1,537$1,001$804
34 years$4,797$3,269$2,173$1,415$906$722
35 years$4,608$3,100$2,031$1,302$821$649
36 years$4,431$2,943$1,900$1,199$744$583
37 years$4,264$2,795$1,778$1,105$674$524
38 years$4,106$2,656$1,665$1,018$611$471
39 years$3,956$2,526$1,560$939$554$423
40 years$3,814$2,403$1,463$866$503$381
41 years$3,680$2,287$1,371$799$456$343
42 years$3,552$2,178$1,286$738$414$308
43 years$3,431$2,076$1,207$681$376$277
44 years$3,315$1,978$1,133$629$341$249
45 years$3,205$1,887$1,064$581$309$225
46 years$3,100$1,800$999$536$281$202
47 years$2,999$1,718$939$495$255$182
48 years$2,903$1,640$882$458$232$164
49 years$2,812$1,566$829$423$210$147
50 years$2,724$1,496$780$391$191$133

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 $6,360 every year, while hoping to spend $39,040 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: 80/5/15 Blend
65$2,790,000$2,790,000$2,790,000$2,790,000
66$3,081,140$2,933,270$2,890,025$3,317,625
67$3,353,878$3,035,462$2,945,303$3,576,285
68$3,653,127$3,141,353$3,001,124$3,854,427
69$3,981,550$3,251,083$3,057,465$4,158,574
70$4,342,079$3,364,798$3,114,302$4,491,316
71$4,737,947$3,482,648$3,171,606$4,855,506
72$5,172,712$3,604,792$3,229,349$5,254,284
73$5,650,294$3,731,393$3,287,498$5,691,112
74$6,175,014$3,862,621$3,346,020$6,169,801
75$6,751,630$3,998,654$3,404,876$6,694,550
76$7,385,384$4,139,676$3,464,027$7,269,983
77$8,082,051$4,285,878$3,523,429$7,901,196
78$8,847,994$4,437,459$3,583,038$8,593,801
79$9,690,222$4,594,628$3,642,802$9,353,982
80$10,616,460$4,757,599$3,702,671$10,188,551
81$11,635,215$4,926,598$3,762,587$11,105,012
82$12,755,863$5,101,858$3,822,490$12,111,635
83$13,988,734$5,283,622$3,882,317$13,217,528
84$15,345,209$5,472,143$3,941,998$14,432,727
85$16,837,828$5,667,685$4,001,462$15,768,292
86$18,480,406$5,870,522$4,060,631$17,236,405
87$20,288,170$6,080,940$4,119,424$18,850,489
88$22,277,892$6,299,234$4,177,754$20,625,337
89$24,468,055$6,525,716$4,235,527$22,577,244
90$26,879,027$6,760,706$4,292,648$24,724,168
91$29,533,248$7,004,541$4,349,012$27,085,894
92$32,455,445$7,257,569$4,404,509$29,684,223
93$35,672,865$7,520,154$4,459,025$32,543,178
94$39,215,532$7,792,676$4,512,436$35,689,227
95$43,116,527$8,075,528$4,564,614$39,151,538
96$47,412,305$8,369,122$4,615,421$42,962,250
97$52,143,037$8,673,885$4,664,714$47,156,776
98$57,352,986$8,990,265$4,712,341$51,774,139
99$63,090,927$9,318,724$4,758,141$56,857,341
100$69,410,608$9,659,748$4,801,946$62,453,764