Can I retire at age 66 with 3,400,000?

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 $3,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$280,769$278,268$275,828$273,446$271,121$267,179
2 years$138,994$136,406$133,897$131,465$129,105$125,143
3 years$91,743$89,143$86,640$84,231$81,910$78,049
4 years$68,121$65,529$63,052$60,683$58,419$54,690
5 years$53,952$51,376$48,931$46,611$44,409$40,823
6 years$44,509$41,952$39,543$37,275$35,139$31,700
7 years$37,767$35,231$32,861$30,646$28,578$25,286
8 years$32,712$30,200$27,869$25,708$23,708$20,564
9 years$28,783$26,294$24,003$21,897$19,965$16,967
10 years$25,642$23,177$20,926$18,876$17,012$14,157
11 years$23,073$20,633$18,423$16,428$14,631$11,917
12 years$20,934$18,519$16,350$14,409$12,679$10,102
13 years$19,126$16,736$14,608$12,721$11,056$8,614
14 years$17,577$15,213$13,125$11,292$9,692$7,380
15 years$16,236$13,897$11,850$10,071$8,533$6,347
16 years$15,063$12,750$10,744$9,017$7,542$5,478
17 years$14,030$11,742$9,777$8,102$6,687$4,741
18 years$13,112$10,851$8,925$7,302$5,946$4,112
19 years$12,293$10,056$8,170$6,598$5,300$3,575
20 years$11,556$9,345$7,498$5,975$4,734$3,113
21 years$10,890$8,704$6,897$5,423$4,236$2,715
22 years$10,285$8,125$6,357$4,931$3,797$2,371
23 years$9,734$7,599$5,869$4,491$3,408$2,073
24 years$9,229$7,120$5,428$4,096$3,064$1,814
25 years$8,766$6,682$5,027$3,740$2,757$1,588
26 years$8,339$6,280$4,663$3,420$2,483$1,392
27 years$7,944$5,910$4,330$3,130$2,239$1,221
28 years$7,578$5,569$4,025$2,868$2,020$1,071
29 years$7,238$5,254$3,746$2,630$1,824$941
30 years$6,921$4,962$3,489$2,414$1,648$826
31 years$6,625$4,690$3,253$2,217$1,490$726
32 years$6,348$4,438$3,035$2,037$1,348$638
33 years$6,089$4,203$2,834$1,874$1,220$561
34 years$5,845$3,983$2,648$1,724$1,104$493
35 years$5,616$3,778$2,475$1,587$1,000$434
36 years$5,400$3,586$2,316$1,461$906$382
37 years$5,196$3,406$2,167$1,347$821$336
38 years$5,003$3,237$2,030$1,241$745$296
39 years$4,821$3,078$1,901$1,144$675$260
40 years$4,648$2,928$1,782$1,056$613$229
41 years$4,484$2,788$1,671$974$556$202
42 years$4,329$2,655$1,568$899$504$178
43 years$4,181$2,529$1,471$830$458$156
44 years$4,040$2,411$1,381$766$415$138
45 years$3,905$2,299$1,297$707$377$121
46 years$3,777$2,193$1,218$654$342$107
47 years$3,655$2,093$1,144$604$311$94
48 years$3,538$1,998$1,075$558$282$83
49 years$3,426$1,908$1,011$516$256$73
50 years$3,320$1,823$950$477$233$64

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $3,400,000, adding $5,060 every year, while hoping to spend $30,547 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: 51/39/10 Blend
65$3,400,000$3,400,000$3,400,000$3,400,000
66$3,752,019$3,571,819$3,519,119$3,933,289
67$4,102,224$3,714,337$3,604,508$4,200,051
68$4,487,125$3,862,814$3,691,734$4,486,207
69$4,910,230$4,017,510$3,780,825$4,796,575
70$5,375,402$4,178,697$3,871,812$5,133,439
71$5,886,899$4,346,659$3,964,723$5,499,311
72$6,449,409$4,521,691$4,059,587$5,896,951
73$7,068,100$4,704,105$4,156,434$6,329,393
74$7,748,663$4,894,224$4,255,293$6,799,972
75$8,497,373$5,092,386$4,356,191$7,312,354
76$9,321,138$5,298,947$4,459,156$7,870,572
77$10,227,574$5,514,275$4,564,218$8,479,059
78$11,225,071$5,738,759$4,671,403$9,142,692
79$12,322,872$5,972,802$4,780,739$9,866,835
80$13,531,163$6,216,827$4,892,253$10,657,388
81$14,861,168$6,471,278$5,005,969$11,520,842
82$16,325,253$6,736,617$5,121,915$12,464,341
83$17,937,044$7,013,326$5,240,115$13,495,742
84$19,711,557$7,301,913$5,360,593$14,623,694
85$21,665,335$7,602,906$5,483,372$15,857,714
86$23,816,609$7,916,859$5,608,475$17,208,277
87$26,185,468$8,244,350$5,735,923$18,686,912
88$28,794,047$8,585,984$5,865,738$20,306,309
89$31,666,737$8,942,394$5,997,937$22,080,438
90$34,830,415$9,314,243$6,132,540$24,024,678
91$38,314,700$9,702,223$6,269,562$26,155,959
92$42,152,227$10,107,059$6,409,019$28,492,922
93$46,378,958$10,529,509$6,550,926$31,056,089
94$51,034,523$10,970,366$6,695,293$33,868,060
95$56,162,590$11,430,460$6,842,131$36,953,717
96$61,811,280$11,910,658$6,991,448$40,340,461
97$68,033,619$12,411,870$7,143,251$44,058,468
98$74,888,042$12,935,044$7,297,543$48,140,966
99$82,438,938$13,481,177$7,454,326$52,624,551
100$90,757,263$14,051,308$7,613,599$57,549,530