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

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 $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%12.4%
1 years$280,769$278,268$275,828$273,446$271,121$268,401
2 years$138,994$136,406$133,897$131,465$129,105$126,366
3 years$91,743$89,143$86,640$84,231$81,910$79,236
4 years$68,121$65,529$63,052$60,683$58,419$55,831
5 years$53,952$51,376$48,931$46,611$44,409$41,915
6 years$44,509$41,952$39,543$37,275$35,139$32,742
7 years$37,767$35,231$32,861$30,646$28,578$26,278
8 years$32,712$30,200$27,869$25,708$23,708$21,505
9 years$28,783$26,294$24,003$21,897$19,965$17,860
10 years$25,642$23,177$20,926$18,876$17,012$15,001
11 years$23,073$20,633$18,423$16,428$14,631$12,714
12 years$20,934$18,519$16,350$14,409$12,679$10,854
13 years$19,126$16,736$14,608$12,721$11,056$9,321
14 years$17,577$15,213$13,125$11,292$9,692$8,044
15 years$16,236$13,897$11,850$10,071$8,533$6,971
16 years$15,063$12,750$10,744$9,017$7,542$6,062
17 years$14,030$11,742$9,777$8,102$6,687$5,287
18 years$13,112$10,851$8,925$7,302$5,946$4,623
19 years$12,293$10,056$8,170$6,598$5,300$4,051
20 years$11,556$9,345$7,498$5,975$4,734$3,556
21 years$10,890$8,704$6,897$5,423$4,236$3,127
22 years$10,285$8,125$6,357$4,931$3,797$2,753
23 years$9,734$7,599$5,869$4,491$3,408$2,427
24 years$9,229$7,120$5,428$4,096$3,064$2,142
25 years$8,766$6,682$5,027$3,740$2,757$1,893
26 years$8,339$6,280$4,663$3,420$2,483$1,673
27 years$7,944$5,910$4,330$3,130$2,239$1,481
28 years$7,578$5,569$4,025$2,868$2,020$1,311
29 years$7,238$5,254$3,746$2,630$1,824$1,161
30 years$6,921$4,962$3,489$2,414$1,648$1,029
31 years$6,625$4,690$3,253$2,217$1,490$912
32 years$6,348$4,438$3,035$2,037$1,348$809
33 years$6,089$4,203$2,834$1,874$1,220$718
34 years$5,845$3,983$2,648$1,724$1,104$637
35 years$5,616$3,778$2,475$1,587$1,000$566
36 years$5,400$3,586$2,316$1,461$906$502
37 years$5,196$3,406$2,167$1,347$821$446
38 years$5,003$3,237$2,030$1,241$745$396
39 years$4,821$3,078$1,901$1,144$675$352
40 years$4,648$2,928$1,782$1,056$613$313
41 years$4,484$2,788$1,671$974$556$278
42 years$4,329$2,655$1,568$899$504$247
43 years$4,181$2,529$1,471$830$458$220
44 years$4,040$2,411$1,381$766$415$195
45 years$3,905$2,299$1,297$707$377$174
46 years$3,777$2,193$1,218$654$342$155
47 years$3,655$2,093$1,144$604$311$137
48 years$3,538$1,998$1,075$558$282$122
49 years$3,426$1,908$1,011$516$256$109
50 years$3,320$1,823$950$477$233$97

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 $6,647 every year, while hoping to spend $48,795 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: 34/37/29 Blend
65$3,400,000$3,400,000$3,400,000$3,400,000
66$3,753,656$3,573,456$3,520,756$3,848,180
67$4,084,612$3,696,638$3,586,784$4,043,458
68$4,447,689$3,824,221$3,653,389$4,249,079
69$4,846,114$3,956,368$3,720,537$4,469,882
70$5,283,438$4,093,250$3,788,195$4,707,253
71$5,763,573$4,235,044$3,856,325$4,962,717
72$6,290,832$4,381,935$3,924,886$5,237,947
73$6,869,961$4,534,114$3,993,834$5,534,785
74$7,506,191$4,691,780$4,063,121$5,855,252
75$8,205,285$4,855,140$4,132,698$6,201,573
76$8,973,590$5,024,408$4,202,510$6,576,195
77$9,818,101$5,199,808$4,272,499$6,981,806
78$10,746,522$5,381,573$4,342,602$7,421,366
79$11,767,341$5,569,944$4,412,753$7,898,128
80$12,889,911$5,765,173$4,482,881$8,415,673
81$14,124,536$5,967,520$4,552,912$8,977,942
82$15,482,567$6,177,258$4,622,763$9,589,268
83$16,976,514$6,394,669$4,692,351$10,254,423
84$18,620,158$6,620,046$4,761,584$10,978,657
85$20,428,682$6,853,697$4,830,365$11,767,750
86$22,418,817$7,095,938$4,898,592$12,628,062
87$24,608,999$7,347,101$4,966,157$13,566,598
88$27,019,538$7,607,530$5,032,944$14,591,066
89$29,672,815$7,877,583$5,098,832$15,709,955
90$32,593,491$8,157,633$5,163,692$16,932,612
91$35,808,738$8,448,068$5,227,387$18,269,326
92$39,348,498$8,749,292$5,289,773$19,731,431
93$43,245,762$9,061,725$5,350,698$21,331,405
94$47,536,885$9,385,805$5,410,001$23,082,990
95$52,261,924$9,721,986$5,467,513$25,001,323
96$57,465,019$10,070,742$5,523,053$27,103,072
97$63,194,810$10,432,568$5,576,435$29,406,596
98$69,504,893$10,807,976$5,627,458$31,932,117
99$76,454,327$11,197,502$5,675,913$34,701,907
100$84,108,192$11,601,702$5,721,579$37,740,503