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%17.4%
1 years$280,769$278,268$275,828$273,446$271,121$262,969
2 years$138,994$136,406$133,897$131,465$129,105$120,961
3 years$91,743$89,143$86,640$84,231$81,910$74,028
4 years$68,121$65,529$63,052$60,683$58,419$50,861
5 years$53,952$51,376$48,931$46,611$44,409$37,195
6 years$44,509$41,952$39,543$37,275$35,139$28,276
7 years$37,767$35,231$32,861$30,646$28,578$22,064
8 years$32,712$30,200$27,869$25,708$23,708$17,540
9 years$28,783$26,294$24,003$21,897$19,965$14,137
10 years$25,642$23,177$20,926$18,876$17,012$11,515
11 years$23,073$20,633$18,423$16,428$14,631$9,456
12 years$20,934$18,519$16,350$14,409$12,679$7,815
13 years$19,126$16,736$14,608$12,721$11,056$6,492
14 years$17,577$15,213$13,125$11,292$9,692$5,416
15 years$16,236$13,897$11,850$10,071$8,533$4,534
16 years$15,063$12,750$10,744$9,017$7,542$3,806
17 years$14,030$11,742$9,777$8,102$6,687$3,202
18 years$13,112$10,851$8,925$7,302$5,946$2,700
19 years$12,293$10,056$8,170$6,598$5,300$2,280
20 years$11,556$9,345$7,498$5,975$4,734$1,928
21 years$10,890$8,704$6,897$5,423$4,236$1,632
22 years$10,285$8,125$6,357$4,931$3,797$1,383
23 years$9,734$7,599$5,869$4,491$3,408$1,172
24 years$9,229$7,120$5,428$4,096$3,064$995
25 years$8,766$6,682$5,027$3,740$2,757$845
26 years$8,339$6,280$4,663$3,420$2,483$718
27 years$7,944$5,910$4,330$3,130$2,239$610
28 years$7,578$5,569$4,025$2,868$2,020$518
29 years$7,238$5,254$3,746$2,630$1,824$441
30 years$6,921$4,962$3,489$2,414$1,648$375
31 years$6,625$4,690$3,253$2,217$1,490$319
32 years$6,348$4,438$3,035$2,037$1,348$271
33 years$6,089$4,203$2,834$1,874$1,220$231
34 years$5,845$3,983$2,648$1,724$1,104$197
35 years$5,616$3,778$2,475$1,587$1,000$167
36 years$5,400$3,586$2,316$1,461$906$142
37 years$5,196$3,406$2,167$1,347$821$121
38 years$5,003$3,237$2,030$1,241$745$103
39 years$4,821$3,078$1,901$1,144$675$88
40 years$4,648$2,928$1,782$1,056$613$75
41 years$4,484$2,788$1,671$974$556$64
42 years$4,329$2,655$1,568$899$504$54
43 years$4,181$2,529$1,471$830$458$46
44 years$4,040$2,411$1,381$766$415$39
45 years$3,905$2,299$1,297$707$377$34
46 years$3,777$2,193$1,218$654$342$29
47 years$3,655$2,093$1,144$604$311$24
48 years$3,538$1,998$1,075$558$282$21
49 years$3,426$1,908$1,011$516$256$18
50 years$3,320$1,823$950$477$233$15

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 $6,440 every year, while hoping to spend $58,208 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: 29/47/24 Blend
65$3,400,000$3,400,000$3,400,000$3,400,000
66$3,753,443$3,573,243$3,520,543$3,834,074
67$4,074,361$3,686,399$3,576,548$4,010,473
68$4,426,062$3,803,149$3,632,479$4,194,422
69$4,811,625$3,923,607$3,688,271$4,390,990
70$5,234,438$4,047,892$3,743,856$4,601,302
71$5,698,238$4,176,126$3,799,162$4,826,595
72$6,207,137$4,308,434$3,854,113$5,068,225
73$6,765,665$4,444,948$3,908,626$5,327,684
74$7,378,814$4,585,801$3,962,615$5,606,613
75$8,052,079$4,731,132$4,015,990$5,906,813
76$8,791,518$4,881,084$4,068,652$6,230,268
77$9,603,800$5,035,804$4,120,499$6,579,155
78$10,496,275$5,195,445$4,171,422$6,955,873
79$11,477,038$5,360,165$4,221,308$7,363,057
80$12,555,008$5,530,126$4,270,034$7,803,608
81$13,740,012$5,705,495$4,317,473$8,280,718
82$15,042,874$5,886,445$4,363,490$8,797,897
83$16,475,522$6,073,156$4,407,942$9,359,011
84$18,051,096$6,265,811$4,450,678$9,968,312
85$19,784,072$6,464,601$4,491,541$10,630,482
86$21,690,403$6,669,722$4,530,363$11,350,675
87$23,787,663$6,881,377$4,566,969$12,134,562
88$26,095,216$7,099,776$4,601,174$12,988,392
89$28,634,398$7,325,134$4,632,783$13,919,039
90$31,428,716$7,557,676$4,661,591$14,934,077
91$34,504,074$7,797,630$4,687,383$16,041,843
92$37,889,011$8,045,236$4,709,932$17,251,521
93$41,614,976$8,300,738$4,729,000$18,573,221
94$45,716,620$8,564,391$4,744,338$20,018,083
95$50,232,124$8,836,455$4,755,682$21,598,370
96$55,203,561$9,117,201$4,762,758$23,327,595
97$60,677,289$9,406,908$4,765,274$25,220,639
98$66,704,390$9,705,865$4,762,929$27,293,892
99$73,341,153$10,014,367$4,755,402$29,565,413
100$80,649,603$10,332,724$4,742,361$32,055,091