Can I retire at age 66 with 2,730,000?

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 $2,730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$225,441$223,433$221,474$219,561$217,694$213,648
2 years$111,604$109,526$107,511$105,558$103,664$99,603
3 years$73,664$71,576$69,567$67,632$65,769$61,819
4 years$54,697$52,616$50,627$48,725$46,907$43,099
5 years$43,320$41,252$39,289$37,426$35,658$32,003
6 years$35,738$33,685$31,751$29,930$28,215$24,717
7 years$30,324$28,289$26,385$24,607$22,946$19,606
8 years$26,266$24,249$22,377$20,642$19,036$15,852
9 years$23,111$21,113$19,273$17,582$16,031$13,002
10 years$20,589$18,610$16,803$15,156$13,659$10,783
11 years$18,526$16,567$14,793$13,190$11,747$9,020
12 years$16,809$14,870$13,128$11,570$10,180$7,597
13 years$15,357$13,438$11,729$10,214$8,877$6,435
14 years$14,113$12,215$10,539$9,067$7,782$5,476
15 years$13,036$11,158$9,515$8,086$6,852$4,678
16 years$12,095$10,238$8,627$7,240$6,056$4,009
17 years$11,265$9,429$7,850$6,505$5,369$3,445
18 years$10,529$8,712$7,166$5,863$4,774$2,967
19 years$9,870$8,075$6,560$5,297$4,255$2,560
20 years$9,278$7,503$6,021$4,798$3,801$2,213
21 years$8,744$6,989$5,538$4,354$3,401$1,915
22 years$8,258$6,524$5,104$3,959$3,049$1,660
23 years$7,816$6,102$4,713$3,606$2,737$1,440
24 years$7,410$5,717$4,358$3,289$2,460$1,250
25 years$7,038$5,365$4,037$3,003$2,214$1,086
26 years$6,695$5,042$3,744$2,746$1,994$944
27 years$6,378$4,745$3,477$2,514$1,798$822
28 years$6,085$4,472$3,232$2,303$1,622$715
29 years$5,811$4,218$3,008$2,112$1,465$623
30 years$5,557$3,984$2,801$1,938$1,323$543
31 years$5,320$3,766$2,612$1,780$1,196$473
32 years$5,097$3,563$2,437$1,636$1,082$412
33 years$4,889$3,375$2,275$1,504$979$359
34 years$4,693$3,198$2,126$1,384$887$313
35 years$4,509$3,034$1,987$1,274$803$273
36 years$4,336$2,879$1,859$1,173$728$238
37 years$4,172$2,735$1,740$1,081$660$208
38 years$4,017$2,599$1,630$997$598$182
39 years$3,871$2,471$1,527$919$542$158
40 years$3,732$2,351$1,431$848$492$138
41 years$3,601$2,238$1,342$782$446$121
42 years$3,476$2,132$1,259$722$405$105
43 years$3,357$2,031$1,181$666$367$92
44 years$3,244$1,936$1,109$615$334$80
45 years$3,136$1,846$1,041$568$303$70
46 years$3,033$1,761$978$525$275$61
47 years$2,935$1,681$919$485$250$53
48 years$2,841$1,604$863$448$227$47
49 years$2,751$1,532$811$414$206$41
50 years$2,665$1,464$763$383$187$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,730,000, adding $2,673 every year, while hoping to spend $35,726 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: 37/39/24 Blend
65$2,730,000$2,730,000$2,730,000$2,730,000
66$3,011,217$2,866,527$2,824,212$3,100,857
67$3,280,349$2,968,975$2,880,811$3,269,190
68$3,575,735$3,075,245$2,938,109$3,447,397
69$3,900,016$3,185,487$2,996,091$3,639,182
70$4,256,098$3,299,858$3,054,741$3,845,791
71$4,647,188$3,418,518$3,114,042$4,068,593
72$5,076,812$3,541,637$3,173,974$4,309,091
73$5,548,861$3,669,390$3,234,516$4,568,937
74$6,067,616$3,801,962$3,295,643$4,849,946
75$6,637,796$3,939,541$3,357,331$5,154,114
76$7,264,600$4,082,328$3,419,550$5,483,635
77$7,953,755$4,230,528$3,482,271$5,840,921
78$8,711,571$4,384,357$3,545,460$6,228,626
79$9,545,000$4,544,039$3,609,082$6,649,666
80$10,461,702$4,709,809$3,673,098$7,107,251
81$11,470,116$4,881,909$3,737,466$7,604,912
82$12,579,539$5,060,594$3,802,143$8,146,532
83$13,800,216$5,246,128$3,867,079$8,736,385
84$15,143,436$5,438,786$3,932,224$9,379,174
85$16,621,636$5,638,856$3,997,523$10,080,074
86$18,248,520$5,846,636$4,062,917$10,844,781
87$20,039,187$6,062,440$4,128,343$11,679,563
88$22,010,276$6,286,591$4,193,734$12,591,322
89$24,180,119$6,519,429$4,259,019$13,587,652
90$26,568,917$6,761,307$4,324,123$14,676,918
91$29,198,929$7,012,594$4,388,963$15,868,325
92$32,094,682$7,273,673$4,453,456$17,172,009
93$35,283,202$7,544,945$4,517,508$18,599,133
94$38,794,269$7,826,828$4,581,025$20,161,985
95$42,660,698$8,119,756$4,643,904$21,874,098
96$46,918,650$8,424,185$4,706,035$23,750,377
97$51,607,969$8,740,587$4,767,304$25,807,231
98$56,772,563$9,069,457$4,827,590$28,062,737
99$62,460,814$9,411,309$4,886,764$30,536,800
100$68,726,036$9,766,683$4,944,689$33,251,346