Can I retire at age 66 with 2,760,000?

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 $2,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$227,918$225,888$223,907$221,974$220,086$218,060
2 years$112,831$110,729$108,693$106,718$104,803$102,762
3 years$74,473$72,363$70,331$68,375$66,491$64,498
4 years$55,298$53,194$51,183$49,261$47,422$45,492
5 years$43,796$41,705$39,720$37,837$36,050$34,189
6 years$36,131$34,055$32,100$30,258$28,525$26,735
7 years$30,658$28,600$26,675$24,877$23,198$21,481
8 years$26,555$24,515$22,623$20,869$19,245$17,600
9 years$23,365$21,345$19,485$17,776$16,207$14,634
10 years$20,815$18,814$16,987$15,323$13,809$12,306
11 years$18,730$16,749$14,955$13,335$11,877$10,443
12 years$16,993$15,033$13,273$11,697$10,292$8,926
13 years$15,525$13,586$11,858$10,327$8,975$7,676
14 years$14,268$12,349$10,655$9,167$7,867$6,633
15 years$13,179$11,281$9,620$8,175$6,927$5,756
16 years$12,228$10,350$8,722$7,320$6,122$5,012
17 years$11,389$9,532$7,936$6,577$5,428$4,377
18 years$10,644$8,808$7,245$5,927$4,827$3,833
19 years$9,979$8,163$6,632$5,356$4,302$3,363
20 years$9,380$7,586$6,087$4,851$3,843$2,957
21 years$8,840$7,066$5,599$4,402$3,439$2,604
22 years$8,349$6,596$5,160$4,003$3,082$2,296
23 years$7,901$6,169$4,764$3,645$2,767$2,028
24 years$7,492$5,780$4,406$3,325$2,487$1,792
25 years$7,116$5,424$4,081$3,036$2,238$1,586
26 years$6,769$5,098$3,785$2,776$2,016$1,404
27 years$6,449$4,798$3,515$2,541$1,817$1,244
28 years$6,151$4,521$3,267$2,328$1,640$1,104
29 years$5,875$4,265$3,041$2,135$1,481$979
30 years$5,618$4,028$2,832$1,959$1,338$869
31 years$5,378$3,807$2,640$1,800$1,210$772
32 years$5,153$3,603$2,464$1,654$1,094$686
33 years$4,943$3,412$2,300$1,521$990$610
34 years$4,745$3,234$2,149$1,399$897$542
35 years$4,559$3,067$2,009$1,288$812$482
36 years$4,384$2,911$1,880$1,186$736$429
37 years$4,218$2,765$1,759$1,093$667$381
38 years$4,062$2,628$1,648$1,008$605$339
39 years$3,914$2,499$1,544$929$548$302
40 years$3,773$2,377$1,447$857$497$269
41 years$3,640$2,263$1,357$791$451$239
42 years$3,514$2,155$1,273$730$409$213
43 years$3,394$2,053$1,194$673$372$190
44 years$3,279$1,957$1,121$622$337$169
45 years$3,170$1,866$1,052$574$306$151
46 years$3,066$1,780$989$530$278$134
47 years$2,967$1,699$929$490$252$119
48 years$2,872$1,622$873$453$229$106
49 years$2,782$1,549$820$419$208$95
50 years$2,695$1,480$771$387$189$84

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,760,000, adding $2,617 every year, while hoping to spend $35,028 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: 59/33/8 Blend
65$2,760,000$2,760,000$2,760,000$2,760,000
66$3,044,219$2,897,939$2,855,159$3,218,322
67$3,317,460$3,002,669$2,913,538$3,440,217
68$3,617,398$3,111,356$2,972,698$3,677,839
69$3,946,718$3,224,158$3,032,629$3,936,055
70$4,308,379$3,341,238$3,093,318$4,216,847
71$4,705,642$3,462,767$3,154,752$4,522,390
72$5,142,096$3,588,921$3,216,915$4,855,079
73$5,621,698$3,719,887$3,279,790$5,217,550
74$6,148,805$3,855,855$3,343,357$5,612,700
75$6,728,219$3,997,027$3,407,594$6,043,719
76$7,365,228$4,143,612$3,472,480$6,514,116
77$8,065,660$4,295,828$3,537,986$7,027,754
78$8,835,935$4,453,901$3,604,087$7,588,884
79$9,683,127$4,618,069$3,670,750$8,202,183
80$10,615,029$4,788,577$3,737,943$8,872,802
81$11,640,228$4,965,684$3,805,631$9,606,410
82$12,768,185$5,149,656$3,873,773$10,409,248
83$14,009,324$5,340,774$3,942,329$11,288,188
84$15,375,131$5,539,328$4,011,253$12,250,793
85$16,878,262$5,745,622$4,080,497$13,305,393
86$18,532,660$5,959,973$4,150,009$14,461,161
87$20,353,691$6,182,711$4,219,734$15,728,196
88$22,358,283$6,414,180$4,289,611$17,117,620
89$24,565,093$6,654,739$4,359,578$18,641,680
90$26,994,674$6,904,763$4,429,565$20,313,866
91$29,669,677$7,164,642$4,499,502$22,149,034
92$32,615,058$7,434,784$4,569,310$24,163,544
93$35,858,320$7,715,614$4,638,907$26,375,418
94$39,429,764$8,007,576$4,708,206$28,804,506
95$43,362,784$8,311,130$4,777,115$31,472,670
96$47,694,174$8,626,762$4,845,534$34,403,993
97$52,464,480$8,954,973$4,913,360$37,625,004
98$57,718,381$9,296,291$4,980,481$41,164,923
99$63,505,108$9,651,262$5,046,780$45,055,943
100$69,878,915$10,020,459$5,112,133$49,333,523