Can I retire at age 66 with 2,780,000?

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 $2,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$229,570$227,525$225,530$223,583$221,681$219,549
2 years$113,648$111,532$109,481$107,492$105,562$103,414
3 years$75,013$72,887$70,841$68,871$66,973$64,876
4 years$55,699$53,580$51,554$49,618$47,766$45,736
5 years$44,114$42,007$40,008$38,111$36,311$34,354
6 years$36,393$34,302$32,333$30,478$28,732$26,850
7 years$30,880$28,807$26,869$25,057$23,366$21,561
8 years$26,747$24,693$22,787$21,020$19,385$17,656
9 years$23,534$21,500$19,626$17,904$16,325$14,671
10 years$20,966$18,951$17,110$15,434$13,909$12,331
11 years$18,866$16,871$15,064$13,432$11,963$10,457
12 years$17,117$15,142$13,369$11,782$10,367$8,933
13 years$15,638$13,684$11,944$10,401$9,040$7,676
14 years$14,372$12,439$10,732$9,233$7,924$6,629
15 years$13,275$11,363$9,689$8,234$6,977$5,749
16 years$12,316$10,425$8,785$7,373$6,166$5,002
17 years$11,472$9,601$7,994$6,625$5,468$4,366
18 years$10,721$8,872$7,297$5,970$4,862$3,820
19 years$10,051$8,222$6,680$5,395$4,333$3,350
20 years$9,448$7,641$6,131$4,886$3,870$2,943
21 years$8,904$7,117$5,639$4,434$3,464$2,590
22 years$8,409$6,643$5,197$4,032$3,105$2,282
23 years$7,959$6,213$4,799$3,672$2,787$2,013
24 years$7,546$5,822$4,438$3,349$2,505$1,778
25 years$7,167$5,463$4,111$3,058$2,254$1,572
26 years$6,818$5,135$3,812$2,796$2,030$1,391
27 years$6,495$4,832$3,540$2,560$1,831$1,232
28 years$6,196$4,553$3,291$2,345$1,652$1,091
29 years$5,918$4,296$3,063$2,151$1,491$968
30 years$5,659$4,057$2,853$1,974$1,348$858
31 years$5,417$3,835$2,659$1,813$1,218$762
32 years$5,191$3,629$2,481$1,666$1,102$676
33 years$4,979$3,436$2,317$1,532$997$600
34 years$4,779$3,257$2,165$1,409$903$533
35 years$4,592$3,089$2,024$1,298$818$474
36 years$4,415$2,932$1,893$1,195$741$421
37 years$4,249$2,785$1,772$1,101$672$374
38 years$4,091$2,647$1,659$1,015$609$333
39 years$3,942$2,517$1,555$936$552$296
40 years$3,801$2,394$1,457$863$501$263
41 years$3,667$2,279$1,366$796$454$234
42 years$3,539$2,171$1,282$735$412$208
43 years$3,418$2,068$1,203$678$374$185
44 years$3,303$1,971$1,129$626$340$165
45 years$3,193$1,880$1,060$578$308$147
46 years$3,088$1,793$996$534$280$131
47 years$2,989$1,711$935$494$254$116
48 years$2,893$1,634$879$456$231$103
49 years$2,802$1,560$826$422$210$92
50 years$2,714$1,490$777$390$190$82

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,780,000, adding $3,578 every year, while hoping to spend $46,138 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: 50/27/23 Blend
65$2,780,000$2,780,000$2,780,000$2,780,000
66$3,067,251$2,919,911$2,876,821$3,200,631
67$3,331,020$3,013,896$2,924,104$3,387,623
68$3,620,147$3,110,940$2,971,424$3,585,778
69$3,937,170$3,211,144$3,018,735$3,800,199
70$4,284,884$3,314,613$3,065,986$4,032,445
71$4,666,368$3,421,455$3,113,122$4,284,230
72$5,085,013$3,531,781$3,160,087$4,557,440
73$5,544,553$3,645,708$3,206,819$4,854,153
74$6,049,105$3,763,354$3,253,254$5,176,654
75$6,603,199$3,884,844$3,299,323$5,527,458
76$7,211,829$4,010,305$3,344,954$5,909,337
77$7,880,495$4,139,869$3,390,070$6,325,340
78$8,615,256$4,273,674$3,434,588$6,778,824
79$9,422,788$4,411,859$3,478,422$7,273,489
80$10,310,444$4,554,573$3,521,482$7,813,405
81$11,286,327$4,701,965$3,563,669$8,403,057
82$12,359,364$4,854,192$3,604,883$9,047,384
83$13,539,387$5,011,416$3,645,015$9,751,824
84$14,837,233$5,173,803$3,683,951$10,522,368
85$16,264,840$5,341,528$3,721,573$11,365,616
86$17,835,360$5,514,770$3,757,751$12,288,833
87$19,563,285$5,693,712$3,792,355$13,300,028
88$21,464,583$5,878,547$3,825,242$14,408,019
89$23,556,848$6,069,473$3,856,265$15,622,520
90$25,859,465$6,266,696$3,885,268$16,954,235
91$28,393,792$6,470,426$3,912,087$18,414,955
92$31,183,366$6,680,884$3,936,549$20,017,667
93$34,254,119$6,898,297$3,958,473$21,776,682
94$37,634,625$7,122,899$3,977,667$23,707,767
95$41,356,371$7,354,935$3,993,933$25,828,292
96$45,454,049$7,594,655$4,007,058$28,157,393
97$49,965,889$7,842,321$4,016,822$30,716,158
98$54,934,016$8,098,201$4,022,992$33,527,818
99$60,404,848$8,362,575$4,025,324$36,617,970
100$66,429,533$8,635,731$4,023,562$40,014,819