Can I retire at age 66 with 2,800,000?

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 $2,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$231,221$229,162$227,152$225,191$223,276$220,121
2 years$114,466$112,334$110,268$108,265$106,322$103,150
3 years$75,553$73,412$71,351$69,366$67,455$64,364
4 years$56,100$53,965$51,925$49,975$48,109$45,123
5 years$44,431$42,309$40,296$38,385$36,572$33,699
6 years$36,655$34,549$32,565$30,697$28,938$26,182
7 years$31,102$29,014$27,062$25,238$23,535$20,897
8 years$26,940$24,870$22,951$21,171$19,524$17,004
9 years$23,704$21,654$19,767$18,033$16,442$14,038
10 years$21,117$19,087$17,234$15,545$14,010$11,720
11 years$19,001$16,992$15,172$13,529$12,049$9,872
12 years$17,240$15,251$13,465$11,866$10,441$8,374
13 years$15,750$13,783$12,030$10,476$9,105$7,145
14 years$14,475$12,528$10,809$9,300$7,981$6,125
15 years$13,370$11,445$9,759$8,294$7,027$5,272
16 years$12,405$10,500$8,848$7,426$6,211$4,553
17 years$11,554$9,670$8,051$6,672$5,507$3,943
18 years$10,799$8,936$7,350$6,013$4,896$3,423
19 years$10,123$8,282$6,728$5,433$4,364$2,978
20 years$9,516$7,696$6,175$4,921$3,898$2,595
21 years$8,968$7,168$5,680$4,466$3,489$2,265
22 years$8,470$6,691$5,235$4,061$3,127$1,979
23 years$8,016$6,258$4,833$3,698$2,807$1,732
24 years$7,601$5,864$4,470$3,373$2,523$1,516
25 years$7,219$5,503$4,140$3,080$2,270$1,329
26 years$6,867$5,172$3,840$2,816$2,045$1,166
27 years$6,542$4,867$3,566$2,578$1,844$1,023
28 years$6,241$4,586$3,315$2,362$1,664$899
29 years$5,961$4,327$3,085$2,166$1,502$790
30 years$5,700$4,086$2,873$1,988$1,357$694
31 years$5,456$3,863$2,679$1,826$1,227$610
32 years$5,228$3,655$2,499$1,678$1,110$537
33 years$5,014$3,461$2,334$1,543$1,005$473
34 years$4,814$3,280$2,180$1,420$910$416
35 years$4,625$3,111$2,038$1,307$824$366
36 years$4,447$2,953$1,907$1,204$746$322
37 years$4,279$2,805$1,785$1,109$677$284
38 years$4,120$2,666$1,671$1,022$613$250
39 years$3,970$2,535$1,566$942$556$220
40 years$3,828$2,412$1,468$869$504$194
41 years$3,693$2,296$1,376$802$458$171
42 years$3,565$2,186$1,291$740$415$151
43 years$3,443$2,083$1,211$683$377$133
44 years$3,327$1,986$1,137$631$342$117
45 years$3,216$1,893$1,068$583$311$103
46 years$3,111$1,806$1,003$538$282$91
47 years$3,010$1,724$942$497$256$80
48 years$2,914$1,646$885$459$233$71
49 years$2,822$1,571$832$425$211$62
50 years$2,734$1,501$782$392$192$55

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,800,000, adding $3,979 every year, while hoping to spend $55,799 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: 64/20/16 Blend
65$2,800,000$2,800,000$2,800,000$2,800,000
66$3,089,704$2,941,304$2,897,904$3,275,060
67$3,345,484$3,026,059$2,935,614$3,484,579
68$3,625,484$3,113,096$2,972,718$3,706,604
69$3,932,115$3,202,468$3,009,135$3,947,791
70$4,268,031$3,294,231$3,044,782$4,210,013
71$4,636,159$3,388,437$3,079,571$4,495,329
72$5,039,719$3,485,142$3,113,408$4,806,006
73$5,482,258$3,584,401$3,146,195$5,144,542
74$5,967,684$3,686,272$3,177,828$5,513,687
75$6,500,299$3,790,811$3,208,197$5,916,471
76$7,084,845$3,898,076$3,237,186$6,356,230
77$7,726,541$4,008,124$3,264,674$6,836,638
78$8,431,141$4,121,014$3,290,533$7,361,744
79$9,204,979$4,236,806$3,314,628$7,936,005
80$10,055,035$4,355,558$3,336,816$8,564,334
81$10,988,999$4,477,330$3,356,949$9,252,142
82$12,015,339$4,602,181$3,374,870$10,005,389
83$13,143,388$4,730,173$3,390,413$10,830,642
84$14,383,427$4,861,365$3,403,405$11,735,136
85$15,746,781$4,995,816$3,413,663$12,726,841
86$17,245,929$5,133,587$3,420,997$13,814,540
87$18,894,619$5,274,738$3,425,205$15,007,909
88$20,707,997$5,419,327$3,426,077$16,317,607
89$22,702,754$5,567,415$3,423,392$17,755,382
90$24,897,275$5,719,059$3,416,916$19,334,176
91$27,311,821$5,874,317$3,406,406$21,068,249
92$29,968,714$6,033,246$3,391,608$22,973,316
93$32,892,549$6,195,901$3,372,254$25,066,690
94$36,110,427$6,362,338$3,348,062$27,367,450
95$39,652,208$6,532,610$3,318,740$29,896,619
96$43,550,794$6,706,769$3,283,978$32,677,362
97$47,842,439$6,884,864$3,243,455$35,735,206
98$52,567,089$7,066,944$3,196,832$39,098,280
99$57,768,762$7,253,054$3,143,756$42,797,579
100$63,495,961$7,443,239$3,083,857$46,867,259