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

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 $2,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$231,221$229,162$227,152$225,191$223,276$221,776
2 years$114,466$112,334$110,268$108,265$106,322$104,809
3 years$75,553$73,412$71,351$69,366$67,455$65,976
4 years$56,100$53,965$51,925$49,975$48,109$46,676
5 years$44,431$42,309$40,296$38,385$36,572$35,188
6 years$36,655$34,549$32,565$30,697$28,938$27,606
7 years$31,102$29,014$27,062$25,238$23,535$22,254
8 years$26,940$24,870$22,951$21,171$19,524$18,296
9 years$23,704$21,654$19,767$18,033$16,442$15,266
10 years$21,117$19,087$17,234$15,545$14,010$12,884
11 years$19,001$16,992$15,172$13,529$12,049$10,974
12 years$17,240$15,251$13,465$11,866$10,441$9,416
13 years$15,750$13,783$12,030$10,476$9,105$8,128
14 years$14,475$12,528$10,809$9,300$7,981$7,051
15 years$13,370$11,445$9,759$8,294$7,027$6,143
16 years$12,405$10,500$8,848$7,426$6,211$5,372
17 years$11,554$9,670$8,051$6,672$5,507$4,711
18 years$10,799$8,936$7,350$6,013$4,896$4,142
19 years$10,123$8,282$6,728$5,433$4,364$3,651
20 years$9,516$7,696$6,175$4,921$3,898$3,224
21 years$8,968$7,168$5,680$4,466$3,489$2,852
22 years$8,470$6,691$5,235$4,061$3,127$2,526
23 years$8,016$6,258$4,833$3,698$2,807$2,241
24 years$7,601$5,864$4,470$3,373$2,523$1,990
25 years$7,219$5,503$4,140$3,080$2,270$1,769
26 years$6,867$5,172$3,840$2,816$2,045$1,574
27 years$6,542$4,867$3,566$2,578$1,844$1,401
28 years$6,241$4,586$3,315$2,362$1,664$1,248
29 years$5,961$4,327$3,085$2,166$1,502$1,113
30 years$5,700$4,086$2,873$1,988$1,357$993
31 years$5,456$3,863$2,679$1,826$1,227$886
32 years$5,228$3,655$2,499$1,678$1,110$791
33 years$5,014$3,461$2,334$1,543$1,005$707
34 years$4,814$3,280$2,180$1,420$910$631
35 years$4,625$3,111$2,038$1,307$824$564
36 years$4,447$2,953$1,907$1,204$746$505
37 years$4,279$2,805$1,785$1,109$677$451
38 years$4,120$2,666$1,671$1,022$613$404
39 years$3,970$2,535$1,566$942$556$361
40 years$3,828$2,412$1,468$869$504$323
41 years$3,693$2,296$1,376$802$458$289
42 years$3,565$2,186$1,291$740$415$259
43 years$3,443$2,083$1,211$683$377$232
44 years$3,327$1,986$1,137$631$342$207
45 years$3,216$1,893$1,068$583$311$186
46 years$3,111$1,806$1,003$538$282$166
47 years$3,010$1,724$942$497$256$149
48 years$2,914$1,646$885$459$233$133
49 years$2,822$1,571$832$425$211$119
50 years$2,734$1,501$782$392$192$107

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 $6,985 every year, while hoping to spend $58,775 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: 62/20/18 Blend
65$2,800,000$2,800,000$2,800,000$2,800,000
66$3,092,805$2,944,405$2,901,005$3,269,969
67$3,345,735$3,026,145$2,935,653$3,471,889
68$3,622,494$3,109,920$2,969,491$3,685,009
69$3,925,450$3,195,768$3,002,431$3,916,300
70$4,257,212$3,283,727$3,034,378$4,167,536
71$4,620,652$3,373,833$3,065,234$4,440,668
72$5,018,933$3,466,125$3,094,894$4,737,846
73$5,455,538$3,560,639$3,123,246$5,061,437
74$5,934,303$3,657,411$3,150,176$5,414,049
75$6,459,456$3,756,478$3,175,560$5,798,554
76$7,035,649$3,857,874$3,199,270$6,218,116
77$7,668,010$3,961,635$3,221,171$6,676,219
78$8,362,185$4,067,793$3,241,118$7,176,703
79$9,124,396$4,176,383$3,258,963$7,723,797
80$9,961,494$4,287,435$3,274,548$8,322,159
81$10,881,028$4,400,981$3,287,707$8,976,925
82$11,891,313$4,517,050$3,298,266$9,693,748
83$13,001,511$4,635,669$3,306,042$10,478,861
84$14,221,714$4,756,865$3,310,842$11,339,127
85$15,563,039$4,880,662$3,312,466$12,282,113
86$17,037,737$5,007,083$3,310,702$13,316,153
87$18,659,304$5,136,147$3,305,328$14,450,431
88$20,442,607$5,267,872$3,296,111$15,695,066
89$22,404,029$5,402,274$3,282,806$17,061,209
90$24,561,618$5,539,364$3,265,159$18,561,147
91$26,935,262$5,679,151$3,242,900$20,208,420
92$29,546,870$5,821,642$3,215,749$22,017,947
93$32,420,586$5,966,837$3,183,411$24,006,168
94$35,583,008$6,114,734$3,145,578$26,191,201
95$39,063,446$6,265,328$3,101,926$28,593,010
96$42,894,194$6,418,606$3,052,118$31,233,593
97$47,110,837$6,574,552$2,995,798$34,137,195
98$51,752,582$6,733,145$2,932,598$37,330,532
99$56,862,633$6,894,357$2,862,127$40,843,043
100$62,488,595$7,058,154$2,783,982$44,707,173