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%17.9%
1 years$231,221$229,162$227,152$225,191$223,276$216,129
2 years$114,466$112,334$110,268$108,265$106,322$99,187
3 years$75,553$73,412$71,351$69,366$67,455$60,557
4 years$56,100$53,965$51,925$49,975$48,109$41,500
5 years$44,431$42,309$40,296$38,385$36,572$30,270
6 years$36,655$34,549$32,565$30,697$28,938$22,948
7 years$31,102$29,014$27,062$25,238$23,535$17,856
8 years$26,940$24,870$22,951$21,171$19,524$14,153
9 years$23,704$21,654$19,767$18,033$16,442$11,373
10 years$21,117$19,087$17,234$15,545$14,010$9,234
11 years$19,001$16,992$15,172$13,529$12,049$7,558
12 years$17,240$15,251$13,465$11,866$10,441$6,226
13 years$15,750$13,783$12,030$10,476$9,105$5,155
14 years$14,475$12,528$10,809$9,300$7,981$4,285
15 years$13,370$11,445$9,759$8,294$7,027$3,575
16 years$12,405$10,500$8,848$7,426$6,211$2,990
17 years$11,554$9,670$8,051$6,672$5,507$2,507
18 years$10,799$8,936$7,350$6,013$4,896$2,105
19 years$10,123$8,282$6,728$5,433$4,364$1,771
20 years$9,516$7,696$6,175$4,921$3,898$1,492
21 years$8,968$7,168$5,680$4,466$3,489$1,258
22 years$8,470$6,691$5,235$4,061$3,127$1,062
23 years$8,016$6,258$4,833$3,698$2,807$897
24 years$7,601$5,864$4,470$3,373$2,523$758
25 years$7,219$5,503$4,140$3,080$2,270$641
26 years$6,867$5,172$3,840$2,816$2,045$542
27 years$6,542$4,867$3,566$2,578$1,844$459
28 years$6,241$4,586$3,315$2,362$1,664$389
29 years$5,961$4,327$3,085$2,166$1,502$329
30 years$5,700$4,086$2,873$1,988$1,357$279
31 years$5,456$3,863$2,679$1,826$1,227$236
32 years$5,228$3,655$2,499$1,678$1,110$200
33 years$5,014$3,461$2,334$1,543$1,005$170
34 years$4,814$3,280$2,180$1,420$910$144
35 years$4,625$3,111$2,038$1,307$824$122
36 years$4,447$2,953$1,907$1,204$746$103
37 years$4,279$2,805$1,785$1,109$677$88
38 years$4,120$2,666$1,671$1,022$613$74
39 years$3,970$2,535$1,566$942$556$63
40 years$3,828$2,412$1,468$869$504$53
41 years$3,693$2,296$1,376$802$458$45
42 years$3,565$2,186$1,291$740$415$38
43 years$3,443$2,083$1,211$683$377$33
44 years$3,327$1,986$1,137$631$342$28
45 years$3,216$1,893$1,068$583$311$23
46 years$3,111$1,806$1,003$538$282$20
47 years$3,010$1,724$942$497$256$17
48 years$2,914$1,646$885$459$233$14
49 years$2,822$1,571$832$425$211$12
50 years$2,734$1,501$782$392$192$10

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 $6,782 every year, while hoping to spend $35,055 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: 69/7/24 Blend
65$2,800,000$2,800,000$2,800,000$2,800,000
66$3,092,596$2,944,196$2,900,796$3,286,681
67$3,370,742$3,051,163$2,960,674$3,524,510
68$3,676,085$3,162,197$3,021,383$3,779,994
69$4,011,360$3,277,459$3,082,915$4,058,756
70$4,379,584$3,397,120$3,145,257$4,363,099
71$4,784,077$3,521,354$3,208,399$4,695,557
72$5,228,498$3,650,346$3,272,326$5,058,923
73$5,716,878$3,784,286$3,337,022$5,456,272
74$6,253,658$3,923,374$3,402,470$5,890,992
75$6,843,730$4,067,818$3,468,651$6,366,812
76$7,492,483$4,217,834$3,535,544$6,887,842
77$8,205,855$4,373,647$3,603,124$7,458,607
78$8,990,390$4,535,493$3,671,366$8,084,094
79$9,853,295$4,703,617$3,740,242$8,769,794
80$10,802,511$4,878,275$3,809,720$9,521,757
81$11,846,789$5,059,732$3,879,767$10,346,648
82$12,995,769$5,248,267$3,950,348$11,251,809
83$14,260,075$5,444,169$4,021,422$12,245,329
84$15,651,410$5,647,741$4,092,947$13,336,120
85$17,182,671$5,859,297$4,164,878$14,533,999
86$18,868,067$6,079,167$4,237,165$15,849,784
87$20,723,256$6,307,692$4,309,755$17,295,391
88$22,765,489$6,545,230$4,382,593$18,883,953
89$25,013,776$6,792,153$4,455,618$20,629,935
90$27,489,065$7,048,852$4,528,764$22,549,277
91$30,214,435$7,315,731$4,601,963$24,659,544
92$33,215,320$7,593,214$4,675,141$26,980,085
93$36,519,743$7,881,743$4,748,220$29,532,225
94$40,158,587$8,181,778$4,821,115$32,339,456
95$44,165,878$8,493,801$4,893,737$35,427,668
96$48,579,113$8,818,312$4,965,993$38,825,384
97$53,439,610$9,155,837$5,037,781$42,564,036
98$58,792,898$9,506,921$5,108,995$46,678,257
99$64,689,149$9,872,136$5,179,522$51,206,211
100$71,183,648$10,252,076$5,249,242$56,189,950