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%13.6%
1 years$231,221$229,162$227,152$225,191$223,276$219,939
2 years$114,466$112,334$110,268$108,265$106,322$102,968
3 years$75,553$73,412$71,351$69,366$67,455$64,188
4 years$56,100$53,965$51,925$49,975$48,109$44,954
5 years$44,431$42,309$40,296$38,385$36,572$33,538
6 years$36,655$34,549$32,565$30,697$28,938$26,029
7 years$31,102$29,014$27,062$25,238$23,535$20,751
8 years$26,940$24,870$22,951$21,171$19,524$16,866
9 years$23,704$21,654$19,767$18,033$16,442$13,908
10 years$21,117$19,087$17,234$15,545$14,010$11,597
11 years$19,001$16,992$15,172$13,529$12,049$9,756
12 years$17,240$15,251$13,465$11,866$10,441$8,265
13 years$15,750$13,783$12,030$10,476$9,105$7,043
14 years$14,475$12,528$10,809$9,300$7,981$6,030
15 years$13,370$11,445$9,759$8,294$7,027$5,183
16 years$12,405$10,500$8,848$7,426$6,211$4,470
17 years$11,554$9,670$8,051$6,672$5,507$3,865
18 years$10,799$8,936$7,350$6,013$4,896$3,351
19 years$10,123$8,282$6,728$5,433$4,364$2,911
20 years$9,516$7,696$6,175$4,921$3,898$2,533
21 years$8,968$7,168$5,680$4,466$3,489$2,207
22 years$8,470$6,691$5,235$4,061$3,127$1,926
23 years$8,016$6,258$4,833$3,698$2,807$1,682
24 years$7,601$5,864$4,470$3,373$2,523$1,471
25 years$7,219$5,503$4,140$3,080$2,270$1,287
26 years$6,867$5,172$3,840$2,816$2,045$1,127
27 years$6,542$4,867$3,566$2,578$1,844$988
28 years$6,241$4,586$3,315$2,362$1,664$866
29 years$5,961$4,327$3,085$2,166$1,502$760
30 years$5,700$4,086$2,873$1,988$1,357$667
31 years$5,456$3,863$2,679$1,826$1,227$586
32 years$5,228$3,655$2,499$1,678$1,110$514
33 years$5,014$3,461$2,334$1,543$1,005$452
34 years$4,814$3,280$2,180$1,420$910$397
35 years$4,625$3,111$2,038$1,307$824$349
36 years$4,447$2,953$1,907$1,204$746$307
37 years$4,279$2,805$1,785$1,109$677$270
38 years$4,120$2,666$1,671$1,022$613$237
39 years$3,970$2,535$1,566$942$556$208
40 years$3,828$2,412$1,468$869$504$183
41 years$3,693$2,296$1,376$802$458$161
42 years$3,565$2,186$1,291$740$415$142
43 years$3,443$2,083$1,211$683$377$125
44 years$3,327$1,986$1,137$631$342$110
45 years$3,216$1,893$1,068$583$311$97
46 years$3,111$1,806$1,003$538$282$85
47 years$3,010$1,724$942$497$256$75
48 years$2,914$1,646$885$459$233$66
49 years$2,822$1,571$832$425$211$58
50 years$2,734$1,501$782$392$192$51

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 $6,112 every year, while hoping to spend $56,472 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: 36/36/28 Blend
65$2,800,000$2,800,000$2,800,000$2,800,000
66$3,091,905$2,943,505$2,900,105$3,177,036
67$3,347,193$3,027,650$2,937,172$3,325,049
68$3,626,628$3,114,027$2,973,589$3,479,185
69$3,932,614$3,202,683$3,009,273$3,644,506
70$4,267,795$3,293,670$3,044,140$3,822,058
71$4,635,089$3,387,038$3,078,096$4,012,989
72$5,037,703$3,482,839$3,111,048$4,218,564
73$5,479,174$3,581,123$3,142,893$4,440,177
74$5,963,395$3,681,943$3,173,526$4,679,361
75$6,494,656$3,785,352$3,202,833$4,937,804
76$7,077,679$3,891,403$3,230,696$5,217,368
77$7,717,668$4,000,148$3,256,990$5,520,099
78$8,420,355$4,111,640$3,281,584$5,848,255
79$9,192,054$4,225,933$3,304,340$6,204,320
80$10,039,721$4,343,081$3,325,113$6,591,032
81$10,971,016$4,463,136$3,343,748$7,011,406
82$11,994,383$4,586,152$3,360,086$7,468,766
83$13,119,118$4,712,182$3,373,958$7,966,771
84$14,355,468$4,841,279$3,385,185$8,509,455
85$15,714,719$4,973,495$3,393,582$9,101,262
86$17,209,306$5,108,881$3,398,952$9,747,086
87$18,852,928$5,247,490$3,401,091$10,452,325
88$20,660,681$5,389,371$3,399,781$11,222,922
89$22,649,194$5,534,574$3,394,798$12,065,429
90$24,836,791$5,683,147$3,385,903$12,987,064
91$27,243,661$5,835,138$3,372,847$13,995,783
92$29,892,047$5,990,593$3,355,370$15,100,353
93$32,806,458$6,149,554$3,333,198$16,310,434
94$36,013,900$6,312,066$3,306,043$17,636,674
95$39,544,129$6,478,168$3,273,606$19,090,805
96$43,429,931$6,647,899$3,235,573$20,685,759
97$47,707,431$6,821,294$3,191,612$22,435,785
98$52,416,438$6,998,386$3,141,380$24,356,589
99$57,600,813$7,179,205$3,084,515$26,465,479
100$63,308,888$7,363,779$3,020,638$28,781,530