Can I retire at age 66 with 2,810,000?

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 $2,810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$232,047$229,980$227,964$225,995$224,073$216,987
2 years$114,875$112,735$110,662$108,652$106,702$99,627
3 years$75,822$73,674$71,606$69,614$67,696$60,854
4 years$56,300$54,158$52,111$50,153$48,281$41,725
5 years$44,590$42,461$40,440$38,522$36,703$30,450
6 years$36,785$34,672$32,681$30,807$29,042$23,097
7 years$31,213$29,118$27,158$25,328$23,619$17,982
8 years$27,036$24,959$23,033$21,247$19,594$14,262
9 years$23,788$21,732$19,838$18,098$16,501$11,467
10 years$21,192$19,155$17,295$15,600$14,060$9,316
11 years$19,069$17,053$15,226$13,577$12,092$7,631
12 years$17,301$15,306$13,513$11,909$10,478$6,290
13 years$15,807$13,832$12,073$10,514$9,137$5,211
14 years$14,527$12,573$10,848$9,333$8,010$4,335
15 years$13,418$11,485$9,794$8,323$7,052$3,619
16 years$12,449$10,538$8,880$7,453$6,233$3,029
17 years$11,595$9,705$8,080$6,696$5,527$2,541
18 years$10,837$8,968$7,376$6,035$4,914$2,136
19 years$10,159$8,311$6,752$5,453$4,380$1,798
20 years$9,550$7,723$6,197$4,938$3,912$1,516
21 years$9,000$7,194$5,700$4,482$3,501$1,279
22 years$8,500$6,715$5,254$4,075$3,138$1,081
23 years$8,045$6,281$4,851$3,711$2,817$913
24 years$7,628$5,884$4,486$3,385$2,532$773
25 years$7,245$5,522$4,155$3,091$2,278$654
26 years$6,892$5,190$3,854$2,827$2,052$554
27 years$6,565$4,884$3,578$2,587$1,850$469
28 years$6,263$4,603$3,327$2,370$1,670$397
29 years$5,982$4,342$3,096$2,174$1,508$337
30 years$5,720$4,101$2,883$1,995$1,362$286
31 years$5,475$3,876$2,688$1,832$1,232$242
32 years$5,247$3,668$2,508$1,684$1,114$205
33 years$5,032$3,474$2,342$1,548$1,008$174
34 years$4,831$3,292$2,188$1,425$913$148
35 years$4,641$3,123$2,046$1,312$827$125
36 years$4,463$2,964$1,914$1,208$749$106
37 years$4,294$2,815$1,791$1,113$679$90
38 years$4,135$2,675$1,677$1,026$616$77
39 years$3,985$2,544$1,572$946$558$65
40 years$3,842$2,420$1,473$872$506$55
41 years$3,706$2,304$1,381$805$459$47
42 years$3,578$2,194$1,296$743$417$40
43 years$3,455$2,090$1,216$686$378$34
44 years$3,339$1,993$1,141$633$343$29
45 years$3,228$1,900$1,072$585$312$24
46 years$3,122$1,813$1,006$540$283$21
47 years$3,021$1,730$946$499$257$18
48 years$2,924$1,651$889$461$233$15
49 years$2,832$1,577$835$426$212$13
50 years$2,744$1,506$785$394$193$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,810,000, adding $5,032 every year, while hoping to spend $57,315 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: 70/6/24 Blend
65$2,810,000$2,810,000$2,810,000$2,810,000
66$3,101,811$2,952,881$2,909,326$3,299,792
67$3,357,212$3,036,589$2,945,805$3,516,578
68$3,636,744$3,122,478$2,981,586$3,746,648
69$3,942,807$3,210,594$3,016,584$3,997,135
70$4,278,045$3,300,985$3,050,711$4,270,059
71$4,645,368$3,393,695$3,083,872$4,567,647
72$5,047,983$3,488,775$3,115,970$4,892,349
73$5,489,423$3,586,269$3,146,900$5,246,869
74$5,973,575$3,686,228$3,176,552$5,634,180
75$6,504,724$3,788,697$3,204,811$6,057,564
76$7,087,588$3,893,726$3,231,554$6,520,632
77$7,727,365$4,001,361$3,256,654$7,027,366
78$8,429,779$4,111,651$3,279,976$7,582,151
79$9,201,139$4,224,644$3,301,376$8,189,820
80$10,048,389$4,340,386$3,320,707$8,855,698
81$10,979,184$4,458,924$3,337,810$9,585,653
82$12,001,955$4,580,306$3,352,521$10,386,152
83$13,125,990$4,704,576$3,364,666$11,264,318
84$14,361,521$4,831,781$3,374,062$12,228,004
85$15,719,822$4,961,963$3,380,519$13,285,860
86$17,213,313$5,095,168$3,383,835$14,447,422
87$18,855,676$5,231,437$3,383,799$15,723,194
88$20,661,989$5,370,811$3,380,190$17,124,755
89$22,648,861$5,513,330$3,372,776$18,664,863
90$24,834,593$5,659,032$3,361,312$20,357,577
91$27,239,351$5,807,953$3,345,545$22,218,392
92$29,885,349$5,960,128$3,325,206$24,264,381
93$32,797,069$6,115,588$3,300,014$26,514,361
94$36,001,481$6,274,363$3,269,676$28,989,068
95$39,528,305$6,436,480$3,233,883$31,711,351
96$43,410,288$6,601,963$3,192,314$34,706,394
97$47,683,511$6,770,833$3,144,630$38,001,949
98$52,387,732$6,943,107$3,090,478$41,628,597
99$57,566,759$7,118,798$3,029,487$45,620,043
100$63,268,865$7,297,915$2,961,272$50,013,427