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%16.4%
1 years$232,047$229,980$227,964$225,995$224,073$218,214
2 years$114,875$112,735$110,662$108,652$106,702$100,838
3 years$75,822$73,674$71,606$69,614$67,696$62,012
4 years$56,300$54,158$52,111$50,153$48,281$42,821
5 years$44,590$42,461$40,440$38,522$36,703$31,480
6 years$36,785$34,672$32,681$30,807$29,042$24,063
7 years$31,213$29,118$27,158$25,328$23,619$18,884
8 years$27,036$24,959$23,033$21,247$19,594$15,100
9 years$23,788$21,732$19,838$18,098$16,501$12,245
10 years$21,192$19,155$17,295$15,600$14,060$10,036
11 years$19,069$17,053$15,226$13,577$12,092$8,294
12 years$17,301$15,306$13,513$11,909$10,478$6,900
13 years$15,807$13,832$12,073$10,514$9,137$5,771
14 years$14,527$12,573$10,848$9,333$8,010$4,848
15 years$13,418$11,485$9,794$8,323$7,052$4,087
16 years$12,449$10,538$8,880$7,453$6,233$3,455
17 years$11,595$9,705$8,080$6,696$5,527$2,929
18 years$10,837$8,968$7,376$6,035$4,914$2,487
19 years$10,159$8,311$6,752$5,453$4,380$2,116
20 years$9,550$7,723$6,197$4,938$3,912$1,803
21 years$9,000$7,194$5,700$4,482$3,501$1,538
22 years$8,500$6,715$5,254$4,075$3,138$1,313
23 years$8,045$6,281$4,851$3,711$2,817$1,123
24 years$7,628$5,884$4,486$3,385$2,532$960
25 years$7,245$5,522$4,155$3,091$2,278$822
26 years$6,892$5,190$3,854$2,827$2,052$704
27 years$6,565$4,884$3,578$2,587$1,850$603
28 years$6,263$4,603$3,327$2,370$1,670$517
29 years$5,982$4,342$3,096$2,174$1,508$443
30 years$5,720$4,101$2,883$1,995$1,362$380
31 years$5,475$3,876$2,688$1,832$1,232$326
32 years$5,247$3,668$2,508$1,684$1,114$280
33 years$5,032$3,474$2,342$1,548$1,008$240
34 years$4,831$3,292$2,188$1,425$913$206
35 years$4,641$3,123$2,046$1,312$827$177
36 years$4,463$2,964$1,914$1,208$749$152
37 years$4,294$2,815$1,791$1,113$679$130
38 years$4,135$2,675$1,677$1,026$616$112
39 years$3,985$2,544$1,572$946$558$96
40 years$3,842$2,420$1,473$872$506$83
41 years$3,706$2,304$1,381$805$459$71
42 years$3,578$2,194$1,296$743$417$61
43 years$3,455$2,090$1,216$686$378$52
44 years$3,339$1,993$1,141$633$343$45
45 years$3,228$1,900$1,072$585$312$39
46 years$3,122$1,813$1,006$540$283$33
47 years$3,021$1,730$946$499$257$28
48 years$2,924$1,651$889$461$233$24
49 years$2,832$1,577$835$426$212$21
50 years$2,744$1,506$785$394$193$18

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 $3,977 every year, while hoping to spend $47,024 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: 63/31/6 Blend
65$2,810,000$2,810,000$2,810,000$2,810,000
66$3,100,722$2,951,792$2,908,237$3,292,606
67$3,366,963$3,046,397$2,955,630$3,515,560
68$3,658,784$3,144,061$3,003,034$3,752,987
69$3,978,745$3,244,885$3,050,401$4,010,979
70$4,329,665$3,348,973$3,097,678$4,291,526
71$4,714,649$3,456,431$3,144,809$4,596,813
72$5,137,118$3,567,370$3,191,734$4,929,247
73$5,600,838$3,681,905$3,238,391$5,291,478
74$6,109,959$3,800,154$3,284,712$5,686,421
75$6,669,052$3,922,239$3,330,627$6,117,284
76$7,283,152$4,048,286$3,376,061$6,587,601
77$7,957,808$4,178,426$3,420,933$7,101,260
78$8,699,129$4,312,794$3,465,159$7,662,542
79$9,513,848$4,451,529$3,508,650$8,276,161
80$10,409,382$4,594,775$3,551,311$8,947,309
81$11,393,902$4,742,682$3,593,042$9,681,699
82$12,476,409$4,895,403$3,633,739$10,485,626
83$13,666,823$5,053,097$3,673,289$11,366,020
84$14,976,070$5,215,931$3,711,576$12,330,515
85$16,416,191$5,384,072$3,748,475$13,387,517
86$18,000,449$5,557,699$3,783,856$14,546,284
87$19,743,461$5,736,992$3,817,581$15,817,014
88$21,661,329$5,922,140$3,849,505$17,210,940
89$23,771,797$6,113,337$3,879,476$18,740,433
90$26,094,414$6,310,785$3,907,332$20,419,123
91$28,650,722$6,514,691$3,932,906$22,262,022
92$31,464,456$6,725,271$3,956,018$24,285,667
93$34,561,769$6,942,747$3,976,483$26,508,276
94$37,971,477$7,167,350$3,994,103$28,949,919
95$41,725,335$7,399,317$4,008,673$31,632,705
96$45,858,330$7,638,895$4,019,975$34,580,994
97$50,409,017$7,886,338$4,027,781$37,821,619
98$55,419,877$8,141,909$4,031,852$41,384,146
99$60,937,724$8,405,881$4,031,938$45,301,149
100$67,014,138$8,678,536$4,027,775$49,608,513