Can I retire at age 66 with 2,820,000?

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 $2,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$232,873$230,799$228,775$226,800$224,871$221,877
2 years$115,284$113,137$111,056$109,038$107,081$104,070
3 years$76,092$73,936$71,860$69,862$67,937$65,001
4 years$56,501$54,351$52,296$50,332$48,453$45,616
5 years$44,748$42,612$40,584$38,659$36,833$34,103
6 years$36,916$34,796$32,798$30,916$29,145$26,525
7 years$31,324$29,221$27,255$25,418$23,703$21,194
8 years$27,132$25,048$23,114$21,323$19,664$17,265
9 years$23,873$21,809$19,909$18,162$16,560$14,271
10 years$21,267$19,223$17,357$15,656$14,110$11,929
11 years$19,137$17,113$15,281$13,625$12,135$10,060
12 years$17,363$15,360$13,561$11,951$10,516$8,545
13 years$15,863$13,881$12,116$10,551$9,170$7,300
14 years$14,578$12,618$10,886$9,366$8,038$6,267
15 years$13,466$11,526$9,829$8,353$7,078$5,401
16 years$12,494$10,575$8,911$7,479$6,255$4,671
17 years$11,637$9,739$8,109$6,720$5,546$4,051
18 years$10,876$9,000$7,402$6,056$4,931$3,522
19 years$10,196$8,341$6,777$5,472$4,396$3,068
20 years$9,584$7,751$6,219$4,956$3,926$2,678
21 years$9,032$7,219$5,720$4,498$3,513$2,340
22 years$8,530$6,739$5,272$4,090$3,149$2,048
23 years$8,073$6,303$4,868$3,725$2,827$1,795
24 years$7,655$5,905$4,502$3,397$2,541$1,574
25 years$7,270$5,542$4,170$3,102$2,287$1,382
26 years$6,916$5,209$3,867$2,837$2,060$1,214
27 years$6,589$4,902$3,591$2,596$1,857$1,068
28 years$6,285$4,619$3,338$2,379$1,676$939
29 years$6,003$4,357$3,107$2,181$1,513$826
30 years$5,740$4,115$2,894$2,002$1,367$728
31 years$5,495$3,890$2,698$1,839$1,236$641
32 years$5,265$3,681$2,517$1,690$1,118$565
33 years$5,050$3,486$2,350$1,554$1,012$498
34 years$4,848$3,304$2,196$1,430$916$439
35 years$4,658$3,134$2,053$1,316$830$387
36 years$4,479$2,974$1,921$1,212$752$341
37 years$4,310$2,825$1,798$1,117$681$301
38 years$4,150$2,685$1,683$1,029$618$266
39 years$3,999$2,553$1,577$949$560$234
40 years$3,855$2,429$1,478$875$508$207
41 years$3,719$2,312$1,386$808$461$183
42 years$3,590$2,202$1,300$745$418$161
43 years$3,467$2,098$1,220$688$380$142
44 years$3,351$2,000$1,145$635$345$126
45 years$3,239$1,907$1,075$587$313$111
46 years$3,133$1,819$1,010$542$284$98
47 years$3,032$1,736$949$501$258$87
48 years$2,935$1,657$892$463$234$76
49 years$2,842$1,583$838$428$213$67
50 years$2,753$1,512$788$395$193$60

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,820,000, adding $4,475 every year, while hoping to spend $32,393 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: 32/42/26 Blend
65$2,820,000$2,820,000$2,820,000$2,820,000
66$3,112,256$2,962,796$2,919,086$3,186,956
67$3,395,240$3,073,507$2,982,409$3,354,961
68$3,706,003$3,188,557$3,046,769$3,532,598
69$4,047,344$3,308,125$3,112,164$3,723,290
70$4,422,346$3,432,397$3,178,595$3,928,204
71$4,834,408$3,561,566$3,246,060$4,148,625
72$5,287,270$3,695,836$3,314,555$4,385,961
73$5,785,057$3,835,416$3,384,078$4,641,757
74$6,332,310$3,980,529$3,454,622$4,917,711
75$6,934,034$4,131,403$3,526,180$5,215,687
76$7,595,742$4,288,279$3,598,744$5,537,733
77$8,323,509$4,451,407$3,672,304$5,886,098
78$9,124,029$4,621,047$3,746,847$6,263,256
79$10,004,674$4,797,472$3,822,361$6,671,922
80$10,973,569$4,980,967$3,898,829$7,115,083
81$12,039,668$5,171,829$3,976,234$7,596,022
82$13,212,832$5,370,367$4,054,556$8,118,348
83$14,503,930$5,576,904$4,133,773$8,686,030
84$15,924,937$5,791,779$4,213,860$9,303,435
85$17,489,048$6,015,343$4,294,792$9,975,361
86$19,210,800$6,247,964$4,376,537$10,707,091
87$21,106,214$6,490,027$4,459,063$11,504,435
88$23,192,942$6,741,932$4,542,335$12,373,784
89$25,490,433$7,004,098$4,626,315$13,322,171
90$28,020,120$7,276,962$4,710,959$14,357,337
91$30,805,620$7,560,980$4,796,224$15,487,797
92$33,872,956$7,856,631$4,882,060$16,722,927
93$37,250,802$8,164,411$4,968,414$18,073,042
94$40,970,757$8,484,840$5,055,229$19,549,501
95$45,067,640$8,818,462$5,142,444$21,164,803
96$49,579,817$9,165,845$5,229,994$22,932,713
97$54,549,567$9,527,580$5,317,808$24,868,381
98$60,023,479$9,904,288$5,405,811$26,988,489
99$66,052,891$10,296,614$5,493,922$29,311,404
100$72,694,373$10,705,236$5,582,056$31,857,351