Can I retire at age 66 with 2,830,000?

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 $2,830,000?

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$233,699$231,617$229,586$227,604$225,668$222,664
2 years$115,692$113,538$111,450$109,425$107,461$104,439
3 years$76,362$74,198$72,115$70,110$68,178$65,232
4 years$56,701$54,544$52,481$50,510$48,625$45,778
5 years$44,907$42,763$40,728$38,797$36,964$34,224
6 years$37,047$34,919$32,914$31,026$29,248$26,619
7 years$31,435$29,325$27,352$25,508$23,787$21,269
8 years$27,228$25,137$23,196$21,398$19,733$17,327
9 years$23,958$21,886$19,979$18,226$16,618$14,322
10 years$21,343$19,292$17,418$15,711$14,160$11,972
11 years$19,205$17,174$15,335$13,674$12,178$10,096
12 years$17,424$15,415$13,609$11,994$10,553$8,575
13 years$15,919$13,930$12,159$10,589$9,202$7,326
14 years$14,630$12,662$10,925$9,399$8,067$6,289
15 years$13,514$11,567$9,864$8,383$7,103$5,420
16 years$12,538$10,613$8,943$7,506$6,277$4,688
17 years$11,678$9,774$8,138$6,744$5,566$4,065
18 years$10,914$9,032$7,429$6,077$4,949$3,534
19 years$10,232$8,370$6,801$5,492$4,411$3,079
20 years$9,618$7,778$6,241$4,974$3,940$2,687
21 years$9,064$7,245$5,741$4,514$3,526$2,349
22 years$8,561$6,763$5,291$4,104$3,160$2,056
23 years$8,102$6,325$4,885$3,738$2,837$1,801
24 years$7,682$5,926$4,518$3,409$2,550$1,580
25 years$7,296$5,562$4,185$3,113$2,295$1,387
26 years$6,941$5,227$3,881$2,847$2,067$1,219
27 years$6,612$4,919$3,604$2,606$1,863$1,071
28 years$6,307$4,635$3,350$2,387$1,681$942
29 years$6,024$4,373$3,118$2,189$1,518$829
30 years$5,761$4,130$2,904$2,009$1,372$730
31 years$5,514$3,904$2,707$1,845$1,240$643
32 years$5,284$3,694$2,526$1,696$1,122$567
33 years$5,068$3,498$2,359$1,559$1,015$500
34 years$4,865$3,316$2,204$1,435$919$440
35 years$4,674$3,145$2,060$1,321$833$388
36 years$4,495$2,985$1,927$1,216$754$343
37 years$4,325$2,835$1,804$1,121$684$302
38 years$4,165$2,694$1,689$1,033$620$267
39 years$4,013$2,562$1,583$953$562$235
40 years$3,869$2,437$1,483$879$510$208
41 years$3,733$2,320$1,391$811$463$183
42 years$3,603$2,210$1,305$748$420$162
43 years$3,480$2,105$1,224$691$381$143
44 years$3,362$2,007$1,149$638$346$126
45 years$3,251$1,914$1,079$589$314$111
46 years$3,144$1,826$1,014$544$285$98
47 years$3,042$1,742$952$503$259$87
48 years$2,945$1,663$895$464$235$77
49 years$2,852$1,588$841$429$213$68
50 years$2,763$1,517$791$397$194$60

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,830,000, adding $6,696 every year, while hoping to spend $25,142 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: 38/49/13 Blend
65$2,830,000$2,830,000$2,830,000$2,830,000
66$3,125,567$2,975,577$2,931,712$3,231,765
67$3,417,624$3,094,629$3,003,173$3,427,122
68$3,738,628$3,218,673$3,076,186$3,635,171
69$4,091,505$3,347,925$3,150,776$3,859,459
70$4,479,479$3,482,614$3,226,967$4,101,455
71$4,906,102$3,622,978$3,304,787$4,362,774
72$5,375,287$3,769,266$3,384,259$4,645,184
73$5,891,344$3,921,737$3,465,409$4,950,629
74$6,459,024$4,080,666$3,548,264$5,281,242
75$7,083,560$4,246,334$3,632,846$5,639,362
76$7,770,719$4,419,040$3,719,183$6,027,562
77$8,526,855$4,599,095$3,807,297$6,448,665
78$9,358,967$4,786,824$3,897,215$6,905,772
79$10,274,769$4,982,566$3,988,959$7,402,293
80$11,282,761$5,186,677$4,082,554$7,941,972
81$12,392,306$5,399,528$4,178,024$8,528,924
82$13,613,725$5,621,508$4,275,391$9,167,674
83$14,958,386$5,853,024$4,374,678$9,863,196
84$16,438,819$6,094,499$4,475,907$10,620,956
85$18,068,828$6,346,379$4,579,100$11,446,968
86$19,863,626$6,609,129$4,684,277$12,347,843
87$21,839,973$6,883,235$4,791,458$13,330,854
88$24,016,342$7,169,204$4,900,663$14,403,999
89$26,413,084$7,467,570$5,011,910$15,576,076
90$29,052,626$7,778,889$5,125,217$16,856,767
91$31,959,682$8,103,743$5,240,600$18,256,722
92$35,161,484$8,442,740$5,358,074$19,787,659
93$38,688,040$8,796,519$5,477,654$21,462,474
94$42,572,417$9,165,746$5,599,353$23,295,360
95$46,851,054$9,551,118$5,723,182$25,301,935
96$51,564,104$9,953,365$5,849,151$27,499,390
97$56,755,814$10,373,251$5,977,268$29,906,648
98$62,474,941$10,811,575$6,107,541$32,544,539
99$68,775,216$11,269,172$6,239,974$35,435,993
100$75,715,845$11,746,919$6,374,571$38,606,253