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%17.1%
1 years$233,699$231,617$229,586$227,604$225,668$219,147
2 years$115,692$113,538$111,450$109,425$107,461$100,943
3 years$76,362$74,198$72,115$70,110$68,178$61,867
4 years$56,701$54,544$52,481$50,510$48,625$42,570
5 years$44,907$42,763$40,728$38,797$36,964$31,181
6 years$37,047$34,919$32,914$31,026$29,248$23,743
7 years$31,435$29,325$27,352$25,508$23,787$18,558
8 years$27,228$25,137$23,196$21,398$19,733$14,780
9 years$23,958$21,886$19,979$18,226$16,618$11,934
10 years$21,343$19,292$17,418$15,711$14,160$9,738
11 years$19,205$17,174$15,335$13,674$12,178$8,012
12 years$17,424$15,415$13,609$11,994$10,553$6,635
13 years$15,919$13,930$12,159$10,589$9,202$5,523
14 years$14,630$12,662$10,925$9,399$8,067$4,617
15 years$13,514$11,567$9,864$8,383$7,103$3,873
16 years$12,538$10,613$8,943$7,506$6,277$3,259
17 years$11,678$9,774$8,138$6,744$5,566$2,748
18 years$10,914$9,032$7,429$6,077$4,949$2,322
19 years$10,232$8,370$6,801$5,492$4,411$1,965
20 years$9,618$7,778$6,241$4,974$3,940$1,665
21 years$9,064$7,245$5,741$4,514$3,526$1,413
22 years$8,561$6,763$5,291$4,104$3,160$1,200
23 years$8,102$6,325$4,885$3,738$2,837$1,020
24 years$7,682$5,926$4,518$3,409$2,550$868
25 years$7,296$5,562$4,185$3,113$2,295$738
26 years$6,941$5,227$3,881$2,847$2,067$629
27 years$6,612$4,919$3,604$2,606$1,863$536
28 years$6,307$4,635$3,350$2,387$1,681$456
29 years$6,024$4,373$3,118$2,189$1,518$389
30 years$5,761$4,130$2,904$2,009$1,372$332
31 years$5,514$3,904$2,707$1,845$1,240$283
32 years$5,284$3,694$2,526$1,696$1,122$241
33 years$5,068$3,498$2,359$1,559$1,015$206
34 years$4,865$3,316$2,204$1,435$919$176
35 years$4,674$3,145$2,060$1,321$833$150
36 years$4,495$2,985$1,927$1,216$754$128
37 years$4,325$2,835$1,804$1,121$684$109
38 years$4,165$2,694$1,689$1,033$620$93
39 years$4,013$2,562$1,583$953$562$80
40 years$3,869$2,437$1,483$879$510$68
41 years$3,733$2,320$1,391$811$463$58
42 years$3,603$2,210$1,305$748$420$50
43 years$3,480$2,105$1,224$691$381$42
44 years$3,362$2,007$1,149$638$346$36
45 years$3,251$1,914$1,079$589$314$31
46 years$3,144$1,826$1,014$544$285$26
47 years$3,042$1,742$952$503$259$22
48 years$2,945$1,663$895$464$235$19
49 years$2,852$1,588$841$429$213$16
50 years$2,763$1,517$791$397$194$14

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 $2,585 every year, while hoping to spend $21,158 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: 59/20/21 Blend
65$2,830,000$2,830,000$2,830,000$2,830,000
66$3,121,326$2,971,336$2,927,471$3,287,969
67$3,417,190$3,094,420$3,003,030$3,524,494
68$3,742,522$3,222,825$3,080,410$3,779,807
69$4,100,307$3,356,791$3,159,651$4,057,792
70$4,493,831$3,496,567$3,240,793$4,360,647
71$4,926,716$3,642,414$3,323,874$4,690,791
72$5,402,953$3,794,604$3,408,936$5,050,883
73$5,926,939$3,953,423$3,496,019$5,443,852
74$6,503,516$4,119,171$3,585,165$5,872,918
75$7,138,023$4,292,159$3,676,417$6,341,628
76$7,836,341$4,472,714$3,769,816$6,853,882
77$8,604,950$4,661,179$3,865,408$7,413,975
78$9,450,991$4,857,913$3,963,234$8,026,634
79$10,382,330$5,063,288$4,063,340$8,697,064
80$11,407,636$5,277,698$4,165,771$9,430,991
81$12,536,463$5,501,553$4,270,572$10,234,724
82$13,779,335$5,735,283$4,377,790$11,115,205
83$15,147,852$5,979,335$4,487,470$12,080,080
84$16,654,792$6,234,182$4,599,659$13,137,768
85$18,314,238$6,500,315$4,714,405$14,297,538
86$20,141,709$6,778,248$4,831,756$15,569,598
87$22,154,303$7,068,523$4,951,760$16,965,190
88$24,370,864$7,371,702$5,074,466$18,496,693
89$26,812,153$7,688,377$5,199,922$20,177,742
90$29,501,051$8,019,166$5,328,178$22,023,354
91$32,462,770$8,364,716$5,459,283$24,050,066
92$35,725,091$8,725,706$5,593,288$26,276,097
93$39,318,629$9,102,844$5,730,242$28,721,509
94$43,277,120$9,496,874$5,870,195$31,408,405
95$47,637,738$9,908,573$6,013,199$34,361,130
96$52,441,450$10,338,756$6,159,304$37,606,499
97$57,733,397$10,788,274$6,308,559$41,174,054
98$63,563,325$11,258,020$6,461,017$45,096,337
99$69,986,050$11,748,930$6,616,728$49,409,195
100$77,061,981$12,261,981$6,775,742$54,152,120