Can I retire at age 66 with 2,860,000?

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 $2,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$236,176$234,072$232,020$230,017$228,060$226,055
2 years$116,919$114,741$112,631$110,585$108,600$106,580
3 years$77,172$74,985$72,880$70,853$68,900$66,927
4 years$57,302$55,122$53,038$51,045$49,140$47,229
5 years$45,383$43,216$41,159$39,208$37,356$35,513
6 years$37,440$35,289$33,263$31,355$29,558$27,786
7 years$31,769$29,636$27,642$25,779$24,039$22,337
8 years$27,517$25,403$23,442$21,625$19,943$18,312
9 years$24,212$22,118$20,191$18,420$16,794$15,235
10 years$21,569$19,496$17,603$15,878$14,310$12,819
11 years$19,408$17,356$15,497$13,819$12,307$10,885
12 years$17,609$15,578$13,753$12,121$10,665$9,310
13 years$16,088$14,078$12,288$10,701$9,300$8,011
14 years$14,785$12,796$11,041$9,499$8,152$6,927
15 years$13,657$11,690$9,968$8,471$7,178$6,015
16 years$12,671$10,725$9,038$7,585$6,344$5,241
17 years$11,802$9,878$8,224$6,815$5,625$4,581
18 years$11,030$9,127$7,507$6,142$5,001$4,014
19 years$10,340$8,459$6,873$5,550$4,458$3,525
20 years$9,720$7,861$6,307$5,026$3,982$3,101
21 years$9,160$7,322$5,802$4,562$3,563$2,733
22 years$8,651$6,835$5,347$4,148$3,194$2,412
23 years$8,188$6,392$4,937$3,777$2,867$2,131
24 years$7,763$5,989$4,566$3,445$2,577$1,885
25 years$7,374$5,621$4,229$3,146$2,319$1,670
26 years$7,014$5,282$3,922$2,877$2,089$1,480
27 years$6,682$4,971$3,642$2,633$1,883$1,312
28 years$6,374$4,684$3,386$2,413$1,699$1,165
29 years$6,088$4,419$3,151$2,212$1,534$1,034
30 years$5,822$4,174$2,935$2,030$1,386$919
31 years$5,573$3,945$2,736$1,865$1,253$817
32 years$5,340$3,733$2,553$1,714$1,134$726
33 years$5,122$3,535$2,384$1,576$1,026$646
34 years$4,917$3,351$2,227$1,450$929$575
35 years$4,724$3,178$2,082$1,335$841$512
36 years$4,542$3,016$1,948$1,229$762$455
37 years$4,371$2,865$1,823$1,133$691$405
38 years$4,209$2,723$1,707$1,044$626$361
39 years$4,055$2,589$1,599$963$568$322
40 years$3,910$2,463$1,499$888$515$287
41 years$3,772$2,345$1,406$819$467$255
42 years$3,641$2,233$1,319$756$424$228
43 years$3,517$2,128$1,237$698$385$203
44 years$3,398$2,028$1,162$644$349$181
45 years$3,285$1,934$1,091$595$317$161
46 years$3,177$1,845$1,024$550$288$144
47 years$3,075$1,761$962$508$262$128
48 years$2,976$1,681$904$469$238$114
49 years$2,882$1,605$850$434$216$102
50 years$2,792$1,533$799$401$196$91

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,860,000, adding $2,065 every year, while hoping to spend $38,850 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: 29/49/22 Blend
65$2,860,000$2,860,000$2,860,000$2,860,000
66$3,153,850$3,002,270$2,957,940$3,223,521
67$3,434,207$3,108,045$3,015,695$3,383,268
68$3,741,858$3,217,701$3,074,083$3,551,307
69$4,079,546$3,331,387$3,133,083$3,731,158
70$4,450,293$3,449,259$3,192,675$3,923,862
71$4,857,427$3,571,476$3,252,833$4,130,560
72$5,304,615$3,698,209$3,313,534$4,352,506
73$5,795,895$3,829,631$3,374,747$4,591,072
74$6,335,717$3,965,924$3,436,442$4,847,768
75$6,928,984$4,107,278$3,498,586$5,124,250
76$7,581,095$4,253,889$3,561,144$5,422,336
77$8,298,000$4,405,963$3,624,075$5,744,026
78$9,086,254$4,563,713$3,687,340$6,091,514
79$9,953,079$4,727,362$3,750,892$6,467,212
80$10,906,430$4,897,140$3,814,684$6,873,771
81$11,955,074$5,073,288$3,878,664$7,314,105
82$13,108,670$5,256,057$3,942,778$7,791,417
83$14,377,860$5,445,709$4,006,966$8,309,228
84$15,774,368$5,642,516$4,071,166$8,871,412
85$17,311,114$5,846,759$4,135,311$9,482,228
86$19,002,332$6,058,735$4,199,328$10,146,359
87$20,863,707$6,278,751$4,263,143$10,868,961
88$22,912,522$6,507,126$4,326,675$11,655,701
89$25,167,818$6,744,194$4,389,838$12,512,817
90$27,650,578$6,990,302$4,452,540$13,447,174
91$30,383,923$7,245,813$4,514,686$14,466,323
92$33,393,328$7,511,102$4,576,172$15,578,577
93$36,706,865$7,786,564$4,636,891$16,793,085
94$40,355,466$8,072,606$4,696,728$18,119,917
95$44,373,216$8,369,657$4,755,562$19,570,157
96$48,797,674$8,678,160$4,813,263$21,156,007
97$53,670,226$8,998,579$4,869,696$22,890,902
98$59,036,476$9,331,397$4,924,718$24,789,632
99$64,946,679$9,677,117$4,978,178$26,868,481
100$71,456,209$10,036,265$5,029,917$29,145,381