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%12.2%
1 years$236,176$234,072$232,020$230,017$228,060$225,961
2 years$116,919$114,741$112,631$110,585$108,600$106,485
3 years$77,172$74,985$72,880$70,853$68,900$66,835
4 years$57,302$55,122$53,038$51,045$49,140$47,140
5 years$45,383$43,216$41,159$39,208$37,356$35,427
6 years$37,440$35,289$33,263$31,355$29,558$27,704
7 years$31,769$29,636$27,642$25,779$24,039$22,259
8 years$27,517$25,403$23,442$21,625$19,943$18,238
9 years$24,212$22,118$20,191$18,420$16,794$15,164
10 years$21,569$19,496$17,603$15,878$14,310$12,752
11 years$19,408$17,356$15,497$13,819$12,307$10,821
12 years$17,609$15,578$13,753$12,121$10,665$9,250
13 years$16,088$14,078$12,288$10,701$9,300$7,954
14 years$14,785$12,796$11,041$9,499$8,152$6,873
15 years$13,657$11,690$9,968$8,471$7,178$5,964
16 years$12,671$10,725$9,038$7,585$6,344$5,194
17 years$11,802$9,878$8,224$6,815$5,625$4,536
18 years$11,030$9,127$7,507$6,142$5,001$3,972
19 years$10,340$8,459$6,873$5,550$4,458$3,485
20 years$9,720$7,861$6,307$5,026$3,982$3,064
21 years$9,160$7,322$5,802$4,562$3,563$2,698
22 years$8,651$6,835$5,347$4,148$3,194$2,380
23 years$8,188$6,392$4,937$3,777$2,867$2,101
24 years$7,763$5,989$4,566$3,445$2,577$1,857
25 years$7,374$5,621$4,229$3,146$2,319$1,643
26 years$7,014$5,282$3,922$2,877$2,089$1,455
27 years$6,682$4,971$3,642$2,633$1,883$1,290
28 years$6,374$4,684$3,386$2,413$1,699$1,144
29 years$6,088$4,419$3,151$2,212$1,534$1,015
30 years$5,822$4,174$2,935$2,030$1,386$901
31 years$5,573$3,945$2,736$1,865$1,253$800
32 years$5,340$3,733$2,553$1,714$1,134$711
33 years$5,122$3,535$2,384$1,576$1,026$632
34 years$4,917$3,351$2,227$1,450$929$562
35 years$4,724$3,178$2,082$1,335$841$499
36 years$4,542$3,016$1,948$1,229$762$444
37 years$4,371$2,865$1,823$1,133$691$395
38 years$4,209$2,723$1,707$1,044$626$352
39 years$4,055$2,589$1,599$963$568$313
40 years$3,910$2,463$1,499$888$515$279
41 years$3,772$2,345$1,406$819$467$248
42 years$3,641$2,233$1,319$756$424$221
43 years$3,517$2,128$1,237$698$385$197
44 years$3,398$2,028$1,162$644$349$175
45 years$3,285$1,934$1,091$595$317$156
46 years$3,177$1,845$1,024$550$288$139
47 years$3,075$1,761$962$508$262$124
48 years$2,976$1,681$904$469$238$110
49 years$2,882$1,605$850$434$216$98
50 years$2,792$1,533$799$401$196$88

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 $4,480 every year, while hoping to spend $35,778 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: 26/45/29 Blend
65$2,860,000$2,860,000$2,860,000$2,860,000
66$3,156,341$3,004,761$2,960,431$3,209,769
67$3,440,220$3,113,927$3,021,538$3,363,440
68$3,751,856$3,227,243$3,083,493$3,524,859
69$4,094,042$3,344,874$3,146,286$3,697,323
70$4,469,855$3,466,993$3,209,908$3,881,790
71$4,882,685$3,593,781$3,274,344$4,079,313
72$5,336,266$3,725,423$3,339,582$4,291,046
73$5,834,711$3,862,115$3,405,604$4,518,256
74$6,382,554$4,004,062$3,472,395$4,762,332
75$6,984,787$4,151,473$3,539,932$5,024,799
76$7,646,911$4,304,571$3,608,196$5,307,329
77$8,374,987$4,463,585$3,677,161$5,611,763
78$9,175,691$4,628,756$3,746,801$5,940,117
79$10,056,380$4,800,334$3,817,088$6,294,609
80$11,025,160$4,978,580$3,887,989$6,677,676
81$12,090,960$5,163,764$3,959,471$7,091,995
82$13,263,622$5,356,172$4,031,496$7,540,507
83$14,553,985$5,556,098$4,104,025$8,026,446
84$15,973,995$5,763,851$4,177,014$8,553,368
85$17,536,815$5,979,752$4,250,417$9,125,182
86$19,256,948$6,204,137$4,324,183$9,746,186
87$21,150,372$6,437,355$4,398,258$10,421,108
88$23,234,695$6,679,771$4,472,585$11,155,147
89$25,529,320$6,931,766$4,547,103$11,954,025
90$28,055,624$7,193,735$4,621,744$12,824,034
91$30,837,163$7,466,095$4,696,438$13,772,098
92$33,899,896$7,749,275$4,771,111$14,805,835
93$37,272,423$8,043,728$4,845,681$15,933,629
94$40,986,263$8,349,923$4,920,064$17,164,708
95$45,076,144$8,668,351$4,994,168$18,509,227
96$49,580,335$8,999,525$5,067,898$19,978,362
97$54,541,006$9,343,979$5,141,149$21,584,420
98$60,004,625$9,702,270$5,213,814$23,340,943
99$66,022,397$10,074,981$5,285,777$25,262,845
100$72,650,747$10,462,720$5,356,915$27,366,541