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%11.8%
1 years$236,176$234,072$232,020$230,017$228,060$226,339
2 years$116,919$114,741$112,631$110,585$108,600$106,864
3 years$77,172$74,985$72,880$70,853$68,900$67,204
4 years$57,302$55,122$53,038$51,045$49,140$47,497
5 years$45,383$43,216$41,159$39,208$37,356$35,770
6 years$37,440$35,289$33,263$31,355$29,558$28,032
7 years$31,769$29,636$27,642$25,779$24,039$22,573
8 years$27,517$25,403$23,442$21,625$19,943$18,537
9 years$24,212$22,118$20,191$18,420$16,794$15,449
10 years$21,569$19,496$17,603$15,878$14,310$13,023
11 years$19,408$17,356$15,497$13,819$12,307$11,078
12 years$17,609$15,578$13,753$12,121$10,665$9,493
13 years$16,088$14,078$12,288$10,701$9,300$8,184
14 years$14,785$12,796$11,041$9,499$8,152$7,091
15 years$13,657$11,690$9,968$8,471$7,178$6,170
16 years$12,671$10,725$9,038$7,585$6,344$5,387
17 years$11,802$9,878$8,224$6,815$5,625$4,718
18 years$11,030$9,127$7,507$6,142$5,001$4,143
19 years$10,340$8,459$6,873$5,550$4,458$3,646
20 years$9,720$7,861$6,307$5,026$3,982$3,215
21 years$9,160$7,322$5,802$4,562$3,563$2,840
22 years$8,651$6,835$5,347$4,148$3,194$2,512
23 years$8,188$6,392$4,937$3,777$2,867$2,224
24 years$7,763$5,989$4,566$3,445$2,577$1,972
25 years$7,374$5,621$4,229$3,146$2,319$1,751
26 years$7,014$5,282$3,922$2,877$2,089$1,555
27 years$6,682$4,971$3,642$2,633$1,883$1,382
28 years$6,374$4,684$3,386$2,413$1,699$1,230
29 years$6,088$4,419$3,151$2,212$1,534$1,095
30 years$5,822$4,174$2,935$2,030$1,386$975
31 years$5,573$3,945$2,736$1,865$1,253$869
32 years$5,340$3,733$2,553$1,714$1,134$774
33 years$5,122$3,535$2,384$1,576$1,026$690
34 years$4,917$3,351$2,227$1,450$929$616
35 years$4,724$3,178$2,082$1,335$841$550
36 years$4,542$3,016$1,948$1,229$762$491
37 years$4,371$2,865$1,823$1,133$691$438
38 years$4,209$2,723$1,707$1,044$626$391
39 years$4,055$2,589$1,599$963$568$349
40 years$3,910$2,463$1,499$888$515$312
41 years$3,772$2,345$1,406$819$467$279
42 years$3,641$2,233$1,319$756$424$249
43 years$3,517$2,128$1,237$698$385$222
44 years$3,398$2,028$1,162$644$349$199
45 years$3,285$1,934$1,091$595$317$178
46 years$3,177$1,845$1,024$550$288$159
47 years$3,075$1,761$962$508$262$142
48 years$2,976$1,681$904$469$238$127
49 years$2,882$1,605$850$434$216$113
50 years$2,792$1,533$799$401$196$101

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 $6,311 every year, while hoping to spend $59,187 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: 83/11/6 Blend
65$2,860,000$2,860,000$2,860,000$2,860,000
66$3,158,230$3,006,650$2,962,320$3,418,738
67$3,417,395$3,091,001$2,998,583$3,674,164
68$3,701,011$3,177,502$3,034,077$3,945,942
69$4,011,509$3,266,195$3,068,715$4,242,513
70$4,351,568$3,357,124$3,102,401$4,566,327
71$4,724,136$3,450,331$3,135,040$4,920,079
72$5,132,460$3,545,859$3,166,526$5,306,739
73$5,580,117$3,643,752$3,196,750$5,729,576
74$6,071,045$3,744,052$3,225,597$6,192,191
75$6,609,583$3,846,802$3,252,947$6,698,549
76$7,200,510$3,952,045$3,278,670$7,253,019
77$7,849,089$4,059,822$3,302,632$7,860,412
78$8,561,118$4,170,175$3,324,692$8,526,027
79$9,342,984$4,283,145$3,344,701$9,255,702
80$10,201,722$4,398,773$3,362,502$10,055,866
81$11,145,082$4,517,098$3,377,931$10,933,604
82$12,181,603$4,638,158$3,390,814$11,896,718
83$13,320,691$4,761,991$3,400,970$12,953,806
84$14,572,707$4,888,635$3,408,208$14,114,337
85$15,949,067$5,018,122$3,412,328$15,388,745
86$17,462,350$5,150,488$3,413,119$16,788,526
87$19,126,412$5,285,764$3,410,360$18,326,345
88$20,956,519$5,423,980$3,403,820$20,016,154
89$22,969,493$5,565,164$3,393,257$21,873,326
90$25,183,865$5,709,341$3,378,415$23,914,802
91$27,620,055$5,856,534$3,359,028$26,159,243
92$30,300,561$6,006,765$3,334,815$28,627,212
93$33,250,171$6,160,049$3,305,484$31,341,367
94$36,496,198$6,316,401$3,270,728$34,326,674
95$40,068,737$6,475,831$3,230,224$37,610,639
96$44,000,948$6,638,346$3,183,636$41,223,574
97$48,329,367$6,803,949$3,130,611$45,198,876
98$53,094,256$6,972,635$3,070,780$49,573,347
99$58,339,976$7,144,400$3,003,756$54,387,538
100$64,115,407$7,319,229$2,929,135$59,686,132