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%17.4%
1 years$236,176$234,072$232,020$230,017$228,060$221,203
2 years$116,919$114,741$112,631$110,585$108,600$101,749
3 years$77,172$74,985$72,880$70,853$68,900$62,271
4 years$57,302$55,122$53,038$51,045$49,140$42,783
5 years$45,383$43,216$41,159$39,208$37,356$31,287
6 years$37,440$35,289$33,263$31,355$29,558$23,785
7 years$31,769$29,636$27,642$25,779$24,039$18,560
8 years$27,517$25,403$23,442$21,625$19,943$14,755
9 years$24,212$22,118$20,191$18,420$16,794$11,892
10 years$21,569$19,496$17,603$15,878$14,310$9,686
11 years$19,408$17,356$15,497$13,819$12,307$7,954
12 years$17,609$15,578$13,753$12,121$10,665$6,574
13 years$16,088$14,078$12,288$10,701$9,300$5,461
14 years$14,785$12,796$11,041$9,499$8,152$4,556
15 years$13,657$11,690$9,968$8,471$7,178$3,814
16 years$12,671$10,725$9,038$7,585$6,344$3,201
17 years$11,802$9,878$8,224$6,815$5,625$2,694
18 years$11,030$9,127$7,507$6,142$5,001$2,271
19 years$10,340$8,459$6,873$5,550$4,458$1,918
20 years$9,720$7,861$6,307$5,026$3,982$1,621
21 years$9,160$7,322$5,802$4,562$3,563$1,373
22 years$8,651$6,835$5,347$4,148$3,194$1,163
23 years$8,188$6,392$4,937$3,777$2,867$986
24 years$7,763$5,989$4,566$3,445$2,577$837
25 years$7,374$5,621$4,229$3,146$2,319$711
26 years$7,014$5,282$3,922$2,877$2,089$604
27 years$6,682$4,971$3,642$2,633$1,883$513
28 years$6,374$4,684$3,386$2,413$1,699$436
29 years$6,088$4,419$3,151$2,212$1,534$371
30 years$5,822$4,174$2,935$2,030$1,386$315
31 years$5,573$3,945$2,736$1,865$1,253$268
32 years$5,340$3,733$2,553$1,714$1,134$228
33 years$5,122$3,535$2,384$1,576$1,026$194
34 years$4,917$3,351$2,227$1,450$929$165
35 years$4,724$3,178$2,082$1,335$841$141
36 years$4,542$3,016$1,948$1,229$762$120
37 years$4,371$2,865$1,823$1,133$691$102
38 years$4,209$2,723$1,707$1,044$626$87
39 years$4,055$2,589$1,599$963$568$74
40 years$3,910$2,463$1,499$888$515$63
41 years$3,772$2,345$1,406$819$467$54
42 years$3,641$2,233$1,319$756$424$46
43 years$3,517$2,128$1,237$698$385$39
44 years$3,398$2,028$1,162$644$349$33
45 years$3,285$1,934$1,091$595$317$28
46 years$3,177$1,845$1,024$550$288$24
47 years$3,075$1,761$962$508$262$20
48 years$2,976$1,681$904$469$238$17
49 years$2,882$1,605$850$434$216$15
50 years$2,792$1,533$799$401$196$13

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 $3,522 every year, while hoping to spend $30,782 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: 44/29/27 Blend
65$2,860,000$2,860,000$2,860,000$2,860,000
66$3,155,353$3,003,773$2,959,443$3,269,316
67$3,444,447$3,118,206$3,025,832$3,465,308
68$3,761,997$3,237,215$3,093,414$3,674,414
69$4,110,873$3,360,990$3,162,196$3,900,497
70$4,494,237$3,489,734$3,232,184$4,145,151
71$4,915,572$3,623,653$3,303,385$4,410,133
72$5,378,714$3,762,966$3,375,803$4,697,370
73$5,887,893$3,907,901$3,449,442$5,008,981
74$6,447,765$4,058,695$3,524,305$5,347,300
75$7,063,462$4,215,597$3,600,394$5,714,890
76$7,740,638$4,378,864$3,677,710$6,114,571
77$8,485,522$4,548,767$3,756,253$6,549,447
78$9,304,978$4,725,589$3,836,020$7,022,930
79$10,206,567$4,909,624$3,917,007$7,538,776
80$11,198,621$5,101,180$3,999,211$8,101,117
81$12,290,320$5,300,578$4,082,625$8,714,500
82$13,491,781$5,508,154$4,167,241$9,383,931
83$14,814,147$5,724,259$4,253,048$10,114,917
84$16,269,700$5,949,258$4,340,036$10,913,522
85$17,871,972$6,183,534$4,428,189$11,786,419
86$19,635,873$6,427,486$4,517,493$12,740,954
87$21,577,831$6,681,533$4,607,929$13,785,217
88$23,715,951$6,946,109$4,699,476$14,928,112
89$26,070,181$7,221,671$4,792,110$16,179,443
90$28,662,501$7,508,694$4,885,808$17,550,007
91$31,517,132$7,807,676$4,980,538$19,051,692
92$34,660,763$8,119,136$5,076,270$20,697,587
93$38,122,805$8,443,618$5,172,969$22,502,108
94$41,935,665$8,781,689$5,270,597$24,481,132
95$46,135,052$9,133,941$5,369,112$26,652,142
96$50,760,319$9,500,995$5,468,469$29,034,396
97$55,854,827$9,883,499$5,568,617$31,649,101
98$61,466,358$10,282,130$5,669,505$34,519,618
99$67,647,568$10,697,596$5,771,075$37,671,678
100$74,456,478$11,130,636$5,873,264$41,133,622