Can I retire at age 66 with 2,870,000?

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 $2,870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$237,002$234,891$232,831$230,821$228,858$223,871
2 years$117,328$115,143$113,025$110,972$108,980$103,981
3 years$77,441$75,247$73,135$71,101$69,141$64,286
4 years$57,502$55,314$53,223$51,224$49,312$44,638
5 years$45,542$43,367$41,303$39,345$37,486$33,007
6 years$37,571$35,413$33,379$31,464$29,662$25,381
7 years$31,880$29,739$27,738$25,869$24,123$20,043
8 years$27,613$25,492$23,524$21,701$20,012$16,130
9 years$24,296$22,196$20,261$18,484$16,853$13,167
10 years$21,645$19,564$17,664$15,933$14,360$10,866
11 years$19,476$17,417$15,551$13,867$12,350$9,043
12 years$17,671$15,632$13,802$12,163$10,702$7,578
13 years$16,144$14,127$12,331$10,738$9,332$6,385
14 years$14,837$12,841$11,079$9,532$8,181$5,404
15 years$13,705$11,731$10,003$8,501$7,203$4,591
16 years$12,715$10,763$9,069$7,612$6,366$3,912
17 years$11,843$9,912$8,253$6,839$5,645$3,342
18 years$11,068$9,159$7,534$6,163$5,019$2,862
19 years$10,376$8,489$6,897$5,569$4,473$2,455
20 years$9,754$7,888$6,329$5,044$3,996$2,109
21 years$9,192$7,347$5,822$4,578$3,576$1,814
22 years$8,682$6,859$5,366$4,162$3,205$1,562
23 years$8,216$6,415$4,954$3,791$2,877$1,347
24 years$7,791$6,010$4,582$3,457$2,586$1,162
25 years$7,399$5,640$4,244$3,157$2,327$1,003
26 years$7,039$5,301$3,936$2,887$2,096$867
27 years$6,706$4,989$3,655$2,642$1,890$749
28 years$6,397$4,701$3,398$2,421$1,705$648
29 years$6,110$4,435$3,162$2,220$1,540$561
30 years$5,842$4,188$2,945$2,038$1,391$485
31 years$5,592$3,959$2,746$1,871$1,258$420
32 years$5,359$3,746$2,562$1,720$1,138$364
33 years$5,140$3,548$2,392$1,581$1,030$315
34 years$4,934$3,362$2,235$1,455$932$273
35 years$4,741$3,189$2,089$1,340$844$236
36 years$4,558$3,027$1,955$1,234$765$205
37 years$4,386$2,875$1,829$1,137$693$178
38 years$4,224$2,732$1,713$1,048$629$154
39 years$4,070$2,598$1,605$966$570$133
40 years$3,924$2,472$1,504$891$517$116
41 years$3,785$2,353$1,411$822$469$100
42 years$3,654$2,241$1,323$759$426$87
43 years$3,529$2,135$1,242$700$386$75
44 years$3,410$2,035$1,166$647$351$65
45 years$3,297$1,941$1,094$597$318$57
46 years$3,188$1,851$1,028$552$289$49
47 years$3,085$1,767$966$510$262$43
48 years$2,987$1,687$907$471$238$37
49 years$2,892$1,611$853$435$216$32
50 years$2,802$1,539$802$402$197$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,870,000, adding $6,494 every year, while hoping to spend $24,800 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: 45/50/5 Blend
65$2,870,000$2,870,000$2,870,000$2,870,000
66$3,169,439$3,017,329$2,972,844$3,307,452
67$3,466,334$3,138,791$3,046,047$3,524,557
68$3,792,682$3,265,373$3,120,871$3,756,712
69$4,151,460$3,397,301$3,197,345$4,007,840
70$4,545,949$3,534,809$3,275,496$4,279,692
71$4,979,764$3,678,142$3,355,353$4,574,191
72$5,456,887$3,827,558$3,436,944$4,893,449
73$5,981,705$3,983,324$3,520,298$5,239,784
74$6,559,054$4,145,722$3,605,443$5,615,741
75$7,194,260$4,315,045$3,692,407$6,024,117
76$7,893,192$4,491,599$3,781,220$6,467,986
77$8,662,315$4,675,706$3,871,909$6,950,724
78$9,508,756$4,867,700$3,964,503$7,476,042
79$10,440,365$5,067,933$4,059,030$8,048,018
80$11,465,792$5,276,772$4,155,517$8,671,136
81$12,594,569$5,494,599$4,253,992$9,350,325
82$13,837,197$5,721,817$4,354,484$10,091,006
83$15,205,251$5,958,846$4,457,018$10,899,139
84$16,711,480$6,206,123$4,561,622$11,781,278
85$18,369,937$6,464,109$4,668,322$12,744,636
86$20,196,103$6,733,283$4,777,144$13,797,142
87$22,207,040$7,014,148$4,888,113$14,947,522
88$24,421,548$7,307,231$5,001,254$16,205,376
89$26,860,340$7,613,080$5,116,591$17,581,266
90$29,546,245$7,932,271$5,234,147$19,086,815
91$32,504,417$8,265,407$5,353,945$20,734,815
92$35,762,571$8,613,116$5,476,006$22,539,341
93$39,351,253$8,976,058$5,600,352$24,515,887
94$43,304,119$9,354,923$5,727,002$26,681,507
95$47,658,257$9,750,432$5,855,974$29,054,971
96$52,454,536$10,163,340$5,987,286$31,656,944
97$57,737,992$10,594,438$6,120,954$34,510,176
98$63,558,254$11,044,551$6,256,992$37,639,709
99$69,970,008$11,514,546$6,395,414$41,073,120
100$77,033,518$12,005,329$6,536,230$44,840,769