Can I retire at age 66 with 2,880,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$237,828$235,709$233,642$231,625$229,655$223,469
2 years$117,736$115,544$113,419$111,358$109,360$103,171
3 years$77,711$75,509$73,389$71,348$69,382$63,385
4 years$57,703$55,507$53,409$51,402$49,484$43,725
5 years$45,701$43,518$41,447$39,482$37,617$32,111
6 years$37,702$35,536$33,496$31,574$29,765$24,518
7 years$31,991$29,843$27,835$25,959$24,207$19,219
8 years$27,709$25,581$23,606$21,776$20,082$15,351
9 years$24,381$22,273$20,332$18,548$16,912$12,433
10 years$21,720$19,632$17,726$15,989$14,410$10,177
11 years$19,544$17,478$15,606$13,915$12,393$8,400
12 years$17,732$15,687$13,850$12,205$10,739$6,979
13 years$16,200$14,176$12,374$10,776$9,365$5,830
14 years$14,888$12,886$11,118$9,565$8,209$4,890
15 years$13,752$11,772$10,038$8,531$7,228$4,117
16 years$12,759$10,800$9,101$7,638$6,388$3,476
17 years$11,884$9,947$8,281$6,863$5,664$2,942
18 years$11,107$9,191$7,560$6,185$5,036$2,495
19 years$10,413$8,518$6,921$5,589$4,489$2,119
20 years$9,788$7,916$6,351$5,062$4,010$1,803
21 years$9,224$7,373$5,842$4,594$3,588$1,536
22 years$8,712$6,882$5,384$4,177$3,216$1,309
23 years$8,245$6,437$4,972$3,804$2,887$1,117
24 years$7,818$6,031$4,598$3,469$2,595$954
25 years$7,425$5,660$4,259$3,168$2,335$815
26 years$7,063$5,319$3,950$2,897$2,103$697
27 years$6,729$5,006$3,668$2,652$1,896$596
28 years$6,419$4,717$3,409$2,429$1,711$510
29 years$6,131$4,450$3,173$2,228$1,545$437
30 years$5,862$4,203$2,955$2,045$1,396$374
31 years$5,612$3,973$2,755$1,878$1,262$320
32 years$5,377$3,759$2,571$1,726$1,142$274
33 years$5,158$3,560$2,400$1,587$1,033$235
34 years$4,951$3,374$2,243$1,460$936$201
35 years$4,757$3,200$2,097$1,344$847$173
36 years$4,574$3,038$1,961$1,238$768$148
37 years$4,401$2,885$1,836$1,141$696$127
38 years$4,238$2,742$1,719$1,051$631$109
39 years$4,084$2,607$1,611$969$572$93
40 years$3,937$2,480$1,510$894$519$80
41 years$3,799$2,361$1,416$825$471$68
42 years$3,667$2,249$1,328$761$427$59
43 years$3,541$2,143$1,246$703$388$50
44 years$3,422$2,042$1,170$649$352$43
45 years$3,308$1,948$1,098$599$319$37
46 years$3,200$1,858$1,031$554$290$32
47 years$3,096$1,773$969$511$263$27
48 years$2,997$1,693$911$473$239$23
49 years$2,902$1,616$856$437$217$20
50 years$2,812$1,544$805$404$197$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,880,000, adding $6,052 every year, while hoping to spend $55,323 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: 76/14/10 Blend
65$2,880,000$2,880,000$2,880,000$2,880,000
66$3,180,003$3,027,363$2,982,723$3,415,631
67$3,445,500$3,116,840$3,023,781$3,661,086
68$3,736,223$3,208,848$3,064,360$3,922,441
69$4,054,688$3,303,451$3,104,386$4,207,360
70$4,403,663$3,400,718$3,143,780$4,518,163
71$4,786,199$3,500,715$3,182,459$4,857,406
72$5,205,654$3,603,513$3,220,334$5,227,903
73$5,665,729$3,709,183$3,257,313$5,632,755
74$6,170,498$3,817,797$3,293,297$6,075,375
75$6,724,449$3,929,430$3,328,184$6,559,523
76$7,332,527$4,044,156$3,361,862$7,089,338
77$8,000,178$4,162,053$3,394,217$7,669,382
78$8,733,401$4,283,198$3,425,128$8,304,679
79$9,538,804$4,407,672$3,454,467$9,000,762
80$10,423,669$4,535,554$3,482,098$9,763,726
81$11,396,015$4,666,928$3,507,880$10,600,286
82$12,464,677$4,801,876$3,531,663$11,517,840
83$13,639,391$4,940,485$3,553,290$12,524,537
84$14,930,880$5,082,840$3,572,596$13,629,353
85$16,350,959$5,229,029$3,589,408$14,842,181
86$17,912,646$5,379,140$3,603,542$16,173,915
87$19,630,283$5,533,265$3,614,808$17,636,562
88$21,519,670$5,691,494$3,623,003$19,243,349
89$23,598,219$5,853,919$3,627,916$21,008,849
90$25,885,112$6,020,636$3,629,325$22,949,119
91$28,401,483$6,191,737$3,626,998$25,081,850
92$31,170,622$6,367,319$3,620,689$27,426,535
93$34,218,186$6,547,478$3,610,143$30,004,652
94$37,572,449$6,732,313$3,595,091$32,839,868
95$41,264,563$6,921,920$3,575,251$35,958,259
96$45,328,854$7,116,400$3,550,327$39,388,557
97$49,803,145$7,315,851$3,520,011$43,162,423
98$54,729,112$7,520,374$3,483,977$47,314,743
99$60,152,678$7,730,069$3,441,887$51,883,960
100$66,124,445$7,945,037$3,393,385$56,912,431