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

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 $2,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$237,828$235,709$233,642$231,625$229,655$220,631
2 years$117,736$115,544$113,419$111,358$109,360$100,378
3 years$77,711$75,509$73,389$71,348$69,382$60,726
4 years$57,703$55,507$53,409$51,402$49,484$41,219
5 years$45,701$43,518$41,447$39,482$37,617$29,765
6 years$37,702$35,536$33,496$31,574$29,765$22,331
7 years$31,991$29,843$27,835$25,959$24,207$17,188
8 years$27,709$25,581$23,606$21,776$20,082$13,471
9 years$24,381$22,273$20,332$18,548$16,912$10,699
10 years$21,720$19,632$17,726$15,989$14,410$8,584
11 years$19,544$17,478$15,606$13,915$12,393$6,940
12 years$17,732$15,687$13,850$12,205$10,739$5,644
13 years$16,200$14,176$12,374$10,776$9,365$4,613
14 years$14,888$12,886$11,118$9,565$8,209$3,785
15 years$13,752$11,772$10,038$8,531$7,228$3,114
16 years$12,759$10,800$9,101$7,638$6,388$2,569
17 years$11,884$9,947$8,281$6,863$5,664$2,124
18 years$11,107$9,191$7,560$6,185$5,036$1,759
19 years$10,413$8,518$6,921$5,589$4,489$1,459
20 years$9,788$7,916$6,351$5,062$4,010$1,211
21 years$9,224$7,373$5,842$4,594$3,588$1,006
22 years$8,712$6,882$5,384$4,177$3,216$837
23 years$8,245$6,437$4,972$3,804$2,887$696
24 years$7,818$6,031$4,598$3,469$2,595$580
25 years$7,425$5,660$4,259$3,168$2,335$483
26 years$7,063$5,319$3,950$2,897$2,103$402
27 years$6,729$5,006$3,668$2,652$1,896$335
28 years$6,419$4,717$3,409$2,429$1,711$279
29 years$6,131$4,450$3,173$2,228$1,545$233
30 years$5,862$4,203$2,955$2,045$1,396$194
31 years$5,612$3,973$2,755$1,878$1,262$162
32 years$5,377$3,759$2,571$1,726$1,142$135
33 years$5,158$3,560$2,400$1,587$1,033$113
34 years$4,951$3,374$2,243$1,460$936$94
35 years$4,757$3,200$2,097$1,344$847$79
36 years$4,574$3,038$1,961$1,238$768$66
37 years$4,401$2,885$1,836$1,141$696$55
38 years$4,238$2,742$1,719$1,051$631$46
39 years$4,084$2,607$1,611$969$572$38
40 years$3,937$2,480$1,510$894$519$32
41 years$3,799$2,361$1,416$825$471$27
42 years$3,667$2,249$1,328$761$427$22
43 years$3,541$2,143$1,246$703$388$18
44 years$3,422$2,042$1,170$649$352$15
45 years$3,308$1,948$1,098$599$319$13
46 years$3,200$1,858$1,031$554$290$11
47 years$3,096$1,773$969$511$263$9
48 years$2,997$1,693$911$473$239$7
49 years$2,902$1,616$856$437$217$6
50 years$2,812$1,544$805$404$197$5

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 $2,618 every year, while hoping to spend $36,884 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: 49/43/8 Blend
65$2,880,000$2,880,000$2,880,000$2,880,000
66$3,176,460$3,023,820$2,979,180$3,325,299
67$3,461,215$3,132,743$3,039,739$3,536,293
68$3,773,779$3,245,767$3,101,089$3,761,216
69$4,116,948$3,363,054$3,163,220$4,004,656
70$4,493,806$3,484,773$3,226,117$4,268,353
71$4,907,747$3,611,099$3,289,765$4,554,217
72$5,362,510$3,742,216$3,354,145$4,864,349
73$5,862,215$3,878,314$3,419,238$5,201,058
74$6,411,401$4,019,592$3,485,022$5,566,882
75$7,015,069$4,166,256$3,551,475$5,964,614
76$7,678,726$4,318,523$3,618,570$6,397,323
77$8,408,442$4,476,616$3,686,277$6,868,384
78$9,210,903$4,640,770$3,754,568$7,381,513
79$10,093,476$4,811,229$3,823,407$7,940,794
80$11,064,279$4,988,247$3,892,759$8,550,722
81$12,132,253$5,172,089$3,962,584$9,216,241
82$13,307,252$5,363,031$4,032,840$9,942,795
83$14,600,132$5,561,360$4,103,481$10,736,371
84$16,022,856$5,767,377$4,174,458$11,603,559
85$17,588,604$5,981,395$4,245,719$12,551,615
86$19,311,897$6,203,739$4,317,206$13,588,521
87$21,208,738$6,434,749$4,388,860$14,723,068
88$23,296,757$6,674,781$4,460,615$15,964,930
89$25,595,384$6,924,202$4,532,403$17,324,759
90$28,126,025$7,183,400$4,604,150$18,814,283
91$30,912,269$7,452,775$4,675,778$20,446,414
92$33,980,107$7,732,748$4,747,204$22,235,370
93$37,358,180$8,023,755$4,818,337$24,196,806
94$41,078,048$8,326,253$4,889,085$26,347,962
95$45,174,487$8,640,717$4,959,347$28,707,822
96$49,685,816$8,967,644$5,029,017$31,297,294
97$54,654,262$9,307,552$5,097,983$34,139,404
98$60,126,356$9,660,980$5,166,123$37,259,511
99$66,153,369$10,028,494$5,233,314$40,685,546
100$72,791,804$10,410,680$5,299,420$44,448,272