Can I retire at age 66 with 2,910,000?

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 $2,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$240,305$238,165$236,076$234,038$232,047$226,071
2 years$118,963$116,747$114,600$112,518$110,499$104,517
3 years$78,521$76,296$74,154$72,091$70,105$64,306
4 years$58,304$56,085$53,965$51,938$49,999$44,427
5 years$46,177$43,972$41,879$39,893$38,009$32,678
6 years$38,095$35,906$33,845$31,903$30,075$24,992
7 years$32,324$30,154$28,125$26,229$24,459$19,624
8 years$27,998$25,847$23,852$22,003$20,291$15,702
9 years$24,635$22,505$20,544$18,742$17,088$12,740
10 years$21,946$19,837$17,911$16,156$14,560$10,448
11 years$19,748$17,660$15,768$14,060$12,522$8,641
12 years$17,917$15,850$13,994$12,333$10,851$7,193
13 years$16,369$14,324$12,503$10,888$9,463$6,020
14 years$15,044$13,020$11,234$9,665$8,295$5,061
15 years$13,896$11,894$10,142$8,620$7,303$4,269
16 years$12,892$10,913$9,196$7,718$6,455$3,612
17 years$12,008$10,050$8,368$6,934$5,723$3,064
18 years$11,223$9,287$7,639$6,249$5,089$2,604
19 years$10,521$8,607$6,993$5,647$4,536$2,217
20 years$9,890$7,998$6,418$5,114$4,051$1,890
21 years$9,320$7,450$5,903$4,641$3,626$1,614
22 years$8,803$6,954$5,441$4,220$3,250$1,379
23 years$8,331$6,504$5,023$3,843$2,917$1,180
24 years$7,899$6,094$4,646$3,505$2,622$1,010
25 years$7,502$5,719$4,303$3,201$2,359$865
26 years$7,137$5,375$3,991$2,927$2,125$741
27 years$6,799$5,058$3,706$2,679$1,916$636
28 years$6,486$4,766$3,445$2,455$1,729$545
29 years$6,195$4,497$3,206$2,251$1,561$468
30 years$5,924$4,246$2,986$2,066$1,411$402
31 years$5,670$4,014$2,784$1,897$1,275$345
32 years$5,433$3,798$2,597$1,744$1,154$296
33 years$5,211$3,597$2,425$1,604$1,044$254
34 years$5,003$3,409$2,266$1,475$945$218
35 years$4,807$3,234$2,119$1,358$856$188
36 years$4,622$3,069$1,982$1,251$776$161
37 years$4,447$2,915$1,855$1,152$703$139
38 years$4,282$2,770$1,737$1,062$637$119
39 years$4,126$2,634$1,627$979$578$102
40 years$3,978$2,506$1,525$903$524$88
41 years$3,838$2,386$1,430$834$476$76
42 years$3,705$2,272$1,342$769$432$65
43 years$3,578$2,165$1,259$710$392$56
44 years$3,457$2,064$1,182$656$356$48
45 years$3,343$1,968$1,110$606$323$41
46 years$3,233$1,877$1,042$559$293$35
47 years$3,128$1,791$979$517$266$31
48 years$3,028$1,710$920$477$242$26
49 years$2,933$1,633$865$441$219$23
50 years$2,841$1,560$813$408$199$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,910,000, adding $4,949 every year, while hoping to spend $23,470 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: 49/24/27 Blend
65$2,910,000$2,910,000$2,910,000$2,910,000
66$3,211,925$3,057,695$3,012,590$3,344,467
67$3,514,569$3,182,550$3,088,540$3,562,645
68$3,847,297$3,312,736$3,166,247$3,796,827
69$4,213,151$3,448,491$3,245,747$4,050,800
70$4,615,486$3,590,060$3,327,072$4,326,446
71$5,057,995$3,737,703$3,410,259$4,625,837
72$5,544,750$3,891,689$3,495,342$4,951,248
73$6,080,235$4,052,303$3,582,357$5,305,181
74$6,669,393$4,219,839$3,671,339$5,690,390
75$7,317,667$4,394,607$3,762,325$6,109,903
76$8,031,056$4,576,931$3,855,350$6,567,051
77$8,816,172$4,767,148$3,950,453$7,065,498
78$9,680,297$4,965,614$4,047,668$7,609,277
79$10,631,456$5,172,697$4,147,034$8,202,825
80$11,678,492$5,388,787$4,248,587$8,851,025
81$12,831,148$5,614,288$4,352,365$9,559,251
82$14,100,162$5,849,624$4,458,405$10,333,417
83$15,497,361$6,095,239$4,566,745$11,180,033
84$17,035,784$6,351,597$4,677,423$12,106,267
85$18,729,792$6,619,184$4,790,475$13,120,006
86$20,595,215$6,898,508$4,905,940$14,229,937
87$22,649,493$7,190,101$5,023,855$15,445,622
88$24,911,845$7,494,519$5,144,257$16,777,588
89$27,403,447$7,812,346$5,267,184$18,237,428
90$30,147,637$8,144,189$5,392,673$19,837,908
91$33,170,129$8,490,687$5,520,761$21,593,084
92$36,499,260$8,852,508$5,651,484$23,518,434
93$40,166,253$9,230,350$5,784,877$25,631,007
94$44,205,519$9,624,944$5,920,978$27,949,575
95$48,654,971$10,037,057$6,059,821$30,494,816
96$53,556,394$10,467,488$6,201,440$33,289,502
97$58,955,828$10,917,076$6,345,870$36,358,716
98$64,904,010$11,386,700$6,493,144$39,730,085
99$71,456,848$11,877,279$6,643,295$43,434,040
100$78,675,955$12,389,773$6,796,353$47,504,099