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

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 $2,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$240,305$238,165$236,076$234,038$232,047$226,346
2 years$118,963$116,747$114,600$112,518$110,499$104,790
3 years$78,521$76,296$74,154$72,091$70,105$64,567
4 years$58,304$56,085$53,965$51,938$49,999$44,675
5 years$46,177$43,972$41,879$39,893$38,009$32,913
6 years$38,095$35,906$33,845$31,903$30,075$25,213
7 years$32,324$30,154$28,125$26,229$24,459$19,831
8 years$27,998$25,847$23,852$22,003$20,291$15,895
9 years$24,635$22,505$20,544$18,742$17,088$12,920
10 years$21,946$19,837$17,911$16,156$14,560$10,616
11 years$19,748$17,660$15,768$14,060$12,522$8,796
12 years$17,917$15,850$13,994$12,333$10,851$7,337
13 years$16,369$14,324$12,503$10,888$9,463$6,153
14 years$15,044$13,020$11,234$9,665$8,295$5,183
15 years$13,896$11,894$10,142$8,620$7,303$4,381
16 years$12,892$10,913$9,196$7,718$6,455$3,715
17 years$12,008$10,050$8,368$6,934$5,723$3,158
18 years$11,223$9,287$7,639$6,249$5,089$2,690
19 years$10,521$8,607$6,993$5,647$4,536$2,296
20 years$9,890$7,998$6,418$5,114$4,051$1,962
21 years$9,320$7,450$5,903$4,641$3,626$1,679
22 years$8,803$6,954$5,441$4,220$3,250$1,438
23 years$8,331$6,504$5,023$3,843$2,917$1,233
24 years$7,899$6,094$4,646$3,505$2,622$1,058
25 years$7,502$5,719$4,303$3,201$2,359$908
26 years$7,137$5,375$3,991$2,927$2,125$780
27 years$6,799$5,058$3,706$2,679$1,916$671
28 years$6,486$4,766$3,445$2,455$1,729$577
29 years$6,195$4,497$3,206$2,251$1,561$496
30 years$5,924$4,246$2,986$2,066$1,411$427
31 years$5,670$4,014$2,784$1,897$1,275$367
32 years$5,433$3,798$2,597$1,744$1,154$316
33 years$5,211$3,597$2,425$1,604$1,044$272
34 years$5,003$3,409$2,266$1,475$945$234
35 years$4,807$3,234$2,119$1,358$856$202
36 years$4,622$3,069$1,982$1,251$776$174
37 years$4,447$2,915$1,855$1,152$703$150
38 years$4,282$2,770$1,737$1,062$637$129
39 years$4,126$2,634$1,627$979$578$111
40 years$3,978$2,506$1,525$903$524$96
41 years$3,838$2,386$1,430$834$476$83
42 years$3,705$2,272$1,342$769$432$71
43 years$3,578$2,165$1,259$710$392$61
44 years$3,457$2,064$1,182$656$356$53
45 years$3,343$1,968$1,110$606$323$46
46 years$3,233$1,877$1,042$559$293$39
47 years$3,128$1,791$979$517$266$34
48 years$3,028$1,710$920$477$242$29
49 years$2,933$1,633$865$441$219$25
50 years$2,841$1,560$813$408$199$22

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 $2,904 every year, while hoping to spend $45,367 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: 50/32/18 Blend
65$2,910,000$2,910,000$2,910,000$2,910,000
66$3,209,815$3,055,585$3,010,480$3,354,129
67$3,488,947$3,157,039$3,063,061$3,555,495
68$3,795,028$3,261,943$3,115,883$3,769,298
69$4,130,762$3,370,419$3,168,906$4,000,678
70$4,499,123$3,482,593$3,222,088$4,251,311
71$4,903,388$3,598,595$3,275,382$4,523,036
72$5,347,167$3,718,559$3,328,741$4,817,879
73$5,834,435$3,842,626$3,382,111$5,138,068
74$6,369,574$3,970,940$3,435,438$5,486,055
75$6,957,407$4,103,653$3,488,661$5,864,539
76$7,603,250$4,240,920$3,541,720$6,276,489
77$8,312,960$4,382,903$3,594,545$6,725,173
78$9,092,987$4,529,770$3,647,067$7,214,189
79$9,950,437$4,681,695$3,699,210$7,747,498
80$10,893,142$4,838,858$3,750,893$8,329,460
81$11,929,726$5,001,446$3,802,033$8,964,875
82$13,069,696$5,169,654$3,852,538$9,659,028
83$14,323,520$5,343,683$3,902,314$10,417,739
84$15,702,738$5,523,742$3,951,260$11,247,417
85$17,220,059$5,710,048$3,999,269$12,155,119
86$18,889,490$5,902,825$4,046,230$13,148,616
87$20,726,463$6,102,307$4,092,022$14,236,469
88$22,747,979$6,308,737$4,136,522$15,428,102
89$24,972,773$6,522,366$4,179,596$16,733,899
90$27,421,488$6,743,454$4,221,104$18,165,297
91$30,116,869$6,972,272$4,260,901$19,734,890
92$33,083,978$7,209,102$4,298,829$21,456,555
93$36,350,430$7,454,235$4,334,727$23,345,575
94$39,946,655$7,707,974$4,368,421$25,418,786
95$43,906,183$7,970,633$4,399,732$27,694,735
96$48,265,958$8,242,539$4,428,468$30,193,854
97$53,066,693$8,524,030$4,454,429$32,938,651
98$58,353,248$8,815,460$4,477,404$35,953,924
99$64,175,054$9,117,192$4,497,172$39,266,992
100$70,586,583$9,429,608$4,513,501$42,907,951