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%13.5%
1 years$240,305$238,165$236,076$234,038$232,047$228,674
2 years$118,963$116,747$114,600$112,518$110,499$107,107
3 years$78,521$76,296$74,154$72,091$70,105$66,801
4 years$58,304$56,085$53,965$51,938$49,999$46,808
5 years$46,177$43,972$41,879$39,893$38,009$34,939
6 years$38,095$35,906$33,845$31,903$30,075$27,131
7 years$32,324$30,154$28,125$26,229$24,459$21,642
8 years$27,998$25,847$23,852$22,003$20,291$17,600
9 years$24,635$22,505$20,544$18,742$17,088$14,522
10 years$21,946$19,837$17,911$16,156$14,560$12,117
11 years$19,748$17,660$15,768$14,060$12,522$10,199
12 years$17,917$15,850$13,994$12,333$10,851$8,646
13 years$16,369$14,324$12,503$10,888$9,463$7,372
14 years$15,044$13,020$11,234$9,665$8,295$6,316
15 years$13,896$11,894$10,142$8,620$7,303$5,433
16 years$12,892$10,913$9,196$7,718$6,455$4,688
17 years$12,008$10,050$8,368$6,934$5,723$4,057
18 years$11,223$9,287$7,639$6,249$5,089$3,520
19 years$10,521$8,607$6,993$5,647$4,536$3,060
20 years$9,890$7,998$6,418$5,114$4,051$2,664
21 years$9,320$7,450$5,903$4,641$3,626$2,324
22 years$8,803$6,954$5,441$4,220$3,250$2,029
23 years$8,331$6,504$5,023$3,843$2,917$1,774
24 years$7,899$6,094$4,646$3,505$2,622$1,552
25 years$7,502$5,719$4,303$3,201$2,359$1,359
26 years$7,137$5,375$3,991$2,927$2,125$1,192
27 years$6,799$5,058$3,706$2,679$1,916$1,045
28 years$6,486$4,766$3,445$2,455$1,729$917
29 years$6,195$4,497$3,206$2,251$1,561$805
30 years$5,924$4,246$2,986$2,066$1,411$707
31 years$5,670$4,014$2,784$1,897$1,275$621
32 years$5,433$3,798$2,597$1,744$1,154$546
33 years$5,211$3,597$2,425$1,604$1,044$480
34 years$5,003$3,409$2,266$1,475$945$422
35 years$4,807$3,234$2,119$1,358$856$371
36 years$4,622$3,069$1,982$1,251$776$327
37 years$4,447$2,915$1,855$1,152$703$288
38 years$4,282$2,770$1,737$1,062$637$253
39 years$4,126$2,634$1,627$979$578$223
40 years$3,978$2,506$1,525$903$524$196
41 years$3,838$2,386$1,430$834$476$173
42 years$3,705$2,272$1,342$769$432$152
43 years$3,578$2,165$1,259$710$392$134
44 years$3,457$2,064$1,182$656$356$118
45 years$3,343$1,968$1,110$606$323$104
46 years$3,233$1,877$1,042$559$293$91
47 years$3,128$1,791$979$517$266$81
48 years$3,028$1,710$920$477$242$71
49 years$2,933$1,633$865$441$219$62
50 years$2,841$1,560$813$408$199$55

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 $4,062 every year, while hoping to spend $45,700 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: 52/43/5 Blend
65$2,910,000$2,910,000$2,910,000$2,910,000
66$3,211,010$3,056,780$3,011,675$3,374,170
67$3,489,909$3,157,938$3,063,942$3,586,322
68$3,795,723$3,262,521$3,116,428$3,811,569
69$4,131,151$3,370,648$3,169,092$4,055,396
70$4,499,162$3,482,444$3,221,891$4,319,562
71$4,903,030$3,598,037$3,274,777$4,605,995
72$5,346,359$3,717,560$3,327,702$4,916,819
73$5,833,118$3,841,151$3,380,610$5,254,370
74$6,367,682$3,968,954$3,433,447$5,621,214
75$6,954,868$4,101,115$3,486,150$6,020,177
76$7,599,984$4,237,789$3,538,655$6,454,366
77$8,308,878$4,379,136$3,590,895$6,927,200
78$9,087,989$4,525,320$3,642,797$7,442,442
79$9,944,416$4,676,512$3,694,282$8,004,231
80$10,885,976$4,832,891$3,745,270$8,617,124
81$11,921,283$4,994,640$3,795,674$9,286,134
82$13,059,827$5,161,950$3,845,402$10,016,783
83$14,312,063$5,335,020$3,894,357$10,815,146
84$15,689,512$5,514,054$3,942,436$11,687,911
85$17,204,865$5,699,266$3,989,531$12,642,443
86$18,872,108$5,890,876$4,035,526$13,686,849
87$20,706,648$6,089,114$4,080,302$14,830,056
88$22,725,463$6,294,218$4,123,729$16,081,894
89$24,947,260$6,506,434$4,165,673$17,453,187
90$27,392,649$6,726,018$4,205,992$18,955,854
91$30,084,343$6,953,237$4,244,537$20,603,022
92$33,047,365$7,188,364$4,281,148$22,409,147
93$36,309,289$7,431,687$4,315,659$24,390,152
94$39,900,499$7,683,503$4,347,897$26,563,571
95$43,854,474$7,944,119$4,377,675$28,948,720
96$48,208,105$8,213,854$4,404,801$31,566,872
97$53,002,040$8,493,042$4,429,071$34,441,462
98$58,281,074$8,782,026$4,450,270$37,598,301
99$64,094,563$9,081,165$4,468,174$41,065,824
100$70,496,895$9,390,829$4,482,544$44,875,352