Can I retire at age 66 with 3,100,000?

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 $3,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$255,995$253,715$251,490$249,319$247,198$239,381
2 years$126,730$124,370$122,083$119,865$117,714$109,909
3 years$83,648$81,277$78,996$76,799$74,682$67,135
4 years$62,110$59,747$57,489$55,329$53,264$46,032
5 years$49,192$46,843$44,613$42,498$40,490$33,592
6 years$40,582$38,251$36,054$33,986$32,039$25,481
7 years$34,434$32,123$29,961$27,942$26,056$19,838
8 years$29,826$27,535$25,410$23,440$21,616$15,734
9 years$26,243$23,974$21,885$19,965$18,204$12,650
10 years$23,379$21,132$19,080$17,210$15,511$10,278
11 years$21,037$18,813$16,798$14,978$13,340$8,418
12 years$19,087$16,885$14,908$13,138$11,560$6,939
13 years$17,438$15,259$13,319$11,599$10,080$5,749
14 years$16,026$13,870$11,967$10,296$8,836$4,783
15 years$14,803$12,671$10,805$9,182$7,780$3,992
16 years$13,734$11,625$9,796$8,222$6,876$3,342
17 years$12,792$10,706$8,914$7,387$6,097$2,804
18 years$11,956$9,893$8,137$6,657$5,421$2,357
19 years$11,208$9,169$7,449$6,015$4,832$1,984
20 years$10,536$8,520$6,837$5,448$4,316$1,672
21 years$9,929$7,936$6,288$4,945$3,862$1,411
22 years$9,377$7,408$5,796$4,496$3,462$1,192
23 years$8,875$6,929$5,351$4,094$3,108$1,008
24 years$8,415$6,492$4,949$3,734$2,793$852
25 years$7,992$6,092$4,584$3,410$2,514$721
26 years$7,603$5,726$4,251$3,118$2,264$611
27 years$7,243$5,389$3,948$2,854$2,041$517
28 years$6,909$5,078$3,670$2,615$1,842$438
29 years$6,599$4,790$3,415$2,398$1,663$372
30 years$6,310$4,524$3,181$2,201$1,503$315
31 years$6,041$4,276$2,966$2,021$1,359$267
32 years$5,788$4,046$2,767$1,858$1,229$227
33 years$5,552$3,832$2,584$1,708$1,112$192
34 years$5,329$3,632$2,414$1,572$1,007$163
35 years$5,120$3,445$2,257$1,447$912$138
36 years$4,924$3,270$2,111$1,333$826$117
37 years$4,738$3,105$1,976$1,228$749$100
38 years$4,562$2,951$1,850$1,132$679$84
39 years$4,396$2,806$1,734$1,043$616$72
40 years$4,238$2,670$1,625$962$559$61
41 years$4,089$2,542$1,524$888$507$52
42 years$3,947$2,420$1,429$819$460$44
43 years$3,812$2,306$1,341$756$417$37
44 years$3,683$2,198$1,259$698$379$32
45 years$3,561$2,096$1,182$645$344$27
46 years$3,444$2,000$1,110$596$312$23
47 years$3,333$1,908$1,043$550$283$19
48 years$3,226$1,822$980$509$257$16
49 years$3,124$1,740$921$470$234$14
50 years$3,027$1,662$866$435$212$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $3,100,000, adding $2,995 every year, while hoping to spend $27,311 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: 36/39/25 Blend
65$3,100,000$3,100,000$3,100,000$3,100,000
66$3,419,289$3,254,989$3,206,939$3,516,544
67$3,738,998$3,385,425$3,285,313$3,719,055
68$4,090,402$3,521,337$3,365,397$3,934,817
69$4,476,705$3,662,964$3,447,220$4,167,214
70$4,901,436$3,810,557$3,530,809$4,417,755
71$5,368,486$3,964,378$3,616,195$4,688,099
72$5,882,139$4,124,699$3,703,404$4,980,064
73$6,447,115$4,291,808$3,792,466$5,295,647
74$7,068,616$4,466,002$3,883,410$5,637,042
75$7,752,373$4,647,594$3,976,262$6,006,657
76$8,504,701$4,836,912$4,071,052$6,407,138
77$9,332,555$5,034,295$4,167,807$6,841,393
78$10,243,603$5,240,103$4,266,556$7,312,616
79$11,246,290$5,454,707$4,367,325$7,824,318
80$12,349,923$5,678,499$4,470,141$8,380,357
81$13,564,756$5,911,887$4,575,033$8,984,976
82$14,902,090$6,155,298$4,682,025$9,642,840
83$16,374,374$6,409,178$4,791,143$10,359,077
84$17,995,327$6,673,995$4,902,414$11,139,327
85$19,780,067$6,950,238$5,015,861$11,989,794
86$21,745,251$7,238,416$5,131,510$12,917,301
87$23,909,233$7,539,065$5,249,382$13,929,356
88$26,292,240$7,852,744$5,369,501$15,034,217
89$28,916,557$8,180,038$5,491,888$16,240,970
90$31,806,744$8,521,558$5,616,565$17,559,613
91$34,989,862$8,877,944$5,743,550$19,001,151
92$38,495,731$9,249,867$5,872,862$20,577,691
93$42,357,212$9,638,026$6,004,519$22,302,562
94$46,610,513$10,043,155$6,138,536$24,190,432
95$51,295,536$10,466,020$6,274,927$26,257,449
96$56,456,250$10,907,425$6,413,707$28,521,388
97$62,141,107$11,368,208$6,554,885$31,001,817
98$68,403,499$11,849,249$6,698,473$33,720,280
99$75,302,260$12,351,466$6,844,476$36,700,496
100$82,902,225$12,875,823$6,992,901$39,968,581