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

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 $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%14.2%
1 years$255,995$253,715$251,490$249,319$247,198$242,903
2 years$126,730$124,370$122,083$119,865$117,714$113,400
3 years$83,648$81,277$78,996$76,799$74,682$70,485
4 years$62,110$59,747$57,489$55,329$53,264$49,215
5 years$49,192$46,843$44,613$42,498$40,490$36,602
6 years$40,582$38,251$36,054$33,986$32,039$28,315
7 years$34,434$32,123$29,961$27,942$26,056$22,497
8 years$29,826$27,535$25,410$23,440$21,616$18,222
9 years$26,243$23,974$21,885$19,965$18,204$14,973
10 years$23,379$21,132$19,080$17,210$15,511$12,440
11 years$21,037$18,813$16,798$14,978$13,340$10,425
12 years$19,087$16,885$14,908$13,138$11,560$8,798
13 years$17,438$15,259$13,319$11,599$10,080$7,467
14 years$16,026$13,870$11,967$10,296$8,836$6,368
15 years$14,803$12,671$10,805$9,182$7,780$5,451
16 years$13,734$11,625$9,796$8,222$6,876$4,681
17 years$12,792$10,706$8,914$7,387$6,097$4,031
18 years$11,956$9,893$8,137$6,657$5,421$3,479
19 years$11,208$9,169$7,449$6,015$4,832$3,009
20 years$10,536$8,520$6,837$5,448$4,316$2,606
21 years$9,929$7,936$6,288$4,945$3,862$2,261
22 years$9,377$7,408$5,796$4,496$3,462$1,964
23 years$8,875$6,929$5,351$4,094$3,108$1,708
24 years$8,415$6,492$4,949$3,734$2,793$1,486
25 years$7,992$6,092$4,584$3,410$2,514$1,294
26 years$7,603$5,726$4,251$3,118$2,264$1,128
27 years$7,243$5,389$3,948$2,854$2,041$984
28 years$6,909$5,078$3,670$2,615$1,842$859
29 years$6,599$4,790$3,415$2,398$1,663$749
30 years$6,310$4,524$3,181$2,201$1,503$654
31 years$6,041$4,276$2,966$2,021$1,359$572
32 years$5,788$4,046$2,767$1,858$1,229$500
33 years$5,552$3,832$2,584$1,708$1,112$437
34 years$5,329$3,632$2,414$1,572$1,007$382
35 years$5,120$3,445$2,257$1,447$912$334
36 years$4,924$3,270$2,111$1,333$826$292
37 years$4,738$3,105$1,976$1,228$749$255
38 years$4,562$2,951$1,850$1,132$679$223
39 years$4,396$2,806$1,734$1,043$616$196
40 years$4,238$2,670$1,625$962$559$171
41 years$4,089$2,542$1,524$888$507$150
42 years$3,947$2,420$1,429$819$460$131
43 years$3,812$2,306$1,341$756$417$115
44 years$3,683$2,198$1,259$698$379$100
45 years$3,561$2,096$1,182$645$344$88
46 years$3,444$2,000$1,110$596$312$77
47 years$3,333$1,908$1,043$550$283$67
48 years$3,226$1,822$980$509$257$59
49 years$3,124$1,740$921$470$234$52
50 years$3,027$1,662$866$435$212$45

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 $4,799 every year, while hoping to spend $27,480 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: 60/27/13 Blend
65$3,100,000$3,100,000$3,100,000$3,100,000
66$3,421,150$3,256,850$3,208,800$3,615,231
67$3,740,869$3,387,197$3,287,056$3,876,754
68$4,092,278$3,523,010$3,367,013$4,158,388
69$4,478,581$3,664,528$3,448,699$4,464,943
70$4,903,307$3,812,001$3,532,141$4,798,828
71$5,370,344$3,965,689$3,617,367$5,162,692
72$5,883,976$4,125,864$3,704,406$5,559,449
73$6,448,923$4,292,813$3,793,285$5,992,303
74$7,070,385$4,466,833$3,884,032$6,464,781
75$7,754,092$4,648,236$3,976,675$6,980,764
76$8,506,357$4,837,347$4,071,241$7,544,522
77$9,334,135$5,034,507$4,167,758$8,160,754
78$10,245,091$5,240,071$4,266,251$8,834,632
79$11,247,669$5,454,414$4,366,749$9,571,849
80$12,351,173$5,677,922$4,469,278$10,378,671
81$13,565,857$5,911,004$4,573,862$11,261,995
82$14,903,016$6,154,085$4,680,529$12,229,416
83$16,375,099$6,407,611$4,789,302$13,289,294
84$17,995,822$6,672,047$4,900,206$14,450,831
85$19,780,298$6,947,879$5,013,266$15,724,164
86$21,745,182$7,235,618$5,128,503$17,120,451
87$23,908,822$7,535,796$5,245,940$18,651,978
88$26,291,442$7,848,970$5,365,599$20,332,279
89$28,915,323$8,175,722$5,487,500$22,176,252
90$31,805,017$8,516,664$5,611,662$24,200,308
91$34,987,580$8,872,432$5,738,104$26,422,519
92$38,492,826$9,243,694$5,866,844$28,862,790
93$42,353,607$9,631,148$5,997,896$31,543,042
94$46,606,125$10,035,525$6,131,276$34,487,421
95$51,290,272$10,457,588$6,266,996$37,722,522
96$56,450,008$10,898,137$6,405,067$41,277,640
97$62,133,772$11,358,009$6,545,501$45,185,041
98$68,394,945$11,838,080$6,688,303$49,480,269
99$75,292,349$12,339,265$6,833,481$54,202,478
100$82,890,803$12,862,523$6,981,037$59,394,799