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%16.3%
1 years$255,995$253,715$251,490$249,319$247,198$240,832
2 years$126,730$124,370$122,083$119,865$117,714$111,341
3 years$83,648$81,277$78,996$76,799$74,682$68,504
4 years$62,110$59,747$57,489$55,329$53,264$47,328
5 years$49,192$46,843$44,613$42,498$40,490$34,812
6 years$40,582$38,251$36,054$33,986$32,039$26,624
7 years$34,434$32,123$29,961$27,942$26,056$20,905
8 years$29,826$27,535$25,410$23,440$21,616$16,727
9 years$26,243$23,974$21,885$19,965$18,204$13,572
10 years$23,379$21,132$19,080$17,210$15,511$11,130
11 years$21,037$18,813$16,798$14,978$13,340$9,205
12 years$19,087$16,885$14,908$13,138$11,560$7,663
13 years$17,438$15,259$13,319$11,599$10,080$6,413
14 years$16,026$13,870$11,967$10,296$8,836$5,391
15 years$14,803$12,671$10,805$9,182$7,780$4,548
16 years$13,734$11,625$9,796$8,222$6,876$3,848
17 years$12,792$10,706$8,914$7,387$6,097$3,264
18 years$11,956$9,893$8,137$6,657$5,421$2,774
19 years$11,208$9,169$7,449$6,015$4,832$2,362
20 years$10,536$8,520$6,837$5,448$4,316$2,014
21 years$9,929$7,936$6,288$4,945$3,862$1,719
22 years$9,377$7,408$5,796$4,496$3,462$1,469
23 years$8,875$6,929$5,351$4,094$3,108$1,257
24 years$8,415$6,492$4,949$3,734$2,793$1,076
25 years$7,992$6,092$4,584$3,410$2,514$921
26 years$7,603$5,726$4,251$3,118$2,264$790
27 years$7,243$5,389$3,948$2,854$2,041$677
28 years$6,909$5,078$3,670$2,615$1,842$581
29 years$6,599$4,790$3,415$2,398$1,663$498
30 years$6,310$4,524$3,181$2,201$1,503$428
31 years$6,041$4,276$2,966$2,021$1,359$367
32 years$5,788$4,046$2,767$1,858$1,229$315
33 years$5,552$3,832$2,584$1,708$1,112$271
34 years$5,329$3,632$2,414$1,572$1,007$233
35 years$5,120$3,445$2,257$1,447$912$200
36 years$4,924$3,270$2,111$1,333$826$172
37 years$4,738$3,105$1,976$1,228$749$148
38 years$4,562$2,951$1,850$1,132$679$127
39 years$4,396$2,806$1,734$1,043$616$109
40 years$4,238$2,670$1,625$962$559$94
41 years$4,089$2,542$1,524$888$507$81
42 years$3,947$2,420$1,429$819$460$69
43 years$3,812$2,306$1,341$756$417$60
44 years$3,683$2,198$1,259$698$379$51
45 years$3,561$2,096$1,182$645$344$44
46 years$3,444$2,000$1,110$596$312$38
47 years$3,333$1,908$1,043$550$283$33
48 years$3,226$1,822$980$509$257$28
49 years$3,124$1,740$921$470$234$24
50 years$3,027$1,662$866$435$212$21

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 $6,027 every year, while hoping to spend $27,882 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: 56/16/28 Blend
65$3,100,000$3,100,000$3,100,000$3,100,000
66$3,422,417$3,258,117$3,210,067$3,587,351
67$3,741,837$3,388,098$3,287,938$3,831,490
68$4,092,904$3,523,514$3,367,483$4,093,957
69$4,478,815$3,664,602$3,448,729$4,379,373
70$4,903,096$3,811,609$3,531,703$4,689,963
71$5,369,627$3,964,793$3,616,430$5,028,174
72$5,882,686$4,124,425$3,702,938$5,396,698
73$6,446,987$4,290,788$3,791,253$5,798,499
74$7,067,720$4,464,178$3,881,400$6,236,839
75$7,750,607$4,644,902$3,973,407$6,715,306
76$8,501,951$4,833,284$4,067,298$7,237,853
77$9,328,697$5,029,662$4,163,099$7,808,829
78$10,238,496$5,234,388$4,260,835$8,433,023
79$11,239,780$5,447,831$4,360,531$9,115,708
80$12,341,840$5,670,376$4,462,211$9,862,688
81$13,554,911$5,902,428$4,565,899$10,680,355
82$14,890,273$6,144,408$4,671,618$11,575,747
83$16,360,354$6,396,757$4,779,390$12,556,616
84$17,978,848$6,659,936$4,889,237$13,631,495
85$19,760,846$6,934,428$5,001,182$14,809,784
86$21,722,974$7,220,737$5,115,243$16,101,835
87$23,883,554$7,519,390$5,231,441$17,519,048
88$26,262,776$7,830,940$5,349,793$19,073,982
89$28,882,886$8,155,963$5,470,318$20,780,468
90$31,768,399$8,495,063$5,593,032$22,653,738
91$34,946,327$8,848,873$5,717,950$24,710,575
92$38,446,437$9,218,051$5,845,086$26,969,462
93$42,301,528$9,603,291$5,974,451$29,450,761
94$46,547,746$10,005,314$6,106,057$32,176,903
95$51,224,919$10,424,878$6,239,913$35,172,595
96$56,376,937$10,862,773$6,376,026$38,465,059
97$62,052,163$11,319,827$6,514,402$42,084,280
98$68,303,893$11,796,908$6,655,044$46,063,296
99$75,190,856$12,294,922$6,797,953$50,438,502
100$82,777,767$12,814,818$6,943,129$55,249,995