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%17.2%
1 years$255,995$253,715$251,490$249,319$247,198$239,958
2 years$126,730$124,370$122,083$119,865$117,714$110,478
3 years$83,648$81,277$78,996$76,799$74,682$67,678
4 years$62,110$59,747$57,489$55,329$53,264$46,545
5 years$49,192$46,843$44,613$42,498$40,490$34,075
6 years$40,582$38,251$36,054$33,986$32,039$25,932
7 years$34,434$32,123$29,961$27,942$26,056$20,258
8 years$29,826$27,535$25,410$23,440$21,616$16,124
9 years$26,243$23,974$21,885$19,965$18,204$13,011
10 years$23,379$21,132$19,080$17,210$15,511$10,611
11 years$21,037$18,813$16,798$14,978$13,340$8,725
12 years$19,087$16,885$14,908$13,138$11,560$7,220
13 years$17,438$15,259$13,319$11,599$10,080$6,006
14 years$16,026$13,870$11,967$10,296$8,836$5,018
15 years$14,803$12,671$10,805$9,182$7,780$4,206
16 years$13,734$11,625$9,796$8,222$6,876$3,536
17 years$12,792$10,706$8,914$7,387$6,097$2,980
18 years$11,956$9,893$8,137$6,657$5,421$2,516
19 years$11,208$9,169$7,449$6,015$4,832$2,127
20 years$10,536$8,520$6,837$5,448$4,316$1,802
21 years$9,929$7,936$6,288$4,945$3,862$1,527
22 years$9,377$7,408$5,796$4,496$3,462$1,296
23 years$8,875$6,929$5,351$4,094$3,108$1,101
24 years$8,415$6,492$4,949$3,734$2,793$936
25 years$7,992$6,092$4,584$3,410$2,514$796
26 years$7,603$5,726$4,251$3,118$2,264$677
27 years$7,243$5,389$3,948$2,854$2,041$576
28 years$6,909$5,078$3,670$2,615$1,842$491
29 years$6,599$4,790$3,415$2,398$1,663$418
30 years$6,310$4,524$3,181$2,201$1,503$356
31 years$6,041$4,276$2,966$2,021$1,359$303
32 years$5,788$4,046$2,767$1,858$1,229$259
33 years$5,552$3,832$2,584$1,708$1,112$220
34 years$5,329$3,632$2,414$1,572$1,007$188
35 years$5,120$3,445$2,257$1,447$912$160
36 years$4,924$3,270$2,111$1,333$826$137
37 years$4,738$3,105$1,976$1,228$749$117
38 years$4,562$2,951$1,850$1,132$679$99
39 years$4,396$2,806$1,734$1,043$616$85
40 years$4,238$2,670$1,625$962$559$72
41 years$4,089$2,542$1,524$888$507$62
42 years$3,947$2,420$1,429$819$460$53
43 years$3,812$2,306$1,341$756$417$45
44 years$3,683$2,198$1,259$698$379$38
45 years$3,561$2,096$1,182$645$344$33
46 years$3,444$2,000$1,110$596$312$28
47 years$3,333$1,908$1,043$550$283$24
48 years$3,226$1,822$980$509$257$20
49 years$3,124$1,740$921$470$234$17
50 years$3,027$1,662$866$435$212$15

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 $3,176 every year, while hoping to spend $40,516 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: 46/36/18 Blend
65$3,100,000$3,100,000$3,100,000$3,100,000
66$3,419,476$3,255,176$3,207,126$3,559,076
67$3,725,154$3,371,571$3,271,456$3,773,227
68$4,060,653$3,492,311$3,336,583$4,001,106
69$4,428,972$3,617,567$3,402,491$4,247,476
70$4,833,415$3,747,516$3,469,163$4,514,075
71$5,277,621$3,882,342$3,536,577$4,802,814
72$5,765,599$4,022,237$3,604,713$5,115,793
73$6,301,764$4,167,401$3,673,545$5,455,323
74$6,890,983$4,318,042$3,743,048$5,823,943
75$7,538,615$4,474,378$3,813,192$6,224,447
76$8,250,565$4,636,634$3,883,945$6,659,908
77$9,033,339$4,805,045$3,955,273$7,133,707
78$9,894,104$4,979,857$4,027,140$7,649,562
79$10,840,757$5,161,325$4,099,503$8,211,565
80$11,881,999$5,349,714$4,172,321$8,824,220
81$13,027,415$5,545,302$4,245,546$9,492,482
82$14,287,567$5,748,378$4,319,127$10,221,804
83$15,674,093$5,959,242$4,393,012$11,018,189
84$17,199,813$6,178,208$4,467,141$11,888,246
85$18,878,857$6,405,602$4,541,453$12,839,246
86$20,726,789$6,641,766$4,615,881$13,879,199
87$22,760,764$6,887,054$4,690,354$15,016,918
88$24,999,678$7,141,836$4,764,797$16,262,112
89$27,464,357$7,406,498$4,839,130$17,625,466
90$30,177,747$7,681,442$4,913,266$19,118,748
91$33,165,131$7,967,087$4,987,115$20,754,918
92$36,454,370$8,263,870$5,060,579$22,548,244
93$40,076,163$8,572,247$5,133,556$24,514,443
94$44,064,338$8,892,692$5,205,935$26,670,821
95$48,456,168$9,225,703$5,277,603$29,036,440
96$53,292,730$9,571,795$5,348,435$31,632,293
97$58,619,283$9,931,507$5,418,302$34,481,504
98$64,485,701$10,305,403$5,487,066$37,609,542
99$70,946,943$10,694,067$5,554,583$41,044,460
100$78,063,567$11,098,113$5,620,698$44,817,161