Can I retire at age 66 with 3,200,000?

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 $3,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$264,253$261,899$259,603$257,361$255,172$249,105
2 years$130,818$128,382$126,021$123,731$121,511$115,433
3 years$86,346$83,899$81,544$79,276$77,091$71,194
4 years$64,114$61,675$59,343$57,114$54,982$49,310
5 years$50,778$48,354$46,053$43,869$41,797$36,366
6 years$41,891$39,484$37,217$35,082$33,072$27,888
7 years$35,545$33,159$30,928$28,843$26,897$21,960
8 years$30,788$28,423$26,229$24,196$22,313$17,622
9 years$27,090$24,748$22,591$20,609$18,791$14,342
10 years$24,133$21,814$19,696$17,766$16,011$11,798
11 years$21,716$19,420$17,340$15,461$13,770$9,788
12 years$19,703$17,430$15,388$13,562$11,933$8,175
13 years$18,000$15,752$13,749$11,973$10,406$6,865
14 years$16,543$14,318$12,353$10,628$9,121$5,791
15 years$15,281$13,080$11,153$9,478$8,031$4,902
16 years$14,177$12,000$10,112$8,487$7,098$4,163
17 years$13,205$11,052$9,202$7,625$6,294$3,544
18 years$12,341$10,212$8,400$6,872$5,596$3,023
19 years$11,569$9,465$7,690$6,210$4,988$2,583
20 years$10,876$8,795$7,057$5,624$4,455$2,211
21 years$10,249$8,192$6,491$5,104$3,987$1,895
22 years$9,680$7,647$5,983$4,641$3,574$1,626
23 years$9,161$7,152$5,524$4,226$3,208$1,396
24 years$8,686$6,701$5,109$3,855$2,883$1,200
25 years$8,250$6,289$4,732$3,520$2,595$1,032
26 years$7,848$5,910$4,388$3,219$2,337$888
27 years$7,477$5,562$4,075$2,946$2,107$764
28 years$7,132$5,241$3,788$2,699$1,901$658
29 years$6,812$4,945$3,525$2,475$1,717$567
30 years$6,514$4,670$3,284$2,272$1,551$489
31 years$6,235$4,414$3,061$2,087$1,402$421
32 years$5,975$4,177$2,856$1,918$1,269$363
33 years$5,731$3,956$2,667$1,763$1,148$313
34 years$5,501$3,749$2,492$1,622$1,039$270
35 years$5,286$3,556$2,330$1,494$942$233
36 years$5,082$3,375$2,179$1,376$853$201
37 years$4,890$3,206$2,040$1,267$773$174
38 years$4,709$3,046$1,910$1,168$701$150
39 years$4,538$2,897$1,790$1,077$636$129
40 years$4,375$2,756$1,677$993$577$112
41 years$4,221$2,624$1,573$917$523$96
42 years$4,074$2,499$1,475$846$475$83
43 years$3,935$2,381$1,384$781$431$72
44 years$3,802$2,269$1,300$721$391$62
45 years$3,676$2,164$1,220$666$355$54
46 years$3,555$2,064$1,146$615$322$46
47 years$3,440$1,970$1,077$568$293$40
48 years$3,330$1,881$1,012$525$266$34
49 years$3,225$1,796$951$485$241$30
50 years$3,124$1,715$894$449$219$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $3,200,000, adding $6,813 every year, while hoping to spend $52,991 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: 55/39/6 Blend
65$3,200,000$3,200,000$3,200,000$3,200,000
66$3,533,428$3,363,828$3,314,228$3,722,759
67$3,837,455$3,472,273$3,368,872$3,959,681
68$4,170,718$3,584,256$3,423,571$4,211,014
69$4,536,141$3,699,895$3,478,271$4,483,339
70$4,936,947$3,819,310$3,532,913$4,778,656
71$5,376,687$3,942,627$3,587,437$5,099,164
72$5,859,270$4,069,977$3,641,777$5,447,282
73$6,389,002$4,201,492$3,695,863$5,825,671
74$6,970,627$4,337,312$3,749,621$6,237,258
75$7,609,372$4,477,581$3,802,974$6,685,266
76$8,310,992$4,622,447$3,855,838$7,173,238
77$9,081,830$4,772,064$3,908,125$7,705,076
78$9,928,871$4,926,589$3,959,742$8,285,073
79$10,859,813$5,086,189$4,010,590$8,917,957
80$11,883,133$5,251,032$4,060,565$9,608,928
81$13,008,175$5,421,294$4,109,556$10,363,715
82$14,245,229$5,597,158$4,157,446$11,188,622
83$15,605,634$5,778,811$4,204,112$12,090,592
84$17,101,883$5,966,447$4,249,425$13,077,268
85$18,747,741$6,160,269$4,293,247$14,157,067
86$20,558,373$6,360,484$4,335,432$15,339,256
87$22,550,488$6,567,308$4,375,830$16,634,043
88$24,742,495$6,780,965$4,414,278$18,052,667
89$27,154,681$7,001,683$4,450,608$19,607,507
90$29,809,396$7,229,704$4,484,641$21,312,197
91$32,731,268$7,465,272$4,516,190$23,181,753
92$35,947,432$7,708,645$4,545,057$25,232,715
93$39,487,789$7,960,087$4,571,034$27,483,301
94$43,385,283$8,219,872$4,593,904$29,953,579
95$47,676,219$8,488,283$4,613,437$32,665,653
96$52,400,599$8,765,613$4,629,392$35,643,874
97$57,602,499$9,052,167$4,641,516$38,915,066
98$63,330,489$9,348,259$4,649,542$42,508,781
99$69,638,090$9,654,215$4,653,193$46,457,572
100$76,584,274$9,970,370$4,652,174$50,797,304