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%11%
1 years$264,253$261,899$259,603$257,361$255,172$254,097
2 years$130,818$128,382$126,021$123,731$121,511$120,425
3 years$86,346$83,899$81,544$79,276$77,091$76,029
4 years$64,114$61,675$59,343$57,114$54,982$53,952
5 years$50,778$48,354$46,053$43,869$41,797$40,800
6 years$41,891$39,484$37,217$35,082$33,072$32,112
7 years$35,545$33,159$30,928$28,843$26,897$25,973
8 years$30,788$28,423$26,229$24,196$22,313$21,426
9 years$27,090$24,748$22,591$20,609$18,791$17,940
10 years$24,133$21,814$19,696$17,766$16,011$15,195
11 years$21,716$19,420$17,340$15,461$13,770$12,990
12 years$19,703$17,430$15,388$13,562$11,933$11,187
13 years$18,000$15,752$13,749$11,973$10,406$9,694
14 years$16,543$14,318$12,353$10,628$9,121$8,443
15 years$15,281$13,080$11,153$9,478$8,031$7,385
16 years$14,177$12,000$10,112$8,487$7,098$6,484
17 years$13,205$11,052$9,202$7,625$6,294$5,710
18 years$12,341$10,212$8,400$6,872$5,596$5,042
19 years$11,569$9,465$7,690$6,210$4,988$4,463
20 years$10,876$8,795$7,057$5,624$4,455$3,958
21 years$10,249$8,192$6,491$5,104$3,987$3,516
22 years$9,680$7,647$5,983$4,641$3,574$3,129
23 years$9,161$7,152$5,524$4,226$3,208$2,788
24 years$8,686$6,701$5,109$3,855$2,883$2,487
25 years$8,250$6,289$4,732$3,520$2,595$2,221
26 years$7,848$5,910$4,388$3,219$2,337$1,985
27 years$7,477$5,562$4,075$2,946$2,107$1,776
28 years$7,132$5,241$3,788$2,699$1,901$1,590
29 years$6,812$4,945$3,525$2,475$1,717$1,424
30 years$6,514$4,670$3,284$2,272$1,551$1,277
31 years$6,235$4,414$3,061$2,087$1,402$1,145
32 years$5,975$4,177$2,856$1,918$1,269$1,027
33 years$5,731$3,956$2,667$1,763$1,148$922
34 years$5,501$3,749$2,492$1,622$1,039$828
35 years$5,286$3,556$2,330$1,494$942$744
36 years$5,082$3,375$2,179$1,376$853$668
37 years$4,890$3,206$2,040$1,267$773$601
38 years$4,709$3,046$1,910$1,168$701$540
39 years$4,538$2,897$1,790$1,077$636$486
40 years$4,375$2,756$1,677$993$577$437
41 years$4,221$2,624$1,573$917$523$393
42 years$4,074$2,499$1,475$846$475$353
43 years$3,935$2,381$1,384$781$431$318
44 years$3,802$2,269$1,300$721$391$286
45 years$3,676$2,164$1,220$666$355$258
46 years$3,555$2,064$1,146$615$322$232
47 years$3,440$1,970$1,077$568$293$209
48 years$3,330$1,881$1,012$525$266$188
49 years$3,225$1,796$951$485$241$169
50 years$3,124$1,715$894$449$219$152

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 $3,629 every year, while hoping to spend $43,840 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: 57/21/22 Blend
65$3,200,000$3,200,000$3,200,000$3,200,000
66$3,530,143$3,360,543$3,310,943$3,710,244
67$3,843,573$3,478,565$3,375,214$3,951,553
68$4,187,502$3,600,899$3,440,169$4,209,418
69$4,564,997$3,727,713$3,505,785$4,489,507
70$4,979,433$3,859,177$3,572,035$4,793,973
71$5,434,529$3,995,471$3,638,892$5,125,185
72$5,934,381$4,136,779$3,706,325$5,485,749
73$6,483,502$4,283,296$3,774,301$5,878,536
74$7,086,864$4,435,222$3,842,785$6,306,705
75$7,749,943$4,592,767$3,911,737$6,773,733
76$8,478,774$4,756,148$3,981,116$7,283,449
77$9,280,002$4,925,593$4,050,877$7,840,069
78$10,160,952$5,101,337$4,120,972$8,448,233
79$11,129,693$5,283,626$4,191,347$9,113,052
80$12,195,113$5,472,715$4,261,949$9,840,153
81$13,367,006$5,668,870$4,332,717$10,635,735
82$14,656,165$5,872,369$4,403,587$11,506,621
83$16,074,479$6,083,500$4,474,491$12,460,330
84$17,635,047$6,302,562$4,545,358$13,505,138
85$19,352,303$6,529,869$4,616,109$14,650,164
86$21,242,152$6,765,747$4,686,663$15,905,452
87$23,322,116$7,010,534$4,756,931$17,282,063
88$25,611,505$7,264,583$4,826,821$18,792,182
89$28,131,594$7,528,262$4,896,234$20,449,232
90$30,905,824$7,801,955$4,965,066$22,267,999
91$33,960,027$8,086,060$5,033,205$24,264,772
92$37,322,666$8,380,993$5,100,534$26,457,494
93$41,025,104$8,687,187$5,166,927$28,865,933
94$45,101,899$9,005,094$5,232,254$31,511,866
95$49,591,133$9,335,184$5,296,375$34,419,285
96$54,534,768$9,677,947$5,359,142$37,614,623
97$59,979,041$10,033,893$5,420,401$41,127,003
98$65,974,904$10,403,556$5,479,985$44,988,507
99$72,578,503$10,787,488$5,537,723$49,234,488
100$79,851,705$11,186,269$5,593,431$53,903,891