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%11.2%
1 years$264,253$261,899$259,603$257,361$255,172$253,884
2 years$130,818$128,382$126,021$123,731$121,511$120,210
3 years$86,346$83,899$81,544$79,276$77,091$75,819
4 years$64,114$61,675$59,343$57,114$54,982$53,748
5 years$50,778$48,354$46,053$43,869$41,797$40,604
6 years$41,891$39,484$37,217$35,082$33,072$31,923
7 years$35,545$33,159$30,928$28,843$26,897$25,792
8 years$30,788$28,423$26,229$24,196$22,313$21,252
9 years$27,090$24,748$22,591$20,609$18,791$17,774
10 years$24,133$21,814$19,696$17,766$16,011$15,037
11 years$21,716$19,420$17,340$15,461$13,770$12,839
12 years$19,703$17,430$15,388$13,562$11,933$11,043
13 years$18,000$15,752$13,749$11,973$10,406$9,557
14 years$16,543$14,318$12,353$10,628$9,121$8,313
15 years$15,281$13,080$11,153$9,478$8,031$7,262
16 years$14,177$12,000$10,112$8,487$7,098$6,367
17 years$13,205$11,052$9,202$7,625$6,294$5,599
18 years$12,341$10,212$8,400$6,872$5,596$4,937
19 years$11,569$9,465$7,690$6,210$4,988$4,364
20 years$10,876$8,795$7,057$5,624$4,455$3,865
21 years$10,249$8,192$6,491$5,104$3,987$3,428
22 years$9,680$7,647$5,983$4,641$3,574$3,046
23 years$9,161$7,152$5,524$4,226$3,208$2,710
24 years$8,686$6,701$5,109$3,855$2,883$2,414
25 years$8,250$6,289$4,732$3,520$2,595$2,152
26 years$7,848$5,910$4,388$3,219$2,337$1,921
27 years$7,477$5,562$4,075$2,946$2,107$1,716
28 years$7,132$5,241$3,788$2,699$1,901$1,534
29 years$6,812$4,945$3,525$2,475$1,717$1,372
30 years$6,514$4,670$3,284$2,272$1,551$1,228
31 years$6,235$4,414$3,061$2,087$1,402$1,099
32 years$5,975$4,177$2,856$1,918$1,269$985
33 years$5,731$3,956$2,667$1,763$1,148$882
34 years$5,501$3,749$2,492$1,622$1,039$791
35 years$5,286$3,556$2,330$1,494$942$709
36 years$5,082$3,375$2,179$1,376$853$636
37 years$4,890$3,206$2,040$1,267$773$571
38 years$4,709$3,046$1,910$1,168$701$512
39 years$4,538$2,897$1,790$1,077$636$460
40 years$4,375$2,756$1,677$993$577$413
41 years$4,221$2,624$1,573$917$523$371
42 years$4,074$2,499$1,475$846$475$333
43 years$3,935$2,381$1,384$781$431$299
44 years$3,802$2,269$1,300$721$391$269
45 years$3,676$2,164$1,220$666$355$241
46 years$3,555$2,064$1,146$615$322$217
47 years$3,440$1,970$1,077$568$293$195
48 years$3,330$1,881$1,012$525$266$175
49 years$3,225$1,796$951$485$241$157
50 years$3,124$1,715$894$449$219$142

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 $6,595 every year, while hoping to spend $24,503 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: 70/8/22 Blend
65$3,200,000$3,200,000$3,200,000$3,200,000
66$3,533,203$3,363,603$3,314,003$3,760,728
67$3,867,518$3,502,348$3,398,951$4,052,296
68$4,235,113$3,647,071$3,485,923$4,367,847
69$4,639,355$3,798,038$3,574,963$4,712,663
70$5,083,956$3,955,529$3,666,111$5,089,642
71$5,573,005$4,119,835$3,759,411$5,501,971
72$6,111,008$4,291,263$3,854,907$5,953,162
73$6,702,928$4,470,132$3,952,643$6,447,081
74$7,354,234$4,656,776$4,052,664$6,987,985
75$8,070,953$4,851,545$4,155,016$7,580,564
76$8,859,725$5,054,806$4,259,744$8,229,979
77$9,727,866$5,266,941$4,366,894$8,941,918
78$10,683,438$5,488,350$4,476,515$9,722,644
79$11,735,322$5,719,453$4,588,652$10,579,054
80$12,893,308$5,960,689$4,703,355$11,518,747
81$14,168,179$6,212,517$4,820,671$12,550,092
82$15,571,819$6,475,416$4,940,649$13,682,306
83$17,117,323$6,749,889$5,063,339$14,925,546
84$18,819,119$7,036,463$5,188,790$16,290,996
85$20,693,107$7,335,688$5,317,052$17,790,979
86$22,756,807$7,648,139$5,448,176$19,439,070
87$25,029,523$7,974,420$5,582,212$21,250,224
88$27,532,530$8,315,162$5,719,212$23,240,914
89$30,289,268$8,671,025$5,859,225$25,429,291
90$33,325,568$9,042,700$6,002,305$27,835,350
91$36,669,896$9,430,912$6,148,501$30,481,122
92$40,353,616$9,836,417$6,297,867$33,390,878
93$44,411,292$10,260,009$6,450,452$36,591,358
94$48,881,012$10,702,518$6,606,311$40,112,025
95$53,804,746$11,164,812$6,765,493$43,985,339
96$59,228,743$11,647,801$6,928,051$48,247,066
97$65,203,970$12,152,438$7,094,035$52,936,612
98$71,786,588$12,679,721$7,263,498$58,097,396
99$79,038,484$13,230,692$7,436,490$63,777,257
100$87,027,859$13,806,445$7,613,061$70,028,908