Can I retire at age 66 with 3,500,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $3,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$289,027$286,452$283,940$281,489$279,095$273,908
2 years$143,083$140,418$137,835$135,331$132,902$127,696
3 years$94,441$91,765$89,188$86,708$84,319$79,255
4 years$70,125$67,457$64,906$62,468$60,137$55,255
5 years$55,539$52,887$50,370$47,982$45,715$41,029
6 years$45,818$43,186$40,706$38,371$36,173$31,688
7 years$38,878$36,268$33,827$31,547$29,418$25,135
8 years$33,674$31,088$28,688$26,464$24,405$20,323
9 years$29,630$27,068$24,709$22,542$20,553$16,670
10 years$26,396$23,859$21,542$19,431$17,512$13,824
11 years$23,752$21,240$18,965$16,911$15,061$11,563
12 years$21,550$19,064$16,831$14,833$13,051$9,740
13 years$19,688$17,228$15,038$13,095$11,381$8,250
14 years$18,094$15,660$13,511$11,625$9,977$7,021
15 years$16,713$14,306$12,199$10,367$8,784$5,997
16 years$15,506$13,125$11,060$9,283$7,763$5,140
17 years$14,443$12,088$10,064$8,340$6,884$4,416
18 years$13,498$11,170$9,187$7,516$6,121$3,804
19 years$12,654$10,352$8,411$6,792$5,455$3,282
20 years$11,895$9,620$7,719$6,151$4,873$2,837
21 years$11,210$8,960$7,100$5,583$4,361$2,455
22 years$10,587$8,364$6,544$5,076$3,909$2,128
23 years$10,020$7,823$6,042$4,623$3,509$1,846
24 years$9,501$7,329$5,588$4,216$3,154$1,603
25 years$9,024$6,878$5,175$3,850$2,838$1,393
26 years$8,584$6,464$4,800$3,521$2,556$1,211
27 years$8,177$6,084$4,457$3,223$2,305$1,053
28 years$7,801$5,733$4,143$2,953$2,080$917
29 years$7,451$5,408$3,856$2,708$1,878$798
30 years$7,124$5,107$3,592$2,485$1,697$696
31 years$6,820$4,828$3,348$2,282$1,534$606
32 years$6,535$4,569$3,124$2,097$1,388$528
33 years$6,268$4,326$2,917$1,929$1,256$461
34 years$6,017$4,100$2,725$1,775$1,137$402
35 years$5,781$3,889$2,548$1,634$1,030$350
36 years$5,559$3,691$2,384$1,504$933$306
37 years$5,349$3,506$2,231$1,386$846$267
38 years$5,151$3,332$2,089$1,278$767$233
39 years$4,963$3,168$1,957$1,178$695$203
40 years$4,785$3,014$1,835$1,087$631$177
41 years$4,616$2,869$1,720$1,003$572$155
42 years$4,456$2,733$1,614$925$519$135
43 years$4,304$2,604$1,514$854$471$118
44 years$4,158$2,482$1,421$789$428$103
45 years$4,020$2,367$1,335$728$388$90
46 years$3,888$2,258$1,254$673$352$78
47 years$3,763$2,155$1,178$622$320$69
48 years$3,642$2,057$1,107$574$291$60
49 years$3,527$1,964$1,040$531$264$52
50 years$3,417$1,876$978$491$240$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $3,500,000, adding $2,174 every year, while hoping to spend $34,146 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: 61/24/15 Blend
65$3,500,000$3,500,000$3,500,000$3,500,000
66$3,859,242$3,673,742$3,619,492$4,080,096
67$4,216,554$3,817,425$3,704,414$4,372,674
68$4,609,167$3,967,003$3,791,037$4,687,773
69$5,040,646$4,122,730$3,879,381$5,030,817
70$5,514,918$4,284,870$3,969,466$5,404,514
71$6,036,310$4,453,699$4,061,314$5,811,847
72$6,609,589$4,629,505$4,154,942$6,256,094
73$7,240,005$4,812,589$4,250,371$6,740,865
74$7,933,346$5,003,266$4,347,619$7,270,132
75$8,695,985$5,201,864$4,446,702$7,848,265
76$9,534,947$5,408,727$4,547,637$8,480,075
77$10,457,970$5,624,213$4,650,442$9,170,857
78$11,473,580$5,848,697$4,755,129$9,926,439
79$12,591,173$6,082,571$4,861,714$10,753,238
80$13,821,101$6,326,245$4,970,209$11,658,318
81$15,174,768$6,580,146$5,080,626$12,649,455
82$16,664,742$6,844,721$5,192,975$13,735,212
83$18,304,872$7,120,438$5,307,266$14,925,016
84$20,110,415$7,407,786$5,423,505$16,229,249
85$22,098,185$7,707,275$5,541,700$17,659,343
86$24,286,707$8,019,438$5,661,854$19,227,887
87$26,696,395$8,344,835$5,783,970$20,948,743
88$29,349,743$8,684,048$5,908,049$22,837,181
89$32,271,538$9,037,687$6,034,090$24,910,015
90$35,489,092$9,406,391$6,162,089$27,185,766
91$39,032,501$9,790,825$6,292,041$29,684,832
92$42,934,928$10,191,688$6,423,936$32,429,680
93$47,232,918$10,609,708$6,557,765$35,445,059
94$51,966,740$11,045,648$6,693,515$38,758,228
95$57,180,768$11,500,305$6,831,168$42,399,215
96$62,923,899$11,974,513$6,970,705$46,401,096
97$69,250,016$12,469,144$7,112,103$50,800,309
98$76,218,496$12,985,110$7,255,336$55,636,994
99$83,894,767$13,523,365$7,400,375$60,955,370
100$92,350,931$14,084,907$7,547,185$66,804,149