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

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 $3,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$289,027$286,452$283,940$281,489$279,095$270,594
2 years$143,083$140,418$137,835$135,331$132,902$124,411
3 years$94,441$91,765$89,188$86,708$84,319$76,103
4 years$70,125$67,457$64,906$62,468$60,137$52,260
5 years$55,539$52,887$50,370$47,982$45,715$38,198
6 years$45,818$43,186$40,706$38,371$36,173$29,022
7 years$38,878$36,268$33,827$31,547$29,418$22,634
8 years$33,674$31,088$28,688$26,464$24,405$17,983
9 years$29,630$27,068$24,709$22,542$20,553$14,485
10 years$26,396$23,859$21,542$19,431$17,512$11,791
11 years$23,752$21,240$18,965$16,911$15,061$9,676
12 years$21,550$19,064$16,831$14,833$13,051$7,991
13 years$19,688$17,228$15,038$13,095$11,381$6,635
14 years$18,094$15,660$13,511$11,625$9,977$5,531
15 years$16,713$14,306$12,199$10,367$8,784$4,627
16 years$15,506$13,125$11,060$9,283$7,763$3,881
17 years$14,443$12,088$10,064$8,340$6,884$3,263
18 years$13,498$11,170$9,187$7,516$6,121$2,749
19 years$12,654$10,352$8,411$6,792$5,455$2,320
20 years$11,895$9,620$7,719$6,151$4,873$1,960
21 years$11,210$8,960$7,100$5,583$4,361$1,658
22 years$10,587$8,364$6,544$5,076$3,909$1,403
23 years$10,020$7,823$6,042$4,623$3,509$1,189
24 years$9,501$7,329$5,588$4,216$3,154$1,008
25 years$9,024$6,878$5,175$3,850$2,838$855
26 years$8,584$6,464$4,800$3,521$2,556$726
27 years$8,177$6,084$4,457$3,223$2,305$617
28 years$7,801$5,733$4,143$2,953$2,080$524
29 years$7,451$5,408$3,856$2,708$1,878$445
30 years$7,124$5,107$3,592$2,485$1,697$378
31 years$6,820$4,828$3,348$2,282$1,534$321
32 years$6,535$4,569$3,124$2,097$1,388$273
33 years$6,268$4,326$2,917$1,929$1,256$232
34 years$6,017$4,100$2,725$1,775$1,137$198
35 years$5,781$3,889$2,548$1,634$1,030$168
36 years$5,559$3,691$2,384$1,504$933$143
37 years$5,349$3,506$2,231$1,386$846$122
38 years$5,151$3,332$2,089$1,278$767$103
39 years$4,963$3,168$1,957$1,178$695$88
40 years$4,785$3,014$1,835$1,087$631$75
41 years$4,616$2,869$1,720$1,003$572$64
42 years$4,456$2,733$1,614$925$519$54
43 years$4,304$2,604$1,514$854$471$46
44 years$4,158$2,482$1,421$789$428$39
45 years$4,020$2,367$1,335$728$388$33
46 years$3,888$2,258$1,254$673$352$28
47 years$3,763$2,155$1,178$622$320$24
48 years$3,642$2,057$1,107$574$291$21
49 years$3,527$1,964$1,040$531$264$18
50 years$3,417$1,876$978$491$240$15

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 $5,567 every year, while hoping to spend $44,930 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: 41/40/19 Blend
65$3,500,000$3,500,000$3,500,000$3,500,000
66$3,862,742$3,677,242$3,622,992$3,999,275
67$4,208,937$3,809,622$3,696,557$4,229,314
68$4,588,937$3,946,983$3,771,081$4,473,378
69$5,006,145$4,089,520$3,846,548$4,736,614
70$5,464,305$4,237,440$3,922,941$5,020,797
71$5,967,545$4,390,956$4,000,240$5,327,877
72$6,520,410$4,550,288$4,078,424$5,659,997
73$7,127,910$4,715,670$4,157,469$6,019,512
74$7,795,560$4,887,342$4,237,348$6,409,011
75$8,529,440$5,065,554$4,318,032$6,831,341
76$9,336,246$5,250,569$4,399,488$7,289,631
77$10,223,355$5,442,659$4,481,683$7,787,320
78$11,198,896$5,642,108$4,564,578$8,328,195
79$12,271,824$5,849,212$4,648,132$8,916,417
80$13,452,005$6,064,279$4,732,300$9,556,564
81$14,750,312$6,287,630$4,817,035$10,253,675
82$16,178,721$6,519,602$4,902,283$11,013,291
83$17,750,430$6,760,542$4,987,989$11,841,512
84$19,479,980$7,010,815$5,074,092$12,745,047
85$21,383,393$7,270,799$5,160,529$13,731,283
86$23,478,323$7,540,892$5,247,230$14,808,348
87$25,784,220$7,821,504$5,334,121$15,985,190
88$28,322,519$8,113,066$5,421,123$17,271,657
89$31,116,836$8,416,027$5,508,151$18,678,593
90$34,193,195$8,730,853$5,595,115$20,217,933
91$37,580,269$9,058,033$5,681,919$21,902,819
92$41,309,654$9,398,075$5,768,461$23,747,720
93$45,416,167$9,751,509$5,854,633$25,768,568
94$49,938,171$10,118,888$5,940,319$27,982,907
95$54,917,941$10,500,790$6,025,396$30,410,055
96$60,402,059$10,897,817$6,109,735$33,071,286
97$66,441,856$11,310,596$6,193,197$35,990,029
98$73,093,893$11,739,783$6,275,637$39,192,086
99$80,420,499$12,186,062$6,356,901$42,705,877
100$88,490,357$12,650,146$6,436,824$46,562,699