Can I retire at age 66 with 3,600,000?

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 $3,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$297,285$294,637$292,053$289,531$287,069$282,896
2 years$147,171$144,430$141,773$139,198$136,700$132,504
3 years$97,139$94,386$91,737$89,185$86,728$82,640
4 years$72,128$69,384$66,761$64,253$61,855$57,907
5 years$57,126$54,398$51,809$49,352$47,021$43,224
6 years$47,127$44,420$41,869$39,468$37,206$33,564
7 years$39,988$37,304$34,794$32,448$30,259$26,773
8 years$34,637$31,976$29,508$27,220$25,102$21,773
9 years$30,476$27,841$25,415$23,186$21,140$17,965
10 years$27,150$24,541$22,157$19,986$18,012$14,990
11 years$24,430$21,847$19,507$17,394$15,491$12,618
12 years$22,165$19,609$17,312$15,257$13,424$10,697
13 years$20,251$17,721$15,467$13,470$11,706$9,121
14 years$18,611$16,107$13,897$11,957$10,262$7,814
15 years$17,191$14,714$12,547$10,663$9,035$6,721
16 years$15,949$13,500$11,376$9,548$7,985$5,800
17 years$14,855$12,433$10,352$8,579$7,080$5,019
18 years$13,884$11,489$9,450$7,731$6,295$4,354
19 years$13,016$10,648$8,651$6,986$5,611$3,785
20 years$12,235$9,894$7,939$6,327$5,012$3,296
21 years$11,530$9,216$7,303$5,742$4,485$2,875
22 years$10,890$8,603$6,731$5,221$4,020$2,510
23 years$10,306$8,046$6,214$4,755$3,609$2,194
24 years$9,772$7,539$5,747$4,337$3,244$1,920
25 years$9,281$7,075$5,323$3,960$2,919$1,682
26 years$8,829$6,649$4,937$3,621$2,629$1,474
27 years$8,411$6,258$4,584$3,315$2,371$1,293
28 years$8,024$5,897$4,262$3,037$2,139$1,134
29 years$7,664$5,563$3,966$2,785$1,931$996
30 years$7,328$5,253$3,694$2,556$1,745$875
31 years$7,015$4,966$3,444$2,347$1,578$769
32 years$6,722$4,699$3,213$2,157$1,427$676
33 years$6,447$4,450$3,000$1,984$1,292$594
34 years$6,189$4,218$2,803$1,825$1,169$522
35 years$5,946$4,000$2,621$1,680$1,059$460
36 years$5,718$3,797$2,452$1,547$960$404
37 years$5,502$3,606$2,295$1,426$870$356
38 years$5,298$3,427$2,149$1,314$789$313
39 years$5,105$3,259$2,013$1,212$715$276
40 years$4,922$3,101$1,887$1,118$649$243
41 years$4,748$2,951$1,770$1,031$588$214
42 years$4,583$2,811$1,660$952$534$188
43 years$4,427$2,678$1,558$878$485$166
44 years$4,277$2,553$1,462$811$440$146
45 years$4,135$2,434$1,373$749$399$128
46 years$3,999$2,322$1,289$692$363$113
47 years$3,870$2,216$1,211$639$329$100
48 years$3,746$2,116$1,138$591$299$88
49 years$3,628$2,020$1,070$546$272$77
50 years$3,515$1,930$1,006$505$247$68

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $3,600,000, adding $4,921 every year, while hoping to spend $27,194 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: 60/21/19 Blend
65$3,600,000$3,600,000$3,600,000$3,600,000
66$3,972,276$3,781,476$3,725,676$4,190,687
67$4,348,514$3,937,834$3,821,552$4,495,375
68$4,762,217$4,100,942$3,919,728$4,824,195
69$5,217,177$4,271,103$4,020,253$5,182,313
70$5,717,574$4,448,631$4,123,176$5,572,569
71$6,268,010$4,633,858$4,228,547$5,998,090
72$6,873,560$4,827,130$4,336,416$6,462,317
73$7,539,811$5,028,807$4,446,834$6,969,035
74$8,272,922$5,239,269$4,559,853$7,522,409
75$9,079,678$5,458,911$4,675,526$8,127,023
76$9,967,555$5,688,147$4,793,906$8,787,922
77$10,944,790$5,927,411$4,915,046$9,510,659
78$12,020,460$6,177,157$5,039,002$10,301,347
79$13,204,567$6,437,857$5,165,829$11,166,712
80$14,508,131$6,710,010$5,295,582$12,114,162
81$15,943,294$6,994,134$5,428,317$13,151,853
82$17,523,437$7,290,773$5,564,093$14,288,761
83$19,263,302$7,600,496$5,702,965$15,534,772
84$21,179,137$7,923,899$5,844,993$16,900,770
85$23,288,844$8,261,604$5,990,234$18,398,741
86$25,612,147$8,614,264$6,138,748$20,041,884
87$28,170,784$8,982,561$6,290,594$21,844,732
88$30,988,708$9,367,210$6,445,833$23,823,293
89$34,092,311$9,768,959$6,604,524$25,995,194
90$37,510,679$10,188,590$6,766,727$28,379,851
91$41,275,861$10,626,923$6,932,505$30,998,647
92$45,423,172$11,084,816$7,101,917$33,875,135
93$49,991,530$11,563,167$7,275,026$37,035,256
94$55,023,819$12,062,915$7,451,893$40,507,584
95$60,567,296$12,585,045$7,632,579$44,323,596
96$66,674,036$13,130,588$7,817,145$48,517,961
97$73,401,423$13,700,622$8,005,655$53,128,873
98$80,812,692$14,296,276$8,198,168$58,198,404
99$88,977,527$14,918,734$8,394,747$63,772,901
100$97,972,716$15,569,234$8,595,453$69,903,421