Can I retire at age 66 with 2,810,000?

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 $2,810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$232,047$229,980$227,964$225,995$224,073$221,182
2 years$114,875$112,735$110,662$108,652$106,702$103,792
3 years$75,822$73,674$71,606$69,614$67,696$64,860
4 years$56,300$54,158$52,111$50,153$48,281$45,540
5 years$44,590$42,461$40,440$38,522$36,703$34,064
6 years$36,785$34,672$32,681$30,807$29,042$26,509
7 years$31,213$29,118$27,158$25,328$23,619$21,193
8 years$27,036$24,959$23,033$21,247$19,594$17,274
9 years$23,788$21,732$19,838$18,098$16,501$14,287
10 years$21,192$19,155$17,295$15,600$14,060$11,950
11 years$19,069$17,053$15,226$13,577$12,092$10,084
12 years$17,301$15,306$13,513$11,909$10,478$8,570
13 years$15,807$13,832$12,073$10,514$9,137$7,327
14 years$14,527$12,573$10,848$9,333$8,010$6,294
15 years$13,418$11,485$9,794$8,323$7,052$5,428
16 years$12,449$10,538$8,880$7,453$6,233$4,698
17 years$11,595$9,705$8,080$6,696$5,527$4,077
18 years$10,837$8,968$7,376$6,035$4,914$3,547
19 years$10,159$8,311$6,752$5,453$4,380$3,092
20 years$9,550$7,723$6,197$4,938$3,912$2,701
21 years$9,000$7,194$5,700$4,482$3,501$2,362
22 years$8,500$6,715$5,254$4,075$3,138$2,069
23 years$8,045$6,281$4,851$3,711$2,817$1,815
24 years$7,628$5,884$4,486$3,385$2,532$1,593
25 years$7,245$5,522$4,155$3,091$2,278$1,399
26 years$6,892$5,190$3,854$2,827$2,052$1,230
27 years$6,565$4,884$3,578$2,587$1,850$1,083
28 years$6,263$4,603$3,327$2,370$1,670$953
29 years$5,982$4,342$3,096$2,174$1,508$839
30 years$5,720$4,101$2,883$1,995$1,362$740
31 years$5,475$3,876$2,688$1,832$1,232$652
32 years$5,247$3,668$2,508$1,684$1,114$575
33 years$5,032$3,474$2,342$1,548$1,008$507
34 years$4,831$3,292$2,188$1,425$913$448
35 years$4,641$3,123$2,046$1,312$827$395
36 years$4,463$2,964$1,914$1,208$749$349
37 years$4,294$2,815$1,791$1,113$679$308
38 years$4,135$2,675$1,677$1,026$616$272
39 years$3,985$2,544$1,572$946$558$240
40 years$3,842$2,420$1,473$872$506$212
41 years$3,706$2,304$1,381$805$459$187
42 years$3,578$2,194$1,296$743$417$166
43 years$3,455$2,090$1,216$686$378$146
44 years$3,339$1,993$1,141$633$343$129
45 years$3,228$1,900$1,072$585$312$114
46 years$3,122$1,813$1,006$540$283$101
47 years$3,021$1,730$946$499$257$89
48 years$2,924$1,651$889$461$233$79
49 years$2,832$1,577$835$426$212$70
50 years$2,744$1,506$785$394$193$62

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,810,000, adding $3,929 every year, while hoping to spend $45,644 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: 58/29/13 Blend
65$2,810,000$2,810,000$2,810,000$2,810,000
66$3,100,673$2,951,743$2,908,188$3,270,190
67$3,368,377$3,047,813$2,957,047$3,481,176
68$3,661,856$3,147,061$3,006,014$3,705,646
69$3,983,693$3,249,595$3,055,042$3,949,253
70$4,336,729$3,355,525$3,104,086$4,213,840
71$4,724,096$3,464,966$3,153,094$4,501,438
72$5,149,243$3,578,038$3,202,011$4,814,279
73$5,615,968$3,694,865$3,250,781$5,154,823
74$6,128,457$3,815,573$3,299,342$5,525,773
75$6,691,319$3,940,295$3,347,629$5,930,109
76$7,309,632$4,069,168$3,395,573$6,371,108
77$7,988,990$4,202,333$3,443,101$6,852,380
78$8,735,557$4,339,938$3,490,135$7,377,898
79$9,556,123$4,482,133$3,536,593$7,952,036
80$10,458,166$4,629,076$3,582,387$8,579,613
81$11,449,928$4,780,930$3,627,427$9,265,933
82$12,540,488$4,937,864$3,671,613$10,016,836
83$13,739,850$5,100,051$3,714,844$10,838,757
84$15,059,034$5,267,672$3,757,010$11,738,779
85$16,510,183$5,440,916$3,797,997$12,724,706
86$18,106,675$5,619,974$3,837,684$13,805,131
87$19,863,252$5,805,049$3,875,943$14,989,521
88$21,796,155$5,996,348$3,912,638$16,288,302
89$23,923,280$6,194,086$3,947,629$17,712,958
90$26,264,345$6,398,487$3,980,765$19,276,142
91$28,841,077$6,609,782$4,011,889$20,991,788
92$31,677,415$6,828,209$4,040,836$22,875,249
93$34,799,739$7,054,018$4,067,431$24,943,438
94$38,237,112$7,287,466$4,091,490$27,214,985
95$42,021,564$7,528,817$4,112,821$29,710,418
96$46,188,384$7,778,350$4,131,221$32,452,348
97$50,776,459$8,036,349$4,146,477$35,465,690
98$55,828,639$8,303,111$4,158,365$38,777,892
99$61,392,140$8,578,944$4,166,650$42,419,195
100$67,518,991$8,864,165$4,171,086$46,422,917