Can I retire at age 66 with 2,820,000?

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 $2,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$232,873$230,799$228,775$226,800$224,871$223,173
2 years$115,284$113,137$111,056$109,038$107,081$105,370
3 years$76,092$73,936$71,860$69,862$67,937$66,264
4 years$56,501$54,351$52,296$50,332$48,453$46,833
5 years$44,748$42,612$40,584$38,659$36,833$35,270
6 years$36,916$34,796$32,798$30,916$29,145$27,640
7 years$31,324$29,221$27,255$25,418$23,703$22,257
8 years$27,132$25,048$23,114$21,323$19,664$18,277
9 years$23,873$21,809$19,909$18,162$16,560$15,233
10 years$21,267$19,223$17,357$15,656$14,110$12,841
11 years$19,137$17,113$15,281$13,625$12,135$10,923
12 years$17,363$15,360$13,561$11,951$10,516$9,361
13 years$15,863$13,881$12,116$10,551$9,170$8,070
14 years$14,578$12,618$10,886$9,366$8,038$6,992
15 years$13,466$11,526$9,829$8,353$7,078$6,084
16 years$12,494$10,575$8,911$7,479$6,255$5,312
17 years$11,637$9,739$8,109$6,720$5,546$4,652
18 years$10,876$9,000$7,402$6,056$4,931$4,085
19 years$10,196$8,341$6,777$5,472$4,396$3,595
20 years$9,584$7,751$6,219$4,956$3,926$3,170
21 years$9,032$7,219$5,720$4,498$3,513$2,800
22 years$8,530$6,739$5,272$4,090$3,149$2,476
23 years$8,073$6,303$4,868$3,725$2,827$2,193
24 years$7,655$5,905$4,502$3,397$2,541$1,945
25 years$7,270$5,542$4,170$3,102$2,287$1,726
26 years$6,916$5,209$3,867$2,837$2,060$1,533
27 years$6,589$4,902$3,591$2,596$1,857$1,363
28 years$6,285$4,619$3,338$2,379$1,676$1,213
29 years$6,003$4,357$3,107$2,181$1,513$1,079
30 years$5,740$4,115$2,894$2,002$1,367$961
31 years$5,495$3,890$2,698$1,839$1,236$857
32 years$5,265$3,681$2,517$1,690$1,118$763
33 years$5,050$3,486$2,350$1,554$1,012$681
34 years$4,848$3,304$2,196$1,430$916$607
35 years$4,658$3,134$2,053$1,316$830$542
36 years$4,479$2,974$1,921$1,212$752$484
37 years$4,310$2,825$1,798$1,117$681$432
38 years$4,150$2,685$1,683$1,029$618$386
39 years$3,999$2,553$1,577$949$560$344
40 years$3,855$2,429$1,478$875$508$308
41 years$3,719$2,312$1,386$808$461$275
42 years$3,590$2,202$1,300$745$418$245
43 years$3,467$2,098$1,220$688$380$219
44 years$3,351$2,000$1,145$635$345$196
45 years$3,239$1,907$1,075$587$313$175
46 years$3,133$1,819$1,010$542$284$157
47 years$3,032$1,736$949$501$258$140
48 years$2,935$1,657$892$463$234$125
49 years$2,842$1,583$838$428$213$112
50 years$2,753$1,512$788$395$193$100

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,820,000, adding $4,193 every year, while hoping to spend $47,514 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: 73/11/16 Blend
65$2,820,000$2,820,000$2,820,000$2,820,000
66$3,111,965$2,962,505$2,918,795$3,327,578
67$3,378,831$3,057,113$2,966,020$3,565,664
68$3,671,325$3,154,765$3,013,235$3,820,174
69$3,992,010$3,255,559$3,060,389$4,097,721
70$4,343,711$3,359,597$3,107,428$4,400,578
71$4,729,538$3,466,986$3,154,295$4,731,251
72$5,152,916$3,577,833$3,200,929$5,092,497
73$5,617,620$3,692,253$3,247,266$5,487,356
74$6,127,805$3,810,361$3,293,237$5,919,173
75$6,688,050$3,932,278$3,338,770$6,391,634
76$7,303,399$4,058,128$3,383,787$6,908,798
77$7,979,409$4,188,039$3,428,207$7,475,135
78$8,722,200$4,322,144$3,471,943$8,095,573
79$9,538,516$4,460,581$3,514,905$8,775,536
80$10,435,786$4,603,491$3,556,995$9,521,001
81$11,422,194$4,751,020$3,598,112$10,338,552
82$12,506,757$4,903,319$3,638,148$11,235,443
83$13,699,410$5,060,545$3,676,990$12,219,666
84$15,011,098$5,222,860$3,714,517$13,300,025
85$16,453,880$5,390,430$3,750,604$14,486,218
86$18,041,043$5,563,429$3,785,116$15,788,934
87$19,787,226$5,742,033$3,817,914$17,219,945
88$21,708,558$5,926,428$3,848,849$18,792,225
89$23,822,812$6,116,804$3,877,766$20,520,067
90$26,149,569$6,313,357$3,904,502$22,419,220
91$28,710,405$6,516,292$3,928,883$24,507,035
92$31,529,094$6,725,819$3,950,729$26,802,634
93$34,631,832$6,942,154$3,969,849$29,327,082
94$38,047,483$7,165,523$3,986,042$32,103,592
95$41,807,851$7,396,158$3,999,099$35,157,743
96$45,947,981$7,634,300$4,008,799$38,517,719
97$50,506,490$7,880,195$4,014,908$42,214,575
98$55,525,930$8,134,102$4,017,185$46,282,532
99$61,053,187$8,396,285$4,015,373$50,759,298
100$67,139,928$8,667,019$4,009,204$55,686,423