Can I retire at age 66 with 2,840,000?

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 $2,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$234,525$232,436$230,397$228,408$226,466$224,007
2 years$116,101$113,939$111,843$109,812$107,841$105,366
3 years$76,632$74,460$72,370$70,357$68,419$66,003
4 years$56,901$54,736$52,667$50,689$48,797$46,460
5 years$45,066$42,914$40,872$38,934$37,094$34,843
6 years$37,178$35,042$33,030$31,136$29,352$27,188
7 years$31,546$29,429$27,448$25,598$23,871$21,797
8 years$27,324$25,226$23,278$21,474$19,803$17,818
9 years$24,042$21,964$20,050$18,291$16,677$14,780
10 years$21,418$19,360$17,480$15,767$14,210$12,399
11 years$19,273$17,235$15,389$13,722$12,221$10,496
12 years$17,486$15,469$13,657$12,036$10,590$8,949
13 years$15,975$13,980$12,202$10,626$9,235$7,675
14 years$14,682$12,707$10,963$9,433$8,095$6,615
15 years$13,561$11,608$9,899$8,412$7,128$5,725
16 years$12,582$10,650$8,974$7,532$6,300$4,971
17 years$11,719$9,808$8,166$6,768$5,586$4,330
18 years$10,953$9,063$7,455$6,099$4,966$3,780
19 years$10,268$8,400$6,825$5,511$4,427$3,308
20 years$9,652$7,806$6,263$4,991$3,954$2,900
21 years$9,096$7,271$5,761$4,530$3,538$2,546
22 years$8,591$6,787$5,310$4,119$3,172$2,238
23 years$8,131$6,348$4,903$3,751$2,847$1,970
24 years$7,709$5,947$4,534$3,421$2,559$1,736
25 years$7,322$5,581$4,199$3,124$2,303$1,532
26 years$6,965$5,245$3,895$2,857$2,074$1,352
27 years$6,635$4,937$3,617$2,615$1,870$1,194
28 years$6,330$4,652$3,362$2,396$1,687$1,056
29 years$6,046$4,388$3,129$2,197$1,524$934
30 years$5,781$4,144$2,914$2,016$1,377$826
31 years$5,534$3,918$2,717$1,852$1,245$731
32 years$5,303$3,707$2,535$1,702$1,126$648
33 years$5,086$3,511$2,367$1,565$1,019$574
34 years$4,882$3,327$2,211$1,440$923$508
35 years$4,691$3,156$2,068$1,326$836$450
36 years$4,511$2,995$1,934$1,221$757$399
37 years$4,340$2,845$1,810$1,125$686$354
38 years$4,179$2,704$1,695$1,037$622$314
39 years$4,027$2,571$1,588$956$564$279
40 years$3,883$2,446$1,489$882$512$247
41 years$3,746$2,328$1,396$813$464$219
42 years$3,616$2,217$1,309$751$421$195
43 years$3,492$2,113$1,229$693$382$173
44 years$3,374$2,014$1,153$640$347$153
45 years$3,262$1,920$1,083$591$315$136
46 years$3,155$1,832$1,017$546$286$121
47 years$3,053$1,748$956$504$260$107
48 years$2,955$1,669$898$466$236$95
49 years$2,862$1,594$844$431$214$84
50 years$2,773$1,522$794$398$195$75

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,840,000, adding $5,821 every year, while hoping to spend $44,407 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: 69/6/25 Blend
65$2,840,000$2,840,000$2,840,000$2,840,000
66$3,135,684$2,985,164$2,941,144$3,331,626
67$3,408,275$3,084,189$2,992,424$3,562,731
68$3,707,183$3,186,577$3,043,933$3,809,888
69$4,035,043$3,292,447$3,095,633$4,079,334
70$4,394,761$3,401,921$3,147,481$4,373,272
71$4,789,538$3,515,126$3,199,432$4,694,134
72$5,222,896$3,632,193$3,251,439$5,044,594
73$5,698,720$3,753,258$3,303,450$5,427,601
74$6,221,284$3,878,463$3,355,410$5,846,401
75$6,795,301$4,007,953$3,407,262$6,304,570
76$7,425,960$4,141,881$3,458,944$6,806,049
77$8,118,979$4,280,405$3,510,390$7,355,178
78$8,880,656$4,423,686$3,561,529$7,956,740
79$9,717,931$4,571,894$3,612,288$8,616,001
80$10,638,449$4,725,206$3,662,588$9,338,766
81$11,650,631$4,883,802$3,712,346$10,131,430
82$12,763,759$5,047,872$3,761,473$11,001,037
83$13,988,056$5,217,611$3,809,876$11,955,352
84$15,334,787$5,393,223$3,857,456$13,002,925
85$16,816,363$5,574,918$3,904,108$14,153,181
86$18,446,458$5,762,915$3,949,722$15,416,503
87$20,240,140$5,957,442$3,994,181$16,804,333
88$22,214,010$6,158,732$4,037,362$18,329,277
89$24,386,361$6,367,031$4,079,135$20,005,225
90$26,777,346$6,582,592$4,119,363$21,847,484
91$29,409,175$6,805,679$4,157,901$23,872,921
92$32,306,317$7,036,563$4,194,597$26,100,119
93$35,495,736$7,275,530$4,229,290$28,549,558
94$39,007,142$7,522,872$4,261,812$31,243,804
95$42,873,273$7,778,895$4,291,986$34,207,723
96$47,130,203$8,043,916$4,319,623$37,468,719
97$51,817,680$8,318,266$4,344,528$41,056,984
98$56,979,507$8,602,284$4,366,493$45,005,794
99$62,663,948$8,896,327$4,385,301$49,351,813
100$68,924,186$9,200,762$4,400,724$54,135,447