Can I retire at age 66 with 2,910,000?

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 $2,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$240,305$238,165$236,076$234,038$232,047$230,973
2 years$118,963$116,747$114,600$112,518$110,499$109,414
3 years$78,521$76,296$74,154$72,091$70,105$69,043
4 years$58,304$56,085$53,965$51,938$49,999$48,970
5 years$46,177$43,972$41,879$39,893$38,009$37,014
6 years$38,095$35,906$33,845$31,903$30,075$29,116
7 years$32,324$30,154$28,125$26,229$24,459$23,536
8 years$27,998$25,847$23,852$22,003$20,291$19,405
9 years$24,635$22,505$20,544$18,742$17,088$16,238
10 years$21,946$19,837$17,911$16,156$14,560$13,746
11 years$19,748$17,660$15,768$14,060$12,522$11,744
12 years$17,917$15,850$13,994$12,333$10,851$10,108
13 years$16,369$14,324$12,503$10,888$9,463$8,753
14 years$15,044$13,020$11,234$9,665$8,295$7,619
15 years$13,896$11,894$10,142$8,620$7,303$6,660
16 years$12,892$10,913$9,196$7,718$6,455$5,843
17 years$12,008$10,050$8,368$6,934$5,723$5,142
18 years$11,223$9,287$7,639$6,249$5,089$4,537
19 years$10,521$8,607$6,993$5,647$4,536$4,013
20 years$9,890$7,998$6,418$5,114$4,051$3,556
21 years$9,320$7,450$5,903$4,641$3,626$3,157
22 years$8,803$6,954$5,441$4,220$3,250$2,807
23 years$8,331$6,504$5,023$3,843$2,917$2,500
24 years$7,899$6,094$4,646$3,505$2,622$2,228
25 years$7,502$5,719$4,303$3,201$2,359$1,988
26 years$7,137$5,375$3,991$2,927$2,125$1,776
27 years$6,799$5,058$3,706$2,679$1,916$1,587
28 years$6,486$4,766$3,445$2,455$1,729$1,420
29 years$6,195$4,497$3,206$2,251$1,561$1,271
30 years$5,924$4,246$2,986$2,066$1,411$1,138
31 years$5,670$4,014$2,784$1,897$1,275$1,020
32 years$5,433$3,798$2,597$1,744$1,154$915
33 years$5,211$3,597$2,425$1,604$1,044$820
34 years$5,003$3,409$2,266$1,475$945$736
35 years$4,807$3,234$2,119$1,358$856$661
36 years$4,622$3,069$1,982$1,251$776$593
37 years$4,447$2,915$1,855$1,152$703$533
38 years$4,282$2,770$1,737$1,062$637$478
39 years$4,126$2,634$1,627$979$578$430
40 years$3,978$2,506$1,525$903$524$386
41 years$3,838$2,386$1,430$834$476$347
42 years$3,705$2,272$1,342$769$432$312
43 years$3,578$2,165$1,259$710$392$280
44 years$3,457$2,064$1,182$656$356$252
45 years$3,343$1,968$1,110$606$323$227
46 years$3,233$1,877$1,042$559$293$204
47 years$3,128$1,791$979$517$266$183
48 years$3,028$1,710$920$477$242$165
49 years$2,933$1,633$865$441$219$148
50 years$2,841$1,560$813$408$199$133

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,910,000, adding $6,312 every year, while hoping to spend $42,684 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: 45/46/9 Blend
65$2,910,000$2,910,000$2,910,000$2,910,000
66$3,213,331$3,059,101$3,013,996$3,349,511
67$3,495,675$3,163,581$3,069,549$3,548,819
68$3,805,388$3,271,751$3,125,533$3,759,911
69$4,145,216$3,383,745$3,181,917$3,987,824
70$4,518,184$3,499,705$3,238,667$4,234,121
71$4,927,625$3,619,776$3,295,749$4,500,524
72$5,377,209$3,744,112$3,353,123$4,788,922
73$5,870,981$3,872,869$3,410,748$5,101,393
74$6,413,393$4,006,213$3,468,581$5,440,222
75$7,009,355$4,144,313$3,526,574$5,807,919
76$7,664,271$4,287,346$3,584,676$6,207,247
77$8,384,098$4,435,496$3,642,834$6,641,242
78$9,175,395$4,588,956$3,700,989$7,113,245
79$10,045,394$4,747,922$3,759,080$7,626,932
80$11,002,056$4,912,603$3,817,041$8,186,345
81$12,054,157$5,083,211$3,874,803$8,795,933
82$13,211,363$5,259,971$3,932,291$9,460,591
83$14,484,327$5,443,115$3,989,428$10,185,705
84$15,884,783$5,632,882$4,046,129$10,977,204
85$17,425,663$5,829,525$4,102,305$11,841,612
86$19,121,211$6,033,303$4,157,864$12,786,112
87$20,987,127$6,244,487$4,212,704$13,818,610
88$23,040,706$6,463,359$4,266,722$14,947,809
89$25,301,006$6,690,211$4,319,805$16,183,291
90$27,789,027$6,925,350$4,371,837$17,535,606
91$30,527,906$7,169,090$4,422,692$19,016,369
92$33,543,139$7,421,763$4,472,239$20,638,372
93$36,862,820$7,683,710$4,520,339$22,415,698
94$40,517,904$7,955,288$4,566,847$24,363,856
95$44,542,502$8,236,868$4,611,608$26,499,927
96$48,974,199$8,528,837$4,654,459$28,842,722
97$53,854,413$8,831,596$4,695,229$31,412,957
98$59,228,782$9,145,562$4,733,738$34,233,449
99$65,147,594$9,471,171$4,769,794$37,329,328
100$71,666,266$9,808,876$4,803,200$40,728,276