Can I retire at age 66 with 2,030,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,030,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$167,636$166,142$164,685$163,264$161,875$157,962
2 years$82,988$81,442$79,944$78,492$77,083$73,164
3 years$54,776$53,223$51,729$50,291$48,905$45,103
4 years$40,672$39,125$37,646$36,232$34,879$31,223
5 years$32,213$30,674$29,215$27,829$26,515$23,015
6 years$26,575$25,048$23,610$22,255$20,980$17,640
7 years$22,549$21,035$19,620$18,297$17,063$13,882
8 years$19,531$18,031$16,639$15,349$14,155$11,134
9 years$17,185$15,699$14,331$13,074$11,921$9,055
10 years$15,310$13,838$12,494$11,270$10,157$7,445
11 years$13,776$12,319$11,000$9,808$8,735$6,173
12 years$12,499$11,057$9,762$8,603$7,570$5,152
13 years$11,419$9,992$8,722$7,595$6,601$4,324
14 years$10,494$9,083$7,837$6,742$5,786$3,644
15 years$9,694$8,297$7,075$6,013$5,095$3,083
16 years$8,994$7,613$6,415$5,384$4,503$2,616
17 years$8,377$7,011$5,837$4,837$3,993$2,225
18 years$7,829$6,478$5,329$4,359$3,550$1,897
19 years$7,339$6,004$4,878$3,939$3,164$1,620
20 years$6,899$5,579$4,477$3,568$2,826$1,385
21 years$6,502$5,197$4,118$3,238$2,529$1,186
22 years$6,141$4,851$3,795$2,944$2,267$1,017
23 years$5,812$4,537$3,504$2,681$2,035$873
24 years$5,510$4,251$3,241$2,445$1,829$749
25 years$5,234$3,989$3,002$2,233$1,646$644
26 years$4,979$3,749$2,784$2,042$1,483$554
27 years$4,743$3,529$2,585$1,869$1,337$476
28 years$4,524$3,325$2,403$1,712$1,206$410
29 years$4,321$3,137$2,236$1,570$1,089$353
30 years$4,132$2,962$2,083$1,441$984$304
31 years$3,956$2,800$1,942$1,324$890$262
32 years$3,790$2,650$1,812$1,216$805$226
33 years$3,635$2,509$1,692$1,119$728$194
34 years$3,490$2,378$1,581$1,029$659$167
35 years$3,353$2,256$1,478$947$597$144
36 years$3,224$2,141$1,383$873$541$124
37 years$3,102$2,034$1,294$804$490$107
38 years$2,987$1,933$1,212$741$445$93
39 years$2,878$1,838$1,135$683$403$80
40 years$2,775$1,748$1,064$630$366$69
41 years$2,677$1,664$998$581$332$59
42 years$2,584$1,585$936$537$301$51
43 years$2,496$1,510$878$495$273$44
44 years$2,412$1,440$824$457$248$38
45 years$2,332$1,373$774$422$225$33
46 years$2,255$1,310$727$390$204$28
47 years$2,182$1,250$683$360$186$24
48 years$2,113$1,193$642$333$169$21
49 years$2,046$1,139$603$308$153$18
50 years$1,982$1,088$567$285$139$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,030,000, adding $4,460 every year, while hoping to spend $59,446 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: 56/27/17 Blend
65$2,030,000$2,030,000$2,030,000$2,030,000
66$2,241,660$2,134,070$2,102,605$2,356,874
67$2,407,060$2,175,390$2,109,793$2,477,070
68$2,587,337$2,216,742$2,115,228$2,601,142
69$2,783,948$2,258,064$2,118,791$2,734,960
70$2,998,493$2,299,292$2,120,353$2,879,473
71$3,232,736$2,340,353$2,119,781$3,035,724
72$3,488,615$2,381,171$2,116,934$3,204,864
73$3,768,268$2,421,662$2,111,665$3,388,163
74$4,074,045$2,461,737$2,103,819$3,587,019
75$4,408,536$2,501,301$2,093,236$3,802,974
76$4,774,591$2,540,250$2,079,744$4,037,730
77$5,175,351$2,578,473$2,063,167$4,293,160
78$5,614,271$2,615,852$2,043,317$4,571,333
79$6,095,158$2,652,261$2,020,000$4,874,526
80$6,622,206$2,687,563$1,993,011$5,205,255
81$7,200,030$2,721,613$1,962,136$5,566,288
82$7,833,717$2,754,256$1,927,152$5,960,681
83$8,528,867$2,785,325$1,887,822$6,391,804
84$9,291,651$2,814,645$1,843,903$6,863,369
85$10,128,862$2,842,026$1,795,137$7,379,473
86$11,047,987$2,867,266$1,741,255$7,944,630
87$12,057,271$2,890,152$1,681,977$8,563,820
88$13,165,798$2,910,454$1,617,008$9,242,531
89$14,383,573$2,927,930$1,546,041$9,986,816
90$15,721,619$2,942,320$1,468,755$10,803,347
91$17,192,080$2,953,349$1,384,814$11,699,483
92$18,808,333$2,960,725$1,293,867$12,683,335
93$20,585,119$2,964,136$1,195,547$13,763,845
94$22,538,674$2,963,252$1,089,471$14,950,875
95$24,686,889$2,957,721$975,238$16,255,295
96$27,049,473$2,947,172$852,431$17,689,090
97$29,648,144$2,931,207$720,612$19,265,472
98$32,506,827$2,909,409$579,325$20,999,010
99$35,651,886$2,881,332$428,094$22,905,761
100$39,112,364$2,846,504$266,422$25,003,432