Can I retire at age 66 with 2,050,000?

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 $2,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$169,287$167,779$166,308$164,872$163,470$159,002
2 years$83,805$82,245$80,732$79,265$77,843$73,374
3 years$55,315$53,748$52,239$50,786$49,387$45,057
4 years$41,073$39,510$38,017$36,589$35,223$31,066
5 years$32,530$30,977$29,502$28,104$26,776$22,803
6 years$26,836$25,295$23,842$22,475$21,187$17,401
7 years$22,771$21,242$19,813$18,478$17,231$13,633
8 years$19,724$18,209$16,803$15,500$14,294$10,882
9 years$17,355$15,854$14,472$13,203$12,038$8,808
10 years$15,460$13,974$12,617$11,381$10,257$7,206
11 years$13,912$12,441$11,108$9,905$8,821$5,944
12 years$12,622$11,166$9,858$8,688$7,644$4,935
13 years$11,532$10,091$8,808$7,670$6,666$4,119
14 years$10,598$9,172$7,914$6,809$5,843$3,453
15 years$9,789$8,379$7,145$6,072$5,145$2,905
16 years$9,082$7,688$6,478$5,437$4,547$2,451
17 years$8,459$7,080$5,895$4,885$4,032$2,073
18 years$7,906$6,542$5,381$4,402$3,585$1,757
19 years$7,412$6,063$4,926$3,978$3,195$1,491
20 years$6,967$5,634$4,521$3,603$2,854$1,268
21 years$6,566$5,248$4,158$3,270$2,554$1,079
22 years$6,201$4,899$3,833$2,973$2,289$919
23 years$5,869$4,582$3,539$2,708$2,055$784
24 years$5,565$4,293$3,273$2,469$1,847$669
25 years$5,285$4,029$3,031$2,255$1,662$571
26 years$5,028$3,786$2,811$2,062$1,497$488
27 years$4,790$3,563$2,611$1,887$1,350$417
28 years$4,569$3,358$2,427$1,729$1,218$356
29 years$4,364$3,168$2,258$1,586$1,100$305
30 years$4,173$2,992$2,104$1,455$994$261
31 years$3,995$2,828$1,961$1,337$898$223
32 years$3,828$2,676$1,830$1,228$813$191
33 years$3,671$2,534$1,708$1,130$736$163
34 years$3,524$2,402$1,596$1,039$666$140
35 years$3,386$2,278$1,492$957$603$120
36 years$3,256$2,162$1,396$881$546$103
37 years$3,133$2,054$1,307$812$495$88
38 years$3,017$1,952$1,224$748$449$75
39 years$2,907$1,856$1,146$690$407$64
40 years$2,803$1,766$1,075$636$369$55
41 years$2,704$1,681$1,008$587$335$47
42 years$2,610$1,601$945$542$304$41
43 years$2,521$1,525$887$500$276$35
44 years$2,436$1,454$833$462$250$30
45 years$2,355$1,386$782$427$227$25
46 years$2,277$1,322$734$394$206$22
47 years$2,204$1,262$690$364$187$19
48 years$2,133$1,205$648$336$170$16
49 years$2,066$1,150$609$311$155$14
50 years$2,002$1,099$573$287$140$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,050,000, adding $2,600 every year, while hoping to spend $36,166 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: 33/49/18 Blend
65$2,050,000$2,050,000$2,050,000$2,050,000
66$2,261,782$2,153,132$2,121,357$2,323,716
67$2,454,003$2,220,155$2,153,942$2,436,754
68$2,664,619$2,289,250$2,186,407$2,554,979
69$2,895,468$2,360,481$2,218,708$2,681,631
70$3,148,573$2,433,912$2,250,803$2,817,472
71$3,426,164$2,509,611$2,282,642$2,963,339
72$3,730,698$2,587,646$2,314,175$3,120,150
73$4,064,879$2,668,091$2,345,350$3,288,917
74$4,431,686$2,751,017$2,376,108$3,470,750
75$4,834,401$2,836,500$2,406,391$3,666,870
76$5,276,640$2,924,618$2,436,135$3,878,621
77$5,762,385$3,015,452$2,465,274$4,107,479
78$6,296,023$3,109,084$2,493,735$4,355,069
79$6,882,387$3,205,599$2,521,445$4,623,179
80$7,526,802$3,305,084$2,548,324$4,913,776
81$8,235,132$3,407,630$2,574,290$5,229,023
82$9,013,842$3,513,330$2,599,255$5,571,303
83$9,870,049$3,622,279$2,623,125$5,943,236
84$10,811,599$3,734,575$2,645,805$6,347,707
85$11,847,133$3,850,321$2,667,190$6,787,893
86$12,986,174$3,969,619$2,687,174$7,267,290
87$14,239,211$4,092,578$2,705,642$7,789,746
88$15,617,804$4,219,308$2,722,475$8,359,501
89$17,134,689$4,349,923$2,737,547$8,981,221
90$18,803,899$4,484,540$2,750,725$9,660,044
91$20,640,893$4,623,280$2,761,872$10,401,630
92$22,662,710$4,766,266$2,770,840$11,212,211
93$24,888,120$4,913,627$2,777,477$12,098,651
94$27,337,807$5,065,493$2,781,621$13,068,509
95$30,034,561$5,222,001$2,783,103$14,130,111
96$33,003,496$5,383,288$2,781,747$15,292,629
97$36,272,283$5,549,499$2,777,366$16,566,165
98$39,871,413$5,720,782$2,769,764$17,961,847
99$43,834,483$5,897,286$2,758,737$19,491,933
100$48,198,517$6,079,169$2,744,071$21,169,927