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 $4,547 every year, while hoping to spend $24,022 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: 37/50/13 Blend
65$2,050,000$2,050,000$2,050,000$2,050,000
66$2,263,790$2,155,140$2,123,365$2,338,381
67$2,469,138$2,235,183$2,168,939$2,472,229
68$2,694,625$2,318,343$2,215,234$2,614,061
69$2,942,282$2,404,746$2,262,249$2,766,731
70$3,214,344$2,494,528$2,309,983$2,931,222
71$3,513,272$2,587,824$2,358,433$3,108,609
72$3,841,779$2,684,781$2,407,594$3,300,075
73$4,202,854$2,785,549$2,457,461$3,506,914
74$4,599,788$2,890,284$2,508,030$3,730,553
75$5,036,210$2,999,151$2,559,292$3,972,554
76$5,516,114$3,112,321$2,611,240$4,234,636
77$6,043,905$3,229,972$2,663,863$4,518,687
78$6,624,433$3,352,290$2,717,152$4,826,779
79$7,263,041$3,479,469$2,771,093$5,161,194
80$7,965,620$3,611,711$2,825,673$5,524,435
81$8,738,657$3,749,229$2,880,877$5,919,258
82$9,589,301$3,892,242$2,936,687$6,348,691
83$10,525,428$4,040,980$2,993,085$6,816,064
84$11,555,718$4,195,685$3,050,050$7,325,038
85$12,689,734$4,356,605$3,107,558$7,879,642
86$13,938,012$4,524,004$3,165,587$8,484,306
87$15,312,163$4,698,154$3,224,108$9,143,903
88$16,824,981$4,879,341$3,283,092$9,863,796
89$18,490,561$5,067,861$3,342,509$10,649,885
90$20,324,438$5,264,026$3,402,322$11,508,661
91$22,343,728$5,468,160$3,462,497$12,447,268
92$24,567,290$5,680,602$3,522,992$13,473,570
93$27,015,907$5,901,705$3,583,766$14,596,219
94$29,712,480$6,131,839$3,644,773$15,824,742
95$32,682,243$6,371,389$3,705,963$17,169,622
96$35,953,004$6,620,759$3,767,284$18,642,403
97$39,555,403$6,880,369$3,828,681$20,255,792
98$43,523,205$7,150,658$3,890,093$22,023,777
99$47,893,617$7,432,086$3,951,457$23,961,762
100$52,707,639$7,725,131$4,012,704$26,086,708