Can I retire at age 66 with 2,070,000?

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 $2,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$170,939$169,416$167,930$166,481$165,065$161,666
2 years$84,623$83,047$81,520$80,039$78,602$75,193
3 years$55,855$54,272$52,749$51,282$49,868$46,556
4 years$41,474$39,896$38,387$36,945$35,567$32,376
5 years$32,847$31,279$29,790$28,378$27,037$23,978
6 years$27,098$25,541$24,075$22,694$21,394$18,468
7 years$22,993$21,450$20,006$18,658$17,399$14,608
8 years$19,916$18,386$16,967$15,652$14,434$11,777
9 years$17,524$16,009$14,614$13,332$12,155$9,631
10 years$15,611$14,111$12,741$11,492$10,357$7,962
11 years$14,047$12,562$11,217$10,002$8,907$6,639
12 years$12,745$11,275$9,954$8,773$7,719$5,574
13 years$11,644$10,189$8,894$7,745$6,731$4,706
14 years$10,701$9,262$7,991$6,875$5,900$3,991
15 years$9,885$8,461$7,215$6,131$5,195$3,398
16 years$9,171$7,763$6,541$5,490$4,592$2,902
17 years$8,542$7,149$5,952$4,933$4,071$2,484
18 years$7,983$6,606$5,434$4,445$3,620$2,132
19 years$7,484$6,122$4,974$4,017$3,226$1,833
20 years$7,035$5,689$4,565$3,638$2,882$1,578
21 years$6,630$5,299$4,199$3,302$2,579$1,361
22 years$6,262$4,947$3,870$3,002$2,312$1,175
23 years$5,926$4,627$3,573$2,734$2,075$1,015
24 years$5,619$4,335$3,305$2,494$1,865$878
25 years$5,337$4,068$3,061$2,277$1,678$760
26 years$5,077$3,823$2,839$2,082$1,512$658
27 years$4,836$3,598$2,636$1,906$1,363$570
28 years$4,614$3,391$2,451$1,746$1,230$494
29 years$4,407$3,199$2,280$1,601$1,111$429
30 years$4,214$3,021$2,124$1,470$1,003$372
31 years$4,034$2,856$1,980$1,350$907$323
32 years$3,865$2,702$1,848$1,240$821$280
33 years$3,707$2,559$1,725$1,141$743$243
34 years$3,559$2,425$1,612$1,050$672$211
35 years$3,419$2,300$1,507$966$609$183
36 years$3,288$2,183$1,410$890$552$159
37 years$3,164$2,074$1,320$820$500$138
38 years$3,046$1,971$1,236$756$453$120
39 years$2,935$1,874$1,158$697$411$105
40 years$2,830$1,783$1,085$643$373$91
41 years$2,730$1,697$1,017$593$338$79
42 years$2,635$1,616$954$547$307$69
43 years$2,545$1,540$896$505$279$60
44 years$2,459$1,468$841$466$253$52
45 years$2,378$1,400$789$431$230$45
46 years$2,300$1,335$741$398$208$39
47 years$2,225$1,274$697$368$189$34
48 years$2,154$1,217$655$340$172$30
49 years$2,086$1,162$615$314$156$26
50 years$2,021$1,110$578$290$142$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,070,000, adding $3,728 every year, while hoping to spend $41,739 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: 55/15/30 Blend
65$2,070,000$2,070,000$2,070,000$2,070,000
66$2,284,985$2,175,275$2,143,190$2,391,423
67$2,473,644$2,237,454$2,170,577$2,527,591
68$2,680,147$2,301,280$2,197,483$2,671,240
69$2,906,270$2,366,791$2,223,847$2,826,881
70$3,153,969$2,434,024$2,249,605$2,995,687
71$3,425,398$2,503,015$2,274,691$3,178,947
72$3,722,930$2,573,804$2,299,034$3,378,083
73$4,049,176$2,646,427$2,322,559$3,594,662
74$4,407,014$2,720,924$2,345,187$3,830,409
75$4,799,613$2,797,333$2,366,835$4,087,226
76$5,230,465$2,875,694$2,387,415$4,367,208
77$5,703,414$2,956,045$2,406,835$4,672,663
78$6,222,696$3,038,425$2,424,998$5,006,134
79$6,792,978$3,122,875$2,441,802$5,370,425
80$7,419,399$3,209,432$2,457,139$5,768,623
81$8,107,621$3,298,138$2,470,897$6,204,131
82$8,863,882$3,389,030$2,482,956$6,680,701
83$9,695,054$3,482,149$2,493,191$7,202,464
84$10,608,708$3,577,533$2,501,471$7,773,974
85$11,613,184$3,675,220$2,507,659$8,400,251
86$12,717,673$3,775,250$2,511,609$9,086,826
87$13,932,297$3,877,659$2,513,170$9,839,793
88$15,268,212$3,982,485$2,512,182$10,665,870
89$16,737,707$4,089,764$2,508,477$11,572,460
90$18,354,323$4,199,532$2,501,881$12,567,721
91$20,132,979$4,311,824$2,492,209$13,660,645
92$22,090,114$4,426,674$2,479,268$14,861,140
93$24,243,838$4,544,114$2,462,856$16,180,126
94$26,614,109$4,664,175$2,442,762$17,629,639
95$29,222,915$4,786,887$2,418,762$19,222,941
96$32,094,486$4,912,278$2,390,624$20,974,652
97$35,255,519$5,040,375$2,358,105$22,900,880
98$38,735,430$5,171,201$2,320,949$25,019,380
99$42,566,633$5,304,779$2,278,890$27,349,719
100$46,784,845$5,441,128$2,231,648$29,913,462