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

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 $2,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$170,939$169,416$167,930$166,481$165,065$161,271
2 years$84,623$83,047$81,520$80,039$78,602$74,801
3 years$55,855$54,272$52,749$51,282$49,868$46,179
4 years$41,474$39,896$38,387$36,945$35,567$32,016
5 years$32,847$31,279$29,790$28,378$27,037$23,637
6 years$27,098$25,541$24,075$22,694$21,394$18,146
7 years$22,993$21,450$20,006$18,658$17,399$14,305
8 years$19,916$18,386$16,967$15,652$14,434$11,493
9 years$17,524$16,009$14,614$13,332$12,155$9,365
10 years$15,611$14,111$12,741$11,492$10,357$7,713
11 years$14,047$12,562$11,217$10,002$8,907$6,407
12 years$12,745$11,275$9,954$8,773$7,719$5,359
13 years$11,644$10,189$8,894$7,745$6,731$4,506
14 years$10,701$9,262$7,991$6,875$5,900$3,806
15 years$9,885$8,461$7,215$6,131$5,195$3,226
16 years$9,171$7,763$6,541$5,490$4,592$2,744
17 years$8,542$7,149$5,952$4,933$4,071$2,339
18 years$7,983$6,606$5,434$4,445$3,620$1,998
19 years$7,484$6,122$4,974$4,017$3,226$1,710
20 years$7,035$5,689$4,565$3,638$2,882$1,466
21 years$6,630$5,299$4,199$3,302$2,579$1,258
22 years$6,262$4,947$3,870$3,002$2,312$1,081
23 years$5,926$4,627$3,573$2,734$2,075$930
24 years$5,619$4,335$3,305$2,494$1,865$800
25 years$5,337$4,068$3,061$2,277$1,678$689
26 years$5,077$3,823$2,839$2,082$1,512$594
27 years$4,836$3,598$2,636$1,906$1,363$512
28 years$4,614$3,391$2,451$1,746$1,230$442
29 years$4,407$3,199$2,280$1,601$1,111$381
30 years$4,214$3,021$2,124$1,470$1,003$329
31 years$4,034$2,856$1,980$1,350$907$284
32 years$3,865$2,702$1,848$1,240$821$246
33 years$3,707$2,559$1,725$1,141$743$212
34 years$3,559$2,425$1,612$1,050$672$183
35 years$3,419$2,300$1,507$966$609$158
36 years$3,288$2,183$1,410$890$552$137
37 years$3,164$2,074$1,320$820$500$118
38 years$3,046$1,971$1,236$756$453$102
39 years$2,935$1,874$1,158$697$411$88
40 years$2,830$1,783$1,085$643$373$77
41 years$2,730$1,697$1,017$593$338$66
42 years$2,635$1,616$954$547$307$57
43 years$2,545$1,540$896$505$279$49
44 years$2,459$1,468$841$466$253$43
45 years$2,378$1,400$789$431$230$37
46 years$2,300$1,335$741$398$208$32
47 years$2,225$1,274$697$368$189$28
48 years$2,154$1,217$655$340$172$24
49 years$2,086$1,162$615$314$156$21
50 years$2,021$1,110$578$290$142$18

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 $3,863 every year, while hoping to spend $46,140 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: 64/16/20 Blend
65$2,070,000$2,070,000$2,070,000$2,070,000
66$2,285,125$2,175,415$2,143,330$2,419,483
67$2,469,115$2,232,917$2,166,039$2,567,829
68$2,670,325$2,291,691$2,187,962$2,724,258
69$2,890,465$2,351,750$2,209,024$2,894,079
70$3,131,412$2,413,106$2,229,147$3,078,604
71$3,395,240$2,475,772$2,248,247$3,279,277
72$3,684,227$2,539,757$2,266,236$3,497,691
73$4,000,885$2,605,072$2,283,022$3,735,600
74$4,347,979$2,671,725$2,298,507$3,994,935
75$4,728,556$2,739,722$2,312,590$4,277,825
76$5,145,969$2,809,069$2,325,162$4,586,615
77$5,603,915$2,879,770$2,336,112$4,923,887
78$6,106,462$2,951,827$2,345,319$5,292,489
79$6,658,093$3,025,239$2,352,660$5,695,556
80$7,263,748$3,100,004$2,358,003$6,136,544
81$7,928,865$3,176,119$2,361,211$6,619,261
82$8,659,436$3,253,576$2,362,139$7,147,901
83$9,462,064$3,332,367$2,360,635$7,727,088
84$10,344,019$3,412,478$2,356,542$8,361,916
85$11,313,314$3,493,894$2,349,691$9,057,999
86$12,378,775$3,576,597$2,339,908$9,821,521
87$13,550,124$3,660,565$2,327,009$10,659,300
88$14,838,076$3,745,772$2,310,803$11,578,848
89$16,254,433$3,832,188$2,291,089$12,588,442
90$17,812,199$3,919,779$2,267,654$13,697,204
91$19,525,701$4,008,506$2,240,278$14,915,188
92$21,410,725$4,098,325$2,208,730$16,253,472
93$23,484,664$4,189,188$2,172,767$17,724,265
94$25,766,681$4,281,039$2,132,136$19,341,020
95$28,277,891$4,373,819$2,086,571$21,118,565
96$31,041,559$4,467,459$2,035,794$23,073,240
97$34,083,320$4,561,886$1,979,515$25,223,052
98$37,431,419$4,657,020$1,917,430$27,587,847
99$41,116,980$4,752,770$1,849,220$30,189,494
100$45,174,296$4,849,040$1,774,553$33,052,095