Can I retire at age 66 with 2,090,000?

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 $2,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$172,590$171,053$169,553$168,089$166,660$161,260
2 years$85,441$83,849$82,307$80,812$79,362$73,973
3 years$56,395$54,797$53,258$51,777$50,350$45,141
4 years$41,874$40,281$38,758$37,302$35,910$30,920
5 years$33,165$31,581$30,078$28,652$27,298$22,541
6 years$27,360$25,788$24,308$22,913$21,600$17,079
7 years$23,215$21,657$20,200$18,838$17,567$13,282
8 years$20,108$18,564$17,131$15,803$14,573$10,521
9 years$17,693$16,163$14,755$13,461$12,273$8,449
10 years$15,762$14,247$12,864$11,603$10,457$6,856
11 years$14,183$12,683$11,325$10,098$8,993$5,608
12 years$12,868$11,384$10,051$8,857$7,794$4,617
13 years$11,757$10,288$8,980$7,820$6,796$3,820
14 years$10,804$9,351$8,068$6,942$5,957$3,173
15 years$9,980$8,543$7,284$6,191$5,245$2,645
16 years$9,259$7,838$6,604$5,543$4,636$2,211
17 years$8,624$7,218$6,010$4,980$4,111$1,852
18 years$8,060$6,670$5,486$4,488$3,655$1,554
19 years$7,556$6,182$5,022$4,056$3,258$1,307
20 years$7,103$5,744$4,609$3,673$2,910$1,100
21 years$6,694$5,351$4,240$3,334$2,604$927
22 years$6,322$4,995$3,907$3,031$2,334$782
23 years$5,983$4,671$3,608$2,760$2,095$660
24 years$5,673$4,377$3,337$2,518$1,883$557
25 years$5,388$4,107$3,090$2,299$1,695$471
26 years$5,126$3,860$2,866$2,102$1,526$398
27 years$4,883$3,633$2,662$1,924$1,376$337
28 years$4,658$3,423$2,474$1,763$1,242$285
29 years$4,449$3,229$2,302$1,617$1,121$241
30 years$4,254$3,050$2,145$1,484$1,013$204
31 years$4,072$2,883$1,999$1,363$916$173
32 years$3,902$2,728$1,865$1,252$829$146
33 years$3,743$2,584$1,742$1,152$750$124
34 years$3,593$2,449$1,627$1,060$679$105
35 years$3,452$2,322$1,522$975$615$89
36 years$3,319$2,204$1,423$898$557$75
37 years$3,194$2,094$1,332$828$505$64
38 years$3,076$1,990$1,248$763$458$54
39 years$2,964$1,892$1,169$703$415$46
40 years$2,857$1,800$1,096$649$377$39
41 years$2,757$1,714$1,027$599$342$33
42 years$2,661$1,632$964$552$310$28
43 years$2,570$1,555$904$510$281$24
44 years$2,483$1,482$849$471$255$20
45 years$2,401$1,413$797$435$232$17
46 years$2,322$1,348$749$402$210$14
47 years$2,247$1,287$703$371$191$12
48 years$2,175$1,228$661$343$174$10
49 years$2,106$1,173$621$317$158$9
50 years$2,041$1,120$584$293$143$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,090,000, adding $6,173 every year, while hoping to spend $22,220 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: 38/47/15 Blend
65$2,090,000$2,090,000$2,090,000$2,090,000
66$2,309,547$2,198,777$2,166,382$2,386,627
67$2,521,479$2,282,876$2,215,314$2,526,430
68$2,754,284$2,370,350$2,265,141$2,674,820
69$3,010,066$2,461,342$2,315,868$2,834,709
70$3,291,145$2,556,001$2,367,503$3,007,141
71$3,600,078$2,654,480$2,420,049$3,193,263
72$3,939,678$2,756,942$2,473,513$3,394,336
73$4,313,048$2,863,555$2,527,899$3,611,741
74$4,723,604$2,974,495$2,583,209$3,846,997
75$5,175,113$3,089,946$2,639,447$4,101,771
76$5,671,720$3,210,099$2,696,615$4,377,896
77$6,217,997$3,335,156$2,754,713$4,677,384
78$6,818,979$3,465,324$2,813,742$5,002,446
79$7,480,213$3,600,824$2,873,700$5,355,515
80$8,207,813$3,741,882$2,934,587$5,739,262
81$9,008,513$3,888,738$2,996,400$6,156,625
82$9,889,735$4,041,640$3,059,133$6,610,832
83$10,859,656$4,200,848$3,122,782$7,105,437
84$11,927,286$4,366,634$3,187,340$7,644,345
85$13,102,552$4,539,282$3,252,798$8,231,853
86$14,396,394$4,719,089$3,319,149$8,872,685
87$15,820,865$4,906,363$3,386,379$9,572,040
88$17,389,247$5,101,429$3,454,477$10,335,639
89$19,116,176$5,304,625$3,523,428$11,169,774
90$21,017,779$5,516,304$3,593,215$12,081,370
91$23,111,825$5,736,836$3,663,821$13,078,049
92$25,417,896$5,966,606$3,735,224$14,168,197
93$27,957,570$6,206,017$3,807,402$15,361,045
94$30,754,622$6,455,492$3,880,330$16,666,754
95$33,835,253$6,715,471$3,953,980$18,096,509
96$37,228,333$6,986,413$4,028,323$19,662,622
97$40,965,677$7,268,802$4,103,326$21,378,648
98$45,082,342$7,563,139$4,178,954$23,259,510
99$49,616,959$7,869,951$4,255,166$25,321,638
100$54,612,098$8,189,787$4,331,923$27,583,125