Can I retire at age 66 with 2,100,000?

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 $2,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$173,416$171,871$170,364$168,893$167,457$162,553
2 years$85,850$84,251$82,701$81,199$79,741$74,840
3 years$56,665$55,059$53,513$52,025$50,591$45,846
4 years$42,075$40,474$38,944$37,481$36,082$31,530
5 years$33,323$31,732$30,222$28,789$27,429$23,083
6 years$27,491$25,912$24,424$23,023$21,704$17,567
7 years$23,327$21,761$20,296$18,928$17,651$13,723
8 years$20,205$18,653$17,213$15,878$14,643$10,923
9 years$17,778$16,241$14,825$13,525$12,332$8,814
10 years$15,837$14,315$12,925$11,659$10,507$7,188
11 years$14,251$12,744$11,379$10,146$9,037$5,910
12 years$12,930$11,438$10,099$8,900$7,831$4,891
13 years$11,813$10,337$9,023$7,857$6,829$4,069
14 years$10,856$9,396$8,107$6,975$5,986$3,399
15 years$10,028$8,583$7,319$6,220$5,271$2,849
16 years$9,304$7,875$6,636$5,570$4,658$2,395
17 years$8,666$7,253$6,039$5,004$4,130$2,018
18 years$8,099$6,702$5,512$4,510$3,672$1,704
19 years$7,592$6,211$5,046$4,075$3,273$1,441
20 years$7,137$5,772$4,631$3,691$2,924$1,220
21 years$6,726$5,376$4,260$3,350$2,616$1,035
22 years$6,352$5,018$3,926$3,045$2,345$878
23 years$6,012$4,694$3,625$2,774$2,105$746
24 years$5,700$4,398$3,353$2,530$1,892$634
25 years$5,414$4,127$3,105$2,310$1,703$539
26 years$5,150$3,879$2,880$2,112$1,534$459
27 years$4,906$3,650$2,674$1,934$1,383$390
28 years$4,680$3,440$2,486$1,772$1,248$332
29 years$4,470$3,245$2,313$1,625$1,127$283
30 years$4,275$3,064$2,155$1,491$1,018$241
31 years$4,092$2,897$2,009$1,369$920$206
32 years$3,921$2,741$1,874$1,258$833$175
33 years$3,761$2,596$1,750$1,157$753$149
34 years$3,610$2,460$1,635$1,065$682$127
35 years$3,469$2,334$1,529$980$618$109
36 years$3,335$2,215$1,430$903$560$93
37 years$3,209$2,104$1,339$832$507$79
38 years$3,090$1,999$1,254$767$460$67
39 years$2,978$1,901$1,174$707$417$57
40 years$2,871$1,809$1,101$652$378$49
41 years$2,770$1,722$1,032$602$343$42
42 years$2,674$1,640$968$555$311$36
43 years$2,582$1,562$909$512$283$30
44 years$2,495$1,489$853$473$257$26
45 years$2,412$1,420$801$437$233$22
46 years$2,333$1,355$752$404$211$19
47 years$2,258$1,293$707$373$192$16
48 years$2,185$1,234$664$345$174$14
49 years$2,116$1,179$624$318$158$12
50 years$2,050$1,126$587$294$144$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,100,000, adding $6,965 every year, while hoping to spend $54,547 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: 40/40/20 Blend
65$2,100,000$2,100,000$2,100,000$2,100,000
66$2,321,384$2,210,084$2,177,534$2,400,232
67$2,500,128$2,260,341$2,192,444$2,507,568
68$2,695,275$2,311,232$2,206,025$2,617,873
69$2,908,442$2,362,731$2,218,176$2,736,083
70$3,141,406$2,414,808$2,228,788$2,862,950
71$3,396,126$2,467,430$2,237,749$2,999,298
72$3,674,759$2,520,561$2,244,941$3,146,038
73$3,979,676$2,574,161$2,250,239$3,304,175
74$4,313,494$2,628,186$2,253,512$3,474,814
75$4,679,089$2,682,585$2,254,623$3,659,177
76$5,079,631$2,737,308$2,253,429$3,858,608
77$5,518,613$2,792,295$2,249,778$4,074,591
78$5,999,877$2,847,483$2,243,511$4,308,761
79$6,527,659$2,902,805$2,234,464$4,562,923
80$7,106,623$2,958,184$2,222,460$4,839,064
81$7,741,904$3,013,541$2,207,319$5,139,378
82$8,439,163$3,068,789$2,188,848$5,466,283
83$9,204,630$3,123,832$2,166,847$5,822,445
84$10,045,172$3,178,570$2,141,106$6,210,804
85$10,968,352$3,232,892$2,111,406$6,634,605
86$11,982,502$3,286,682$2,077,516$7,097,421
87$13,096,799$3,339,811$2,039,194$7,603,196
88$14,321,355$3,392,144$1,996,190$8,156,279
89$15,667,309$3,443,535$1,948,238$8,761,463
90$17,146,934$3,493,828$1,895,063$9,424,036
91$18,773,749$3,542,853$1,836,376$10,149,827
92$20,562,652$3,590,433$1,771,875$10,945,265
93$22,530,052$3,636,374$1,701,243$11,817,439
94$24,694,033$3,680,472$1,624,150$12,774,165
95$27,074,516$3,722,507$1,540,251$13,824,061
96$29,693,452$3,762,245$1,449,184$14,976,631
97$32,575,025$3,799,436$1,350,573$16,242,352
98$35,745,883$3,833,815$1,244,023$17,632,779
99$39,235,388$3,865,096$1,129,122$19,160,649
100$43,075,889$3,892,977$1,005,439$20,840,007