Can I retire at age 66 with 2,110,000?

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 $2,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$174,242$172,690$171,176$169,698$168,254$166,775
2 years$86,258$84,652$83,095$81,585$80,121$78,630
3 years$56,934$55,321$53,768$52,273$50,832$49,376
4 years$42,275$40,667$39,129$37,659$36,254$34,844
5 years$33,482$31,883$30,366$28,926$27,560$26,200
6 years$27,622$26,035$24,540$23,132$21,807$20,499
7 years$23,438$21,864$20,393$19,018$17,735$16,480
8 years$20,301$18,742$17,295$15,954$14,713$13,510
9 years$17,862$16,318$14,896$13,589$12,390$11,239
10 years$15,913$14,383$12,987$11,714$10,557$9,458
11 years$14,319$12,805$11,433$10,195$9,080$8,031
12 years$12,991$11,493$10,147$8,942$7,868$6,869
13 years$11,869$10,386$9,065$7,895$6,861$5,910
14 years$10,908$9,441$8,145$7,008$6,014$5,111
15 years$10,076$8,624$7,354$6,250$5,296$4,438
16 years$9,348$7,913$6,668$5,596$4,680$3,867
17 years$8,707$7,287$6,067$5,028$4,150$3,380
18 years$8,137$6,734$5,539$4,531$3,690$2,961
19 years$7,629$6,241$5,070$4,094$3,289$2,600
20 years$7,171$5,799$4,653$3,708$2,938$2,288
21 years$6,758$5,402$4,280$3,365$2,629$2,016
22 years$6,383$5,042$3,945$3,060$2,356$1,779
23 years$6,041$4,716$3,642$2,787$2,115$1,572
24 years$5,728$4,419$3,369$2,542$1,901$1,391
25 years$5,440$4,147$3,120$2,321$1,711$1,232
26 years$5,175$3,897$2,894$2,122$1,541$1,092
27 years$4,930$3,668$2,687$1,943$1,389$968
28 years$4,703$3,456$2,498$1,780$1,254$859
29 years$4,492$3,260$2,324$1,632$1,132$763
30 years$4,295$3,079$2,165$1,498$1,023$678
31 years$4,111$2,911$2,019$1,376$925$602
32 years$3,940$2,754$1,883$1,264$837$536
33 years$3,779$2,608$1,758$1,163$757$477
34 years$3,627$2,472$1,643$1,070$685$424
35 years$3,485$2,345$1,536$985$621$377
36 years$3,351$2,225$1,437$907$562$336
37 years$3,225$2,114$1,345$836$510$299
38 years$3,105$2,009$1,260$770$462$266
39 years$2,992$1,910$1,180$710$419$237
40 years$2,885$1,817$1,106$655$380$211
41 years$2,783$1,730$1,037$604$345$188
42 years$2,686$1,647$973$558$313$168
43 years$2,594$1,570$913$515$284$150
44 years$2,507$1,496$857$475$258$133
45 years$2,424$1,427$805$439$234$119
46 years$2,344$1,361$756$406$212$106
47 years$2,268$1,299$710$375$193$95
48 years$2,196$1,240$667$346$175$84
49 years$2,126$1,184$627$320$159$75
50 years$2,060$1,131$590$296$145$67

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,110,000, adding $6,631 every year, while hoping to spend $57,092 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: 40/49/11 Blend
65$2,110,000$2,110,000$2,110,000$2,110,000
66$2,332,060$2,220,230$2,187,525$2,417,413
67$2,509,185$2,268,276$2,200,062$2,526,240
68$2,702,462$2,316,762$2,211,105$2,637,746
69$2,913,481$2,365,651$2,220,544$2,757,100
70$3,143,987$2,414,899$2,228,264$2,885,039
71$3,395,905$2,464,461$2,234,142$3,022,371
72$3,671,353$2,514,284$2,238,051$3,169,991
73$3,972,662$2,564,315$2,239,856$3,328,882
74$4,302,399$2,614,492$2,239,417$3,500,130
75$4,663,392$2,664,751$2,236,586$3,684,930
76$5,058,754$2,715,020$2,231,208$3,884,601
77$5,491,913$2,765,222$2,223,119$4,100,596
78$5,966,646$2,815,275$2,212,151$4,334,518
79$6,487,109$2,865,089$2,198,124$4,588,133
80$7,057,884$2,914,568$2,180,851$4,863,389
81$7,684,014$2,963,608$2,160,135$5,162,436
82$8,371,056$3,012,097$2,135,772$5,487,640
83$9,125,128$3,059,915$2,107,545$5,841,614
84$9,952,974$3,106,933$2,075,230$6,227,237
85$10,862,017$3,153,013$2,038,590$6,647,686
86$11,860,439$3,198,006$1,997,379$7,106,461
87$12,957,251$3,241,756$1,951,339$7,607,426
88$14,162,379$3,284,090$1,900,197$8,154,836
89$15,486,761$3,324,830$1,843,673$8,753,389
90$16,942,443$3,363,779$1,781,469$9,408,262
91$18,542,700$3,400,732$1,713,276$10,125,165
92$20,302,156$3,435,468$1,638,771$10,910,394
93$22,236,921$3,467,752$1,557,615$11,770,890
94$24,364,746$3,497,331$1,469,454$12,714,311
95$26,705,189$3,523,939$1,373,920$13,749,097
96$29,279,798$3,547,291$1,270,625$14,884,556
97$32,112,312$3,567,083$1,159,166$16,130,953
98$35,228,891$3,582,994$1,039,121$17,499,605
99$38,658,357$3,594,679$910,051$19,002,989
100$42,432,466$3,601,775$771,494$20,654,865