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%17.9%
1 years$174,242$172,690$171,176$169,698$168,254$162,868
2 years$86,258$84,652$83,095$81,585$80,121$74,745
3 years$56,934$55,321$53,768$52,273$50,832$45,634
4 years$42,275$40,667$39,129$37,659$36,254$31,273
5 years$33,482$31,883$30,366$28,926$27,560$22,810
6 years$27,622$26,035$24,540$23,132$21,807$17,293
7 years$23,438$21,864$20,393$19,018$17,735$13,456
8 years$20,301$18,742$17,295$15,954$14,713$10,665
9 years$17,862$16,318$14,896$13,589$12,390$8,570
10 years$15,913$14,383$12,987$11,714$10,557$6,958
11 years$14,319$12,805$11,433$10,195$9,080$5,696
12 years$12,991$11,493$10,147$8,942$7,868$4,692
13 years$11,869$10,386$9,065$7,895$6,861$3,884
14 years$10,908$9,441$8,145$7,008$6,014$3,229
15 years$10,076$8,624$7,354$6,250$5,296$2,694
16 years$9,348$7,913$6,668$5,596$4,680$2,253
17 years$8,707$7,287$6,067$5,028$4,150$1,889
18 years$8,137$6,734$5,539$4,531$3,690$1,587
19 years$7,629$6,241$5,070$4,094$3,289$1,335
20 years$7,171$5,799$4,653$3,708$2,938$1,124
21 years$6,758$5,402$4,280$3,365$2,629$948
22 years$6,383$5,042$3,945$3,060$2,356$800
23 years$6,041$4,716$3,642$2,787$2,115$676
24 years$5,728$4,419$3,369$2,542$1,901$571
25 years$5,440$4,147$3,120$2,321$1,711$483
26 years$5,175$3,897$2,894$2,122$1,541$409
27 years$4,930$3,668$2,687$1,943$1,389$346
28 years$4,703$3,456$2,498$1,780$1,254$293
29 years$4,492$3,260$2,324$1,632$1,132$248
30 years$4,295$3,079$2,165$1,498$1,023$210
31 years$4,111$2,911$2,019$1,376$925$178
32 years$3,940$2,754$1,883$1,264$837$151
33 years$3,779$2,608$1,758$1,163$757$128
34 years$3,627$2,472$1,643$1,070$685$108
35 years$3,485$2,345$1,536$985$621$92
36 years$3,351$2,225$1,437$907$562$78
37 years$3,225$2,114$1,345$836$510$66
38 years$3,105$2,009$1,260$770$462$56
39 years$2,992$1,910$1,180$710$419$47
40 years$2,885$1,817$1,106$655$380$40
41 years$2,783$1,730$1,037$604$345$34
42 years$2,686$1,647$973$558$313$29
43 years$2,594$1,570$913$515$284$25
44 years$2,507$1,496$857$475$258$21
45 years$2,424$1,427$805$439$234$18
46 years$2,344$1,361$756$406$212$15
47 years$2,268$1,299$710$375$193$13
48 years$2,196$1,240$667$346$175$11
49 years$2,126$1,184$627$320$159$9
50 years$2,060$1,131$590$296$145$8

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 $5,454 every year, while hoping to spend $38,917 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: 27/44/29 Blend
65$2,110,000$2,110,000$2,110,000$2,110,000
66$2,330,846$2,219,016$2,186,311$2,372,668
67$2,527,185$2,286,340$2,218,145$2,474,468
68$2,742,246$2,355,659$2,249,741$2,579,999
69$2,977,898$2,427,029$2,281,050$2,692,520
70$3,236,198$2,500,509$2,312,020$2,812,653
71$3,519,414$2,576,157$2,342,597$2,941,086
72$3,830,041$2,654,036$2,372,721$3,078,571
73$4,170,829$2,734,207$2,402,330$3,225,937
74$4,544,807$2,816,736$2,431,361$3,384,096
75$4,955,309$2,901,689$2,459,744$3,554,049
76$5,406,011$2,989,132$2,487,406$3,736,901
77$5,900,960$3,079,135$2,514,270$3,933,863
78$6,444,616$3,171,771$2,540,256$4,146,272
79$7,041,890$3,267,110$2,565,277$4,375,597
80$7,698,193$3,365,229$2,589,245$4,623,456
81$8,419,487$3,466,204$2,612,063$4,891,629
82$9,212,340$3,570,113$2,633,632$5,182,078
83$10,083,987$3,677,037$2,653,847$5,496,960
84$11,042,399$3,787,057$2,672,596$5,838,653
85$12,096,359$3,900,259$2,689,764$6,209,773
86$13,255,544$4,016,727$2,705,227$6,613,203
87$14,530,615$4,136,552$2,718,857$7,052,117
88$15,933,317$4,259,823$2,730,519$7,530,012
89$17,476,593$4,386,632$2,740,069$8,050,738
90$19,174,703$4,517,074$2,747,359$8,618,537
91$21,043,358$4,651,247$2,752,231$9,238,082
92$23,099,871$4,789,248$2,754,520$9,914,520
93$25,363,315$4,931,178$2,754,055$10,653,522
94$27,854,710$5,077,143$2,750,652$11,461,334
95$30,597,213$5,227,245$2,744,121$12,344,840
96$33,616,344$5,381,595$2,734,264$13,311,622
97$36,940,219$5,540,302$2,720,870$14,370,035
98$40,599,822$5,703,477$2,703,720$15,529,283
99$44,629,294$5,871,237$2,682,585$16,799,510
100$49,066,253$6,043,699$2,657,222$18,191,889