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%12.6%
1 years$174,242$172,690$171,176$169,698$168,254$166,428
2 years$86,258$84,652$83,095$81,585$80,121$78,282
3 years$56,934$55,321$53,768$52,273$50,832$49,038
4 years$42,275$40,667$39,129$37,659$36,254$34,518
5 years$33,482$31,883$30,366$28,926$27,560$25,887
6 years$27,622$26,035$24,540$23,132$21,807$20,200
7 years$23,438$21,864$20,393$19,018$17,735$16,194
8 years$20,301$18,742$17,295$15,954$14,713$13,238
9 years$17,862$16,318$14,896$13,589$12,390$10,981
10 years$15,913$14,383$12,987$11,714$10,557$9,212
11 years$14,319$12,805$11,433$10,195$9,080$7,798
12 years$12,991$11,493$10,147$8,942$7,868$6,649
13 years$11,869$10,386$9,065$7,895$6,861$5,702
14 years$10,908$9,441$8,145$7,008$6,014$4,915
15 years$10,076$8,624$7,354$6,250$5,296$4,253
16 years$9,348$7,913$6,668$5,596$4,680$3,694
17 years$8,707$7,287$6,067$5,028$4,150$3,217
18 years$8,137$6,734$5,539$4,531$3,690$2,809
19 years$7,629$6,241$5,070$4,094$3,289$2,458
20 years$7,171$5,799$4,653$3,708$2,938$2,154
21 years$6,758$5,402$4,280$3,365$2,629$1,891
22 years$6,383$5,042$3,945$3,060$2,356$1,663
23 years$6,041$4,716$3,642$2,787$2,115$1,464
24 years$5,728$4,419$3,369$2,542$1,901$1,290
25 years$5,440$4,147$3,120$2,321$1,711$1,138
26 years$5,175$3,897$2,894$2,122$1,541$1,004
27 years$4,930$3,668$2,687$1,943$1,389$887
28 years$4,703$3,456$2,498$1,780$1,254$784
29 years$4,492$3,260$2,324$1,632$1,132$694
30 years$4,295$3,079$2,165$1,498$1,023$614
31 years$4,111$2,911$2,019$1,376$925$543
32 years$3,940$2,754$1,883$1,264$837$481
33 years$3,779$2,608$1,758$1,163$757$426
34 years$3,627$2,472$1,643$1,070$685$378
35 years$3,485$2,345$1,536$985$621$335
36 years$3,351$2,225$1,437$907$562$297
37 years$3,225$2,114$1,345$836$510$263
38 years$3,105$2,009$1,260$770$462$233
39 years$2,992$1,910$1,180$710$419$207
40 years$2,885$1,817$1,106$655$380$184
41 years$2,783$1,730$1,037$604$345$163
42 years$2,686$1,647$973$558$313$145
43 years$2,594$1,570$913$515$284$128
44 years$2,507$1,496$857$475$258$114
45 years$2,424$1,427$805$439$234$101
46 years$2,344$1,361$756$406$212$90
47 years$2,268$1,299$710$375$193$80
48 years$2,196$1,240$667$346$175$71
49 years$2,126$1,184$627$320$159$63
50 years$2,060$1,131$590$296$145$56

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 $6,003 every year, while hoping to spend $32,030 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: 87/8/5 Blend
65$2,110,000$2,110,000$2,110,000$2,110,000
66$2,331,412$2,219,582$2,186,877$2,533,908
67$2,535,136$2,294,262$2,226,058$2,741,318
68$2,758,567$2,371,528$2,265,478$2,964,152
69$3,003,681$2,451,472$2,305,111$3,208,013
70$3,272,653$2,534,191$2,344,929$3,474,996
71$3,567,883$2,619,786$2,384,903$3,767,404
72$3,892,011$2,708,359$2,425,001$4,087,778
73$4,247,946$2,800,019$2,465,189$4,438,915
74$4,638,894$2,894,877$2,505,430$4,823,894
75$5,068,384$2,993,049$2,545,685$5,246,108
76$5,540,307$3,094,656$2,585,913$5,709,295
77$6,058,947$3,199,823$2,626,070$6,217,570
78$6,629,024$3,308,679$2,666,108$6,775,468
79$7,255,739$3,421,359$2,705,977$7,387,983
80$7,944,821$3,538,002$2,745,624$8,060,619
81$8,702,584$3,658,755$2,784,993$8,799,435
82$9,535,980$3,783,767$2,824,024$9,611,110
83$10,452,674$3,913,195$2,862,652$10,503,000
84$11,461,108$4,047,203$2,900,812$11,483,210
85$12,570,582$4,185,957$2,938,431$12,560,667
86$13,791,347$4,329,635$2,975,434$13,745,210
87$15,134,695$4,478,418$3,011,741$15,047,676
88$16,613,069$4,632,494$3,047,269$16,480,006
89$18,240,177$4,792,062$3,081,928$18,055,356
90$20,031,127$4,957,325$3,115,624$19,788,222
91$22,002,562$5,128,494$3,148,258$21,694,574
92$24,172,825$5,305,791$3,179,726$23,792,009
93$26,562,123$5,489,445$3,209,916$26,099,917
94$29,192,725$5,679,693$3,238,714$28,639,661
95$32,089,168$5,876,784$3,265,997$31,434,780
96$35,278,490$6,080,973$3,291,635$34,511,213
97$38,790,485$6,292,529$3,315,493$37,897,538
98$42,657,981$6,511,730$3,337,428$41,625,247
99$46,917,153$6,738,863$3,357,291$45,729,038
100$51,607,865$6,974,230$3,374,922$50,247,148