Can I retire at age 66 with 2,130,000?

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 $2,130,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$175,893$174,327$172,798$171,306$169,849$164,478
2 years$87,076$85,454$83,883$82,359$80,881$75,518
3 years$57,474$55,845$54,278$52,768$51,314$46,128
4 years$42,676$41,052$39,500$38,016$36,598$31,628
5 years$33,799$32,185$30,654$29,200$27,821$23,081
6 years$27,884$26,282$24,773$23,352$22,014$17,508
7 years$23,660$22,071$20,586$19,199$17,903$13,631
8 years$20,493$18,919$17,459$16,105$14,852$10,811
9 years$18,032$16,473$15,037$13,718$12,508$8,692
10 years$16,064$14,520$13,110$11,825$10,657$7,062
11 years$14,455$12,926$11,542$10,291$9,166$5,784
12 years$13,115$11,602$10,243$9,027$7,943$4,768
13 years$11,982$10,485$9,151$7,969$6,926$3,950
14 years$11,011$9,530$8,223$7,074$6,071$3,286
15 years$10,171$8,706$7,424$6,309$5,346$2,743
16 years$9,437$7,988$6,731$5,649$4,725$2,296
17 years$8,789$7,356$6,125$5,076$4,189$1,926
18 years$8,215$6,798$5,591$4,574$3,725$1,619
19 years$7,701$6,300$5,118$4,133$3,320$1,363
20 years$7,239$5,854$4,697$3,743$2,966$1,149
21 years$6,822$5,453$4,321$3,397$2,654$970
22 years$6,443$5,090$3,982$3,089$2,379$819
23 years$6,098$4,761$3,677$2,813$2,135$692
24 years$5,782$4,460$3,400$2,566$1,919$586
25 years$5,491$4,186$3,150$2,343$1,727$496
26 years$5,224$3,934$2,921$2,143$1,556$420
27 years$4,977$3,702$2,712$1,961$1,403$356
28 years$4,747$3,489$2,522$1,797$1,266$301
29 years$4,534$3,291$2,347$1,648$1,143$255
30 years$4,336$3,108$2,186$1,512$1,033$216
31 years$4,150$2,938$2,038$1,389$934$184
32 years$3,977$2,780$1,901$1,276$844$156
33 years$3,815$2,633$1,775$1,174$764$132
34 years$3,662$2,495$1,659$1,080$692$112
35 years$3,518$2,367$1,551$994$627$95
36 years$3,383$2,247$1,451$916$568$81
37 years$3,255$2,134$1,358$844$515$68
38 years$3,135$2,028$1,271$778$467$58
39 years$3,020$1,928$1,191$717$423$49
40 years$2,912$1,835$1,117$661$384$42
41 years$2,809$1,746$1,047$610$348$35
42 years$2,712$1,663$982$563$316$30
43 years$2,619$1,585$922$520$287$26
44 years$2,531$1,510$865$480$260$22
45 years$2,447$1,440$812$443$236$18
46 years$2,366$1,374$763$409$215$16
47 years$2,290$1,311$717$378$195$13
48 years$2,217$1,252$674$350$177$11
49 years$2,147$1,195$633$323$161$10
50 years$2,080$1,142$595$299$146$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,130,000, adding $6,018 every year, while hoping to spend $22,755 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: 49/31/20 Blend
65$2,130,000$2,130,000$2,130,000$2,130,000
66$2,353,468$2,240,578$2,207,563$2,455,296
67$2,569,310$2,326,155$2,257,305$2,612,143
68$2,806,406$2,415,163$2,307,951$2,779,638
69$3,066,899$2,507,745$2,359,507$2,961,119
70$3,353,151$2,604,053$2,411,978$3,157,912
71$3,667,763$2,704,242$2,465,370$3,371,473
72$4,013,603$2,808,478$2,519,688$3,603,405
73$4,393,827$2,916,930$2,574,935$3,855,470
74$4,811,916$3,029,778$2,631,113$4,129,605
75$5,271,702$3,147,208$2,688,227$4,427,941
76$5,777,409$3,269,415$2,746,276$4,752,822
77$6,333,690$3,396,602$2,805,261$5,106,827
78$6,945,672$3,528,980$2,865,183$5,492,794
79$7,619,003$3,666,773$2,926,039$5,913,844
80$8,359,908$3,810,211$2,987,827$6,373,414
81$9,175,243$3,959,536$3,050,544$6,875,283
82$10,072,565$4,115,001$3,114,185$7,423,614
83$11,060,200$4,276,869$3,178,743$8,022,986
84$12,147,321$4,445,416$3,244,211$8,678,442
85$13,344,036$4,620,929$3,310,581$9,395,530
86$14,661,483$4,803,710$3,377,840$10,180,362
87$16,111,934$4,994,073$3,445,979$11,039,664
88$17,708,914$5,192,345$3,514,981$11,980,842
89$19,467,323$5,398,869$3,584,833$13,012,051
90$21,403,581$5,614,005$3,655,516$14,142,270
91$23,535,781$5,838,125$3,727,010$15,381,387
92$25,883,859$6,071,622$3,799,294$16,740,289
93$28,469,786$6,314,905$3,872,343$18,230,970
94$31,317,769$6,568,400$3,946,132$19,866,632
95$34,454,484$6,832,555$4,020,630$21,661,822
96$37,909,327$7,107,835$4,095,806$23,632,556
97$41,714,689$7,394,730$4,171,627$25,796,477
98$45,906,265$7,693,749$4,248,053$28,173,019
99$50,523,386$8,005,425$4,325,045$30,783,583
100$55,609,396$8,330,315$4,402,559$33,651,748