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%13.3%
1 years$175,893$174,327$172,798$171,306$169,849$167,519
2 years$87,076$85,454$83,883$82,359$80,881$78,537
3 years$57,474$55,845$54,278$52,768$51,314$49,029
4 years$42,676$41,052$39,500$38,016$36,598$34,390
5 years$33,799$32,185$30,654$29,200$27,821$25,697
6 years$27,884$26,282$24,773$23,352$22,014$19,976
7 years$23,660$22,071$20,586$19,199$17,903$15,952
8 years$20,493$18,919$17,459$16,105$14,852$12,988
9 years$18,032$16,473$15,037$13,718$12,508$10,729
10 years$16,064$14,520$13,110$11,825$10,657$8,963
11 years$14,455$12,926$11,542$10,291$9,166$7,554
12 years$13,115$11,602$10,243$9,027$7,943$6,412
13 years$11,982$10,485$9,151$7,969$6,926$5,474
14 years$11,011$9,530$8,223$7,074$6,071$4,696
15 years$10,171$8,706$7,424$6,309$5,346$4,045
16 years$9,437$7,988$6,731$5,649$4,725$3,496
17 years$8,789$7,356$6,125$5,076$4,189$3,030
18 years$8,215$6,798$5,591$4,574$3,725$2,632
19 years$7,701$6,300$5,118$4,133$3,320$2,291
20 years$7,239$5,854$4,697$3,743$2,966$1,998
21 years$6,822$5,453$4,321$3,397$2,654$1,745
22 years$6,443$5,090$3,982$3,089$2,379$1,526
23 years$6,098$4,761$3,677$2,813$2,135$1,336
24 years$5,782$4,460$3,400$2,566$1,919$1,171
25 years$5,491$4,186$3,150$2,343$1,727$1,027
26 years$5,224$3,934$2,921$2,143$1,556$902
27 years$4,977$3,702$2,712$1,961$1,403$792
28 years$4,747$3,489$2,522$1,797$1,266$696
29 years$4,534$3,291$2,347$1,648$1,143$612
30 years$4,336$3,108$2,186$1,512$1,033$539
31 years$4,150$2,938$2,038$1,389$934$474
32 years$3,977$2,780$1,901$1,276$844$417
33 years$3,815$2,633$1,775$1,174$764$368
34 years$3,662$2,495$1,659$1,080$692$324
35 years$3,518$2,367$1,551$994$627$285
36 years$3,383$2,247$1,451$916$568$251
37 years$3,255$2,134$1,358$844$515$222
38 years$3,135$2,028$1,271$778$467$195
39 years$3,020$1,928$1,191$717$423$172
40 years$2,912$1,835$1,117$661$384$152
41 years$2,809$1,746$1,047$610$348$134
42 years$2,712$1,663$982$563$316$118
43 years$2,619$1,585$922$520$287$104
44 years$2,531$1,510$865$480$260$92
45 years$2,447$1,440$812$443$236$81
46 years$2,366$1,374$763$409$215$72
47 years$2,290$1,311$717$378$195$63
48 years$2,217$1,252$674$350$177$56
49 years$2,147$1,195$633$323$161$49
50 years$2,080$1,142$595$299$146$43

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 $4,408 every year, while hoping to spend $48,889 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: 68/20/12 Blend
65$2,130,000$2,130,000$2,130,000$2,130,000
66$2,351,807$2,238,917$2,205,902$2,505,272
67$2,539,674$2,296,606$2,227,782$2,665,574
68$2,745,064$2,355,484$2,248,757$2,834,576
69$2,969,715$2,415,556$2,268,744$3,018,142
70$3,215,536$2,476,829$2,287,657$3,217,697
71$3,484,633$2,539,306$2,305,406$3,434,805
72$3,779,322$2,602,989$2,321,894$3,671,194
73$4,102,157$2,667,879$2,337,021$3,928,762
74$4,455,947$2,733,975$2,350,681$4,209,603
75$4,843,787$2,801,274$2,362,763$4,516,023
76$5,269,088$2,869,770$2,373,150$4,850,559
77$5,735,603$2,939,457$2,381,718$5,216,010
78$6,247,468$3,010,324$2,388,340$5,615,456
79$6,809,239$3,082,359$2,392,878$6,052,292
80$7,425,933$3,155,546$2,395,191$6,530,257
81$8,103,077$3,229,867$2,395,129$7,053,471
82$8,846,761$3,305,301$2,392,536$7,626,473
83$9,663,691$3,381,821$2,387,247$8,254,263
84$10,561,257$3,459,400$2,379,089$8,942,351
85$11,547,599$3,538,004$2,367,882$9,696,808
86$12,631,684$3,617,596$2,353,435$10,524,323
87$13,823,391$3,698,134$2,335,551$11,432,266
88$15,133,606$3,779,572$2,314,022$12,428,757
89$16,574,321$3,861,857$2,288,628$13,522,746
90$18,158,746$3,944,933$2,259,141$14,724,093
91$19,901,439$4,028,735$2,225,323$16,043,664
92$21,818,437$4,113,195$2,186,923$17,493,430
93$23,927,411$4,198,235$2,143,679$19,086,585
94$26,247,831$4,283,772$2,095,316$20,837,667
95$28,801,148$4,369,715$2,041,547$22,762,698
96$31,610,998$4,455,965$1,982,072$24,879,331
97$34,703,425$4,542,412$1,916,577$27,207,022
98$38,107,126$4,628,941$1,844,733$29,767,208
99$41,853,718$4,715,425$1,766,197$32,583,515
100$45,978,042$4,801,725$1,680,609$35,681,977