Can I retire at age 66 with 2,140,000?

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 $2,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$176,719$175,145$173,609$172,110$170,647$164,986
2 years$87,485$85,855$84,276$82,745$81,260$75,612
3 years$57,744$56,107$54,532$53,016$51,555$46,097
4 years$42,876$41,245$39,686$38,195$36,769$31,543
5 years$33,958$32,337$30,798$29,337$27,951$22,971
6 years$28,015$26,405$24,889$23,461$22,117$17,386
7 years$23,771$22,175$20,683$19,289$17,987$13,505
8 years$20,590$19,008$17,541$16,181$14,922$10,685
9 years$18,116$16,550$15,108$13,783$12,567$8,571
10 years$16,139$14,588$13,171$11,881$10,707$6,946
11 years$14,522$12,987$11,596$10,340$9,209$5,674
12 years$13,176$11,656$10,291$9,069$7,980$4,665
13 years$12,038$10,534$9,194$8,007$6,959$3,854
14 years$11,063$9,575$8,261$7,108$6,100$3,198
15 years$10,219$8,747$7,459$6,339$5,371$2,662
16 years$9,481$8,025$6,762$5,676$4,747$2,221
17 years$8,831$7,391$6,154$5,100$4,209$1,858
18 years$8,253$6,829$5,617$4,596$3,742$1,557
19 years$7,737$6,330$5,142$4,153$3,336$1,307
20 years$7,273$5,882$4,719$3,761$2,979$1,098
21 years$6,854$5,479$4,341$3,413$2,666$924
22 years$6,473$5,114$4,001$3,104$2,390$778
23 years$6,127$4,783$3,694$2,826$2,145$656
24 years$5,809$4,481$3,416$2,578$1,928$553
25 years$5,517$4,206$3,164$2,354$1,735$466
26 years$5,248$3,953$2,935$2,153$1,563$394
27 years$5,000$3,720$2,725$1,970$1,409$332
28 years$4,770$3,505$2,533$1,805$1,271$281
29 years$4,556$3,307$2,358$1,655$1,148$237
30 years$4,356$3,123$2,196$1,519$1,037$200
31 years$4,170$2,952$2,047$1,395$938$169
32 years$3,996$2,793$1,910$1,282$848$143
33 years$3,832$2,645$1,783$1,179$768$121
34 years$3,679$2,507$1,666$1,085$695$102
35 years$3,535$2,378$1,558$999$630$87
36 years$3,399$2,257$1,457$920$570$73
37 years$3,271$2,144$1,364$848$517$62
38 years$3,149$2,037$1,277$781$469$52
39 years$3,034$1,937$1,197$720$425$44
40 years$2,926$1,843$1,122$664$386$37
41 years$2,823$1,754$1,052$613$350$32
42 years$2,725$1,671$987$566$317$27
43 years$2,631$1,592$926$522$288$23
44 years$2,543$1,518$869$482$261$19
45 years$2,458$1,447$816$445$237$16
46 years$2,377$1,381$766$411$216$14
47 years$2,301$1,317$720$380$196$12
48 years$2,227$1,258$677$351$178$10
49 years$2,157$1,201$636$325$161$8
50 years$2,089$1,147$598$300$147$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,140,000, adding $5,296 every year, while hoping to spend $47,507 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: 70/10/20 Blend
65$2,140,000$2,140,000$2,140,000$2,140,000
66$2,363,743$2,250,323$2,217,153$2,517,282
67$2,554,298$2,310,042$2,240,880$2,680,094
68$2,762,697$2,371,094$2,263,811$2,852,129
69$2,990,710$2,433,496$2,285,866$3,039,260
70$3,240,286$2,497,262$2,306,967$3,242,974
71$3,513,572$2,562,404$2,327,027$3,464,912
72$3,812,931$2,628,936$2,345,957$3,706,879
73$4,140,965$2,696,869$2,363,661$3,970,864
74$4,500,540$2,766,212$2,380,041$4,259,059
75$4,894,814$2,836,975$2,394,991$4,573,880
76$5,327,263$2,909,165$2,408,401$4,917,985
77$5,801,717$2,982,788$2,420,156$5,294,306
78$6,322,394$3,057,846$2,430,133$5,706,072
79$6,893,940$3,134,343$2,438,205$6,156,842
80$7,521,475$3,212,278$2,444,237$6,650,536
81$8,210,634$3,291,649$2,448,088$7,191,474
82$8,967,630$3,372,451$2,449,610$7,784,415
83$9,799,305$3,454,677$2,448,648$8,434,606
84$10,713,195$3,538,317$2,445,039$9,147,825
85$11,717,603$3,623,358$2,438,611$9,930,442
86$12,821,679$3,709,783$2,429,185$10,789,475
87$14,035,501$3,797,572$2,416,572$11,732,657
88$15,370,172$3,886,703$2,400,577$12,768,512
89$16,837,925$3,977,147$2,380,992$13,906,429
90$18,452,238$4,068,872$2,357,601$15,156,759
91$20,227,963$4,161,843$2,330,176$16,530,907
92$22,181,459$4,256,018$2,298,482$18,041,440
93$24,330,755$4,351,350$2,262,268$19,702,209
94$26,695,713$4,447,787$2,221,275$21,528,476
95$29,298,218$4,545,271$2,175,230$23,537,062
96$32,162,384$4,643,737$2,123,848$25,746,504
97$35,314,782$4,743,114$2,066,831$28,177,227
98$38,784,686$4,843,323$2,003,866$30,851,743
99$42,604,356$4,944,278$1,934,628$33,794,861
100$46,809,337$5,045,885$1,858,775$37,033,920