Can I retire at age 66 with 2,150,000?

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 $2,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$177,545$175,964$174,421$172,915$171,444$168,952
2 years$87,894$86,257$84,670$83,132$81,640$79,134
3 years$58,014$56,370$54,787$53,263$51,796$49,355
4 years$43,077$41,438$39,871$38,373$36,941$34,583
5 years$34,117$32,488$30,942$29,474$28,082$25,814
6 years$28,145$26,529$25,005$23,571$22,220$20,045
7 years$23,882$22,279$20,780$19,379$18,071$15,990
8 years$20,686$19,097$17,623$16,257$14,992$13,004
9 years$18,201$16,627$15,178$13,847$12,625$10,729
10 years$16,215$14,656$13,233$11,936$10,757$8,952
11 years$14,590$13,048$11,650$10,388$9,252$7,536
12 years$13,238$11,711$10,339$9,112$8,017$6,388
13 years$12,094$10,583$9,237$8,044$6,991$5,447
14 years$11,115$9,620$8,300$7,141$6,128$4,667
15 years$10,267$8,788$7,494$6,368$5,396$4,014
16 years$9,525$8,063$6,794$5,702$4,769$3,464
17 years$8,872$7,425$6,182$5,123$4,229$2,998
18 years$8,292$6,861$5,644$4,617$3,760$2,601
19 years$7,773$6,359$5,166$4,172$3,351$2,261
20 years$7,307$5,909$4,742$3,779$2,993$1,968
21 years$6,886$5,504$4,361$3,429$2,679$1,717
22 years$6,504$5,138$4,020$3,118$2,401$1,499
23 years$6,155$4,805$3,711$2,840$2,155$1,311
24 years$5,836$4,502$3,432$2,590$1,937$1,147
25 years$5,543$4,225$3,179$2,365$1,743$1,004
26 years$5,273$3,971$2,948$2,163$1,570$880
27 years$5,023$3,737$2,738$1,980$1,416$772
28 years$4,792$3,522$2,545$1,814$1,277$678
29 years$4,577$3,322$2,369$1,663$1,153$595
30 years$4,376$3,137$2,206$1,526$1,042$522
31 years$4,189$2,966$2,057$1,402$942$459
32 years$4,014$2,806$1,919$1,288$852$404
33 years$3,850$2,658$1,792$1,185$771$355
34 years$3,696$2,519$1,674$1,090$698$312
35 years$3,551$2,389$1,565$1,003$633$274
36 years$3,415$2,268$1,464$924$573$241
37 years$3,286$2,154$1,370$852$519$212
38 years$3,164$2,047$1,283$785$471$187
39 years$3,049$1,946$1,202$724$427$165
40 years$2,939$1,852$1,127$667$387$145
41 years$2,836$1,763$1,057$616$351$128
42 years$2,737$1,679$991$568$319$112
43 years$2,644$1,599$930$525$289$99
44 years$2,555$1,525$873$484$263$87
45 years$2,470$1,454$820$447$238$77
46 years$2,389$1,387$770$413$217$68
47 years$2,311$1,324$723$382$197$59
48 years$2,237$1,264$680$353$179$52
49 years$2,167$1,207$639$326$162$46
50 years$2,099$1,153$601$301$147$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,150,000, adding $6,771 every year, while hoping to spend $52,128 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: 78/12/10 Blend
65$2,150,000$2,150,000$2,150,000$2,150,000
66$2,376,284$2,262,334$2,229,009$2,557,090
67$2,563,201$2,317,725$2,248,217$2,732,259
68$2,767,437$2,374,083$2,266,322$2,916,932
69$2,990,703$2,431,400$2,283,230$3,117,965
70$3,234,882$2,489,666$2,298,847$3,336,965
71$3,502,051$2,548,870$2,313,069$3,575,705
72$3,794,493$2,608,998$2,325,789$3,836,136
73$4,114,724$2,670,031$2,336,896$4,120,405
74$4,465,514$2,731,951$2,346,270$4,430,881
75$4,849,913$2,794,734$2,353,787$4,770,168
76$5,271,283$2,858,354$2,359,317$5,141,139
77$5,733,322$2,922,782$2,362,723$5,546,957
78$6,240,108$2,987,985$2,363,861$5,991,106
79$6,796,127$3,053,925$2,362,579$6,477,425
80$7,406,326$3,120,561$2,358,719$7,010,142
81$8,076,151$3,187,848$2,352,116$7,593,916
82$8,811,601$3,255,735$2,342,594$8,233,880
83$9,619,284$3,324,166$2,329,971$8,935,689
84$10,506,482$3,393,080$2,314,055$9,705,574
85$11,481,213$3,462,412$2,294,647$10,550,398
86$12,552,314$3,532,087$2,271,535$11,477,727
87$13,729,518$3,602,028$2,244,499$12,495,894
88$15,023,548$3,672,146$2,213,309$13,614,082
89$16,446,218$3,742,349$2,177,723$14,842,409
90$18,010,544$3,812,536$2,137,488$16,192,025
91$19,730,866$3,882,597$2,092,340$17,675,214
92$21,622,983$3,952,412$2,042,002$19,305,515
93$23,704,302$4,021,855$1,986,184$21,097,843
94$25,994,002$4,090,788$1,924,583$23,068,636
95$28,513,216$4,159,062$1,856,882$25,236,007
96$31,285,226$4,226,518$1,782,749$27,619,916
97$34,335,686$4,292,984$1,701,839$30,242,355
98$37,692,864$4,358,278$1,613,787$33,127,563
99$41,387,904$4,422,201$1,518,217$36,302,247
100$45,455,124$4,484,544$1,414,732$39,795,838