Can I retire at age 66 with 2,160,000?

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 $2,160,000?

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$178,371$176,782$175,232$173,719$172,241$169,878
2 years$88,302$86,658$85,064$83,519$82,020$79,643
3 years$58,283$56,632$55,042$53,511$52,037$49,720
4 years$43,277$41,630$40,057$38,552$37,113$34,875
5 years$34,275$32,639$31,085$29,611$28,213$26,059
6 years$28,276$26,652$25,122$23,681$22,324$20,257
7 years$23,993$22,382$20,876$19,469$18,155$16,177
8 years$20,782$19,186$17,705$16,332$15,061$13,171
9 years$18,286$16,705$15,249$13,911$12,684$10,880
10 years$16,290$14,724$13,294$11,992$10,807$9,089
11 years$14,658$13,108$11,704$10,436$9,295$7,661
12 years$13,299$11,765$10,387$9,154$8,055$6,502
13 years$12,150$10,632$9,280$8,082$7,024$5,552
14 years$11,166$9,664$8,338$7,174$6,157$4,763
15 years$10,314$8,829$7,528$6,398$5,421$4,102
16 years$9,570$8,100$6,826$5,729$4,791$3,545
17 years$8,913$7,460$6,211$5,147$4,248$3,072
18 years$8,330$6,893$5,670$4,639$3,777$2,669
19 years$7,809$6,389$5,191$4,191$3,367$2,323
20 years$7,341$5,937$4,764$3,796$3,007$2,026
21 years$6,918$5,530$4,382$3,445$2,691$1,770
22 years$6,534$5,162$4,038$3,133$2,412$1,548
23 years$6,184$4,828$3,729$2,853$2,165$1,355
24 years$5,863$4,523$3,448$2,602$1,946$1,188
25 years$5,569$4,245$3,194$2,376$1,751$1,042
26 years$5,297$3,990$2,962$2,173$1,578$915
27 years$5,047$3,755$2,751$1,989$1,422$803
28 years$4,814$3,538$2,557$1,822$1,283$706
29 years$4,598$3,338$2,380$1,671$1,159$621
30 years$4,397$3,152$2,216$1,533$1,047$546
31 years$4,209$2,980$2,066$1,408$947$481
32 years$4,033$2,819$1,928$1,294$856$423
33 years$3,868$2,670$1,800$1,190$775$373
34 years$3,713$2,531$1,682$1,095$702$328
35 years$3,568$2,400$1,573$1,008$636$289
36 years$3,431$2,278$1,471$928$576$255
37 years$3,301$2,164$1,377$855$522$225
38 years$3,179$2,056$1,289$788$473$198
39 years$3,063$1,955$1,208$727$429$175
40 years$2,953$1,860$1,132$671$389$154
41 years$2,849$1,771$1,062$619$353$136
42 years$2,750$1,687$996$571$320$120
43 years$2,656$1,607$935$527$291$106
44 years$2,566$1,532$877$487$264$93
45 years$2,481$1,461$824$449$240$82
46 years$2,400$1,393$774$415$218$73
47 years$2,322$1,330$727$384$198$64
48 years$2,248$1,269$683$354$179$56
49 years$2,177$1,212$642$328$163$50
50 years$2,109$1,158$604$303$148$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,160,000, adding $5,776 every year, while hoping to spend $32,388 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: 53/26/21 Blend
65$2,160,000$2,160,000$2,160,000$2,160,000
66$2,386,278$2,271,798$2,238,318$2,498,693
67$2,595,218$2,348,655$2,278,841$2,653,468
68$2,824,384$2,428,193$2,319,636$2,817,942
69$3,075,805$2,510,509$2,360,678$2,996,228
70$3,351,717$2,595,703$2,401,940$3,189,653
71$3,654,580$2,683,881$2,443,393$3,399,678
72$3,987,106$2,775,150$2,485,006$3,627,908
73$4,352,282$2,869,624$2,526,745$3,876,112
74$4,753,398$2,967,419$2,568,575$4,146,236
75$5,194,080$3,068,658$2,610,457$4,440,422
76$5,678,320$3,173,466$2,652,351$4,761,028
77$6,210,518$3,281,975$2,694,214$5,110,649
78$6,795,520$3,394,320$2,735,999$5,492,145
79$7,438,665$3,510,644$2,777,657$5,908,660
80$8,145,835$3,631,092$2,819,135$6,363,660
81$8,923,513$3,755,818$2,860,379$6,860,959
82$9,778,838$3,884,980$2,901,328$7,404,759
83$10,719,678$4,018,742$2,941,921$7,999,686
84$11,754,700$4,157,276$2,982,090$8,650,834
85$12,893,456$4,300,759$3,021,767$9,363,816
86$14,146,467$4,449,375$3,060,875$10,144,812
87$15,525,329$4,603,317$3,099,336$11,000,628
88$17,042,816$4,762,783$3,137,068$11,938,763
89$18,713,006$4,927,981$3,173,981$12,967,475
90$20,551,406$5,099,126$3,209,984$14,095,861
91$22,575,109$5,276,442$3,244,977$15,333,945
92$24,802,944$5,460,162$3,278,858$16,692,763
93$27,255,661$5,650,527$3,311,517$18,184,480
94$29,956,124$5,847,788$3,342,838$19,822,490
95$32,929,526$6,052,207$3,372,701$21,621,555
96$36,203,628$6,264,056$3,400,977$23,597,935
97$39,809,021$6,483,618$3,427,532$25,769,545
98$43,779,411$6,711,185$3,452,225$28,156,120
99$48,151,942$6,947,064$3,474,905$30,779,406
100$52,967,543$7,191,573$3,495,417$33,663,361