Can I retire at age 66 with 2,170,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$179,197$177,600$176,043$174,523$173,039$170,947
2 years$88,711$87,059$85,458$83,905$82,399$80,295
3 years$58,553$56,894$55,297$53,759$52,278$50,225
4 years$43,477$41,823$40,242$38,730$37,285$35,300
5 years$34,434$32,790$31,229$29,749$28,343$26,432
6 years$28,407$26,775$25,238$23,790$22,427$20,592
7 years$24,104$22,486$20,973$19,559$18,239$16,481
8 years$20,878$19,275$17,787$16,408$15,131$13,449
9 years$18,370$16,782$15,320$13,976$12,743$11,136
10 years$16,365$14,793$13,356$12,047$10,857$9,326
11 years$14,726$13,169$11,758$10,485$9,338$7,879
12 years$13,361$11,820$10,435$9,196$8,092$6,705
13 years$12,207$10,682$9,323$8,119$7,056$5,740
14 years$11,218$9,709$8,377$7,207$6,185$4,937
15 years$10,362$8,870$7,563$6,428$5,446$4,264
16 years$9,614$8,138$6,857$5,755$4,813$3,695
17 years$8,954$7,494$6,240$5,171$4,268$3,211
18 years$8,369$6,925$5,696$4,660$3,795$2,798
19 years$7,846$6,418$5,215$4,211$3,382$2,443
20 years$7,375$5,964$4,786$3,814$3,021$2,137
21 years$6,950$5,555$4,402$3,461$2,704$1,872
22 years$6,564$5,186$4,057$3,147$2,423$1,642
23 years$6,212$4,850$3,746$2,866$2,175$1,442
24 years$5,890$4,544$3,464$2,614$1,955$1,268
25 years$5,595$4,265$3,209$2,387$1,759$1,116
26 years$5,322$4,008$2,976$2,183$1,585$983
27 years$5,070$3,772$2,763$1,998$1,429$866
28 years$4,836$3,554$2,569$1,831$1,289$763
29 years$4,619$3,353$2,391$1,679$1,164$674
30 years$4,417$3,167$2,227$1,541$1,052$595
31 years$4,228$2,994$2,076$1,415$951$525
32 years$4,052$2,832$1,937$1,300$860$464
33 years$3,886$2,682$1,808$1,196$779$410
34 years$3,731$2,542$1,690$1,100$705$362
35 years$3,584$2,411$1,580$1,013$638$320
36 years$3,446$2,289$1,478$933$578$283
37 years$3,316$2,174$1,383$859$524$250
38 years$3,193$2,066$1,295$792$475$222
39 years$3,077$1,964$1,214$730$431$196
40 years$2,967$1,869$1,138$674$391$173
41 years$2,862$1,779$1,067$622$355$153
42 years$2,763$1,694$1,001$574$322$136
43 years$2,668$1,614$939$530$292$120
44 years$2,578$1,539$881$489$265$106
45 years$2,493$1,467$827$452$241$94
46 years$2,411$1,400$777$417$219$83
47 years$2,333$1,336$730$385$198$74
48 years$2,258$1,275$686$356$180$65
49 years$2,187$1,218$645$329$164$58
50 years$2,119$1,163$606$304$149$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,170,000, adding $3,829 every year, while hoping to spend $22,737 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: 42/40/18 Blend
65$2,170,000$2,170,000$2,170,000$2,170,000
66$2,395,290$2,280,280$2,246,645$2,483,114
67$2,615,417$2,367,821$2,297,715$2,633,158
68$2,857,236$2,458,891$2,349,735$2,793,023
69$3,122,934$2,553,636$2,402,711$2,965,663
70$3,414,922$2,652,213$2,456,651$3,152,260
71$3,735,857$2,754,785$2,511,561$3,354,112
72$4,088,664$2,861,519$2,567,448$3,572,647
73$4,476,568$2,972,594$2,624,318$3,809,432
74$4,903,120$3,088,193$2,682,175$4,066,189
75$5,372,234$3,208,510$2,741,023$4,344,811
76$5,888,221$3,333,746$2,800,866$4,647,379
77$6,455,831$3,464,111$2,861,707$4,976,179
78$7,080,298$3,599,824$2,923,546$5,333,728
79$7,767,388$3,741,116$2,986,385$5,722,791
80$8,523,457$3,888,225$3,050,224$6,146,408
81$9,355,503$4,041,403$3,115,061$6,607,926
82$10,271,243$4,200,909$3,180,893$7,111,023
83$11,279,174$4,367,018$3,247,718$7,659,747
84$12,388,662$4,540,015$3,315,529$8,258,553
85$13,610,028$4,720,197$3,384,321$8,912,340
86$14,954,640$4,907,877$3,454,086$9,626,500
87$16,435,030$5,103,379$3,524,814$10,406,968
88$18,065,002$5,307,044$3,596,494$11,260,274
89$19,859,770$5,519,227$3,669,114$12,193,606
90$21,836,096$5,740,299$3,742,659$13,214,875
91$24,012,453$5,970,648$3,817,113$14,332,792
92$26,409,194$6,210,680$3,892,457$15,556,943
93$29,048,747$6,460,820$3,968,670$16,897,884
94$31,955,829$6,721,509$4,045,730$18,367,235
95$35,157,672$6,993,212$4,123,611$19,977,791
96$38,684,287$7,276,411$4,202,284$21,743,640
97$42,568,743$7,571,615$4,281,720$23,680,295
98$46,847,482$7,879,351$4,361,885$25,804,838
99$51,560,660$8,200,173$4,442,742$28,136,080
100$56,752,525$8,534,660$4,524,252$30,694,738