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

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 $2,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$179,197$177,600$176,043$174,523$173,039$171,303
2 years$88,711$87,059$85,458$83,905$82,399$80,651
3 years$58,553$56,894$55,297$53,759$52,278$50,571
4 years$43,477$41,823$40,242$38,730$37,285$35,633
5 years$34,434$32,790$31,229$29,749$28,343$26,751
6 years$28,407$26,775$25,238$23,790$22,427$20,897
7 years$24,104$22,486$20,973$19,559$18,239$16,771
8 years$20,878$19,275$17,787$16,408$15,131$13,726
9 years$18,370$16,782$15,320$13,976$12,743$11,399
10 years$16,365$14,793$13,356$12,047$10,857$9,574
11 years$14,726$13,169$11,758$10,485$9,338$8,115
12 years$13,361$11,820$10,435$9,196$8,092$6,928
13 years$12,207$10,682$9,323$8,119$7,056$5,949
14 years$11,218$9,709$8,377$7,207$6,185$5,134
15 years$10,362$8,870$7,563$6,428$5,446$4,449
16 years$9,614$8,138$6,857$5,755$4,813$3,869
17 years$8,954$7,494$6,240$5,171$4,268$3,374
18 years$8,369$6,925$5,696$4,660$3,795$2,950
19 years$7,846$6,418$5,215$4,211$3,382$2,585
20 years$7,375$5,964$4,786$3,814$3,021$2,270
21 years$6,950$5,555$4,402$3,461$2,704$1,996
22 years$6,564$5,186$4,057$3,147$2,423$1,757
23 years$6,212$4,850$3,746$2,866$2,175$1,549
24 years$5,890$4,544$3,464$2,614$1,955$1,367
25 years$5,595$4,265$3,209$2,387$1,759$1,208
26 years$5,322$4,008$2,976$2,183$1,585$1,068
27 years$5,070$3,772$2,763$1,998$1,429$945
28 years$4,836$3,554$2,569$1,831$1,289$837
29 years$4,619$3,353$2,391$1,679$1,164$741
30 years$4,417$3,167$2,227$1,541$1,052$657
31 years$4,228$2,994$2,076$1,415$951$582
32 years$4,052$2,832$1,937$1,300$860$517
33 years$3,886$2,682$1,808$1,196$779$458
34 years$3,731$2,542$1,690$1,100$705$407
35 years$3,584$2,411$1,580$1,013$638$361
36 years$3,446$2,289$1,478$933$578$321
37 years$3,316$2,174$1,383$859$524$285
38 years$3,193$2,066$1,295$792$475$253
39 years$3,077$1,964$1,214$730$431$225
40 years$2,967$1,869$1,138$674$391$200
41 years$2,862$1,779$1,067$622$355$178
42 years$2,763$1,694$1,001$574$322$158
43 years$2,668$1,614$939$530$292$140
44 years$2,578$1,539$881$489$265$125
45 years$2,493$1,467$827$452$241$111
46 years$2,411$1,400$777$417$219$99
47 years$2,333$1,336$730$385$198$88
48 years$2,258$1,275$686$356$180$78
49 years$2,187$1,218$645$329$164$69
50 years$2,119$1,163$606$304$149$62

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 $3,020 every year, while hoping to spend $27,184 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: 54/24/22 Blend
65$2,170,000$2,170,000$2,170,000$2,170,000
66$2,394,455$2,279,445$2,245,810$2,509,164
67$2,609,766$2,362,214$2,292,121$2,671,037
68$2,846,127$2,448,128$2,339,073$2,844,063
69$3,105,658$2,537,312$2,386,657$3,031,847
70$3,390,691$2,629,897$2,434,866$3,235,807
71$3,703,798$2,726,018$2,483,691$3,457,505
72$4,047,810$2,825,817$2,533,119$3,698,660
73$4,425,848$2,929,443$2,583,139$3,961,164
74$4,841,348$3,037,049$2,633,738$4,247,097
75$5,298,097$3,148,796$2,684,900$4,558,749
76$5,800,266$3,264,851$2,736,607$4,898,641
77$6,352,453$3,385,388$2,788,843$5,269,549
78$6,959,720$3,510,589$2,841,586$5,674,527
79$7,627,647$3,640,643$2,894,815$6,116,937
80$8,362,380$3,775,748$2,948,505$6,600,481
81$9,170,693$3,916,110$3,002,630$7,129,237
82$10,060,047$4,061,943$3,057,161$7,707,692
83$11,038,665$4,213,471$3,112,069$8,340,789
84$12,115,605$4,370,928$3,167,320$9,033,969
85$13,300,849$4,534,556$3,222,878$9,793,226
86$14,605,397$4,704,609$3,278,705$10,625,160
87$16,041,365$4,881,353$3,334,759$11,537,040
88$17,622,108$5,065,064$3,390,998$12,536,873
89$19,362,340$5,256,028$3,447,372$13,633,474
90$21,278,272$5,454,547$3,503,833$14,836,558
91$23,387,770$5,660,935$3,560,326$16,156,821
92$25,710,520$5,875,517$3,616,794$17,606,047
93$28,268,211$6,098,636$3,673,175$19,197,217
94$31,084,746$6,330,647$3,729,404$20,944,628
95$34,186,463$6,571,921$3,785,412$22,864,032
96$37,602,384$6,822,847$3,841,125$24,972,780
97$41,364,490$7,083,829$3,896,464$27,289,987
98$45,508,019$7,355,288$3,951,348$29,836,711
99$50,071,806$7,637,666$4,005,687$32,636,153
100$55,098,642$7,931,423$4,059,389$35,713,871