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%11.2%
1 years$179,197$177,600$176,043$174,523$173,039$172,165
2 years$88,711$87,059$85,458$83,905$82,399$81,517
3 years$58,553$56,894$55,297$53,759$52,278$51,415
4 years$43,477$41,823$40,242$38,730$37,285$36,448
5 years$34,434$32,790$31,229$29,749$28,343$27,535
6 years$28,407$26,775$25,238$23,790$22,427$21,648
7 years$24,104$22,486$20,973$19,559$18,239$17,490
8 years$20,878$19,275$17,787$16,408$15,131$14,412
9 years$18,370$16,782$15,320$13,976$12,743$12,053
10 years$16,365$14,793$13,356$12,047$10,857$10,197
11 years$14,726$13,169$11,758$10,485$9,338$8,706
12 years$13,361$11,820$10,435$9,196$8,092$7,489
13 years$12,207$10,682$9,323$8,119$7,056$6,481
14 years$11,218$9,709$8,377$7,207$6,185$5,637
15 years$10,362$8,870$7,563$6,428$5,446$4,925
16 years$9,614$8,138$6,857$5,755$4,813$4,318
17 years$8,954$7,494$6,240$5,171$4,268$3,797
18 years$8,369$6,925$5,696$4,660$3,795$3,348
19 years$7,846$6,418$5,215$4,211$3,382$2,959
20 years$7,375$5,964$4,786$3,814$3,021$2,621
21 years$6,950$5,555$4,402$3,461$2,704$2,325
22 years$6,564$5,186$4,057$3,147$2,423$2,066
23 years$6,212$4,850$3,746$2,866$2,175$1,838
24 years$5,890$4,544$3,464$2,614$1,955$1,637
25 years$5,595$4,265$3,209$2,387$1,759$1,460
26 years$5,322$4,008$2,976$2,183$1,585$1,303
27 years$5,070$3,772$2,763$1,998$1,429$1,164
28 years$4,836$3,554$2,569$1,831$1,289$1,040
29 years$4,619$3,353$2,391$1,679$1,164$930
30 years$4,417$3,167$2,227$1,541$1,052$832
31 years$4,228$2,994$2,076$1,415$951$745
32 years$4,052$2,832$1,937$1,300$860$668
33 years$3,886$2,682$1,808$1,196$779$598
34 years$3,731$2,542$1,690$1,100$705$536
35 years$3,584$2,411$1,580$1,013$638$481
36 years$3,446$2,289$1,478$933$578$432
37 years$3,316$2,174$1,383$859$524$387
38 years$3,193$2,066$1,295$792$475$347
39 years$3,077$1,964$1,214$730$431$312
40 years$2,967$1,869$1,138$674$391$280
41 years$2,862$1,779$1,067$622$355$251
42 years$2,763$1,694$1,001$574$322$226
43 years$2,668$1,614$939$530$292$203
44 years$2,578$1,539$881$489$265$182
45 years$2,493$1,467$827$452$241$164
46 years$2,411$1,400$777$417$219$147
47 years$2,333$1,336$730$385$198$132
48 years$2,258$1,275$686$356$180$119
49 years$2,187$1,218$645$329$164$107
50 years$2,119$1,163$606$304$149$96

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 $4,887 every year, while hoping to spend $27,706 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: 56/26/18 Blend
65$2,170,000$2,170,000$2,170,000$2,170,000
66$2,396,381$2,281,371$2,247,736$2,518,839
67$2,611,333$2,363,679$2,293,556$2,685,083
68$2,847,281$2,449,092$2,339,983$2,862,694
69$3,106,339$2,537,732$2,387,007$3,055,560
70$3,390,832$2,629,727$2,434,618$3,265,149
71$3,703,324$2,725,212$2,482,805$3,493,078
72$4,046,639$2,824,323$2,531,555$3,741,126
73$4,423,888$2,927,207$2,580,854$4,011,247
74$4,838,498$3,034,013$2,630,686$4,305,597
75$5,294,245$3,144,900$2,681,034$4,626,544
76$5,795,287$3,260,029$2,731,878$4,976,697
77$6,346,208$3,379,573$2,783,198$5,358,926
78$6,952,058$3,503,708$2,834,971$5,776,391
79$7,618,397$3,632,619$2,887,172$6,232,572
80$8,351,356$3,766,499$2,939,775$6,731,298
81$9,157,687$3,905,551$2,992,750$7,276,786
82$10,044,830$4,049,982$3,046,066$7,873,680
83$11,020,983$4,200,011$3,099,690$8,527,090
84$12,095,179$4,355,867$3,153,585$9,242,648
85$13,277,369$4,517,787$3,207,712$10,026,552
86$14,578,520$4,686,018$3,262,030$10,885,629
87$16,010,714$4,860,818$3,316,493$11,827,399
88$17,587,266$5,042,457$3,371,054$12,860,141
89$19,322,845$5,231,214$3,425,662$13,992,977
90$21,233,615$5,427,384$3,480,262$15,235,952
91$23,337,389$5,631,272$3,534,796$16,600,130
92$25,653,794$5,843,195$3,589,203$18,097,699
93$28,204,455$6,063,486$3,643,415$19,742,084
94$31,013,204$6,292,491$3,697,364$21,548,072
95$34,106,300$6,530,572$3,750,975$23,531,954
96$37,512,679$6,778,107$3,804,169$25,711,674
97$41,264,226$7,035,488$3,856,863$28,107,003
98$45,396,077$7,303,126$3,908,967$30,739,718
99$49,946,947$7,581,450$3,960,388$33,633,811
100$54,959,501$7,870,906$4,011,026$36,815,715