Can I retire at age 66 with 2,180,000?

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 $2,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$180,022$178,419$176,854$175,327$173,836$169,841
2 years$89,120$87,460$85,852$84,292$82,779$78,776
3 years$58,823$57,156$55,552$54,007$52,519$48,632
4 years$43,678$42,016$40,427$38,909$37,457$33,718
5 years$34,593$32,941$31,373$29,886$28,474$24,893
6 years$28,538$26,899$25,354$23,900$22,530$19,110
7 years$24,215$22,590$21,070$19,649$18,323$15,065
8 years$20,974$19,363$17,869$16,483$15,201$12,103
9 years$18,455$16,859$15,390$14,040$12,801$9,862
10 years$16,441$14,861$13,418$12,103$10,907$8,123
11 years$14,794$13,230$11,813$10,533$9,381$6,748
12 years$13,422$11,874$10,483$9,239$8,129$5,643
13 years$12,263$10,731$9,366$8,157$7,089$4,745
14 years$11,270$9,754$8,416$7,240$6,214$4,008
15 years$10,410$8,910$7,598$6,457$5,471$3,398
16 years$9,658$8,175$6,889$5,782$4,836$2,889
17 years$8,996$7,529$6,269$5,195$4,288$2,463
18 years$8,407$6,957$5,722$4,682$3,812$2,104
19 years$7,882$6,448$5,239$4,230$3,398$1,801
20 years$7,409$5,992$4,808$3,831$3,035$1,544
21 years$6,982$5,581$4,422$3,477$2,716$1,325
22 years$6,594$5,210$4,076$3,162$2,435$1,139
23 years$6,241$4,872$3,763$2,879$2,185$979
24 years$5,918$4,565$3,480$2,626$1,964$843
25 years$5,620$4,284$3,223$2,398$1,768$726
26 years$5,347$4,026$2,990$2,193$1,592$626
27 years$5,093$3,789$2,776$2,007$1,435$540
28 years$4,859$3,571$2,581$1,839$1,295$465
29 years$4,641$3,369$2,402$1,686$1,170$402
30 years$4,438$3,181$2,237$1,548$1,057$347
31 years$4,248$3,007$2,086$1,421$955$299
32 years$4,070$2,846$1,946$1,306$864$259
33 years$3,904$2,695$1,817$1,201$782$223
34 years$3,748$2,554$1,698$1,105$708$193
35 years$3,601$2,422$1,587$1,017$641$167
36 years$3,462$2,299$1,485$937$581$144
37 years$3,332$2,184$1,390$863$527$125
38 years$3,208$2,075$1,301$796$478$108
39 years$3,091$1,973$1,219$734$433$93
40 years$2,980$1,878$1,143$677$393$81
41 years$2,875$1,787$1,072$624$356$70
42 years$2,775$1,702$1,005$576$323$60
43 years$2,681$1,622$943$532$293$52
44 years$2,590$1,546$885$491$266$45
45 years$2,504$1,474$831$454$242$39
46 years$2,422$1,406$781$419$220$34
47 years$2,344$1,342$734$387$199$29
48 years$2,269$1,281$689$358$181$25
49 years$2,197$1,223$648$331$164$22
50 years$2,128$1,169$609$306$149$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,180,000, adding $3,349 every year, while hoping to spend $40,908 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: 63/16/21 Blend
65$2,180,000$2,180,000$2,180,000$2,180,000
66$2,405,814$2,290,274$2,256,484$2,544,123
67$2,607,682$2,358,972$2,288,551$2,706,479
68$2,828,768$2,429,665$2,320,321$2,878,839
69$3,070,992$2,502,407$2,351,740$3,066,146
70$3,336,463$2,577,255$2,382,754$3,269,861
71$3,627,508$2,654,266$2,413,301$3,491,596
72$3,946,687$2,733,499$2,443,320$3,733,125
73$4,296,821$2,815,012$2,472,743$3,996,403
74$4,681,017$2,898,868$2,501,501$4,283,582
75$5,102,698$2,985,130$2,529,518$4,597,032
76$5,565,633$3,073,861$2,556,717$4,939,364
77$6,073,975$3,165,128$2,583,015$5,313,455
78$6,632,299$3,258,997$2,608,324$5,722,472
79$7,245,642$3,355,538$2,632,552$6,169,906
80$7,919,558$3,454,819$2,655,602$6,659,603
81$8,660,161$3,556,914$2,677,373$7,195,797
82$9,474,189$3,661,894$2,697,757$7,783,155
83$10,369,065$3,769,835$2,716,640$8,426,820
84$11,352,966$3,880,814$2,733,904$9,132,455
85$12,434,903$3,994,907$2,749,424$9,906,301
86$13,624,800$4,112,195$2,763,067$10,755,236
87$14,933,596$4,232,759$2,774,696$11,686,835
88$16,373,339$4,356,680$2,784,164$12,709,447
89$17,957,306$4,484,044$2,791,321$13,832,270
90$19,700,126$4,614,937$2,796,004$15,065,440
91$21,617,915$4,749,445$2,798,047$16,420,125
92$23,728,432$4,887,658$2,797,271$17,908,631
93$26,051,245$5,029,666$2,793,493$19,544,517
94$28,607,915$5,175,562$2,786,517$21,342,726
95$31,422,196$5,325,439$2,776,140$23,319,724
96$34,520,268$5,479,393$2,762,148$25,493,652
97$37,930,972$5,637,520$2,744,317$27,884,504
98$41,686,092$5,799,919$2,722,412$30,514,312
99$45,820,648$5,966,689$2,696,187$33,407,351
100$50,373,229$6,137,933$2,665,385$36,590,376