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

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 $2,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$180,022$178,419$176,854$175,327$173,836$171,949
2 years$89,120$87,460$85,852$84,292$82,779$80,879
3 years$58,823$57,156$55,552$54,007$52,519$50,665
4 years$43,678$42,016$40,427$38,909$37,457$35,663
5 years$34,593$32,941$31,373$29,886$28,474$26,746
6 years$28,538$26,899$25,354$23,900$22,530$20,870
7 years$24,215$22,590$21,070$19,649$18,323$16,731
8 years$20,974$19,363$17,869$16,483$15,201$13,677
9 years$18,455$16,859$15,390$14,040$12,801$11,345
10 years$16,441$14,861$13,418$12,103$10,907$9,518
11 years$14,794$13,230$11,813$10,533$9,381$8,057
12 years$13,422$11,874$10,483$9,239$8,129$6,869
13 years$12,263$10,731$9,366$8,157$7,089$5,892
14 years$11,270$9,754$8,416$7,240$6,214$5,078
15 years$10,410$8,910$7,598$6,457$5,471$4,394
16 years$9,658$8,175$6,889$5,782$4,836$3,816
17 years$8,996$7,529$6,269$5,195$4,288$3,324
18 years$8,407$6,957$5,722$4,682$3,812$2,902
19 years$7,882$6,448$5,239$4,230$3,398$2,539
20 years$7,409$5,992$4,808$3,831$3,035$2,226
21 years$6,982$5,581$4,422$3,477$2,716$1,954
22 years$6,594$5,210$4,076$3,162$2,435$1,718
23 years$6,241$4,872$3,763$2,879$2,185$1,512
24 years$5,918$4,565$3,480$2,626$1,964$1,333
25 years$5,620$4,284$3,223$2,398$1,768$1,176
26 years$5,347$4,026$2,990$2,193$1,592$1,038
27 years$5,093$3,789$2,776$2,007$1,435$917
28 years$4,859$3,571$2,581$1,839$1,295$810
29 years$4,641$3,369$2,402$1,686$1,170$717
30 years$4,438$3,181$2,237$1,548$1,057$634
31 years$4,248$3,007$2,086$1,421$955$561
32 years$4,070$2,846$1,946$1,306$864$497
33 years$3,904$2,695$1,817$1,201$782$440
34 years$3,748$2,554$1,698$1,105$708$390
35 years$3,601$2,422$1,587$1,017$641$346
36 years$3,462$2,299$1,485$937$581$307
37 years$3,332$2,184$1,390$863$527$272
38 years$3,208$2,075$1,301$796$478$241
39 years$3,091$1,973$1,219$734$433$214
40 years$2,980$1,878$1,143$677$393$190
41 years$2,875$1,787$1,072$624$356$168
42 years$2,775$1,702$1,005$576$323$149
43 years$2,681$1,622$943$532$293$133
44 years$2,590$1,546$885$491$266$118
45 years$2,504$1,474$831$454$242$104
46 years$2,422$1,406$781$419$220$93
47 years$2,344$1,342$734$387$199$82
48 years$2,269$1,281$689$358$181$73
49 years$2,197$1,223$648$331$164$65
50 years$2,128$1,169$609$306$149$58

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 $5,845 every year, while hoping to spend $51,290 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: 45/42/13 Blend
65$2,180,000$2,180,000$2,180,000$2,180,000
66$2,408,389$2,292,849$2,259,059$2,507,592
67$2,599,473$2,350,627$2,280,165$2,634,935
68$2,808,328$2,409,516$2,300,260$2,767,273
69$3,036,713$2,469,518$2,319,254$2,909,642
70$3,286,564$2,530,631$2,337,056$3,062,990
71$3,560,014$2,592,852$2,353,567$3,228,359
72$3,859,409$2,656,176$2,368,686$3,406,897
73$4,187,335$2,720,595$2,382,303$3,599,870
74$4,546,639$2,786,100$2,394,306$3,808,668
75$4,940,456$2,852,679$2,404,575$4,034,826
76$5,372,240$2,920,317$2,412,986$4,280,034
77$5,845,793$2,988,997$2,419,405$4,546,151
78$6,365,304$3,058,698$2,423,696$4,835,229
79$6,935,388$3,129,397$2,425,712$5,149,524
80$7,561,126$3,201,066$2,425,302$5,491,524
81$8,248,116$3,273,674$2,422,305$5,863,972
82$9,002,526$3,347,186$2,416,554$6,269,887
83$9,831,149$3,421,563$2,407,874$6,712,598
84$10,741,467$3,496,760$2,396,079$7,195,771
85$11,741,725$3,572,730$2,380,976$7,723,447
86$12,841,006$3,649,419$2,362,363$8,300,079
87$14,049,314$3,726,766$2,340,028$8,930,576
88$15,377,674$3,804,707$2,313,748$9,620,344
89$16,838,229$3,883,170$2,283,291$10,375,344
90$18,444,359$3,962,076$2,248,413$11,202,144
91$20,210,807$4,041,341$2,208,858$12,107,981
92$22,153,814$4,120,871$2,164,359$13,100,836
93$24,291,274$4,200,566$2,114,637$14,189,498
94$26,642,906$4,280,315$2,059,399$15,383,660
95$29,230,433$4,360,001$1,998,339$16,694,000
96$32,077,790$4,439,495$1,931,137$18,132,289
97$35,211,353$4,518,658$1,857,458$19,711,501
98$38,660,180$4,597,341$1,776,952$21,445,933
99$42,456,292$4,675,384$1,689,253$23,351,344
100$46,634,969$4,752,614$1,593,979$25,445,104