Can I retire at age 66 with 2,190,000?

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 $2,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$180,848$179,237$177,666$176,132$174,634$171,248
2 years$89,529$87,861$86,245$84,679$83,159$79,761
3 years$59,093$57,418$55,807$54,254$52,759$49,456
4 years$43,878$42,209$40,613$39,087$37,628$34,445
5 years$34,751$33,092$31,517$30,023$28,605$25,550
6 years$28,669$27,022$25,471$24,009$22,634$19,712
7 years$24,326$22,693$21,166$19,739$18,407$15,618
8 years$21,071$19,452$17,951$16,559$15,271$12,613
9 years$18,540$16,937$15,461$14,105$12,860$10,333
10 years$16,516$14,929$13,479$12,158$10,957$8,559
11 years$14,862$13,290$11,867$10,581$9,424$7,150
12 years$13,484$11,929$10,531$9,281$8,166$6,015
13 years$12,319$10,780$9,409$8,194$7,121$5,088
14 years$11,321$9,799$8,454$7,274$6,242$4,324
15 years$10,458$8,951$7,633$6,487$5,496$3,689
16 years$9,703$8,213$6,920$5,808$4,858$3,157
17 years$9,037$7,564$6,297$5,219$4,307$2,709
18 years$8,446$6,989$5,749$4,703$3,830$2,329
19 years$7,918$6,477$5,263$4,250$3,414$2,007
20 years$7,443$6,019$4,830$3,849$3,049$1,732
21 years$7,014$5,607$4,442$3,493$2,729$1,497
22 years$6,625$5,234$4,094$3,176$2,446$1,295
23 years$6,270$4,895$3,780$2,892$2,195$1,122
24 years$5,945$4,586$3,496$2,638$1,973$972
25 years$5,646$4,304$3,238$2,409$1,776$844
26 years$5,371$4,045$3,003$2,203$1,599$732
27 years$5,117$3,807$2,789$2,016$1,442$636
28 years$4,881$3,587$2,593$1,847$1,301$553
29 years$4,662$3,384$2,413$1,694$1,175$481
30 years$4,458$3,196$2,247$1,555$1,062$418
31 years$4,267$3,021$2,095$1,428$960$364
32 years$4,089$2,859$1,955$1,312$868$316
33 years$3,922$2,707$1,825$1,207$786$275
34 years$3,765$2,566$1,705$1,110$711$240
35 years$3,617$2,434$1,594$1,022$644$209
36 years$3,478$2,310$1,491$941$584$182
37 years$3,347$2,194$1,396$867$529$158
38 years$3,223$2,085$1,307$799$480$138
39 years$3,105$1,983$1,225$737$435$120
40 years$2,994$1,886$1,148$680$395$105
41 years$2,888$1,795$1,076$627$358$91
42 years$2,788$1,710$1,010$579$325$80
43 years$2,693$1,629$948$534$295$69
44 years$2,602$1,553$889$493$268$60
45 years$2,516$1,481$835$456$243$53
46 years$2,433$1,413$784$421$221$46
47 years$2,354$1,348$737$389$200$40
48 years$2,279$1,287$692$359$182$35
49 years$2,207$1,229$651$332$165$30
50 years$2,138$1,174$612$307$150$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,190,000, adding $3,266 every year, while hoping to spend $33,929 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: 74/14/12 Blend
65$2,190,000$2,190,000$2,190,000$2,190,000
66$2,416,749$2,300,679$2,266,734$2,589,517
67$2,627,157$2,377,312$2,306,569$2,780,704
68$2,857,890$2,456,563$2,346,602$2,985,564
69$3,110,984$2,538,524$2,386,803$3,209,081
70$3,388,684$2,623,292$2,427,140$3,453,096
71$3,693,462$2,710,965$2,467,581$3,719,635
72$4,028,039$2,801,646$2,508,090$4,010,929
73$4,395,416$2,895,443$2,548,627$4,329,434
74$4,798,895$2,992,467$2,589,153$4,677,857
75$5,242,116$3,092,831$2,629,623$5,059,175
76$5,729,088$3,196,657$2,669,992$5,476,672
77$6,264,228$3,304,066$2,710,210$5,933,960
78$6,852,402$3,415,188$2,750,225$6,435,020
79$7,498,970$3,530,155$2,789,980$6,984,236
80$8,209,839$3,649,106$2,829,418$7,586,437
81$8,991,513$3,772,183$2,868,475$8,246,943
82$9,851,164$3,899,536$2,907,084$8,971,614
83$10,796,687$4,031,319$2,945,177$9,766,904
84$11,836,787$4,167,690$2,982,678$10,639,924
85$12,981,050$4,308,818$3,019,508$11,598,507
86$14,240,040$4,454,873$3,055,585$12,651,284
87$15,625,398$4,606,036$3,090,820$13,807,762
88$17,149,947$4,762,490$3,125,122$15,078,416
89$18,827,820$4,924,430$3,158,391$16,474,784
90$20,674,586$5,092,056$3,190,526$18,009,582
91$22,707,401$5,265,574$3,221,416$19,696,816
92$24,945,169$5,445,201$3,250,947$21,551,921
93$27,408,721$5,631,160$3,278,998$23,591,900
94$30,121,008$5,823,684$3,305,442$25,835,490
95$33,107,322$6,023,015$3,330,145$28,303,333
96$36,395,529$6,229,403$3,352,965$31,018,174
97$40,016,338$6,443,109$3,373,754$34,005,076
98$44,003,586$6,664,403$3,392,357$37,291,653
99$48,394,560$6,893,567$3,408,609$40,908,331
100$53,230,344$7,130,891$3,422,337$44,888,638