Can I retire at age 66 with 2,200,000?

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 $2,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$181,674$180,056$178,477$176,936$175,431$172,881
2 years$89,938$88,263$86,639$85,065$83,539$80,975
3 years$59,363$57,681$56,061$54,502$53,000$50,502
4 years$44,078$42,401$40,798$39,266$37,800$35,388
5 years$34,910$33,243$31,661$30,160$28,735$26,415
6 years$28,800$27,146$25,587$24,119$22,737$20,512
7 years$24,437$22,797$21,263$19,830$18,491$16,362
8 years$21,167$19,541$18,033$16,635$15,340$13,306
9 years$18,624$17,014$15,531$14,169$12,919$10,979
10 years$16,592$14,997$13,541$12,214$11,007$9,160
11 years$14,930$13,351$11,921$10,630$9,467$7,711
12 years$13,546$11,983$10,580$9,324$8,204$6,537
13 years$12,375$10,829$9,452$8,231$7,154$5,574
14 years$11,373$9,843$8,493$7,307$6,271$4,775
15 years$10,505$8,992$7,668$6,516$5,521$4,107
16 years$9,747$8,250$6,952$5,835$4,880$3,544
17 years$9,078$7,598$6,326$5,243$4,327$3,067
18 years$8,485$7,021$5,775$4,725$3,847$2,661
19 years$7,954$6,507$5,287$4,269$3,429$2,313
20 years$7,477$6,047$4,852$3,866$3,063$2,014
21 years$7,046$5,632$4,463$3,509$2,741$1,757
22 years$6,655$5,257$4,113$3,191$2,457$1,534
23 years$6,298$4,917$3,798$2,906$2,205$1,341
24 years$5,972$4,607$3,512$2,650$1,982$1,174
25 years$5,672$4,323$3,253$2,420$1,784$1,028
26 years$5,396$4,063$3,017$2,213$1,607$901
27 years$5,140$3,824$2,802$2,026$1,449$790
28 years$4,903$3,603$2,604$1,856$1,307$693
29 years$4,683$3,399$2,424$1,702$1,180$609
30 years$4,478$3,210$2,258$1,562$1,066$535
31 years$4,287$3,035$2,105$1,434$964$470
32 years$4,108$2,872$1,964$1,318$872$413
33 years$3,940$2,719$1,833$1,212$789$363
34 years$3,782$2,577$1,713$1,115$715$319
35 years$3,634$2,445$1,602$1,027$647$281
36 years$3,494$2,320$1,498$946$586$247
37 years$3,362$2,204$1,402$871$532$217
38 years$3,238$2,094$1,313$803$482$191
39 years$3,120$1,992$1,230$740$437$168
40 years$3,008$1,895$1,153$683$396$148
41 years$2,902$1,804$1,081$630$360$131
42 years$2,801$1,718$1,014$582$326$115
43 years$2,705$1,637$952$537$296$101
44 years$2,614$1,560$893$496$269$89
45 years$2,527$1,488$839$458$244$78
46 years$2,444$1,419$788$423$222$69
47 years$2,365$1,354$740$391$201$61
48 years$2,289$1,293$696$361$183$54
49 years$2,217$1,235$654$334$166$47
50 years$2,148$1,179$615$308$151$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,200,000, adding $3,360 every year, while hoping to spend $41,299 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: 25/49/26 Blend
65$2,200,000$2,200,000$2,200,000$2,200,000
66$2,427,866$2,311,266$2,277,166$2,468,586
67$2,631,566$2,380,576$2,309,509$2,571,783
68$2,854,660$2,451,898$2,341,552$2,678,596
69$3,099,082$2,525,288$2,373,240$2,792,255
70$3,366,962$2,600,800$2,404,517$2,913,361
71$3,660,646$2,678,494$2,435,323$3,042,572
72$3,982,719$2,758,427$2,465,593$3,180,615
73$4,336,028$2,840,661$2,495,262$3,328,287
74$4,723,706$2,925,257$2,524,257$3,486,464
75$5,149,208$3,012,279$2,552,503$3,656,110
76$5,616,338$3,101,791$2,579,922$3,838,285
77$6,129,284$3,193,859$2,606,430$4,034,155
78$6,692,664$3,288,551$2,631,938$4,245,003
79$7,311,561$3,385,935$2,656,354$4,472,240
80$7,991,578$3,486,084$2,679,579$4,717,420
81$8,738,885$3,589,068$2,701,511$4,982,252
82$9,560,281$3,694,961$2,722,041$5,268,618
83$10,463,255$3,803,840$2,741,054$5,578,589
84$11,456,058$3,915,780$2,758,431$5,914,446
85$12,547,783$4,030,859$2,774,045$6,278,701
86$13,748,444$4,149,159$2,787,764$6,674,117
87$15,069,078$4,270,760$2,799,446$7,103,740
88$16,521,842$4,395,746$2,808,946$7,570,924
89$18,120,134$4,524,201$2,816,109$8,079,360
90$19,878,713$4,656,212$2,820,774$8,633,116
91$21,813,842$4,791,867$2,822,771$9,236,673
92$23,943,441$4,931,255$2,821,920$9,894,966
93$26,287,253$5,074,468$2,818,036$10,613,430
94$28,867,034$5,221,598$2,810,921$11,398,054
95$31,706,754$5,372,739$2,800,370$12,255,437
96$34,832,828$5,527,988$2,786,167$13,192,845
97$38,274,358$5,687,442$2,768,086$14,218,287
98$42,063,415$5,851,199$2,745,889$15,340,585
99$46,235,336$6,019,360$2,719,328$16,569,459
100$50,829,058$6,192,026$2,688,144$17,915,619