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%12.4%
1 years$181,674$180,056$178,477$176,936$175,431$173,671
2 years$89,938$88,263$86,639$85,065$83,539$81,766
3 years$59,363$57,681$56,061$54,502$53,000$51,270
4 years$44,078$42,401$40,798$39,266$37,800$36,126
5 years$34,910$33,243$31,661$30,160$28,735$27,121
6 years$28,800$27,146$25,587$24,119$22,737$21,186
7 years$24,437$22,797$21,263$19,830$18,491$17,003
8 years$21,167$19,541$18,033$16,635$15,340$13,915
9 years$18,624$17,014$15,531$14,169$12,919$11,556
10 years$16,592$14,997$13,541$12,214$11,007$9,707
11 years$14,930$13,351$11,921$10,630$9,467$8,227
12 years$13,546$11,983$10,580$9,324$8,204$7,023
13 years$12,375$10,829$9,452$8,231$7,154$6,031
14 years$11,373$9,843$8,493$7,307$6,271$5,205
15 years$10,505$8,992$7,668$6,516$5,521$4,511
16 years$9,747$8,250$6,952$5,835$4,880$3,922
17 years$9,078$7,598$6,326$5,243$4,327$3,421
18 years$8,485$7,021$5,775$4,725$3,847$2,991
19 years$7,954$6,507$5,287$4,269$3,429$2,621
20 years$7,477$6,047$4,852$3,866$3,063$2,301
21 years$7,046$5,632$4,463$3,509$2,741$2,023
22 years$6,655$5,257$4,113$3,191$2,457$1,782
23 years$6,298$4,917$3,798$2,906$2,205$1,571
24 years$5,972$4,607$3,512$2,650$1,982$1,386
25 years$5,672$4,323$3,253$2,420$1,784$1,225
26 years$5,396$4,063$3,017$2,213$1,607$1,083
27 years$5,140$3,824$2,802$2,026$1,449$958
28 years$4,903$3,603$2,604$1,856$1,307$848
29 years$4,683$3,399$2,424$1,702$1,180$751
30 years$4,478$3,210$2,258$1,562$1,066$666
31 years$4,287$3,035$2,105$1,434$964$590
32 years$4,108$2,872$1,964$1,318$872$524
33 years$3,940$2,719$1,833$1,212$789$465
34 years$3,782$2,577$1,713$1,115$715$412
35 years$3,634$2,445$1,602$1,027$647$366
36 years$3,494$2,320$1,498$946$586$325
37 years$3,362$2,204$1,402$871$532$289
38 years$3,238$2,094$1,313$803$482$257
39 years$3,120$1,992$1,230$740$437$228
40 years$3,008$1,895$1,153$683$396$203
41 years$2,902$1,804$1,081$630$360$180
42 years$2,801$1,718$1,014$582$326$160
43 years$2,705$1,637$952$537$296$142
44 years$2,614$1,560$893$496$269$126
45 years$2,527$1,488$839$458$244$112
46 years$2,444$1,419$788$423$222$100
47 years$2,365$1,354$740$391$201$89
48 years$2,289$1,293$696$361$183$79
49 years$2,217$1,235$654$334$166$70
50 years$2,148$1,179$615$308$151$63

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 $2,341 every year, while hoping to spend $50,756 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: 44/38/18 Blend
65$2,200,000$2,200,000$2,200,000$2,200,000
66$2,426,815$2,310,215$2,276,115$2,520,869
67$2,620,346$2,369,411$2,298,361$2,646,367
68$2,831,916$2,429,807$2,319,651$2,777,107
69$3,063,312$2,491,408$2,339,899$2,917,750
70$3,316,500$2,554,217$2,359,016$3,069,235
71$3,593,646$2,618,237$2,376,906$3,232,595
72$3,897,135$2,683,468$2,393,470$3,408,969
73$4,229,594$2,749,909$2,408,602$3,599,609
74$4,593,914$2,817,556$2,422,192$3,805,897
75$4,993,282$2,886,405$2,434,124$4,029,353
76$5,431,204$2,956,447$2,444,275$4,271,654
77$5,911,547$3,027,672$2,452,517$4,534,643
78$6,438,564$3,100,067$2,458,716$4,820,356
79$7,016,944$3,173,618$2,462,730$5,131,033
80$7,651,851$3,248,303$2,464,410$5,469,142
81$8,348,973$3,324,103$2,463,601$5,837,404
82$9,114,575$3,400,991$2,460,138$6,238,817
83$9,955,559$3,478,937$2,453,851$6,676,683
84$10,879,530$3,557,909$2,444,559$7,154,643
85$11,894,864$3,637,869$2,432,073$7,676,710
86$13,010,789$3,718,773$2,416,196$8,247,302
87$14,237,472$3,800,575$2,396,721$8,871,295
88$15,586,113$3,883,222$2,373,430$9,554,056
89$17,069,053$3,966,656$2,346,097$10,301,504
90$18,699,887$4,050,813$2,314,482$11,120,162
91$20,493,594$4,135,622$2,278,336$12,017,219
92$22,466,679$4,221,006$2,237,398$13,000,597
93$24,637,325$4,306,880$2,191,395$14,079,030
94$27,025,566$4,393,151$2,140,042$15,262,141
95$29,653,478$4,479,720$2,083,037$16,560,540
96$32,545,383$4,566,476$2,020,069$17,985,918
97$35,728,081$4,653,302$1,950,810$19,551,161
98$39,231,101$4,740,069$1,874,918$21,270,474
99$43,086,979$4,826,639$1,792,033$23,159,511
100$47,331,568$4,912,861$1,701,783$25,235,527