Can I retire at age 66 with 2,210,000?

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 $2,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$182,500$180,874$179,288$177,740$176,229$170,861
2 years$90,346$88,664$87,033$85,452$83,918$78,557
3 years$59,633$57,943$56,316$54,750$53,241$48,054
4 years$44,279$42,594$40,984$39,444$37,972$32,998
5 years$35,069$33,394$31,805$30,297$28,866$24,119
6 years$28,931$27,269$25,703$24,229$22,841$18,325
7 years$24,548$22,900$21,359$19,920$18,575$14,292
8 years$21,263$19,630$18,115$16,710$15,410$11,355
9 years$18,709$17,091$15,602$14,233$12,978$9,146
10 years$16,667$15,065$13,602$12,269$11,058$7,445
11 years$14,997$13,412$11,975$10,678$9,510$6,110
12 years$13,607$12,038$10,628$9,366$8,241$5,046
13 years$12,432$10,878$9,495$8,269$7,186$4,189
14 years$11,425$9,888$8,531$7,340$6,300$3,492
15 years$10,553$9,033$7,703$6,546$5,547$2,921
16 years$9,791$8,288$6,984$5,861$4,902$2,451
17 years$9,119$7,633$6,355$5,266$4,347$2,061
18 years$8,523$7,053$5,801$4,746$3,865$1,736
19 years$7,990$6,537$5,311$4,288$3,445$1,465
20 years$7,511$6,074$4,874$3,884$3,077$1,237
21 years$7,078$5,658$4,483$3,525$2,753$1,047
22 years$6,685$5,281$4,132$3,205$2,468$886
23 years$6,327$4,940$3,815$2,919$2,216$751
24 years$5,999$4,628$3,528$2,662$1,991$637
25 years$5,698$4,343$3,268$2,431$1,792$540
26 years$5,420$4,082$3,031$2,223$1,614$458
27 years$5,163$3,842$2,814$2,035$1,455$389
28 years$4,926$3,620$2,616$1,864$1,313$331
29 years$4,705$3,415$2,435$1,710$1,186$281
30 years$4,499$3,225$2,268$1,569$1,071$239
31 years$4,306$3,049$2,114$1,441$969$203
32 years$4,126$2,885$1,973$1,324$876$173
33 years$3,958$2,732$1,842$1,218$793$147
34 years$3,799$2,589$1,721$1,120$718$125
35 years$3,650$2,456$1,609$1,031$650$106
36 years$3,510$2,331$1,505$950$589$90
37 years$3,377$2,214$1,409$875$534$77
38 years$3,252$2,104$1,319$807$484$65
39 years$3,134$2,001$1,236$744$439$56
40 years$3,021$1,903$1,158$686$398$47
41 years$2,915$1,812$1,086$633$361$40
42 years$2,814$1,726$1,019$584$328$34
43 years$2,717$1,644$956$539$297$29
44 years$2,626$1,567$898$498$270$25
45 years$2,539$1,494$843$460$245$21
46 years$2,455$1,426$792$425$223$18
47 years$2,376$1,361$744$392$202$15
48 years$2,300$1,299$699$363$184$13
49 years$2,227$1,240$657$335$167$11
50 years$2,158$1,185$618$310$151$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,210,000, adding $2,878 every year, while hoping to spend $32,546 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: 56/35/9 Blend
65$2,210,000$2,210,000$2,210,000$2,210,000
66$2,438,389$2,321,259$2,287,004$2,569,525
67$2,652,476$2,400,372$2,328,990$2,737,499
68$2,887,309$2,482,270$2,371,291$2,916,508
69$3,144,969$2,567,057$2,413,885$3,110,694
70$3,427,751$2,654,837$2,456,745$3,321,509
71$3,738,179$2,745,722$2,499,843$3,550,550
72$4,079,036$2,839,825$2,543,151$3,799,573
73$4,453,387$2,937,265$2,586,635$4,070,511
74$4,864,607$3,038,167$2,630,262$4,365,488
75$5,316,417$3,142,656$2,673,996$4,686,845
76$5,812,913$3,250,868$2,717,797$5,037,155
77$6,358,610$3,362,941$2,761,622$5,419,251
78$6,958,481$3,479,017$2,805,429$5,836,250
79$7,618,004$3,599,247$2,849,169$6,291,584
80$8,343,215$3,723,785$2,892,792$6,789,031
81$9,140,766$3,852,794$2,936,243$7,332,749
82$10,017,984$3,986,440$2,979,466$7,927,316
83$10,982,940$4,124,897$3,022,400$8,577,772
84$12,044,530$4,268,348$3,064,981$9,289,668
85$13,212,555$4,416,979$3,107,140$10,069,113
86$14,497,811$4,570,987$3,148,806$10,922,838
87$15,912,198$4,730,575$3,189,900$11,858,251
88$17,468,823$4,895,954$3,230,343$12,883,513
89$19,182,132$5,067,345$3,270,049$14,007,612
90$21,068,041$5,244,976$3,308,927$15,240,444
91$23,144,086$5,429,085$3,346,881$16,592,911
92$25,429,592$5,619,919$3,383,810$18,077,019
93$27,945,850$5,817,736$3,419,608$19,705,994
94$30,716,324$6,022,802$3,454,162$21,494,401
95$33,766,866$6,235,396$3,487,353$23,458,288
96$37,125,964$6,455,808$3,519,057$25,615,329
97$40,825,009$6,684,339$3,549,142$27,984,994
98$44,898,590$6,921,302$3,577,469$30,588,732
99$49,384,824$7,167,023$3,603,891$33,450,171
100$54,325,710$7,421,842$3,628,257$36,595,342