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

Use the below retirement simulation to view the chances of a successful retirement.
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%19.2%
1 years$182,500$180,874$179,288$177,740$176,229$169,706
2 years$90,346$88,664$87,033$85,452$83,918$77,421
3 years$59,633$57,943$56,316$54,750$53,241$46,973
4 years$44,279$42,594$40,984$39,444$37,972$31,981
5 years$35,069$33,394$31,805$30,297$28,866$23,167
6 years$28,931$27,269$25,703$24,229$22,841$17,438
7 years$24,548$22,900$21,359$19,920$18,575$13,468
8 years$21,263$19,630$18,115$16,710$15,410$10,594
9 years$18,709$17,091$15,602$14,233$12,978$8,445
10 years$16,667$15,065$13,602$12,269$11,058$6,801
11 years$14,997$13,412$11,975$10,678$9,510$5,520
12 years$13,607$12,038$10,628$9,366$8,241$4,508
13 years$12,432$10,878$9,495$8,269$7,186$3,699
14 years$11,425$9,888$8,531$7,340$6,300$3,048
15 years$10,553$9,033$7,703$6,546$5,547$2,519
16 years$9,791$8,288$6,984$5,861$4,902$2,087
17 years$9,119$7,633$6,355$5,266$4,347$1,733
18 years$8,523$7,053$5,801$4,746$3,865$1,442
19 years$7,990$6,537$5,311$4,288$3,445$1,201
20 years$7,511$6,074$4,874$3,884$3,077$1,001
21 years$7,078$5,658$4,483$3,525$2,753$836
22 years$6,685$5,281$4,132$3,205$2,468$698
23 years$6,327$4,940$3,815$2,919$2,216$584
24 years$5,999$4,628$3,528$2,662$1,991$488
25 years$5,698$4,343$3,268$2,431$1,792$409
26 years$5,420$4,082$3,031$2,223$1,614$342
27 years$5,163$3,842$2,814$2,035$1,455$287
28 years$4,926$3,620$2,616$1,864$1,313$240
29 years$4,705$3,415$2,435$1,710$1,186$201
30 years$4,499$3,225$2,268$1,569$1,071$169
31 years$4,306$3,049$2,114$1,441$969$141
32 years$4,126$2,885$1,973$1,324$876$119
33 years$3,958$2,732$1,842$1,218$793$99
34 years$3,799$2,589$1,721$1,120$718$83
35 years$3,650$2,456$1,609$1,031$650$70
36 years$3,510$2,331$1,505$950$589$59
37 years$3,377$2,214$1,409$875$534$49
38 years$3,252$2,104$1,319$807$484$41
39 years$3,134$2,001$1,236$744$439$35
40 years$3,021$1,903$1,158$686$398$29
41 years$2,915$1,812$1,086$633$361$24
42 years$2,814$1,726$1,019$584$328$20
43 years$2,717$1,644$956$539$297$17
44 years$2,626$1,567$898$498$270$14
45 years$2,539$1,494$843$460$245$12
46 years$2,455$1,426$792$425$223$10
47 years$2,376$1,361$744$392$202$8
48 years$2,300$1,299$699$363$184$7
49 years$2,227$1,240$657$335$167$6
50 years$2,158$1,185$618$310$151$5

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 $3,998 every year, while hoping to spend $36,973 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: 71/15/14 Blend
65$2,210,000$2,210,000$2,210,000$2,210,000
66$2,439,544$2,322,414$2,288,159$2,604,905
67$2,649,038$2,396,873$2,325,473$2,789,604
68$2,878,662$2,473,742$2,362,798$2,986,867
69$3,130,429$2,553,099$2,400,096$3,201,846
70$3,406,558$2,635,026$2,437,324$3,436,284
71$3,709,492$2,719,607$2,474,440$3,692,099
72$4,041,923$2,806,930$2,511,396$3,971,406
73$4,406,814$2,897,085$2,548,143$4,276,529
74$4,807,432$2,990,165$2,584,628$4,610,031
75$5,247,373$3,086,266$2,620,796$4,974,735
76$5,730,600$3,185,488$2,656,588$5,373,747
77$6,261,478$3,287,934$2,691,940$5,810,489
78$6,844,816$3,393,709$2,726,787$6,288,733
79$7,485,911$3,502,925$2,761,058$6,812,630
80$8,190,600$3,615,694$2,794,680$7,386,753
81$8,965,312$3,732,135$2,827,573$8,016,142
82$9,817,133$3,852,368$2,859,655$8,706,345
83$10,753,866$3,976,519$2,890,839$9,463,478
84$11,784,110$4,104,719$2,921,032$10,294,274
85$12,917,340$4,237,101$2,950,138$11,206,155
86$14,163,993$4,373,803$2,978,052$12,207,293
87$15,535,572$4,514,971$3,004,668$13,306,696
88$17,044,747$4,660,751$3,029,871$14,514,285
89$18,705,481$4,811,298$3,053,542$15,840,991
90$20,533,159$4,966,770$3,075,554$17,298,858
91$22,544,731$5,127,332$3,095,775$18,901,156
92$24,758,874$5,293,152$3,114,064$20,662,504
93$27,196,170$5,464,407$3,130,276$22,599,013
94$29,879,294$5,641,278$3,144,255$24,728,431
95$32,833,234$5,823,953$3,155,840$27,070,314
96$36,085,523$6,012,625$3,164,859$29,646,212
97$39,666,499$6,207,497$3,171,135$32,479,868
98$43,609,593$6,408,775$3,174,479$35,597,444
99$47,951,642$6,616,675$3,174,694$39,027,767
100$52,733,236$6,831,419$3,171,573$42,802,603