Can I retire at age 66 with 2,220,000?

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 $2,220,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$183,326$181,693$180,099$178,544$177,026$173,452
2 years$90,755$89,065$87,427$85,839$84,298$80,713
3 years$59,902$58,205$56,571$54,998$53,482$49,998
4 years$44,479$42,787$41,169$39,623$38,144$34,787
5 years$35,228$33,545$31,949$30,434$28,996$25,777
6 years$29,062$27,392$25,820$24,338$22,944$19,865
7 years$24,659$23,004$21,456$20,010$18,660$15,722
8 years$21,359$19,719$18,197$16,786$15,480$12,682
9 years$18,794$17,169$15,673$14,298$13,036$10,377
10 years$16,742$15,133$13,664$12,325$11,108$8,585
11 years$15,065$13,472$12,029$10,726$9,553$7,163
12 years$13,669$12,092$10,676$9,408$8,278$6,018
13 years$12,488$10,928$9,538$8,306$7,219$5,084
14 years$11,477$9,933$8,570$7,373$6,328$4,315
15 years$10,601$9,074$7,738$6,576$5,572$3,675
16 years$9,835$8,325$7,015$5,888$4,924$3,141
17 years$9,161$7,667$6,384$5,290$4,366$2,691
18 years$8,562$7,085$5,827$4,768$3,882$2,311
19 years$8,026$6,566$5,335$4,308$3,460$1,988
20 years$7,545$6,102$4,896$3,902$3,091$1,713
21 years$7,110$5,683$4,503$3,541$2,766$1,478
22 years$6,715$5,305$4,150$3,220$2,479$1,277
23 years$6,356$4,962$3,832$2,932$2,226$1,105
24 years$6,026$4,649$3,544$2,674$2,000$956
25 years$5,724$4,363$3,283$2,442$1,800$828
26 years$5,445$4,100$3,044$2,233$1,621$718
27 years$5,187$3,859$2,827$2,044$1,462$622
28 years$4,948$3,636$2,628$1,873$1,319$540
29 years$4,726$3,430$2,446$1,717$1,191$469
30 years$4,519$3,240$2,278$1,576$1,076$407
31 years$4,326$3,062$2,124$1,448$973$353
32 years$4,145$2,898$1,982$1,330$880$307
33 years$3,976$2,744$1,850$1,223$797$267
34 years$3,817$2,601$1,729$1,126$721$232
35 years$3,667$2,467$1,616$1,036$653$202
36 years$3,526$2,341$1,512$954$592$175
37 years$3,393$2,224$1,415$879$536$152
38 years$3,267$2,113$1,325$810$486$133
39 years$3,148$2,010$1,242$747$441$115
40 years$3,035$1,912$1,164$689$400$100
41 years$2,928$1,820$1,091$636$363$87
42 years$2,826$1,733$1,024$587$329$76
43 years$2,730$1,652$960$542$299$66
44 years$2,638$1,574$902$500$271$57
45 years$2,550$1,501$847$462$246$50
46 years$2,466$1,432$795$427$224$43
47 years$2,387$1,367$747$394$203$38
48 years$2,310$1,305$702$364$184$33
49 years$2,237$1,246$660$337$167$29
50 years$2,167$1,190$620$311$152$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,220,000, adding $5,199 every year, while hoping to spend $28,857 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: 31/43/26 Blend
65$2,220,000$2,220,000$2,220,000$2,220,000
66$2,451,803$2,334,143$2,299,733$2,508,079
67$2,671,183$2,417,812$2,346,070$2,635,430
68$2,911,973$2,504,614$2,392,993$2,769,510
69$3,176,326$2,594,672$2,440,490$2,913,265
70$3,466,613$2,688,113$2,488,549$3,067,559
71$3,785,449$2,785,072$2,537,156$3,233,341
72$4,135,711$2,885,687$2,586,297$3,411,653
73$4,520,570$2,990,102$2,635,955$3,603,641
74$4,943,520$3,098,469$2,686,111$3,810,559
75$5,408,409$3,210,944$2,736,746$4,033,788
76$5,919,478$3,327,691$2,787,837$4,274,845
77$6,481,397$3,448,879$2,839,362$4,535,396
78$7,099,312$3,574,688$2,891,294$4,817,273
79$7,778,895$3,705,300$2,943,605$5,122,487
80$8,526,392$3,840,910$2,996,265$5,453,253
81$9,348,686$3,981,716$3,049,242$5,812,003
82$10,253,361$4,127,929$3,102,501$6,201,413
83$11,248,773$4,279,767$3,156,003$6,624,426
84$12,344,128$4,437,456$3,209,710$7,084,279
85$13,549,571$4,601,233$3,263,577$7,584,533
86$14,876,279$4,771,345$3,317,559$8,129,105
87$16,336,567$4,948,049$3,371,605$8,722,304
88$17,944,007$5,131,613$3,425,663$9,368,874
89$19,713,550$5,322,317$3,479,678$10,074,035
90$21,661,674$5,520,452$3,533,588$10,843,529
91$23,806,532$5,726,322$3,587,331$11,683,679
92$26,168,129$5,940,243$3,640,838$12,601,445
93$28,768,510$6,162,546$3,694,038$13,604,485
94$31,631,963$6,393,576$3,746,853$14,701,234
95$34,785,255$6,633,692$3,799,204$15,900,975
96$38,257,876$6,883,269$3,851,003$17,213,929
97$42,082,328$7,142,698$3,902,160$18,651,351
98$46,294,422$7,412,386$3,952,579$20,225,634
99$50,933,620$7,692,760$4,002,157$21,950,422
100$56,043,407$7,984,263$4,050,786$23,840,743