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

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 $2,220,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$183,326$181,693$180,099$178,544$177,026$170,271
2 years$90,755$89,065$87,427$85,839$84,298$77,572
3 years$59,902$58,205$56,571$54,998$53,482$46,997
4 years$44,479$42,787$41,169$39,623$38,144$31,949
5 years$35,228$33,545$31,949$30,434$28,996$23,107
6 years$29,062$27,392$25,820$24,338$22,944$17,365
7 years$24,659$23,004$21,456$20,010$18,660$13,388
8 years$21,359$19,719$18,197$16,786$15,480$10,512
9 years$18,794$17,169$15,673$14,298$13,036$8,365
10 years$16,742$15,133$13,664$12,325$11,108$6,723
11 years$15,065$13,472$12,029$10,726$9,553$5,446
12 years$13,669$12,092$10,676$9,408$8,278$4,439
13 years$12,488$10,928$9,538$8,306$7,219$3,635
14 years$11,477$9,933$8,570$7,373$6,328$2,989
15 years$10,601$9,074$7,738$6,576$5,572$2,465
16 years$9,835$8,325$7,015$5,888$4,924$2,038
17 years$9,161$7,667$6,384$5,290$4,366$1,688
18 years$8,562$7,085$5,827$4,768$3,882$1,401
19 years$8,026$6,566$5,335$4,308$3,460$1,165
20 years$7,545$6,102$4,896$3,902$3,091$969
21 years$7,110$5,683$4,503$3,541$2,766$807
22 years$6,715$5,305$4,150$3,220$2,479$673
23 years$6,356$4,962$3,832$2,932$2,226$561
24 years$6,026$4,649$3,544$2,674$2,000$468
25 years$5,724$4,363$3,283$2,442$1,800$391
26 years$5,445$4,100$3,044$2,233$1,621$326
27 years$5,187$3,859$2,827$2,044$1,462$273
28 years$4,948$3,636$2,628$1,873$1,319$228
29 years$4,726$3,430$2,446$1,717$1,191$191
30 years$4,519$3,240$2,278$1,576$1,076$159
31 years$4,326$3,062$2,124$1,448$973$133
32 years$4,145$2,898$1,982$1,330$880$111
33 years$3,976$2,744$1,850$1,223$797$93
34 years$3,817$2,601$1,729$1,126$721$78
35 years$3,667$2,467$1,616$1,036$653$65
36 years$3,526$2,341$1,512$954$592$55
37 years$3,393$2,224$1,415$879$536$46
38 years$3,267$2,113$1,325$810$486$38
39 years$3,148$2,010$1,242$747$441$32
40 years$3,035$1,912$1,164$689$400$27
41 years$2,928$1,820$1,091$636$363$22
42 years$2,826$1,733$1,024$587$329$19
43 years$2,730$1,652$960$542$299$16
44 years$2,638$1,574$902$500$271$13
45 years$2,550$1,501$847$462$246$11
46 years$2,466$1,432$795$427$224$9
47 years$2,387$1,367$747$394$203$8
48 years$2,310$1,305$702$364$184$6
49 years$2,237$1,246$660$337$167$5
50 years$2,167$1,190$620$311$152$4

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 $5,078 every year, while hoping to spend $34,236 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: 44/46/10 Blend
65$2,220,000$2,220,000$2,220,000$2,220,000
66$2,451,678$2,334,018$2,299,608$2,552,320
67$2,665,322$2,411,958$2,340,218$2,700,667
68$2,899,611$2,492,570$2,381,041$2,857,468
69$3,156,613$2,575,948$2,422,048$3,026,638
70$3,438,609$2,662,190$2,463,208$3,209,328
71$3,748,109$2,751,400$2,504,487$3,406,801
72$4,087,879$2,843,681$2,545,850$3,620,445
73$4,460,966$2,939,145$2,587,259$3,851,786
74$4,870,725$3,037,903$2,628,674$4,102,504
75$5,320,854$3,140,076$2,670,049$4,374,442
76$5,815,426$3,245,784$2,711,341$4,669,630
77$6,358,928$3,355,156$2,752,498$4,990,300
78$6,956,301$3,468,321$2,793,470$5,338,906
79$7,612,993$3,585,418$2,834,200$5,718,151
80$8,335,003$3,706,588$2,874,630$6,131,004
81$9,128,940$3,831,978$2,914,698$6,580,737
82$10,002,088$3,961,740$2,954,336$7,070,946
83$10,962,469$4,096,034$2,993,475$7,605,592
84$12,018,925$4,235,024$3,032,040$8,189,034
85$13,181,195$4,378,880$3,069,953$8,826,067
86$14,460,012$4,527,780$3,107,131$9,521,974
87$15,867,199$4,681,907$3,143,486$10,282,567
88$17,415,786$4,841,453$3,178,925$11,114,247
89$19,120,127$5,006,616$3,213,351$12,024,060
90$20,996,042$5,177,601$3,246,660$13,019,764
91$23,060,958$5,354,624$3,278,743$14,109,902
92$25,334,080$5,537,904$3,309,485$15,303,882
93$27,836,569$5,727,675$3,338,766$16,612,063
94$30,591,742$5,924,174$3,366,457$18,045,854
95$33,625,292$6,127,650$3,392,425$19,617,818
96$36,965,529$6,338,362$3,416,529$21,341,794
97$40,643,650$6,556,579$3,438,620$23,233,022
98$44,694,030$6,782,579$3,458,541$25,308,289
99$49,154,547$7,016,652$3,476,129$27,586,085
100$54,066,941$7,259,098$3,491,210$30,086,774