Can I retire at age 66 with 2,230,000?

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 $2,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$184,151$182,511$180,911$179,349$177,823$171,651
2 years$91,164$89,466$87,821$86,225$84,678$78,523
3 years$60,172$58,467$56,826$55,245$53,723$47,779
4 years$44,679$42,980$41,355$39,801$38,316$32,628
5 years$35,386$33,696$32,093$30,571$29,127$23,711
6 years$29,193$27,516$25,936$24,448$23,047$17,907
7 years$24,771$23,108$21,553$20,100$18,744$13,878
8 years$21,455$19,808$18,278$16,861$15,550$10,955
9 years$18,878$17,246$15,743$14,362$13,095$8,765
10 years$16,818$15,202$13,725$12,380$11,158$7,085
11 years$15,133$13,533$12,084$10,775$9,596$5,773
12 years$13,730$12,147$10,724$9,451$8,316$4,733
13 years$12,544$10,977$9,581$8,344$7,251$3,900
14 years$11,528$9,978$8,609$7,407$6,357$3,227
15 years$10,649$9,115$7,772$6,605$5,597$2,678
16 years$9,880$8,363$7,047$5,914$4,946$2,229
17 years$9,202$7,702$6,412$5,314$4,386$1,859
18 years$8,600$7,117$5,854$4,789$3,900$1,553
19 years$8,062$6,596$5,359$4,327$3,476$1,300
20 years$7,579$6,129$4,918$3,919$3,105$1,089
21 years$7,142$5,709$4,524$3,557$2,778$913
22 years$6,746$5,329$4,169$3,234$2,490$767
23 years$6,384$4,984$3,850$2,945$2,236$644
24 years$6,053$4,670$3,560$2,686$2,009$541
25 years$5,749$4,382$3,297$2,453$1,808$455
26 years$5,469$4,119$3,058$2,243$1,629$383
27 years$5,210$3,876$2,840$2,053$1,468$322
28 years$4,970$3,653$2,640$1,881$1,325$271
29 years$4,747$3,446$2,457$1,725$1,196$228
30 years$4,539$3,254$2,288$1,583$1,081$192
31 years$4,345$3,076$2,133$1,454$977$162
32 years$4,164$2,911$1,990$1,336$884$137
33 years$3,994$2,757$1,858$1,229$800$115
34 years$3,834$2,613$1,736$1,131$724$97
35 years$3,683$2,478$1,623$1,041$656$82
36 years$3,542$2,352$1,519$959$594$69
37 years$3,408$2,234$1,421$883$539$58
38 years$3,282$2,123$1,331$814$488$49
39 years$3,162$2,019$1,247$751$443$41
40 years$3,049$1,921$1,169$692$402$35
41 years$2,941$1,828$1,096$639$365$29
42 years$2,839$1,741$1,028$589$331$25
43 years$2,742$1,659$965$544$300$21
44 years$2,650$1,581$906$502$272$18
45 years$2,561$1,508$850$464$247$15
46 years$2,477$1,439$799$429$225$12
47 years$2,397$1,373$750$396$204$11
48 years$2,321$1,311$705$366$185$9
49 years$2,247$1,252$663$338$168$7
50 years$2,177$1,195$623$313$153$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,230,000, adding $3,640 every year, while hoping to spend $58,783 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: 46/31/23 Blend
65$2,230,000$2,230,000$2,230,000$2,230,000
66$2,461,215$2,343,025$2,308,460$2,558,037
67$2,649,714$2,395,288$2,323,248$2,678,731
68$2,855,470$2,448,143$2,336,562$2,803,523
69$3,080,181$2,501,554$2,348,290$2,937,732
70$3,325,716$2,555,487$2,358,315$3,082,266
71$3,594,133$2,609,901$2,366,513$3,238,127
72$3,887,699$2,664,750$2,372,755$3,406,417
73$4,208,908$2,719,986$2,376,906$3,588,354
74$4,560,507$2,775,556$2,378,822$3,785,279
75$4,945,521$2,831,401$2,378,356$3,998,670
76$5,367,282$2,887,457$2,375,348$4,230,159
77$5,829,458$2,943,655$2,369,635$4,481,544
78$6,336,089$2,999,921$2,361,045$4,754,808
79$6,891,625$3,056,172$2,349,395$5,052,138
80$7,500,968$3,112,322$2,334,496$5,375,943
81$8,169,515$3,168,274$2,316,151$5,728,883
82$8,903,213$3,223,926$2,294,149$6,113,889
83$9,708,610$3,279,169$2,268,272$6,534,193
84$10,592,922$3,333,882$2,238,293$6,993,361
85$11,564,096$3,387,938$2,203,972$7,495,322
86$12,630,887$3,441,200$2,165,058$8,044,410
87$13,802,939$3,493,520$2,121,289$8,645,404
88$15,090,877$3,544,740$2,072,390$9,303,574
89$16,506,405$3,594,691$2,018,074$10,024,730
90$18,062,420$3,643,193$1,958,041$10,815,279
91$19,773,127$3,690,050$1,891,976$11,682,285
92$21,654,179$3,735,055$1,819,550$12,633,537
93$23,722,821$3,777,989$1,740,421$13,677,623
94$25,998,052$3,818,613$1,654,228$14,824,013
95$28,500,804$3,856,676$1,560,595$16,083,147
96$31,254,142$3,891,909$1,459,131$17,466,536
97$34,283,478$3,924,026$1,349,425$18,986,871
98$37,616,810$3,952,721$1,231,049$20,658,146
99$41,284,990$3,977,669$1,103,554$22,495,786
100$45,322,008$3,998,524$966,472$24,516,799