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%16.6%
1 years$184,151$182,511$180,911$179,349$177,823$173,033
2 years$91,164$89,466$87,821$86,225$84,678$79,886
3 years$60,172$58,467$56,826$55,245$53,723$49,080
4 years$44,679$42,980$41,355$39,801$38,316$33,856
5 years$35,386$33,696$32,093$30,571$29,127$24,864
6 years$29,193$27,516$25,936$24,448$23,047$18,985
7 years$24,771$23,108$21,553$20,100$18,744$14,882
8 years$21,455$19,808$18,278$16,861$15,550$11,886
9 years$18,878$17,246$15,743$14,362$13,095$9,627
10 years$16,818$15,202$13,725$12,380$11,158$7,880
11 years$15,133$13,533$12,084$10,775$9,596$6,504
12 years$13,730$12,147$10,724$9,451$8,316$5,404
13 years$12,544$10,977$9,581$8,344$7,251$4,514
14 years$11,528$9,978$8,609$7,407$6,357$3,786
15 years$10,649$9,115$7,772$6,605$5,597$3,188
16 years$9,880$8,363$7,047$5,914$4,946$2,691
17 years$9,202$7,702$6,412$5,314$4,386$2,278
18 years$8,600$7,117$5,854$4,789$3,900$1,932
19 years$8,062$6,596$5,359$4,327$3,476$1,641
20 years$7,579$6,129$4,918$3,919$3,105$1,396
21 years$7,142$5,709$4,524$3,557$2,778$1,189
22 years$6,746$5,329$4,169$3,234$2,490$1,014
23 years$6,384$4,984$3,850$2,945$2,236$865
24 years$6,053$4,670$3,560$2,686$2,009$739
25 years$5,749$4,382$3,297$2,453$1,808$631
26 years$5,469$4,119$3,058$2,243$1,629$540
27 years$5,210$3,876$2,840$2,053$1,468$462
28 years$4,970$3,653$2,640$1,881$1,325$395
29 years$4,747$3,446$2,457$1,725$1,196$338
30 years$4,539$3,254$2,288$1,583$1,081$289
31 years$4,345$3,076$2,133$1,454$977$248
32 years$4,164$2,911$1,990$1,336$884$212
33 years$3,994$2,757$1,858$1,229$800$182
34 years$3,834$2,613$1,736$1,131$724$156
35 years$3,683$2,478$1,623$1,041$656$134
36 years$3,542$2,352$1,519$959$594$115
37 years$3,408$2,234$1,421$883$539$98
38 years$3,282$2,123$1,331$814$488$84
39 years$3,162$2,019$1,247$751$443$72
40 years$3,049$1,921$1,169$692$402$62
41 years$2,941$1,828$1,096$639$365$53
42 years$2,839$1,741$1,028$589$331$45
43 years$2,742$1,659$965$544$300$39
44 years$2,650$1,581$906$502$272$33
45 years$2,561$1,508$850$464$247$29
46 years$2,477$1,439$799$429$225$25
47 years$2,397$1,373$750$396$204$21
48 years$2,321$1,311$705$366$185$18
49 years$2,247$1,252$663$338$168$15
50 years$2,177$1,195$623$313$153$13

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 $2,337 every year, while hoping to spend $27,654 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: 60/21/19 Blend
65$2,230,000$2,230,000$2,230,000$2,230,000
66$2,459,871$2,341,681$2,307,116$2,595,164
67$2,681,354$2,426,999$2,354,980$2,772,281
68$2,924,501$2,515,572$2,403,522$2,962,166
69$3,191,494$2,607,528$2,452,733$3,168,697
70$3,484,734$2,703,005$2,502,607$3,393,489
71$3,806,867$2,802,142$2,553,134$3,638,324
72$4,160,808$2,905,088$2,604,305$3,905,157
73$4,549,769$3,011,995$2,656,108$4,196,146
74$4,977,287$3,123,025$2,708,530$4,513,660
75$5,447,261$3,238,344$2,761,556$4,860,313
76$5,963,985$3,358,126$2,815,171$5,238,977
77$6,532,188$3,482,551$2,869,357$5,652,819
78$7,157,085$3,611,810$2,924,094$6,105,322
79$7,844,418$3,746,098$2,979,361$6,600,323
80$8,600,513$3,885,622$3,035,134$7,142,046
81$9,432,344$4,030,596$3,091,389$7,735,143
82$10,347,590$4,181,242$3,148,098$8,384,737
83$11,354,716$4,337,795$3,205,231$9,096,469
84$12,463,046$4,500,496$3,262,755$9,876,552
85$13,682,855$4,669,599$3,320,636$10,731,830
86$15,025,466$4,845,368$3,378,837$11,669,839
87$16,503,351$5,028,079$3,437,316$12,698,880
88$18,130,258$5,218,020$3,496,031$13,828,096
89$19,921,331$5,415,490$3,554,935$15,067,559
90$21,893,260$5,620,802$3,613,978$16,428,364
91$24,064,435$5,834,284$3,673,109$17,922,731
92$26,455,118$6,056,274$3,732,269$19,564,122
93$29,087,638$6,287,130$3,791,398$21,367,367
94$31,986,600$6,527,222$3,850,432$23,348,804
95$35,179,114$6,776,937$3,909,303$25,526,431
96$38,695,056$7,036,679$3,967,937$27,920,076
97$42,567,346$7,306,870$4,026,257$30,551,584
98$46,832,259$7,587,951$4,084,180$33,445,021
99$51,529,770$7,880,380$4,141,620$36,626,902
100$56,703,926$8,184,639$4,198,484$40,126,440