Can I retire at age 66 with 2,250,000?

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 $2,250,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$185,803$184,148$182,533$180,957$179,418$173,259
2 years$91,982$90,269$88,608$86,999$85,437$79,295
3 years$60,712$58,991$57,335$55,741$54,205$48,272
4 years$45,080$43,365$41,726$40,158$38,659$32,981
5 years$35,704$33,999$32,381$30,845$29,388$23,980
6 years$29,455$27,762$26,168$24,667$23,254$18,120
7 years$24,993$23,315$21,746$20,280$18,912$14,051
8 years$21,648$19,985$18,442$17,013$15,689$11,098
9 years$19,048$17,401$15,884$14,491$13,212$8,885
10 years$16,969$15,338$13,848$12,491$11,258$7,187
11 years$15,269$13,654$12,192$10,871$9,682$5,860
12 years$13,853$12,255$10,820$9,536$8,390$4,808
13 years$12,657$11,075$9,667$8,418$7,316$3,964
14 years$11,632$10,067$8,686$7,473$6,414$3,282
15 years$10,744$9,197$7,842$6,665$5,647$2,726
16 years$9,968$8,438$7,110$5,967$4,991$2,270
17 years$9,285$7,771$6,470$5,362$4,425$1,895
18 years$8,677$7,181$5,906$4,832$3,935$1,585
19 years$8,135$6,655$5,407$4,366$3,507$1,327
20 years$7,647$6,184$4,962$3,954$3,133$1,113
21 years$7,206$5,760$4,564$3,589$2,803$934
22 years$6,806$5,377$4,207$3,263$2,513$784
23 years$6,441$5,029$3,884$2,972$2,256$659
24 years$6,108$4,712$3,592$2,710$2,027$555
25 years$5,801$4,422$3,327$2,475$1,824$467
26 years$5,518$4,156$3,086$2,263$1,643$393
27 years$5,257$3,911$2,865$2,072$1,482$331
28 years$5,015$3,685$2,664$1,898$1,337$279
29 years$4,790$3,477$2,479$1,741$1,207$235
30 years$4,580$3,283$2,309$1,597$1,091$198
31 years$4,384$3,104$2,152$1,467$986$167
32 years$4,201$2,937$2,008$1,348$892$141
33 years$4,029$2,781$1,875$1,240$807$119
34 years$3,868$2,636$1,752$1,141$731$100
35 years$3,716$2,500$1,638$1,050$662$85
36 years$3,574$2,373$1,532$967$600$71
37 years$3,439$2,254$1,434$891$544$60
38 years$3,311$2,142$1,343$821$493$51
39 years$3,190$2,037$1,258$757$447$43
40 years$3,076$1,938$1,179$699$405$36
41 years$2,968$1,845$1,106$644$368$30
42 years$2,865$1,757$1,037$595$334$26
43 years$2,767$1,674$973$549$303$22
44 years$2,673$1,596$914$507$275$18
45 years$2,584$1,522$858$468$250$15
46 years$2,500$1,451$806$432$227$13
47 years$2,419$1,385$757$400$206$11
48 years$2,341$1,322$711$369$187$9
49 years$2,268$1,263$669$341$170$8
50 years$2,197$1,206$629$315$154$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,250,000, adding $4,167 every year, while hoping to spend $56,858 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: 32/48/20 Blend
65$2,250,000$2,250,000$2,250,000$2,250,000
66$2,483,798$2,364,548$2,329,673$2,547,757
67$2,676,649$2,419,915$2,347,221$2,651,342
68$2,887,265$2,476,088$2,363,451$2,757,373
69$3,117,399$2,533,049$2,378,258$2,870,392
70$3,368,978$2,590,773$2,391,535$2,991,046
71$3,644,127$2,649,234$2,403,164$3,120,046
72$3,945,184$2,708,402$2,413,026$3,258,177
73$4,274,723$2,768,245$2,420,993$3,406,305
74$4,635,580$2,828,724$2,426,932$3,565,381
75$5,030,876$2,889,799$2,430,701$3,736,459
76$5,464,051$2,951,424$2,432,155$3,920,698
77$5,938,890$3,013,550$2,431,138$4,119,375
78$6,459,564$3,076,121$2,427,489$4,333,900
79$7,030,667$3,139,078$2,421,037$4,565,829
80$7,657,257$3,202,355$2,411,604$4,816,875
81$8,344,908$3,265,881$2,399,002$5,088,929
82$9,099,757$3,329,577$2,383,038$5,384,076
83$9,928,566$3,393,361$2,363,503$5,704,617
84$10,838,784$3,457,139$2,340,185$6,053,087
85$11,838,615$3,520,815$2,312,856$6,432,283
86$12,937,099$3,584,280$2,281,282$6,845,291
87$14,144,193$3,647,419$2,245,215$7,295,514
88$15,470,867$3,710,109$2,204,396$7,786,703
89$16,929,206$3,772,216$2,158,554$8,322,998
90$18,532,527$3,833,595$2,107,407$8,908,964
91$20,295,496$3,894,093$2,050,657$9,549,634
92$22,234,278$3,953,545$1,987,995$10,250,560
93$24,366,677$4,011,771$1,919,096$11,017,866
94$26,712,313$4,068,583$1,843,620$11,858,305
95$29,292,801$4,123,776$1,761,213$12,779,322
96$32,131,957$4,177,131$1,671,505$13,789,130
97$35,256,023$4,228,417$1,574,107$14,896,787
98$38,693,912$4,277,384$1,468,614$16,112,278
99$42,477,482$4,323,767$1,354,603$17,446,618
100$46,641,834$4,367,281$1,231,632$18,911,950