Can I retire at age 66 with 2,260,000?

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 $2,260,000?

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$186,629$184,966$183,344$181,761$180,216$174,029
2 years$92,390$90,670$89,002$87,385$85,817$79,647
3 years$60,982$59,254$57,590$55,989$54,446$48,487
4 years$45,281$43,558$41,911$40,337$38,831$33,128
5 years$35,862$34,150$32,525$30,982$29,519$24,087
6 years$29,585$27,886$26,285$24,777$23,357$18,201
7 years$25,104$23,419$21,843$20,370$18,996$14,114
8 years$21,744$20,074$18,524$17,088$15,759$11,147
9 years$19,132$17,478$15,955$14,555$13,271$8,925
10 years$17,044$15,406$13,910$12,547$11,308$7,219
11 years$15,337$13,715$12,246$10,920$9,725$5,886
12 years$13,915$12,310$10,868$9,578$8,427$4,829
13 years$12,713$11,125$9,710$8,456$7,349$3,982
14 years$11,683$10,112$8,724$7,506$6,442$3,297
15 years$10,792$9,237$7,877$6,694$5,672$2,738
16 years$10,013$8,475$7,142$5,994$5,013$2,280
17 years$9,326$7,805$6,499$5,385$4,445$1,903
18 years$8,716$7,212$5,932$4,853$3,952$1,592
19 years$8,171$6,684$5,431$4,385$3,523$1,333
20 years$7,681$6,211$4,984$3,972$3,146$1,117
21 years$7,238$5,786$4,584$3,605$2,816$938
22 years$6,836$5,401$4,225$3,278$2,524$788
23 years$6,470$5,051$3,901$2,985$2,266$662
24 years$6,135$4,733$3,608$2,722$2,036$557
25 years$5,827$4,441$3,342$2,486$1,832$469
26 years$5,543$4,174$3,099$2,273$1,651$395
27 years$5,280$3,928$2,878$2,081$1,488$333
28 years$5,037$3,702$2,675$1,906$1,343$280
29 years$4,811$3,492$2,490$1,748$1,213$236
30 years$4,600$3,298$2,319$1,604$1,096$199
31 years$4,404$3,118$2,162$1,474$991$168
32 years$4,220$2,950$2,017$1,354$896$141
33 years$4,047$2,794$1,883$1,245$811$119
34 years$3,885$2,648$1,760$1,146$734$101
35 years$3,733$2,511$1,645$1,055$665$85
36 years$3,589$2,384$1,539$971$602$72
37 years$3,454$2,264$1,441$895$546$60
38 years$3,326$2,152$1,349$825$495$51
39 years$3,205$2,046$1,264$761$449$43
40 years$3,090$1,946$1,185$702$407$36
41 years$2,981$1,853$1,111$647$369$31
42 years$2,877$1,765$1,042$597$335$26
43 years$2,779$1,681$978$551$304$22
44 years$2,685$1,603$918$509$276$18
45 years$2,596$1,528$862$470$251$16
46 years$2,511$1,458$809$434$228$13
47 years$2,430$1,391$760$401$207$11
48 years$2,352$1,328$715$371$188$9
49 years$2,278$1,268$672$343$170$8
50 years$2,207$1,212$631$317$155$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,260,000, adding $3,514 every year, while hoping to spend $36,257 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: 74/12/14 Blend
65$2,260,000$2,260,000$2,260,000$2,260,000
66$2,494,145$2,374,365$2,339,335$2,670,977
67$2,709,970$2,452,131$2,379,125$2,866,156
68$2,946,595$2,532,493$2,419,034$3,075,114
69$3,206,102$2,615,540$2,459,025$3,303,084
70$3,490,785$2,701,363$2,499,064$3,551,946
71$3,803,173$2,790,057$2,539,110$3,823,766
72$4,146,049$2,881,722$2,579,122$4,120,820
73$4,522,479$2,976,459$2,619,056$4,445,617
74$4,935,840$3,074,374$2,658,863$4,800,917
75$5,389,856$3,175,578$2,698,495$5,189,761
76$5,888,623$3,280,183$2,737,896$5,615,498
77$6,436,658$3,388,308$2,777,011$6,081,818
78$7,038,935$3,500,074$2,815,780$6,592,785
79$7,700,936$3,615,606$2,854,137$7,152,873
80$8,428,698$3,735,037$2,892,017$7,767,015
81$9,228,872$3,858,502$2,929,347$8,440,641
82$10,108,789$3,986,140$2,966,052$9,179,735
83$11,076,522$4,118,097$3,002,052$9,990,888
84$12,140,968$4,254,525$3,037,261$10,881,362
85$13,311,929$4,395,579$3,071,591$11,859,157
86$14,600,204$4,541,420$3,104,948$12,933,087
87$16,017,692$4,692,217$3,137,231$14,112,863
88$17,577,505$4,848,144$3,168,336$15,409,182
89$19,294,088$5,009,381$3,198,153$16,833,832
90$21,183,358$5,176,113$3,226,564$18,399,800
91$23,262,854$5,348,536$3,253,448$20,121,395
92$25,551,900$5,526,850$3,278,673$22,014,383
93$28,071,791$5,711,262$3,302,106$24,096,134
94$30,845,988$5,901,989$3,323,601$26,385,790
95$33,900,347$6,099,254$3,343,009$28,904,440
96$37,263,354$6,303,289$3,360,172$31,675,321
97$40,966,401$6,514,335$3,374,922$34,724,039
98$45,044,077$6,732,641$3,387,085$38,078,808
99$49,534,498$6,958,465$3,396,478$41,770,716
100$54,479,663$7,192,077$3,402,907$45,834,019