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%13.9%
1 years$186,629$184,966$183,344$181,761$180,216$177,303
2 years$92,390$90,670$89,002$87,385$85,817$82,891
3 years$60,982$59,254$57,590$55,989$54,446$51,597
4 years$45,281$43,558$41,911$40,337$38,831$36,081
5 years$35,862$34,150$32,525$30,982$29,519$26,876
6 years$29,585$27,886$26,285$24,777$23,357$20,825
7 years$25,104$23,419$21,843$20,370$18,996$16,574
8 years$21,744$20,074$18,524$17,088$15,759$13,448
9 years$19,132$17,478$15,955$14,555$13,271$11,070
10 years$17,044$15,406$13,910$12,547$11,308$9,214
11 years$15,337$13,715$12,246$10,920$9,725$7,736
12 years$13,915$12,310$10,868$9,578$8,427$6,542
13 years$12,713$11,125$9,710$8,456$7,349$5,563
14 years$11,683$10,112$8,724$7,506$6,442$4,753
15 years$10,792$9,237$7,877$6,694$5,672$4,077
16 years$10,013$8,475$7,142$5,994$5,013$3,509
17 years$9,326$7,805$6,499$5,385$4,445$3,028
18 years$8,716$7,212$5,932$4,853$3,952$2,619
19 years$8,171$6,684$5,431$4,385$3,523$2,270
20 years$7,681$6,211$4,984$3,972$3,146$1,971
21 years$7,238$5,786$4,584$3,605$2,816$1,714
22 years$6,836$5,401$4,225$3,278$2,524$1,492
23 years$6,470$5,051$3,901$2,985$2,266$1,300
24 years$6,135$4,733$3,608$2,722$2,036$1,134
25 years$5,827$4,441$3,342$2,486$1,832$990
26 years$5,543$4,174$3,099$2,273$1,651$865
27 years$5,280$3,928$2,878$2,081$1,488$756
28 years$5,037$3,702$2,675$1,906$1,343$662
29 years$4,811$3,492$2,490$1,748$1,213$579
30 years$4,600$3,298$2,319$1,604$1,096$507
31 years$4,404$3,118$2,162$1,474$991$444
32 years$4,220$2,950$2,017$1,354$896$389
33 years$4,047$2,794$1,883$1,245$811$341
34 years$3,885$2,648$1,760$1,146$734$299
35 years$3,733$2,511$1,645$1,055$665$262
36 years$3,589$2,384$1,539$971$602$230
37 years$3,454$2,264$1,441$895$546$201
38 years$3,326$2,152$1,349$825$495$177
39 years$3,205$2,046$1,264$761$449$155
40 years$3,090$1,946$1,185$702$407$136
41 years$2,981$1,853$1,111$647$369$119
42 years$2,877$1,765$1,042$597$335$105
43 years$2,779$1,681$978$551$304$92
44 years$2,685$1,603$918$509$276$81
45 years$2,596$1,528$862$470$251$71
46 years$2,511$1,458$809$434$228$62
47 years$2,430$1,391$760$401$207$54
48 years$2,352$1,328$715$371$188$48
49 years$2,278$1,268$672$343$170$42
50 years$2,207$1,212$631$317$155$37

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 $6,779 every year, while hoping to spend $56,740 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: 36/48/16 Blend
65$2,260,000$2,260,000$2,260,000$2,260,000
66$2,497,513$2,377,733$2,342,703$2,574,980
67$2,691,888$2,433,871$2,360,812$2,687,772
68$2,904,188$2,490,858$2,377,627$2,803,595
69$3,136,181$2,548,675$2,393,043$2,927,422
70$3,389,814$2,607,303$2,406,952$3,059,996
71$3,667,230$2,666,716$2,419,241$3,202,137
72$3,970,790$2,726,888$2,429,788$3,354,749
73$4,303,092$2,787,787$2,438,467$3,518,825
74$4,666,999$2,849,380$2,445,147$3,695,462
75$5,065,661$2,911,628$2,449,688$3,885,868
76$5,502,550$2,974,489$2,451,944$4,091,375
77$5,981,487$3,037,916$2,451,761$4,313,450
78$6,506,683$3,101,858$2,448,979$4,553,712
79$7,082,774$3,166,258$2,443,429$4,813,943
80$7,714,867$3,231,055$2,434,934$5,096,110
81$8,408,587$3,296,180$2,423,308$5,402,379
82$9,170,131$3,361,561$2,408,358$5,735,140
83$10,006,325$3,427,118$2,389,878$6,097,027
84$10,924,687$3,492,764$2,367,655$6,490,943
85$11,933,500$3,558,404$2,341,467$6,920,092
86$13,041,888$3,623,937$2,311,077$7,388,001
87$14,259,904$3,689,253$2,276,241$7,898,565
88$15,598,621$3,754,234$2,236,703$8,456,074
89$17,070,240$3,818,751$2,192,192$9,065,259
90$18,688,202$3,882,667$2,142,428$9,731,338
91$20,467,315$3,945,834$2,087,115$10,460,062
92$22,423,894$4,008,093$2,025,947$11,257,772
93$24,575,916$4,069,274$1,958,600$12,131,462
94$26,943,184$4,129,193$1,884,738$13,088,841
95$29,547,520$4,187,655$1,804,008$14,138,409
96$32,412,966$4,244,449$1,716,042$15,289,537
97$35,566,014$4,299,352$1,620,454$16,552,559
98$39,035,850$4,352,124$1,516,842$17,938,867
99$42,854,636$4,402,507$1,404,786$19,461,021
100$47,057,808$4,450,228$1,283,845$21,132,870