Can I retire at age 66 with 2,270,000?

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 $2,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$187,454$185,785$184,156$182,566$181,013$177,722
2 years$92,799$91,071$89,396$87,772$86,197$82,893
3 years$61,252$59,516$57,845$56,236$54,687$51,473
4 years$45,481$43,750$42,096$40,515$39,003$35,904
5 years$36,021$34,301$32,669$31,119$29,649$26,674
6 years$29,716$28,009$26,401$24,887$23,461$20,612
7 years$25,215$23,522$21,939$20,461$19,080$16,359
8 years$21,840$20,163$18,606$17,164$15,829$13,235
9 years$19,217$17,555$16,026$14,620$13,330$10,862
10 years$17,120$15,474$13,972$12,602$11,358$9,013
11 years$15,405$13,776$12,300$10,968$9,768$7,544
12 years$13,977$12,364$10,916$9,620$8,465$6,359
13 years$12,769$11,174$9,753$8,493$7,381$5,390
14 years$11,735$10,157$8,763$7,539$6,471$4,590
15 years$10,840$9,278$7,912$6,724$5,697$3,923
16 years$10,057$8,513$7,173$6,020$5,035$3,365
17 years$9,367$7,840$6,527$5,409$4,465$2,893
18 years$8,755$7,244$5,959$4,875$3,970$2,494
19 years$8,207$6,714$5,455$4,405$3,538$2,153
20 years$7,715$6,239$5,006$3,989$3,160$1,862
21 years$7,270$5,811$4,605$3,621$2,828$1,613
22 years$6,867$5,425$4,244$3,292$2,535$1,399
23 years$6,499$5,074$3,919$2,998$2,276$1,215
24 years$6,162$4,754$3,624$2,734$2,045$1,055
25 years$5,852$4,461$3,357$2,497$1,841$918
26 years$5,567$4,193$3,113$2,283$1,658$799
27 years$5,304$3,946$2,891$2,090$1,495$695
28 years$5,059$3,718$2,687$1,915$1,349$606
29 years$4,832$3,508$2,501$1,756$1,218$528
30 years$4,621$3,313$2,329$1,612$1,100$460
31 years$4,423$3,131$2,172$1,480$995$401
32 years$4,238$2,963$2,026$1,360$900$350
33 years$4,065$2,806$1,892$1,251$814$306
34 years$3,903$2,659$1,768$1,151$737$267
35 years$3,750$2,522$1,653$1,059$668$233
36 years$3,605$2,394$1,546$976$605$203
37 years$3,469$2,274$1,447$899$548$178
38 years$3,341$2,161$1,355$829$497$155
39 years$3,219$2,055$1,270$764$451$135
40 years$3,103$1,955$1,190$705$409$118
41 years$2,994$1,861$1,116$650$371$103
42 years$2,890$1,772$1,047$600$337$90
43 years$2,791$1,689$982$554$306$79
44 years$2,697$1,610$922$511$277$69
45 years$2,607$1,535$866$472$252$60
46 years$2,522$1,464$813$436$229$53
47 years$2,440$1,397$764$403$208$46
48 years$2,362$1,334$718$372$189$40
49 years$2,288$1,274$675$344$171$35
50 years$2,216$1,217$634$318$156$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,270,000, adding $6,708 every year, while hoping to spend $37,422 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: 65/17/18 Blend
65$2,270,000$2,270,000$2,270,000$2,270,000
66$2,508,459$2,388,149$2,352,964$2,659,852
67$2,724,505$2,465,352$2,391,972$2,839,400
68$2,961,334$2,545,083$2,431,032$3,030,626
69$3,221,025$2,627,428$2,470,107$3,238,701
70$3,505,871$2,712,472$2,509,156$3,465,274
71$3,818,394$2,800,308$2,548,137$3,712,160
72$4,161,375$2,891,027$2,587,004$3,981,360
73$4,537,875$2,984,728$2,625,709$4,275,075
74$4,951,267$3,081,508$2,664,199$4,595,729
75$5,405,267$3,181,473$2,702,421$4,945,992
76$5,903,967$3,284,728$2,740,315$5,328,804
77$6,451,877$3,391,385$2,777,821$5,747,403
78$7,053,964$3,501,558$2,814,873$6,205,355
79$7,715,699$3,615,365$2,851,402$6,706,589
80$8,443,111$3,732,929$2,887,335$7,255,431
81$9,242,843$3,854,377$2,922,595$7,856,647
82$10,122,211$3,979,839$2,957,099$8,515,487
83$11,089,277$4,109,452$2,990,763$9,237,734
84$12,152,924$4,243,356$3,023,494$10,029,759
85$13,322,937$4,381,696$3,055,197$10,898,579
86$14,610,101$4,524,623$3,085,770$11,851,926
87$16,026,294$4,672,292$3,115,106$12,898,319
88$17,584,606$4,824,865$3,143,092$14,047,141
89$19,299,461$4,982,508$3,169,611$15,308,731
90$21,186,750$5,145,395$3,194,536$16,694,481
91$23,263,982$5,313,703$3,217,737$18,216,939
92$25,550,452$5,487,618$3,239,075$19,889,935
93$28,067,419$5,667,332$3,258,405$21,728,702
94$30,838,307$5,853,042$3,275,573$23,750,027
95$33,888,927$6,044,955$3,290,418$25,972,406
96$37,247,723$6,243,283$3,302,771$28,416,218
97$40,946,032$6,448,245$3,312,456$31,103,918
98$45,018,389$6,660,070$3,319,285$34,060,249
99$49,502,845$6,878,995$3,323,062$37,312,473
100$54,441,333$7,105,263$3,323,582$40,890,632