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

Use the below retirement simulation to view the chances of a successful retirement.
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%18.1%
1 years$187,454$185,785$184,156$182,566$181,013$175,079
2 years$92,799$91,071$89,396$87,772$86,197$80,274
3 years$61,252$59,516$57,845$56,236$54,687$48,963
4 years$45,481$43,750$42,096$40,515$39,003$33,521
5 years$36,021$34,301$32,669$31,119$29,649$24,424
6 years$29,716$28,009$26,401$24,887$23,461$18,496
7 years$25,215$23,522$21,939$20,461$19,080$14,375
8 years$21,840$20,163$18,606$17,164$15,829$11,381
9 years$19,217$17,555$16,026$14,620$13,330$9,134
10 years$17,120$15,474$13,972$12,602$11,358$7,407
11 years$15,405$13,776$12,300$10,968$9,768$6,055
12 years$13,977$12,364$10,916$9,620$8,465$4,981
13 years$12,769$11,174$9,753$8,493$7,381$4,118
14 years$11,735$10,157$8,763$7,539$6,471$3,419
15 years$10,840$9,278$7,912$6,724$5,697$2,848
16 years$10,057$8,513$7,173$6,020$5,035$2,379
17 years$9,367$7,840$6,527$5,409$4,465$1,991
18 years$8,755$7,244$5,959$4,875$3,970$1,670
19 years$8,207$6,714$5,455$4,405$3,538$1,403
20 years$7,715$6,239$5,006$3,989$3,160$1,180
21 years$7,270$5,811$4,605$3,621$2,828$993
22 years$6,867$5,425$4,244$3,292$2,535$837
23 years$6,499$5,074$3,919$2,998$2,276$706
24 years$6,162$4,754$3,624$2,734$2,045$596
25 years$5,852$4,461$3,357$2,497$1,841$503
26 years$5,567$4,193$3,113$2,283$1,658$425
27 years$5,304$3,946$2,891$2,090$1,495$359
28 years$5,059$3,718$2,687$1,915$1,349$303
29 years$4,832$3,508$2,501$1,756$1,218$257
30 years$4,621$3,313$2,329$1,612$1,100$217
31 years$4,423$3,131$2,172$1,480$995$184
32 years$4,238$2,963$2,026$1,360$900$155
33 years$4,065$2,806$1,892$1,251$814$131
34 years$3,903$2,659$1,768$1,151$737$111
35 years$3,750$2,522$1,653$1,059$668$94
36 years$3,605$2,394$1,546$976$605$80
37 years$3,469$2,274$1,447$899$548$67
38 years$3,341$2,161$1,355$829$497$57
39 years$3,219$2,055$1,270$764$451$48
40 years$3,103$1,955$1,190$705$409$41
41 years$2,994$1,861$1,116$650$371$35
42 years$2,890$1,772$1,047$600$337$29
43 years$2,791$1,689$982$554$306$25
44 years$2,697$1,610$922$511$277$21
45 years$2,607$1,535$866$472$252$18
46 years$2,522$1,464$813$436$229$15
47 years$2,440$1,397$764$403$208$13
48 years$2,362$1,334$718$372$189$11
49 years$2,288$1,274$675$344$171$9
50 years$2,216$1,217$634$318$156$8

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 $3,308 every year, while hoping to spend $38,937 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: 45/35/20 Blend
65$2,270,000$2,270,000$2,270,000$2,270,000
66$2,504,952$2,384,642$2,349,457$2,603,122
67$2,719,029$2,460,061$2,386,735$2,747,806
68$2,953,636$2,537,870$2,423,957$2,900,500
69$3,210,827$2,618,146$2,461,080$3,065,281
70$3,492,863$2,700,967$2,498,058$3,243,291
71$3,802,235$2,786,414$2,534,842$3,435,783
72$4,141,685$2,874,570$2,571,382$3,644,139
73$4,514,235$2,965,522$2,607,621$3,869,876
74$4,923,213$3,059,359$2,643,503$4,114,667
75$5,372,285$3,156,173$2,678,965$4,380,351
76$5,865,491$3,256,058$2,713,943$4,668,950
77$6,407,278$3,359,112$2,748,367$4,982,695
78$7,002,548$3,465,436$2,782,165$5,324,036
79$7,656,700$3,575,134$2,815,259$5,695,675
80$8,375,682$3,688,314$2,847,569$6,100,583
81$9,166,047$3,805,087$2,879,009$6,542,033
82$10,035,015$3,925,568$2,909,486$7,023,628
83$10,990,540$4,049,874$2,938,907$7,549,338
84$12,041,384$4,178,127$2,967,170$8,123,532
85$13,197,204$4,310,454$2,994,169$8,751,021
86$14,468,637$4,446,984$3,019,792$9,437,107
87$15,867,403$4,587,852$3,043,920$10,187,626
88$17,406,417$4,733,195$3,066,430$11,009,009
89$19,099,908$4,883,158$3,087,191$11,908,335
90$20,963,552$5,037,886$3,106,066$12,893,407
91$23,014,625$5,197,533$3,122,910$13,972,816
92$25,272,161$5,362,256$3,137,571$15,156,027
93$27,757,131$5,532,217$3,149,890$16,453,469
94$30,492,646$5,707,583$3,159,699$17,876,628
95$33,504,168$5,888,526$3,166,821$19,438,157
96$36,819,755$6,075,226$3,171,071$21,152,000
97$40,470,325$6,267,867$3,172,257$23,033,514
98$44,489,943$6,466,638$3,170,173$25,099,621
99$48,916,150$6,671,735$3,164,606$27,368,966
100$53,790,309$6,883,362$3,155,332$29,862,089