Can I retire at age 66 with 2,280,000?

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 $2,280,000?

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$188,280$186,603$184,967$183,370$181,810$178,872
2 years$93,208$91,472$89,790$88,159$86,576$83,624
3 years$61,521$59,778$58,100$56,484$54,928$52,053
4 years$45,681$43,943$42,282$40,694$39,175$36,401
5 years$36,180$34,452$32,812$31,257$29,780$27,114
6 years$29,847$28,133$26,517$24,996$23,564$21,009
7 years$25,326$23,626$22,036$20,551$19,164$16,721
8 years$21,936$20,252$18,688$17,239$15,898$13,567
9 years$19,302$17,633$16,096$14,684$13,389$11,168
10 years$17,195$15,542$14,033$12,658$11,408$9,295
11 years$15,472$13,836$12,354$11,016$9,811$7,805
12 years$14,038$12,419$10,964$9,663$8,502$6,600
13 years$12,825$11,223$9,796$8,531$7,414$5,612
14 years$11,787$10,201$8,802$7,573$6,499$4,795
15 years$10,887$9,319$7,947$6,753$5,722$4,113
16 years$10,101$8,550$7,205$6,047$5,057$3,540
17 years$9,408$7,874$6,556$5,433$4,484$3,055
18 years$8,793$7,276$5,985$4,896$3,987$2,642
19 years$8,243$6,744$5,479$4,424$3,554$2,290
20 years$7,749$6,266$5,028$4,007$3,174$1,988
21 years$7,302$5,837$4,625$3,637$2,841$1,729
22 years$6,897$5,449$4,263$3,307$2,546$1,505
23 years$6,527$5,096$3,936$3,011$2,286$1,312
24 years$6,189$4,775$3,640$2,747$2,054$1,144
25 years$5,878$4,481$3,371$2,508$1,849$999
26 years$5,592$4,211$3,127$2,293$1,665$873
27 years$5,327$3,963$2,903$2,099$1,501$763
28 years$5,082$3,734$2,699$1,923$1,355$667
29 years$4,854$3,523$2,512$1,764$1,223$584
30 years$4,641$3,327$2,340$1,619$1,105$511
31 years$4,443$3,145$2,181$1,487$999$448
32 years$4,257$2,976$2,035$1,366$904$392
33 years$4,083$2,818$1,900$1,256$818$344
34 years$3,920$2,671$1,775$1,156$741$301
35 years$3,766$2,534$1,660$1,064$671$264
36 years$3,621$2,405$1,553$980$608$232
37 years$3,484$2,284$1,453$903$551$203
38 years$3,355$2,171$1,361$832$499$178
39 years$3,233$2,064$1,275$767$453$156
40 years$3,117$1,964$1,195$708$411$137
41 years$3,007$1,869$1,121$653$373$120
42 years$2,903$1,780$1,051$603$338$106
43 years$2,803$1,696$986$556$307$93
44 years$2,709$1,617$926$514$279$81
45 years$2,619$1,542$869$474$253$71
46 years$2,533$1,471$817$438$230$63
47 years$2,451$1,404$767$405$209$55
48 years$2,373$1,340$721$374$189$48
49 years$2,298$1,280$678$346$172$42
50 years$2,226$1,222$637$320$156$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,280,000, adding $5,387 every year, while hoping to spend $31,930 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: 39/47/14 Blend
65$2,280,000$2,280,000$2,280,000$2,280,000
66$2,518,117$2,397,277$2,361,937$2,605,539
67$2,740,991$2,480,770$2,407,088$2,751,692
68$2,985,529$2,567,284$2,452,682$2,906,113
69$3,253,906$2,656,934$2,498,700$3,072,389
70$3,548,518$2,749,838$2,545,120$3,251,605
71$3,872,007$2,846,119$2,591,921$3,444,954
72$4,227,279$2,945,907$2,639,079$3,653,747
73$4,617,540$3,049,335$2,686,566$3,879,422
74$5,046,319$3,156,542$2,734,356$4,123,560
75$5,517,503$3,267,672$2,782,416$4,387,899
76$6,035,376$3,382,876$2,830,716$4,674,351
77$6,604,658$3,502,311$2,879,218$4,985,015
78$7,230,547$3,626,138$2,927,886$5,322,201
79$7,918,772$3,754,528$2,976,679$5,688,448
80$8,675,643$3,887,656$3,025,554$6,086,548
81$9,508,113$4,025,706$3,074,465$6,519,575
82$10,423,844$4,168,868$3,123,362$6,990,907
83$11,431,274$4,317,341$3,172,193$7,504,263
84$12,539,705$4,471,332$3,220,903$8,063,733
85$13,759,383$4,631,055$3,269,431$8,673,818
86$15,101,597$4,796,734$3,317,714$9,339,472
87$16,578,789$4,968,602$3,365,686$10,066,147
88$18,204,664$5,146,902$3,413,275$10,859,843
89$19,994,325$5,331,886$3,460,405$11,727,164
90$21,964,415$5,523,817$3,506,998$12,675,381
91$24,133,270$5,722,969$3,552,967$13,712,498
92$26,521,096$5,929,627$3,598,223$14,847,327
93$29,150,156$6,144,087$3,642,672$16,089,567
94$32,044,983$6,366,658$3,686,213$17,449,902
95$35,232,610$6,597,663$3,728,740$18,940,093
96$38,742,825$6,837,438$3,770,141$20,573,092
97$42,608,451$7,086,330$3,810,299$22,363,160
98$46,865,658$7,344,705$3,849,089$24,326,005
99$51,554,301$7,612,941$3,886,379$26,478,923
100$56,718,298$7,891,434$3,922,031$28,840,964