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

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 $2,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$188,280$186,603$184,967$183,370$181,810$179,316
2 years$93,208$91,472$89,790$88,159$86,576$84,067
3 years$61,521$59,778$58,100$56,484$54,928$52,482
4 years$45,681$43,943$42,282$40,694$39,175$36,812
5 years$36,180$34,452$32,812$31,257$29,780$27,507
6 years$29,847$28,133$26,517$24,996$23,564$21,383
7 years$25,326$23,626$22,036$20,551$19,164$17,076
8 years$21,936$20,252$18,688$17,239$15,898$13,903
9 years$19,302$17,633$16,096$14,684$13,389$11,485
10 years$17,195$15,542$14,033$12,658$11,408$9,594
11 years$15,472$13,836$12,354$11,016$9,811$8,086
12 years$14,038$12,419$10,964$9,663$8,502$6,864
13 years$12,825$11,223$9,796$8,531$7,414$5,860
14 years$11,787$10,201$8,802$7,573$6,499$5,027
15 years$10,887$9,319$7,947$6,753$5,722$4,330
16 years$10,101$8,550$7,205$6,047$5,057$3,742
17 years$9,408$7,874$6,556$5,433$4,484$3,243
18 years$8,793$7,276$5,985$4,896$3,987$2,817
19 years$8,243$6,744$5,479$4,424$3,554$2,453
20 years$7,749$6,266$5,028$4,007$3,174$2,139
21 years$7,302$5,837$4,625$3,637$2,841$1,868
22 years$6,897$5,449$4,263$3,307$2,546$1,634
23 years$6,527$5,096$3,936$3,011$2,286$1,430
24 years$6,189$4,775$3,640$2,747$2,054$1,254
25 years$5,878$4,481$3,371$2,508$1,849$1,100
26 years$5,592$4,211$3,127$2,293$1,665$965
27 years$5,327$3,963$2,903$2,099$1,501$848
28 years$5,082$3,734$2,699$1,923$1,355$745
29 years$4,854$3,523$2,512$1,764$1,223$656
30 years$4,641$3,327$2,340$1,619$1,105$577
31 years$4,443$3,145$2,181$1,487$999$508
32 years$4,257$2,976$2,035$1,366$904$447
33 years$4,083$2,818$1,900$1,256$818$394
34 years$3,920$2,671$1,775$1,156$741$347
35 years$3,766$2,534$1,660$1,064$671$305
36 years$3,621$2,405$1,553$980$608$269
37 years$3,484$2,284$1,453$903$551$237
38 years$3,355$2,171$1,361$832$499$209
39 years$3,233$2,064$1,275$767$453$184
40 years$3,117$1,964$1,195$708$411$163
41 years$3,007$1,869$1,121$653$373$143
42 years$2,903$1,780$1,051$603$338$127
43 years$2,803$1,696$986$556$307$112
44 years$2,709$1,617$926$514$279$98
45 years$2,619$1,542$869$474$253$87
46 years$2,533$1,471$817$438$230$77
47 years$2,451$1,404$767$405$209$68
48 years$2,373$1,340$721$374$189$60
49 years$2,298$1,280$678$346$172$53
50 years$2,226$1,222$637$320$156$46

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 $5,456 every year, while hoping to spend $22,476 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: 60/31/9 Blend
65$2,280,000$2,280,000$2,280,000$2,280,000
66$2,518,188$2,397,348$2,362,008$2,663,875
67$2,751,129$2,490,904$2,417,221$2,855,800
68$3,007,076$2,588,290$2,473,530$3,061,999
69$3,288,353$2,689,672$2,530,949$3,286,350
70$3,597,519$2,795,220$2,589,489$3,530,603
71$3,937,393$2,905,113$2,649,164$3,796,680
72$4,311,082$3,019,537$2,709,986$4,086,698
73$4,722,007$3,138,689$2,771,965$4,402,983
74$5,173,939$3,262,773$2,835,113$4,748,097
75$5,671,032$3,392,000$2,899,441$5,124,856
76$6,217,863$3,526,594$2,964,958$5,536,360
77$6,819,475$3,666,787$3,031,674$5,986,020
78$7,481,425$3,812,822$3,099,598$6,477,590
79$8,209,833$3,964,954$3,168,738$7,015,200
80$9,011,447$4,123,447$3,239,101$7,603,399
81$9,893,697$4,288,579$3,310,694$8,247,191
82$10,864,774$4,460,639$3,383,522$8,952,086
83$11,933,702$4,639,931$3,457,591$9,724,150
84$13,110,423$4,826,771$3,532,903$10,570,059
85$14,405,893$5,021,490$3,609,462$11,497,167
86$15,832,185$5,224,433$3,687,270$12,513,568
87$17,402,600$5,435,963$3,766,326$13,628,176
88$19,131,797$5,656,457$3,846,630$14,850,804
89$21,035,927$5,886,310$3,928,179$16,192,261
90$23,132,789$6,125,936$4,010,970$17,664,449
91$25,441,992$6,375,766$4,094,996$19,280,474
92$27,985,149$6,636,253$4,180,252$21,054,773
93$30,786,072$6,907,867$4,266,729$23,003,243
94$33,871,002$7,191,103$4,354,415$25,143,394
95$37,268,855$7,486,477$4,443,298$27,494,513
96$41,011,493$7,794,530$4,533,364$30,077,841
97$45,134,029$8,115,825$4,624,595$32,916,777
98$49,675,153$8,450,954$4,716,972$36,037,093
99$54,677,502$8,800,534$4,810,474$39,467,179
100$60,188,058$9,165,211$4,905,076$43,238,309