Can I retire at age 66 with 2,290,000?

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 $2,290,000?

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$189,106$187,422$185,778$184,174$182,608$179,288
2 years$93,617$91,873$90,184$88,545$86,956$83,623
3 years$61,791$60,040$58,355$56,732$55,169$51,926
4 years$45,882$44,136$42,467$40,872$39,347$36,220
5 years$36,338$34,603$32,956$31,394$29,911$26,909
6 years$29,978$28,256$26,634$25,106$23,667$20,794
7 years$25,437$23,729$22,133$20,641$19,248$16,503
8 years$22,033$20,340$18,770$17,315$15,968$13,352
9 years$19,386$17,710$16,167$14,749$13,447$10,958
10 years$17,270$15,611$14,095$12,713$11,458$9,093
11 years$15,540$13,897$12,409$11,065$9,854$7,611
12 years$14,100$12,473$11,012$9,705$8,539$6,415
13 years$12,882$11,272$9,839$8,568$7,446$5,437
14 years$11,838$10,246$8,840$7,606$6,528$4,630
15 years$10,935$9,360$7,982$6,783$5,747$3,958
16 years$10,146$8,588$7,236$6,073$5,080$3,394
17 years$9,450$7,909$6,585$5,457$4,504$2,919
18 years$8,832$7,308$6,011$4,918$4,005$2,515
19 years$8,279$6,773$5,503$4,444$3,569$2,172
20 years$7,783$6,294$5,050$4,025$3,188$1,879
21 years$7,334$5,863$4,645$3,653$2,853$1,627
22 years$6,927$5,472$4,281$3,321$2,557$1,411
23 years$6,556$5,118$3,953$3,025$2,296$1,225
24 years$6,216$4,796$3,656$2,759$2,063$1,065
25 years$5,904$4,500$3,386$2,519$1,857$926
26 years$5,616$4,230$3,140$2,303$1,673$806
27 years$5,350$3,981$2,916$2,108$1,508$702
28 years$5,104$3,751$2,711$1,932$1,361$611
29 years$4,875$3,539$2,523$1,771$1,229$533
30 years$4,661$3,342$2,350$1,626$1,110$464
31 years$4,462$3,159$2,191$1,493$1,004$405
32 years$4,276$2,989$2,044$1,372$908$353
33 years$4,101$2,831$1,908$1,262$822$308
34 years$3,937$2,683$1,783$1,161$744$269
35 years$3,783$2,545$1,667$1,069$674$235
36 years$3,637$2,415$1,560$984$610$205
37 years$3,500$2,294$1,460$907$553$179
38 years$3,370$2,180$1,367$836$502$156
39 years$3,247$2,073$1,281$771$455$137
40 years$3,131$1,972$1,200$711$413$119
41 years$3,020$1,877$1,126$656$374$104
42 years$2,916$1,788$1,056$605$340$91
43 years$2,816$1,704$991$559$308$80
44 years$2,721$1,624$930$516$280$70
45 years$2,630$1,549$873$477$254$61
46 years$2,544$1,477$820$440$231$53
47 years$2,462$1,410$771$407$209$46
48 years$2,383$1,346$724$376$190$41
49 years$2,308$1,285$681$347$173$35
50 years$2,236$1,228$640$321$157$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,290,000, adding $5,569 every year, while hoping to spend $59,888 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: 41/39/20 Blend
65$2,290,000$2,290,000$2,290,000$2,290,000
66$2,529,324$2,407,954$2,372,459$2,617,916
67$2,723,595$2,462,224$2,388,216$2,735,849
68$2,935,674$2,517,145$2,402,494$2,857,226
69$3,167,315$2,572,687$2,415,180$2,987,371
70$3,420,448$2,628,815$2,426,155$3,127,117
71$3,697,197$2,685,491$2,435,294$3,277,383
72$3,999,902$2,742,671$2,442,468$3,439,180
73$4,331,139$2,800,309$2,447,538$3,613,627
74$4,693,745$2,858,354$2,450,360$3,801,953
75$5,090,843$2,916,749$2,450,783$4,005,516
76$5,525,872$2,975,433$2,448,647$4,225,811
77$6,002,621$3,034,339$2,443,787$4,464,490
78$6,525,261$3,093,395$2,436,026$4,723,370
79$7,098,387$3,152,520$2,425,183$5,004,459
80$7,727,060$3,211,631$2,411,064$5,309,967
81$8,416,854$3,270,635$2,393,468$5,642,334
82$9,173,908$3,329,431$2,372,184$6,004,251
83$10,004,985$3,387,911$2,346,991$6,398,682
84$10,917,535$3,445,961$2,317,657$6,828,899
85$11,919,765$3,503,454$2,283,940$7,298,508
86$13,020,714$3,560,257$2,245,585$7,811,487
87$14,230,342$3,616,225$2,202,327$8,372,221
88$15,559,620$3,671,203$2,153,888$8,985,548
89$17,020,634$3,725,025$2,099,976$9,656,799
90$18,626,701$3,777,513$2,040,287$10,391,856
91$20,392,490$3,828,476$1,974,503$11,197,204
92$22,334,165$3,877,712$1,902,289$12,079,994
93$24,469,532$3,925,002$1,823,298$13,048,109
94$26,818,210$3,970,114$1,737,165$14,110,245
95$29,401,817$4,012,799$1,643,509$15,275,988
96$32,244,169$4,052,792$1,541,933$16,555,909
97$35,371,506$4,089,811$1,432,020$17,961,662
98$38,812,742$4,123,554$1,313,335$19,506,098
99$42,599,735$4,153,701$1,185,424$21,203,386
100$46,767,586$4,179,911$1,047,814$23,069,149