Can I retire at age 66 with 2,310,000?

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 $2,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$190,758$189,058$187,401$185,783$184,203$179,168
2 years$94,434$92,676$90,971$89,319$87,716$82,680
3 years$62,331$60,565$58,864$57,227$55,650$50,772
4 years$46,282$44,521$42,838$41,229$39,690$35,006
5 years$36,656$34,905$33,244$31,668$30,172$25,695
6 years$30,240$28,503$26,866$25,325$23,874$19,608
7 years$25,659$23,937$22,326$20,821$19,416$15,362
8 years$22,225$20,518$18,934$17,466$16,107$12,262
9 years$19,556$17,865$16,308$14,877$13,565$9,926
10 years$17,421$15,747$14,218$12,824$11,558$8,120
11 years$15,676$14,019$12,517$11,161$9,940$6,698
12 years$14,223$12,582$11,109$9,790$8,614$5,561
13 years$12,994$11,371$9,925$8,643$7,512$4,642
14 years$11,942$10,336$8,917$7,672$6,585$3,891
15 years$11,031$9,442$8,051$6,842$5,798$3,273
16 years$10,234$8,663$7,300$6,127$5,124$2,762
17 years$9,532$7,978$6,642$5,505$4,543$2,336
18 years$8,909$7,372$6,064$4,961$4,040$1,979
19 years$8,352$6,832$5,551$4,482$3,601$1,680
20 years$7,851$6,349$5,094$4,060$3,216$1,428
21 years$7,398$5,914$4,686$3,684$2,878$1,216
22 years$6,988$5,520$4,319$3,350$2,580$1,036
23 years$6,613$5,163$3,988$3,051$2,316$883
24 years$6,270$4,837$3,688$2,783$2,081$753
25 years$5,956$4,540$3,416$2,541$1,873$643
26 years$5,665$4,267$3,168$2,324$1,687$550
27 years$5,397$4,015$2,942$2,127$1,521$470
28 years$5,148$3,784$2,735$1,949$1,372$402
29 years$4,917$3,569$2,545$1,787$1,239$343
30 years$4,702$3,371$2,370$1,640$1,120$294
31 years$4,501$3,187$2,210$1,506$1,012$251
32 years$4,313$3,015$2,062$1,384$916$215
33 years$4,137$2,855$1,925$1,273$829$184
34 years$3,971$2,706$1,799$1,171$750$158
35 years$3,816$2,567$1,682$1,078$680$135
36 years$3,669$2,436$1,573$993$616$116
37 years$3,530$2,314$1,472$915$558$99
38 years$3,399$2,199$1,379$843$506$85
39 years$3,276$2,091$1,292$778$459$73
40 years$3,158$1,990$1,211$717$416$62
41 years$3,047$1,894$1,135$662$378$53
42 years$2,941$1,804$1,065$611$343$46
43 years$2,840$1,719$999$564$311$39
44 years$2,745$1,638$938$520$282$34
45 years$2,653$1,562$881$481$256$29
46 years$2,566$1,490$827$444$233$25
47 years$2,483$1,422$777$410$211$21
48 years$2,404$1,358$730$379$192$18
49 years$2,328$1,296$687$350$174$15
50 years$2,255$1,238$645$324$158$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,310,000, adding $4,946 every year, while hoping to spend $36,408 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: 65/7/28 Blend
65$2,310,000$2,310,000$2,310,000$2,310,000
66$2,550,722$2,428,292$2,392,487$2,697,326
67$2,772,158$2,508,540$2,433,897$2,877,284
68$3,014,960$2,591,501$2,475,475$3,069,423
69$3,281,269$2,677,267$2,517,186$3,278,649
70$3,573,443$2,765,938$2,558,997$3,506,646
71$3,894,080$2,857,615$2,600,869$3,755,273
72$4,246,040$2,952,403$2,642,763$4,026,575
73$4,632,476$3,050,410$2,684,634$4,322,805
74$5,056,858$3,151,749$2,726,439$4,646,445
75$5,523,011$3,256,538$2,768,128$5,000,229
76$6,035,148$3,364,898$2,809,650$5,387,169
77$6,597,909$3,476,955$2,850,950$5,810,582
78$7,216,408$3,592,838$2,891,969$6,274,124
79$7,896,278$3,712,683$2,932,647$6,781,822
80$8,643,724$3,836,631$2,972,916$7,338,112
81$9,465,584$3,964,825$3,012,708$7,947,883
82$10,369,389$4,097,417$3,051,950$8,616,520
83$11,363,439$4,234,564$3,090,563$9,349,956
84$12,456,879$4,376,426$3,128,465$10,154,731
85$13,659,782$4,523,172$3,165,570$11,038,046
86$14,983,248$4,674,976$3,201,785$12,007,841
87$16,439,508$4,832,018$3,237,014$13,072,860
88$18,042,038$4,994,487$3,271,154$14,242,741
89$19,805,685$5,162,577$3,304,097$15,528,103
90$21,746,810$5,336,488$3,335,729$16,940,646
91$23,883,440$5,516,431$3,365,931$18,493,264
92$26,235,437$5,702,623$3,394,576$20,200,164
93$28,824,689$5,895,288$3,421,532$22,077,002
94$31,675,311$6,094,661$3,446,657$24,141,030
95$34,813,877$6,300,984$3,469,804$26,411,257
96$38,269,670$6,514,509$3,490,820$28,908,631
97$42,074,953$6,735,497$3,509,539$31,656,237
98$46,265,281$6,964,220$3,525,792$34,679,513
99$50,879,832$7,200,958$3,539,398$38,006,489
100$55,961,774$7,446,005$3,550,167$41,668,055