Can I retire at age 66 with 2,320,000?

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 $2,320,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$191,583$189,877$188,212$186,587$185,000$180,969
2 years$94,843$93,077$91,365$89,705$88,095$84,054
3 years$62,601$60,827$59,119$57,475$55,891$51,967
4 years$46,483$44,714$43,024$41,408$39,862$36,084
5 years$36,814$35,056$33,388$31,805$30,303$26,682
6 years$30,371$28,626$26,983$25,435$23,977$20,517
7 years$25,770$24,040$22,423$20,911$19,500$16,202
8 years$22,321$20,607$19,016$17,542$16,177$13,039
9 years$19,640$17,942$16,379$14,942$13,624$10,644
10 years$17,497$15,815$14,279$12,880$11,608$8,783
11 years$15,744$14,079$12,571$11,209$9,983$7,310
12 years$14,284$12,637$11,157$9,832$8,651$6,126
13 years$13,050$11,420$9,968$8,680$7,544$5,161
14 years$11,994$10,380$8,956$7,705$6,613$4,368
15 years$11,078$9,483$8,086$6,872$5,823$3,711
16 years$10,278$8,700$7,331$6,153$5,146$3,162
17 years$9,573$8,013$6,671$5,528$4,563$2,702
18 years$8,947$7,404$6,090$4,982$4,057$2,313
19 years$8,388$6,862$5,575$4,502$3,616$1,984
20 years$7,885$6,376$5,116$4,077$3,230$1,705
21 years$7,431$5,939$4,706$3,700$2,891$1,467
22 years$7,018$5,544$4,337$3,365$2,591$1,263
23 years$6,642$5,185$4,005$3,064$2,326$1,089
24 years$6,298$4,858$3,704$2,795$2,090$939
25 years$5,981$4,559$3,430$2,552$1,881$811
26 years$5,690$4,285$3,182$2,334$1,694$701
27 years$5,420$4,033$2,954$2,136$1,528$606
28 years$5,171$3,800$2,746$1,957$1,378$524
29 years$4,939$3,585$2,556$1,795$1,245$453
30 years$4,723$3,386$2,381$1,647$1,125$392
31 years$4,521$3,200$2,219$1,513$1,017$340
32 years$4,332$3,028$2,071$1,390$920$294
33 years$4,155$2,868$1,933$1,278$832$255
34 years$3,989$2,718$1,807$1,176$754$221
35 years$3,832$2,578$1,689$1,083$683$191
36 years$3,685$2,447$1,580$997$618$166
37 years$3,546$2,324$1,479$919$561$144
38 years$3,414$2,209$1,385$847$508$124
39 years$3,290$2,100$1,297$781$461$108
40 years$3,172$1,998$1,216$720$418$93
41 years$3,060$1,902$1,140$665$379$81
42 years$2,954$1,811$1,070$613$344$70
43 years$2,853$1,726$1,004$566$312$61
44 years$2,756$1,645$942$523$283$53
45 years$2,665$1,569$885$483$257$46
46 years$2,577$1,497$831$446$234$40
47 years$2,494$1,428$781$412$212$34
48 years$2,414$1,363$734$381$193$30
49 years$2,338$1,302$690$352$175$26
50 years$2,265$1,244$648$325$159$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,320,000, adding $5,908 every year, while hoping to spend $51,852 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: 82/13/5 Blend
65$2,320,000$2,320,000$2,320,000$2,320,000
66$2,562,734$2,439,774$2,403,814$2,772,159
67$2,768,963$2,504,153$2,429,172$2,974,223
68$2,994,489$2,569,948$2,453,641$3,188,413
69$3,241,226$2,637,175$2,477,137$3,421,921
70$3,511,282$2,705,847$2,499,572$3,676,648
71$3,806,976$2,775,977$2,520,851$3,954,687
72$4,130,863$2,847,575$2,540,875$4,258,343
73$4,485,757$2,920,653$2,559,540$4,590,156
74$4,874,757$2,995,218$2,576,738$4,952,921
75$5,301,276$3,071,277$2,592,352$5,349,718
76$5,769,073$3,148,836$2,606,263$5,783,937
77$6,282,287$3,227,898$2,618,341$6,259,315
78$6,845,480$3,308,465$2,628,455$6,779,965
79$7,463,674$3,390,534$2,636,463$7,350,420
80$8,142,402$3,474,104$2,642,218$7,975,670
81$8,887,760$3,559,168$2,645,565$8,661,217
82$9,706,461$3,645,717$2,646,342$9,413,117
83$10,605,903$3,733,739$2,644,377$10,238,044
84$11,594,233$3,823,221$2,639,491$11,143,351
85$12,680,428$3,914,142$2,631,498$12,137,136
86$13,874,379$4,006,482$2,620,200$13,228,325
87$15,186,979$4,100,213$2,605,391$14,426,747
88$16,630,234$4,195,306$2,586,854$15,743,236
89$18,217,367$4,291,726$2,564,362$17,189,725
90$19,962,949$4,389,431$2,537,679$18,779,363
91$21,883,034$4,488,377$2,506,556$20,526,639
92$23,995,309$4,588,514$2,470,732$22,447,515
93$26,319,264$4,689,784$2,429,934$24,559,581
94$28,876,369$4,792,123$2,383,877$26,882,217
95$31,690,284$4,895,463$2,332,262$29,436,776
96$34,787,076$4,999,724$2,274,776$32,246,789
97$38,195,470$5,104,822$2,211,093$35,338,183
98$41,947,113$5,210,664$2,140,870$38,739,527
99$46,076,879$5,317,147$2,063,749$42,482,301
100$50,623,192$5,424,158$1,979,357$46,601,193