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%16.2%
1 years$191,583$189,877$188,212$186,587$185,000$180,308
2 years$94,843$93,077$91,365$89,705$88,095$83,399
3 years$62,601$60,827$59,119$57,475$55,891$51,337
4 years$46,483$44,714$43,024$41,408$39,862$35,485
5 years$36,814$35,056$33,388$31,805$30,303$26,115
6 years$30,371$28,626$26,983$25,435$23,977$19,983
7 years$25,770$24,040$22,423$20,911$19,500$15,700
8 years$22,321$20,607$19,016$17,542$16,177$12,569
9 years$19,640$17,942$16,379$14,942$13,624$10,205
10 years$17,497$15,815$14,279$12,880$11,608$8,374
11 years$15,744$14,079$12,571$11,209$9,983$6,930
12 years$14,284$12,637$11,157$9,832$8,651$5,773
13 years$13,050$11,420$9,968$8,680$7,544$4,835
14 years$11,994$10,380$8,956$7,705$6,613$4,067
15 years$11,078$9,483$8,086$6,872$5,823$3,433
16 years$10,278$8,700$7,331$6,153$5,146$2,907
17 years$9,573$8,013$6,671$5,528$4,563$2,467
18 years$8,947$7,404$6,090$4,982$4,057$2,099
19 years$8,388$6,862$5,575$4,502$3,616$1,788
20 years$7,885$6,376$5,116$4,077$3,230$1,526
21 years$7,431$5,939$4,706$3,700$2,891$1,304
22 years$7,018$5,544$4,337$3,365$2,591$1,115
23 years$6,642$5,185$4,005$3,064$2,326$954
24 years$6,298$4,858$3,704$2,795$2,090$818
25 years$5,981$4,559$3,430$2,552$1,881$701
26 years$5,690$4,285$3,182$2,334$1,694$601
27 years$5,420$4,033$2,954$2,136$1,528$516
28 years$5,171$3,800$2,746$1,957$1,378$443
29 years$4,939$3,585$2,556$1,795$1,245$380
30 years$4,723$3,386$2,381$1,647$1,125$327
31 years$4,521$3,200$2,219$1,513$1,017$281
32 years$4,332$3,028$2,071$1,390$920$241
33 years$4,155$2,868$1,933$1,278$832$207
34 years$3,989$2,718$1,807$1,176$754$178
35 years$3,832$2,578$1,689$1,083$683$153
36 years$3,685$2,447$1,580$997$618$132
37 years$3,546$2,324$1,479$919$561$113
38 years$3,414$2,209$1,385$847$508$98
39 years$3,290$2,100$1,297$781$461$84
40 years$3,172$1,998$1,216$720$418$72
41 years$3,060$1,902$1,140$665$379$62
42 years$2,954$1,811$1,070$613$344$53
43 years$2,853$1,726$1,004$566$312$46
44 years$2,756$1,645$942$523$283$40
45 years$2,665$1,569$885$483$257$34
46 years$2,577$1,497$831$446$234$29
47 years$2,494$1,428$781$412$212$25
48 years$2,414$1,363$734$381$193$22
49 years$2,338$1,302$690$352$175$19
50 years$2,265$1,244$648$325$159$16

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 $3,702 every year, while hoping to spend $34,739 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: 57/28/15 Blend
65$2,320,000$2,320,000$2,320,000$2,320,000
66$2,560,459$2,437,499$2,401,539$2,696,273
67$2,784,663$2,519,974$2,445,028$2,871,208
68$3,030,573$2,605,326$2,488,810$3,057,620
69$3,300,364$2,693,660$2,532,858$3,259,952
70$3,596,435$2,785,083$2,577,143$3,479,740
71$3,921,427$2,879,708$2,621,633$3,718,669
72$4,278,251$2,977,652$2,666,296$3,978,597
73$4,670,111$3,079,035$2,711,095$4,261,568
74$5,100,538$3,183,984$2,755,993$4,569,830
75$5,573,422$3,292,629$2,800,948$4,905,859
76$6,093,048$3,405,105$2,845,917$5,272,380
77$6,664,137$3,521,553$2,890,853$5,672,391
78$7,291,889$3,642,119$2,935,707$6,109,196
79$7,982,035$3,766,956$2,980,425$6,586,429
80$8,740,886$3,896,220$3,024,953$7,108,094
81$9,575,397$4,030,075$3,069,230$7,678,598
82$10,493,231$4,168,693$3,113,192$8,302,794
83$11,502,830$4,312,248$3,156,774$8,986,028
84$12,613,496$4,460,925$3,199,903$9,734,184
85$13,835,477$4,614,915$3,242,504$10,553,745
86$15,180,065$4,774,416$3,284,498$11,451,850
87$16,659,703$4,939,633$3,325,800$12,436,361
88$18,288,099$5,110,781$3,366,320$13,515,939
89$20,080,357$5,288,082$3,405,964$14,700,123
90$22,053,123$5,471,768$3,444,634$15,999,420
91$24,224,735$5,662,077$3,482,222$17,425,404
92$26,615,400$5,859,262$3,518,619$18,990,824
93$29,247,385$6,063,580$3,553,707$20,709,726
94$32,145,225$6,275,301$3,587,362$22,597,580
95$35,335,955$6,494,708$3,619,456$24,671,431
96$38,849,364$6,722,090$3,649,849$26,950,055
97$42,718,279$6,957,753$3,678,399$29,454,140
98$46,978,871$7,202,010$3,704,953$32,206,476
99$51,670,999$7,455,191$3,729,352$35,232,169
100$56,838,582$7,717,637$3,751,426$38,558,884