Can I retire at age 66 with 2,330,000?

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 $2,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$192,409$190,695$189,023$187,391$185,797$180,211
2 years$95,252$93,478$91,759$90,092$88,475$82,894
3 years$62,871$61,089$59,374$57,723$56,132$50,731
4 years$46,683$44,907$43,209$41,586$40,034$34,855
5 years$36,973$35,208$33,532$31,942$30,433$25,489
6 years$30,502$28,750$27,099$25,544$24,081$19,377
7 years$25,881$24,144$22,519$21,001$19,584$15,120
8 years$22,418$20,696$19,098$17,618$16,247$12,020
9 years$19,725$18,019$16,449$15,006$13,682$9,688
10 years$17,572$15,883$14,341$12,936$11,658$7,891
11 years$15,812$14,140$12,625$11,258$10,026$6,480
12 years$14,346$12,691$11,205$9,875$8,689$5,355
13 years$13,107$11,469$10,011$8,718$7,577$4,449
14 years$12,045$10,425$8,995$7,739$6,642$3,712
15 years$11,126$9,524$8,121$6,902$5,848$3,107
16 years$10,323$8,738$7,363$6,180$5,168$2,608
17 years$9,615$8,047$6,700$5,552$4,583$2,195
18 years$8,986$7,436$6,116$5,004$4,075$1,850
19 years$8,424$6,891$5,599$4,521$3,632$1,562
20 years$7,919$6,404$5,139$4,095$3,244$1,321
21 years$7,463$5,965$4,726$3,716$2,903$1,118
22 years$7,048$5,568$4,356$3,379$2,602$947
23 years$6,670$5,208$4,022$3,077$2,336$803
24 years$6,325$4,879$3,720$2,807$2,099$682
25 years$6,007$4,579$3,445$2,563$1,889$579
26 years$5,714$4,303$3,195$2,344$1,702$492
27 years$5,444$4,050$2,967$2,145$1,534$418
28 years$5,193$3,816$2,758$1,966$1,384$355
29 years$4,960$3,600$2,567$1,802$1,250$302
30 years$4,743$3,400$2,391$1,654$1,130$257
31 years$4,540$3,214$2,229$1,519$1,021$219
32 years$4,350$3,041$2,080$1,396$924$186
33 years$4,173$2,880$1,942$1,284$836$158
34 years$4,006$2,730$1,814$1,181$757$135
35 years$3,849$2,589$1,696$1,087$686$115
36 years$3,701$2,457$1,587$1,002$621$98
37 years$3,561$2,334$1,485$923$563$83
38 years$3,429$2,218$1,391$851$510$71
39 years$3,304$2,109$1,303$784$463$60
40 years$3,185$2,007$1,221$723$420$51
41 years$3,073$1,910$1,145$667$381$44
42 years$2,966$1,819$1,074$616$346$37
43 years$2,865$1,733$1,008$569$314$32
44 years$2,768$1,652$946$525$285$27
45 years$2,676$1,576$889$485$258$23
46 years$2,589$1,503$835$448$235$20
47 years$2,505$1,434$784$414$213$17
48 years$2,425$1,369$737$382$194$14
49 years$2,348$1,308$692$353$176$12
50 years$2,275$1,249$651$327$160$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,330,000, adding $4,236 every year, while hoping to spend $59,765 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: 24/46/30 Blend
65$2,330,000$2,330,000$2,330,000$2,330,000
66$2,572,029$2,448,539$2,412,424$2,609,491
67$2,770,787$2,504,928$2,429,651$2,698,488
68$2,987,815$2,562,077$2,445,452$2,788,478
69$3,224,913$2,619,960$2,459,716$2,883,657
70$3,484,064$2,678,548$2,472,326$2,984,500
71$3,767,450$2,737,809$2,483,161$3,091,530
72$4,077,474$2,797,706$2,492,091$3,205,326
73$4,416,782$2,858,198$2,498,981$3,326,526
74$4,788,285$2,919,242$2,503,689$3,455,834
75$5,195,194$2,980,788$2,506,066$3,594,031
76$5,641,040$3,042,783$2,505,955$3,741,976
77$6,129,715$3,105,168$2,503,193$3,900,618
78$6,665,502$3,167,878$2,497,607$4,071,007
79$7,253,123$3,230,843$2,489,016$4,254,302
80$7,897,775$3,293,988$2,477,231$4,451,781
81$8,605,183$3,357,229$2,462,054$4,664,858
82$9,381,655$3,420,476$2,443,276$4,895,093
83$10,234,138$3,483,633$2,420,680$5,144,210
84$11,170,283$3,546,595$2,394,036$5,414,110
85$12,198,522$3,609,248$2,363,106$5,706,895
86$13,328,141$3,671,471$2,327,640$6,024,885
87$14,569,370$3,733,131$2,287,374$6,370,640
88$15,933,479$3,794,088$2,242,035$6,746,990
89$17,432,886$3,854,191$2,191,335$7,157,054
90$19,081,269$3,913,275$2,134,974$7,604,280
91$20,893,700$3,971,167$2,072,637$8,092,473
92$22,886,782$4,027,678$2,003,995$8,625,831
93$25,078,809$4,082,610$1,928,704$9,208,989
94$27,489,936$4,135,747$1,846,404$9,847,063
95$30,142,371$4,186,860$1,756,720$10,545,701
96$33,060,581$4,235,703$1,659,258$11,311,132
97$36,271,524$4,282,017$1,553,607$12,150,234
98$39,804,904$4,325,520$1,439,337$13,070,596
99$43,693,450$4,365,917$1,316,001$14,080,590
100$47,973,224$4,402,889$1,183,129$15,189,457