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

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 $2,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$192,409$190,695$189,023$187,391$185,797$184,859
2 years$95,252$93,478$91,759$90,092$88,475$87,528
3 years$62,871$61,089$59,374$57,723$56,132$55,206
4 years$46,683$44,907$43,209$41,586$40,034$39,135
5 years$36,973$35,208$33,532$31,942$30,433$29,565
6 years$30,502$28,750$27,099$25,544$24,081$23,244
7 years$25,881$24,144$22,519$21,001$19,584$18,780
8 years$22,418$20,696$19,098$17,618$16,247$15,474
9 years$19,725$18,019$16,449$15,006$13,682$12,942
10 years$17,572$15,883$14,341$12,936$11,658$10,949
11 years$15,812$14,140$12,625$11,258$10,026$9,348
12 years$14,346$12,691$11,205$9,875$8,689$8,041
13 years$13,107$11,469$10,011$8,718$7,577$6,959
14 years$12,045$10,425$8,995$7,739$6,642$6,053
15 years$11,126$9,524$8,121$6,902$5,848$5,288
16 years$10,323$8,738$7,363$6,180$5,168$4,636
17 years$9,615$8,047$6,700$5,552$4,583$4,077
18 years$8,986$7,436$6,116$5,004$4,075$3,595
19 years$8,424$6,891$5,599$4,521$3,632$3,177
20 years$7,919$6,404$5,139$4,095$3,244$2,814
21 years$7,463$5,965$4,726$3,716$2,903$2,496
22 years$7,048$5,568$4,356$3,379$2,602$2,218
23 years$6,670$5,208$4,022$3,077$2,336$1,973
24 years$6,325$4,879$3,720$2,807$2,099$1,758
25 years$6,007$4,579$3,445$2,563$1,889$1,567
26 years$5,714$4,303$3,195$2,344$1,702$1,399
27 years$5,444$4,050$2,967$2,145$1,534$1,249
28 years$5,193$3,816$2,758$1,966$1,384$1,117
29 years$4,960$3,600$2,567$1,802$1,250$999
30 years$4,743$3,400$2,391$1,654$1,130$894
31 years$4,540$3,214$2,229$1,519$1,021$800
32 years$4,350$3,041$2,080$1,396$924$717
33 years$4,173$2,880$1,942$1,284$836$643
34 years$4,006$2,730$1,814$1,181$757$576
35 years$3,849$2,589$1,696$1,087$686$517
36 years$3,701$2,457$1,587$1,002$621$463
37 years$3,561$2,334$1,485$923$563$416
38 years$3,429$2,218$1,391$851$510$373
39 years$3,304$2,109$1,303$784$463$335
40 years$3,185$2,007$1,221$723$420$301
41 years$3,073$1,910$1,145$667$381$270
42 years$2,966$1,819$1,074$616$346$243
43 years$2,865$1,733$1,008$569$314$218
44 years$2,768$1,652$946$525$285$196
45 years$2,676$1,576$889$485$258$176
46 years$2,589$1,503$835$448$235$158
47 years$2,505$1,434$784$414$213$142
48 years$2,425$1,369$737$382$194$128
49 years$2,348$1,308$692$353$176$115
50 years$2,275$1,249$651$327$160$103

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 $5,839 every year, while hoping to spend $30,634 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: 31/48/21 Blend
65$2,330,000$2,330,000$2,330,000$2,330,000
66$2,573,683$2,450,193$2,414,078$2,636,508
67$2,803,604$2,537,658$2,462,355$2,771,973
68$3,055,951$2,628,382$2,511,223$2,914,531
69$3,332,978$2,722,493$2,560,669$3,067,352
70$3,637,169$2,820,122$2,610,679$3,231,350
71$3,971,261$2,921,409$2,661,237$3,407,526
72$4,338,268$3,026,496$2,712,327$3,596,977
73$4,741,510$3,135,534$2,763,929$3,800,909
74$5,184,647$3,248,678$2,816,023$4,020,647
75$5,671,708$3,366,090$2,868,587$4,257,644
76$6,207,133$3,487,940$2,921,596$4,513,496
77$6,795,815$3,614,402$2,975,023$4,789,958
78$7,443,141$3,745,662$3,028,840$5,088,956
79$8,155,051$3,881,909$3,083,016$5,412,610
80$8,938,087$4,023,342$3,137,517$5,763,246
81$9,799,455$4,170,170$3,192,307$6,143,424
82$10,747,098$4,322,606$3,247,348$6,555,957
83$11,789,765$4,480,878$3,302,598$7,003,939
84$12,937,098$4,645,218$3,358,012$7,490,771
85$14,199,720$4,815,871$3,413,543$8,020,195
86$15,589,335$4,993,092$3,469,140$8,596,328
87$17,118,839$5,177,146$3,524,748$9,223,696
88$18,802,444$5,368,309$3,580,311$9,907,282
89$20,655,807$5,566,870$3,635,765$10,652,565
90$22,696,182$5,773,130$3,691,046$11,465,578
91$24,942,580$5,987,401$3,746,083$12,352,957
92$27,415,950$6,210,009$3,800,803$13,322,008
93$30,139,373$6,441,296$3,855,127$14,380,771
94$33,138,287$6,681,617$3,908,971$15,538,095
95$36,440,717$6,931,341$3,962,246$16,803,722
96$40,077,548$7,190,856$4,014,860$18,188,378
97$44,082,813$7,460,562$4,066,712$19,703,870
98$48,494,011$7,740,881$4,117,698$21,363,197
99$53,352,466$8,032,250$4,167,707$23,180,673
100$58,703,713$8,335,126$4,216,621$25,172,059