Can I retire at age 66 with 2,360,000?

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 $2,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$194,887$193,151$191,457$189,804$188,190$185,992
2 years$96,479$94,682$92,940$91,252$89,614$87,402
3 years$63,680$61,876$60,139$58,466$56,855$54,697
4 years$47,284$45,485$43,765$42,121$40,549$38,463
5 years$37,449$35,661$33,964$32,353$30,825$28,815
6 years$30,895$29,120$27,448$25,873$24,391$22,461
7 years$26,215$24,455$22,809$21,272$19,836$17,986
8 years$22,706$20,962$19,344$17,844$16,456$14,686
9 years$19,979$18,251$16,661$15,199$13,858$12,168
10 years$17,798$16,088$14,525$13,102$11,808$10,196
11 years$16,015$14,322$12,788$11,403$10,155$8,620
12 years$14,531$12,855$11,349$10,002$8,800$7,340
13 years$13,275$11,617$10,140$8,830$7,674$6,287
14 years$12,200$10,559$9,110$7,838$6,727$5,412
15 years$11,269$9,646$8,226$6,990$5,923$4,677
16 years$10,456$8,850$7,458$6,259$5,235$4,056
17 years$9,738$8,151$6,786$5,624$4,642$3,527
18 years$9,102$7,532$6,195$5,068$4,127$3,075
19 years$8,532$6,980$5,671$4,580$3,679$2,687
20 years$8,021$6,486$5,205$4,148$3,286$2,352
21 years$7,559$6,042$4,787$3,764$2,940$2,062
22 years$7,139$5,640$4,412$3,423$2,636$1,810
23 years$6,756$5,275$4,074$3,117$2,366$1,591
24 years$6,406$4,942$3,768$2,843$2,127$1,400
25 years$6,084$4,638$3,490$2,596$1,914$1,233
26 years$5,788$4,359$3,236$2,374$1,724$1,087
27 years$5,514$4,102$3,005$2,173$1,554$958
28 years$5,260$3,866$2,794$1,991$1,402$846
29 years$5,024$3,647$2,600$1,826$1,266$747
30 years$4,804$3,444$2,422$1,675$1,144$660
31 years$4,599$3,256$2,258$1,539$1,034$583
32 years$4,407$3,080$2,106$1,414$936$515
33 years$4,226$2,917$1,967$1,300$847$456
34 years$4,057$2,765$1,838$1,197$767$403
35 years$3,898$2,622$1,718$1,101$694$357
36 years$3,748$2,489$1,607$1,014$629$316
37 years$3,607$2,364$1,504$935$570$279
38 years$3,473$2,247$1,409$862$517$247
39 years$3,346$2,136$1,320$794$469$219
40 years$3,226$2,033$1,237$733$425$194
41 years$3,113$1,935$1,160$676$386$172
42 years$3,005$1,843$1,088$624$350$152
43 years$2,902$1,756$1,021$576$318$135
44 years$2,804$1,674$958$532$288$119
45 years$2,711$1,596$900$491$262$106
46 years$2,622$1,522$845$454$238$94
47 years$2,537$1,453$794$419$216$83
48 years$2,456$1,387$746$387$196$74
49 years$2,378$1,324$701$358$178$65
50 years$2,304$1,265$659$331$162$58

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,360,000, adding $5,406 every year, while hoping to spend $30,388 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: 51/34/15 Blend
65$2,360,000$2,360,000$2,360,000$2,360,000
66$2,606,296$2,481,216$2,444,636$2,728,310
67$2,839,806$2,570,463$2,494,199$2,901,855
68$3,096,115$2,663,065$2,544,404$3,086,792
69$3,377,517$2,759,153$2,595,239$3,287,174
70$3,686,539$2,858,867$2,646,695$3,504,471
71$4,025,962$2,962,348$2,698,756$3,740,295
72$4,398,855$3,069,747$2,751,408$3,996,420
73$4,808,592$3,181,219$2,804,635$4,274,798
74$5,258,897$3,296,927$2,858,418$4,577,574
75$5,753,867$3,417,039$2,912,738$4,907,110
76$6,298,018$3,541,731$2,967,571$5,266,004
77$6,896,327$3,671,186$3,022,896$5,657,113
78$7,554,274$3,805,596$3,078,685$6,083,582
79$8,277,899$3,945,160$3,134,910$6,548,873
80$9,073,856$4,090,084$3,191,541$7,056,793
81$9,949,477$4,240,586$3,248,545$7,611,537
82$10,912,839$4,396,890$3,305,887$8,217,718
83$11,972,842$4,559,231$3,363,527$8,880,417
84$13,139,293$4,727,854$3,421,426$9,605,226
85$14,422,996$4,903,014$3,479,539$10,398,301
86$15,835,856$5,084,976$3,537,818$11,266,422
87$17,390,993$5,274,019$3,596,214$12,217,052
88$19,102,859$5,470,432$3,654,673$13,258,410
89$20,987,383$5,674,515$3,713,136$14,399,545
90$23,062,113$5,886,583$3,771,543$15,650,424
91$25,346,387$6,106,964$3,829,828$17,022,021
92$27,861,512$6,335,999$3,887,922$18,526,424
93$30,630,970$6,574,046$3,945,751$20,176,944
94$33,680,630$6,821,477$4,003,235$21,988,243
95$37,039,004$7,078,678$4,060,292$23,976,468
96$40,737,504$7,346,055$4,116,834$26,159,406
97$44,810,747$7,624,030$4,172,766$28,556,648
98$49,296,879$7,913,043$4,227,989$31,189,775
99$54,237,933$8,213,554$4,282,399$34,082,557
100$59,680,226$8,526,042$4,335,884$37,261,181