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%11.5%
1 years$194,887$193,151$191,457$189,804$188,190$187,004
2 years$96,479$94,682$92,940$91,252$89,614$88,418
3 years$63,680$61,876$60,139$58,466$56,855$55,685
4 years$47,284$45,485$43,765$42,121$40,549$39,415
5 years$37,449$35,661$33,964$32,353$30,825$29,730
6 years$30,895$29,120$27,448$25,873$24,391$23,336
7 years$26,215$24,455$22,809$21,272$19,836$18,823
8 years$22,706$20,962$19,344$17,844$16,456$15,484
9 years$19,979$18,251$16,661$15,199$13,858$12,927
10 years$17,798$16,088$14,525$13,102$11,808$10,917
11 years$16,015$14,322$12,788$11,403$10,155$9,304
12 years$14,531$12,855$11,349$10,002$8,800$7,988
13 years$13,275$11,617$10,140$8,830$7,674$6,900
14 years$12,200$10,559$9,110$7,838$6,727$5,990
15 years$11,269$9,646$8,226$6,990$5,923$5,222
16 years$10,456$8,850$7,458$6,259$5,235$4,569
17 years$9,738$8,151$6,786$5,624$4,642$4,010
18 years$9,102$7,532$6,195$5,068$4,127$3,528
19 years$8,532$6,980$5,671$4,580$3,679$3,112
20 years$8,021$6,486$5,205$4,148$3,286$2,750
21 years$7,559$6,042$4,787$3,764$2,940$2,434
22 years$7,139$5,640$4,412$3,423$2,636$2,158
23 years$6,756$5,275$4,074$3,117$2,366$1,915
24 years$6,406$4,942$3,768$2,843$2,127$1,702
25 years$6,084$4,638$3,490$2,596$1,914$1,514
26 years$5,788$4,359$3,236$2,374$1,724$1,348
27 years$5,514$4,102$3,005$2,173$1,554$1,202
28 years$5,260$3,866$2,794$1,991$1,402$1,071
29 years$5,024$3,647$2,600$1,826$1,266$956
30 years$4,804$3,444$2,422$1,675$1,144$854
31 years$4,599$3,256$2,258$1,539$1,034$762
32 years$4,407$3,080$2,106$1,414$936$681
33 years$4,226$2,917$1,967$1,300$847$609
34 years$4,057$2,765$1,838$1,197$767$545
35 years$3,898$2,622$1,718$1,101$694$487
36 years$3,748$2,489$1,607$1,014$629$436
37 years$3,607$2,364$1,504$935$570$390
38 years$3,473$2,247$1,409$862$517$349
39 years$3,346$2,136$1,320$794$469$313
40 years$3,226$2,033$1,237$733$425$280
41 years$3,113$1,935$1,160$676$386$251
42 years$3,005$1,843$1,088$624$350$225
43 years$2,902$1,756$1,021$576$318$201
44 years$2,804$1,674$958$532$288$180
45 years$2,711$1,596$900$491$262$162
46 years$2,622$1,522$845$454$238$145
47 years$2,537$1,453$794$419$216$130
48 years$2,456$1,387$746$387$196$116
49 years$2,378$1,324$701$358$178$104
50 years$2,304$1,265$659$331$162$93

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 $6,831 every year, while hoping to spend $35,357 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: 38/33/29 Blend
65$2,360,000$2,360,000$2,360,000$2,360,000
66$2,607,766$2,482,686$2,446,106$2,684,139
67$2,836,139$2,566,718$2,490,431$2,825,034
68$3,086,620$2,653,683$2,535,056$2,973,481
69$3,361,429$2,743,686$2,579,953$3,133,252
70$3,663,007$2,836,839$2,625,094$3,305,398
71$3,994,045$2,933,256$2,670,446$3,491,077
72$4,357,508$3,033,056$2,715,976$3,691,561
73$4,756,660$3,136,362$2,761,648$3,908,250
74$5,195,098$3,243,302$2,807,422$4,142,681
75$5,676,785$3,354,011$2,853,257$4,396,549
76$6,206,084$3,468,625$2,899,109$4,671,715
77$6,787,806$3,587,289$2,944,931$4,970,230
78$7,427,248$3,710,152$2,990,672$5,294,347
79$8,130,246$3,837,368$3,036,278$5,646,550
80$8,903,230$3,969,098$3,081,692$6,029,568
81$9,753,286$4,105,510$3,126,855$6,446,410
82$10,688,217$4,246,776$3,171,701$6,900,383
83$11,716,625$4,393,078$3,216,162$7,395,132
84$12,847,984$4,544,602$3,260,167$7,934,668
85$14,092,734$4,701,542$3,303,638$8,523,406
86$15,462,377$4,864,103$3,346,494$9,166,210
87$16,969,587$5,032,492$3,388,650$9,868,433
88$18,628,330$5,206,929$3,430,015$10,635,973
89$20,453,992$5,387,640$3,470,492$11,475,323
90$22,463,526$5,574,862$3,509,981$12,393,633
91$24,675,615$5,768,839$3,548,374$13,398,780
92$27,110,842$5,969,827$3,585,559$14,499,438
93$29,791,890$6,178,090$3,621,417$15,705,161
94$32,743,750$6,393,904$3,655,822$17,026,473
95$35,993,962$6,617,554$3,688,641$18,474,967
96$39,572,872$6,849,340$3,719,736$20,063,411
97$43,513,917$7,089,570$3,748,960$21,805,870
98$47,853,945$7,338,567$3,776,158$23,717,842
99$52,633,556$7,596,666$3,801,168$25,816,394
100$57,897,490$7,864,214$3,823,819$28,120,331