Can I retire at age 66 with 2,370,000?

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 $2,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$195,712$193,969$192,268$190,608$188,987$186,163
2 years$96,887$95,083$93,334$91,639$89,994$87,155
3 years$63,950$62,138$60,393$58,714$57,096$54,330
4 years$47,484$45,678$43,951$42,300$40,721$38,051
5 years$37,608$35,812$34,108$32,490$30,956$28,388
6 years$31,025$29,243$27,564$25,983$24,494$22,032
7 years$26,326$24,558$22,906$21,362$19,920$17,564
8 years$22,802$21,051$19,426$17,920$16,526$14,276
9 years$20,064$18,329$16,732$15,264$13,917$11,772
10 years$17,874$16,156$14,587$13,158$11,858$9,816
11 years$16,083$14,383$12,842$11,451$10,198$8,258
12 years$14,592$12,909$11,397$10,044$8,838$6,996
13 years$13,332$11,666$10,183$8,867$7,707$5,961
14 years$12,252$10,604$9,149$7,872$6,756$5,104
15 years$11,317$9,687$8,260$7,020$5,948$4,387
16 years$10,500$8,888$7,489$6,286$5,257$3,783
17 years$9,780$8,185$6,815$5,648$4,661$3,272
18 years$9,140$7,564$6,221$5,090$4,145$2,836
19 years$8,569$7,010$5,695$4,599$3,694$2,464
20 years$8,055$6,514$5,227$4,165$3,300$2,144
21 years$7,591$6,067$4,808$3,780$2,953$1,868
22 years$7,169$5,664$4,431$3,437$2,647$1,630
23 years$6,785$5,297$4,091$3,130$2,376$1,424
24 years$6,433$4,963$3,784$2,855$2,136$1,245
25 years$6,110$4,658$3,504$2,607$1,922$1,090
26 years$5,813$4,377$3,250$2,384$1,731$954
27 years$5,537$4,120$3,018$2,182$1,561$836
28 years$5,282$3,882$2,806$1,999$1,408$733
29 years$5,045$3,662$2,611$1,833$1,272$643
30 years$4,824$3,458$2,432$1,683$1,149$564
31 years$4,618$3,269$2,267$1,545$1,039$496
32 years$4,425$3,094$2,115$1,420$940$435
33 years$4,244$2,930$1,975$1,306$850$382
34 years$4,074$2,777$1,845$1,202$770$336
35 years$3,915$2,634$1,725$1,106$697$295
36 years$3,764$2,500$1,614$1,019$632$260
37 years$3,622$2,374$1,511$939$573$228
38 years$3,488$2,256$1,415$865$519$201
39 years$3,361$2,145$1,325$798$471$176
40 years$3,240$2,041$1,242$736$427$155
41 years$3,126$1,943$1,165$679$387$137
42 years$3,017$1,851$1,093$626$352$120
43 years$2,914$1,763$1,025$578$319$106
44 years$2,816$1,681$963$534$290$93
45 years$2,722$1,603$904$493$263$82
46 years$2,633$1,529$849$456$239$72
47 years$2,548$1,459$797$421$217$63
48 years$2,466$1,393$749$389$197$56
49 years$2,388$1,330$704$359$179$49
50 years$2,314$1,271$662$332$162$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,370,000, adding $6,370 every year, while hoping to spend $49,791 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: 39/32/29 Blend
65$2,370,000$2,370,000$2,370,000$2,370,000
66$2,618,311$2,492,701$2,455,966$2,697,709
67$2,832,401$2,561,866$2,485,263$2,825,600
68$3,066,660$2,632,751$2,513,874$2,958,758
69$3,323,092$2,705,389$2,541,721$3,101,809
70$3,603,904$2,779,810$2,568,726$3,255,688
71$3,911,528$2,856,046$2,594,804$3,421,424
72$4,248,640$2,934,129$2,619,866$3,600,154
73$4,618,189$3,014,088$2,643,819$3,793,126
74$5,023,422$3,095,956$2,666,564$4,001,716
75$5,467,916$3,179,762$2,687,999$4,227,442
76$5,955,608$3,265,536$2,708,012$4,471,973
77$6,490,840$3,353,307$2,726,490$4,737,149
78$7,078,389$3,443,103$2,743,311$5,024,999
79$7,723,521$3,534,951$2,758,348$5,337,755
80$8,432,036$3,628,879$2,771,468$5,677,880
81$9,210,321$3,724,912$2,782,530$6,048,087
82$10,065,416$3,823,074$2,791,387$6,451,363
83$11,005,073$3,923,389$2,797,883$6,891,002
84$12,037,833$4,025,879$2,801,855$7,370,635
85$13,173,109$4,130,563$2,803,133$7,894,261
86$14,421,265$4,237,460$2,801,538$8,466,289
87$15,793,726$4,346,587$2,796,881$9,091,577
88$17,303,074$4,457,959$2,788,965$9,775,480
89$18,963,176$4,571,586$2,777,583$10,523,898
90$20,789,306$4,687,480$2,762,518$11,343,335
91$22,798,295$4,805,647$2,743,543$12,240,960
92$25,008,689$4,926,091$2,720,419$13,224,672
93$27,440,919$5,048,814$2,692,897$14,303,179
94$30,117,500$5,173,812$2,660,716$15,486,078
95$33,063,236$5,301,080$2,623,601$16,783,945
96$36,305,460$5,430,607$2,581,266$18,208,438
97$39,874,289$5,562,379$2,533,410$19,772,407
98$43,802,907$5,696,376$2,479,720$21,490,013
99$48,127,880$5,832,575$2,419,867$23,376,864
100$52,889,497$5,970,945$2,353,506$25,450,165