Can I retire at age 66 with 2,380,000?

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 $2,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$196,538$194,788$193,080$191,412$189,785$188,747
2 years$97,296$95,484$93,728$92,025$90,374$89,326
3 years$64,220$62,400$60,648$58,961$57,337$56,313
4 years$47,685$45,871$44,136$42,478$40,893$39,900
5 years$37,766$35,963$34,252$32,627$31,086$30,127
6 years$31,156$29,367$27,680$26,092$24,597$23,673
7 years$26,437$24,662$23,003$21,452$20,004$19,116
8 years$22,899$21,140$19,508$17,996$16,596$15,742
9 years$20,148$18,406$16,802$15,328$13,976$13,158
10 years$17,949$16,224$14,649$13,213$11,908$11,125
11 years$16,151$14,443$12,896$11,499$10,241$9,493
12 years$14,654$12,964$11,445$10,086$8,875$8,160
13 years$13,388$11,715$10,226$8,905$7,739$7,058
14 years$12,304$10,649$9,188$7,905$6,784$6,135
15 years$11,365$9,728$8,295$7,050$5,973$5,356
16 years$10,544$8,925$7,521$6,312$5,279$4,692
17 years$9,821$8,220$6,844$5,671$4,681$4,124
18 years$9,179$7,595$6,247$5,111$4,162$3,634
19 years$8,605$7,039$5,719$4,618$3,710$3,209
20 years$8,089$6,541$5,249$4,183$3,314$2,840
21 years$7,623$6,093$4,828$3,796$2,965$2,518
22 years$7,199$5,688$4,450$3,452$2,658$2,235
23 years$6,814$5,319$4,108$3,143$2,386$1,987
24 years$6,460$4,984$3,800$2,867$2,145$1,769
25 years$6,136$4,677$3,519$2,618$1,930$1,576
26 years$5,837$4,396$3,264$2,394$1,738$1,405
27 years$5,561$4,137$3,031$2,191$1,567$1,254
28 years$5,305$3,898$2,818$2,008$1,414$1,120
29 years$5,066$3,678$2,622$1,841$1,277$1,001
30 years$4,845$3,473$2,442$1,690$1,154$895
31 years$4,638$3,283$2,277$1,552$1,043$801
32 years$4,444$3,107$2,124$1,426$944$717
33 years$4,262$2,942$1,983$1,311$854$642
34 years$4,092$2,788$1,853$1,207$773$575
35 years$3,931$2,645$1,733$1,111$700$515
36 years$3,780$2,510$1,621$1,023$634$462
37 years$3,637$2,384$1,517$943$575$414
38 years$3,502$2,266$1,421$869$521$371
39 years$3,375$2,155$1,331$801$473$333
40 years$3,254$2,050$1,248$739$429$299
41 years$3,139$1,951$1,170$682$389$268
42 years$3,030$1,858$1,097$629$353$240
43 years$2,926$1,771$1,030$581$320$216
44 years$2,828$1,688$967$536$291$194
45 years$2,734$1,609$908$495$264$174
46 years$2,644$1,535$852$457$240$156
47 years$2,559$1,465$801$423$218$140
48 years$2,477$1,399$753$391$198$126
49 years$2,399$1,336$707$361$180$113
50 years$2,324$1,276$665$334$163$101

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,380,000, adding $2,946 every year, while hoping to spend $27,477 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: 54/20/26 Blend
65$2,380,000$2,380,000$2,380,000$2,380,000
66$2,625,799$2,499,659$2,462,769$2,748,536
67$2,864,395$2,592,907$2,516,036$2,926,772
68$3,126,407$2,689,803$2,570,167$3,117,632
69$3,414,194$2,790,497$2,625,162$3,324,861
70$3,730,356$2,895,146$2,681,019$3,550,040
71$4,077,756$3,003,911$2,737,736$3,794,904
72$4,459,548$3,116,963$2,795,311$4,061,367
73$4,879,207$3,234,480$2,853,739$4,351,532
74$5,340,562$3,356,646$2,913,016$4,667,715
75$5,847,831$3,483,653$2,973,134$5,012,466
76$6,405,662$3,615,704$3,034,085$5,388,589
77$7,019,174$3,753,007$3,095,861$5,799,173
78$7,694,008$3,895,783$3,158,451$6,247,619
79$8,436,380$4,044,260$3,221,842$6,737,669
80$9,253,137$4,198,676$3,286,021$7,273,446
81$10,151,826$4,359,279$3,350,971$7,859,486
82$11,140,760$4,526,331$3,416,676$8,500,788
83$12,229,098$4,700,102$3,483,116$9,202,855
84$13,426,934$4,880,875$3,550,268$9,971,745
85$14,745,389$5,068,946$3,618,110$10,814,133
86$16,196,717$5,264,623$3,686,615$11,737,369
87$17,794,421$5,468,228$3,755,755$12,749,548
88$19,553,378$5,680,097$3,825,499$13,859,585
89$21,489,982$5,900,581$3,895,813$15,077,301
90$23,622,298$6,130,048$3,966,660$16,413,513
91$25,970,230$6,368,878$4,038,002$17,880,136
92$28,555,714$6,617,473$4,109,794$19,490,294
93$31,402,917$6,876,249$4,181,993$21,258,447
94$34,538,472$7,145,643$4,254,547$23,200,519
95$37,991,726$7,426,110$4,327,404$25,334,058
96$41,795,017$7,718,124$4,400,507$27,678,390
97$45,983,980$8,022,184$4,473,796$30,254,810
98$50,597,883$8,338,807$4,547,205$33,086,776
99$55,679,995$8,668,537$4,620,664$36,200,133
100$61,277,998$9,011,939$4,694,100$39,623,354