Can I retire at age 66 with 2,390,000?

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 $2,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$197,364$195,606$193,891$192,217$190,582$184,555
2 years$97,705$95,885$94,122$92,412$90,753$84,736
3 years$64,490$62,662$60,903$59,209$57,578$51,759
4 years$47,885$46,063$44,322$42,657$41,065$35,489
5 years$37,925$36,114$34,396$32,765$31,217$25,899
6 years$31,287$29,490$27,797$26,202$24,701$19,645
7 years$26,548$24,766$23,099$21,542$20,088$15,295
8 years$22,995$21,229$19,590$18,071$16,665$12,130
9 years$20,233$18,483$16,873$15,393$14,035$9,753
10 years$18,025$16,292$14,710$13,269$11,958$7,924
11 years$16,219$14,504$12,951$11,548$10,284$6,490
12 years$14,715$13,018$11,493$10,129$8,912$5,350
13 years$13,444$11,764$10,268$8,942$7,772$4,432
14 years$12,355$10,694$9,226$7,938$6,813$3,687
15 years$11,413$9,769$8,330$7,079$5,998$3,078
16 years$10,589$8,963$7,552$6,339$5,301$2,576
17 years$9,862$8,254$6,872$5,695$4,701$2,161
18 years$9,217$7,627$6,274$5,133$4,180$1,817
19 years$8,641$7,069$5,743$4,638$3,725$1,529
20 years$8,123$6,569$5,271$4,200$3,327$1,289
21 years$7,655$6,119$4,848$3,812$2,978$1,088
22 years$7,230$5,711$4,468$3,466$2,669$919
23 years$6,842$5,342$4,126$3,157$2,396$777
24 years$6,488$5,005$3,816$2,879$2,154$657
25 years$6,162$4,697$3,534$2,629$1,938$556
26 years$5,862$4,414$3,278$2,404$1,746$471
27 years$5,584$4,154$3,044$2,201$1,574$399
28 years$5,327$3,915$2,829$2,016$1,420$338
29 years$5,088$3,693$2,633$1,849$1,282$286
30 years$4,865$3,488$2,453$1,697$1,159$243
31 years$4,657$3,297$2,286$1,558$1,047$206
32 years$4,463$3,120$2,133$1,432$948$175
33 years$4,280$2,954$1,992$1,317$858$148
34 years$4,109$2,800$1,861$1,212$776$126
35 years$3,948$2,656$1,740$1,115$703$107
36 years$3,796$2,521$1,628$1,027$637$90
37 years$3,653$2,394$1,523$947$577$77
38 years$3,517$2,275$1,427$872$524$65
39 years$3,389$2,164$1,337$804$475$55
40 years$3,268$2,058$1,253$742$431$47
41 years$3,152$1,959$1,175$685$391$40
42 years$3,043$1,866$1,102$632$354$34
43 years$2,939$1,778$1,034$583$322$29
44 years$2,840$1,695$971$538$292$24
45 years$2,745$1,616$911$497$265$21
46 years$2,655$1,542$856$459$241$18
47 years$2,569$1,471$804$424$219$15
48 years$2,487$1,405$756$392$198$13
49 years$2,409$1,341$710$362$180$11
50 years$2,333$1,281$668$335$164$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,390,000, adding $6,725 every year, while hoping to spend $23,724 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: 79/5/16 Blend
65$2,390,000$2,390,000$2,390,000$2,390,000
66$2,640,717$2,514,047$2,477,002$2,839,801
67$2,884,828$2,611,993$2,534,739$3,069,848
68$3,153,043$2,713,943$2,593,616$3,318,504
69$3,447,796$2,820,069$2,653,644$3,590,675
70$3,771,768$2,930,549$2,714,838$3,888,707
71$4,127,912$3,045,570$2,777,209$4,215,183
72$4,519,483$3,165,326$2,840,769$4,572,947
73$4,950,065$3,290,023$2,905,530$4,965,135
74$5,423,609$3,419,871$2,971,503$5,395,198
75$5,944,467$3,555,095$3,038,698$5,866,937
76$6,517,433$3,695,925$3,107,125$6,384,542
77$7,147,790$3,842,604$3,176,793$6,952,625
78$7,841,360$3,995,387$3,247,710$7,576,269
79$8,604,556$4,154,538$3,319,886$8,261,073
80$9,444,443$4,320,333$3,393,325$9,013,204
81$10,368,810$4,493,063$3,468,034$9,839,458
82$11,386,234$4,673,028$3,544,019$10,747,320
83$12,506,169$4,860,546$3,621,283$11,745,037
84$13,739,032$5,055,947$3,699,830$12,841,695
85$15,096,300$5,259,574$3,779,660$14,047,305
86$16,590,619$5,471,790$3,860,776$15,372,897
87$18,235,926$5,692,972$3,943,175$16,830,621
88$20,047,575$5,923,512$4,026,857$18,433,867
89$22,042,488$6,163,824$4,111,816$20,197,386
90$24,239,308$6,414,338$4,198,049$22,137,432
91$26,658,582$6,675,505$4,285,548$24,271,913
92$29,322,948$6,947,795$4,374,304$26,620,563
93$32,257,352$7,231,701$4,464,307$29,205,123
94$35,489,285$7,527,737$4,555,544$32,049,551
95$39,049,038$7,836,442$4,648,001$35,180,243
96$42,969,991$8,158,379$4,741,660$38,626,287
97$47,288,927$8,494,136$4,836,502$42,419,732
98$52,046,378$8,844,329$4,932,505$46,595,895
99$57,287,009$9,209,602$5,029,645$51,193,689
100$63,060,039$9,590,628$5,127,894$56,255,995