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%13.5%
1 years$197,364$195,606$193,891$192,217$190,582$187,811
2 years$97,705$95,885$94,122$92,412$90,753$87,968
3 years$64,490$62,662$60,903$59,209$57,578$54,864
4 years$47,885$46,063$44,322$42,657$41,065$38,444
5 years$37,925$36,114$34,396$32,765$31,217$28,696
6 years$31,287$29,490$27,797$26,202$24,701$22,283
7 years$26,548$24,766$23,099$21,542$20,088$17,775
8 years$22,995$21,229$19,590$18,071$16,665$14,455
9 years$20,233$18,483$16,873$15,393$14,035$11,927
10 years$18,025$16,292$14,710$13,269$11,958$9,952
11 years$16,219$14,504$12,951$11,548$10,284$8,377
12 years$14,715$13,018$11,493$10,129$8,912$7,101
13 years$13,444$11,764$10,268$8,942$7,772$6,055
14 years$12,355$10,694$9,226$7,938$6,813$5,187
15 years$11,413$9,769$8,330$7,079$5,998$4,462
16 years$10,589$8,963$7,552$6,339$5,301$3,851
17 years$9,862$8,254$6,872$5,695$4,701$3,332
18 years$9,217$7,627$6,274$5,133$4,180$2,891
19 years$8,641$7,069$5,743$4,638$3,725$2,513
20 years$8,123$6,569$5,271$4,200$3,327$2,188
21 years$7,655$6,119$4,848$3,812$2,978$1,908
22 years$7,230$5,711$4,468$3,466$2,669$1,666
23 years$6,842$5,342$4,126$3,157$2,396$1,457
24 years$6,488$5,005$3,816$2,879$2,154$1,275
25 years$6,162$4,697$3,534$2,629$1,938$1,117
26 years$5,862$4,414$3,278$2,404$1,746$979
27 years$5,584$4,154$3,044$2,201$1,574$858
28 years$5,327$3,915$2,829$2,016$1,420$753
29 years$5,088$3,693$2,633$1,849$1,282$661
30 years$4,865$3,488$2,453$1,697$1,159$581
31 years$4,657$3,297$2,286$1,558$1,047$510
32 years$4,463$3,120$2,133$1,432$948$449
33 years$4,280$2,954$1,992$1,317$858$394
34 years$4,109$2,800$1,861$1,212$776$347
35 years$3,948$2,656$1,740$1,115$703$305
36 years$3,796$2,521$1,628$1,027$637$268
37 years$3,653$2,394$1,523$947$577$236
38 years$3,517$2,275$1,427$872$524$208
39 years$3,389$2,164$1,337$804$475$183
40 years$3,268$2,058$1,253$742$431$161
41 years$3,152$1,959$1,175$685$391$142
42 years$3,043$1,866$1,102$632$354$125
43 years$2,939$1,778$1,034$583$322$110
44 years$2,840$1,695$971$538$292$97
45 years$2,745$1,616$911$497$265$85
46 years$2,655$1,542$856$459$241$75
47 years$2,569$1,471$804$424$219$66
48 years$2,487$1,405$756$392$198$58
49 years$2,409$1,341$710$362$180$51
50 years$2,333$1,281$668$335$164$45

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 $2,117 every year, while hoping to spend $25,762 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: 53/36/11 Blend
65$2,390,000$2,390,000$2,390,000$2,390,000
66$2,635,964$2,509,294$2,472,249$2,768,064
67$2,877,421$2,604,839$2,527,658$2,953,701
68$3,142,644$2,704,202$2,584,061$3,152,608
69$3,434,029$2,807,543$2,641,462$3,368,413
70$3,754,217$2,915,029$2,699,868$3,602,722
71$4,106,116$3,026,835$2,759,283$3,857,300
72$4,492,932$3,143,141$2,819,710$4,134,089
73$4,918,194$3,264,138$2,881,154$4,435,223
74$5,385,793$3,390,024$2,943,616$4,763,048
75$5,900,015$3,521,006$3,007,097$5,120,145
76$6,465,580$3,657,299$3,071,599$5,509,356
77$7,087,692$3,799,129$3,137,120$5,933,802
78$7,772,082$3,946,732$3,203,659$6,396,920
79$8,525,064$4,100,352$3,271,212$6,902,492
80$9,353,599$4,260,248$3,339,776$7,454,678
81$10,265,352$4,426,685$3,409,344$8,058,056
82$11,268,770$4,599,946$3,479,910$8,717,665
83$12,373,163$4,780,321$3,551,464$9,439,052
84$13,588,785$4,968,116$3,623,998$10,228,320
85$14,926,938$5,163,651$3,697,499$11,092,190
86$16,400,074$5,367,258$3,771,953$12,038,058
87$18,021,912$5,579,285$3,847,345$13,074,067
88$19,807,573$5,800,096$3,923,657$14,209,184
89$21,773,716$6,030,070$4,000,869$15,453,279
90$23,938,696$6,269,605$4,078,960$16,817,222
91$26,322,743$6,519,115$4,157,904$18,312,981
92$28,948,145$6,779,034$4,237,676$19,953,735
93$31,839,462$7,049,814$4,318,245$21,753,996
94$35,023,761$7,331,928$4,399,580$23,729,747
95$38,530,863$7,625,871$4,481,644$25,898,589
96$42,393,632$7,932,159$4,564,400$28,279,908
97$46,648,280$8,251,333$4,647,806$30,895,053
98$51,334,714$8,583,958$4,731,816$33,767,540
99$56,496,906$8,930,622$4,816,383$36,923,268
100$62,183,311$9,291,944$4,901,453$40,390,767