Can I retire at age 66 with 2,400,000?

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 $2,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$198,190$196,424$194,702$193,021$191,379$189,539
2 years$98,114$96,286$94,516$92,799$91,133$89,279
3 years$64,759$62,924$61,158$59,457$57,819$56,008
4 years$48,086$46,256$44,507$42,835$41,237$39,484
5 years$38,084$36,265$34,539$32,902$31,347$29,658
6 years$31,418$29,613$27,913$26,312$24,804$23,180
7 years$26,659$24,869$23,196$21,632$20,172$18,614
8 years$23,091$21,318$19,672$18,147$16,735$15,242
9 years$20,318$18,561$16,943$15,457$14,093$12,666
10 years$18,100$16,360$14,772$13,324$12,008$10,645
11 years$16,287$14,565$13,005$11,596$10,327$9,028
12 years$14,777$13,072$11,541$10,171$8,950$7,712
13 years$13,500$11,814$10,311$8,980$7,804$6,627
14 years$12,407$10,738$9,265$7,971$6,841$5,723
15 years$11,460$9,810$8,365$7,109$6,023$4,963
16 years$10,633$9,000$7,584$6,365$5,324$4,318
17 years$9,904$8,289$6,901$5,719$4,720$3,769
18 years$9,256$7,659$6,300$5,154$4,197$3,298
19 years$8,677$7,099$5,767$4,657$3,741$2,892
20 years$8,157$6,596$5,293$4,218$3,341$2,541
21 years$7,687$6,144$4,868$3,828$2,990$2,236
22 years$7,260$5,735$4,487$3,481$2,680$1,970
23 years$6,871$5,364$4,143$3,170$2,406$1,738
24 years$6,515$5,026$3,832$2,891$2,163$1,535
25 years$6,188$4,717$3,549$2,640$1,946$1,357
26 years$5,886$4,433$3,291$2,414$1,753$1,201
27 years$5,607$4,172$3,056$2,210$1,580$1,063
28 years$5,349$3,931$2,841$2,025$1,426$942
29 years$5,109$3,708$2,644$1,857$1,288$835
30 years$4,885$3,502$2,463$1,704$1,163$741
31 years$4,677$3,311$2,296$1,565$1,052$658
32 years$4,481$3,133$2,142$1,438$951$584
33 years$4,298$2,967$2,000$1,323$861$518
34 years$4,126$2,812$1,869$1,217$780$460
35 years$3,964$2,667$1,747$1,120$706$409
36 years$3,812$2,531$1,634$1,032$640$364
37 years$3,668$2,404$1,530$951$580$323
38 years$3,532$2,285$1,433$876$526$287
39 years$3,403$2,173$1,342$808$477$256
40 years$3,281$2,067$1,258$745$432$227
41 years$3,165$1,968$1,180$687$392$202
42 years$3,056$1,874$1,107$634$356$180
43 years$2,951$1,785$1,038$586$323$160
44 years$2,852$1,702$975$541$293$142
45 years$2,757$1,623$915$499$266$127
46 years$2,666$1,548$860$461$242$113
47 years$2,580$1,477$808$426$219$100
48 years$2,498$1,410$759$394$199$89
49 years$2,419$1,347$713$364$181$80
50 years$2,343$1,287$671$336$164$71

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,400,000, adding $5,858 every year, while hoping to spend $38,758 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: 63/28/9 Blend
65$2,400,000$2,400,000$2,400,000$2,400,000
66$2,650,843$2,523,643$2,486,443$2,812,405
67$2,879,990$2,606,063$2,528,500$3,003,443
68$3,131,212$2,691,223$2,570,668$3,206,897
69$3,406,719$2,779,215$2,612,908$3,428,053
70$3,708,945$2,870,138$2,655,181$3,668,626
71$4,040,572$2,964,090$2,697,445$3,930,504
72$4,404,555$3,061,174$2,739,654$4,215,764
73$4,804,147$3,161,500$2,781,760$4,526,691
74$5,242,933$3,265,176$2,823,711$4,865,804
75$5,724,861$3,372,319$2,865,455$5,235,870
76$6,254,281$3,483,046$2,906,932$5,639,941
77$6,835,984$3,597,482$2,948,081$6,081,373
78$7,475,250$3,715,755$2,988,837$6,563,864
79$8,177,894$3,837,995$3,029,131$7,091,482
80$8,950,323$3,964,340$3,068,891$7,668,709
81$9,799,596$4,094,933$3,108,038$8,300,481
82$10,733,489$4,229,919$3,146,492$8,992,233
83$11,760,571$4,369,451$3,184,165$9,749,950
84$12,890,281$4,513,686$3,220,967$10,580,224
85$14,133,021$4,662,788$3,256,801$11,490,314
86$15,500,251$4,816,926$3,291,565$12,488,218
87$17,004,596$4,976,275$3,325,152$13,582,742
88$18,659,969$5,141,016$3,357,449$14,783,589
89$20,481,698$5,311,339$3,388,336$16,101,445
90$22,486,674$5,487,437$3,417,688$17,548,081
91$24,693,507$5,669,513$3,445,372$19,136,466
92$27,122,702$5,857,777$3,471,249$20,880,884
93$29,796,854$6,052,444$3,495,173$22,797,072
94$32,740,860$6,253,741$3,516,988$24,902,368
95$35,982,154$6,461,901$3,536,533$27,215,870
96$39,550,964$6,677,164$3,553,638$29,758,621
97$43,480,600$6,899,782$3,568,122$32,553,803
98$47,807,764$7,130,015$3,579,798$35,626,957
99$52,572,902$7,368,132$3,588,467$39,006,223
100$57,820,580$7,614,412$3,593,922$42,722,605