Can I retire at age 66 with 2,410,000?

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 $2,410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$199,016$197,243$195,513$193,825$192,177$189,697
2 years$98,523$96,688$94,909$93,185$91,513$89,018
3 years$65,029$63,186$61,413$59,705$58,059$55,627
4 years$48,286$46,449$44,693$43,014$41,408$39,057
5 years$38,243$36,416$34,683$33,039$31,478$29,215
6 years$31,549$29,737$28,029$26,421$24,908$22,735
7 years$26,770$24,973$23,292$21,722$20,256$18,176
8 years$23,187$21,406$19,754$18,222$16,805$14,815
9 years$20,402$18,638$17,014$15,521$14,152$12,253
10 years$18,175$16,429$14,833$13,380$12,058$10,249
11 years$16,355$14,625$13,059$11,644$10,370$8,648
12 years$14,839$13,127$11,589$10,214$8,987$7,350
13 years$13,557$11,863$10,354$9,017$7,837$6,284
14 years$12,459$10,783$9,303$8,004$6,870$5,398
15 years$11,508$9,851$8,400$7,138$6,049$4,656
16 years$10,677$9,038$7,616$6,392$5,346$4,029
17 years$9,945$8,323$6,930$5,743$4,740$3,497
18 years$9,294$7,691$6,326$5,176$4,214$3,042
19 years$8,713$7,128$5,791$4,677$3,756$2,652
20 years$8,191$6,624$5,315$4,236$3,355$2,316
21 years$7,719$6,170$4,889$3,844$3,003$2,026
22 years$7,290$5,759$4,506$3,495$2,691$1,775
23 years$6,899$5,387$4,160$3,183$2,416$1,556
24 years$6,542$5,047$3,848$2,903$2,172$1,366
25 years$6,213$4,736$3,564$2,651$1,954$1,200
26 years$5,911$4,451$3,305$2,424$1,760$1,055
27 years$5,631$4,189$3,069$2,219$1,587$928
28 years$5,371$3,947$2,853$2,033$1,432$817
29 years$5,130$3,724$2,655$1,864$1,293$720
30 years$4,906$3,517$2,473$1,711$1,168$634
31 years$4,696$3,325$2,306$1,571$1,056$559
32 years$4,500$3,146$2,151$1,444$955$493
33 years$4,316$2,979$2,008$1,328$865$435
34 years$4,143$2,823$1,877$1,222$783$384
35 years$3,981$2,678$1,755$1,125$709$339
36 years$3,828$2,542$1,641$1,036$642$299
37 years$3,683$2,414$1,536$954$582$264
38 years$3,547$2,294$1,439$880$528$233
39 years$3,417$2,182$1,348$811$479$206
40 years$3,295$2,076$1,263$748$434$182
41 years$3,179$1,976$1,185$690$394$161
42 years$3,068$1,882$1,111$637$357$142
43 years$2,963$1,793$1,043$588$324$125
44 years$2,863$1,709$979$543$294$111
45 years$2,768$1,630$919$501$267$98
46 years$2,677$1,555$863$463$243$87
47 years$2,591$1,484$811$428$220$77
48 years$2,508$1,416$762$395$200$68
49 years$2,429$1,353$716$365$182$60
50 years$2,353$1,292$673$338$165$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,410,000, adding $6,664 every year, while hoping to spend $50,720 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: 70/11/19 Blend
65$2,410,000$2,410,000$2,410,000$2,410,000
66$2,662,694$2,534,964$2,497,609$2,836,383
67$2,880,323$2,605,211$2,527,313$3,023,260
68$3,118,450$2,677,201$2,556,313$3,221,094
69$3,379,113$2,750,965$2,584,530$3,436,368
70$3,664,555$2,826,535$2,611,884$3,670,799
71$3,977,246$2,903,941$2,638,289$3,926,281
72$4,319,907$2,983,216$2,663,653$4,204,898
73$4,695,535$3,064,391$2,687,883$4,508,947
74$5,107,429$3,147,496$2,710,876$4,840,957
75$5,559,224$3,232,560$2,732,528$5,203,715
76$6,054,924$3,319,615$2,752,726$5,600,290
77$6,598,937$3,408,687$2,771,354$6,034,065
78$7,196,122$3,499,806$2,788,288$6,508,766
79$7,851,829$3,592,999$2,803,398$7,028,497
80$8,571,952$3,688,292$2,816,548$7,597,783
81$9,362,983$3,785,710$2,827,594$8,221,606
82$10,232,075$3,885,278$2,836,386$8,905,458
83$11,187,108$3,987,018$2,842,766$9,655,387
84$12,236,761$4,090,950$2,846,568$10,478,062
85$13,390,600$4,197,095$2,847,616$11,380,826
86$14,659,159$4,305,471$2,845,729$12,371,774
87$16,054,046$4,416,092$2,840,715$13,459,825
88$17,588,051$4,528,974$2,832,371$14,654,807
89$19,275,265$4,644,125$2,820,488$15,967,548
90$21,131,211$4,761,556$2,804,843$17,409,983
91$23,172,994$4,881,272$2,785,205$18,995,261
92$25,419,461$5,003,276$2,761,331$20,737,873
93$27,891,376$5,127,567$2,732,965$22,653,787
94$30,611,619$5,254,140$2,699,843$24,760,600
95$33,605,400$5,382,989$2,661,683$27,077,704
96$36,900,495$5,514,100$2,618,194$29,626,466
97$40,527,511$5,647,456$2,569,069$32,430,436
98$44,520,173$5,783,037$2,513,988$35,515,562
99$48,915,640$5,920,815$2,452,616$38,910,442
100$53,754,858$6,060,759$2,384,602$42,646,589