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

Use the below retirement simulation to view the chances of a successful retirement.
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%17.1%
1 years$199,016$197,243$195,513$193,825$192,177$186,623
2 years$98,523$96,688$94,909$93,185$91,513$85,962
3 years$65,029$63,186$61,413$59,705$58,059$52,685
4 years$48,286$46,449$44,693$43,014$41,408$36,252
5 years$38,243$36,416$34,683$33,039$31,478$26,553
6 years$31,549$29,737$28,029$26,421$24,908$20,219
7 years$26,770$24,973$23,292$21,722$20,256$15,804
8 years$23,187$21,406$19,754$18,222$16,805$12,586
9 years$20,402$18,638$17,014$15,521$14,152$10,163
10 years$18,175$16,429$14,833$13,380$12,058$8,293
11 years$16,355$14,625$13,059$11,644$10,370$6,823
12 years$14,839$13,127$11,589$10,214$8,987$5,650
13 years$13,557$11,863$10,354$9,017$7,837$4,704
14 years$12,459$10,783$9,303$8,004$6,870$3,932
15 years$11,508$9,851$8,400$7,138$6,049$3,299
16 years$10,677$9,038$7,616$6,392$5,346$2,775
17 years$9,945$8,323$6,930$5,743$4,740$2,340
18 years$9,294$7,691$6,326$5,176$4,214$1,977
19 years$8,713$7,128$5,791$4,677$3,756$1,673
20 years$8,191$6,624$5,315$4,236$3,355$1,418
21 years$7,719$6,170$4,889$3,844$3,003$1,203
22 years$7,290$5,759$4,506$3,495$2,691$1,022
23 years$6,899$5,387$4,160$3,183$2,416$869
24 years$6,542$5,047$3,848$2,903$2,172$739
25 years$6,213$4,736$3,564$2,651$1,954$629
26 years$5,911$4,451$3,305$2,424$1,760$535
27 years$5,631$4,189$3,069$2,219$1,587$456
28 years$5,371$3,947$2,853$2,033$1,432$389
29 years$5,130$3,724$2,655$1,864$1,293$331
30 years$4,906$3,517$2,473$1,711$1,168$283
31 years$4,696$3,325$2,306$1,571$1,056$241
32 years$4,500$3,146$2,151$1,444$955$206
33 years$4,316$2,979$2,008$1,328$865$175
34 years$4,143$2,823$1,877$1,222$783$150
35 years$3,981$2,678$1,755$1,125$709$128
36 years$3,828$2,542$1,641$1,036$642$109
37 years$3,683$2,414$1,536$954$582$93
38 years$3,547$2,294$1,439$880$528$79
39 years$3,417$2,182$1,348$811$479$68
40 years$3,295$2,076$1,263$748$434$58
41 years$3,179$1,976$1,185$690$394$49
42 years$3,068$1,882$1,111$637$357$42
43 years$2,963$1,793$1,043$588$324$36
44 years$2,863$1,709$979$543$294$31
45 years$2,768$1,630$919$501$267$26
46 years$2,677$1,555$863$463$243$22
47 years$2,591$1,484$811$428$220$19
48 years$2,508$1,416$762$395$200$16
49 years$2,429$1,353$716$365$182$14
50 years$2,353$1,292$673$338$165$12

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 $6,284 every year, while hoping to spend $21,271 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: 64/27/9 Blend
65$2,410,000$2,410,000$2,410,000$2,410,000
66$2,662,302$2,534,572$2,497,217$2,827,285
67$2,911,225$2,636,134$2,558,242$3,039,661
68$3,184,824$2,741,959$2,620,598$3,268,456
69$3,485,596$2,852,235$2,684,307$3,517,804
70$3,816,288$2,967,155$2,749,392$3,789,699
71$4,179,928$3,086,924$2,815,876$4,086,337
72$4,579,852$3,211,755$2,883,779$4,410,133
73$5,019,736$3,341,870$2,953,125$4,763,744
74$5,503,629$3,477,502$3,023,934$5,150,096
75$6,035,994$3,618,894$3,096,231$5,572,406
76$6,621,746$3,766,301$3,170,035$6,034,214
77$7,266,302$3,919,988$3,245,370$6,539,420
78$7,975,631$4,080,234$3,322,256$7,092,313
79$8,756,309$4,247,329$3,400,715$7,697,615
80$9,615,582$4,421,577$3,480,768$8,360,526
81$10,561,434$4,603,296$3,562,436$9,086,768
82$11,602,662$4,792,820$3,645,739$9,882,642
83$12,748,959$4,990,494$3,730,698$10,755,085
84$14,011,009$5,196,684$3,817,332$11,711,736
85$15,400,579$5,411,769$3,905,660$12,761,005
86$16,930,640$5,636,147$3,995,702$13,912,154
87$18,615,482$5,870,235$4,087,474$15,175,381
88$20,470,852$6,114,468$4,180,995$16,561,917
89$22,514,103$6,369,300$4,276,282$18,084,132
90$24,764,354$6,635,209$4,373,351$19,755,647
91$27,242,676$6,912,692$4,472,216$21,591,464
92$29,972,287$7,202,272$4,572,893$23,608,108
93$32,978,770$7,504,493$4,675,395$25,823,779
94$36,290,317$7,819,926$4,779,733$28,258,522
95$39,937,995$8,149,168$4,885,920$30,934,419
96$43,956,037$8,492,844$4,993,965$33,875,791
97$48,382,168$8,851,607$5,103,877$37,109,431
98$53,257,955$9,226,143$5,215,664$40,664,852
99$58,629,209$9,617,166$5,329,331$44,574,564
100$64,546,407$10,025,426$5,444,882$48,874,382