Can I retire at age 66 with 2,430,000?

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 $2,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$200,667$198,880$197,136$195,434$193,772$191,748
2 years$99,340$97,490$95,697$93,958$92,272$90,234
3 years$65,569$63,711$61,922$60,200$58,541$56,552
4 years$48,687$46,834$45,064$43,371$41,752$39,828
5 years$38,560$36,719$34,971$33,313$31,739$29,885
6 years$31,811$29,983$28,262$26,641$25,114$23,332
7 years$26,992$25,180$23,486$21,903$20,425$18,715
8 years$23,380$21,584$19,918$18,374$16,944$15,308
9 years$20,571$18,793$17,155$15,650$14,269$12,705
10 years$18,326$16,565$14,956$13,491$12,158$10,665
11 years$16,490$14,747$13,167$11,741$10,457$9,034
12 years$14,962$13,236$11,686$10,298$9,061$7,707
13 years$13,669$11,961$10,440$9,092$7,902$6,615
14 years$12,562$10,873$9,381$8,071$6,927$5,705
15 years$11,604$9,932$8,469$7,198$6,099$4,940
16 years$10,766$9,113$7,679$6,445$5,390$4,293
17 years$10,027$8,392$6,987$5,791$4,779$3,741
18 years$9,372$7,755$6,379$5,218$4,249$3,269
19 years$8,786$7,187$5,839$4,715$3,788$2,862
20 years$8,259$6,679$5,359$4,271$3,383$2,511
21 years$7,783$6,221$4,929$3,876$3,028$2,206
22 years$7,351$5,807$4,543$3,524$2,714$1,941
23 years$6,957$5,431$4,195$3,209$2,436$1,710
24 years$6,596$5,089$3,879$2,927$2,190$1,508
25 years$6,265$4,775$3,593$2,673$1,970$1,331
26 years$5,960$4,488$3,332$2,444$1,775$1,176
27 years$5,677$4,224$3,094$2,237$1,600$1,040
28 years$5,416$3,980$2,877$2,050$1,444$920
29 years$5,173$3,755$2,677$1,880$1,304$814
30 years$4,946$3,546$2,494$1,725$1,178$721
31 years$4,735$3,352$2,325$1,584$1,065$639
32 years$4,537$3,172$2,169$1,456$963$566
33 years$4,352$3,004$2,025$1,339$872$502
34 years$4,178$2,847$1,892$1,232$789$445
35 years$4,014$2,700$1,769$1,134$715$395
36 years$3,859$2,563$1,655$1,045$648$350
37 years$3,714$2,434$1,549$962$587$311
38 years$3,576$2,313$1,451$887$532$276
39 years$3,446$2,200$1,359$818$483$245
40 years$3,322$2,093$1,274$754$438$218
41 years$3,205$1,992$1,194$696$397$193
42 years$3,094$1,897$1,120$642$360$172
43 years$2,988$1,808$1,051$593$327$152
44 years$2,887$1,723$987$548$297$135
45 years$2,791$1,643$927$506$270$120
46 years$2,700$1,568$870$467$245$107
47 years$2,612$1,496$818$432$222$95
48 years$2,529$1,428$768$399$202$84
49 years$2,449$1,364$722$369$183$75
50 years$2,373$1,303$679$341$166$67

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,430,000, adding $6,822 every year, while hoping to spend $34,487 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: 56/18/26 Blend
65$2,430,000$2,430,000$2,430,000$2,430,000
66$2,684,897$2,556,107$2,518,442$2,815,753
67$2,922,062$2,644,662$2,566,116$2,994,908
68$3,182,263$2,736,401$2,614,231$3,185,821
69$3,467,812$2,831,443$2,662,766$3,393,115
70$3,781,257$2,929,911$2,711,696$3,618,381
71$4,125,405$3,031,937$2,760,998$3,863,369
72$4,503,347$3,137,653$2,810,642$4,130,003
73$4,918,490$3,247,199$2,860,600$4,420,406
74$5,374,585$3,360,721$2,910,839$4,736,910
75$5,875,765$3,478,369$2,961,325$5,082,086
76$6,426,585$3,600,301$3,012,021$5,458,764
77$7,032,060$3,726,679$3,062,888$5,870,060
78$7,697,718$3,857,674$3,113,882$6,319,406
79$8,429,647$3,993,461$3,164,959$6,810,579
80$9,234,555$4,134,226$3,216,069$7,347,743
81$10,119,835$4,280,157$3,267,162$7,935,479
82$11,093,628$4,431,456$3,318,183$8,578,838
83$12,164,908$4,588,327$3,369,072$9,283,379
84$13,343,560$4,750,986$3,419,767$10,055,226
85$14,640,477$4,919,658$3,470,203$10,901,126
86$16,067,658$5,094,574$3,520,308$11,828,511
87$17,638,329$5,275,978$3,570,007$12,845,566
88$19,367,059$5,464,121$3,619,223$13,961,310
89$21,269,902$5,659,266$3,667,870$15,185,677
90$23,364,549$5,861,687$3,715,860$16,529,613
91$25,670,490$6,071,667$3,763,099$18,005,174
92$28,209,205$6,289,503$3,809,487$19,625,644
93$31,004,358$6,515,503$3,854,920$21,405,658
94$34,082,029$6,749,989$3,899,286$23,361,340
95$37,470,951$6,993,294$3,942,467$25,510,455
96$41,202,790$7,245,766$3,984,341$27,872,577
97$45,312,434$7,507,769$4,024,776$30,469,269
98$49,838,331$7,779,678$4,063,635$33,324,293
99$54,822,847$8,061,889$4,100,773$36,463,830
100$60,312,665$8,354,809$4,136,036$39,916,724