Can I retire at age 66 with 2,450,000?

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 $2,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$202,319$200,517$198,758$197,042$195,366$193,973
2 years$100,158$98,292$96,485$94,732$93,032$91,626
3 years$66,109$64,235$62,432$60,696$59,023$57,650
4 years$49,087$47,220$45,434$43,728$42,096$40,765
5 years$38,877$37,021$35,259$33,587$32,001$30,716
6 years$32,073$30,230$28,495$26,860$25,321$24,084
7 years$27,214$25,387$23,679$22,083$20,593$19,405
8 years$23,572$21,762$20,082$18,525$17,084$15,944
9 years$20,741$18,947$17,296$15,779$14,387$13,296
10 years$18,477$16,701$15,079$13,602$12,258$11,215
11 years$16,626$14,868$13,276$11,838$10,543$9,546
12 years$15,085$13,345$11,782$10,383$9,136$8,185
13 years$13,782$12,060$10,526$9,167$7,967$7,061
14 years$12,666$10,962$9,458$8,137$6,984$6,122
15 years$11,699$10,014$8,539$7,257$6,149$5,330
16 years$10,854$9,188$7,742$6,498$5,434$4,657
17 years$10,110$8,462$7,045$5,838$4,819$4,082
18 years$9,449$7,819$6,431$5,261$4,284$3,587
19 years$8,858$7,246$5,887$4,754$3,819$3,159
20 years$8,327$6,734$5,403$4,306$3,411$2,787
21 years$7,847$6,272$4,970$3,908$3,052$2,464
22 years$7,411$5,855$4,580$3,553$2,736$2,181
23 years$7,014$5,476$4,229$3,236$2,456$1,933
24 years$6,650$5,131$3,911$2,951$2,208$1,715
25 years$6,316$4,815$3,623$2,695$1,987$1,523
26 years$6,009$4,525$3,360$2,464$1,789$1,354
27 years$5,724$4,259$3,120$2,256$1,613$1,205
28 years$5,461$4,013$2,900$2,067$1,456$1,073
29 years$5,215$3,786$2,699$1,895$1,314$956
30 years$4,987$3,575$2,514$1,739$1,188$852
31 years$4,774$3,380$2,344$1,597$1,074$760
32 years$4,575$3,198$2,187$1,468$971$678
33 years$4,388$3,029$2,042$1,350$879$605
34 years$4,212$2,870$1,908$1,242$796$540
35 years$4,047$2,722$1,784$1,143$721$482
36 years$3,891$2,584$1,669$1,053$653$431
37 years$3,744$2,454$1,562$970$592$385
38 years$3,605$2,332$1,462$894$537$344
39 years$3,474$2,218$1,370$825$487$307
40 years$3,350$2,110$1,284$761$441$275
41 years$3,231$2,009$1,204$702$400$246
42 years$3,119$1,913$1,130$648$363$220
43 years$3,013$1,823$1,060$598$330$197
44 years$2,911$1,737$995$552$299$176
45 years$2,814$1,657$934$510$272$157
46 years$2,722$1,580$877$471$247$141
47 years$2,634$1,508$824$435$224$126
48 years$2,550$1,440$775$402$203$113
49 years$2,469$1,375$728$372$185$101
50 years$2,392$1,313$685$343$168$90

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,450,000, adding $6,835 every year, while hoping to spend $34,729 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: 71/6/23 Blend
65$2,450,000$2,450,000$2,450,000$2,450,000
66$2,706,950$2,577,100$2,539,125$2,883,152
67$2,946,108$2,666,427$2,587,235$3,090,987
68$3,208,495$2,758,966$2,635,792$3,313,747
69$3,496,446$2,854,840$2,684,775$3,556,823
70$3,812,529$2,954,172$2,734,160$3,822,227
71$4,159,575$3,057,095$2,783,923$4,112,175
72$4,540,702$3,163,743$2,834,034$4,429,111
73$4,959,345$3,274,258$2,884,466$4,775,722
74$5,419,287$3,388,785$2,935,184$5,154,971
75$5,924,698$3,507,479$2,986,156$5,570,121
76$6,480,168$3,630,497$3,037,344$6,024,766
77$7,090,758$3,758,003$3,088,707$6,522,866
78$7,762,040$3,890,171$3,140,204$7,068,782
79$8,500,156$4,027,177$3,191,789$7,667,320
80$9,311,871$4,169,208$3,243,413$8,323,774
81$10,204,640$4,316,457$3,295,025$9,043,974
82$11,186,673$4,469,123$3,346,569$9,834,347
83$12,267,021$4,627,418$3,397,986$10,701,972
84$13,455,652$4,791,556$3,449,213$11,654,648
85$14,763,552$4,961,766$3,500,185$12,700,968
86$16,202,823$5,138,281$3,550,830$13,850,400
87$17,786,802$5,321,348$3,601,074$15,113,376
88$19,530,182$5,511,220$3,650,836$16,501,391
89$21,449,155$5,708,164$3,700,033$18,027,108
90$23,561,560$5,912,455$3,748,575$19,704,484
91$25,887,054$6,124,381$3,796,368$21,548,894
92$28,447,299$6,344,241$3,843,312$23,577,282
93$31,266,162$6,572,346$3,889,301$25,808,315
94$34,369,941$6,809,022$3,934,223$28,262,565
95$37,787,617$7,054,606$3,977,962$30,962,700
96$41,551,122$7,309,450$4,020,392$33,933,698
97$45,695,644$7,573,920$4,061,382$37,203,081
98$50,259,955$7,848,398$4,100,793$40,801,179
99$55,286,782$8,133,281$4,138,481$44,761,411
100$60,823,204$8,428,982$4,174,291$49,120,603