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%16.2%
1 years$202,319$200,517$198,758$197,042$195,366$190,412
2 years$100,158$98,292$96,485$94,732$93,032$88,072
3 years$66,109$64,235$62,432$60,696$59,023$54,214
4 years$49,087$47,220$45,434$43,728$42,096$37,474
5 years$38,877$37,021$35,259$33,587$32,001$27,578
6 years$32,073$30,230$28,495$26,860$25,321$21,103
7 years$27,214$25,387$23,679$22,083$20,593$16,580
8 years$23,572$21,762$20,082$18,525$17,084$13,274
9 years$20,741$18,947$17,296$15,779$14,387$10,777
10 years$18,477$16,701$15,079$13,602$12,258$8,843
11 years$16,626$14,868$13,276$11,838$10,543$7,318
12 years$15,085$13,345$11,782$10,383$9,136$6,096
13 years$13,782$12,060$10,526$9,167$7,967$5,106
14 years$12,666$10,962$9,458$8,137$6,984$4,295
15 years$11,699$10,014$8,539$7,257$6,149$3,626
16 years$10,854$9,188$7,742$6,498$5,434$3,070
17 years$10,110$8,462$7,045$5,838$4,819$2,606
18 years$9,449$7,819$6,431$5,261$4,284$2,216
19 years$8,858$7,246$5,887$4,754$3,819$1,888
20 years$8,327$6,734$5,403$4,306$3,411$1,611
21 years$7,847$6,272$4,970$3,908$3,052$1,377
22 years$7,411$5,855$4,580$3,553$2,736$1,177
23 years$7,014$5,476$4,229$3,236$2,456$1,008
24 years$6,650$5,131$3,911$2,951$2,208$863
25 years$6,316$4,815$3,623$2,695$1,987$740
26 years$6,009$4,525$3,360$2,464$1,789$635
27 years$5,724$4,259$3,120$2,256$1,613$545
28 years$5,461$4,013$2,900$2,067$1,456$468
29 years$5,215$3,786$2,699$1,895$1,314$402
30 years$4,987$3,575$2,514$1,739$1,188$345
31 years$4,774$3,380$2,344$1,597$1,074$296
32 years$4,575$3,198$2,187$1,468$971$255
33 years$4,388$3,029$2,042$1,350$879$219
34 years$4,212$2,870$1,908$1,242$796$188
35 years$4,047$2,722$1,784$1,143$721$162
36 years$3,891$2,584$1,669$1,053$653$139
37 years$3,744$2,454$1,562$970$592$120
38 years$3,605$2,332$1,462$894$537$103
39 years$3,474$2,218$1,370$825$487$89
40 years$3,350$2,110$1,284$761$441$76
41 years$3,231$2,009$1,204$702$400$66
42 years$3,119$1,913$1,130$648$363$56
43 years$3,013$1,823$1,060$598$330$49
44 years$2,911$1,737$995$552$299$42
45 years$2,814$1,657$934$510$272$36
46 years$2,722$1,580$877$471$247$31
47 years$2,634$1,508$824$435$224$27
48 years$2,550$1,440$775$402$203$23
49 years$2,469$1,375$728$372$185$20
50 years$2,392$1,313$685$343$168$17

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 $3,368 every year, while hoping to spend $26,744 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: 77/18/5 Blend
65$2,450,000$2,450,000$2,450,000$2,450,000
66$2,703,374$2,573,524$2,535,549$2,910,569
67$2,950,663$2,671,171$2,592,035$3,144,603
68$3,222,279$2,772,707$2,649,516$3,397,302
69$3,520,675$2,878,293$2,707,998$3,673,544
70$3,848,554$2,988,100$2,767,486$3,975,655
71$4,208,892$3,102,303$2,827,983$4,306,194
72$4,604,971$3,221,087$2,889,492$4,667,981
73$5,040,403$3,344,645$2,952,015$5,064,116
74$5,519,169$3,473,178$3,015,553$5,498,017
75$6,045,655$3,606,895$3,080,105$5,973,446
76$6,624,695$3,746,016$3,145,671$6,494,543
77$7,261,611$3,890,768$3,212,249$7,065,870
78$7,962,271$4,041,391$3,279,835$7,692,450
79$8,733,138$4,198,134$3,348,424$8,379,814
80$9,581,332$4,361,257$3,418,010$9,134,053
81$10,514,701$4,531,031$3,488,586$9,961,877
82$11,541,889$4,707,741$3,560,143$10,870,675
83$12,672,423$4,891,682$3,632,670$11,868,585
84$13,916,800$5,083,163$3,706,154$12,964,572
85$15,286,585$5,282,509$3,780,581$14,168,511
86$16,794,521$5,490,057$3,855,934$15,491,278
87$18,454,650$5,706,158$3,932,197$16,944,853
88$20,282,446$5,931,182$4,009,347$18,542,435
89$22,294,959$6,165,512$4,087,363$20,298,563
90$24,510,974$6,409,552$4,166,219$22,229,253
91$26,951,193$6,663,720$4,245,887$24,352,148
92$29,638,428$6,928,455$4,326,338$26,686,687
93$32,597,815$7,204,216$4,407,537$29,254,284
94$35,857,051$7,491,482$4,489,449$32,078,529
95$39,446,659$7,790,753$4,572,034$35,185,415
96$43,400,270$8,102,553$4,655,250$38,603,577
97$47,754,947$8,427,427$4,739,049$42,364,564
98$52,551,528$8,765,947$4,823,384$46,503,134
99$57,835,016$9,118,711$4,908,199$51,057,585
100$63,655,001$9,486,341$4,993,438$56,070,112