Can I retire at age 66 with 2,460,000?

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 $2,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$203,145$201,335$199,570$197,846$196,164$194,439
2 years$100,567$98,694$96,878$95,118$93,411$91,673
3 years$66,378$64,497$62,687$60,943$59,264$57,567
4 years$49,288$47,412$45,620$43,906$42,268$40,624
5 years$39,036$37,172$35,403$33,724$32,131$30,546
6 years$32,204$30,354$28,611$26,970$25,424$23,899
7 years$27,325$25,491$23,776$22,173$20,677$19,213
8 years$23,668$21,850$20,164$18,600$17,153$15,751
9 years$20,825$19,025$17,367$15,843$14,446$13,104
10 years$18,552$16,769$15,141$13,657$12,308$11,026
11 years$16,694$14,929$13,330$11,886$10,586$9,363
12 years$15,146$13,399$11,830$10,426$9,173$8,008
13 years$13,838$12,109$10,569$9,204$7,999$6,891
14 years$12,717$11,007$9,496$8,170$7,012$5,958
15 years$11,747$10,055$8,574$7,287$6,174$5,174
16 years$10,899$9,225$7,774$6,524$5,457$4,508
17 years$10,151$8,496$7,074$5,862$4,838$3,940
18 years$9,487$7,851$6,457$5,283$4,302$3,453
19 years$8,894$7,276$5,911$4,774$3,834$3,032
20 years$8,361$6,761$5,425$4,323$3,425$2,667
21 years$7,879$6,298$4,990$3,924$3,065$2,351
22 years$7,441$5,879$4,599$3,568$2,747$2,075
23 years$7,043$5,498$4,247$3,249$2,466$1,833
24 years$6,678$5,152$3,927$2,963$2,217$1,622
25 years$6,342$4,834$3,637$2,706$1,995$1,436
26 years$6,033$4,544$3,374$2,474$1,797$1,273
27 years$5,748$4,276$3,133$2,265$1,620$1,129
28 years$5,483$4,029$2,912$2,075$1,462$1,002
29 years$5,237$3,801$2,710$1,903$1,320$889
30 years$5,007$3,590$2,524$1,746$1,193$790
31 years$4,793$3,394$2,353$1,604$1,078$702
32 years$4,593$3,211$2,196$1,474$975$625
33 years$4,405$3,041$2,050$1,356$883$556
34 years$4,229$2,882$1,916$1,247$799$494
35 years$4,063$2,734$1,791$1,148$724$440
36 years$3,907$2,595$1,675$1,057$656$392
37 years$3,760$2,464$1,568$974$594$349
38 years$3,620$2,342$1,468$898$539$311
39 years$3,488$2,227$1,376$828$489$277
40 years$3,363$2,119$1,290$764$443$247
41 years$3,245$2,017$1,209$705$402$220
42 years$3,132$1,921$1,134$650$365$196
43 years$3,025$1,830$1,064$600$331$174
44 years$2,923$1,744$999$554$301$156
45 years$2,826$1,664$938$512$273$139
46 years$2,733$1,587$881$473$248$124
47 years$2,645$1,514$828$437$225$110
48 years$2,560$1,446$778$404$204$98
49 years$2,479$1,381$731$373$186$88
50 years$2,402$1,319$687$345$169$78

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,460,000, adding $2,513 every year, while hoping to spend $43,193 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: 69/21/10 Blend
65$2,460,000$2,460,000$2,460,000$2,460,000
66$2,713,512$2,583,132$2,545,002$2,895,147
67$2,944,333$2,663,749$2,584,303$3,096,558
68$3,197,251$2,746,868$2,623,472$3,311,352
69$3,474,472$2,832,566$2,662,461$3,545,179
70$3,778,430$2,920,924$2,701,215$3,799,902
71$4,111,803$3,012,022$2,739,679$4,077,568
72$4,477,541$3,105,945$2,777,792$4,380,435
73$4,878,894$3,202,780$2,815,492$4,710,986
74$5,319,441$3,302,616$2,852,711$5,071,955
75$5,803,126$3,405,546$2,889,378$5,466,354
76$6,334,291$3,511,664$2,925,418$5,897,499
77$6,917,720$3,621,068$2,960,752$6,369,040
78$7,558,686$3,733,858$2,995,295$6,885,000
79$8,262,994$3,850,139$3,028,959$7,449,808
80$9,037,041$3,970,017$3,061,651$8,068,341
81$9,887,874$4,093,603$3,093,271$8,745,972
82$10,823,258$4,221,010$3,123,716$9,488,620
83$11,851,746$4,352,355$3,152,876$10,302,803
84$12,982,761$4,487,758$3,180,635$11,195,701
85$14,226,687$4,627,343$3,206,871$12,175,224
86$15,594,964$4,771,237$3,231,456$13,250,086
87$17,100,196$4,919,573$3,254,255$14,429,887
88$18,756,269$5,072,486$3,275,126$15,725,200
89$20,578,485$5,230,114$3,293,919$17,147,677
90$22,583,704$5,392,603$3,310,478$18,710,151
91$24,790,500$5,560,098$3,324,638$20,426,764
92$27,219,342$5,732,754$3,336,224$22,313,095
93$29,892,782$5,910,727$3,345,055$24,386,308
94$32,835,671$6,094,178$3,350,940$26,665,315
95$36,075,391$6,283,273$3,353,677$29,170,952
96$39,642,111$6,478,185$3,353,056$31,926,178
97$43,569,079$6,679,088$3,348,856$34,956,288
98$47,892,927$6,886,165$3,340,844$38,289,152
99$52,654,021$7,099,603$3,328,778$41,955,482
100$57,896,841$7,319,593$3,312,402$45,989,115