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%14.6%
1 years$203,145$201,335$199,570$197,846$196,164$192,439
2 years$100,567$98,694$96,878$95,118$93,411$89,674
3 years$66,378$64,497$62,687$60,943$59,264$55,629
4 years$49,288$47,412$45,620$43,906$42,268$38,764
5 years$39,036$37,172$35,403$33,724$32,131$28,769
6 years$32,204$30,354$28,611$26,970$25,424$22,207
7 years$27,325$25,491$23,776$22,173$20,677$17,605
8 years$23,668$21,850$20,164$18,600$17,153$14,226
9 years$20,825$19,025$17,367$15,843$14,446$11,662
10 years$18,552$16,769$15,141$13,657$12,308$9,665
11 years$16,694$14,929$13,330$11,886$10,586$8,080
12 years$15,146$13,399$11,830$10,426$9,173$6,801
13 years$13,838$12,109$10,569$9,204$7,999$5,757
14 years$12,717$11,007$9,496$8,170$7,012$4,896
15 years$11,747$10,055$8,574$7,287$6,174$4,179
16 years$10,899$9,225$7,774$6,524$5,457$3,579
17 years$10,151$8,496$7,074$5,862$4,838$3,073
18 years$9,487$7,851$6,457$5,283$4,302$2,645
19 years$8,894$7,276$5,911$4,774$3,834$2,281
20 years$8,361$6,761$5,425$4,323$3,425$1,970
21 years$7,879$6,298$4,990$3,924$3,065$1,703
22 years$7,441$5,879$4,599$3,568$2,747$1,475
23 years$7,043$5,498$4,247$3,249$2,466$1,279
24 years$6,678$5,152$3,927$2,963$2,217$1,109
25 years$6,342$4,834$3,637$2,706$1,995$963
26 years$6,033$4,544$3,374$2,474$1,797$837
27 years$5,748$4,276$3,133$2,265$1,620$727
28 years$5,483$4,029$2,912$2,075$1,462$633
29 years$5,237$3,801$2,710$1,903$1,320$550
30 years$5,007$3,590$2,524$1,746$1,193$479
31 years$4,793$3,394$2,353$1,604$1,078$417
32 years$4,593$3,211$2,196$1,474$975$363
33 years$4,405$3,041$2,050$1,356$883$317
34 years$4,229$2,882$1,916$1,247$799$276
35 years$4,063$2,734$1,791$1,148$724$240
36 years$3,907$2,595$1,675$1,057$656$210
37 years$3,760$2,464$1,568$974$594$183
38 years$3,620$2,342$1,468$898$539$159
39 years$3,488$2,227$1,376$828$489$139
40 years$3,363$2,119$1,290$764$443$121
41 years$3,245$2,017$1,209$705$402$106
42 years$3,132$1,921$1,134$650$365$92
43 years$3,025$1,830$1,064$600$331$80
44 years$2,923$1,744$999$554$301$70
45 years$2,826$1,664$938$512$273$61
46 years$2,733$1,587$881$473$248$53
47 years$2,645$1,514$828$437$225$47
48 years$2,560$1,446$778$404$204$41
49 years$2,479$1,381$731$373$186$35
50 years$2,402$1,319$687$345$169$31

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 $6,121 every year, while hoping to spend $39,832 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: 67/12/21 Blend
65$2,460,000$2,460,000$2,460,000$2,460,000
66$2,717,234$2,586,854$2,548,724$2,884,525
67$2,952,011$2,671,229$2,591,725$3,081,781
68$3,209,400$2,758,403$2,634,832$3,292,259
69$3,491,666$2,848,472$2,678,006$3,521,487
70$3,801,302$2,941,533$2,721,206$3,771,310
71$4,141,056$3,037,690$2,764,387$4,043,759
72$4,513,954$3,137,047$2,807,504$4,341,072
73$4,923,329$3,239,713$2,850,507$4,665,713
74$5,372,851$3,345,802$2,893,342$5,020,396
75$5,866,567$3,455,431$2,935,954$5,408,109
76$6,408,930$3,568,721$2,978,281$5,832,144
77$7,004,849$3,685,797$3,020,262$6,296,127
78$7,659,732$3,806,789$3,061,830$6,804,053
79$8,379,535$3,931,832$3,102,911$7,360,322
80$9,170,821$4,061,065$3,143,432$7,969,780
81$10,040,821$4,194,633$3,183,313$8,637,766
82$10,997,499$4,332,685$3,222,469$9,370,164
83$12,049,633$4,475,375$3,260,810$10,173,453
84$13,206,892$4,622,865$3,298,244$11,054,771
85$14,479,929$4,775,320$3,334,669$12,021,986
86$15,880,483$4,932,912$3,369,982$13,083,763
87$17,421,487$5,095,819$3,404,071$14,249,648
88$19,117,191$5,264,226$3,436,820$15,530,163
89$20,983,297$5,438,325$3,468,105$16,936,897
90$23,037,104$5,618,314$3,497,797$18,482,620
91$25,297,674$5,804,398$3,525,759$20,181,405
92$27,786,013$5,996,789$3,551,848$22,048,753
93$30,525,264$6,195,709$3,575,912$24,101,750
94$33,540,927$6,401,386$3,597,793$26,359,218
95$36,861,105$6,614,056$3,617,321$28,841,898
96$40,516,759$6,833,967$3,634,323$31,572,644
97$44,542,008$7,061,371$3,648,613$34,576,640
98$48,974,448$7,296,533$3,659,996$37,881,636
99$53,855,505$7,539,726$3,668,269$41,518,207
100$59,230,828$7,791,234$3,673,218$45,520,050