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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.5%
1 years$203,145$201,335$199,570$197,846$196,164$190,957
2 years$100,567$98,694$96,878$95,118$93,411$88,202
3 years$66,378$64,497$62,687$60,943$59,264$54,215
4 years$49,288$47,412$45,620$43,906$42,268$37,418
5 years$39,036$37,172$35,403$33,724$32,131$27,494
6 years$32,204$30,354$28,611$26,970$25,424$21,004
7 years$27,325$25,491$23,776$22,173$20,677$16,474
8 years$23,668$21,850$20,164$18,600$17,153$13,166
9 years$20,825$19,025$17,367$15,843$14,446$10,670
10 years$18,552$16,769$15,141$13,657$12,308$8,739
11 years$16,694$14,929$13,330$11,886$10,586$7,218
12 years$15,146$13,399$11,830$10,426$9,173$6,001
13 years$13,838$12,109$10,569$9,204$7,999$5,016
14 years$12,717$11,007$9,496$8,170$7,012$4,210
15 years$11,747$10,055$8,574$7,287$6,174$3,547
16 years$10,899$9,225$7,774$6,524$5,457$2,997
17 years$10,151$8,496$7,074$5,862$4,838$2,538
18 years$9,487$7,851$6,457$5,283$4,302$2,154
19 years$8,894$7,276$5,911$4,774$3,834$1,831
20 years$8,361$6,761$5,425$4,323$3,425$1,559
21 years$7,879$6,298$4,990$3,924$3,065$1,329
22 years$7,441$5,879$4,599$3,568$2,747$1,134
23 years$7,043$5,498$4,247$3,249$2,466$968
24 years$6,678$5,152$3,927$2,963$2,217$828
25 years$6,342$4,834$3,637$2,706$1,995$708
26 years$6,033$4,544$3,374$2,474$1,797$606
27 years$5,748$4,276$3,133$2,265$1,620$518
28 years$5,483$4,029$2,912$2,075$1,462$444
29 years$5,237$3,801$2,710$1,903$1,320$380
30 years$5,007$3,590$2,524$1,746$1,193$326
31 years$4,793$3,394$2,353$1,604$1,078$279
32 years$4,593$3,211$2,196$1,474$975$239
33 years$4,405$3,041$2,050$1,356$883$205
34 years$4,229$2,882$1,916$1,247$799$176
35 years$4,063$2,734$1,791$1,148$724$151
36 years$3,907$2,595$1,675$1,057$656$130
37 years$3,760$2,464$1,568$974$594$111
38 years$3,620$2,342$1,468$898$539$95
39 years$3,488$2,227$1,376$828$489$82
40 years$3,363$2,119$1,290$764$443$70
41 years$3,245$2,017$1,209$705$402$60
42 years$3,132$1,921$1,134$650$365$52
43 years$3,025$1,830$1,064$600$331$44
44 years$2,923$1,744$999$554$301$38
45 years$2,826$1,664$938$512$273$33
46 years$2,733$1,587$881$473$248$28
47 years$2,645$1,514$828$437$225$24
48 years$2,560$1,446$778$404$204$21
49 years$2,479$1,381$731$373$186$18
50 years$2,402$1,319$687$345$169$15

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 $2,041 every year, while hoping to spend $39,636 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: 54/25/21 Blend
65$2,460,000$2,460,000$2,460,000$2,460,000
66$2,713,025$2,582,645$2,544,515$2,843,858
67$2,947,581$2,667,023$2,587,584$3,018,206
68$3,204,734$2,754,206$2,630,767$3,203,567
69$3,486,746$2,844,291$2,674,027$3,404,502
70$3,796,109$2,937,376$2,717,322$3,622,512
71$4,135,570$3,033,565$2,760,610$3,859,247
72$4,508,152$3,132,964$2,803,844$4,116,525
73$4,917,185$3,235,681$2,846,975$4,396,347
74$5,366,341$3,341,832$2,889,951$4,700,914
75$5,859,659$3,451,533$2,932,716$5,032,652
76$6,401,593$3,564,908$2,975,211$5,394,228
77$6,997,049$3,682,081$3,017,374$5,788,582
78$7,651,429$3,803,185$3,059,138$6,218,949
79$8,370,688$3,928,354$3,100,432$6,688,892
80$9,161,384$4,057,729$3,141,182$7,202,336
81$10,030,743$4,191,455$3,181,309$7,763,600
82$10,986,725$4,329,683$3,220,730$8,377,445
83$12,038,103$4,472,569$3,259,355$9,049,111
84$13,194,539$4,620,274$3,297,093$9,784,371
85$14,466,680$4,772,967$3,333,845$10,589,584
86$15,866,259$4,930,819$3,369,506$11,471,755
87$17,406,200$5,094,012$3,403,967$12,438,598
88$19,100,745$5,262,731$3,437,112$13,498,611
89$20,965,585$5,437,169$3,468,820$14,661,158
90$23,018,011$5,617,526$3,498,961$15,936,552
91$25,277,073$5,804,010$3,527,402$17,336,154
92$27,763,764$5,996,836$3,553,998$18,872,482
93$30,501,212$6,196,225$3,578,602$20,559,327
94$33,514,904$6,402,409$3,601,054$22,411,881
95$36,832,924$6,615,627$3,621,189$24,446,883
96$40,486,217$6,836,126$3,638,833$26,682,775
97$44,508,879$7,064,165$3,653,802$29,139,876
98$48,938,485$7,300,010$3,665,905$31,840,573
99$53,816,437$7,543,936$3,674,939$34,809,533
100$59,188,355$7,796,231$3,680,691$38,073,934