Can I retire at age 66 with 2,470,000?

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 $2,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$203,970$202,153$200,381$198,651$196,961$192,200
2 years$100,975$99,095$97,272$95,505$93,791$89,023
3 years$66,648$64,760$62,942$61,191$59,505$54,878
4 years$49,488$47,605$45,805$44,085$42,439$37,991
5 years$39,195$37,323$35,547$33,861$32,262$28,003
6 years$32,335$30,477$28,727$27,079$25,528$21,463
7 years$27,436$25,595$23,872$22,263$20,761$16,891
8 years$23,765$21,939$20,246$18,676$17,223$13,547
9 years$20,910$19,102$17,438$15,908$14,504$11,018
10 years$18,628$16,838$15,202$13,713$12,358$9,059
11 years$16,762$14,989$13,384$11,934$10,629$7,510
12 years$15,208$13,454$11,878$10,468$9,211$6,269
13 years$13,894$12,158$10,612$9,242$8,032$5,261
14 years$12,769$11,052$9,535$8,204$7,041$4,434
15 years$11,795$10,096$8,609$7,316$6,199$3,751
16 years$10,943$9,263$7,805$6,551$5,479$3,183
17 years$10,192$8,531$7,102$5,886$4,858$2,708
18 years$9,526$7,883$6,484$5,304$4,319$2,308
19 years$8,930$7,306$5,935$4,793$3,850$1,971
20 years$8,395$6,789$5,447$4,341$3,439$1,686
21 years$7,911$6,323$5,010$3,940$3,077$1,444
22 years$7,472$5,903$4,618$3,582$2,758$1,238
23 years$7,071$5,521$4,264$3,262$2,476$1,062
24 years$6,705$5,172$3,943$2,975$2,226$912
25 years$6,368$4,854$3,652$2,717$2,003$784
26 years$6,058$4,562$3,387$2,485$1,804$674
27 years$5,771$4,293$3,145$2,274$1,626$580
28 years$5,505$4,046$2,924$2,084$1,468$499
29 years$5,258$3,817$2,721$1,911$1,325$429
30 years$5,028$3,604$2,535$1,754$1,197$370
31 years$4,813$3,407$2,363$1,611$1,083$318
32 years$4,612$3,224$2,205$1,480$979$274
33 years$4,423$3,053$2,058$1,361$886$236
34 years$4,246$2,894$1,923$1,252$802$204
35 years$4,080$2,745$1,798$1,153$727$176
36 years$3,923$2,605$1,682$1,062$658$151
37 years$3,775$2,474$1,574$978$597$131
38 years$3,635$2,351$1,474$902$541$113
39 years$3,502$2,236$1,381$831$491$97
40 years$3,377$2,127$1,295$767$445$84
41 years$3,258$2,025$1,214$707$404$72
42 years$3,145$1,929$1,139$653$366$62
43 years$3,037$1,838$1,069$603$332$54
44 years$2,935$1,752$1,003$557$302$46
45 years$2,837$1,670$942$514$274$40
46 years$2,744$1,593$885$475$249$34
47 years$2,655$1,521$831$439$226$30
48 years$2,570$1,452$781$405$205$26
49 years$2,489$1,386$734$375$186$22
50 years$2,412$1,324$690$346$169$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,470,000, adding $4,904 every year, while hoping to spend $38,064 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: 35/40/25 Blend
65$2,470,000$2,470,000$2,470,000$2,470,000
66$2,726,998$2,596,088$2,557,803$2,801,672
67$2,964,653$2,682,797$2,602,990$2,944,294
68$3,225,272$2,772,479$2,648,415$3,094,263
69$3,511,158$2,865,238$2,694,045$3,255,325
70$3,824,847$2,961,186$2,739,847$3,428,495
71$4,169,132$3,060,435$2,785,783$3,614,889
72$4,547,091$3,163,104$2,831,813$3,815,732
73$4,962,111$3,269,313$2,877,896$4,032,372
74$5,417,927$3,379,189$2,923,986$4,266,291
75$5,918,650$3,492,865$2,970,035$4,519,117
76$6,468,813$3,610,476$3,015,991$4,792,643
77$7,073,406$3,732,163$3,061,801$5,088,837
78$7,737,927$3,858,073$3,107,405$5,409,869
79$8,468,436$3,988,358$3,152,743$5,758,122
80$9,271,605$4,123,176$3,197,749$6,136,221
81$10,154,788$4,262,692$3,242,353$6,547,051
82$11,126,087$4,407,074$3,286,482$6,993,791
83$12,194,426$4,556,499$3,330,057$7,479,937
84$13,369,641$4,711,151$3,372,998$8,009,337
85$14,662,566$4,871,219$3,415,215$8,586,228
86$16,085,140$5,036,901$3,456,617$9,215,275
87$17,650,517$5,208,402$3,497,106$9,901,610
88$19,373,191$5,385,934$3,536,580$10,650,888
89$21,269,129$5,569,718$3,574,929$11,469,331
90$23,355,930$5,759,984$3,612,038$12,363,795
91$25,652,981$5,956,969$3,647,788$13,341,825
92$28,181,646$6,160,921$3,682,049$14,411,732
93$30,965,464$6,372,097$3,714,688$15,582,670
94$34,030,375$6,590,763$3,745,564$16,864,717
95$37,404,959$6,817,196$3,774,526$18,268,977
96$41,120,710$7,051,684$3,801,418$19,807,675
97$45,212,332$7,294,526$3,826,075$21,494,281
98$49,718,065$7,546,033$3,848,323$23,343,628
99$54,680,045$7,806,527$3,867,980$25,372,059
100$60,144,707$8,076,343$3,884,854$27,597,572