Can I retire at age 66 with 2,480,000?

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 $2,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$204,796$202,972$201,192$199,455$197,759$195,450
2 years$101,384$99,496$97,666$95,892$94,171$91,847
3 years$66,918$65,022$63,196$61,439$59,746$57,479
4 years$49,688$47,798$45,991$44,263$42,611$40,419
5 years$39,353$37,474$35,691$33,998$32,392$30,281
6 years$32,465$30,600$28,843$27,189$25,631$23,603
7 years$27,548$25,698$23,969$22,353$20,845$18,901
8 years$23,861$22,028$20,328$18,752$17,293$15,433
9 years$20,995$19,179$17,508$15,972$14,563$12,787
10 years$18,703$16,906$15,264$13,768$12,408$10,714
11 years$16,830$15,050$13,438$11,983$10,672$9,058
12 years$15,270$13,508$11,926$10,510$9,248$7,713
13 years$13,950$12,207$10,655$9,279$8,064$6,607
14 years$12,821$11,096$9,574$8,237$7,069$5,687
15 years$11,842$10,137$8,644$7,346$6,224$4,915
16 years$10,987$9,300$7,837$6,577$5,501$4,262
17 years$10,234$8,565$7,131$5,910$4,878$3,707
18 years$9,564$7,915$6,510$5,326$4,337$3,232
19 years$8,966$7,335$5,959$4,812$3,866$2,824
20 years$8,429$6,816$5,469$4,359$3,453$2,472
21 years$7,943$6,349$5,031$3,956$3,090$2,167
22 years$7,502$5,927$4,637$3,597$2,770$1,902
23 years$7,100$5,543$4,281$3,275$2,486$1,672
24 years$6,732$5,193$3,959$2,987$2,235$1,471
25 years$6,394$4,874$3,667$2,728$2,011$1,296
26 years$6,082$4,581$3,401$2,495$1,811$1,142
27 years$5,794$4,311$3,158$2,283$1,633$1,007
28 years$5,527$4,062$2,936$2,092$1,474$889
29 years$5,279$3,832$2,732$1,918$1,331$785
30 years$5,048$3,619$2,545$1,761$1,202$693
31 years$4,832$3,421$2,373$1,617$1,087$613
32 years$4,631$3,237$2,214$1,486$983$542
33 years$4,441$3,066$2,067$1,367$890$479
34 years$4,264$2,905$1,931$1,257$806$424
35 years$4,096$2,756$1,805$1,157$730$375
36 years$3,939$2,616$1,689$1,066$661$332
37 years$3,790$2,484$1,581$982$599$294
38 years$3,650$2,361$1,480$905$543$260
39 years$3,517$2,245$1,387$835$493$230
40 years$3,391$2,136$1,300$770$447$204
41 years$3,271$2,033$1,219$710$405$181
42 years$3,157$1,936$1,143$656$368$160
43 years$3,049$1,845$1,073$605$334$142
44 years$2,947$1,759$1,007$559$303$126
45 years$2,849$1,677$946$516$275$111
46 years$2,755$1,600$888$477$250$99
47 years$2,666$1,527$834$440$227$87
48 years$2,581$1,457$784$407$206$77
49 years$2,499$1,392$737$376$187$69
50 years$2,421$1,330$693$348$170$61

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,480,000, adding $5,734 every year, while hoping to spend $46,513 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: 79/15/6 Blend
65$2,480,000$2,480,000$2,480,000$2,480,000
66$2,738,875$2,607,435$2,568,995$2,953,461
67$2,968,750$2,685,709$2,605,566$3,173,153
68$3,220,515$2,766,261$2,641,805$3,407,396
69$3,496,351$2,849,151$2,677,649$3,662,944
70$3,798,663$2,934,445$2,713,035$3,941,895
71$4,130,101$3,022,206$2,747,895$4,246,563
72$4,493,580$3,112,504$2,782,159$4,579,493
73$4,892,314$3,205,405$2,815,750$4,943,488
74$5,329,841$3,300,981$2,848,589$5,341,634
75$5,810,059$3,399,303$2,880,591$5,777,332
76$6,337,261$3,500,445$2,911,667$6,254,325
77$6,916,177$3,604,482$2,941,723$6,776,737
78$7,552,017$3,711,491$2,970,660$7,349,110
79$8,250,520$3,821,551$2,998,374$7,976,446
80$9,018,008$3,934,742$3,024,754$8,664,255
81$9,861,447$4,051,147$3,049,686$9,418,608
82$10,788,510$4,170,848$3,073,046$10,246,191
83$11,807,651$4,293,933$3,094,706$11,154,368
84$12,928,184$4,420,488$3,114,531$12,151,255
85$14,160,370$4,550,603$3,132,379$13,245,790
86$15,515,514$4,684,370$3,148,101$14,447,820
87$17,006,074$4,821,881$3,161,539$15,768,194
88$18,645,771$4,963,231$3,172,529$17,218,866
89$20,449,728$5,108,517$3,180,896$18,813,003
90$22,434,604$5,257,839$3,186,460$20,565,114
91$24,618,756$5,411,295$3,189,029$22,491,185
92$27,022,410$5,568,989$3,188,402$24,608,827
93$29,667,851$5,731,026$3,184,369$26,937,447
94$32,579,636$5,897,510$3,176,710$29,498,424
95$35,784,822$6,068,551$3,165,192$32,315,317
96$39,313,221$6,244,257$3,149,574$35,414,085
97$43,197,685$6,424,742$3,129,600$38,823,327
98$47,474,412$6,610,117$3,105,005$42,574,558
99$52,183,288$6,800,498$3,075,508$46,702,505
100$57,368,263$6,996,002$3,040,817$51,245,431