Can I retire at age 66 with 2,490,000?

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 $2,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$205,622$203,790$202,003$200,259$198,556$197,222
2 years$101,793$99,897$98,060$96,278$94,551$93,205
3 years$67,188$65,284$63,451$61,687$59,987$58,672
4 years$49,889$47,991$46,176$44,442$42,783$41,508
5 years$39,512$37,625$35,835$34,135$32,523$31,292
6 years$32,596$30,724$28,960$27,298$25,734$24,550
7 years$27,659$25,802$24,066$22,444$20,929$19,790
8 years$23,957$22,117$20,410$18,827$17,363$16,270
9 years$21,079$19,257$17,579$16,037$14,622$13,576
10 years$18,779$16,974$15,326$13,824$12,458$11,458
11 years$16,898$15,111$13,492$12,031$10,715$9,759
12 years$15,331$13,563$11,974$10,553$9,285$8,373
13 years$14,007$12,257$10,698$9,316$8,097$7,228
14 years$12,872$11,141$9,612$8,270$7,098$6,271
15 years$11,890$10,178$8,679$7,375$6,249$5,463
16 years$11,032$9,338$7,868$6,604$5,523$4,777
17 years$10,275$8,600$7,160$5,934$4,897$4,189
18 years$9,603$7,946$6,536$5,347$4,354$3,684
19 years$9,002$7,365$5,984$4,832$3,881$3,247
20 years$8,463$6,844$5,491$4,376$3,467$2,867
21 years$7,975$6,375$5,051$3,972$3,102$2,536
22 years$7,532$5,950$4,655$3,611$2,781$2,246
23 years$7,129$5,565$4,298$3,289$2,496$1,993
24 years$6,759$5,214$3,975$2,999$2,244$1,769
25 years$6,420$4,893$3,682$2,739$2,019$1,573
26 years$6,107$4,599$3,415$2,505$1,819$1,399
27 years$5,818$4,328$3,171$2,293$1,640$1,246
28 years$5,550$4,078$2,948$2,100$1,479$1,110
29 years$5,301$3,848$2,743$1,926$1,336$990
30 years$5,069$3,634$2,555$1,768$1,207$883
31 years$4,852$3,435$2,382$1,624$1,091$788
32 years$4,649$3,250$2,223$1,492$987$704
33 years$4,459$3,078$2,075$1,372$893$628
34 years$4,281$2,917$1,939$1,262$809$562
35 years$4,113$2,767$1,813$1,162$733$502
36 years$3,955$2,626$1,696$1,070$664$449
37 years$3,805$2,494$1,587$986$602$401
38 years$3,664$2,370$1,486$909$545$359
39 years$3,531$2,254$1,393$838$495$321
40 years$3,404$2,145$1,305$773$449$287
41 years$3,284$2,041$1,224$713$407$257
42 years$3,170$1,944$1,148$658$369$230
43 years$3,062$1,852$1,077$608$335$206
44 years$2,958$1,766$1,011$561$304$184
45 years$2,860$1,684$950$518$276$165
46 years$2,766$1,606$892$479$251$148
47 years$2,677$1,533$838$442$228$132
48 years$2,591$1,463$787$409$207$119
49 years$2,509$1,397$740$378$188$106
50 years$2,431$1,335$696$349$171$95

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,490,000, adding $4,015 every year, while hoping to spend $29,720 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: 34/38/28 Blend
65$2,490,000$2,490,000$2,490,000$2,490,000
66$2,748,121$2,616,151$2,577,556$2,818,150
67$2,996,808$2,712,721$2,632,283$2,967,901
68$3,269,864$2,813,026$2,687,846$3,126,335
69$3,569,745$2,917,219$2,744,244$3,296,612
70$3,899,154$3,025,458$2,801,471$3,479,808
71$4,261,069$3,137,907$2,859,521$3,677,102
72$4,658,772$3,254,738$2,918,389$3,889,791
73$5,095,878$3,376,131$2,978,066$4,119,297
74$5,576,368$3,502,272$3,038,542$4,367,185
75$6,104,631$3,633,357$3,099,807$4,635,174
76$6,685,500$3,769,588$3,161,847$4,925,152
77$7,324,301$3,911,178$3,224,649$5,239,195
78$8,026,901$4,058,347$3,288,196$5,579,584
79$8,799,766$4,211,327$3,352,471$5,948,829
80$9,650,018$4,370,357$3,417,454$6,349,690
81$10,585,504$4,535,689$3,483,124$6,785,199
82$11,614,872$4,707,585$3,549,455$7,258,696
83$12,747,650$4,886,318$3,616,423$7,773,850
84$13,994,335$5,072,172$3,683,998$8,334,700
85$15,366,494$5,265,446$3,752,149$8,945,691
86$16,876,873$5,466,449$3,820,842$9,611,711
87$18,539,515$5,675,506$3,890,041$10,338,141
88$20,369,894$5,892,954$3,959,706$11,130,903
89$22,385,061$6,119,147$4,029,794$11,996,512
90$24,603,805$6,354,452$4,100,260$12,942,143
91$27,046,828$6,599,255$4,171,053$13,975,692
92$29,736,942$6,853,956$4,242,121$15,105,850
93$32,699,285$7,118,975$4,313,407$16,342,187
94$35,961,556$7,394,748$4,384,850$17,695,237
95$39,554,277$7,681,734$4,456,385$19,176,601
96$43,511,082$7,980,408$4,527,943$20,799,051
97$47,869,033$8,291,268$4,599,449$22,576,649
98$52,668,969$8,614,835$4,670,826$24,524,882
99$57,955,893$8,951,651$4,741,988$26,660,805
100$63,779,396$9,302,284$4,812,846$29,003,198