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%13.9%
1 years$205,622$203,790$202,003$200,259$198,556$195,347
2 years$101,793$99,897$98,060$96,278$94,551$91,326
3 years$67,188$65,284$63,451$61,687$59,987$56,848
4 years$49,889$47,991$46,176$44,442$42,783$39,753
5 years$39,512$37,625$35,835$34,135$32,523$29,611
6 years$32,596$30,724$28,960$27,298$25,734$22,944
7 years$27,659$25,802$24,066$22,444$20,929$18,261
8 years$23,957$22,117$20,410$18,827$17,363$14,817
9 years$21,079$19,257$17,579$16,037$14,622$12,196
10 years$18,779$16,974$15,326$13,824$12,458$10,151
11 years$16,898$15,111$13,492$12,031$10,715$8,524
12 years$15,331$13,563$11,974$10,553$9,285$7,207
13 years$14,007$12,257$10,698$9,316$8,097$6,129
14 years$12,872$11,141$9,612$8,270$7,098$5,237
15 years$11,890$10,178$8,679$7,375$6,249$4,492
16 years$11,032$9,338$7,868$6,604$5,523$3,866
17 years$10,275$8,600$7,160$5,934$4,897$3,336
18 years$9,603$7,946$6,536$5,347$4,354$2,886
19 years$9,002$7,365$5,984$4,832$3,881$2,501
20 years$8,463$6,844$5,491$4,376$3,467$2,172
21 years$7,975$6,375$5,051$3,972$3,102$1,888
22 years$7,532$5,950$4,655$3,611$2,781$1,644
23 years$7,129$5,565$4,298$3,289$2,496$1,433
24 years$6,759$5,214$3,975$2,999$2,244$1,250
25 years$6,420$4,893$3,682$2,739$2,019$1,091
26 years$6,107$4,599$3,415$2,505$1,819$953
27 years$5,818$4,328$3,171$2,293$1,640$833
28 years$5,550$4,078$2,948$2,100$1,479$729
29 years$5,301$3,848$2,743$1,926$1,336$638
30 years$5,069$3,634$2,555$1,768$1,207$558
31 years$4,852$3,435$2,382$1,624$1,091$489
32 years$4,649$3,250$2,223$1,492$987$428
33 years$4,459$3,078$2,075$1,372$893$375
34 years$4,281$2,917$1,939$1,262$809$329
35 years$4,113$2,767$1,813$1,162$733$288
36 years$3,955$2,626$1,696$1,070$664$253
37 years$3,805$2,494$1,587$986$602$222
38 years$3,664$2,370$1,486$909$545$195
39 years$3,531$2,254$1,393$838$495$171
40 years$3,404$2,145$1,305$773$449$150
41 years$3,284$2,041$1,224$713$407$131
42 years$3,170$1,944$1,148$658$369$115
43 years$3,062$1,852$1,077$608$335$101
44 years$2,958$1,766$1,011$561$304$89
45 years$2,860$1,684$950$518$276$78
46 years$2,766$1,606$892$479$251$68
47 years$2,677$1,533$838$442$228$60
48 years$2,591$1,463$787$409$207$53
49 years$2,509$1,397$740$378$188$46
50 years$2,431$1,335$696$349$171$41

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 $6,997 every year, while hoping to spend $23,431 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: 82/8/10 Blend
65$2,490,000$2,490,000$2,490,000$2,490,000
66$2,751,197$2,619,227$2,580,632$2,971,950
67$3,006,889$2,722,639$2,642,153$3,220,962
68$3,287,876$2,830,333$2,704,950$3,490,472
69$3,596,714$2,942,493$2,769,040$3,785,660
70$3,936,217$3,059,314$2,834,441$4,109,088
71$4,309,488$3,180,997$2,901,172$4,463,577
72$4,719,944$3,307,754$2,969,249$4,852,235
73$5,171,349$3,439,805$3,038,689$5,278,484
74$5,667,851$3,577,380$3,109,510$5,746,095
75$6,214,021$3,720,721$3,181,728$6,259,217
76$6,814,894$3,870,079$3,255,358$6,822,425
77$7,476,017$4,025,717$3,330,417$7,440,756
78$8,203,505$4,187,911$3,406,920$8,119,758
79$9,004,091$4,356,947$3,484,881$8,865,543
80$9,885,198$4,533,127$3,564,314$9,684,844
81$10,855,003$4,716,765$3,645,233$10,585,079
82$11,922,515$4,908,189$3,727,650$11,574,419
83$13,097,664$5,107,741$3,811,578$12,661,864
84$14,391,387$5,315,782$3,897,028$13,857,331
85$15,815,740$5,532,687$3,984,010$15,171,746
86$17,384,004$5,758,847$4,072,533$16,617,146
87$19,110,815$5,994,674$4,162,606$18,206,790
88$21,012,302$6,240,596$4,254,236$19,955,289
89$23,106,233$6,497,062$4,347,429$21,878,741
90$25,412,192$6,764,541$4,442,191$23,994,879
91$27,951,756$7,043,524$4,538,525$26,323,244
92$30,748,702$7,334,524$4,636,433$28,885,367
93$33,829,232$7,638,078$4,735,915$31,704,967
94$37,222,216$7,954,747$4,836,972$34,808,183
95$40,959,471$8,285,118$4,939,599$38,223,812
96$45,076,055$8,629,806$5,043,793$41,983,587
97$49,610,599$8,989,454$5,149,547$46,122,469
98$54,605,676$9,364,733$5,256,853$50,678,985
99$60,108,197$9,756,347$5,365,699$55,695,583
100$66,169,857$10,165,031$5,476,074$61,219,038