Can I retire at age 66 with 2,010,000?

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 $2,010,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$165,984$164,505$163,063$161,655$160,280$157,302
2 years$82,170$80,640$79,157$77,719$76,324$73,334
3 years$54,236$52,699$51,220$49,795$48,423$45,515
4 years$40,272$38,739$37,275$35,875$34,536$31,732
5 years$31,895$30,372$28,927$27,555$26,253$23,562
6 years$26,313$24,801$23,377$22,036$20,773$18,198
7 years$22,327$20,828$19,427$18,117$16,894$14,435
8 years$19,339$17,853$16,475$15,198$14,016$11,671
9 years$17,016$15,545$14,190$12,945$11,803$9,573
10 years$15,159$13,702$12,371$11,159$10,057$7,939
11 years$13,640$12,198$10,891$9,712$8,649$6,641
12 years$12,376$10,948$9,666$8,518$7,495$5,594
13 years$11,307$9,894$8,636$7,520$6,536$4,738
14 years$10,391$8,993$7,759$6,676$5,729$4,032
15 years$9,598$8,216$7,006$5,954$5,045$3,444
16 years$8,905$7,538$6,352$5,331$4,458$2,952
17 years$8,294$6,942$5,780$4,790$3,953$2,536
18 years$7,752$6,415$5,276$4,317$3,515$2,184
19 years$7,267$5,945$4,830$3,900$3,133$1,885
20 years$6,831$5,524$4,433$3,533$2,798$1,629
21 years$6,438$5,146$4,077$3,206$2,504$1,410
22 years$6,080$4,803$3,758$2,915$2,245$1,222
23 years$5,754$4,492$3,470$2,655$2,015$1,060
24 years$5,456$4,209$3,209$2,421$1,811$920
25 years$5,182$3,950$2,972$2,211$1,630$800
26 years$4,930$3,712$2,756$2,022$1,468$695
27 years$4,696$3,494$2,560$1,851$1,324$605
28 years$4,480$3,292$2,380$1,696$1,194$527
29 years$4,279$3,106$2,214$1,555$1,078$459
30 years$4,091$2,933$2,063$1,427$974$399
31 years$3,917$2,773$1,923$1,311$881$348
32 years$3,753$2,624$1,794$1,204$797$303
33 years$3,600$2,485$1,675$1,108$721$265
34 years$3,456$2,355$1,565$1,019$653$231
35 years$3,320$2,234$1,463$938$591$201
36 years$3,192$2,120$1,369$864$536$176
37 years$3,072$2,013$1,281$796$486$153
38 years$2,958$1,914$1,200$734$440$134
39 years$2,850$1,820$1,124$677$399$117
40 years$2,748$1,731$1,054$624$362$102
41 years$2,651$1,648$988$576$329$89
42 years$2,559$1,569$927$531$298$78
43 years$2,471$1,495$870$490$271$68
44 years$2,388$1,425$816$453$246$59
45 years$2,309$1,359$766$418$223$52
46 years$2,233$1,297$720$386$202$45
47 years$2,161$1,237$676$357$184$39
48 years$2,092$1,181$636$330$167$34
49 years$2,026$1,128$597$305$152$30
50 years$1,962$1,078$562$282$138$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,010,000, adding $6,902 every year, while hoping to spend $21,449 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: 51/31/18 Blend
65$2,010,000$2,010,000$2,010,000$2,010,000
66$2,222,139$2,115,609$2,084,454$2,324,111
67$2,425,976$2,196,453$2,131,462$2,475,899
68$2,649,885$2,280,538$2,179,326$2,638,041
69$2,895,891$2,368,003$2,228,051$2,813,863
70$3,166,226$2,458,988$2,277,644$3,004,665
71$3,463,345$2,553,643$2,328,109$3,211,878
72$3,789,956$2,652,122$2,379,451$3,437,076
73$4,149,043$2,754,586$2,431,674$3,681,986
74$4,543,890$2,861,206$2,484,780$3,948,513
75$4,978,119$2,972,157$2,538,772$4,238,748
76$5,455,717$3,087,623$2,593,651$4,554,993
77$5,981,080$3,207,797$2,649,418$4,899,781
78$6,559,050$3,332,879$2,706,074$5,275,898
79$7,194,962$3,463,078$2,763,616$5,686,412
80$7,894,694$3,598,615$2,822,043$6,134,696
81$8,664,723$3,739,717$2,881,351$6,624,464
82$9,512,184$3,886,623$2,941,536$7,159,804
83$10,444,943$4,039,583$3,002,593$7,745,216
84$11,471,661$4,198,857$3,064,515$8,385,653
85$12,601,888$4,364,718$3,127,292$9,086,567
86$13,846,140$4,537,449$3,190,917$9,853,960
87$15,216,011$4,717,349$3,255,377$10,694,443
88$16,724,272$4,904,727$3,320,660$11,615,292
89$18,384,997$5,099,907$3,386,751$12,624,519
90$20,213,693$5,303,229$3,453,634$13,730,947
91$22,227,449$5,515,047$3,521,290$14,944,293
92$24,445,095$5,735,730$3,589,699$16,275,256
93$26,887,380$5,965,667$3,658,840$17,735,618
94$29,577,168$6,205,259$3,728,686$19,338,357
95$32,539,654$6,454,932$3,799,211$21,097,766
96$35,802,600$6,715,124$3,870,386$23,029,585
97$39,396,599$6,986,300$3,942,178$25,151,153
98$43,355,363$7,268,940$4,014,553$27,481,567
99$47,716,042$7,563,549$4,087,471$30,041,862
100$52,519,570$7,870,655$4,160,893$32,855,209