Can I retire at age 66 with 2,110,000?

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 $2,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$174,242$172,690$171,176$169,698$168,254$166,636
2 years$86,258$84,652$83,095$81,585$80,121$78,491
3 years$56,934$55,321$53,768$52,273$50,832$49,240
4 years$42,275$40,667$39,129$37,659$36,254$34,713
5 years$33,482$31,883$30,366$28,926$27,560$26,074
6 years$27,622$26,035$24,540$23,132$21,807$20,379
7 years$23,438$21,864$20,393$19,018$17,735$16,365
8 years$20,301$18,742$17,295$15,954$14,713$13,400
9 years$17,862$16,318$14,896$13,589$12,390$11,135
10 years$15,913$14,383$12,987$11,714$10,557$9,359
11 years$14,319$12,805$11,433$10,195$9,080$7,937
12 years$12,991$11,493$10,147$8,942$7,868$6,780
13 years$11,869$10,386$9,065$7,895$6,861$5,826
14 years$10,908$9,441$8,145$7,008$6,014$5,031
15 years$10,076$8,624$7,354$6,250$5,296$4,363
16 years$9,348$7,913$6,668$5,596$4,680$3,797
17 years$8,707$7,287$6,067$5,028$4,150$3,314
18 years$8,137$6,734$5,539$4,531$3,690$2,899
19 years$7,629$6,241$5,070$4,094$3,289$2,542
20 years$7,171$5,799$4,653$3,708$2,938$2,234
21 years$6,758$5,402$4,280$3,365$2,629$1,965
22 years$6,383$5,042$3,945$3,060$2,356$1,732
23 years$6,041$4,716$3,642$2,787$2,115$1,528
24 years$5,728$4,419$3,369$2,542$1,901$1,350
25 years$5,440$4,147$3,120$2,321$1,711$1,193
26 years$5,175$3,897$2,894$2,122$1,541$1,056
27 years$4,930$3,668$2,687$1,943$1,389$935
28 years$4,703$3,456$2,498$1,780$1,254$828
29 years$4,492$3,260$2,324$1,632$1,132$734
30 years$4,295$3,079$2,165$1,498$1,023$651
31 years$4,111$2,911$2,019$1,376$925$578
32 years$3,940$2,754$1,883$1,264$837$513
33 years$3,779$2,608$1,758$1,163$757$456
34 years$3,627$2,472$1,643$1,070$685$405
35 years$3,485$2,345$1,536$985$621$360
36 years$3,351$2,225$1,437$907$562$320
37 years$3,225$2,114$1,345$836$510$284
38 years$3,105$2,009$1,260$770$462$253
39 years$2,992$1,910$1,180$710$419$225
40 years$2,885$1,817$1,106$655$380$200
41 years$2,783$1,730$1,037$604$345$178
42 years$2,686$1,647$973$558$313$158
43 years$2,594$1,570$913$515$284$141
44 years$2,507$1,496$857$475$258$125
45 years$2,424$1,427$805$439$234$111
46 years$2,344$1,361$756$406$212$99
47 years$2,268$1,299$710$375$193$88
48 years$2,196$1,240$667$346$175$79
49 years$2,126$1,184$627$320$159$70
50 years$2,060$1,131$590$296$145$62

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,110,000, adding $2,150 every year, while hoping to spend $23,763 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: 50/44/6 Blend
65$2,110,000$2,110,000$2,110,000$2,110,000
66$2,327,438$2,215,608$2,182,903$2,440,251
67$2,539,553$2,298,889$2,230,746$2,600,583
68$2,772,507$2,385,454$2,279,396$2,771,972
69$3,028,401$2,475,440$2,328,854$2,957,631
70$3,309,549$2,568,988$2,379,122$3,158,902
71$3,618,500$2,666,245$2,430,200$3,377,257
72$3,958,062$2,767,366$2,482,086$3,614,314
73$4,331,330$2,872,512$2,534,782$3,871,852
74$4,741,711$2,981,851$2,588,283$4,151,828
75$5,192,962$3,095,558$2,642,587$4,456,391
76$5,689,220$3,213,816$2,697,689$4,787,906
77$6,235,043$3,336,816$2,753,584$5,148,971
78$6,835,455$3,464,757$2,810,266$5,542,445
79$7,495,987$3,597,847$2,867,727$5,971,474
80$8,222,739$3,736,302$2,925,956$6,439,517
81$9,022,428$3,880,350$2,984,945$6,950,379
82$9,902,455$4,030,227$3,044,680$7,508,247
83$10,870,977$4,186,179$3,105,148$8,117,728
84$11,936,979$4,348,465$3,166,334$8,783,892
85$13,110,365$4,517,354$3,228,220$9,512,318
86$14,402,044$4,693,126$3,290,788$10,309,146
87$15,824,039$4,876,076$3,354,015$11,181,135
88$17,389,597$5,066,509$3,417,880$12,135,725
89$19,113,313$5,264,745$3,482,357$13,181,103
90$21,011,273$5,471,120$3,547,418$14,326,285
91$23,101,200$5,685,982$3,613,033$15,581,196
92$25,402,623$5,909,695$3,679,170$16,956,763
93$27,937,061$6,142,641$3,745,793$18,465,017
94$30,728,228$6,385,217$3,812,864$20,119,206
95$33,802,255$6,637,840$3,880,342$21,933,917
96$37,187,934$6,900,943$3,948,183$23,925,212
97$40,916,994$7,174,981$4,016,338$26,110,782
98$45,024,400$7,460,427$4,084,757$28,510,106
99$49,548,677$7,757,777$4,153,386$31,144,639
100$54,532,283$8,067,548$4,222,164$34,038,008