Can I retire at age 66 with 2,130,000?

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 $2,130,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$175,893$174,327$172,798$171,306$169,849$167,588
2 years$87,076$85,454$83,883$82,359$80,881$78,606
3 years$57,474$55,845$54,278$52,768$51,314$49,097
4 years$42,676$41,052$39,500$38,016$36,598$34,455
5 years$33,799$32,185$30,654$29,200$27,821$25,759
6 years$27,884$26,282$24,773$23,352$22,014$20,035
7 years$23,660$22,071$20,586$19,199$17,903$16,008
8 years$20,493$18,919$17,459$16,105$14,852$13,041
9 years$18,032$16,473$15,037$13,718$12,508$10,779
10 years$16,064$14,520$13,110$11,825$10,657$9,010
11 years$14,455$12,926$11,542$10,291$9,166$7,599
12 years$13,115$11,602$10,243$9,027$7,943$6,454
13 years$11,982$10,485$9,151$7,969$6,926$5,514
14 years$11,011$9,530$8,223$7,074$6,071$4,733
15 years$10,171$8,706$7,424$6,309$5,346$4,080
16 years$9,437$7,988$6,731$5,649$4,725$3,528
17 years$8,789$7,356$6,125$5,076$4,189$3,060
18 years$8,215$6,798$5,591$4,574$3,725$2,660
19 years$7,701$6,300$5,118$4,133$3,320$2,317
20 years$7,239$5,854$4,697$3,743$2,966$2,022
21 years$6,822$5,453$4,321$3,397$2,654$1,768
22 years$6,443$5,090$3,982$3,089$2,379$1,547
23 years$6,098$4,761$3,677$2,813$2,135$1,356
24 years$5,782$4,460$3,400$2,566$1,919$1,189
25 years$5,491$4,186$3,150$2,343$1,727$1,044
26 years$5,224$3,934$2,921$2,143$1,556$917
27 years$4,977$3,702$2,712$1,961$1,403$806
28 years$4,747$3,489$2,522$1,797$1,266$709
29 years$4,534$3,291$2,347$1,648$1,143$624
30 years$4,336$3,108$2,186$1,512$1,033$550
31 years$4,150$2,938$2,038$1,389$934$484
32 years$3,977$2,780$1,901$1,276$844$427
33 years$3,815$2,633$1,775$1,174$764$376
34 years$3,662$2,495$1,659$1,080$692$332
35 years$3,518$2,367$1,551$994$627$292
36 years$3,383$2,247$1,451$916$568$258
37 years$3,255$2,134$1,358$844$515$227
38 years$3,135$2,028$1,271$778$467$201
39 years$3,020$1,928$1,191$717$423$177
40 years$2,912$1,835$1,117$661$384$156
41 years$2,809$1,746$1,047$610$348$138
42 years$2,712$1,663$982$563$316$122
43 years$2,619$1,585$922$520$287$108
44 years$2,531$1,510$865$480$260$95
45 years$2,447$1,440$812$443$236$84
46 years$2,366$1,374$763$409$215$74
47 years$2,290$1,311$717$378$195$65
48 years$2,217$1,252$674$350$177$58
49 years$2,147$1,195$633$323$161$51
50 years$2,080$1,142$595$299$146$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,130,000, adding $2,392 every year, while hoping to spend $30,353 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: 48/39/13 Blend
65$2,130,000$2,130,000$2,130,000$2,130,000
66$2,349,727$2,236,837$2,203,822$2,453,940
67$2,557,104$2,314,147$2,245,355$2,603,360
68$2,784,616$2,394,228$2,287,262$2,762,171
69$3,034,285$2,477,183$2,329,523$2,933,927
70$3,308,338$2,563,120$2,372,118$3,119,849
71$3,609,227$2,652,152$2,415,023$3,321,277
72$3,939,656$2,744,395$2,458,213$3,539,684
73$4,302,600$2,839,970$2,501,663$3,776,692
74$4,701,339$2,939,003$2,545,343$4,034,082
75$5,139,486$3,041,624$2,589,222$4,313,814
76$5,621,020$3,147,970$2,633,267$4,618,045
77$6,150,326$3,258,182$2,677,443$4,949,148
78$6,732,233$3,372,407$2,721,712$5,309,733
79$7,372,064$3,490,798$2,766,033$5,702,672
80$8,075,682$3,613,515$2,810,362$6,131,125
81$8,849,547$3,740,722$2,854,654$6,598,571
82$9,700,775$3,872,592$2,898,860$7,108,839
83$10,637,209$4,009,303$2,942,926$7,666,143
84$11,667,488$4,151,043$2,986,798$8,275,122
85$12,801,132$4,298,004$3,030,415$8,940,882
86$14,048,629$4,450,389$3,073,717$9,669,047
87$15,421,538$4,608,406$3,116,634$10,465,806
88$16,932,592$4,772,275$3,159,098$11,337,976
89$18,595,821$4,942,222$3,201,034$12,293,061
90$20,426,688$5,118,483$3,242,361$13,339,324
91$22,442,227$5,301,306$3,282,997$14,485,868
92$24,661,210$5,490,945$3,322,853$15,742,715
93$27,104,319$5,687,668$3,361,835$17,120,901
94$29,794,348$5,891,752$3,399,844$18,632,583
95$32,756,409$6,103,485$3,436,777$20,291,149
96$36,018,176$6,323,169$3,472,522$22,111,346
97$39,610,142$6,551,117$3,506,964$24,109,417
98$43,565,910$6,787,655$3,539,980$26,303,253
99$47,922,505$7,033,122$3,571,442$28,712,560
100$52,720,729$7,287,873$3,601,213$31,359,049