Can I retire at age 66 with 2,160,000?

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 $2,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$178,371$176,782$175,232$173,719$172,241$168,488
2 years$88,302$86,658$85,064$83,519$82,020$78,257
3 years$58,283$56,632$55,042$53,511$52,037$48,383
4 years$43,277$41,630$40,057$38,552$37,113$33,595
5 years$34,275$32,639$31,085$29,611$28,213$24,841
6 years$28,276$26,652$25,122$23,681$22,324$19,102
7 years$23,993$22,382$20,876$19,469$18,155$15,084
8 years$20,782$19,186$17,705$16,332$15,061$12,140
9 years$18,286$16,705$15,249$13,911$12,684$9,910
10 years$16,290$14,724$13,294$11,992$10,807$8,178
11 years$14,658$13,108$11,704$10,436$9,295$6,806
12 years$13,299$11,765$10,387$9,154$8,055$5,703
13 years$12,150$10,632$9,280$8,082$7,024$4,805
14 years$11,166$9,664$8,338$7,174$6,157$4,067
15 years$10,314$8,829$7,528$6,398$5,421$3,455
16 years$9,570$8,100$6,826$5,729$4,791$2,944
17 years$8,913$7,460$6,211$5,147$4,248$2,515
18 years$8,330$6,893$5,670$4,639$3,777$2,154
19 years$7,809$6,389$5,191$4,191$3,367$1,847
20 years$7,341$5,937$4,764$3,796$3,007$1,587
21 years$6,918$5,530$4,382$3,445$2,691$1,365
22 years$6,534$5,162$4,038$3,133$2,412$1,176
23 years$6,184$4,828$3,729$2,853$2,165$1,014
24 years$5,863$4,523$3,448$2,602$1,946$875
25 years$5,569$4,245$3,194$2,376$1,751$755
26 years$5,297$3,990$2,962$2,173$1,578$652
27 years$5,047$3,755$2,751$1,989$1,422$564
28 years$4,814$3,538$2,557$1,822$1,283$488
29 years$4,598$3,338$2,380$1,671$1,159$422
30 years$4,397$3,152$2,216$1,533$1,047$365
31 years$4,209$2,980$2,066$1,408$947$316
32 years$4,033$2,819$1,928$1,294$856$274
33 years$3,868$2,670$1,800$1,190$775$237
34 years$3,713$2,531$1,682$1,095$702$205
35 years$3,568$2,400$1,573$1,008$636$178
36 years$3,431$2,278$1,471$928$576$154
37 years$3,301$2,164$1,377$855$522$134
38 years$3,179$2,056$1,289$788$473$116
39 years$3,063$1,955$1,208$727$429$100
40 years$2,953$1,860$1,132$671$389$87
41 years$2,849$1,771$1,062$619$353$75
42 years$2,750$1,687$996$571$320$65
43 years$2,656$1,607$935$527$291$57
44 years$2,566$1,532$877$487$264$49
45 years$2,481$1,461$824$449$240$43
46 years$2,400$1,393$774$415$218$37
47 years$2,322$1,330$727$384$198$32
48 years$2,248$1,269$683$354$179$28
49 years$2,177$1,212$642$328$163$24
50 years$2,109$1,158$604$303$148$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,160,000, adding $3,255 every year, while hoping to spend $46,772 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: 83/5/12 Blend
65$2,160,000$2,160,000$2,160,000$2,160,000
66$2,383,678$2,269,198$2,235,718$2,576,242
67$2,577,048$2,330,623$2,260,849$2,764,289
68$2,788,574$2,393,491$2,285,255$2,964,231
69$3,020,059$2,457,822$2,308,861$3,182,410
70$3,273,487$2,523,638$2,331,591$3,420,634
71$3,551,045$2,590,959$2,353,361$3,680,892
72$3,855,139$2,659,803$2,374,086$3,965,378
73$4,188,420$2,730,190$2,393,674$4,276,505
74$4,553,807$2,802,138$2,412,031$4,616,932
75$4,954,516$2,875,664$2,429,055$4,989,590
76$5,394,089$2,950,783$2,444,640$5,397,706
77$5,876,426$3,027,511$2,458,675$5,844,833
78$6,405,823$3,105,861$2,471,043$6,334,890
79$6,987,014$3,185,845$2,481,620$6,872,190
80$7,625,212$3,267,474$2,490,277$7,461,487
81$8,326,160$3,350,757$2,496,878$8,108,017
82$9,096,185$3,435,701$2,501,280$8,817,549
83$9,942,257$3,522,311$2,503,333$9,596,442
84$10,872,052$3,610,589$2,502,880$10,451,698
85$11,894,032$3,700,538$2,499,757$11,391,033
86$13,017,513$3,792,155$2,493,789$12,422,952
87$14,252,764$3,885,435$2,484,795$13,556,821
88$15,611,095$3,980,370$2,472,585$14,802,963
89$17,104,969$4,076,951$2,456,959$16,172,752
90$18,748,118$4,175,163$2,437,709$17,678,720
91$20,555,668$4,274,989$2,414,615$19,334,678
92$22,544,289$4,376,405$2,387,447$21,155,840
93$24,732,345$4,479,388$2,355,965$23,158,974
94$27,140,071$4,583,906$2,319,917$25,362,557
95$29,789,765$4,689,923$2,279,040$27,786,947
96$32,705,991$4,797,399$2,233,058$30,454,577
97$35,915,819$4,906,289$2,181,683$33,390,169
98$39,449,074$5,016,539$2,124,611$36,620,963
99$43,338,622$5,128,091$2,061,528$40,176,978
100$47,620,674$5,240,881$1,992,102$44,091,291