Can I retire at age 66 with 2,170,000?

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 $2,170,000?

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$179,197$177,600$176,043$174,523$173,039$170,242
2 years$88,711$87,059$85,458$83,905$82,399$79,590
3 years$58,553$56,894$55,297$53,759$52,278$49,542
4 years$43,477$41,823$40,242$38,730$37,285$34,645
5 years$34,434$32,790$31,229$29,749$28,343$25,806
6 years$28,407$26,775$25,238$23,790$22,427$19,996
7 years$24,104$22,486$20,973$19,559$18,239$15,914
8 years$20,878$19,275$17,787$16,408$15,131$12,912
9 years$18,370$16,782$15,320$13,976$12,743$10,629
10 years$16,365$14,793$13,356$12,047$10,857$8,847
11 years$14,726$13,169$11,758$10,485$9,338$7,428
12 years$13,361$11,820$10,435$9,196$8,092$6,281
13 years$12,207$10,682$9,323$8,119$7,056$5,342
14 years$11,218$9,709$8,377$7,207$6,185$4,564
15 years$10,362$8,870$7,563$6,428$5,446$3,915
16 years$9,614$8,138$6,857$5,755$4,813$3,369
17 years$8,954$7,494$6,240$5,171$4,268$2,907
18 years$8,369$6,925$5,696$4,660$3,795$2,515
19 years$7,846$6,418$5,215$4,211$3,382$2,180
20 years$7,375$5,964$4,786$3,814$3,021$1,892
21 years$6,950$5,555$4,402$3,461$2,704$1,645
22 years$6,564$5,186$4,057$3,147$2,423$1,432
23 years$6,212$4,850$3,746$2,866$2,175$1,248
24 years$5,890$4,544$3,464$2,614$1,955$1,089
25 years$5,595$4,265$3,209$2,387$1,759$951
26 years$5,322$4,008$2,976$2,183$1,585$831
27 years$5,070$3,772$2,763$1,998$1,429$726
28 years$4,836$3,554$2,569$1,831$1,289$635
29 years$4,619$3,353$2,391$1,679$1,164$556
30 years$4,417$3,167$2,227$1,541$1,052$487
31 years$4,228$2,994$2,076$1,415$951$426
32 years$4,052$2,832$1,937$1,300$860$373
33 years$3,886$2,682$1,808$1,196$779$327
34 years$3,731$2,542$1,690$1,100$705$287
35 years$3,584$2,411$1,580$1,013$638$251
36 years$3,446$2,289$1,478$933$578$220
37 years$3,316$2,174$1,383$859$524$193
38 years$3,193$2,066$1,295$792$475$170
39 years$3,077$1,964$1,214$730$431$149
40 years$2,967$1,869$1,138$674$391$130
41 years$2,862$1,779$1,067$622$355$114
42 years$2,763$1,694$1,001$574$322$100
43 years$2,668$1,614$939$530$292$88
44 years$2,578$1,539$881$489$265$77
45 years$2,493$1,467$827$452$241$68
46 years$2,411$1,400$777$417$219$60
47 years$2,333$1,336$730$385$198$52
48 years$2,258$1,275$686$356$180$46
49 years$2,187$1,218$645$329$164$40
50 years$2,119$1,163$606$304$149$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,170,000, adding $5,652 every year, while hoping to spend $42,521 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: 60/10/30 Blend
65$2,170,000$2,170,000$2,170,000$2,170,000
66$2,397,170$2,282,160$2,248,525$2,521,119
67$2,596,439$2,348,744$2,278,609$2,673,077
68$2,814,609$2,417,165$2,308,275$2,833,814
69$3,053,562$2,487,469$2,337,465$3,008,347
70$3,315,372$2,559,702$2,366,117$3,198,032
71$3,602,322$2,633,909$2,394,164$3,404,363
72$3,916,928$2,710,140$2,421,537$3,628,987
73$4,261,960$2,788,442$2,448,164$3,873,718
74$4,640,468$2,868,864$2,473,966$4,140,555
75$5,055,813$2,951,456$2,498,861$4,431,699
76$5,511,698$3,036,268$2,522,764$4,749,576
77$6,012,198$3,123,353$2,545,584$5,096,861
78$6,561,806$3,212,761$2,567,225$5,476,499
79$7,165,470$3,304,546$2,587,586$5,891,735
80$7,828,639$3,398,760$2,606,562$6,346,147
81$8,557,319$3,495,458$2,624,041$6,843,675
82$9,358,125$3,594,695$2,639,905$7,388,664
83$10,238,343$3,696,524$2,654,032$7,985,899
84$11,206,003$3,801,003$2,666,291$8,640,655
85$12,269,950$3,908,186$2,676,546$9,358,743
86$13,439,928$4,018,131$2,684,654$10,146,570
87$14,726,675$4,130,894$2,690,464$11,011,193
88$16,142,021$4,246,533$2,693,820$11,960,392
89$17,698,999$4,365,104$2,694,554$13,002,740
90$19,411,968$4,486,666$2,692,493$14,147,683
91$21,296,753$4,611,276$2,687,455$15,405,633
92$23,370,785$4,738,992$2,679,248$16,788,065
93$25,653,274$4,869,872$2,667,672$18,307,622
94$28,165,385$5,003,973$2,652,517$19,978,242
95$30,930,439$5,141,352$2,633,561$21,815,280
96$33,974,132$5,282,067$2,610,573$23,835,662
97$37,324,779$5,426,173$2,583,313$26,058,041
98$41,013,579$5,573,728$2,551,526$28,502,973
99$45,074,908$5,724,785$2,514,946$31,193,113
100$49,546,648$5,879,399$2,473,297$34,153,426