Can I retire at age 66 with 2,190,000?

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 $2,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$180,848$179,237$177,666$176,132$174,634$168,706
2 years$89,529$87,861$86,245$84,679$83,159$77,246
3 years$59,093$57,418$55,807$54,254$52,759$47,048
4 years$43,878$42,209$40,613$39,087$37,628$32,161
5 years$34,751$33,092$31,517$30,023$28,605$23,396
6 years$28,669$27,022$25,471$24,009$22,634$17,688
7 years$24,326$22,693$21,166$19,739$18,407$13,724
8 years$21,071$19,452$17,951$16,559$15,271$10,846
9 years$18,540$16,937$15,461$14,105$12,860$8,689
10 years$16,516$14,929$13,479$12,158$10,957$7,033
11 years$14,862$13,290$11,867$10,581$9,424$5,738
12 years$13,484$11,929$10,531$9,281$8,166$4,711
13 years$12,319$10,780$9,409$8,194$7,121$3,887
14 years$11,321$9,799$8,454$7,274$6,242$3,220
15 years$10,458$8,951$7,633$6,487$5,496$2,677
16 years$9,703$8,213$6,920$5,808$4,858$2,231
17 years$9,037$7,564$6,297$5,219$4,307$1,863
18 years$8,446$6,989$5,749$4,703$3,830$1,559
19 years$7,918$6,477$5,263$4,250$3,414$1,307
20 years$7,443$6,019$4,830$3,849$3,049$1,096
21 years$7,014$5,607$4,442$3,493$2,729$921
22 years$6,625$5,234$4,094$3,176$2,446$774
23 years$6,270$4,895$3,780$2,892$2,195$651
24 years$5,945$4,586$3,496$2,638$1,973$548
25 years$5,646$4,304$3,238$2,409$1,776$462
26 years$5,371$4,045$3,003$2,203$1,599$389
27 years$5,117$3,807$2,789$2,016$1,442$328
28 years$4,881$3,587$2,593$1,847$1,301$277
29 years$4,662$3,384$2,413$1,694$1,175$233
30 years$4,458$3,196$2,247$1,555$1,062$197
31 years$4,267$3,021$2,095$1,428$960$166
32 years$4,089$2,859$1,955$1,312$868$140
33 years$3,922$2,707$1,825$1,207$786$118
34 years$3,765$2,566$1,705$1,110$711$100
35 years$3,617$2,434$1,594$1,022$644$84
36 years$3,478$2,310$1,491$941$584$71
37 years$3,347$2,194$1,396$867$529$60
38 years$3,223$2,085$1,307$799$480$51
39 years$3,105$1,983$1,225$737$435$43
40 years$2,994$1,886$1,148$680$395$36
41 years$2,888$1,795$1,076$627$358$31
42 years$2,788$1,710$1,010$579$325$26
43 years$2,693$1,629$948$534$295$22
44 years$2,602$1,553$889$493$268$18
45 years$2,516$1,481$835$456$243$16
46 years$2,433$1,413$784$421$221$13
47 years$2,354$1,348$737$389$200$11
48 years$2,279$1,287$692$359$182$9
49 years$2,207$1,229$651$332$165$8
50 years$2,138$1,174$612$307$150$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,190,000, adding $4,445 every year, while hoping to spend $37,324 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: 38/48/14 Blend
65$2,190,000$2,190,000$2,190,000$2,190,000
66$2,417,965$2,301,895$2,267,950$2,499,440
67$2,624,885$2,374,975$2,304,214$2,631,101
68$2,851,660$2,450,386$2,340,442$2,769,361
69$3,100,275$2,528,201$2,376,593$2,917,970
70$3,372,919$2,608,498$2,412,624$3,077,876
71$3,671,999$2,691,357$2,448,489$3,250,121
72$4,000,169$2,776,860$2,484,140$3,435,851
73$4,360,352$2,865,091$2,519,524$3,636,325
74$4,755,766$2,956,139$2,554,586$3,852,927
75$5,189,959$3,050,094$2,589,269$4,087,180
76$5,666,836$3,147,050$2,623,511$4,340,758
77$6,190,700$3,247,103$2,657,246$4,615,503
78$6,766,293$3,350,353$2,690,406$4,913,438
79$7,398,837$3,456,902$2,722,916$5,236,794
80$8,094,086$3,566,857$2,754,701$5,588,021
81$8,858,378$3,680,328$2,785,679$5,969,819
82$9,698,696$3,797,428$2,815,763$6,385,155
83$10,622,735$3,918,274$2,844,863$6,837,298
84$11,638,971$4,042,987$2,872,883$7,329,844
85$12,756,744$4,171,691$2,899,722$7,866,753
86$13,986,344$4,304,516$2,925,275$8,452,383
87$15,339,107$4,441,594$2,949,428$9,091,534
88$16,827,527$4,583,063$2,972,065$9,789,488
89$18,465,366$4,729,064$2,993,060$10,552,063
90$20,267,790$4,879,744$3,012,284$11,385,663
91$22,251,508$5,035,255$3,029,599$12,297,344
92$24,434,932$5,195,753$3,044,861$13,294,873
93$26,838,349$5,361,399$3,057,917$14,386,805
94$29,484,112$5,532,360$3,068,610$15,582,562
95$32,396,854$5,708,807$3,076,770$16,892,521
96$35,603,714$5,890,920$3,082,223$18,328,112
97$39,134,599$6,078,881$3,084,784$19,901,924
98$43,022,462$6,272,880$3,084,258$21,627,824
99$47,303,616$6,473,114$3,080,443$23,521,089
100$52,018,072$6,679,784$3,073,125$25,598,544