Can I retire at age 66 with 2,200,000?

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 $2,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$181,674$180,056$178,477$176,936$175,431$173,599
2 years$89,938$88,263$86,639$85,065$83,539$81,694
3 years$59,363$57,681$56,061$54,502$53,000$51,200
4 years$44,078$42,401$40,798$39,266$37,800$36,058
5 years$34,910$33,243$31,661$30,160$28,735$27,056
6 years$28,800$27,146$25,587$24,119$22,737$21,123
7 years$24,437$22,797$21,263$19,830$18,491$16,944
8 years$21,167$19,541$18,033$16,635$15,340$13,859
9 years$18,624$17,014$15,531$14,169$12,919$11,503
10 years$16,592$14,997$13,541$12,214$11,007$9,656
11 years$14,930$13,351$11,921$10,630$9,467$8,179
12 years$13,546$11,983$10,580$9,324$8,204$6,978
13 years$12,375$10,829$9,452$8,231$7,154$5,988
14 years$11,373$9,843$8,493$7,307$6,271$5,165
15 years$10,505$8,992$7,668$6,516$5,521$4,473
16 years$9,747$8,250$6,952$5,835$4,880$3,887
17 years$9,078$7,598$6,326$5,243$4,327$3,387
18 years$8,485$7,021$5,775$4,725$3,847$2,960
19 years$7,954$6,507$5,287$4,269$3,429$2,592
20 years$7,477$6,047$4,852$3,866$3,063$2,273
21 years$7,046$5,632$4,463$3,509$2,741$1,998
22 years$6,655$5,257$4,113$3,191$2,457$1,758
23 years$6,298$4,917$3,798$2,906$2,205$1,548
24 years$5,972$4,607$3,512$2,650$1,982$1,366
25 years$5,672$4,323$3,253$2,420$1,784$1,205
26 years$5,396$4,063$3,017$2,213$1,607$1,065
27 years$5,140$3,824$2,802$2,026$1,449$941
28 years$4,903$3,603$2,604$1,856$1,307$833
29 years$4,683$3,399$2,424$1,702$1,180$737
30 years$4,478$3,210$2,258$1,562$1,066$653
31 years$4,287$3,035$2,105$1,434$964$578
32 years$4,108$2,872$1,964$1,318$872$513
33 years$3,940$2,719$1,833$1,212$789$454
34 years$3,782$2,577$1,713$1,115$715$403
35 years$3,634$2,445$1,602$1,027$647$357
36 years$3,494$2,320$1,498$946$586$317
37 years$3,362$2,204$1,402$871$532$281
38 years$3,238$2,094$1,313$803$482$250
39 years$3,120$1,992$1,230$740$437$222
40 years$3,008$1,895$1,153$683$396$197
41 years$2,902$1,804$1,081$630$360$175
42 years$2,801$1,718$1,014$582$326$155
43 years$2,705$1,637$952$537$296$138
44 years$2,614$1,560$893$496$269$123
45 years$2,527$1,488$839$458$244$109
46 years$2,444$1,419$788$423$222$97
47 years$2,365$1,354$740$391$201$86
48 years$2,289$1,293$696$361$183$76
49 years$2,217$1,235$654$334$166$68
50 years$2,148$1,179$615$308$151$60

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,200,000, adding $2,122 every year, while hoping to spend $24,841 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: 45/30/25 Blend
65$2,200,000$2,200,000$2,200,000$2,200,000
66$2,426,589$2,309,989$2,275,889$2,518,181
67$2,647,670$2,396,748$2,325,700$2,669,962
68$2,890,469$2,486,925$2,376,348$2,831,889
69$3,157,175$2,580,662$2,427,834$3,007,009
70$3,450,199$2,678,107$2,480,159$3,196,566
71$3,772,198$2,779,413$2,533,322$3,401,925
72$4,126,098$2,884,740$2,587,324$3,624,589
73$4,515,124$2,994,256$2,642,164$3,866,207
74$4,942,827$3,108,135$2,697,837$4,128,597
75$5,413,122$3,226,560$2,754,341$4,413,755
76$5,930,320$3,349,721$2,811,671$4,723,878
77$6,499,171$3,477,816$2,869,820$5,061,384
78$7,124,910$3,611,053$2,928,783$5,428,930
79$7,813,304$3,749,646$2,988,549$5,829,442
80$8,570,705$3,893,824$3,049,110$6,266,141
81$9,404,115$4,043,819$3,110,454$6,742,569
82$10,321,248$4,199,880$3,172,567$7,262,624
83$11,330,603$4,362,261$3,235,436$7,830,600
84$12,441,545$4,531,232$3,299,043$8,451,220
85$13,664,392$4,707,072$3,363,370$9,129,684
86$15,010,514$4,890,073$3,428,397$9,871,718
87$16,492,440$5,080,540$3,494,102$10,683,625
88$18,123,974$5,278,792$3,560,460$11,572,345
89$19,920,328$5,485,161$3,627,444$12,545,519
90$21,898,263$5,699,995$3,695,025$13,611,560
91$24,076,248$5,923,657$3,763,170$14,779,733
92$26,474,635$6,156,526$3,831,846$16,060,242
93$29,115,850$6,398,998$3,901,015$17,464,323
94$32,024,604$6,651,486$3,970,636$19,004,349
95$35,228,127$6,914,423$4,040,666$20,693,949
96$38,756,426$7,188,259$4,111,058$22,548,133
97$42,642,564$7,473,467$4,181,762$24,583,433
98$46,922,978$7,770,539$4,252,723$26,818,058
99$51,637,816$8,079,990$4,323,883$29,272,067
100$56,831,321$8,402,357$4,395,182$31,967,553