Can I retire at age 66 with 2,230,000?

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 $2,230,000?

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$184,151$182,511$180,911$179,349$177,823$171,788
2 years$91,164$89,466$87,821$86,225$84,678$78,657
3 years$60,172$58,467$56,826$55,245$53,723$47,907
4 years$44,679$42,980$41,355$39,801$38,316$32,749
5 years$35,386$33,696$32,093$30,571$29,127$23,823
6 years$29,193$27,516$25,936$24,448$23,047$18,012
7 years$24,771$23,108$21,553$20,100$18,744$13,975
8 years$21,455$19,808$18,278$16,861$15,550$11,044
9 years$18,878$17,246$15,743$14,362$13,095$8,848
10 years$16,818$15,202$13,725$12,380$11,158$7,161
11 years$15,133$13,533$12,084$10,775$9,596$5,843
12 years$13,730$12,147$10,724$9,451$8,316$4,797
13 years$12,544$10,977$9,581$8,344$7,251$3,958
14 years$11,528$9,978$8,609$7,407$6,357$3,279
15 years$10,649$9,115$7,772$6,605$5,597$2,726
16 years$9,880$8,363$7,047$5,914$4,946$2,272
17 years$9,202$7,702$6,412$5,314$4,386$1,897
18 years$8,600$7,117$5,854$4,789$3,900$1,588
19 years$8,062$6,596$5,359$4,327$3,476$1,331
20 years$7,579$6,129$4,918$3,919$3,105$1,116
21 years$7,142$5,709$4,524$3,557$2,778$938
22 years$6,746$5,329$4,169$3,234$2,490$788
23 years$6,384$4,984$3,850$2,945$2,236$663
24 years$6,053$4,670$3,560$2,686$2,009$558
25 years$5,749$4,382$3,297$2,453$1,808$470
26 years$5,469$4,119$3,058$2,243$1,629$396
27 years$5,210$3,876$2,840$2,053$1,468$334
28 years$4,970$3,653$2,640$1,881$1,325$282
29 years$4,747$3,446$2,457$1,725$1,196$238
30 years$4,539$3,254$2,288$1,583$1,081$200
31 years$4,345$3,076$2,133$1,454$977$169
32 years$4,164$2,911$1,990$1,336$884$143
33 years$3,994$2,757$1,858$1,229$800$120
34 years$3,834$2,613$1,736$1,131$724$102
35 years$3,683$2,478$1,623$1,041$656$86
36 years$3,542$2,352$1,519$959$594$72
37 years$3,408$2,234$1,421$883$539$61
38 years$3,282$2,123$1,331$814$488$52
39 years$3,162$2,019$1,247$751$443$44
40 years$3,049$1,921$1,169$692$402$37
41 years$2,941$1,828$1,096$639$365$31
42 years$2,839$1,741$1,028$589$331$26
43 years$2,742$1,659$965$544$300$22
44 years$2,650$1,581$906$502$272$19
45 years$2,561$1,508$850$464$247$16
46 years$2,477$1,439$799$429$225$13
47 years$2,397$1,373$750$396$204$11
48 years$2,321$1,311$705$366$185$10
49 years$2,247$1,252$663$338$168$8
50 years$2,177$1,195$623$313$153$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,230,000, adding $4,826 every year, while hoping to spend $51,870 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: 37/44/19 Blend
65$2,230,000$2,230,000$2,230,000$2,230,000
66$2,462,438$2,344,248$2,309,683$2,539,260
67$2,658,417$2,403,927$2,331,868$2,655,021
68$2,872,648$2,464,792$2,353,058$2,774,739
69$3,106,937$2,526,845$2,373,164$2,902,976
70$3,363,274$2,590,090$2,392,095$3,040,525
71$3,643,850$2,654,526$2,409,751$3,188,260
72$3,951,076$2,720,151$2,426,031$3,347,144
73$4,287,609$2,786,962$2,440,826$3,518,238
74$4,656,374$2,854,952$2,454,023$3,702,708
75$5,060,593$2,924,114$2,465,502$3,901,843
76$5,503,815$2,994,436$2,475,138$4,117,059
77$5,989,947$3,065,907$2,482,798$4,349,917
78$6,523,294$3,138,509$2,488,344$4,602,139
79$7,108,597$3,212,223$2,491,631$4,875,620
80$7,751,079$3,287,026$2,492,505$5,172,449
81$8,456,492$3,362,894$2,490,807$5,494,929
82$9,231,173$3,439,795$2,486,369$5,845,597
83$10,082,104$3,517,696$2,479,013$6,227,249
84$11,016,974$3,596,559$2,468,556$6,642,967
85$12,044,256$3,676,340$2,454,803$7,096,147
86$13,173,282$3,756,993$2,437,551$7,590,534
87$14,414,335$3,838,464$2,416,587$8,130,254
88$15,778,743$3,920,695$2,391,688$8,719,855
89$17,278,986$4,003,620$2,362,621$9,364,351
90$18,928,815$4,087,169$2,329,141$10,069,266
91$20,743,378$4,171,264$2,290,991$10,840,693
92$22,739,367$4,255,821$2,247,903$11,685,345
93$24,935,172$4,340,746$2,199,598$12,610,623
94$27,351,055$4,425,938$2,145,780$13,624,684
95$30,009,343$4,511,289$2,086,144$14,736,522
96$32,934,632$4,596,679$2,020,366$15,956,047
97$36,154,028$4,681,979$1,948,112$17,294,188
98$39,697,394$4,767,051$1,869,029$18,762,986
99$43,597,637$4,851,745$1,782,749$20,375,719
100$47,891,014$4,935,899$1,688,890$22,147,020