Can I retire at age 66 with 2,270,000?

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 $2,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$187,454$185,785$184,156$182,566$181,013$177,795
2 years$92,799$91,071$89,396$87,772$86,197$82,965
3 years$61,252$59,516$57,845$56,236$54,687$51,543
4 years$45,481$43,750$42,096$40,515$39,003$35,971
5 years$36,021$34,301$32,669$31,119$29,649$26,738
6 years$29,716$28,009$26,401$24,887$23,461$20,673
7 years$25,215$23,522$21,939$20,461$19,080$16,416
8 years$21,840$20,163$18,606$17,164$15,829$13,289
9 years$19,217$17,555$16,026$14,620$13,330$10,913
10 years$17,120$15,474$13,972$12,602$11,358$9,061
11 years$15,405$13,776$12,300$10,968$9,768$7,589
12 years$13,977$12,364$10,916$9,620$8,465$6,401
13 years$12,769$11,174$9,753$8,493$7,381$5,429
14 years$11,735$10,157$8,763$7,539$6,471$4,626
15 years$10,840$9,278$7,912$6,724$5,697$3,957
16 years$10,057$8,513$7,173$6,020$5,035$3,396
17 years$9,367$7,840$6,527$5,409$4,465$2,922
18 years$8,755$7,244$5,959$4,875$3,970$2,520
19 years$8,207$6,714$5,455$4,405$3,538$2,178
20 years$7,715$6,239$5,006$3,989$3,160$1,885
21 years$7,270$5,811$4,605$3,621$2,828$1,634
22 years$6,867$5,425$4,244$3,292$2,535$1,418
23 years$6,499$5,074$3,919$2,998$2,276$1,232
24 years$6,162$4,754$3,624$2,734$2,045$1,072
25 years$5,852$4,461$3,357$2,497$1,841$933
26 years$5,567$4,193$3,113$2,283$1,658$812
27 years$5,304$3,946$2,891$2,090$1,495$708
28 years$5,059$3,718$2,687$1,915$1,349$617
29 years$4,832$3,508$2,501$1,756$1,218$538
30 years$4,621$3,313$2,329$1,612$1,100$470
31 years$4,423$3,131$2,172$1,480$995$410
32 years$4,238$2,963$2,026$1,360$900$358
33 years$4,065$2,806$1,892$1,251$814$313
34 years$3,903$2,659$1,768$1,151$737$273
35 years$3,750$2,522$1,653$1,059$668$239
36 years$3,605$2,394$1,546$976$605$209
37 years$3,469$2,274$1,447$899$548$182
38 years$3,341$2,161$1,355$829$497$159
39 years$3,219$2,055$1,270$764$451$139
40 years$3,103$1,955$1,190$705$409$122
41 years$2,994$1,861$1,116$650$371$106
42 years$2,890$1,772$1,047$600$337$93
43 years$2,791$1,689$982$554$306$81
44 years$2,697$1,610$922$511$277$71
45 years$2,607$1,535$866$472$252$62
46 years$2,522$1,464$813$436$229$54
47 years$2,440$1,397$764$403$208$48
48 years$2,362$1,334$718$372$189$42
49 years$2,288$1,274$675$344$171$36
50 years$2,216$1,217$634$318$156$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,270,000, adding $6,483 every year, while hoping to spend $29,683 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: 63/18/19 Blend
65$2,270,000$2,270,000$2,270,000$2,270,000
66$2,508,227$2,387,917$2,352,732$2,653,711
67$2,732,484$2,473,343$2,399,966$2,837,849
68$2,978,620$2,561,959$2,447,788$3,034,934
69$3,248,836$2,653,892$2,496,185$3,249,477
70$3,545,555$2,749,270$2,545,145$3,483,185
71$3,871,448$2,848,231$2,594,654$3,737,934
72$4,229,455$2,950,914$2,644,695$4,015,788
73$4,622,818$3,057,467$2,695,250$4,319,023
74$5,055,105$3,168,042$2,746,301$4,650,142
75$5,530,249$3,282,800$2,797,826$5,011,900
76$6,052,584$3,401,906$2,849,802$5,407,333
77$6,626,881$3,525,533$2,902,203$5,839,782
78$7,258,400$3,653,861$2,955,004$6,312,927
79$7,952,934$3,787,078$3,008,175$6,830,821
80$8,716,868$3,925,379$3,061,683$7,397,925
81$9,557,233$4,068,968$3,115,495$8,019,155
82$10,481,781$4,218,058$3,169,573$8,699,923
83$11,499,048$4,372,868$3,223,879$9,446,192
84$12,618,442$4,533,630$3,278,371$10,264,528
85$13,850,329$4,700,584$3,333,002$11,162,164
86$15,206,130$4,873,979$3,387,725$12,147,066
87$16,698,430$5,054,078$3,442,488$13,228,012
88$18,341,093$5,241,152$3,497,235$14,414,669
89$20,149,401$5,435,485$3,551,908$15,717,686
90$22,140,187$5,637,371$3,606,445$17,148,795
91$24,332,004$5,847,120$3,660,778$18,720,921
92$26,745,292$6,065,052$3,714,838$20,448,301
93$29,402,574$6,291,502$3,768,548$22,346,623
94$32,328,672$6,526,821$3,821,829$24,433,168
95$35,550,933$6,771,372$3,874,597$26,726,975
96$39,099,494$7,025,534$3,926,761$29,249,022
97$43,007,562$7,289,706$3,978,228$32,022,419
98$47,311,731$7,564,299$4,028,896$35,072,630
99$52,052,323$7,849,745$4,078,660$38,427,710
100$57,273,772$8,146,495$4,127,407$42,118,571