Can I retire at age 66 with 2,280,000?

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 $2,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$188,280$186,603$184,967$183,370$181,810$176,061
2 years$93,208$91,472$89,790$88,159$86,576$80,836
3 years$61,521$59,778$58,100$56,484$54,928$49,377
4 years$45,681$43,943$42,282$40,694$39,175$33,855
5 years$36,180$34,452$32,812$31,257$29,780$24,707
6 years$29,847$28,133$26,517$24,996$23,564$18,741
7 years$25,326$23,626$22,036$20,551$19,164$14,591
8 years$21,936$20,252$18,688$17,239$15,898$11,572
9 years$19,302$17,633$16,096$14,684$13,389$9,304
10 years$17,195$15,542$14,033$12,658$11,408$7,559
11 years$15,472$13,836$12,354$11,016$9,811$6,191
12 years$14,038$12,419$10,964$9,663$8,502$5,103
13 years$12,825$11,223$9,796$8,531$7,414$4,228
14 years$11,787$10,201$8,802$7,573$6,499$3,518
15 years$10,887$9,319$7,947$6,753$5,722$2,936
16 years$10,101$8,550$7,205$6,047$5,057$2,458
17 years$9,408$7,874$6,556$5,433$4,484$2,062
18 years$8,793$7,276$5,985$4,896$3,987$1,733
19 years$8,243$6,744$5,479$4,424$3,554$1,459
20 years$7,749$6,266$5,028$4,007$3,174$1,230
21 years$7,302$5,837$4,625$3,637$2,841$1,038
22 years$6,897$5,449$4,263$3,307$2,546$877
23 years$6,527$5,096$3,936$3,011$2,286$741
24 years$6,189$4,775$3,640$2,747$2,054$627
25 years$5,878$4,481$3,371$2,508$1,849$531
26 years$5,592$4,211$3,127$2,293$1,665$449
27 years$5,327$3,963$2,903$2,099$1,501$381
28 years$5,082$3,734$2,699$1,923$1,355$322
29 years$4,854$3,523$2,512$1,764$1,223$273
30 years$4,641$3,327$2,340$1,619$1,105$232
31 years$4,443$3,145$2,181$1,487$999$196
32 years$4,257$2,976$2,035$1,366$904$167
33 years$4,083$2,818$1,900$1,256$818$141
34 years$3,920$2,671$1,775$1,156$741$120
35 years$3,766$2,534$1,660$1,064$671$102
36 years$3,621$2,405$1,553$980$608$86
37 years$3,484$2,284$1,453$903$551$73
38 years$3,355$2,171$1,361$832$499$62
39 years$3,233$2,064$1,275$767$453$53
40 years$3,117$1,964$1,195$708$411$45
41 years$3,007$1,869$1,121$653$373$38
42 years$2,903$1,780$1,051$603$338$32
43 years$2,803$1,696$986$556$307$27
44 years$2,709$1,617$926$514$279$23
45 years$2,619$1,542$869$474$253$20
46 years$2,533$1,471$817$438$230$17
47 years$2,451$1,404$767$405$209$14
48 years$2,373$1,340$721$374$189$12
49 years$2,298$1,280$678$346$172$10
50 years$2,226$1,222$637$320$156$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,280,000, adding $5,737 every year, while hoping to spend $40,069 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: 49/21/30 Blend
65$2,280,000$2,280,000$2,280,000$2,280,000
66$2,518,478$2,397,638$2,362,298$2,620,117
67$2,732,729$2,472,489$2,398,802$2,767,030
68$2,967,492$2,549,665$2,435,185$2,922,173
69$3,224,815$2,629,237$2,471,403$3,089,978
70$3,506,955$2,711,279$2,507,405$3,271,665
71$3,816,401$2,795,868$2,543,139$3,468,576
72$4,155,889$2,883,081$2,578,549$3,682,191
73$4,528,437$2,973,000$2,613,578$3,914,139
74$4,937,368$3,065,706$2,648,163$4,166,212
75$5,386,341$3,161,287$2,682,238$4,440,386
76$5,879,388$3,259,830$2,715,733$4,738,836
77$6,420,950$3,361,427$2,748,574$5,063,957
78$7,015,920$3,466,170$2,780,685$5,418,388
79$7,669,689$3,574,157$2,811,983$5,805,035
80$8,388,193$3,685,487$2,842,380$6,227,099
81$9,177,975$3,800,262$2,871,786$6,688,108
82$10,046,242$3,918,588$2,900,104$7,191,947
83$11,000,933$4,040,574$2,927,233$7,742,895
84$12,050,797$4,166,331$2,953,064$8,345,667
85$13,205,472$4,295,975$2,977,485$9,005,460
86$14,475,577$4,429,624$3,000,378$9,727,996
87$15,872,812$4,567,402$3,021,616$10,519,581
88$17,410,067$4,709,433$3,041,069$11,387,163
89$19,101,547$4,855,848$3,058,598$12,338,398
90$20,962,901$5,006,781$3,074,057$13,381,720
91$23,011,372$5,162,369$3,087,293$14,526,425
92$25,265,961$5,322,753$3,098,146$15,782,752
93$27,747,601$5,488,080$3,106,446$17,161,987
94$30,479,361$5,658,501$3,112,016$18,676,563
95$33,486,657$5,834,169$3,114,671$20,340,183
96$36,797,498$6,015,245$3,114,214$22,167,943
97$40,442,743$6,201,893$3,110,441$24,176,481
98$44,456,398$6,394,281$3,103,136$26,384,130
99$48,875,934$6,592,583$3,092,074$28,811,092
100$53,742,639$6,796,980$3,077,018$31,479,629