Can I retire at age 66 with 2,310,000?

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 $2,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$190,758$189,058$187,401$185,783$184,203$180,483
2 years$94,434$92,676$90,971$89,319$87,716$83,985
3 years$62,331$60,565$58,864$57,227$55,650$52,025
4 years$46,282$44,521$42,838$41,229$39,690$36,197
5 years$36,656$34,905$33,244$31,668$30,172$26,822
6 years$30,240$28,503$26,866$25,325$23,874$20,670
7 years$25,659$23,937$22,326$20,821$19,416$16,359
8 years$22,225$20,518$18,934$17,466$16,107$13,197
9 years$19,556$17,865$16,308$14,877$13,565$10,798
10 years$17,421$15,747$14,218$12,824$11,558$8,933
11 years$15,676$14,019$12,517$11,161$9,940$7,453
12 years$14,223$12,582$11,109$9,790$8,614$6,262
13 years$12,994$11,371$9,925$8,643$7,512$5,290
14 years$11,942$10,336$8,917$7,672$6,585$4,489
15 years$11,031$9,442$8,051$6,842$5,798$3,824
16 years$10,234$8,663$7,300$6,127$5,124$3,268
17 years$9,532$7,978$6,642$5,505$4,543$2,800
18 years$8,909$7,372$6,064$4,961$4,040$2,405
19 years$8,352$6,832$5,551$4,482$3,601$2,069
20 years$7,851$6,349$5,094$4,060$3,216$1,783
21 years$7,398$5,914$4,686$3,684$2,878$1,538
22 years$6,988$5,520$4,319$3,350$2,580$1,329
23 years$6,613$5,163$3,988$3,051$2,316$1,149
24 years$6,270$4,837$3,688$2,783$2,081$995
25 years$5,956$4,540$3,416$2,541$1,873$862
26 years$5,665$4,267$3,168$2,324$1,687$747
27 years$5,397$4,015$2,942$2,127$1,521$648
28 years$5,148$3,784$2,735$1,949$1,372$562
29 years$4,917$3,569$2,545$1,787$1,239$488
30 years$4,702$3,371$2,370$1,640$1,120$423
31 years$4,501$3,187$2,210$1,506$1,012$368
32 years$4,313$3,015$2,062$1,384$916$320
33 years$4,137$2,855$1,925$1,273$829$278
34 years$3,971$2,706$1,799$1,171$750$241
35 years$3,816$2,567$1,682$1,078$680$210
36 years$3,669$2,436$1,573$993$616$182
37 years$3,530$2,314$1,472$915$558$159
38 years$3,399$2,199$1,379$843$506$138
39 years$3,276$2,091$1,292$778$459$120
40 years$3,158$1,990$1,211$717$416$104
41 years$3,047$1,894$1,135$662$378$91
42 years$2,941$1,804$1,065$611$343$79
43 years$2,840$1,719$999$564$311$69
44 years$2,745$1,638$938$520$282$60
45 years$2,653$1,562$881$481$256$52
46 years$2,566$1,490$827$444$233$45
47 years$2,483$1,422$777$410$211$39
48 years$2,404$1,358$730$379$192$34
49 years$2,328$1,296$687$350$174$30
50 years$2,255$1,238$645$324$158$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,310,000, adding $5,106 every year, while hoping to spend $31,965 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: 45/35/20 Blend
65$2,310,000$2,310,000$2,310,000$2,310,000
66$2,550,887$2,428,457$2,392,652$2,650,786
67$2,777,067$2,513,441$2,438,795$2,806,428
68$3,025,246$2,601,517$2,485,413$2,971,548
69$3,297,634$2,692,805$2,532,487$3,149,949
70$3,596,666$2,787,426$2,579,999$3,342,879
71$3,925,023$2,885,507$2,627,926$3,551,711
72$4,285,660$2,987,181$2,676,246$3,777,953
73$4,681,831$3,092,587$2,724,934$4,023,264
74$5,117,121$3,201,866$2,773,962$4,289,471
75$5,595,479$3,315,170$2,823,302$4,578,579
76$6,121,257$3,432,652$2,872,922$4,892,798
77$6,699,248$3,554,475$2,922,787$5,234,557
78$7,334,733$3,680,806$2,972,863$5,606,529
79$8,033,530$3,811,820$3,023,108$6,011,656
80$8,802,051$3,947,700$3,073,483$6,453,174
81$9,647,357$4,088,634$3,123,942$6,934,648
82$10,577,231$4,234,821$3,174,437$7,459,997
83$11,600,246$4,386,465$3,224,918$8,033,540
84$12,725,849$4,543,779$3,275,331$8,660,027
85$13,964,448$4,706,987$3,325,617$9,344,691
86$15,327,512$4,876,320$3,375,716$10,093,291
87$16,827,678$5,052,019$3,425,561$10,912,169
88$18,478,868$5,234,334$3,475,085$11,808,307
89$20,296,425$5,423,529$3,524,212$12,789,394
90$22,297,253$5,619,875$3,572,866$13,863,897
91$24,499,979$5,823,655$3,620,963$15,041,141
92$26,925,128$6,035,165$3,668,417$16,331,394
93$29,595,316$6,254,713$3,715,134$17,745,966
94$32,535,463$6,482,619$3,761,016$19,297,312
95$35,773,031$6,719,218$3,805,960$20,999,152
96$39,338,277$6,964,857$3,849,857$22,866,596
97$43,264,545$7,219,898$3,892,591$24,916,287
98$47,588,576$7,484,721$3,934,040$27,166,561
99$52,350,856$7,759,717$3,974,076$29,637,611
100$57,595,998$8,045,298$4,012,562$32,351,685