Can I retire at age 66 with 2,330,000?

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 $2,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$192,409$190,695$189,023$187,391$185,797$180,356
2 years$95,252$93,478$91,759$90,092$88,475$83,037
3 years$62,871$61,089$59,374$57,723$56,132$50,868
4 years$46,683$44,907$43,209$41,586$40,034$34,984
5 years$36,973$35,208$33,532$31,942$30,433$25,611
6 years$30,502$28,750$27,099$25,544$24,081$19,491
7 years$25,881$24,144$22,519$21,001$19,584$15,226
8 years$22,418$20,696$19,098$17,618$16,247$12,119
9 years$19,725$18,019$16,449$15,006$13,682$9,780
10 years$17,572$15,883$14,341$12,936$11,658$7,975
11 years$15,812$14,140$12,625$11,258$10,026$6,557
12 years$14,346$12,691$11,205$9,875$8,689$5,427
13 years$13,107$11,469$10,011$8,718$7,577$4,514
14 years$12,045$10,425$8,995$7,739$6,642$3,771
15 years$11,126$9,524$8,121$6,902$5,848$3,161
16 years$10,323$8,738$7,363$6,180$5,168$2,658
17 years$9,615$8,047$6,700$5,552$4,583$2,240
18 years$8,986$7,436$6,116$5,004$4,075$1,891
19 years$8,424$6,891$5,599$4,521$3,632$1,599
20 years$7,919$6,404$5,139$4,095$3,244$1,354
21 years$7,463$5,965$4,726$3,716$2,903$1,148
22 years$7,048$5,568$4,356$3,379$2,602$974
23 years$6,670$5,208$4,022$3,077$2,336$827
24 years$6,325$4,879$3,720$2,807$2,099$703
25 years$6,007$4,579$3,445$2,563$1,889$598
26 years$5,714$4,303$3,195$2,344$1,702$509
27 years$5,444$4,050$2,967$2,145$1,534$433
28 years$5,193$3,816$2,758$1,966$1,384$369
29 years$4,960$3,600$2,567$1,802$1,250$314
30 years$4,743$3,400$2,391$1,654$1,130$268
31 years$4,540$3,214$2,229$1,519$1,021$228
32 years$4,350$3,041$2,080$1,396$924$194
33 years$4,173$2,880$1,942$1,284$836$166
34 years$4,006$2,730$1,814$1,181$757$141
35 years$3,849$2,589$1,696$1,087$686$120
36 years$3,701$2,457$1,587$1,002$621$103
37 years$3,561$2,334$1,485$923$563$88
38 years$3,429$2,218$1,391$851$510$75
39 years$3,304$2,109$1,303$784$463$64
40 years$3,185$2,007$1,221$723$420$54
41 years$3,073$1,910$1,145$667$381$46
42 years$2,966$1,819$1,074$616$346$40
43 years$2,865$1,733$1,008$569$314$34
44 years$2,768$1,652$946$525$285$29
45 years$2,676$1,576$889$485$258$25
46 years$2,589$1,503$835$448$235$21
47 years$2,505$1,434$784$414$213$18
48 years$2,425$1,369$737$382$194$15
49 years$2,348$1,308$692$353$176$13
50 years$2,275$1,249$651$327$160$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,330,000, adding $3,869 every year, while hoping to spend $51,899 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: 57/33/10 Blend
65$2,330,000$2,330,000$2,330,000$2,330,000
66$2,571,651$2,448,161$2,412,046$2,711,812
67$2,778,739$2,512,901$2,437,629$2,871,545
68$3,005,211$2,579,073$2,462,330$3,039,396
69$3,252,989$2,646,694$2,486,065$3,221,036
70$3,524,189$2,715,777$2,508,743$3,417,790
71$3,821,143$2,786,337$2,530,272$3,631,117
72$4,146,416$2,858,385$2,550,554$3,862,625
73$4,502,837$2,931,932$2,569,483$4,114,080
74$4,893,517$3,006,987$2,586,952$4,387,432
75$5,321,886$3,083,559$2,602,845$4,684,825
76$5,791,718$3,161,654$2,617,040$5,008,620
77$6,307,174$3,241,276$2,629,412$5,361,418
78$6,872,835$3,322,427$2,639,826$5,746,085
79$7,493,747$3,405,109$2,648,143$6,165,776
80$8,175,468$3,489,318$2,654,214$6,623,966
81$8,924,121$3,575,050$2,657,886$7,124,485
82$9,746,451$3,662,297$2,658,995$7,671,549
83$10,649,890$3,751,050$2,657,372$8,269,806
84$11,642,622$3,841,295$2,652,837$8,924,374
85$12,733,666$3,933,015$2,645,204$9,640,893
86$13,932,956$4,026,189$2,634,275$10,425,576
87$15,251,439$4,120,793$2,619,844$11,285,269
88$16,701,172$4,216,799$2,601,695$12,227,514
89$18,295,442$4,314,172$2,579,602$13,260,622
90$20,048,885$4,412,875$2,553,327$14,393,750
91$21,977,631$4,512,865$2,522,623$15,636,988
92$24,099,447$4,614,093$2,487,228$17,001,454
93$26,433,911$4,716,504$2,446,871$18,499,398
94$29,002,594$4,820,038$2,401,266$20,144,320
95$31,829,265$4,924,626$2,350,114$21,951,096
96$34,940,111$5,030,193$2,293,104$23,936,117
97$38,363,987$5,136,658$2,229,908$26,117,446
98$42,132,689$5,243,928$2,160,185$28,514,989
99$46,281,248$5,351,906$2,083,576$31,150,679
100$50,848,268$5,460,482$1,999,708$34,048,690