Can I retire at age 66 with 2,400,000?

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 $2,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$198,190$196,424$194,702$193,021$191,379$188,831
2 years$98,114$96,286$94,516$92,799$91,133$88,570
3 years$64,759$62,924$61,158$59,457$57,819$55,320
4 years$48,086$46,256$44,507$42,835$41,237$38,822
5 years$38,084$36,265$34,539$32,902$31,347$29,024
6 years$31,418$29,613$27,913$26,312$24,804$22,574
7 years$26,659$24,869$23,196$21,632$20,172$18,037
8 years$23,091$21,318$19,672$18,147$16,735$14,694
9 years$20,318$18,561$16,943$15,457$14,093$12,146
10 years$18,100$16,360$14,772$13,324$12,008$10,153
11 years$16,287$14,565$13,005$11,596$10,327$8,562
12 years$14,777$13,072$11,541$10,171$8,950$7,272
13 years$13,500$11,814$10,311$8,980$7,804$6,213
14 years$12,407$10,738$9,265$7,971$6,841$5,333
15 years$11,460$9,810$8,365$7,109$6,023$4,597
16 years$10,633$9,000$7,584$6,365$5,324$3,975
17 years$9,904$8,289$6,901$5,719$4,720$3,448
18 years$9,256$7,659$6,300$5,154$4,197$2,997
19 years$8,677$7,099$5,767$4,657$3,741$2,611
20 years$8,157$6,596$5,293$4,218$3,341$2,279
21 years$7,687$6,144$4,868$3,828$2,990$1,992
22 years$7,260$5,735$4,487$3,481$2,680$1,743
23 years$6,871$5,364$4,143$3,170$2,406$1,528
24 years$6,515$5,026$3,832$2,891$2,163$1,340
25 years$6,188$4,717$3,549$2,640$1,946$1,176
26 years$5,886$4,433$3,291$2,414$1,753$1,033
27 years$5,607$4,172$3,056$2,210$1,580$909
28 years$5,349$3,931$2,841$2,025$1,426$799
29 years$5,109$3,708$2,644$1,857$1,288$703
30 years$4,885$3,502$2,463$1,704$1,163$619
31 years$4,677$3,311$2,296$1,565$1,052$546
32 years$4,481$3,133$2,142$1,438$951$481
33 years$4,298$2,967$2,000$1,323$861$424
34 years$4,126$2,812$1,869$1,217$780$374
35 years$3,964$2,667$1,747$1,120$706$329
36 years$3,812$2,531$1,634$1,032$640$291
37 years$3,668$2,404$1,530$951$580$256
38 years$3,532$2,285$1,433$876$526$226
39 years$3,403$2,173$1,342$808$477$200
40 years$3,281$2,067$1,258$745$432$176
41 years$3,165$1,968$1,180$687$392$155
42 years$3,056$1,874$1,107$634$356$137
43 years$2,951$1,785$1,038$586$323$121
44 years$2,852$1,702$975$541$293$107
45 years$2,757$1,623$915$499$266$94
46 years$2,666$1,548$860$461$242$83
47 years$2,580$1,477$808$426$219$74
48 years$2,498$1,410$759$394$199$65
49 years$2,419$1,347$713$364$181$57
50 years$2,343$1,287$671$336$164$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,400,000, adding $3,000 every year, while hoping to spend $32,096 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: 72/14/14 Blend
65$2,400,000$2,400,000$2,400,000$2,400,000
66$2,647,895$2,520,695$2,483,495$2,830,208
67$2,883,830$2,610,059$2,532,542$3,040,795
68$3,142,755$2,702,726$2,582,156$3,267,116
69$3,426,981$2,798,824$2,632,323$3,514,098
70$3,739,053$2,898,487$2,683,026$3,783,778
71$4,081,776$3,001,852$2,734,247$4,078,400
72$4,458,239$3,109,065$2,785,966$4,400,433
73$4,871,845$3,220,275$2,838,162$4,752,596
74$5,326,343$3,335,638$2,890,810$5,137,883
75$5,825,863$3,455,318$2,943,886$5,559,591
76$6,374,956$3,579,483$2,997,361$6,021,353
77$6,978,634$3,708,310$3,051,205$6,527,166
78$7,642,421$3,841,983$3,105,386$7,081,437
79$8,372,400$3,980,693$3,159,869$7,689,014
80$9,175,277$4,124,639$3,214,617$8,355,243
81$10,058,437$4,274,028$3,269,588$9,086,007
82$11,030,019$4,429,077$3,324,741$9,887,791
83$12,098,990$4,590,010$3,380,028$10,767,735
84$13,275,228$4,757,062$3,435,401$11,733,705
85$14,569,621$4,930,478$3,490,806$12,794,367
86$15,994,161$5,110,510$3,546,187$13,959,266
87$17,562,065$5,297,425$3,601,484$15,238,921
88$19,287,896$5,491,499$3,656,633$16,644,915
89$21,187,698$5,693,019$3,711,567$18,190,012
90$23,279,151$5,902,285$3,766,213$19,888,275
91$25,581,737$6,119,609$3,820,494$21,755,196
92$28,116,923$6,345,319$3,874,329$23,807,844
93$30,908,362$6,579,752$3,927,632$26,065,023
94$33,982,118$6,823,263$3,980,311$28,547,453
95$37,366,912$7,076,221$4,032,269$31,277,962
96$41,094,392$7,339,011$4,083,405$34,281,703
97$45,199,430$7,612,032$4,133,609$37,586,390
98$49,720,454$7,895,705$4,182,768$41,222,556
99$54,699,810$8,190,464$4,230,759$45,223,847
100$60,184,158$8,496,763$4,277,457$49,627,335