Can I retire at age 66 with 2,430,000?

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 $2,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$200,667$198,880$197,136$195,434$193,772$190,719
2 years$99,340$97,490$95,697$93,958$92,272$89,204
3 years$65,569$63,711$61,922$60,200$58,541$55,554
4 years$48,687$46,834$45,064$43,371$41,752$38,868
5 years$38,560$36,719$34,971$33,313$31,739$28,967
6 years$31,811$29,983$28,262$26,641$25,114$22,457
7 years$26,992$25,180$23,486$21,903$20,425$17,884
8 years$23,380$21,584$19,918$18,374$16,944$14,519
9 years$20,571$18,793$17,155$15,650$14,269$11,958
10 years$18,326$16,565$14,956$13,491$12,158$9,959
11 years$16,490$14,747$13,167$11,741$10,457$8,368
12 years$14,962$13,236$11,686$10,298$9,061$7,080
13 years$13,669$11,961$10,440$9,092$7,902$6,025
14 years$12,562$10,873$9,381$8,071$6,927$5,151
15 years$11,604$9,932$8,469$7,198$6,099$4,422
16 years$10,766$9,113$7,679$6,445$5,390$3,808
17 years$10,027$8,392$6,987$5,791$4,779$3,288
18 years$9,372$7,755$6,379$5,218$4,249$2,846
19 years$8,786$7,187$5,839$4,715$3,788$2,469
20 years$8,259$6,679$5,359$4,271$3,383$2,145
21 years$7,783$6,221$4,929$3,876$3,028$1,867
22 years$7,351$5,807$4,543$3,524$2,714$1,626
23 years$6,957$5,431$4,195$3,209$2,436$1,418
24 years$6,596$5,089$3,879$2,927$2,190$1,238
25 years$6,265$4,775$3,593$2,673$1,970$1,082
26 years$5,960$4,488$3,332$2,444$1,775$946
27 years$5,677$4,224$3,094$2,237$1,600$828
28 years$5,416$3,980$2,877$2,050$1,444$725
29 years$5,173$3,755$2,677$1,880$1,304$635
30 years$4,946$3,546$2,494$1,725$1,178$556
31 years$4,735$3,352$2,325$1,584$1,065$487
32 years$4,537$3,172$2,169$1,456$963$427
33 years$4,352$3,004$2,025$1,339$872$375
34 years$4,178$2,847$1,892$1,232$789$329
35 years$4,014$2,700$1,769$1,134$715$288
36 years$3,859$2,563$1,655$1,045$648$253
37 years$3,714$2,434$1,549$962$587$222
38 years$3,576$2,313$1,451$887$532$195
39 years$3,446$2,200$1,359$818$483$171
40 years$3,322$2,093$1,274$754$438$150
41 years$3,205$1,992$1,194$696$397$132
42 years$3,094$1,897$1,120$642$360$116
43 years$2,988$1,808$1,051$593$327$102
44 years$2,887$1,723$987$548$297$89
45 years$2,791$1,643$927$506$270$79
46 years$2,700$1,568$870$467$245$69
47 years$2,612$1,496$818$432$222$61
48 years$2,529$1,428$768$399$202$53
49 years$2,449$1,364$722$369$183$47
50 years$2,373$1,303$679$341$166$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,430,000, adding $6,429 every year, while hoping to spend $30,461 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: 63/16/21 Blend
65$2,430,000$2,430,000$2,430,000$2,430,000
66$2,684,492$2,555,702$2,518,037$2,838,661
67$2,925,899$2,648,521$2,569,980$3,036,203
68$3,190,910$2,744,867$2,622,644$3,247,871
69$3,481,898$2,844,881$2,676,018$3,478,346
70$3,801,482$2,948,710$2,730,094$3,729,469
71$4,152,542$3,056,506$2,784,861$4,003,263
72$4,538,254$3,168,428$2,840,307$4,301,958
73$4,962,117$3,284,642$2,896,419$4,628,007
74$5,427,984$3,405,320$2,953,180$4,984,112
75$5,940,102$3,530,644$3,010,574$5,373,245
76$6,503,147$3,660,800$3,068,583$5,798,684
77$7,122,272$3,795,984$3,127,185$6,264,033
78$7,803,157$3,936,400$3,186,359$6,773,264
79$8,552,055$4,082,260$3,246,078$7,330,750
80$9,375,861$4,233,786$3,306,317$7,941,309
81$10,282,166$4,391,209$3,367,047$8,610,243
82$11,279,338$4,554,770$3,428,234$9,343,397
83$12,376,597$4,724,720$3,489,846$10,147,204
84$13,584,098$4,901,320$3,551,845$11,028,754
85$14,913,036$5,084,844$3,614,191$11,995,853
86$16,375,741$5,275,576$3,676,841$13,057,101
87$17,985,801$5,473,814$3,739,750$14,221,973
88$19,758,189$5,679,868$3,802,868$15,500,904
89$21,709,402$5,894,059$3,866,142$16,905,391
90$23,857,620$6,116,726$3,929,517$18,448,099
91$26,222,872$6,348,221$3,992,930$20,142,981
92$28,827,230$6,588,910$4,056,319$22,005,408
93$31,695,017$6,839,175$4,119,615$24,052,315
94$34,853,031$7,099,417$4,182,744$26,302,359
95$38,330,804$7,370,052$4,245,630$28,776,096
96$42,160,877$7,651,516$4,308,190$31,496,173
97$46,379,108$7,944,261$4,370,335$34,487,543
98$51,025,009$8,248,763$4,431,974$37,777,697
99$56,142,122$8,565,514$4,493,008$41,396,925
100$61,778,427$8,895,033$4,553,331$45,378,603