Can I retire at age 66 with 2,480,000?

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 $2,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$204,796$202,972$201,192$199,455$197,759$193,292
2 years$101,384$99,496$97,666$95,892$94,171$89,695
3 years$66,918$65,022$63,196$61,439$59,746$55,400
4 years$49,688$47,798$45,991$44,263$42,611$38,429
5 years$39,353$37,474$35,691$33,998$32,392$28,386
6 years$32,465$30,600$28,843$27,189$25,631$21,804
7 years$27,548$25,698$23,969$22,353$20,845$17,198
8 years$23,861$22,028$20,328$18,752$17,293$13,825
9 years$20,995$19,179$17,508$15,972$14,563$11,272
10 years$18,703$16,906$15,264$13,768$12,408$9,290
11 years$16,830$15,050$13,438$11,983$10,672$7,722
12 years$15,270$13,508$11,926$10,510$9,248$6,462
13 years$13,950$12,207$10,655$9,279$8,064$5,438
14 years$12,821$11,096$9,574$8,237$7,069$4,596
15 years$11,842$10,137$8,644$7,346$6,224$3,899
16 years$10,987$9,300$7,837$6,577$5,501$3,318
17 years$10,234$8,565$7,131$5,910$4,878$2,830
18 years$9,564$7,915$6,510$5,326$4,337$2,420
19 years$8,966$7,335$5,959$4,812$3,866$2,073
20 years$8,429$6,816$5,469$4,359$3,453$1,778
21 years$7,943$6,349$5,031$3,956$3,090$1,527
22 years$7,502$5,927$4,637$3,597$2,770$1,313
23 years$7,100$5,543$4,281$3,275$2,486$1,130
24 years$6,732$5,193$3,959$2,987$2,235$974
25 years$6,394$4,874$3,667$2,728$2,011$839
26 years$6,082$4,581$3,401$2,495$1,811$724
27 years$5,794$4,311$3,158$2,283$1,633$625
28 years$5,527$4,062$2,936$2,092$1,474$540
29 years$5,279$3,832$2,732$1,918$1,331$466
30 years$5,048$3,619$2,545$1,761$1,202$403
31 years$4,832$3,421$2,373$1,617$1,087$348
32 years$4,631$3,237$2,214$1,486$983$301
33 years$4,441$3,066$2,067$1,367$890$260
34 years$4,264$2,905$1,931$1,257$806$225
35 years$4,096$2,756$1,805$1,157$730$195
36 years$3,939$2,616$1,689$1,066$661$168
37 years$3,790$2,484$1,581$982$599$146
38 years$3,650$2,361$1,480$905$543$126
39 years$3,517$2,245$1,387$835$493$109
40 years$3,391$2,136$1,300$770$447$94
41 years$3,271$2,033$1,219$710$405$82
42 years$3,157$1,936$1,143$656$368$71
43 years$3,049$1,845$1,073$605$334$61
44 years$2,947$1,759$1,007$559$303$53
45 years$2,849$1,677$946$516$275$46
46 years$2,755$1,600$888$477$250$40
47 years$2,666$1,527$834$440$227$34
48 years$2,581$1,457$784$407$206$30
49 years$2,499$1,392$737$376$187$26
50 years$2,421$1,330$693$348$170$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,480,000, adding $4,007 every year, while hoping to spend $42,800 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: 30/45/25 Blend
65$2,480,000$2,480,000$2,480,000$2,480,000
66$2,737,093$2,605,653$2,567,213$2,797,933
67$2,970,738$2,687,791$2,607,676$2,927,435
68$3,226,780$2,772,520$2,648,060$3,062,600
69$3,507,458$2,859,920$2,688,317$3,207,142
70$3,815,240$2,950,077$2,728,396$3,361,901
71$4,152,841$3,043,077$2,768,244$3,527,805
72$4,523,253$3,139,010$2,807,802$3,705,868
73$4,929,772$3,237,969$2,847,011$3,897,210
74$5,376,028$3,340,049$2,885,805$4,103,058
75$5,866,020$3,445,349$2,924,117$4,324,764
76$6,404,153$3,553,970$2,961,874$4,563,812
77$6,995,279$3,666,017$2,998,999$4,821,838
78$7,644,744$3,781,598$3,035,412$5,100,639
79$8,358,437$3,900,825$3,071,027$5,402,192
80$9,142,845$4,023,813$3,105,754$5,728,673
81$10,005,115$4,150,680$3,139,497$6,082,477
82$10,953,123$4,281,550$3,172,156$6,466,239
83$11,995,544$4,416,548$3,203,626$6,882,859
84$13,141,935$4,555,804$3,233,793$7,335,531
85$14,402,828$4,699,454$3,262,541$7,827,768
86$15,789,825$4,847,636$3,289,744$8,363,440
87$17,315,710$5,000,493$3,315,273$8,946,808
88$18,994,568$5,158,173$3,338,991$9,582,561
89$20,841,918$5,320,827$3,360,751$10,275,867
90$22,874,859$5,488,614$3,380,402$11,032,411
91$25,112,234$5,661,694$3,397,784$11,858,460
92$27,574,800$5,840,236$3,412,729$12,760,911
93$30,285,434$6,024,412$3,425,059$13,747,362
94$33,269,340$6,214,400$3,434,590$14,826,184
95$36,554,290$6,410,382$3,441,126$16,006,593
96$40,170,886$6,612,550$3,444,463$17,298,743
97$44,152,849$6,821,098$3,444,385$18,713,820
98$48,537,335$7,036,227$3,440,667$20,264,145
99$53,365,287$7,258,146$3,433,073$21,963,289
100$58,681,820$7,487,068$3,421,355$23,826,206