Can I retire at age 66 with 2,490,000?

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 $2,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$205,622$203,790$202,003$200,259$198,556$194,309
2 years$101,793$99,897$98,060$96,278$94,551$90,292
3 years$67,188$65,284$63,451$61,687$59,987$55,850
4 years$49,889$47,991$46,176$44,442$42,783$38,800
5 years$39,512$37,625$35,835$34,135$32,523$28,705
6 years$32,596$30,724$28,960$27,298$25,734$22,085
7 years$27,659$25,802$24,066$22,444$20,929$17,450
8 years$23,957$22,117$20,410$18,827$17,363$14,052
9 years$21,079$19,257$17,579$16,037$14,622$11,477
10 years$18,779$16,974$15,326$13,824$12,458$9,477
11 years$16,898$15,111$13,492$12,031$10,715$7,892
12 years$15,331$13,563$11,974$10,553$9,285$6,618
13 years$14,007$12,257$10,698$9,316$8,097$5,580
14 years$12,872$11,141$9,612$8,270$7,098$4,726
15 years$11,890$10,178$8,679$7,375$6,249$4,017
16 years$11,032$9,338$7,868$6,604$5,523$3,426
17 years$10,275$8,600$7,160$5,934$4,897$2,929
18 years$9,603$7,946$6,536$5,347$4,354$2,510
19 years$9,002$7,365$5,984$4,832$3,881$2,154
20 years$8,463$6,844$5,491$4,376$3,467$1,852
21 years$7,975$6,375$5,051$3,972$3,102$1,595
22 years$7,532$5,950$4,655$3,611$2,781$1,374
23 years$7,129$5,565$4,298$3,289$2,496$1,186
24 years$6,759$5,214$3,975$2,999$2,244$1,024
25 years$6,420$4,893$3,682$2,739$2,019$885
26 years$6,107$4,599$3,415$2,505$1,819$765
27 years$5,818$4,328$3,171$2,293$1,640$662
28 years$5,550$4,078$2,948$2,100$1,479$573
29 years$5,301$3,848$2,743$1,926$1,336$496
30 years$5,069$3,634$2,555$1,768$1,207$430
31 years$4,852$3,435$2,382$1,624$1,091$372
32 years$4,649$3,250$2,223$1,492$987$323
33 years$4,459$3,078$2,075$1,372$893$280
34 years$4,281$2,917$1,939$1,262$809$242
35 years$4,113$2,767$1,813$1,162$733$210
36 years$3,955$2,626$1,696$1,070$664$182
37 years$3,805$2,494$1,587$986$602$158
38 years$3,664$2,370$1,486$909$545$137
39 years$3,531$2,254$1,393$838$495$119
40 years$3,404$2,145$1,305$773$449$103
41 years$3,284$2,041$1,224$713$407$90
42 years$3,170$1,944$1,148$658$369$78
43 years$3,062$1,852$1,077$608$335$67
44 years$2,958$1,766$1,011$561$304$59
45 years$2,860$1,684$950$518$276$51
46 years$2,766$1,606$892$479$251$44
47 years$2,677$1,533$838$442$228$38
48 years$2,591$1,463$787$409$207$33
49 years$2,509$1,397$740$378$188$29
50 years$2,431$1,335$696$349$171$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,490,000, adding $2,886 every year, while hoping to spend $53,994 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: 46/46/8 Blend
65$2,490,000$2,490,000$2,490,000$2,490,000
66$2,746,957$2,614,987$2,576,392$2,867,125
67$2,969,697$2,685,672$2,605,252$3,020,890
68$3,213,348$2,758,011$2,633,269$3,181,754
69$3,479,984$2,832,028$2,660,358$3,355,008
70$3,771,891$2,907,747$2,686,429$3,541,813
71$4,091,587$2,985,189$2,711,387$3,743,450
72$4,441,843$3,064,378$2,735,133$3,961,324
73$4,825,712$3,145,333$2,757,561$4,196,986
74$5,246,556$3,228,076$2,778,561$4,452,140
75$5,708,077$3,312,625$2,798,015$4,728,664
76$6,214,355$3,398,997$2,815,802$5,028,622
77$6,769,880$3,487,209$2,831,793$5,354,290
78$7,379,602$3,577,276$2,845,852$5,708,171
79$8,048,969$3,669,211$2,857,836$6,093,023
80$8,783,987$3,763,025$2,867,596$6,511,884
81$9,591,268$3,858,727$2,874,975$6,968,097
82$10,478,098$3,956,325$2,879,808$7,465,345
83$11,452,503$4,055,825$2,881,920$8,007,685
84$12,523,326$4,157,227$2,881,132$8,599,586
85$13,700,306$4,260,532$2,877,250$9,245,970
86$14,994,175$4,365,736$2,870,076$9,952,258
87$16,416,757$4,472,833$2,859,400$10,724,425
88$17,981,077$4,581,813$2,845,001$11,569,050
89$19,701,487$4,692,662$2,826,649$12,493,382
90$21,593,799$4,805,362$2,804,101$13,505,409
91$23,675,433$4,919,892$2,777,105$14,613,930
92$25,965,585$5,036,224$2,745,396$15,828,642
93$28,485,402$5,154,327$2,708,695$17,160,226
94$31,258,188$5,274,164$2,666,711$18,620,454
95$34,309,618$5,395,692$2,619,140$20,222,295
96$37,667,980$5,518,862$2,565,662$21,980,041
97$41,364,447$5,643,620$2,505,945$23,909,438
98$45,433,365$5,769,902$2,439,639$26,027,839
99$49,912,580$5,897,638$2,366,378$28,354,364
100$54,843,793$6,026,752$2,285,781$30,910,086