Can I retire at age 65 with 2,660,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$219,660$217,704$215,795$213,932$212,112$211,130
2 years$108,743$106,717$104,755$102,852$101,006$100,014
3 years$71,775$69,741$67,783$65,898$64,082$63,112
4 years$53,295$51,267$49,329$47,476$45,704$44,763
5 years$42,210$40,194$38,281$36,466$34,743$33,834
6 years$34,822$32,821$30,937$29,162$27,491$26,615
7 years$29,547$27,563$25,709$23,976$22,358$21,514
8 years$25,593$23,627$21,803$20,113$18,548$17,738
9 years$22,519$20,571$18,779$17,132$15,620$14,843
10 years$20,061$18,133$16,372$14,768$13,309$12,565
11 years$18,051$16,143$14,414$12,852$11,446$10,735
12 years$16,378$14,489$12,792$11,273$9,919$9,239
13 years$14,963$13,094$11,429$9,952$8,650$8,001
14 years$13,751$11,902$10,269$8,835$7,582$6,964
15 years$12,702$10,872$9,271$7,879$6,676$6,088
16 years$11,785$9,975$8,406$7,055$5,900$5,341
17 years$10,976$9,187$7,649$6,339$5,232$4,700
18 years$10,259$8,489$6,982$5,712$4,652$4,148
19 years$9,617$7,868$6,392$5,162$4,146$3,668
20 years$9,040$7,311$5,866$4,675$3,703$3,251
21 years$8,519$6,810$5,396$4,243$3,314$2,886
22 years$8,046$6,357$4,973$3,858$2,971$2,566
23 years$7,615$5,945$4,592$3,513$2,667$2,285
24 years$7,220$5,570$4,247$3,204$2,397$2,037
25 years$6,858$5,227$3,933$2,926$2,157$1,817
26 years$6,524$4,913$3,648$2,676$1,943$1,623
27 years$6,215$4,624$3,387$2,449$1,752$1,451
28 years$5,929$4,357$3,149$2,244$1,580$1,298
29 years$5,662$4,110$2,930$2,058$1,427$1,162
30 years$5,415$3,882$2,730$1,888$1,289$1,041
31 years$5,183$3,669$2,545$1,734$1,166$933
32 years$4,967$3,472$2,374$1,594$1,055$836
33 years$4,764$3,288$2,217$1,466$954$750
34 years$4,573$3,116$2,071$1,349$864$673
35 years$4,394$2,956$1,937$1,242$783$604
36 years$4,225$2,806$1,812$1,143$709$542
37 years$4,065$2,665$1,696$1,053$643$487
38 years$3,914$2,532$1,588$971$583$437
39 years$3,772$2,408$1,488$895$528$393
40 years$3,637$2,291$1,394$826$479$353
41 years$3,508$2,181$1,307$762$435$317
42 years$3,387$2,077$1,226$703$395$285
43 years$3,271$1,979$1,151$649$358$256
44 years$3,160$1,886$1,080$599$325$231
45 years$3,055$1,799$1,014$554$295$207
46 years$2,955$1,716$953$511$268$186
47 years$2,860$1,638$895$472$243$168
48 years$2,768$1,563$841$436$221$151
49 years$2,681$1,493$791$403$201$136
50 years$2,597$1,426$743$373$182$122

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,660,000, adding $4,866 every year, while hoping to spend $38,458 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: 44/36/20 Blend
64$2,660,000$2,660,000$2,660,000$2,660,000
65$2,936,339$2,795,359$2,754,129$3,048,343
66$3,194,927$2,891,413$2,805,474$3,223,793
67$3,478,601$2,990,884$2,857,249$3,409,697
68$3,789,881$3,093,900$2,909,429$3,610,411
69$4,131,540$3,200,592$2,961,986$3,827,324
70$4,506,634$3,311,098$3,014,889$4,061,964
71$4,918,528$3,425,559$3,068,105$4,316,008
72$5,370,930$3,544,123$3,121,599$4,591,305
73$5,867,924$3,666,945$3,175,332$4,889,884
74$6,414,010$3,794,183$3,229,264$5,213,979
75$7,014,145$3,926,004$3,283,350$5,566,048
76$7,673,790$4,062,580$3,337,544$5,948,793
77$8,398,961$4,204,091$3,391,797$6,365,190
78$9,196,287$4,350,723$3,446,053$6,818,511
79$10,073,070$4,502,670$3,500,258$7,312,360
80$11,037,355$4,660,133$3,554,349$7,850,702
81$12,098,008$4,823,322$3,608,262$8,437,899
82$13,264,795$4,992,455$3,661,929$9,078,757
83$14,548,477$5,167,759$3,715,276$9,778,564
84$15,960,911$5,349,468$3,768,227$10,543,142
85$17,515,160$5,537,829$3,820,700$11,378,901
86$19,225,620$5,733,095$3,872,606$12,292,899
87$21,108,149$5,935,533$3,923,855$13,292,908
88$23,180,225$6,145,419$3,974,348$14,387,485
89$25,461,102$6,363,038$4,023,983$15,586,054
90$27,971,998$6,588,691$4,072,650$16,898,995
91$30,736,292$6,822,687$4,120,234$18,337,735
92$33,779,745$7,065,350$4,166,613$19,914,865
93$37,130,744$7,317,017$4,211,660$21,644,247
94$40,820,566$7,578,037$4,255,237$23,541,154
95$44,883,679$7,848,776$4,297,202$25,622,405
96$49,358,061$8,129,613$4,337,405$27,906,527
97$54,285,562$8,420,943$4,375,687$30,413,930
98$59,712,296$8,723,176$4,411,880$33,167,095
99$65,689,081$9,036,741$4,445,807$36,190,787
100$72,271,910$9,362,085$4,477,285$39,512,286