Can I retire at age 66 with 2,500,000?

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 $2,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$206,448$204,609$202,815$201,063$199,354$197,272
2 years$102,202$100,298$98,454$96,665$94,930$92,834
3 years$67,458$65,546$63,706$61,934$60,228$58,181
4 years$50,089$48,183$46,362$44,620$42,955$40,975
5 years$39,671$37,776$35,979$34,273$32,654$30,746
6 years$32,727$30,847$29,076$27,408$25,838$24,004
7 years$27,770$25,905$24,162$22,534$21,013$19,254
8 years$24,053$22,206$20,492$18,903$17,432$15,749
9 years$21,164$19,334$17,649$16,101$14,680$13,071
10 years$18,854$17,042$15,387$13,879$12,509$10,973
11 years$16,965$15,172$13,547$12,079$10,758$9,294
12 years$15,393$13,617$12,022$10,595$9,322$7,929
13 years$14,063$12,306$10,741$9,354$8,129$6,805
14 years$12,924$11,186$9,651$8,303$7,126$5,869
15 years$11,938$10,218$8,713$7,405$6,274$5,082
16 years$11,076$9,375$7,900$6,630$5,545$4,417
17 years$10,316$8,634$7,189$5,957$4,917$3,849
18 years$9,642$7,978$6,562$5,369$4,372$3,363
19 years$9,039$7,394$6,008$4,851$3,897$2,945
20 years$8,497$6,871$5,513$4,394$3,481$2,583
21 years$8,007$6,400$5,071$3,988$3,115$2,270
22 years$7,562$5,974$4,674$3,626$2,792$1,997
23 years$7,157$5,588$4,316$3,302$2,506$1,760
24 years$6,786$5,235$3,991$3,012$2,253$1,552
25 years$6,445$4,913$3,697$2,750$2,027$1,370
26 years$6,131$4,617$3,428$2,515$1,826$1,210
27 years$5,841$4,346$3,184$2,302$1,646$1,070
28 years$5,572$4,095$2,960$2,109$1,485$946
29 years$5,322$3,863$2,754$1,934$1,341$838
30 years$5,089$3,648$2,565$1,775$1,212$742
31 years$4,871$3,449$2,392$1,630$1,096$657
32 years$4,668$3,263$2,231$1,498$991$582
33 years$4,477$3,090$2,084$1,378$897$516
34 years$4,298$2,929$1,947$1,268$812$458
35 years$4,129$2,778$1,820$1,167$736$406
36 years$3,971$2,637$1,703$1,075$666$360
37 years$3,821$2,504$1,594$990$604$320
38 years$3,679$2,380$1,492$913$548$284
39 years$3,545$2,263$1,398$841$497$252
40 years$3,418$2,153$1,310$776$450$224
41 years$3,297$2,050$1,229$716$409$199
42 years$3,183$1,952$1,153$661$371$176
43 years$3,074$1,860$1,082$610$337$157
44 years$2,970$1,773$1,015$563$305$139
45 years$2,872$1,691$953$520$277$124
46 years$2,777$1,613$895$481$252$110
47 years$2,688$1,539$841$444$229$98
48 years$2,602$1,469$791$410$208$87
49 years$2,519$1,403$743$379$189$77
50 years$2,441$1,340$699$350$171$68

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,500,000, adding $4,383 every year, while hoping to spend $34,803 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: 61/12/27 Blend
65$2,500,000$2,500,000$2,500,000$2,500,000
66$2,759,521$2,627,021$2,588,271$2,907,590
67$3,003,962$2,718,715$2,637,948$3,100,518
68$3,272,170$2,813,735$2,688,123$3,306,865
69$3,566,531$2,912,209$2,738,775$3,531,363
70$3,889,677$3,014,266$2,789,883$3,775,792
71$4,244,502$3,120,044$2,841,423$4,042,110
72$4,634,200$3,229,685$2,893,369$4,332,471
73$5,062,285$3,343,336$2,945,694$4,649,250
74$5,532,629$3,461,150$2,998,366$4,995,062
75$6,049,500$3,583,289$3,051,353$5,372,785
76$6,617,596$3,709,917$3,104,620$5,785,590
77$7,242,095$3,841,208$3,158,130$6,236,969
78$7,928,704$3,977,342$3,211,842$6,730,768
79$8,683,705$4,118,505$3,265,713$7,271,223
80$9,514,025$4,264,894$3,319,695$7,863,002
81$10,427,291$4,416,709$3,373,741$8,511,244
82$11,431,910$4,574,163$3,427,796$9,221,612
83$12,537,142$4,737,475$3,481,805$10,000,344
84$13,753,193$4,906,873$3,535,708$10,854,310
85$15,091,304$5,082,595$3,589,439$11,791,081
86$16,563,864$5,264,889$3,642,933$12,818,997
87$18,184,522$5,454,013$3,696,115$13,947,245
88$19,968,319$5,650,235$3,748,910$15,185,949
89$21,931,826$5,853,835$3,801,237$16,546,260
90$24,093,302$6,065,103$3,853,009$18,040,467
91$26,472,869$6,284,343$3,904,134$19,682,108
92$29,092,696$6,511,870$3,954,517$21,486,097
93$31,977,212$6,748,013$4,004,055$23,468,872
94$35,153,337$6,993,115$4,052,640$25,648,539
95$38,650,732$7,247,532$4,100,158$28,045,051
96$42,502,081$7,511,636$4,146,488$30,680,393
97$46,743,401$7,785,813$4,191,503$33,578,788
98$51,414,377$8,070,468$4,235,067$36,766,929
99$56,558,742$8,366,019$4,277,041$40,274,226
100$62,224,686$8,672,906$4,317,274$44,133,087