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

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 $2,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$206,448$204,609$202,815$201,063$199,354$195,010
2 years$102,202$100,298$98,454$96,665$94,930$90,576
3 years$67,458$65,546$63,706$61,934$60,228$55,998
4 years$50,089$48,183$46,362$44,620$42,955$38,884
5 years$39,671$37,776$35,979$34,273$32,654$28,752
6 years$32,727$30,847$29,076$27,408$25,838$22,109
7 years$27,770$25,905$24,162$22,534$21,013$17,459
8 years$24,053$22,206$20,492$18,903$17,432$14,051
9 years$21,164$19,334$17,649$16,101$14,680$11,470
10 years$18,854$17,042$15,387$13,879$12,509$9,465
11 years$16,965$15,172$13,547$12,079$10,758$7,877
12 years$15,393$13,617$12,022$10,595$9,322$6,601
13 years$14,063$12,306$10,741$9,354$8,129$5,562
14 years$12,924$11,186$9,651$8,303$7,126$4,707
15 years$11,938$10,218$8,713$7,405$6,274$3,999
16 years$11,076$9,375$7,900$6,630$5,545$3,408
17 years$10,316$8,634$7,189$5,957$4,917$2,911
18 years$9,642$7,978$6,562$5,369$4,372$2,493
19 years$9,039$7,394$6,008$4,851$3,897$2,138
20 years$8,497$6,871$5,513$4,394$3,481$1,837
21 years$8,007$6,400$5,071$3,988$3,115$1,580
22 years$7,562$5,974$4,674$3,626$2,792$1,361
23 years$7,157$5,588$4,316$3,302$2,506$1,173
24 years$6,786$5,235$3,991$3,012$2,253$1,012
25 years$6,445$4,913$3,697$2,750$2,027$874
26 years$6,131$4,617$3,428$2,515$1,826$755
27 years$5,841$4,346$3,184$2,302$1,646$653
28 years$5,572$4,095$2,960$2,109$1,485$565
29 years$5,322$3,863$2,754$1,934$1,341$488
30 years$5,089$3,648$2,565$1,775$1,212$423
31 years$4,871$3,449$2,392$1,630$1,096$366
32 years$4,668$3,263$2,231$1,498$991$317
33 years$4,477$3,090$2,084$1,378$897$274
34 years$4,298$2,929$1,947$1,268$812$238
35 years$4,129$2,778$1,820$1,167$736$206
36 years$3,971$2,637$1,703$1,075$666$178
37 years$3,821$2,504$1,594$990$604$155
38 years$3,679$2,380$1,492$913$548$134
39 years$3,545$2,263$1,398$841$497$116
40 years$3,418$2,153$1,310$776$450$101
41 years$3,297$2,050$1,229$716$409$87
42 years$3,183$1,952$1,153$661$371$76
43 years$3,074$1,860$1,082$610$337$66
44 years$2,970$1,773$1,015$563$305$57
45 years$2,872$1,691$953$520$277$49
46 years$2,777$1,613$895$481$252$43
47 years$2,688$1,539$841$444$229$37
48 years$2,602$1,469$791$410$208$32
49 years$2,519$1,403$743$379$189$28
50 years$2,441$1,340$699$350$171$24

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 $4,745 every year, while hoping to spend $20,513 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: 48/38/14 Blend
65$2,500,000$2,500,000$2,500,000$2,500,000
66$2,759,894$2,627,394$2,588,644$2,881,403
67$3,019,578$2,734,311$2,653,538$3,072,705
68$3,305,062$2,845,779$2,719,919$3,277,802
69$3,618,956$2,962,000$2,787,814$3,500,042
70$3,964,135$3,083,184$2,857,252$3,741,035
71$4,343,769$3,209,552$2,928,261$4,002,547
72$4,761,347$3,341,333$3,000,871$4,286,522
73$5,220,714$3,478,769$3,075,111$4,595,094
74$5,726,110$3,622,111$3,151,009$4,930,608
75$6,282,201$3,771,622$3,228,596$5,295,644
76$6,894,132$3,927,579$3,307,901$5,693,037
77$7,567,572$4,090,269$3,388,954$6,125,904
78$8,308,765$4,259,992$3,471,785$6,597,674
79$9,124,593$4,437,066$3,556,423$7,112,115
80$10,022,637$4,621,818$3,642,899$7,673,375
81$11,011,253$4,814,594$3,731,244$8,286,015
82$12,099,647$5,015,755$3,821,486$8,955,052
83$13,297,962$5,225,678$3,913,657$9,686,008
84$14,617,376$5,444,758$4,007,787$10,484,956
85$16,070,206$5,673,409$4,103,905$11,358,581
86$17,670,022$5,912,061$4,202,041$12,314,238
87$19,431,781$6,161,169$4,302,226$13,360,022
88$21,371,960$6,421,204$4,404,488$14,504,843
89$23,508,720$6,692,662$4,508,858$15,758,508
90$25,862,068$6,976,061$4,615,363$17,131,813
91$28,454,055$7,271,944$4,724,034$18,636,640
92$31,308,977$7,580,878$4,834,898$20,286,073
93$34,453,609$7,903,457$4,947,983$22,094,513
94$37,917,453$8,240,303$5,063,316$24,077,821
95$41,733,021$8,592,065$5,180,925$26,253,455
96$45,936,138$8,959,426$5,300,835$28,640,641
97$50,566,284$9,343,097$5,423,073$31,260,550
98$55,666,961$9,743,825$5,547,662$34,136,495
99$61,286,108$10,162,390$5,674,626$37,294,149
100$67,476,555$10,599,610$5,803,989$40,761,784