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%13.4%
1 years$206,448$204,609$202,815$201,063$199,354$196,537
2 years$102,202$100,298$98,454$96,665$94,930$92,098
3 years$67,458$65,546$63,706$61,934$60,228$57,468
4 years$50,089$48,183$46,362$44,620$42,955$40,289
5 years$39,671$37,776$35,979$34,273$32,654$30,089
6 years$32,727$30,847$29,076$27,408$25,838$23,377
7 years$27,770$25,905$24,162$22,534$21,013$18,658
8 years$24,053$22,206$20,492$18,903$17,432$15,182
9 years$21,164$19,334$17,649$16,101$14,680$12,534
10 years$18,854$17,042$15,387$13,879$12,509$10,465
11 years$16,965$15,172$13,547$12,079$10,758$8,814
12 years$15,393$13,617$12,022$10,595$9,322$7,477
13 years$14,063$12,306$10,741$9,354$8,129$6,379
14 years$12,924$11,186$9,651$8,303$7,126$5,469
15 years$11,938$10,218$8,713$7,405$6,274$4,707
16 years$11,076$9,375$7,900$6,630$5,545$4,065
17 years$10,316$8,634$7,189$5,957$4,917$3,521
18 years$9,642$7,978$6,562$5,369$4,372$3,056
19 years$9,039$7,394$6,008$4,851$3,897$2,659
20 years$8,497$6,871$5,513$4,394$3,481$2,317
21 years$8,007$6,400$5,071$3,988$3,115$2,022
22 years$7,562$5,974$4,674$3,626$2,792$1,767
23 years$7,157$5,588$4,316$3,302$2,506$1,546
24 years$6,786$5,235$3,991$3,012$2,253$1,354
25 years$6,445$4,913$3,697$2,750$2,027$1,187
26 years$6,131$4,617$3,428$2,515$1,826$1,041
27 years$5,841$4,346$3,184$2,302$1,646$914
28 years$5,572$4,095$2,960$2,109$1,485$802
29 years$5,322$3,863$2,754$1,934$1,341$705
30 years$5,089$3,648$2,565$1,775$1,212$620
31 years$4,871$3,449$2,392$1,630$1,096$545
32 years$4,668$3,263$2,231$1,498$991$479
33 years$4,477$3,090$2,084$1,378$897$422
34 years$4,298$2,929$1,947$1,268$812$371
35 years$4,129$2,778$1,820$1,167$736$327
36 years$3,971$2,637$1,703$1,075$666$288
37 years$3,821$2,504$1,594$990$604$254
38 years$3,679$2,380$1,492$913$548$223
39 years$3,545$2,263$1,398$841$497$197
40 years$3,418$2,153$1,310$776$450$173
41 years$3,297$2,050$1,229$716$409$153
42 years$3,183$1,952$1,153$661$371$135
43 years$3,074$1,860$1,082$610$337$119
44 years$2,970$1,773$1,015$563$305$105
45 years$2,872$1,691$953$520$277$92
46 years$2,777$1,613$895$481$252$81
47 years$2,688$1,539$841$444$229$72
48 years$2,602$1,469$791$410$208$63
49 years$2,519$1,403$743$379$189$56
50 years$2,441$1,340$699$350$171$49

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 $4,618 every year, while hoping to spend $29,242 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: 55/39/6 Blend
65$2,500,000$2,500,000$2,500,000$2,500,000
66$2,759,763$2,627,263$2,588,513$2,907,678
67$3,010,146$2,724,886$2,644,115$3,105,592
68$3,285,088$2,826,312$2,700,600$3,317,307
69$3,587,062$2,931,697$2,757,966$3,547,083
70$3,918,796$3,041,203$2,816,211$3,796,639
71$4,283,290$3,155,000$2,875,331$4,067,863
72$4,683,853$3,273,262$2,935,322$4,362,833
73$5,124,130$3,396,176$2,996,179$4,683,832
74$5,608,134$3,523,931$3,057,894$5,033,371
75$6,140,289$3,656,729$3,120,458$5,414,212
76$6,725,467$3,794,778$3,183,863$5,829,395
77$7,369,038$3,938,295$3,248,096$6,282,261
78$8,076,917$4,087,509$3,313,144$6,776,488
79$8,855,621$4,242,655$3,378,993$7,316,122
80$9,712,331$4,403,982$3,445,625$7,905,616
81$10,654,959$4,571,746$3,513,024$8,549,869
82$11,692,221$4,746,219$3,581,167$9,254,275
83$12,833,724$4,927,680$3,650,032$10,024,768
84$14,090,050$5,116,422$3,719,594$10,867,882
85$15,472,861$5,312,753$3,789,827$11,790,808
86$16,995,006$5,516,991$3,860,699$12,801,463
87$18,670,643$5,729,470$3,932,179$13,908,562
88$20,515,373$5,950,538$4,004,231$15,121,703
89$22,546,385$6,180,559$4,076,817$16,451,449
90$24,782,622$6,419,911$4,149,896$17,909,435
91$27,244,955$6,668,992$4,223,422$19,508,470
92$29,956,382$6,928,215$4,297,349$21,262,661
93$32,942,247$7,198,011$4,371,624$23,187,540
94$36,230,475$7,478,833$4,446,192$25,300,215
95$39,851,838$7,771,150$4,520,995$27,619,527
96$43,840,245$8,075,456$4,595,967$30,166,224
97$48,233,060$8,392,263$4,671,042$32,963,159
98$53,071,456$8,722,109$4,746,146$36,035,504
99$58,400,807$9,065,554$4,821,204$39,410,982
100$64,271,106$9,423,183$4,896,132$43,120,131