Can I retire at age 66 with 2,510,000?

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 $2,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$207,273$205,427$203,626$201,868$200,151$196,512
2 years$102,611$100,700$98,848$97,052$95,310$91,657
3 years$67,728$65,808$63,961$62,182$60,469$56,915
4 years$50,289$48,376$46,547$44,799$43,127$39,700
5 years$39,829$37,927$36,122$34,410$32,784$29,494
6 years$32,858$30,971$29,192$27,518$25,941$22,792
7 years$27,881$26,009$24,259$22,624$21,097$18,089
8 years$24,149$22,295$20,574$18,979$17,502$14,634
9 years$21,249$19,411$17,720$16,166$14,739$12,010
10 years$18,930$17,110$15,449$13,935$12,559$9,966
11 years$17,033$15,232$13,601$12,127$10,801$8,342
12 years$15,454$13,672$12,070$10,637$9,360$7,031
13 years$14,119$12,355$10,784$9,391$8,162$5,960
14 years$12,976$11,230$9,690$8,337$7,155$5,075
15 years$11,986$10,259$8,748$7,435$6,300$4,338
16 years$11,120$9,413$7,932$6,657$5,568$3,720
17 years$10,357$8,669$7,217$5,981$4,937$3,199
18 years$9,680$8,010$6,589$5,390$4,389$2,757
19 years$9,075$7,424$6,032$4,871$3,912$2,381
20 years$8,531$6,899$5,535$4,411$3,495$2,059
21 years$8,039$6,426$5,092$4,003$3,127$1,784
22 years$7,593$5,998$4,693$3,640$2,803$1,547
23 years$7,186$5,610$4,333$3,315$2,516$1,343
24 years$6,813$5,256$4,007$3,024$2,262$1,167
25 years$6,471$4,933$3,711$2,761$2,035$1,015
26 years$6,156$4,636$3,442$2,525$1,833$883
27 years$5,864$4,363$3,196$2,311$1,653$769
28 years$5,594$4,111$2,971$2,117$1,491$670
29 years$5,343$3,878$2,765$1,942$1,347$584
30 years$5,109$3,663$2,576$1,782$1,217$509
31 years$4,891$3,463$2,401$1,637$1,100$444
32 years$4,687$3,276$2,240$1,504$995$387
33 years$4,495$3,103$2,092$1,383$901$338
34 years$4,315$2,941$1,954$1,273$815$295
35 years$4,146$2,789$1,827$1,171$738$257
36 years$3,986$2,647$1,709$1,079$669$225
37 years$3,836$2,514$1,600$994$606$196
38 years$3,694$2,390$1,498$916$550$171
39 years$3,559$2,272$1,404$845$499$150
40 years$3,432$2,162$1,316$779$452$131
41 years$3,311$2,058$1,234$719$410$114
42 years$3,196$1,960$1,157$664$372$100
43 years$3,086$1,867$1,086$612$338$87
44 years$2,982$1,780$1,019$566$307$76
45 years$2,883$1,697$957$522$278$67
46 years$2,789$1,619$899$482$253$58
47 years$2,698$1,545$845$446$230$51
48 years$2,612$1,475$794$412$208$44
49 years$2,530$1,409$746$381$189$39
50 years$2,451$1,346$701$352$172$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,510,000, adding $6,300 every year, while hoping to spend $46,613 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: 62/22/16 Blend
65$2,510,000$2,510,000$2,510,000$2,510,000
66$2,772,518$2,639,488$2,600,583$2,932,953
67$3,005,719$2,719,228$2,638,107$3,121,345
68$3,261,145$2,801,312$2,675,326$3,321,084
69$3,541,012$2,885,806$2,712,179$3,538,022
70$3,847,763$2,972,779$2,748,606$3,773,834
71$4,184,089$3,062,298$2,784,537$4,030,362
72$4,552,951$3,154,436$2,819,904$4,309,635
73$4,957,612$3,249,264$2,854,632$4,613,888
74$5,401,667$3,346,857$2,888,641$4,945,580
75$5,889,075$3,447,290$2,921,848$5,307,420
76$6,424,196$3,550,643$2,954,165$5,702,391
77$7,011,835$3,656,995$2,985,500$6,133,778
78$7,657,282$3,766,428$3,015,754$6,605,200
79$8,366,367$3,879,025$3,044,824$7,120,642
80$9,145,512$3,994,873$3,072,602$7,684,494
81$10,001,792$4,114,060$3,098,972$8,301,590
82$10,943,001$4,236,675$3,123,813$8,977,258
83$11,977,725$4,362,810$3,146,999$9,717,364
84$13,115,425$4,492,560$3,168,396$10,528,372
85$14,366,524$4,626,021$3,187,863$11,417,402
86$15,742,505$4,763,291$3,205,251$12,392,299
87$17,256,019$4,904,471$3,220,406$13,461,703
88$18,921,007$5,049,664$3,233,164$14,635,137
89$20,752,827$5,198,975$3,243,352$15,923,091
90$22,768,402$5,352,512$3,250,791$17,337,121
91$24,986,378$5,510,383$3,255,291$18,889,961
92$27,427,298$5,672,702$3,256,653$20,595,642
93$30,113,800$5,839,582$3,254,669$22,469,621
94$33,070,826$6,011,139$3,249,118$24,528,932
95$36,325,860$6,187,494$3,239,773$26,792,341
96$39,909,183$6,368,768$3,226,391$29,280,528
97$43,854,166$6,555,083$3,208,721$32,016,279
98$48,197,575$6,746,567$3,186,498$35,024,700
99$52,979,926$6,943,347$3,159,444$38,333,457
100$58,245,863$7,145,555$3,127,269$41,973,035