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

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 $2,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$207,273$205,427$203,626$201,868$200,151$192,514
2 years$102,611$100,700$98,848$97,052$95,310$87,706
3 years$67,728$65,808$63,961$62,182$60,469$53,136
4 years$50,289$48,376$46,547$44,799$43,127$36,122
5 years$39,829$37,927$36,122$34,410$32,784$26,126
6 years$32,858$30,971$29,192$27,518$25,941$19,633
7 years$27,881$26,009$24,259$22,624$21,097$15,137
8 years$24,149$22,295$20,574$18,979$17,502$11,885
9 years$21,249$19,411$17,720$16,166$14,739$9,457
10 years$18,930$17,110$15,449$13,935$12,559$7,601
11 years$17,033$15,232$13,601$12,127$10,801$6,158
12 years$15,454$13,672$12,070$10,637$9,360$5,018
13 years$14,119$12,355$10,784$9,391$8,162$4,110
14 years$12,976$11,230$9,690$8,337$7,155$3,379
15 years$11,986$10,259$8,748$7,435$6,300$2,787
16 years$11,120$9,413$7,932$6,657$5,568$2,304
17 years$10,357$8,669$7,217$5,981$4,937$1,909
18 years$9,680$8,010$6,589$5,390$4,389$1,584
19 years$9,075$7,424$6,032$4,871$3,912$1,317
20 years$8,531$6,899$5,535$4,411$3,495$1,096
21 years$8,039$6,426$5,092$4,003$3,127$912
22 years$7,593$5,998$4,693$3,640$2,803$761
23 years$7,186$5,610$4,333$3,315$2,516$634
24 years$6,813$5,256$4,007$3,024$2,262$529
25 years$6,471$4,933$3,711$2,761$2,035$442
26 years$6,156$4,636$3,442$2,525$1,833$369
27 years$5,864$4,363$3,196$2,311$1,653$308
28 years$5,594$4,111$2,971$2,117$1,491$258
29 years$5,343$3,878$2,765$1,942$1,347$215
30 years$5,109$3,663$2,576$1,782$1,217$180
31 years$4,891$3,463$2,401$1,637$1,100$151
32 years$4,687$3,276$2,240$1,504$995$126
33 years$4,495$3,103$2,092$1,383$901$105
34 years$4,315$2,941$1,954$1,273$815$88
35 years$4,146$2,789$1,827$1,171$738$74
36 years$3,986$2,647$1,709$1,079$669$62
37 years$3,836$2,514$1,600$994$606$52
38 years$3,694$2,390$1,498$916$550$43
39 years$3,559$2,272$1,404$845$499$36
40 years$3,432$2,162$1,316$779$452$30
41 years$3,311$2,058$1,234$719$410$25
42 years$3,196$1,960$1,157$664$372$21
43 years$3,086$1,867$1,086$612$338$18
44 years$2,982$1,780$1,019$566$307$15
45 years$2,883$1,697$957$522$278$12
46 years$2,789$1,619$899$482$253$10
47 years$2,698$1,545$845$446$230$9
48 years$2,612$1,475$794$412$208$7
49 years$2,530$1,409$746$381$189$6
50 years$2,451$1,346$701$352$172$5

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 $6,707 every year, while hoping to spend $58,041 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: 27/45/28 Blend
65$2,510,000$2,510,000$2,510,000$2,510,000
66$2,772,938$2,639,908$2,601,003$2,823,499
67$2,994,023$2,707,509$2,626,382$2,932,585
68$3,235,713$2,776,476$2,650,665$3,044,195
69$3,500,048$2,846,816$2,673,755$3,162,850
70$3,789,276$2,918,534$2,695,549$3,289,190
71$4,105,871$2,991,630$2,715,938$3,423,921
72$4,452,556$3,066,106$2,734,808$3,567,820
73$4,832,331$3,141,959$2,752,039$3,721,745
74$5,248,500$3,219,187$2,767,503$3,886,641
75$5,704,701$3,297,781$2,781,069$4,063,547
76$6,204,942$3,377,734$2,792,596$4,253,613
77$6,753,636$3,459,032$2,801,938$4,458,104
78$7,355,643$3,541,662$2,808,940$4,678,413
79$8,016,320$3,625,604$2,813,440$4,916,079
80$8,741,563$3,710,837$2,815,269$5,172,798
81$9,537,869$3,797,335$2,814,247$5,450,438
82$10,412,396$3,885,069$2,810,189$5,751,062
83$11,373,027$3,974,004$2,802,897$6,076,943
84$12,428,448$4,064,101$2,792,165$6,430,586
85$13,588,225$4,155,318$2,777,778$6,814,756
86$14,862,900$4,247,605$2,759,510$7,232,501
87$16,264,085$4,340,906$2,737,123$7,687,181
88$17,804,574$4,435,163$2,710,368$8,182,503
89$19,498,461$4,530,307$2,678,987$8,722,554
90$21,361,277$4,626,265$2,642,705$9,311,840
91$23,410,129$4,722,954$2,601,238$9,955,333
92$25,663,870$4,820,286$2,554,287$10,658,511
93$28,143,269$4,918,164$2,501,540$11,427,420
94$30,871,209$5,016,481$2,442,668$12,268,722
95$33,872,904$5,115,121$2,377,330$13,189,767
96$37,176,137$5,213,959$2,305,167$14,198,658
97$40,811,518$5,312,857$2,225,805$15,304,331
98$44,812,776$5,411,670$2,138,852$16,516,638
99$49,217,074$5,510,237$2,043,899$17,846,443
100$54,065,362$5,608,385$1,940,516$19,305,726