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%17.7%
1 years$207,273$205,427$203,626$201,868$200,151$193,899
2 years$102,611$100,700$98,848$97,052$95,310$89,067
3 years$67,728$65,808$63,961$62,182$60,469$54,430
4 years$50,289$48,376$46,547$44,799$43,127$37,340
5 years$39,829$37,927$36,122$34,410$32,784$27,264
6 years$32,858$30,971$29,192$27,518$25,941$20,692
7 years$27,881$26,009$24,259$22,624$21,097$16,119
8 years$24,149$22,295$20,574$18,979$17,502$12,791
9 years$21,249$19,411$17,720$16,166$14,739$10,291
10 years$18,930$17,110$15,449$13,935$12,559$8,366
11 years$17,033$15,232$13,601$12,127$10,801$6,857
12 years$15,454$13,672$12,070$10,637$9,360$5,656
13 years$14,119$12,355$10,784$9,391$8,162$4,689
14 years$12,976$11,230$9,690$8,337$7,155$3,904
15 years$11,986$10,259$8,748$7,435$6,300$3,261
16 years$11,120$9,413$7,932$6,657$5,568$2,731
17 years$10,357$8,669$7,217$5,981$4,937$2,293
18 years$9,680$8,010$6,589$5,390$4,389$1,929
19 years$9,075$7,424$6,032$4,871$3,912$1,625
20 years$8,531$6,899$5,535$4,411$3,495$1,371
21 years$8,039$6,426$5,092$4,003$3,127$1,158
22 years$7,593$5,998$4,693$3,640$2,803$979
23 years$7,186$5,610$4,333$3,315$2,516$828
24 years$6,813$5,256$4,007$3,024$2,262$701
25 years$6,471$4,933$3,711$2,761$2,035$594
26 years$6,156$4,636$3,442$2,525$1,833$503
27 years$5,864$4,363$3,196$2,311$1,653$427
28 years$5,594$4,111$2,971$2,117$1,491$362
29 years$5,343$3,878$2,765$1,942$1,347$307
30 years$5,109$3,663$2,576$1,782$1,217$260
31 years$4,891$3,463$2,401$1,637$1,100$221
32 years$4,687$3,276$2,240$1,504$995$188
33 years$4,495$3,103$2,092$1,383$901$159
34 years$4,315$2,941$1,954$1,273$815$135
35 years$4,146$2,789$1,827$1,171$738$115
36 years$3,986$2,647$1,709$1,079$669$97
37 years$3,836$2,514$1,600$994$606$83
38 years$3,694$2,390$1,498$916$550$70
39 years$3,559$2,272$1,404$845$499$60
40 years$3,432$2,162$1,316$779$452$51
41 years$3,311$2,058$1,234$719$410$43
42 years$3,196$1,960$1,157$664$372$37
43 years$3,086$1,867$1,086$612$338$31
44 years$2,982$1,780$1,019$566$307$26
45 years$2,883$1,697$957$522$278$22
46 years$2,789$1,619$899$482$253$19
47 years$2,698$1,545$845$446$230$16
48 years$2,612$1,475$794$412$208$14
49 years$2,530$1,409$746$381$189$12
50 years$2,451$1,346$701$352$172$10

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 $4,487 every year, while hoping to spend $53,653 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: 31/42/27 Blend
65$2,510,000$2,510,000$2,510,000$2,510,000
66$2,770,648$2,637,618$2,598,713$2,833,465
67$2,996,168$2,709,775$2,628,684$2,954,441
68$3,242,893$2,783,670$2,657,860$3,079,535
69$3,512,928$2,859,330$2,686,159$3,213,129
70$3,808,594$2,936,784$2,713,493$3,356,004
71$4,132,444$3,016,061$2,739,768$3,509,018
72$4,487,292$3,097,185$2,764,888$3,673,118
73$4,876,234$3,180,186$2,788,750$3,849,343
74$5,302,682$3,265,087$2,811,246$4,038,842
75$5,770,393$3,351,914$2,832,260$4,242,877
76$6,283,506$3,440,691$2,851,674$4,462,838
77$6,846,580$3,531,441$2,869,361$4,700,259
78$7,464,635$3,624,186$2,885,189$4,956,828
79$8,143,202$3,718,945$2,899,017$5,234,403
80$8,888,375$3,815,739$2,910,700$5,535,034
81$9,706,864$3,914,585$2,920,083$5,860,978
82$10,606,062$4,015,498$2,927,004$6,214,724
83$11,594,116$4,118,493$2,931,294$6,599,013
84$12,679,997$4,223,580$2,932,774$7,016,865
85$13,873,591$4,330,771$2,931,257$7,471,610
86$15,185,790$4,440,071$2,926,546$7,966,917
87$16,628,591$4,551,485$2,918,436$8,506,829
88$18,215,215$4,665,015$2,906,711$9,095,803
89$19,960,225$4,780,658$2,891,144$9,738,751
90$21,879,668$4,898,411$2,871,497$10,441,086
91$23,991,224$5,018,264$2,847,523$11,208,775
92$26,314,375$5,140,204$2,818,960$12,048,396
93$28,870,581$5,264,214$2,785,536$12,967,196
94$31,683,494$5,390,274$2,746,964$13,973,166
95$34,779,169$5,518,356$2,702,946$15,075,112
96$38,186,317$5,648,429$2,653,168$16,282,742
97$41,936,575$5,780,455$2,597,303$17,606,755
98$46,064,799$5,914,391$2,535,006$19,058,944
99$50,609,399$6,050,186$2,465,919$20,652,308
100$55,612,696$6,187,784$2,389,666$22,401,177