Can I retire at age 66 with 2,530,000?

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 $2,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$208,925$207,064$205,248$203,476$201,746$194,588
2 years$103,428$101,502$99,635$97,825$96,069$88,934
3 years$68,267$66,333$64,471$62,677$60,950$54,062
4 years$50,690$48,762$46,918$45,156$43,470$36,882
5 years$40,147$38,230$36,410$34,684$33,045$26,774
6 years$33,120$31,217$29,425$27,737$26,148$20,197
7 years$28,103$26,216$24,452$22,804$21,265$15,635
8 years$24,342$22,472$20,737$19,130$17,641$12,327
9 years$21,418$19,566$17,861$16,294$14,857$9,851
10 years$19,080$17,247$15,572$14,046$12,659$7,953
11 years$17,169$15,354$13,709$12,224$10,887$6,472
12 years$15,577$13,781$12,167$10,722$9,434$5,299
13 years$14,232$12,454$10,870$9,466$8,227$4,361
14 years$13,079$11,320$9,767$8,403$7,212$3,603
15 years$12,081$10,341$8,818$7,494$6,350$2,986
16 years$11,209$9,488$7,995$6,710$5,612$2,481
17 years$10,440$8,738$7,275$6,029$4,976$2,067
18 years$9,757$8,074$6,641$5,433$4,424$1,724
19 years$9,147$7,483$6,080$4,909$3,943$1,441
20 years$8,599$6,954$5,580$4,446$3,522$1,205
21 years$8,103$6,477$5,132$4,035$3,152$1,009
22 years$7,653$6,046$4,730$3,669$2,825$846
23 years$7,243$5,655$4,367$3,342$2,536$709
24 years$6,868$5,298$4,039$3,048$2,280$595
25 years$6,523$4,972$3,741$2,783$2,051$500
26 years$6,205$4,673$3,470$2,545$1,848$420
27 years$5,911$4,398$3,222$2,329$1,666$353
28 years$5,639$4,144$2,995$2,134$1,503$296
29 years$5,386$3,909$2,787$1,957$1,357$249
30 years$5,150$3,692$2,596$1,796$1,226$210
31 years$4,930$3,490$2,420$1,650$1,109$176
32 years$4,724$3,302$2,258$1,516$1,003$148
33 years$4,531$3,127$2,109$1,394$908$125
34 years$4,350$2,964$1,970$1,283$822$105
35 years$4,179$2,811$1,842$1,181$744$88
36 years$4,018$2,668$1,723$1,088$674$74
37 years$3,867$2,534$1,613$1,002$611$62
38 years$3,723$2,409$1,510$924$554$53
39 years$3,587$2,290$1,415$852$503$44
40 years$3,459$2,179$1,326$785$456$37
41 years$3,337$2,074$1,244$725$414$31
42 years$3,221$1,975$1,167$669$375$26
43 years$3,111$1,882$1,095$617$341$22
44 years$3,006$1,794$1,027$570$309$19
45 years$2,906$1,711$965$526$281$16
46 years$2,811$1,632$906$486$255$13
47 years$2,720$1,558$851$449$231$11
48 years$2,633$1,487$800$415$210$9
49 years$2,550$1,420$752$384$191$8
50 years$2,470$1,356$707$355$173$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,530,000, adding $2,046 every year, while hoping to spend $42,500 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: 69/6/25 Blend
65$2,530,000$2,530,000$2,530,000$2,530,000
66$2,790,170$2,656,080$2,616,865$2,964,724
67$3,029,548$2,741,009$2,659,311$3,166,921
68$3,291,918$2,828,674$2,701,754$3,383,022
69$3,579,580$2,919,166$2,744,149$3,618,524
70$3,895,068$3,012,576$2,786,449$3,875,347
71$4,241,173$3,109,000$2,828,603$4,155,606
72$4,620,968$3,208,536$2,870,556$4,461,631
73$5,037,839$3,311,286$2,912,252$4,795,987
74$5,495,514$3,417,355$2,953,628$5,161,501
75$5,998,103$3,526,852$2,994,621$5,561,287
76$6,550,130$3,639,888$3,035,162$5,998,776
77$7,156,581$3,756,581$3,075,177$6,477,747
78$7,822,948$3,877,048$3,114,591$7,002,363
79$8,555,280$4,001,416$3,153,321$7,577,212
80$9,360,244$4,129,810$3,191,283$8,207,349
81$10,245,182$4,262,364$3,228,384$8,898,342
82$11,218,185$4,399,214$3,264,530$9,656,326
83$12,288,167$4,540,502$3,299,618$10,488,062
84$13,464,946$4,686,374$3,333,541$11,400,999
85$14,759,344$4,836,979$3,366,188$12,403,345
86$16,183,281$4,992,475$3,397,440$13,504,143
87$17,749,892$5,153,023$3,427,170$14,713,359
88$19,473,649$5,318,788$3,455,248$16,041,973
89$21,370,496$5,489,945$3,481,534$17,502,085
90$23,458,004$5,666,669$3,505,883$19,107,029
91$25,755,531$5,849,147$3,528,141$20,871,496
92$28,284,408$6,037,567$3,548,146$22,811,676
93$31,068,136$6,232,127$3,565,728$24,945,409
94$34,132,615$6,433,030$3,580,708$27,292,353
95$37,506,380$6,640,486$3,592,900$29,874,172
96$41,220,874$6,854,713$3,602,106$32,714,739
97$45,310,745$7,075,936$3,608,118$35,840,358
98$49,814,171$7,304,387$3,610,720$39,280,020
99$54,773,222$7,540,307$3,609,684$43,065,668
100$60,234,252$7,783,944$3,604,771$47,232,505