Can I retire at age 66 with 2,540,000?

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 $2,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$209,751$207,882$206,060$204,280$202,543$201,098
2 years$103,837$101,903$100,029$98,212$96,449$94,992
3 years$68,537$66,595$64,725$62,925$61,191$59,767
4 years$50,891$48,954$47,103$45,334$43,642$42,262
5 years$40,305$38,381$36,554$34,821$33,176$31,844
6 years$33,251$31,341$29,541$27,847$26,251$24,969
7 years$28,214$26,320$24,549$22,894$21,349$20,117
8 years$24,438$22,561$20,819$19,205$17,711$16,530
9 years$21,503$19,643$17,932$16,359$14,915$13,784
10 years$19,156$17,315$15,633$14,101$12,709$11,627
11 years$17,237$15,414$13,763$12,272$10,930$9,897
12 years$15,639$13,835$12,215$10,765$9,472$8,486
13 years$14,288$12,503$10,913$9,503$8,259$7,321
14 years$13,131$11,365$9,805$8,436$7,240$6,347
15 years$12,129$10,382$8,853$7,524$6,375$5,526
16 years$11,253$9,525$8,026$6,737$5,634$4,828
17 years$10,481$8,772$7,304$6,053$4,996$4,232
18 years$9,796$8,106$6,667$5,455$4,442$3,718
19 years$9,183$7,513$6,104$4,929$3,959$3,275
20 years$8,633$6,981$5,602$4,464$3,536$2,890
21 years$8,135$6,503$5,152$4,051$3,165$2,554
22 years$7,683$6,070$4,749$3,684$2,837$2,261
23 years$7,272$5,677$4,385$3,355$2,546$2,004
24 years$6,895$5,319$4,055$3,060$2,289$1,778
25 years$6,549$4,992$3,756$2,794$2,059$1,579
26 years$6,229$4,691$3,483$2,555$1,855$1,404
27 years$5,934$4,415$3,235$2,339$1,673$1,249
28 years$5,661$4,160$3,007$2,143$1,509$1,112
29 years$5,407$3,925$2,798$1,965$1,363$991
30 years$5,170$3,707$2,606$1,803$1,231$883
31 years$4,949$3,504$2,430$1,656$1,113$787
32 years$4,743$3,315$2,267$1,522$1,007$703
33 years$4,549$3,140$2,117$1,400$911$627
34 years$4,367$2,976$1,978$1,288$825$560
35 years$4,195$2,822$1,849$1,185$747$500
36 years$4,034$2,679$1,730$1,092$677$447
37 years$3,882$2,544$1,619$1,006$614$399
38 years$3,738$2,418$1,516$927$556$357
39 years$3,602$2,299$1,421$855$505$319
40 years$3,473$2,188$1,331$789$458$285
41 years$3,350$2,082$1,248$728$415$255
42 years$3,234$1,983$1,171$671$377$228
43 years$3,123$1,890$1,099$620$342$204
44 years$3,018$1,801$1,032$572$310$182
45 years$2,918$1,718$969$529$282$163
46 years$2,822$1,639$910$488$256$146
47 years$2,731$1,564$855$451$232$130
48 years$2,643$1,493$803$417$211$117
49 years$2,560$1,425$755$385$192$104
50 years$2,480$1,362$710$356$174$93

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,540,000, adding $2,535 every year, while hoping to spend $37,004 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: 38/33/29 Blend
65$2,540,000$2,540,000$2,540,000$2,540,000
66$2,801,695$2,667,075$2,627,705$2,883,893
67$3,048,096$2,758,390$2,676,361$3,035,983
68$3,318,389$2,852,938$2,725,407$3,196,681
69$3,614,974$2,950,841$2,774,817$3,369,661
70$3,940,490$3,052,221$2,824,562$3,556,064
71$4,297,848$3,157,208$2,874,612$3,757,143
72$4,690,252$3,265,935$2,924,936$3,974,278
73$5,121,233$3,378,541$2,975,497$4,208,984
74$5,594,680$3,495,171$3,026,257$4,462,929
75$6,114,879$3,615,975$3,077,178$4,737,947
76$6,686,547$3,741,109$3,128,215$5,036,056
77$7,314,887$3,870,735$3,179,321$5,359,476
78$8,005,626$4,005,022$3,230,449$5,710,649
79$8,765,076$4,144,144$3,281,545$6,092,263
80$9,600,190$4,288,284$3,332,554$6,507,276
81$10,518,630$4,437,630$3,383,415$6,958,946
82$11,528,837$4,592,380$3,434,065$7,450,854
83$12,640,109$4,752,738$3,484,438$7,986,946
84$13,862,695$4,918,917$3,534,461$8,571,566
85$15,207,882$5,091,136$3,584,058$9,209,495
86$16,688,112$5,269,627$3,633,149$9,905,998
87$18,317,089$5,454,629$3,681,650$10,666,871
88$20,109,916$5,646,389$3,729,469$11,498,498
89$22,083,232$5,845,167$3,776,511$12,407,908
90$24,255,373$6,051,232$3,822,675$13,402,842
91$26,646,541$6,264,862$3,867,855$14,491,825
92$29,278,998$6,486,350$3,911,937$15,684,246
93$32,177,272$6,715,998$3,954,804$16,990,446
94$35,368,393$6,954,120$3,996,328$18,421,816
95$38,882,142$7,201,046$4,036,379$19,990,901
96$42,751,339$7,457,115$4,074,816$21,711,520
97$47,012,145$7,722,683$4,111,491$23,598,896
98$51,704,408$7,998,119$4,146,251$25,669,797
99$56,872,038$8,283,808$4,178,931$27,942,695
100$62,563,421$8,580,149$4,209,360$30,437,940