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

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 $2,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$209,751$207,882$206,060$204,280$202,543$199,024
2 years$103,837$101,903$100,029$98,212$96,449$92,915
3 years$68,537$66,595$64,725$62,925$61,191$57,752
4 years$50,891$48,954$47,103$45,334$43,642$40,325
5 years$40,305$38,381$36,554$34,821$33,176$29,990
6 years$33,251$31,341$29,541$27,847$26,251$23,200
7 years$28,214$26,320$24,549$22,894$21,349$18,433
8 years$24,438$22,561$20,819$19,205$17,711$14,930
9 years$21,503$19,643$17,932$16,359$14,915$12,268
10 years$19,156$17,315$15,633$14,101$12,709$10,192
11 years$17,237$15,414$13,763$12,272$10,930$8,542
12 years$15,639$13,835$12,215$10,765$9,472$7,209
13 years$14,288$12,503$10,913$9,503$8,259$6,119
14 years$13,131$11,365$9,805$8,436$7,240$5,217
15 years$12,129$10,382$8,853$7,524$6,375$4,466
16 years$11,253$9,525$8,026$6,737$5,634$3,835
17 years$10,481$8,772$7,304$6,053$4,996$3,303
18 years$9,796$8,106$6,667$5,455$4,442$2,851
19 years$9,183$7,513$6,104$4,929$3,959$2,465
20 years$8,633$6,981$5,602$4,464$3,536$2,136
21 years$8,135$6,503$5,152$4,051$3,165$1,853
22 years$7,683$6,070$4,749$3,684$2,837$1,609
23 years$7,272$5,677$4,385$3,355$2,546$1,399
24 years$6,895$5,319$4,055$3,060$2,289$1,218
25 years$6,549$4,992$3,756$2,794$2,059$1,061
26 years$6,229$4,691$3,483$2,555$1,855$924
27 years$5,934$4,415$3,235$2,339$1,673$806
28 years$5,661$4,160$3,007$2,143$1,509$703
29 years$5,407$3,925$2,798$1,965$1,363$614
30 years$5,170$3,707$2,606$1,803$1,231$536
31 years$4,949$3,504$2,430$1,656$1,113$468
32 years$4,743$3,315$2,267$1,522$1,007$409
33 years$4,549$3,140$2,117$1,400$911$358
34 years$4,367$2,976$1,978$1,288$825$313
35 years$4,195$2,822$1,849$1,185$747$274
36 years$4,034$2,679$1,730$1,092$677$239
37 years$3,882$2,544$1,619$1,006$614$209
38 years$3,738$2,418$1,516$927$556$183
39 years$3,602$2,299$1,421$855$505$160
40 years$3,473$2,188$1,331$789$458$140
41 years$3,350$2,082$1,248$728$415$123
42 years$3,234$1,983$1,171$671$377$107
43 years$3,123$1,890$1,099$620$342$94
44 years$3,018$1,801$1,032$572$310$82
45 years$2,918$1,718$969$529$282$72
46 years$2,822$1,639$910$488$256$63
47 years$2,731$1,564$855$451$232$55
48 years$2,643$1,493$803$417$211$48
49 years$2,560$1,425$755$385$192$42
50 years$2,480$1,362$710$356$174$37

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 $3,864 every year, while hoping to spend $49,860 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: 74/13/13 Blend
65$2,540,000$2,540,000$2,540,000$2,540,000
66$2,803,066$2,668,446$2,629,076$3,002,626
67$3,035,928$2,746,149$2,664,099$3,212,739
68$3,290,871$2,825,988$2,698,625$3,436,310
69$3,570,094$2,908,016$2,732,583$3,679,909
70$3,876,020$2,992,286$2,765,901$3,945,507
71$4,211,317$3,078,850$2,798,501$4,235,277
72$4,578,921$3,167,764$2,830,302$4,551,612
73$4,982,071$3,259,084$2,861,216$4,897,148
74$5,424,328$3,352,866$2,891,153$5,274,784
75$5,909,620$3,449,166$2,920,017$5,687,719
76$6,442,269$3,548,044$2,947,706$6,139,473
77$7,027,040$3,649,557$2,974,113$6,633,924
78$7,669,179$3,753,766$2,999,126$7,175,343
79$8,374,465$3,860,730$3,022,627$7,768,437
80$9,149,266$3,970,511$3,044,491$8,418,389
81$10,000,595$4,083,171$3,064,586$9,130,910
82$10,936,181$4,198,771$3,082,774$9,912,291
83$11,964,535$4,317,375$3,098,911$10,769,465
84$13,095,037$4,439,045$3,112,843$11,710,067
85$14,338,018$4,563,846$3,124,411$12,742,511
86$15,704,864$4,691,842$3,133,446$13,876,067
87$17,208,115$4,823,097$3,139,772$15,120,947
88$18,861,590$4,957,677$3,143,202$16,488,404
89$20,680,514$5,095,645$3,143,541$17,990,837
90$22,681,663$5,237,068$3,140,586$19,641,908
91$24,883,519$5,382,010$3,134,122$21,456,668
92$27,306,446$5,530,537$3,123,923$23,451,705
93$29,972,883$5,682,713$3,109,754$25,645,292
94$32,907,554$5,838,603$3,091,368$28,057,569
95$36,137,700$5,998,270$3,068,505$30,710,723
96$39,693,340$6,161,779$3,040,893$33,629,207
97$43,607,546$6,329,193$3,008,249$36,839,963
98$47,916,765$6,500,572$2,970,274$40,372,678
99$52,661,153$6,675,978$2,926,657$44,260,069
100$57,884,960$6,855,470$2,877,069$48,538,183