Can I retire at age 66 with 2,550,000?

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 $2,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$210,577$208,701$206,871$205,085$203,341$200,302
2 years$104,246$102,304$100,423$98,598$96,829$93,774
3 years$68,807$66,857$64,980$63,173$61,432$58,457
4 years$51,091$49,147$47,289$45,513$43,814$40,941
5 years$40,464$38,532$36,698$34,958$33,307$30,544
6 years$33,382$31,464$29,658$27,956$26,354$23,705
7 years$28,325$26,424$24,646$22,984$21,433$18,898
8 years$24,534$22,650$20,901$19,281$17,781$15,360
9 years$21,587$19,721$18,002$16,423$14,974$12,666
10 years$19,231$17,383$15,695$14,157$12,759$10,562
11 years$17,305$15,475$13,818$12,321$10,973$8,885
12 years$15,701$13,889$12,263$10,807$9,509$7,527
13 years$14,344$12,552$10,956$9,541$8,292$6,414
14 years$13,183$11,409$9,844$8,469$7,269$5,491
15 years$12,177$10,423$8,888$7,553$6,400$4,720
16 years$11,297$9,563$8,058$6,763$5,656$4,071
17 years$10,522$8,807$7,332$6,077$5,015$3,520
18 years$9,834$8,138$6,694$5,476$4,459$3,052
19 years$9,219$7,542$6,128$4,948$3,975$2,651
20 years$8,667$7,009$5,624$4,482$3,550$2,307
21 years$8,167$6,528$5,173$4,067$3,177$2,010
22 years$7,714$6,094$4,767$3,698$2,848$1,754
23 years$7,300$5,699$4,402$3,368$2,556$1,532
24 years$6,922$5,340$4,071$3,072$2,298$1,340
25 years$6,574$5,011$3,771$2,805$2,068$1,172
26 years$6,254$4,710$3,497$2,565$1,862$1,027
27 years$5,958$4,433$3,247$2,348$1,679$900
28 years$5,683$4,177$3,019$2,151$1,515$789
29 years$5,428$3,940$2,809$1,973$1,368$692
30 years$5,191$3,721$2,617$1,810$1,236$607
31 years$4,969$3,518$2,439$1,663$1,118$533
32 years$4,761$3,328$2,276$1,528$1,011$468
33 years$4,567$3,152$2,125$1,405$915$411
34 years$4,384$2,988$1,986$1,293$828$361
35 years$4,212$2,834$1,856$1,190$750$318
36 years$4,050$2,690$1,737$1,096$680$279
37 years$3,897$2,554$1,625$1,010$616$246
38 years$3,753$2,428$1,522$931$559$216
39 years$3,616$2,308$1,426$858$507$190
40 years$3,486$2,196$1,337$792$459$167
41 years$3,363$2,091$1,253$730$417$147
42 years$3,247$1,991$1,176$674$378$129
43 years$3,135$1,897$1,103$622$343$114
44 years$3,030$1,808$1,036$575$312$100
45 years$2,929$1,724$972$531$283$88
46 years$2,833$1,645$913$490$257$77
47 years$2,741$1,570$858$453$233$68
48 years$2,654$1,499$806$418$212$60
49 years$2,570$1,431$758$387$192$53
50 years$2,490$1,367$713$357$175$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,550,000, adding $2,328 every year, while hoping to spend $23,585 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: 55/17/28 Blend
65$2,550,000$2,550,000$2,550,000$2,550,000
66$2,812,501$2,677,351$2,637,826$2,945,266
67$3,074,282$2,783,447$2,701,099$3,143,191
68$3,361,974$2,893,951$2,765,701$3,356,020
69$3,678,196$3,009,055$2,831,652$3,587,353
70$4,025,830$3,128,958$2,898,971$3,838,980
71$4,408,056$3,253,868$2,967,678$4,112,869
72$4,828,375$3,384,004$3,037,792$4,411,186
73$5,290,642$3,519,593$3,109,331$4,736,317
74$5,799,109$3,660,875$3,182,315$5,090,883
75$6,358,457$3,808,097$3,256,762$5,477,774
76$6,973,846$3,961,519$3,332,689$5,900,168
77$7,650,959$4,121,415$3,410,116$6,361,563
78$8,396,060$4,288,067$3,489,058$6,865,812
79$9,216,049$4,461,774$3,569,532$7,417,154
80$10,118,531$4,642,845$3,651,556$8,020,259
81$11,111,882$4,831,606$3,735,145$8,680,268
82$12,205,336$5,028,396$3,820,313$9,402,839
83$13,409,062$5,233,570$3,907,076$10,194,207
84$14,734,271$5,447,499$3,995,447$11,061,235
85$16,193,311$5,670,571$4,085,440$12,011,480
86$17,799,792$5,903,193$4,177,065$13,053,269
87$19,568,710$6,145,787$4,270,335$14,195,767
88$21,516,587$6,398,800$4,365,260$15,449,073
89$23,661,631$6,662,693$4,461,849$16,824,307
90$26,023,906$6,937,954$4,560,109$18,333,719
91$28,625,520$7,225,089$4,660,049$19,990,802
92$31,490,834$7,524,630$4,761,672$21,810,416
93$34,646,694$7,837,132$4,864,983$23,808,934
94$38,122,682$8,163,176$4,969,984$26,004,390
95$41,951,394$8,503,370$5,076,677$28,416,649
96$46,168,751$8,858,350$5,185,061$31,067,595
97$50,814,335$9,228,780$5,295,132$33,981,338
98$55,931,764$9,615,358$5,406,886$37,184,438
99$61,569,104$10,018,810$5,520,316$40,706,154
100$67,779,320$10,439,899$5,635,414$44,578,723