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

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 $2,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$210,577$208,701$206,871$205,085$203,341$196,596
2 years$104,246$102,304$100,423$98,598$96,829$90,099
3 years$68,807$66,857$64,980$63,173$61,432$54,928
4 years$51,091$49,147$47,289$45,513$43,814$37,586
5 years$40,464$38,532$36,698$34,958$33,307$27,372
6 years$33,382$31,464$29,658$27,956$26,354$20,717
7 years$28,325$26,424$24,646$22,984$21,433$16,092
8 years$24,534$22,650$20,901$19,281$17,781$12,733
9 years$21,587$19,721$18,002$16,423$14,974$10,213
10 years$19,231$17,383$15,695$14,157$12,759$8,276
11 years$17,305$15,475$13,818$12,321$10,973$6,761
12 years$15,701$13,889$12,263$10,807$9,509$5,558
13 years$14,344$12,552$10,956$9,541$8,292$4,593
14 years$13,183$11,409$9,844$8,469$7,269$3,810
15 years$12,177$10,423$8,888$7,553$6,400$3,172
16 years$11,297$9,563$8,058$6,763$5,656$2,647
17 years$10,522$8,807$7,332$6,077$5,015$2,214
18 years$9,834$8,138$6,694$5,476$4,459$1,856
19 years$9,219$7,542$6,128$4,948$3,975$1,557
20 years$8,667$7,009$5,624$4,482$3,550$1,309
21 years$8,167$6,528$5,173$4,067$3,177$1,101
22 years$7,714$6,094$4,767$3,698$2,848$927
23 years$7,300$5,699$4,402$3,368$2,556$781
24 years$6,922$5,340$4,071$3,072$2,298$659
25 years$6,574$5,011$3,771$2,805$2,068$556
26 years$6,254$4,710$3,497$2,565$1,862$469
27 years$5,958$4,433$3,247$2,348$1,679$396
28 years$5,683$4,177$3,019$2,151$1,515$335
29 years$5,428$3,940$2,809$1,973$1,368$283
30 years$5,191$3,721$2,617$1,810$1,236$239
31 years$4,969$3,518$2,439$1,663$1,118$202
32 years$4,761$3,328$2,276$1,528$1,011$171
33 years$4,567$3,152$2,125$1,405$915$144
34 years$4,384$2,988$1,986$1,293$828$122
35 years$4,212$2,834$1,856$1,190$750$103
36 years$4,050$2,690$1,737$1,096$680$87
37 years$3,897$2,554$1,625$1,010$616$74
38 years$3,753$2,428$1,522$931$559$62
39 years$3,616$2,308$1,426$858$507$53
40 years$3,486$2,196$1,337$792$459$45
41 years$3,363$2,091$1,253$730$417$38
42 years$3,247$1,991$1,176$674$378$32
43 years$3,135$1,897$1,103$622$343$27
44 years$3,030$1,808$1,036$575$312$23
45 years$2,929$1,724$972$531$283$19
46 years$2,833$1,645$913$490$257$16
47 years$2,741$1,570$858$453$233$14
48 years$2,654$1,499$806$418$212$12
49 years$2,570$1,431$758$387$192$10
50 years$2,490$1,367$713$357$175$8

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 $3,828 every year, while hoping to spend $57,695 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: 62/25/13 Blend
65$2,550,000$2,550,000$2,550,000$2,550,000
66$2,814,049$2,678,899$2,639,374$2,979,509
67$3,039,695$2,748,778$2,666,406$3,160,854
68$3,286,423$2,820,147$2,692,409$3,351,793
69$3,556,322$2,893,019$2,717,290$3,558,812
70$3,851,695$2,967,404$2,740,946$3,783,473
71$4,175,072$3,043,312$2,763,273$4,027,493
72$4,529,246$3,120,750$2,784,159$4,292,768
73$4,917,287$3,199,725$2,803,486$4,581,381
74$5,342,578$3,280,240$2,821,131$4,895,629
75$5,808,848$3,362,298$2,836,965$5,238,042
76$6,320,198$3,445,898$2,850,851$5,611,405
77$6,881,150$3,531,039$2,862,647$6,018,786
78$7,496,682$3,617,714$2,872,200$6,463,567
79$8,172,278$3,705,917$2,879,354$6,949,471
80$8,913,980$3,795,637$2,883,941$7,480,601
81$9,728,442$3,886,858$2,885,789$8,061,476
82$10,622,993$3,979,565$2,884,713$8,697,075
83$11,605,709$4,073,735$2,880,522$9,392,885
84$12,685,487$4,169,343$2,873,015$10,154,950
85$13,872,126$4,266,360$2,861,980$10,989,931
86$15,176,422$4,364,751$2,847,196$11,905,165
87$16,610,271$4,464,478$2,828,431$12,908,739
88$18,186,777$4,565,495$2,805,441$14,009,561
89$19,920,377$4,667,754$2,777,973$15,217,449
90$21,826,980$4,771,197$2,745,759$16,543,221
91$23,924,109$4,875,764$2,708,519$17,998,798
92$26,231,075$4,981,383$2,665,962$19,597,316
93$28,769,153$5,087,979$2,617,780$21,353,248
94$31,561,784$5,195,467$2,563,652$23,282,548
95$34,634,796$5,303,755$2,503,245$25,402,792
96$38,016,647$5,412,741$2,436,205$27,733,350
97$41,738,693$5,522,313$2,362,166$30,295,568
98$45,835,485$5,632,352$2,280,744$33,112,970
99$50,345,092$5,742,725$2,191,537$36,211,478
100$55,309,463$5,853,290$2,094,125$39,619,659