Can I retire at age 66 with 2,560,000?

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 $2,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$211,402$209,519$207,682$205,889$204,138$198,559
2 years$104,655$102,706$100,817$98,985$97,209$91,628
3 years$69,077$67,119$65,235$63,421$61,673$56,267
4 years$51,291$49,340$47,474$45,691$43,986$38,795
5 years$40,623$38,683$36,842$35,095$33,437$28,476
6 years$33,513$31,588$29,774$28,066$26,458$21,730
7 years$28,436$26,527$24,742$23,074$21,517$17,024
8 years$24,630$22,739$20,983$19,357$17,851$13,590
9 years$21,672$19,798$18,073$16,488$15,033$11,000
10 years$19,307$17,451$15,756$14,212$12,809$8,998
11 years$17,373$15,536$13,872$12,369$11,016$7,423
12 years$15,762$13,944$12,311$10,849$9,546$6,163
13 years$14,400$12,601$10,999$9,578$8,324$5,144
14 years$13,234$11,454$9,883$8,503$7,297$4,312
15 years$12,224$10,464$8,923$7,583$6,425$3,628
16 years$11,342$9,600$8,090$6,790$5,678$3,061
17 years$10,564$8,841$7,361$6,100$5,035$2,588
18 years$9,873$8,170$6,720$5,498$4,477$2,194
19 years$9,256$7,572$6,152$4,968$3,990$1,862
20 years$8,701$7,036$5,646$4,499$3,564$1,583
21 years$8,199$6,554$5,193$4,083$3,190$1,347
22 years$7,744$6,118$4,786$3,713$2,859$1,148
23 years$7,329$5,722$4,419$3,381$2,566$979
24 years$6,949$5,361$4,087$3,084$2,307$835
25 years$6,600$5,031$3,785$2,816$2,076$713
26 years$6,278$4,728$3,511$2,575$1,870$609
27 years$5,981$4,450$3,260$2,357$1,686$521
28 years$5,706$4,193$3,031$2,160$1,521$445
29 years$5,450$3,956$2,820$1,980$1,373$381
30 years$5,211$3,736$2,627$1,817$1,241$326
31 years$4,988$3,532$2,449$1,669$1,122$279
32 years$4,780$3,342$2,285$1,534$1,015$238
33 years$4,585$3,164$2,134$1,411$918$204
34 years$4,401$2,999$1,993$1,298$832$175
35 years$4,229$2,845$1,864$1,195$753$150
36 years$4,066$2,700$1,743$1,100$682$128
37 years$3,912$2,564$1,632$1,014$619$110
38 years$3,767$2,437$1,528$935$561$94
39 years$3,630$2,317$1,432$862$509$81
40 years$3,500$2,205$1,342$795$461$69
41 years$3,376$2,099$1,258$733$418$59
42 years$3,259$1,999$1,180$677$380$51
43 years$3,148$1,905$1,108$625$345$43
44 years$3,042$1,815$1,040$577$313$37
45 years$2,941$1,731$976$533$284$32
46 years$2,844$1,651$917$492$258$27
47 years$2,752$1,576$861$455$234$23
48 years$2,664$1,504$809$420$213$20
49 years$2,580$1,437$761$388$193$17
50 years$2,499$1,372$715$359$175$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,560,000, adding $6,680 every year, while hoping to spend $31,051 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: 73/5/22 Blend
65$2,560,000$2,560,000$2,560,000$2,560,000
66$2,828,010$2,692,330$2,652,650$3,018,786
67$3,083,429$2,791,217$2,708,476$3,245,506
68$3,363,861$2,893,907$2,765,131$3,489,457
69$3,671,822$3,000,557$2,822,611$3,755,953
70$4,010,088$3,111,325$2,880,909$4,047,233
71$4,381,716$3,226,378$2,940,018$4,365,763
72$4,790,071$3,345,890$2,999,929$4,714,258
73$5,238,863$3,470,044$3,060,631$5,095,709
74$5,732,179$3,599,028$3,122,114$5,513,412
75$6,274,519$3,733,038$3,184,363$5,970,995
76$6,870,845$3,872,282$3,247,364$6,472,455
77$7,526,620$4,016,972$3,311,099$7,022,196
78$8,247,865$4,167,334$3,375,551$7,625,069
79$9,041,213$4,323,599$3,440,697$8,286,418
80$9,913,972$4,486,011$3,506,517$9,012,129
81$10,874,196$4,654,824$3,572,983$9,808,689
82$11,930,756$4,830,302$3,640,070$10,683,242
83$13,093,428$5,012,722$3,707,747$11,643,660
84$14,372,983$5,202,371$3,775,982$12,698,617
85$15,781,289$5,399,549$3,844,740$13,857,667
86$17,331,424$5,604,570$3,913,982$15,131,339
87$19,037,797$5,817,762$3,983,668$16,531,232
88$20,916,284$6,039,464$4,053,753$18,070,126
89$22,984,381$6,270,034$4,124,190$19,762,105
90$25,261,365$6,509,843$4,194,928$21,622,682
91$27,768,478$6,759,279$4,265,911$23,668,956
92$30,529,126$7,018,747$4,337,082$25,919,762
93$33,569,100$7,288,668$4,408,377$28,395,858
94$36,916,820$7,569,485$4,479,730$31,120,113
95$40,603,603$7,861,658$4,551,069$34,117,731
96$44,663,958$8,165,666$4,622,317$37,416,478
97$49,135,912$8,482,014$4,693,394$41,046,954
98$54,061,365$8,811,223$4,764,214$45,042,877
99$59,486,494$9,153,842$4,834,684$49,441,398
100$65,462,177$9,510,441$4,904,707$54,283,457