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%13.2%
1 years$211,402$209,519$207,682$205,889$204,138$201,420
2 years$104,655$102,706$100,817$98,985$97,209$94,475
3 years$69,077$67,119$65,235$63,421$61,673$59,008
4 years$51,291$49,340$47,474$45,691$43,986$41,410
5 years$40,623$38,683$36,842$35,095$33,437$30,959
6 years$33,513$31,588$29,774$28,066$26,458$24,079
7 years$28,436$26,527$24,742$23,074$21,517$19,240
8 years$24,630$22,739$20,983$19,357$17,851$15,674
9 years$21,672$19,798$18,073$16,488$15,033$12,955
10 years$19,307$17,451$15,756$14,212$12,809$10,829
11 years$17,373$15,536$13,872$12,369$11,016$9,133
12 years$15,762$13,944$12,311$10,849$9,546$7,757
13 years$14,400$12,601$10,999$9,578$8,324$6,627
14 years$13,234$11,454$9,883$8,503$7,297$5,689
15 years$12,224$10,464$8,923$7,583$6,425$4,903
16 years$11,342$9,600$8,090$6,790$5,678$4,240
17 years$10,564$8,841$7,361$6,100$5,035$3,677
18 years$9,873$8,170$6,720$5,498$4,477$3,197
19 years$9,256$7,572$6,152$4,968$3,990$2,785
20 years$8,701$7,036$5,646$4,499$3,564$2,431
21 years$8,199$6,554$5,193$4,083$3,190$2,125
22 years$7,744$6,118$4,786$3,713$2,859$1,860
23 years$7,329$5,722$4,419$3,381$2,566$1,629
24 years$6,949$5,361$4,087$3,084$2,307$1,429
25 years$6,600$5,031$3,785$2,816$2,076$1,255
26 years$6,278$4,728$3,511$2,575$1,870$1,102
27 years$5,981$4,450$3,260$2,357$1,686$969
28 years$5,706$4,193$3,031$2,160$1,521$852
29 years$5,450$3,956$2,820$1,980$1,373$750
30 years$5,211$3,736$2,627$1,817$1,241$661
31 years$4,988$3,532$2,449$1,669$1,122$582
32 years$4,780$3,342$2,285$1,534$1,015$513
33 years$4,585$3,164$2,134$1,411$918$452
34 years$4,401$2,999$1,993$1,298$832$398
35 years$4,229$2,845$1,864$1,195$753$351
36 years$4,066$2,700$1,743$1,100$682$310
37 years$3,912$2,564$1,632$1,014$619$273
38 years$3,767$2,437$1,528$935$561$241
39 years$3,630$2,317$1,432$862$509$213
40 years$3,500$2,205$1,342$795$461$188
41 years$3,376$2,099$1,258$733$418$166
42 years$3,259$1,999$1,180$677$380$146
43 years$3,148$1,905$1,108$625$345$129
44 years$3,042$1,815$1,040$577$313$114
45 years$2,941$1,731$976$533$284$101
46 years$2,844$1,651$917$492$258$89
47 years$2,752$1,576$861$455$234$79
48 years$2,664$1,504$809$420$213$69
49 years$2,580$1,437$761$388$193$61
50 years$2,499$1,372$715$359$175$54

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 $5,323 every year, while hoping to spend $21,266 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: 65/24/11 Blend
65$2,560,000$2,560,000$2,560,000$2,560,000
66$2,826,611$2,690,931$2,651,251$3,003,129
67$3,092,298$2,800,159$2,717,441$3,230,763
68$3,384,373$2,914,028$2,785,135$3,476,398
69$3,705,504$3,032,740$2,854,363$3,744,241
70$4,058,632$3,156,511$2,925,151$4,036,457
71$4,446,998$3,285,565$2,997,528$4,355,426
72$4,874,169$3,420,135$3,071,523$4,703,766
73$5,344,080$3,560,467$3,147,164$5,084,361
74$5,861,063$3,706,817$3,224,481$5,500,381
75$6,429,892$3,859,453$3,303,502$5,955,317
76$7,055,829$4,018,654$3,384,258$6,453,011
77$7,744,669$4,184,713$3,466,776$6,997,693
78$8,502,799$4,357,938$3,551,087$7,594,017
79$9,337,256$4,538,648$3,637,219$8,247,107
80$10,255,793$4,727,179$3,725,203$8,962,607
81$11,266,955$4,923,881$3,815,068$9,746,727
82$12,380,154$5,129,121$3,906,843$10,606,307
83$13,605,765$5,343,283$4,000,557$11,548,876
84$14,955,218$5,566,769$4,096,240$12,582,727
85$16,441,107$5,799,997$4,193,921$13,716,991
86$18,077,311$6,043,409$4,293,629$14,961,722
87$19,879,123$6,297,462$4,395,392$16,327,994
88$21,863,395$6,562,639$4,499,239$17,828,003
89$24,048,695$6,839,442$4,605,197$19,475,180
90$26,455,486$7,128,399$4,713,295$21,284,316
91$29,106,315$7,430,060$4,823,560$23,271,705
92$32,026,028$7,745,002$4,936,019$25,455,293
93$35,242,005$8,073,829$5,050,697$27,854,846
94$38,784,414$8,417,171$5,167,620$30,492,137
95$42,686,503$8,775,691$5,286,814$33,391,149
96$46,984,906$9,150,080$5,408,302$36,578,302
97$51,719,994$9,541,061$5,532,108$40,082,697
98$56,936,254$9,949,394$5,658,254$43,936,395
99$62,682,709$10,375,871$5,786,762$48,174,712
100$69,013,379$10,821,322$5,917,652$52,836,555