Can I retire at age 66 with 2,570,000?

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 $2,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$212,228$210,338$208,493$206,693$204,935$203,815
2 years$105,063$103,107$101,210$99,372$97,588$96,458
3 years$69,347$67,381$65,490$63,668$61,914$60,808
4 years$51,492$49,532$47,660$45,870$44,158$43,085
5 years$40,781$38,834$36,986$35,232$33,568$32,532
6 years$33,644$31,711$29,890$28,175$26,561$25,563
7 years$28,547$26,631$24,839$23,165$21,601$20,642
8 years$24,727$22,828$21,065$19,432$17,920$16,999
9 years$21,757$19,875$18,144$16,552$15,092$14,208
10 years$19,382$17,519$15,818$14,268$12,859$12,013
11 years$17,440$15,596$13,926$12,417$11,059$10,251
12 years$15,824$13,998$12,359$10,892$9,583$8,812
13 years$14,457$12,650$11,042$9,616$8,357$7,621
14 years$13,286$11,499$9,921$8,536$7,326$6,625
15 years$12,272$10,505$8,957$7,612$6,450$5,783
16 years$11,386$9,638$8,121$6,816$5,701$5,067
17 years$10,605$8,876$7,390$6,124$5,055$4,453
18 years$9,912$8,202$6,746$5,519$4,494$3,924
19 years$9,292$7,601$6,176$4,987$4,006$3,466
20 years$8,735$7,064$5,668$4,517$3,578$3,067
21 years$8,231$6,579$5,213$4,099$3,202$2,719
22 years$7,774$6,142$4,805$3,727$2,870$2,414
23 years$7,358$5,744$4,436$3,394$2,576$2,146
24 years$6,976$5,382$4,103$3,096$2,316$1,910
25 years$6,626$5,051$3,800$2,827$2,084$1,702
26 years$6,303$4,747$3,524$2,585$1,877$1,518
27 years$6,005$4,467$3,273$2,366$1,692$1,354
28 years$5,728$4,209$3,042$2,168$1,527$1,210
29 years$5,471$3,971$2,831$1,988$1,379$1,081
30 years$5,231$3,750$2,637$1,825$1,246$967
31 years$5,008$3,545$2,459$1,676$1,126$865
32 years$4,799$3,355$2,294$1,540$1,019$774
33 years$4,602$3,177$2,142$1,416$922$693
34 years$4,418$3,011$2,001$1,303$835$621
35 years$4,245$2,856$1,871$1,199$756$556
36 years$4,082$2,711$1,750$1,105$685$499
37 years$3,928$2,574$1,638$1,018$621$447
38 years$3,782$2,447$1,534$938$563$401
39 years$3,644$2,327$1,437$865$510$360
40 years$3,514$2,213$1,347$798$463$323
41 years$3,390$2,107$1,263$736$420$289
42 years$3,272$2,007$1,185$679$381$260
43 years$3,160$1,912$1,112$627$346$233
44 years$3,054$1,822$1,044$579$314$209
45 years$2,952$1,738$980$535$285$188
46 years$2,855$1,658$920$494$259$169
47 years$2,763$1,582$865$456$235$151
48 years$2,674$1,510$813$422$213$136
49 years$2,590$1,442$764$390$194$122
50 years$2,509$1,378$718$360$176$110

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,570,000, adding $2,756 every year, while hoping to spend $41,352 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: 29/50/21 Blend
65$2,570,000$2,570,000$2,570,000$2,570,000
66$2,834,983$2,698,773$2,658,938$2,898,419
67$3,080,153$2,787,014$2,704,014$3,035,699
68$3,348,944$2,878,194$2,749,214$3,179,318
69$3,643,723$2,972,412$2,794,499$3,332,856
70$3,967,094$3,069,772$2,839,827$3,497,192
71$4,321,928$3,170,381$2,885,151$3,673,290
72$4,711,387$3,274,351$2,930,425$3,862,207
73$5,138,951$3,381,797$2,975,598$4,065,107
74$5,608,458$3,492,839$3,020,614$4,283,265
75$6,124,132$3,607,600$3,065,416$4,518,085
76$6,690,629$3,726,208$3,109,943$4,771,109
77$7,313,077$3,848,795$3,154,130$5,044,030
78$7,997,124$3,975,500$3,197,906$5,338,710
79$8,748,995$4,106,463$3,241,200$5,657,199
80$9,575,545$4,241,833$3,283,934$6,001,747
81$10,484,330$4,381,762$3,326,024$6,374,831
82$11,483,671$4,526,408$3,367,386$6,779,175
83$12,582,738$4,675,934$3,407,926$7,217,775
84$13,791,633$4,830,511$3,447,547$7,693,927
85$15,121,488$4,990,314$3,486,148$8,211,260
86$16,584,565$5,155,526$3,523,620$8,773,765
87$18,194,379$5,326,334$3,559,849$9,385,833
88$19,965,816$5,502,935$3,594,714$10,052,301
89$21,915,281$5,685,531$3,628,089$10,778,489
90$24,060,850$5,874,332$3,659,840$11,570,254
91$26,422,438$6,069,556$3,689,827$12,434,047
92$29,021,991$6,271,428$3,717,900$13,376,965
93$31,883,689$6,480,183$3,743,905$14,406,826
94$35,034,176$6,696,063$3,767,676$15,532,237
95$38,502,811$6,919,319$3,789,042$16,762,674
96$42,321,944$7,150,211$3,807,821$18,108,573
97$46,527,221$7,389,011$3,823,822$19,581,427
98$51,157,923$7,635,997$3,836,845$21,193,892
99$56,257,331$7,891,461$3,846,680$22,959,908
100$61,873,140$8,155,704$3,853,104$24,894,826