Can I retire at age 66 with 2,580,000?

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 $2,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$213,054$211,156$209,305$207,497$205,733$198,118
2 years$105,472$103,508$101,604$99,758$97,968$90,382
3 years$69,616$67,644$65,745$63,916$62,155$54,837
4 years$51,692$49,725$47,845$46,048$44,329$37,335
5 years$40,940$38,985$37,130$35,369$33,699$27,045
6 years$33,775$31,834$30,006$28,285$26,664$20,358
7 years$28,658$26,734$24,936$23,255$21,685$15,723
8 years$24,823$22,916$21,147$19,508$17,990$12,367
9 years$21,841$19,953$18,214$16,616$15,150$9,859
10 years$19,457$17,587$15,880$14,323$12,909$7,939
11 years$17,508$15,657$13,980$12,466$11,102$6,444
12 years$15,885$14,053$12,407$10,934$9,621$5,262
13 years$14,513$12,700$11,085$9,653$8,389$4,319
14 years$13,338$11,544$9,960$8,569$7,354$3,558
15 years$12,320$10,545$8,992$7,642$6,475$2,940
16 years$11,430$9,675$8,153$6,843$5,723$2,437
17 years$10,646$8,910$7,419$6,148$5,074$2,023
18 years$9,950$8,234$6,772$5,541$4,512$1,683
19 years$9,328$7,631$6,200$5,006$4,021$1,402
20 years$8,769$7,091$5,690$4,534$3,592$1,169
21 years$8,263$6,605$5,234$4,115$3,214$976
22 years$7,804$6,166$4,824$3,742$2,881$815
23 years$7,386$5,766$4,454$3,408$2,586$682
24 years$7,003$5,403$4,119$3,108$2,325$570
25 years$6,652$5,070$3,815$2,838$2,092$477
26 years$6,328$4,765$3,538$2,595$1,884$400
27 years$6,028$4,485$3,285$2,375$1,699$335
28 years$5,750$4,226$3,054$2,176$1,533$280
29 years$5,492$3,987$2,842$1,996$1,384$235
30 years$5,252$3,765$2,647$1,832$1,251$197
31 years$5,027$3,559$2,468$1,682$1,131$165
32 years$4,817$3,368$2,303$1,546$1,023$138
33 years$4,620$3,189$2,150$1,422$926$116
34 years$4,436$3,023$2,009$1,308$838$97
35 years$4,262$2,867$1,878$1,204$759$82
36 years$4,098$2,721$1,757$1,109$688$68
37 years$3,943$2,584$1,645$1,022$623$57
38 years$3,797$2,456$1,540$942$565$48
39 years$3,658$2,336$1,443$868$512$40
40 years$3,527$2,222$1,352$801$465$34
41 years$3,403$2,115$1,268$739$422$28
42 years$3,285$2,014$1,190$682$383$24
43 years$3,172$1,919$1,116$630$347$20
44 years$3,065$1,830$1,048$581$315$17
45 years$2,963$1,745$984$537$286$14
46 years$2,866$1,664$924$496$260$12
47 years$2,774$1,588$868$458$236$10
48 years$2,685$1,516$816$423$214$8
49 years$2,600$1,448$767$391$195$7
50 years$2,519$1,383$721$362$177$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,580,000, adding $3,783 every year, while hoping to spend $35,289 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: 42/44/14 Blend
65$2,580,000$2,580,000$2,580,000$2,580,000
66$2,847,062$2,710,322$2,670,332$2,954,811
67$3,099,915$2,805,581$2,722,241$3,126,184
68$3,377,377$2,904,324$2,774,706$3,307,853
69$3,681,919$3,006,686$2,827,709$3,503,807
70$4,016,267$3,112,805$2,881,229$3,715,367
71$4,383,419$3,222,826$2,935,243$3,943,987
72$4,786,683$3,336,900$2,989,729$4,191,261
73$5,229,698$3,455,181$3,044,658$4,458,943
74$5,716,476$3,577,834$3,100,003$4,748,961
75$6,251,436$3,705,027$3,155,732$5,063,434
76$6,839,446$3,836,937$3,211,813$5,404,692
77$7,485,869$3,973,747$3,268,209$5,775,297
78$8,196,615$4,115,647$3,324,881$6,178,065
79$8,978,193$4,262,838$3,381,788$6,616,097
80$9,837,776$4,415,524$3,438,885$7,092,801
81$10,783,267$4,573,923$3,496,126$7,611,926
82$11,823,372$4,738,256$3,553,458$8,177,600
83$12,967,684$4,908,759$3,610,827$8,794,361
84$14,226,774$5,085,674$3,668,175$9,467,207
85$15,612,287$5,269,254$3,725,441$10,201,635
86$17,137,055$5,459,763$3,782,558$11,003,697
87$18,815,217$5,657,474$3,839,456$11,880,053
88$20,662,353$5,862,673$3,896,062$12,838,036
89$22,695,628$6,075,660$3,952,295$13,885,716
90$24,933,957$6,296,742$4,008,072$15,031,979
91$27,398,182$6,526,244$4,063,304$16,286,608
92$30,111,268$6,764,501$4,117,896$17,660,374
93$33,098,521$7,011,865$4,171,749$19,165,136
94$36,387,824$7,268,701$4,224,757$20,813,956
95$40,009,905$7,535,389$4,276,808$22,621,212
96$43,998,618$7,812,327$4,327,785$24,602,742
97$48,391,273$8,099,927$4,377,562$26,775,986
98$53,228,980$8,398,621$4,426,007$29,160,152
99$58,557,040$8,708,857$4,472,982$31,776,395
100$64,425,371$9,031,104$4,518,340$34,648,013