Can I retire at age 66 with 2,590,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$213,880$211,975$210,116$208,302$206,530$203,696
2 years$105,881$103,909$101,998$100,145$98,348$95,498
3 years$69,886$67,906$65,999$64,164$62,396$59,618
4 years$51,892$49,918$48,031$46,226$44,501$41,817
5 years$41,099$39,136$37,274$35,506$33,829$31,247
6 years$33,905$31,958$30,123$28,395$26,768$24,290
7 years$28,769$26,838$25,032$23,345$21,769$19,397
8 years$24,919$23,005$21,229$19,583$18,060$15,793
9 years$21,926$20,030$18,285$16,681$15,209$13,046
10 years$19,533$17,656$15,941$14,379$12,959$10,899
11 years$17,576$15,718$14,034$12,514$11,145$9,186
12 years$15,947$14,107$12,455$10,976$9,658$7,797
13 years$14,569$12,749$11,128$9,691$8,422$6,657
14 years$13,389$11,588$9,998$8,602$7,383$5,711
15 years$12,368$10,586$9,027$7,672$6,500$4,919
16 years$11,475$9,713$8,184$6,869$5,745$4,251
17 years$10,688$8,945$7,448$6,172$5,094$3,684
18 years$9,989$8,266$6,799$5,562$4,529$3,200
19 years$9,364$7,660$6,224$5,026$4,037$2,786
20 years$8,803$7,118$5,712$4,552$3,606$2,430
21 years$8,295$6,631$5,254$4,131$3,227$2,122
22 years$7,835$6,189$4,842$3,756$2,892$1,856
23 years$7,415$5,789$4,471$3,421$2,596$1,625
24 years$7,030$5,424$4,135$3,120$2,334$1,424
25 years$6,677$5,090$3,830$2,849$2,100$1,249
26 years$6,352$4,784$3,552$2,605$1,892$1,097
27 years$6,051$4,502$3,298$2,385$1,705$963
28 years$5,773$4,242$3,066$2,185$1,539$847
29 years$5,513$4,002$2,853$2,004$1,390$745
30 years$5,272$3,780$2,658$1,839$1,256$655
31 years$5,047$3,573$2,478$1,689$1,135$577
32 years$4,836$3,381$2,312$1,552$1,027$508
33 years$4,638$3,202$2,159$1,427$929$447
34 years$4,453$3,034$2,017$1,313$841$394
35 years$4,278$2,878$1,886$1,209$762$347
36 years$4,114$2,732$1,764$1,113$690$306
37 years$3,958$2,594$1,651$1,026$626$270
38 years$3,811$2,466$1,546$945$567$238
39 years$3,673$2,345$1,448$872$514$210
40 years$3,541$2,231$1,358$804$467$185
41 years$3,416$2,123$1,273$742$423$163
42 years$3,297$2,022$1,194$685$384$144
43 years$3,185$1,927$1,121$632$349$127
44 years$3,077$1,837$1,052$584$316$112
45 years$2,975$1,751$988$539$287$99
46 years$2,877$1,671$928$498$261$87
47 years$2,784$1,594$871$460$237$77
48 years$2,695$1,522$819$425$215$68
49 years$2,610$1,454$770$393$195$60
50 years$2,529$1,388$724$363$177$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,590,000, adding $2,743 every year, while hoping to spend $46,603 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: 48/32/20 Blend
65$2,590,000$2,590,000$2,590,000$2,590,000
66$2,857,009$2,719,739$2,679,594$2,977,876
67$3,098,839$2,803,421$2,719,776$3,145,929
68$3,363,774$2,889,642$2,759,741$3,323,384
69$3,654,120$2,978,476$2,799,434$3,515,105
70$3,972,420$3,070,001$2,838,795$3,722,451
71$4,321,473$3,164,297$2,877,760$3,946,915
72$4,704,360$3,261,445$2,916,262$4,190,142
73$5,124,478$3,361,529$2,954,230$4,453,942
74$5,585,567$3,464,636$2,991,589$4,740,307
75$6,091,746$3,570,854$3,028,259$5,051,429
76$6,647,554$3,680,276$3,064,155$5,389,722
77$7,257,989$3,792,994$3,099,189$5,757,844
78$7,928,559$3,909,106$3,133,267$6,158,721
79$8,665,330$4,028,710$3,166,289$6,595,575
80$9,474,986$4,151,908$3,198,151$7,071,953
81$10,364,888$4,278,806$3,228,744$7,591,763
82$11,343,150$4,409,510$3,257,950$8,159,308
83$12,418,707$4,544,132$3,285,647$8,779,327
84$13,601,405$4,682,785$3,311,706$9,457,040
85$14,902,093$4,825,585$3,335,992$10,198,195
86$16,332,720$4,972,654$3,358,362$11,009,126
87$17,906,457$5,124,112$3,378,666$11,896,809
88$19,637,810$5,280,088$3,396,746$12,868,928
89$21,542,765$5,440,711$3,412,436$13,933,948
90$23,638,935$5,606,114$3,425,561$15,101,194
91$25,945,727$5,776,435$3,435,938$16,380,940
92$28,484,524$5,951,813$3,443,374$17,784,505
93$31,278,887$6,132,393$3,447,669$19,324,358
94$34,354,777$6,318,323$3,448,609$21,014,237
95$37,740,798$6,509,755$3,445,972$22,869,280
96$41,468,472$6,706,846$3,439,524$24,906,162
97$45,572,529$6,909,754$3,429,021$27,143,259
98$50,091,239$7,118,644$3,414,205$29,600,817
99$55,066,773$7,333,685$3,394,808$32,301,142
100$60,545,597$7,555,049$3,370,548$35,268,814