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

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 $2,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$213,880$211,975$210,116$208,302$206,530$205,057
2 years$105,881$103,909$101,998$100,145$98,348$96,862
3 years$69,886$67,906$65,999$64,164$62,396$60,944
4 years$51,892$49,918$48,031$46,226$44,501$43,094
5 years$41,099$39,136$37,274$35,506$33,829$32,471
6 years$33,905$31,958$30,123$28,395$26,768$25,460
7 years$28,769$26,838$25,032$23,345$21,769$20,513
8 years$24,919$23,005$21,229$19,583$18,060$16,855
9 years$21,926$20,030$18,285$16,681$15,209$14,055
10 years$19,533$17,656$15,941$14,379$12,959$11,856
11 years$17,576$15,718$14,034$12,514$11,145$10,091
12 years$15,947$14,107$12,455$10,976$9,658$8,653
13 years$14,569$12,749$11,128$9,691$8,422$7,465
14 years$13,389$11,588$9,998$8,602$7,383$6,472
15 years$12,368$10,586$9,027$7,672$6,500$5,635
16 years$11,475$9,713$8,184$6,869$5,745$4,924
17 years$10,688$8,945$7,448$6,172$5,094$4,315
18 years$9,989$8,266$6,799$5,562$4,529$3,792
19 years$9,364$7,660$6,224$5,026$4,037$3,339
20 years$8,803$7,118$5,712$4,552$3,606$2,946
21 years$8,295$6,631$5,254$4,131$3,227$2,604
22 years$7,835$6,189$4,842$3,756$2,892$2,305
23 years$7,415$5,789$4,471$3,421$2,596$2,043
24 years$7,030$5,424$4,135$3,120$2,334$1,813
25 years$6,677$5,090$3,830$2,849$2,100$1,610
26 years$6,352$4,784$3,552$2,605$1,892$1,432
27 years$6,051$4,502$3,298$2,385$1,705$1,274
28 years$5,773$4,242$3,066$2,185$1,539$1,134
29 years$5,513$4,002$2,853$2,004$1,390$1,010
30 years$5,272$3,780$2,658$1,839$1,256$900
31 years$5,047$3,573$2,478$1,689$1,135$803
32 years$4,836$3,381$2,312$1,552$1,027$716
33 years$4,638$3,202$2,159$1,427$929$639
34 years$4,453$3,034$2,017$1,313$841$571
35 years$4,278$2,878$1,886$1,209$762$510
36 years$4,114$2,732$1,764$1,113$690$455
37 years$3,958$2,594$1,651$1,026$626$407
38 years$3,811$2,466$1,546$945$567$364
39 years$3,673$2,345$1,448$872$514$325
40 years$3,541$2,231$1,358$804$467$291
41 years$3,416$2,123$1,273$742$423$260
42 years$3,297$2,022$1,194$685$384$232
43 years$3,185$1,927$1,121$632$349$208
44 years$3,077$1,837$1,052$584$316$186
45 years$2,975$1,751$988$539$287$166
46 years$2,877$1,671$928$498$261$149
47 years$2,784$1,594$871$460$237$133
48 years$2,695$1,522$819$425$215$119
49 years$2,610$1,454$770$393$195$107
50 years$2,529$1,388$724$363$177$95

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 $2,083 every year, while hoping to spend $45,706 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: 69/7/24 Blend
65$2,590,000$2,590,000$2,590,000$2,590,000
66$2,856,329$2,719,059$2,678,914$3,035,857
67$3,099,043$2,803,662$2,720,026$3,240,979
68$3,364,983$2,890,878$2,760,985$3,459,883
69$3,656,468$2,980,789$2,801,735$3,698,362
70$3,976,056$3,073,475$2,842,220$3,958,351
71$4,326,559$3,169,021$2,882,381$4,241,982
72$4,711,080$3,267,515$2,922,152$4,551,603
73$5,133,033$3,369,046$2,961,467$4,889,802
74$5,596,180$3,473,707$3,000,254$5,259,427
75$6,104,665$3,581,593$3,038,437$5,663,617
76$6,663,053$3,692,802$3,075,936$6,105,832
77$7,276,370$3,807,436$3,112,666$6,589,880
78$7,950,157$3,925,598$3,148,538$7,119,959
79$8,690,516$4,047,395$3,183,456$7,700,694
80$9,504,169$4,172,937$3,217,322$8,337,180
81$10,398,521$4,302,338$3,250,030$9,035,030
82$11,381,733$4,435,716$3,281,469$9,800,431
83$12,462,793$4,573,189$3,311,521$10,640,196
84$13,651,606$4,714,883$3,340,065$11,561,835
85$14,959,081$4,860,924$3,366,969$12,573,623
86$16,397,242$5,011,444$3,392,097$13,684,677
87$17,979,334$5,166,578$3,415,306$14,905,042
88$19,719,951$5,326,465$3,436,443$16,245,789
89$21,635,173$5,491,249$3,455,351$17,719,116
90$23,742,717$5,661,076$3,471,861$19,338,464
91$26,062,104$5,836,099$3,485,799$21,118,644
92$28,614,844$6,016,473$3,496,978$23,075,978
93$31,424,637$6,202,359$3,505,206$25,228,451
94$34,517,598$6,393,923$3,510,278$27,595,882
95$37,922,502$6,591,334$3,511,981$30,200,111
96$41,671,055$6,794,767$3,510,091$33,065,204
97$45,798,196$7,004,404$3,504,372$36,217,682
98$50,342,420$7,220,428$3,494,577$39,686,771
99$55,346,149$7,443,031$3,480,447$43,504,675
100$60,856,125$7,672,409$3,461,712$47,706,885