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%12.8%
1 years$213,880$211,975$210,116$208,302$206,530$204,119
2 years$105,881$103,909$101,998$100,145$98,348$95,920
3 years$69,886$67,906$65,999$64,164$62,396$60,028
4 years$51,892$49,918$48,031$46,226$44,501$42,211
5 years$41,099$39,136$37,274$35,506$33,829$31,624
6 years$33,905$31,958$30,123$28,395$26,768$24,650
7 years$28,769$26,838$25,032$23,345$21,769$19,739
8 years$24,919$23,005$21,229$19,583$18,060$16,118
9 years$21,926$20,030$18,285$16,681$15,209$13,354
10 years$19,533$17,656$15,941$14,379$12,959$11,190
11 years$17,576$15,718$14,034$12,514$11,145$9,460
12 years$15,947$14,107$12,455$10,976$9,658$8,056
13 years$14,569$12,749$11,128$9,691$8,422$6,900
14 years$13,389$11,588$9,998$8,602$7,383$5,939
15 years$12,368$10,586$9,027$7,672$6,500$5,133
16 years$11,475$9,713$8,184$6,869$5,745$4,451
17 years$10,688$8,945$7,448$6,172$5,094$3,871
18 years$9,989$8,266$6,799$5,562$4,529$3,375
19 years$9,364$7,660$6,224$5,026$4,037$2,949
20 years$8,803$7,118$5,712$4,552$3,606$2,581
21 years$8,295$6,631$5,254$4,131$3,227$2,263
22 years$7,835$6,189$4,842$3,756$2,892$1,987
23 years$7,415$5,789$4,471$3,421$2,596$1,746
24 years$7,030$5,424$4,135$3,120$2,334$1,536
25 years$6,677$5,090$3,830$2,849$2,100$1,353
26 years$6,352$4,784$3,552$2,605$1,892$1,192
27 years$6,051$4,502$3,298$2,385$1,705$1,052
28 years$5,773$4,242$3,066$2,185$1,539$928
29 years$5,513$4,002$2,853$2,004$1,390$819
30 years$5,272$3,780$2,658$1,839$1,256$724
31 years$5,047$3,573$2,478$1,689$1,135$640
32 years$4,836$3,381$2,312$1,552$1,027$566
33 years$4,638$3,202$2,159$1,427$929$500
34 years$4,453$3,034$2,017$1,313$841$442
35 years$4,278$2,878$1,886$1,209$762$392
36 years$4,114$2,732$1,764$1,113$690$346
37 years$3,958$2,594$1,651$1,026$626$307
38 years$3,811$2,466$1,546$945$567$272
39 years$3,673$2,345$1,448$872$514$240
40 years$3,541$2,231$1,358$804$467$213
41 years$3,416$2,123$1,273$742$423$189
42 years$3,297$2,022$1,194$685$384$167
43 years$3,185$1,927$1,121$632$349$148
44 years$3,077$1,837$1,052$584$316$131
45 years$2,975$1,751$988$539$287$116
46 years$2,877$1,671$928$498$261$103
47 years$2,784$1,594$871$460$237$91
48 years$2,695$1,522$819$425$215$81
49 years$2,610$1,454$770$393$195$72
50 years$2,529$1,388$724$363$177$63

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 $2,240 every year, while hoping to spend $24,606 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: 24/47/29 Blend
65$2,590,000$2,590,000$2,590,000$2,590,000
66$2,856,491$2,719,221$2,679,076$2,898,969
67$3,121,672$2,826,282$2,742,644$3,042,571
68$3,413,077$2,937,764$2,807,517$3,194,097
69$3,733,355$3,053,859$2,873,713$3,355,931
70$4,085,424$3,174,764$2,941,249$3,528,948
71$4,472,499$3,300,689$3,010,142$3,714,106
72$4,898,122$3,431,851$3,080,410$3,912,455
73$5,366,195$3,568,477$3,152,069$4,125,144
74$5,881,018$3,710,803$3,225,135$4,353,432
75$6,447,329$3,859,080$3,299,623$4,598,698
76$7,070,346$4,013,565$3,375,551$4,862,457
77$7,755,821$4,174,529$3,452,931$5,146,366
78$8,510,090$4,342,256$3,531,780$5,452,246
79$9,340,135$4,517,042$3,612,109$5,782,093
80$10,253,647$4,699,195$3,693,934$6,138,098
81$11,259,103$4,889,040$3,777,265$6,522,667
82$12,365,843$5,086,915$3,862,115$6,938,439
83$13,584,157$5,293,172$3,948,494$7,388,314
84$14,925,385$5,508,181$4,036,412$7,875,476
85$16,402,021$5,732,328$4,125,878$8,403,422
86$18,027,832$5,966,017$4,216,900$8,975,995
87$19,817,989$6,209,670$4,309,485$9,597,419
88$21,789,209$6,463,729$4,403,637$10,272,332
89$23,959,912$6,728,655$4,499,362$11,005,837
90$26,350,394$7,004,931$4,596,663$11,803,540
91$28,983,023$7,293,061$4,695,540$12,671,605
92$31,882,444$7,593,574$4,795,993$13,616,813
93$35,075,815$7,907,021$4,898,021$14,646,616
94$38,593,063$8,233,980$5,001,619$15,769,214
95$42,467,165$8,575,054$5,106,783$16,993,625
96$46,734,461$8,930,876$5,213,504$18,329,768
97$51,434,993$9,302,106$5,321,774$19,788,558
98$56,612,888$9,689,435$5,431,579$21,382,003
99$62,316,772$10,093,587$5,542,906$23,123,315
100$68,600,226$10,515,317$5,655,738$25,027,033