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%12.2%
1 years$213,880$211,975$210,116$208,302$206,530$204,629
2 years$105,881$103,909$101,998$100,145$98,348$96,432
3 years$69,886$67,906$65,999$64,164$62,396$60,525
4 years$51,892$49,918$48,031$46,226$44,501$42,690
5 years$41,099$39,136$37,274$35,506$33,829$32,083
6 years$33,905$31,958$30,123$28,395$26,768$25,089
7 years$28,769$26,838$25,032$23,345$21,769$20,158
8 years$24,919$23,005$21,229$19,583$18,060$16,516
9 years$21,926$20,030$18,285$16,681$15,209$13,732
10 years$19,533$17,656$15,941$14,379$12,959$11,548
11 years$17,576$15,718$14,034$12,514$11,145$9,800
12 years$15,947$14,107$12,455$10,976$9,658$8,377
13 years$14,569$12,749$11,128$9,691$8,422$7,203
14 years$13,389$11,588$9,998$8,602$7,383$6,225
15 years$12,368$10,586$9,027$7,672$6,500$5,401
16 years$11,475$9,713$8,184$6,869$5,745$4,703
17 years$10,688$8,945$7,448$6,172$5,094$4,108
18 years$9,989$8,266$6,799$5,562$4,529$3,597
19 years$9,364$7,660$6,224$5,026$4,037$3,156
20 years$8,803$7,118$5,712$4,552$3,606$2,775
21 years$8,295$6,631$5,254$4,131$3,227$2,444
22 years$7,835$6,189$4,842$3,756$2,892$2,155
23 years$7,415$5,789$4,471$3,421$2,596$1,903
24 years$7,030$5,424$4,135$3,120$2,334$1,682
25 years$6,677$5,090$3,830$2,849$2,100$1,488
26 years$6,352$4,784$3,552$2,605$1,892$1,318
27 years$6,051$4,502$3,298$2,385$1,705$1,168
28 years$5,773$4,242$3,066$2,185$1,539$1,036
29 years$5,513$4,002$2,853$2,004$1,390$919
30 years$5,272$3,780$2,658$1,839$1,256$816
31 years$5,047$3,573$2,478$1,689$1,135$724
32 years$4,836$3,381$2,312$1,552$1,027$644
33 years$4,638$3,202$2,159$1,427$929$572
34 years$4,453$3,034$2,017$1,313$841$509
35 years$4,278$2,878$1,886$1,209$762$452
36 years$4,114$2,732$1,764$1,113$690$402
37 years$3,958$2,594$1,651$1,026$626$358
38 years$3,811$2,466$1,546$945$567$318
39 years$3,673$2,345$1,448$872$514$283
40 years$3,541$2,231$1,358$804$467$252
41 years$3,416$2,123$1,273$742$423$225
42 years$3,297$2,022$1,194$685$384$200
43 years$3,185$1,927$1,121$632$349$178
44 years$3,077$1,837$1,052$584$316$159
45 years$2,975$1,751$988$539$287$141
46 years$2,877$1,671$928$498$261$126
47 years$2,784$1,594$871$460$237$112
48 years$2,695$1,522$819$425$215$100
49 years$2,610$1,454$770$393$195$89
50 years$2,529$1,388$724$363$177$79

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 $6,184 every year, while hoping to spend $22,870 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: 32/49/19 Blend
65$2,590,000$2,590,000$2,590,000$2,590,000
66$2,860,559$2,723,289$2,683,144$2,935,019
67$3,128,002$2,832,396$2,748,696$3,100,220
68$3,421,959$2,946,084$2,815,677$3,275,518
69$3,745,108$3,064,551$2,884,111$3,463,855
70$4,100,402$3,188,008$2,954,023$3,666,384
71$4,491,096$3,316,673$3,025,435$3,884,369
72$4,920,773$3,450,775$3,098,372$4,119,196
73$5,393,381$3,590,553$3,172,857$4,372,387
74$5,913,272$3,736,256$3,248,914$4,645,608
75$6,485,240$3,888,147$3,326,567$4,940,688
76$7,114,566$4,046,498$3,405,839$5,259,636
77$7,807,071$4,211,594$3,486,753$5,604,654
78$8,569,165$4,383,736$3,569,332$5,978,163
79$9,407,915$4,563,234$3,653,600$6,382,819
80$10,331,105$4,750,415$3,739,579$6,821,539
81$11,347,314$4,945,621$3,827,290$7,297,529
82$12,465,992$5,149,209$3,916,757$7,814,308
83$13,697,556$5,361,553$4,008,001$8,375,747
84$15,053,479$5,583,042$4,101,042$8,986,097
85$16,546,409$5,814,085$4,195,901$9,650,031
86$18,190,277$6,055,110$4,292,598$10,372,687
87$20,000,438$6,306,564$4,391,153$11,159,711
88$21,993,811$6,568,913$4,491,585$12,017,316
89$24,189,037$6,842,647$4,593,910$12,952,328
90$26,606,660$7,128,278$4,698,148$13,972,260
91$29,269,316$7,426,341$4,804,312$15,085,372
92$32,201,950$7,737,395$4,912,420$16,300,751
93$35,432,048$8,062,026$5,022,485$17,628,394
94$38,989,899$8,400,847$5,134,521$19,079,300
95$42,908,880$8,754,500$5,248,538$20,665,572
96$47,225,770$9,123,656$5,364,549$22,400,525
97$51,981,100$9,509,015$5,482,562$24,298,815
98$57,219,529$9,911,314$5,602,585$26,376,571
99$62,990,273$10,331,320$5,724,624$28,651,544
100$69,347,565$10,769,840$5,848,683$31,143,274