Can I retire at age 66 with 2,600,000?

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 $2,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$214,706$212,793$210,927$209,106$207,328$203,308
2 years$106,290$104,310$102,392$100,532$98,727$94,694
3 years$70,156$68,168$66,254$64,412$62,637$58,715
4 years$52,093$50,111$48,216$46,405$44,673$40,894
5 years$41,257$39,287$37,418$35,643$33,960$30,333
6 years$34,036$32,081$30,239$28,504$26,871$23,402
7 years$28,880$26,942$25,129$23,435$21,853$18,542
8 years$25,015$23,094$21,311$19,659$18,130$14,975
9 years$22,011$20,107$18,355$16,745$15,268$12,268
10 years$19,608$17,724$16,003$14,434$13,009$10,161
11 years$17,644$15,778$14,088$12,562$11,188$8,489
12 years$16,008$14,162$12,503$11,019$9,695$7,141
13 years$14,625$12,798$11,171$9,728$8,455$6,041
14 years$13,441$11,633$10,037$8,635$7,411$5,134
15 years$12,415$10,627$9,062$7,701$6,525$4,379
16 years$11,519$9,750$8,216$6,896$5,767$3,748
17 years$10,729$8,980$7,476$6,196$5,114$3,216
18 years$10,027$8,298$6,825$5,584$4,547$2,765
19 years$9,400$7,690$6,248$5,045$4,053$2,383
20 years$8,837$7,146$5,734$4,569$3,620$2,056
21 years$8,327$6,656$5,274$4,147$3,239$1,777
22 years$7,865$6,213$4,861$3,771$2,904$1,538
23 years$7,443$5,811$4,488$3,434$2,606$1,332
24 years$7,058$5,445$4,151$3,132$2,343$1,155
25 years$6,703$5,110$3,845$2,860$2,108$1,002
26 years$6,377$4,802$3,566$2,615$1,899$870
27 years$6,075$4,519$3,311$2,394$1,712$755
28 years$5,795$4,259$3,078$2,193$1,545$656
29 years$5,535$4,018$2,864$2,011$1,395$571
30 years$5,292$3,794$2,668$1,846$1,260$496
31 years$5,066$3,587$2,487$1,695$1,140$432
32 years$4,855$3,394$2,321$1,558$1,031$376
33 years$4,656$3,214$2,167$1,433$933$327
34 years$4,470$3,046$2,025$1,318$845$285
35 years$4,295$2,889$1,893$1,213$765$248
36 years$4,129$2,742$1,771$1,118$693$216
37 years$3,974$2,604$1,657$1,030$628$188
38 years$3,826$2,475$1,552$949$570$164
39 years$3,687$2,354$1,454$875$516$143
40 years$3,555$2,239$1,363$807$468$124
41 years$3,429$2,132$1,278$745$425$108
42 years$3,310$2,030$1,199$687$386$94
43 years$3,197$1,934$1,125$634$350$82
44 years$3,089$1,844$1,056$586$318$72
45 years$2,986$1,758$991$541$288$63
46 years$2,889$1,677$931$500$262$54
47 years$2,795$1,601$875$462$238$47
48 years$2,706$1,528$822$427$216$41
49 years$2,620$1,459$773$394$196$36
50 years$2,539$1,394$726$364$178$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,600,000, adding $3,028 every year, while hoping to spend $26,398 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: 50/39/11 Blend
65$2,600,000$2,600,000$2,600,000$2,600,000
66$2,868,323$2,730,523$2,690,223$3,003,138
67$3,132,805$2,836,232$2,752,259$3,201,470
68$3,423,379$2,946,235$2,815,487$3,413,833
69$3,742,679$3,060,716$2,879,921$3,643,995
70$4,093,607$3,179,865$2,945,573$3,893,634
71$4,479,357$3,303,881$3,012,452$4,164,594
72$4,903,453$3,432,973$3,080,571$4,458,901
73$5,369,774$3,567,357$3,149,938$4,778,784
74$5,882,593$3,707,260$3,220,564$5,126,691
75$6,446,621$3,852,919$3,292,456$5,505,315
76$7,067,045$4,004,581$3,365,623$5,917,617
77$7,749,584$4,162,505$3,440,071$6,366,854
78$8,500,535$4,326,962$3,515,806$6,856,608
79$9,326,838$4,498,231$3,592,835$7,390,818
80$10,236,141$4,676,610$3,671,160$7,973,819
81$11,236,868$4,862,405$3,750,785$8,610,380
82$12,338,304$5,055,938$3,831,711$9,305,749
83$13,550,677$5,257,545$3,913,940$10,065,698
84$14,885,260$5,467,578$3,997,470$10,896,583
85$16,354,470$5,686,404$4,082,300$11,805,396
86$17,971,994$5,914,406$4,168,425$12,799,835
87$19,752,911$6,151,985$4,255,840$13,888,371
88$21,713,836$6,399,560$4,344,539$15,080,332
89$23,873,078$6,657,569$4,434,512$16,385,982
90$26,250,812$6,926,471$4,525,748$17,816,626
91$28,869,270$7,206,743$4,618,236$19,384,706
92$31,752,948$7,498,886$4,711,959$21,103,923
93$34,928,841$7,803,423$4,806,901$22,989,364
94$38,426,692$8,120,900$4,903,043$25,057,640
95$42,279,281$8,451,890$5,000,360$27,327,042
96$46,522,725$8,796,990$5,098,830$29,817,713
97$51,196,825$9,156,825$5,198,423$32,551,838
98$56,345,440$9,532,049$5,299,109$35,553,844
99$62,016,900$9,923,344$5,400,855$38,850,640
100$68,264,463$10,331,427$5,503,622$42,471,856