Can I retire at age 66 with 2,610,000?

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 $2,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$215,531$213,612$211,738$209,910$208,125$202,274
2 years$106,699$104,712$102,786$100,918$99,107$93,257
3 years$70,426$68,430$66,509$64,659$62,878$57,211
4 years$52,293$50,303$48,402$46,583$44,845$39,406
5 years$41,416$39,438$37,562$35,781$34,090$28,894
6 years$34,167$32,204$30,355$28,614$26,975$22,025
7 years$28,992$27,045$25,225$23,525$21,938$17,236
8 years$25,112$23,183$21,393$19,735$18,199$13,742
9 years$22,095$20,185$18,426$16,810$15,326$11,110
10 years$19,684$17,792$16,064$14,490$13,059$9,077
11 years$17,712$15,839$14,143$12,611$11,231$7,478
12 years$16,070$14,216$12,551$11,061$9,733$6,201
13 years$14,682$12,847$11,214$9,765$8,487$5,169
14 years$13,493$11,678$10,076$8,669$7,440$4,327
15 years$12,463$10,668$9,097$7,731$6,550$3,635
16 years$11,563$9,788$8,248$6,922$5,789$3,062
17 years$10,770$9,014$7,505$6,220$5,133$2,586
18 years$10,066$8,329$6,851$5,605$4,564$2,188
19 years$9,436$7,720$6,272$5,065$4,068$1,855
20 years$8,871$7,173$5,756$4,587$3,634$1,574
21 years$8,359$6,682$5,294$4,163$3,252$1,338
22 years$7,895$6,237$4,880$3,785$2,915$1,138
23 years$7,472$5,834$4,505$3,447$2,617$969
24 years$7,085$5,466$4,167$3,144$2,352$825
25 years$6,729$5,129$3,859$2,871$2,116$704
26 years$6,401$4,821$3,579$2,625$1,906$600
27 years$6,098$4,537$3,324$2,403$1,719$512
28 years$5,817$4,275$3,090$2,202$1,551$437
29 years$5,556$4,033$2,875$2,019$1,400$373
30 years$5,313$3,809$2,678$1,853$1,265$319
31 years$5,086$3,600$2,497$1,702$1,144$272
32 years$4,873$3,407$2,330$1,564$1,035$233
33 years$4,674$3,226$2,175$1,438$936$199
34 years$4,487$3,058$2,032$1,323$848$170
35 years$4,311$2,900$1,900$1,218$768$145
36 years$4,145$2,753$1,778$1,122$696$124
37 years$3,989$2,615$1,664$1,034$631$106
38 years$3,841$2,485$1,558$953$572$91
39 years$3,701$2,363$1,460$879$518$78
40 years$3,568$2,248$1,368$810$470$66
41 years$3,442$2,140$1,283$748$427$57
42 years$3,323$2,038$1,203$690$387$49
43 years$3,209$1,942$1,129$637$351$42
44 years$3,101$1,851$1,060$588$319$36
45 years$2,998$1,765$995$543$290$30
46 years$2,900$1,684$935$502$263$26
47 years$2,806$1,607$878$463$239$22
48 years$2,716$1,534$825$428$217$19
49 years$2,630$1,465$776$396$197$16
50 years$2,548$1,399$729$366$179$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,610,000, adding $2,438 every year, while hoping to spend $40,797 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: 56/31/13 Blend
65$2,610,000$2,610,000$2,610,000$2,610,000
66$2,878,735$2,740,405$2,699,950$3,030,236
67$3,128,958$2,831,277$2,746,990$3,224,045
68$3,403,337$2,925,234$2,794,240$3,430,377
69$3,704,292$3,022,386$2,841,661$3,654,174
70$4,034,489$3,122,842$2,889,217$3,897,114
71$4,396,866$3,226,720$2,936,864$4,161,041
72$4,794,657$3,334,141$2,984,560$4,447,985
73$5,231,427$3,445,228$3,032,258$4,760,179
74$5,711,100$3,560,112$3,079,906$5,100,082
75$6,238,001$3,678,926$3,127,451$5,470,398
76$6,816,893$3,801,809$3,174,837$5,874,106
77$7,453,024$3,928,906$3,222,002$6,314,482
78$8,152,177$4,060,367$3,268,883$6,795,134
79$8,920,720$4,196,346$3,315,412$7,320,035
80$9,765,670$4,337,003$3,361,515$7,893,557
81$10,694,759$4,482,507$3,407,116$8,520,516
82$11,716,504$4,633,030$3,452,134$9,206,215
83$12,840,290$4,788,751$3,496,483$9,956,490
84$14,076,456$4,949,856$3,540,072$10,777,771
85$15,436,395$5,116,539$3,582,805$11,677,139
86$16,932,657$5,289,000$3,624,579$12,662,391
87$18,579,074$5,467,446$3,665,288$13,742,115
88$20,390,883$5,652,094$3,704,818$14,925,770
89$22,384,873$5,843,167$3,743,050$16,223,774
90$24,579,545$6,040,898$3,779,857$17,647,603
91$26,995,284$6,245,527$3,815,107$19,209,896
92$29,654,549$6,457,304$3,848,660$20,924,579
93$32,582,091$6,676,489$3,880,367$22,806,988
94$35,805,179$6,903,352$3,910,075$24,874,020
95$39,353,863$7,138,173$3,937,618$27,144,288
96$43,261,255$7,381,241$3,962,826$29,638,297
97$47,563,839$7,632,858$3,985,517$32,378,638
98$52,301,820$7,893,337$4,005,501$35,390,197
99$57,519,499$8,163,004$4,022,579$38,700,392
100$63,265,692$8,442,195$4,036,540$42,339,432