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%13.9%
1 years$215,531$213,612$211,738$209,910$208,125$204,761
2 years$106,699$104,712$102,786$100,918$99,107$95,728
3 years$70,426$68,430$66,509$64,659$62,878$59,587
4 years$52,293$50,303$48,402$46,583$44,845$41,669
5 years$41,416$39,438$37,562$35,781$34,090$31,039
6 years$34,167$32,204$30,355$28,614$26,975$24,050
7 years$28,992$27,045$25,225$23,525$21,938$19,141
8 years$25,112$23,183$21,393$19,735$18,199$15,531
9 years$22,095$20,185$18,426$16,810$15,326$12,784
10 years$19,684$17,792$16,064$14,490$13,059$10,641
11 years$17,712$15,839$14,143$12,611$11,231$8,934
12 years$16,070$14,216$12,551$11,061$9,733$7,555
13 years$14,682$12,847$11,214$9,765$8,487$6,425
14 years$13,493$11,678$10,076$8,669$7,440$5,489
15 years$12,463$10,668$9,097$7,731$6,550$4,709
16 years$11,563$9,788$8,248$6,922$5,789$4,052
17 years$10,770$9,014$7,505$6,220$5,133$3,497
18 years$10,066$8,329$6,851$5,605$4,564$3,025
19 years$9,436$7,720$6,272$5,065$4,068$2,622
20 years$8,871$7,173$5,756$4,587$3,634$2,276
21 years$8,359$6,682$5,294$4,163$3,252$1,979
22 years$7,895$6,237$4,880$3,785$2,915$1,723
23 years$7,472$5,834$4,505$3,447$2,617$1,502
24 years$7,085$5,466$4,167$3,144$2,352$1,310
25 years$6,729$5,129$3,859$2,871$2,116$1,144
26 years$6,401$4,821$3,579$2,625$1,906$999
27 years$6,098$4,537$3,324$2,403$1,719$873
28 years$5,817$4,275$3,090$2,202$1,551$764
29 years$5,556$4,033$2,875$2,019$1,400$669
30 years$5,313$3,809$2,678$1,853$1,265$585
31 years$5,086$3,600$2,497$1,702$1,144$513
32 years$4,873$3,407$2,330$1,564$1,035$449
33 years$4,674$3,226$2,175$1,438$936$393
34 years$4,487$3,058$2,032$1,323$848$345
35 years$4,311$2,900$1,900$1,218$768$302
36 years$4,145$2,753$1,778$1,122$696$265
37 years$3,989$2,615$1,664$1,034$631$232
38 years$3,841$2,485$1,558$953$572$204
39 years$3,701$2,363$1,460$879$518$179
40 years$3,568$2,248$1,368$810$470$157
41 years$3,442$2,140$1,283$748$427$138
42 years$3,323$2,038$1,203$690$387$121
43 years$3,209$1,942$1,129$637$351$106
44 years$3,101$1,851$1,060$588$319$93
45 years$2,998$1,765$995$543$290$82
46 years$2,900$1,684$935$502$263$72
47 years$2,806$1,607$878$463$239$63
48 years$2,716$1,534$825$428$217$55
49 years$2,630$1,465$776$396$197$48
50 years$2,548$1,399$729$366$179$43

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 $5,669 every year, while hoping to spend $27,065 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: 38/41/21 Blend
65$2,610,000$2,610,000$2,610,000$2,610,000
66$2,882,068$2,743,738$2,703,283$2,973,270
67$3,147,242$2,849,384$2,765,046$3,145,439
68$3,438,556$2,959,300$2,827,971$3,328,421
69$3,758,649$3,073,665$2,892,068$3,525,623
70$4,110,426$3,192,670$2,957,347$3,738,348
71$4,497,089$3,316,511$3,023,818$3,968,021
72$4,922,165$3,445,392$3,091,488$4,216,211
73$5,389,539$3,579,530$3,160,367$4,484,639
74$5,903,493$3,719,148$3,230,460$4,775,195
75$6,468,743$3,864,480$3,301,774$5,089,957
76$7,090,486$4,015,770$3,374,314$5,431,207
77$7,774,448$4,173,275$3,448,086$5,801,454
78$8,526,937$4,337,260$3,523,092$6,203,455
79$9,354,903$4,508,005$3,599,335$6,640,242
80$10,266,006$4,685,801$3,676,815$7,115,146
81$11,268,685$4,870,950$3,755,534$7,631,833
82$12,372,236$5,063,772$3,835,490$8,194,332
83$13,586,904$5,264,598$3,916,679$8,807,076
84$14,923,980$5,473,774$3,999,099$9,474,940
85$16,395,899$5,691,663$4,082,743$10,203,288
86$18,016,370$5,918,643$4,167,603$10,998,020
87$19,800,493$6,155,110$4,253,672$11,865,629
88$21,764,910$6,401,477$4,340,936$12,813,259
89$23,927,958$6,658,176$4,429,385$13,848,772
90$26,309,842$6,925,659$4,519,001$14,980,820
91$28,932,827$7,204,398$4,609,769$16,218,925
92$31,821,447$7,494,885$4,701,668$17,573,570
93$35,002,736$7,797,636$4,794,676$19,056,293
94$38,506,486$8,113,191$4,888,768$20,679,795
95$42,365,522$8,442,111$4,983,916$22,458,059
96$46,616,018$8,784,988$5,080,090$24,406,480
97$51,297,835$9,142,435$5,177,256$26,542,008
98$56,454,897$9,515,098$5,275,377$28,883,305
99$62,135,607$9,903,648$5,374,413$31,450,921
100$68,393,302$10,308,790$5,474,319$34,267,486