Can I retire at age 66 with 2,620,000?

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 $2,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$216,357$214,430$212,550$210,714$208,922$201,912
2 years$107,108$105,113$103,179$101,305$99,487$92,493
3 years$70,696$68,692$66,764$64,907$63,119$56,361
4 years$52,493$50,496$48,587$46,762$45,017$38,547
5 years$41,575$39,590$37,706$35,918$34,221$28,056
6 years$34,298$32,328$30,472$28,724$27,078$21,223
7 years$29,103$27,149$25,322$23,615$22,022$16,476
8 years$25,208$23,272$21,475$19,810$18,269$13,029
9 years$22,180$20,262$18,497$16,874$15,385$10,444
10 years$19,759$17,860$16,126$14,546$13,109$8,458
11 years$17,780$15,900$14,197$12,659$11,274$6,905
12 years$16,132$14,271$12,599$11,104$9,770$5,673
13 years$14,738$12,897$11,257$9,803$8,520$4,684
14 years$13,544$11,723$10,114$8,702$7,468$3,884
15 years$12,511$10,709$9,132$7,761$6,576$3,230
16 years$11,608$9,825$8,279$6,949$5,812$2,694
17 years$10,811$9,049$7,534$6,243$5,153$2,252
18 years$10,104$8,361$6,877$5,627$4,582$1,886
19 years$9,472$7,749$6,296$5,084$4,084$1,582
20 years$8,905$7,201$5,778$4,605$3,648$1,328
21 years$8,391$6,707$5,315$4,179$3,264$1,117
22 years$7,925$6,261$4,898$3,800$2,926$939
23 years$7,501$5,856$4,523$3,460$2,627$791
24 years$7,112$5,487$4,183$3,156$2,361$666
25 years$6,755$5,149$3,874$2,882$2,124$562
26 years$6,426$4,839$3,593$2,635$1,914$474
27 years$6,121$4,554$3,336$2,412$1,725$400
28 years$5,839$4,291$3,102$2,210$1,557$337
29 years$5,577$4,048$2,886$2,027$1,406$285
30 years$5,333$3,823$2,689$1,860$1,270$240
31 years$5,105$3,614$2,506$1,708$1,148$203
32 years$4,892$3,420$2,339$1,570$1,039$171
33 years$4,692$3,239$2,184$1,444$940$145
34 years$4,504$3,070$2,040$1,328$851$122
35 years$4,328$2,911$1,907$1,223$771$103
36 years$4,161$2,763$1,784$1,126$698$87
37 years$4,004$2,625$1,670$1,038$633$74
38 years$3,856$2,494$1,564$956$574$62
39 years$3,715$2,372$1,465$882$520$53
40 years$3,582$2,257$1,373$813$472$45
41 years$3,456$2,148$1,288$750$428$38
42 years$3,336$2,046$1,208$693$389$32
43 years$3,222$1,949$1,134$639$353$27
44 years$3,113$1,858$1,064$590$320$23
45 years$3,009$1,772$999$545$291$19
46 years$2,911$1,690$938$504$264$16
47 years$2,817$1,613$882$465$240$14
48 years$2,726$1,540$828$430$218$12
49 years$2,640$1,470$779$397$198$10
50 years$2,558$1,405$732$367$180$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,620,000, adding $3,281 every year, while hoping to spend $54,550 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: 55/17/28 Blend
65$2,620,000$2,620,000$2,620,000$2,620,000
66$2,890,624$2,751,764$2,711,154$3,027,034
67$3,127,427$2,828,560$2,743,937$3,198,275
68$3,386,556$2,907,290$2,775,990$3,378,783
69$3,670,230$2,987,993$2,807,231$3,574,289
70$3,980,893$3,070,704$2,837,573$3,786,256
71$4,321,237$3,155,462$2,866,925$4,016,296
72$4,694,227$3,242,303$2,895,190$4,266,183
73$5,103,126$3,331,264$2,922,268$4,537,875
74$5,551,531$3,422,383$2,948,050$4,833,526
75$6,043,402$3,515,694$2,972,424$5,155,510
76$6,583,101$3,611,235$2,995,272$5,506,444
77$7,175,432$3,709,040$3,016,468$5,889,210
78$7,825,687$3,809,144$3,035,881$6,306,983
79$8,539,698$3,911,582$3,053,373$6,763,264
80$9,323,884$4,016,387$3,068,799$7,261,909
81$10,185,321$4,123,591$3,082,005$7,807,167
82$11,131,803$4,233,226$3,092,831$8,403,722
83$12,171,914$4,345,321$3,101,108$9,056,733
84$13,315,114$4,459,907$3,106,660$9,771,889
85$14,571,823$4,577,009$3,109,300$10,555,456
86$15,953,520$4,696,654$3,108,833$11,414,340
87$17,472,856$4,818,866$3,105,055$12,356,153
88$19,143,763$4,943,667$3,097,751$13,389,283
89$20,981,597$5,071,077$3,086,695$14,522,974
90$23,003,272$5,201,112$3,071,652$15,767,415
91$25,227,428$5,333,788$3,052,374$17,133,832
92$27,674,598$5,469,117$3,028,601$18,634,600
93$30,367,410$5,607,106$3,000,062$20,283,356
94$33,330,794$5,747,763$2,966,473$22,095,128
95$36,592,219$5,891,087$2,927,534$24,086,480
96$40,181,953$6,037,078$2,882,933$26,275,668
97$44,133,345$6,185,728$2,832,345$28,682,808
98$48,483,144$6,337,026$2,775,425$31,330,072
99$53,271,840$6,490,956$2,711,818$34,241,898
100$58,544,051$6,647,496$2,641,147$37,445,214