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%14.9%
1 years$216,357$214,430$212,550$210,714$208,922$204,704
2 years$107,108$105,113$103,179$101,305$99,487$95,256
3 years$70,696$68,692$66,764$64,907$63,119$59,006
4 years$52,493$50,496$48,587$46,762$45,017$41,055
5 years$41,575$39,590$37,706$35,918$34,221$30,421
6 years$34,298$32,328$30,472$28,724$27,078$23,444
7 years$29,103$27,149$25,322$23,615$22,022$18,554
8 years$25,208$23,272$21,475$19,810$18,269$14,968
9 years$22,180$20,262$18,497$16,874$15,385$12,247
10 years$19,759$17,860$16,126$14,546$13,109$10,131
11 years$17,780$15,900$14,197$12,659$11,274$8,453
12 years$16,132$14,271$12,599$11,104$9,770$7,102
13 years$14,738$12,897$11,257$9,803$8,520$6,000
14 years$13,544$11,723$10,114$8,702$7,468$5,092
15 years$12,511$10,709$9,132$7,761$6,576$4,338
16 years$11,608$9,825$8,279$6,949$5,812$3,707
17 years$10,811$9,049$7,534$6,243$5,153$3,176
18 years$10,104$8,361$6,877$5,627$4,582$2,727
19 years$9,472$7,749$6,296$5,084$4,084$2,347
20 years$8,905$7,201$5,778$4,605$3,648$2,022
21 years$8,391$6,707$5,315$4,179$3,264$1,745
22 years$7,925$6,261$4,898$3,800$2,926$1,507
23 years$7,501$5,856$4,523$3,460$2,627$1,304
24 years$7,112$5,487$4,183$3,156$2,361$1,128
25 years$6,755$5,149$3,874$2,882$2,124$977
26 years$6,426$4,839$3,593$2,635$1,914$847
27 years$6,121$4,554$3,336$2,412$1,725$735
28 years$5,839$4,291$3,102$2,210$1,557$637
29 years$5,577$4,048$2,886$2,027$1,406$553
30 years$5,333$3,823$2,689$1,860$1,270$480
31 years$5,105$3,614$2,506$1,708$1,148$417
32 years$4,892$3,420$2,339$1,570$1,039$362
33 years$4,692$3,239$2,184$1,444$940$315
34 years$4,504$3,070$2,040$1,328$851$274
35 years$4,328$2,911$1,907$1,223$771$238
36 years$4,161$2,763$1,784$1,126$698$207
37 years$4,004$2,625$1,670$1,038$633$180
38 years$3,856$2,494$1,564$956$574$156
39 years$3,715$2,372$1,465$882$520$136
40 years$3,582$2,257$1,373$813$472$118
41 years$3,456$2,148$1,288$750$428$103
42 years$3,336$2,046$1,208$693$389$90
43 years$3,222$1,949$1,134$639$353$78
44 years$3,113$1,858$1,064$590$320$68
45 years$3,009$1,772$999$545$291$59
46 years$2,911$1,690$938$504$264$51
47 years$2,817$1,613$882$465$240$45
48 years$2,726$1,540$828$430$218$39
49 years$2,640$1,470$779$397$198$34
50 years$2,558$1,405$732$367$180$29

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 $4,703 every year, while hoping to spend $29,296 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: 54/29/17 Blend
65$2,620,000$2,620,000$2,620,000$2,620,000
66$2,892,091$2,753,231$2,712,621$3,034,816
67$3,155,914$2,856,969$2,772,323$3,236,560
68$3,445,664$2,964,808$2,833,043$3,452,533
69$3,763,957$3,076,918$2,894,785$3,686,971
70$4,113,670$3,193,477$2,957,550$3,941,642
71$4,497,977$3,314,669$3,021,340$4,218,492
72$4,920,371$3,440,689$3,086,156$4,519,658
73$5,384,703$3,571,737$3,151,996$4,847,493
74$5,895,214$3,708,023$3,218,860$5,204,583
75$6,456,578$3,849,768$3,286,743$5,593,778
76$7,073,942$3,997,200$3,355,642$6,018,209
77$7,752,979$4,150,557$3,425,551$6,481,323
78$8,499,939$4,310,091$3,496,463$6,986,915
79$9,321,708$4,476,060$3,568,370$7,539,160
80$10,225,872$4,648,738$3,641,261$8,142,654
81$11,220,792$4,828,407$3,715,124$8,802,456
82$12,315,679$5,015,364$3,789,946$9,524,134
83$13,520,680$5,209,919$3,865,711$10,313,821
84$14,846,978$5,412,394$3,942,401$11,178,264
85$16,306,895$5,623,127$4,019,997$12,124,897
86$17,914,008$5,842,470$4,098,477$13,161,901
87$19,683,277$6,070,791$4,177,815$14,298,287
88$21,631,185$6,308,473$4,257,986$15,543,976
89$23,775,896$6,555,919$4,338,959$16,909,894
90$26,137,425$6,813,547$4,420,702$18,408,073
91$28,737,827$7,081,795$4,503,180$20,051,765
92$31,601,403$7,361,120$4,586,354$21,855,564
93$34,754,931$7,652,000$4,670,182$23,835,542
94$38,227,920$7,954,934$4,754,619$26,009,404
95$42,052,886$8,270,444$4,839,617$28,396,649
96$46,265,658$8,599,074$4,925,122$31,018,757
97$50,905,719$8,941,392$5,011,078$33,899,384
98$56,016,577$9,297,995$5,097,423$37,064,593
99$61,646,174$9,669,503$5,184,093$40,543,090
100$67,847,342$10,056,567$5,271,018$44,366,500