Can I retire at age 66 with 2,630,000?

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 $2,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$217,183$215,248$213,361$211,519$209,720$207,530
2 years$107,516$105,514$103,573$101,692$99,867$97,661
3 years$70,966$68,955$67,019$65,155$63,359$61,207
4 years$52,694$50,689$48,773$46,940$45,189$43,106
5 years$41,734$39,741$37,849$36,055$34,352$32,344
6 years$34,429$32,451$30,588$28,833$27,181$25,252
7 years$29,214$27,253$25,419$23,705$22,106$20,256
8 years$25,304$23,360$21,557$19,886$18,339$16,568
9 years$22,265$20,339$18,567$16,938$15,444$13,751
10 years$19,835$17,928$16,187$14,601$13,159$11,543
11 years$17,848$15,960$14,251$12,707$11,317$9,777
12 years$16,193$14,325$12,647$11,146$9,807$8,342
13 years$14,794$12,946$11,300$9,840$8,552$7,159
14 years$13,596$11,767$10,153$8,735$7,497$6,174
15 years$12,559$10,750$9,167$7,790$6,601$5,347
16 years$11,652$9,863$8,311$6,975$5,834$4,646
17 years$10,853$9,083$7,563$6,267$5,173$4,049
18 years$10,143$8,393$6,904$5,648$4,599$3,538
19 years$9,509$7,779$6,320$5,103$4,099$3,098
20 years$8,939$7,228$5,800$4,622$3,662$2,718
21 years$8,423$6,733$5,335$4,195$3,277$2,388
22 years$7,956$6,285$4,917$3,814$2,937$2,101
23 years$7,529$5,878$4,540$3,474$2,637$1,851
24 years$7,139$5,508$4,199$3,168$2,370$1,632
25 years$6,781$5,169$3,889$2,893$2,132$1,441
26 years$6,450$4,858$3,607$2,645$1,921$1,273
27 years$6,145$4,572$3,349$2,421$1,732$1,125
28 years$5,862$4,308$3,113$2,219$1,563$996
29 years$5,599$4,064$2,897$2,035$1,411$881
30 years$5,354$3,838$2,699$1,867$1,275$780
31 years$5,125$3,628$2,516$1,715$1,153$691
32 years$4,911$3,433$2,347$1,576$1,043$613
33 years$4,710$3,251$2,192$1,449$944$543
34 years$4,521$3,081$2,048$1,333$854$482
35 years$4,344$2,922$1,915$1,227$774$427
36 years$4,177$2,774$1,791$1,130$701$379
37 years$4,019$2,635$1,676$1,042$635$336
38 years$3,870$2,504$1,570$960$576$299
39 years$3,729$2,381$1,471$885$522$265
40 years$3,596$2,265$1,379$816$474$235
41 years$3,469$2,156$1,293$753$430$209
42 years$3,348$2,054$1,213$695$390$186
43 years$3,234$1,957$1,138$642$354$165
44 years$3,125$1,865$1,068$593$321$146
45 years$3,021$1,778$1,003$547$292$130
46 years$2,922$1,697$942$506$265$116
47 years$2,827$1,619$885$467$241$103
48 years$2,737$1,546$832$432$218$91
49 years$2,650$1,476$782$399$198$81
50 years$2,568$1,410$735$369$180$72

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,630,000, adding $2,025 every year, while hoping to spend $41,838 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: 60/21/19 Blend
65$2,630,000$2,630,000$2,630,000$2,630,000
66$2,900,349$2,760,959$2,720,194$3,059,910
67$3,151,669$2,851,730$2,766,805$3,258,861
68$3,427,222$2,945,548$2,813,575$3,471,016
69$3,729,434$3,042,516$2,860,466$3,701,521
70$4,060,981$3,142,743$2,907,436$3,952,158
71$4,424,806$3,246,343$2,954,440$4,224,891
72$4,824,154$3,353,431$3,001,432$4,521,881
73$5,262,598$3,464,129$3,048,360$4,845,509
74$5,744,074$3,578,563$3,095,171$5,198,393
75$6,272,919$3,696,862$3,141,808$5,583,418
76$6,853,908$3,819,160$3,188,211$6,003,761
77$7,492,305$3,945,597$3,234,314$6,462,920
78$8,193,906$4,076,317$3,280,050$6,964,744
79$8,965,098$4,211,470$3,325,345$7,513,478
80$9,812,918$4,351,211$3,370,123$8,113,791
81$10,745,116$4,495,702$3,414,303$8,770,829
82$11,770,234$4,645,107$3,457,798$9,490,259
83$12,897,681$4,799,600$3,500,518$10,278,322
84$14,137,825$4,959,361$3,542,365$11,141,896
85$15,502,087$5,124,574$3,583,239$12,088,552
86$17,003,054$5,295,432$3,623,031$13,126,634
87$18,654,591$5,472,134$3,661,629$14,265,332
88$20,471,978$5,654,887$3,698,912$15,514,771
89$22,472,049$5,843,906$3,734,754$16,886,104
90$24,673,353$6,039,412$3,769,024$18,391,620
91$27,096,328$6,241,636$3,801,579$20,044,855
92$29,763,495$6,450,818$3,832,273$21,860,723
93$32,699,668$6,667,205$3,860,951$23,855,657
94$35,932,190$6,891,054$3,887,449$26,047,760
95$39,491,190$7,122,632$3,911,595$28,456,979
96$43,409,866$7,362,216$3,933,209$31,105,290
97$47,724,800$7,610,092$3,952,099$34,016,907
98$52,476,303$7,866,559$3,968,067$37,218,510
99$57,708,791$8,131,926$3,980,902$40,739,494
100$63,471,209$8,406,512$3,990,384$44,612,250