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%19.4%
1 years$217,183$215,248$213,361$211,519$209,720$201,798
2 years$107,516$105,514$103,573$101,692$99,867$91,977
3 years$70,966$68,955$67,019$65,155$63,359$55,751
4 years$52,694$50,689$48,773$46,940$45,189$37,919
5 years$41,734$39,741$37,849$36,055$34,352$27,439
6 years$34,429$32,451$30,588$28,833$27,181$20,632
7 years$29,214$27,253$25,419$23,705$22,106$15,916
8 years$25,304$23,360$21,557$19,886$18,339$12,504
9 years$22,265$20,339$18,567$16,938$15,444$9,956
10 years$19,835$17,928$16,187$14,601$13,159$8,007
11 years$17,848$15,960$14,251$12,707$11,317$6,491
12 years$16,193$14,325$12,647$11,146$9,807$5,294
13 years$14,794$12,946$11,300$9,840$8,552$4,338
14 years$13,596$11,767$10,153$8,735$7,497$3,569
15 years$12,559$10,750$9,167$7,790$6,601$2,945
16 years$11,652$9,863$8,311$6,975$5,834$2,437
17 years$10,853$9,083$7,563$6,267$5,173$2,021
18 years$10,143$8,393$6,904$5,648$4,599$1,678
19 years$9,509$7,779$6,320$5,103$4,099$1,396
20 years$8,939$7,228$5,800$4,622$3,662$1,162
21 years$8,423$6,733$5,335$4,195$3,277$969
22 years$7,956$6,285$4,917$3,814$2,937$808
23 years$7,529$5,878$4,540$3,474$2,637$675
24 years$7,139$5,508$4,199$3,168$2,370$563
25 years$6,781$5,169$3,889$2,893$2,132$471
26 years$6,450$4,858$3,607$2,645$1,921$394
27 years$6,145$4,572$3,349$2,421$1,732$329
28 years$5,862$4,308$3,113$2,219$1,563$275
29 years$5,599$4,064$2,897$2,035$1,411$230
30 years$5,354$3,838$2,699$1,867$1,275$193
31 years$5,125$3,628$2,516$1,715$1,153$161
32 years$4,911$3,433$2,347$1,576$1,043$135
33 years$4,710$3,251$2,192$1,449$944$113
34 years$4,521$3,081$2,048$1,333$854$95
35 years$4,344$2,922$1,915$1,227$774$79
36 years$4,177$2,774$1,791$1,130$701$66
37 years$4,019$2,635$1,676$1,042$635$55
38 years$3,870$2,504$1,570$960$576$46
39 years$3,729$2,381$1,471$885$522$39
40 years$3,596$2,265$1,379$816$474$33
41 years$3,469$2,156$1,293$753$430$27
42 years$3,348$2,054$1,213$695$390$23
43 years$3,234$1,957$1,138$642$354$19
44 years$3,125$1,865$1,068$593$321$16
45 years$3,021$1,778$1,003$547$292$13
46 years$2,922$1,697$942$506$265$11
47 years$2,827$1,619$885$467$241$9
48 years$2,737$1,546$832$432$218$8
49 years$2,650$1,476$782$399$198$7
50 years$2,568$1,410$735$369$180$6

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 $2,318 every year, while hoping to spend $33,810 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: 51/21/28 Blend
65$2,630,000$2,630,000$2,630,000$2,630,000
66$2,900,651$2,761,261$2,720,496$3,025,588
67$3,160,544$2,860,589$2,775,659$3,212,247
68$3,445,813$2,963,651$2,831,537$3,411,529
69$3,759,010$3,070,595$2,888,118$3,627,568
70$4,102,948$3,181,573$2,945,388$3,861,974
71$4,480,723$3,296,745$3,003,334$4,116,520
72$4,895,749$3,416,277$3,061,938$4,393,156
73$5,351,785$3,540,344$3,121,182$4,694,026
74$5,852,971$3,669,125$3,181,045$5,021,493
75$6,403,870$3,802,808$3,241,507$5,378,156
76$7,009,508$3,941,589$3,302,541$5,766,875
77$7,675,424$4,085,673$3,364,122$6,190,801
78$8,407,718$4,235,272$3,426,221$6,653,401
79$9,213,112$4,390,607$3,488,806$7,158,492
80$10,099,012$4,551,909$3,551,843$7,710,279
81$11,073,578$4,719,420$3,615,297$8,313,389
82$12,145,800$4,893,389$3,679,127$8,972,920
83$13,325,585$5,074,078$3,743,291$9,694,483
84$14,623,847$5,261,759$3,807,743$10,484,261
85$16,052,611$5,456,717$3,872,434$11,349,061
86$17,625,129$5,659,248$3,937,312$12,296,379
87$19,356,001$5,869,660$4,002,321$13,334,474
88$21,261,315$6,088,276$4,067,401$14,472,441
89$23,358,798$6,315,429$4,132,487$15,720,299
90$25,667,981$6,551,472$4,197,512$17,089,082
91$28,210,389$6,796,768$4,262,402$18,590,946
92$31,009,738$7,051,698$4,327,081$20,239,282
93$34,092,159$7,316,660$4,391,467$22,048,841
94$37,486,449$7,592,066$4,455,471$24,035,873
95$41,224,339$7,878,349$4,519,001$26,218,279
96$45,340,794$8,175,960$4,581,960$28,615,782
97$49,874,341$8,485,368$4,644,241$31,250,109
98$54,867,437$8,807,064$4,705,736$34,145,196
99$60,366,864$9,141,560$4,766,328$37,327,417
100$66,424,177$9,489,388$4,825,892$40,825,826