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%11.8%
1 years$217,183$215,248$213,361$211,519$209,720$208,137
2 years$107,516$105,514$103,573$101,692$99,867$98,270
3 years$70,966$68,955$67,019$65,155$63,359$61,800
4 years$52,694$50,689$48,773$46,940$45,189$43,677
5 years$41,734$39,741$37,849$36,055$34,352$32,893
6 years$34,429$32,451$30,588$28,833$27,181$25,778
7 years$29,214$27,253$25,419$23,705$22,106$20,757
8 years$25,304$23,360$21,557$19,886$18,339$17,046
9 years$22,265$20,339$18,567$16,938$15,444$14,206
10 years$19,835$17,928$16,187$14,601$13,159$11,976
11 years$17,848$15,960$14,251$12,707$11,317$10,187
12 years$16,193$14,325$12,647$11,146$9,807$8,730
13 years$14,794$12,946$11,300$9,840$8,552$7,526
14 years$13,596$11,767$10,153$8,735$7,497$6,521
15 years$12,559$10,750$9,167$7,790$6,601$5,674
16 years$11,652$9,863$8,311$6,975$5,834$4,954
17 years$10,853$9,083$7,563$6,267$5,173$4,339
18 years$10,143$8,393$6,904$5,648$4,599$3,810
19 years$9,509$7,779$6,320$5,103$4,099$3,353
20 years$8,939$7,228$5,800$4,622$3,662$2,956
21 years$8,423$6,733$5,335$4,195$3,277$2,611
22 years$7,956$6,285$4,917$3,814$2,937$2,310
23 years$7,529$5,878$4,540$3,474$2,637$2,046
24 years$7,139$5,508$4,199$3,168$2,370$1,814
25 years$6,781$5,169$3,889$2,893$2,132$1,610
26 years$6,450$4,858$3,607$2,645$1,921$1,430
27 years$6,145$4,572$3,349$2,421$1,732$1,271
28 years$5,862$4,308$3,113$2,219$1,563$1,131
29 years$5,599$4,064$2,897$2,035$1,411$1,007
30 years$5,354$3,838$2,699$1,867$1,275$896
31 years$5,125$3,628$2,516$1,715$1,153$799
32 years$4,911$3,433$2,347$1,576$1,043$712
33 years$4,710$3,251$2,192$1,449$944$635
34 years$4,521$3,081$2,048$1,333$854$566
35 years$4,344$2,922$1,915$1,227$774$505
36 years$4,177$2,774$1,791$1,130$701$451
37 years$4,019$2,635$1,676$1,042$635$403
38 years$3,870$2,504$1,570$960$576$360
39 years$3,729$2,381$1,471$885$522$321
40 years$3,596$2,265$1,379$816$474$287
41 years$3,469$2,156$1,293$753$430$256
42 years$3,348$2,054$1,213$695$390$229
43 years$3,234$1,957$1,138$642$354$205
44 years$3,125$1,865$1,068$593$321$183
45 years$3,021$1,778$1,003$547$292$163
46 years$2,922$1,697$942$506$265$146
47 years$2,827$1,619$885$467$241$131
48 years$2,737$1,546$832$432$218$117
49 years$2,650$1,476$782$399$198$104
50 years$2,568$1,410$735$369$180$93

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 $2,670 every year, while hoping to spend $54,820 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: 44/34/22 Blend
65$2,630,000$2,630,000$2,630,000$2,630,000
66$2,901,014$2,761,624$2,720,859$3,010,057
67$3,138,589$2,838,616$2,753,680$3,164,383
68$3,398,560$2,917,542$2,785,763$3,326,009
69$3,683,153$2,998,441$2,817,025$3,500,095
70$3,994,819$3,081,350$2,847,380$3,687,822
71$4,336,258$3,166,304$2,876,735$3,890,492
72$4,710,445$3,253,341$2,904,994$4,109,539
73$5,120,653$3,342,497$2,932,054$4,346,539
74$5,570,488$3,433,808$2,957,807$4,603,231
75$6,063,925$3,527,311$2,982,140$4,881,527
76$6,605,337$3,623,042$3,004,933$5,183,535
77$7,199,544$3,721,033$3,026,061$5,511,575
78$7,851,855$3,821,322$3,045,392$5,868,204
79$8,568,118$3,923,939$3,062,786$6,256,238
80$9,354,773$4,028,920$3,078,096$6,678,779
81$10,218,917$4,136,295$3,091,170$7,139,244
82$11,168,368$4,246,094$3,101,846$7,641,397
83$12,211,738$4,358,349$3,109,953$8,189,388
84$13,358,513$4,473,086$3,115,315$8,787,785
85$14,619,146$4,590,332$3,117,743$9,441,625
86$16,005,153$4,710,112$3,117,041$10,156,454
87$17,529,220$4,832,449$3,113,004$10,938,387
88$19,205,326$4,957,365$3,105,415$11,794,160
89$21,048,871$5,084,877$3,094,048$12,731,194
90$23,076,822$5,215,002$3,078,664$13,757,671
91$25,307,874$5,347,754$3,059,016$14,882,602
92$27,762,627$5,483,143$3,034,843$16,115,920
93$30,463,774$5,621,177$3,005,869$17,468,571
94$33,436,323$5,761,859$2,971,810$18,952,616
95$36,707,828$5,905,190$2,932,366$20,581,347
96$40,308,648$6,051,165$2,887,221$22,369,413
97$44,272,234$6,199,777$2,836,048$24,332,957
98$48,635,448$6,351,012$2,778,501$26,489,768
99$53,438,904$6,504,852$2,714,222$28,859,453
100$58,727,356$6,661,273$2,642,832$31,463,616