Can I retire at age 66 with 2,640,000?

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 $2,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$218,009$216,067$214,172$212,323$210,517$203,616
2 years$107,925$105,915$103,967$102,078$100,246$93,359
3 years$71,235$69,217$67,274$65,403$63,600$56,943
4 years$52,894$50,882$48,958$47,119$45,360$38,985
5 years$41,892$39,892$37,993$36,192$34,482$28,405
6 years$34,560$32,575$30,704$28,943$27,285$21,511
7 years$29,325$27,356$25,515$23,796$22,190$16,718
8 years$25,400$23,449$21,639$19,961$18,408$13,236
9 years$22,349$20,417$18,638$17,003$15,503$10,623
10 years$19,910$17,996$16,249$14,657$13,209$8,614
11 years$17,916$16,021$14,305$12,756$11,360$7,042
12 years$16,255$14,380$12,695$11,188$9,844$5,793
13 years$14,850$12,995$11,343$9,878$8,585$4,790
14 years$13,648$11,812$10,191$8,768$7,525$3,976
15 years$12,606$10,791$9,201$7,820$6,626$3,312
16 years$11,696$9,900$8,342$7,002$5,856$2,766
17 years$10,894$9,118$7,591$6,291$5,192$2,316
18 years$10,181$8,425$6,930$5,669$4,617$1,942
19 years$9,545$7,808$6,344$5,123$4,115$1,631
20 years$8,973$7,256$5,822$4,640$3,676$1,372
21 years$8,455$6,759$5,355$4,211$3,289$1,155
22 years$7,986$6,309$4,936$3,829$2,948$973
23 years$7,558$5,901$4,557$3,487$2,647$821
24 years$7,166$5,528$4,215$3,180$2,379$693
25 years$6,806$5,188$3,904$2,904$2,141$585
26 years$6,475$4,876$3,620$2,656$1,928$494
27 years$6,168$4,589$3,362$2,431$1,738$417
28 years$5,884$4,324$3,125$2,227$1,569$353
29 years$5,620$4,079$2,908$2,042$1,416$298
30 years$5,374$3,852$2,709$1,874$1,280$252
31 years$5,144$3,642$2,526$1,721$1,157$213
32 years$4,929$3,446$2,356$1,582$1,047$181
33 years$4,728$3,263$2,200$1,455$947$153
34 years$4,539$3,093$2,056$1,339$858$129
35 years$4,361$2,934$1,922$1,232$777$109
36 years$4,193$2,784$1,798$1,135$704$93
37 years$4,035$2,645$1,683$1,046$638$78
38 years$3,885$2,513$1,576$964$578$66
39 years$3,743$2,390$1,476$889$524$56
40 years$3,609$2,274$1,384$820$476$48
41 years$3,482$2,164$1,298$756$432$40
42 years$3,361$2,061$1,217$698$392$34
43 years$3,246$1,964$1,142$644$355$29
44 years$3,137$1,872$1,072$595$323$24
45 years$3,032$1,785$1,007$549$293$21
46 years$2,933$1,703$946$507$266$18
47 years$2,838$1,625$888$469$241$15
48 years$2,747$1,551$835$433$219$13
49 years$2,661$1,482$785$400$199$11
50 years$2,578$1,415$738$370$181$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,640,000, adding $3,874 every year, while hoping to spend $22,227 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: 37/37/26 Blend
65$2,640,000$2,640,000$2,640,000$2,640,000
66$2,913,276$2,773,356$2,732,436$2,998,257
67$3,186,781$2,885,601$2,800,323$3,173,369
68$3,487,438$3,002,601$2,869,740$3,360,071
69$3,817,994$3,124,566$2,940,713$3,561,311
70$4,181,474$3,251,714$3,013,272$3,778,415
71$4,581,212$3,384,275$3,087,444$4,012,838
72$5,020,879$3,522,489$3,163,257$4,266,179
73$5,504,522$3,666,604$3,240,739$4,540,192
74$6,036,600$3,816,884$3,319,921$4,836,804
75$6,622,024$3,973,603$3,400,829$5,158,133
76$7,266,207$4,137,045$3,483,493$5,506,503
77$7,975,111$4,307,512$3,567,941$5,884,471
78$8,755,308$4,485,316$3,654,203$6,294,844
79$9,614,037$4,670,784$3,742,306$6,740,710
80$10,559,276$4,864,259$3,832,280$7,225,462
81$11,599,814$5,066,100$3,924,154$7,752,830
82$12,745,337$5,276,680$4,017,955$8,326,918
83$14,006,517$5,496,393$4,113,712$8,952,237
84$15,395,114$5,725,649$4,211,454$9,633,747
85$16,924,085$5,964,876$4,311,207$10,376,907
86$18,607,710$6,214,523$4,413,001$11,187,721
87$20,461,722$6,475,059$4,516,861$12,072,793
88$22,503,457$6,746,977$4,622,816$13,039,390
89$24,752,021$7,030,790$4,730,892$14,095,509
90$27,228,465$7,327,036$4,841,114$15,249,949
91$29,955,985$7,636,278$4,953,508$16,512,394
92$32,960,144$7,959,105$5,068,100$17,893,502
93$36,269,110$8,296,132$5,184,912$19,405,003
94$39,913,922$8,648,005$5,303,970$21,059,811
95$43,928,784$9,015,399$5,425,294$22,872,140
96$48,351,387$9,399,020$5,548,908$24,857,637
97$53,223,263$9,799,607$5,674,832$27,033,532
98$58,590,182$10,217,935$5,803,085$29,418,789
99$64,502,579$10,654,811$5,933,686$32,034,295
100$71,016,030$11,111,085$6,066,653$34,903,042