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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.4%
1 years$218,009$216,067$214,172$212,323$210,517$207,543
2 years$107,925$105,915$103,967$102,078$100,246$97,255
3 years$71,235$69,217$67,274$65,403$63,600$60,686
4 years$52,894$50,882$48,958$47,119$45,360$42,545
5 years$41,892$39,892$37,993$36,192$34,482$31,774
6 years$34,560$32,575$30,704$28,943$27,285$24,686
7 years$29,325$27,356$25,515$23,796$22,190$19,703
8 years$25,400$23,449$21,639$19,961$18,408$16,032
9 years$22,349$20,417$18,638$17,003$15,503$13,236
10 years$19,910$17,996$16,249$14,657$13,209$11,051
11 years$17,916$16,021$14,305$12,756$11,360$9,308
12 years$16,255$14,380$12,695$11,188$9,844$7,896
13 years$14,850$12,995$11,343$9,878$8,585$6,737
14 years$13,648$11,812$10,191$8,768$7,525$5,775
15 years$12,606$10,791$9,201$7,820$6,626$4,971
16 years$11,696$9,900$8,342$7,002$5,856$4,293
17 years$10,894$9,118$7,591$6,291$5,192$3,718
18 years$10,181$8,425$6,930$5,669$4,617$3,227
19 years$9,545$7,808$6,344$5,123$4,115$2,808
20 years$8,973$7,256$5,822$4,640$3,676$2,447
21 years$8,455$6,759$5,355$4,211$3,289$2,135
22 years$7,986$6,309$4,936$3,829$2,948$1,866
23 years$7,558$5,901$4,557$3,487$2,647$1,633
24 years$7,166$5,528$4,215$3,180$2,379$1,430
25 years$6,806$5,188$3,904$2,904$2,141$1,253
26 years$6,475$4,876$3,620$2,656$1,928$1,099
27 years$6,168$4,589$3,362$2,431$1,738$965
28 years$5,884$4,324$3,125$2,227$1,569$847
29 years$5,620$4,079$2,908$2,042$1,416$745
30 years$5,374$3,852$2,709$1,874$1,280$655
31 years$5,144$3,642$2,526$1,721$1,157$576
32 years$4,929$3,446$2,356$1,582$1,047$506
33 years$4,728$3,263$2,200$1,455$947$446
34 years$4,539$3,093$2,056$1,339$858$392
35 years$4,361$2,934$1,922$1,232$777$345
36 years$4,193$2,784$1,798$1,135$704$304
37 years$4,035$2,645$1,683$1,046$638$268
38 years$3,885$2,513$1,576$964$578$236
39 years$3,743$2,390$1,476$889$524$208
40 years$3,609$2,274$1,384$820$476$183
41 years$3,482$2,164$1,298$756$432$161
42 years$3,361$2,061$1,217$698$392$142
43 years$3,246$1,964$1,142$644$355$125
44 years$3,137$1,872$1,072$595$323$110
45 years$3,032$1,785$1,007$549$293$97
46 years$2,933$1,703$946$507$266$86
47 years$2,838$1,625$888$469$241$76
48 years$2,747$1,551$835$433$219$67
49 years$2,661$1,482$785$400$199$59
50 years$2,578$1,415$738$370$181$52

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 $5,558 every year, while hoping to spend $49,501 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: 45/43/12 Blend
65$2,640,000$2,640,000$2,640,000$2,640,000
66$2,915,013$2,775,093$2,734,173$3,036,001
67$3,159,676$2,858,404$2,773,099$3,203,882
68$3,427,635$2,944,138$2,811,670$3,380,337
69$3,721,215$3,032,362$2,849,822$3,570,571
70$4,042,974$3,123,143$2,887,487$3,775,877
71$4,395,732$3,216,552$2,924,593$3,997,675
72$4,782,594$3,312,660$2,961,063$4,237,527
73$5,206,978$3,411,539$2,996,818$4,497,152
74$5,672,650$3,513,266$3,031,772$4,778,442
75$6,183,760$3,617,915$3,065,836$5,083,477
76$6,744,877$3,725,567$3,098,915$5,414,546
77$7,361,035$3,836,299$3,130,909$5,774,171
78$8,037,778$3,950,196$3,161,712$6,165,124
79$8,781,216$4,067,340$3,191,214$6,590,459
80$9,598,077$4,187,816$3,219,297$7,053,537
81$10,495,775$4,311,714$3,245,837$7,558,060
82$11,482,477$4,439,121$3,270,706$8,108,101
83$12,567,181$4,570,129$3,293,766$8,708,147
84$13,759,799$4,704,831$3,314,873$9,363,138
85$15,071,254$4,843,323$3,333,877$10,078,514
86$16,513,578$4,985,702$3,350,617$10,860,268
87$18,100,028$5,132,067$3,364,928$11,714,996
88$19,845,211$5,282,518$3,376,634$12,649,967
89$21,765,221$5,437,160$3,385,549$13,673,186
90$23,877,789$5,596,096$3,391,480$14,793,469
91$26,202,454$5,759,435$3,394,225$16,020,528
92$28,760,742$5,927,285$3,393,569$17,365,061
93$31,576,373$6,099,757$3,389,289$18,838,855
94$34,675,482$6,276,964$3,381,149$20,454,890
95$38,086,867$6,459,022$3,368,904$22,227,470
96$41,842,260$6,646,047$3,352,295$24,172,352
97$45,976,625$6,838,158$3,331,052$26,306,894
98$50,528,489$7,035,475$3,304,890$28,650,221
99$55,540,304$7,238,122$3,273,512$31,223,404
100$61,058,847$7,446,223$3,236,607$34,049,659