Can I retire at age 66 with 2,650,000?

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 $2,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$218,835$216,885$214,983$213,127$211,315$209,983
2 years$108,334$106,316$104,361$102,465$100,626$99,283
3 years$71,505$69,479$67,528$65,650$63,841$62,528
4 years$53,094$51,074$49,143$47,297$45,532$44,259
5 years$42,051$40,043$38,137$36,329$34,613$33,383
6 years$34,691$32,698$30,821$29,053$27,388$26,204
7 years$29,436$27,460$25,612$23,886$22,274$21,136
8 years$25,496$23,538$21,721$20,037$18,478$17,386
9 years$22,434$20,494$18,708$17,067$15,561$14,515
10 years$19,985$18,065$16,310$14,712$13,259$12,258
11 years$17,983$16,082$14,359$12,804$11,403$10,447
12 years$16,316$14,434$12,744$11,231$9,882$8,969
13 years$14,907$13,044$11,386$9,915$8,617$7,747
14 years$13,699$11,857$10,230$8,801$7,554$6,726
15 years$12,654$10,831$9,236$7,849$6,651$5,864
16 years$11,740$9,938$8,374$7,028$5,878$5,130
17 years$10,935$9,152$7,620$6,315$5,212$4,503
18 years$10,220$8,457$6,956$5,691$4,634$3,962
19 years$9,581$7,838$6,368$5,142$4,131$3,494
20 years$9,007$7,283$5,844$4,657$3,689$3,088
21 years$8,487$6,784$5,376$4,227$3,302$2,733
22 years$8,016$6,333$4,954$3,843$2,959$2,423
23 years$7,587$5,923$4,575$3,500$2,657$2,151
24 years$7,193$5,549$4,231$3,192$2,388$1,911
25 years$6,832$5,208$3,918$2,915$2,149$1,700
26 years$6,499$4,895$3,634$2,666$1,935$1,514
27 years$6,192$4,606$3,375$2,440$1,745$1,349
28 years$5,906$4,341$3,137$2,235$1,575$1,203
29 years$5,641$4,095$2,919$2,050$1,422$1,073
30 years$5,394$3,867$2,719$1,881$1,285$958
31 years$5,164$3,656$2,535$1,728$1,161$856
32 years$4,948$3,459$2,365$1,588$1,051$765
33 years$4,746$3,276$2,209$1,460$951$684
34 years$4,556$3,105$2,064$1,344$861$612
35 years$4,377$2,945$1,929$1,237$780$547
36 years$4,209$2,795$1,805$1,139$706$489
37 years$4,050$2,655$1,689$1,050$640$438
38 years$3,900$2,523$1,582$967$580$392
39 years$3,758$2,399$1,482$892$526$351
40 years$3,623$2,282$1,389$823$477$314
41 years$3,495$2,173$1,303$759$433$282
42 years$3,374$2,069$1,222$701$393$252
43 years$3,258$1,971$1,147$647$357$226
44 years$3,149$1,879$1,076$597$324$202
45 years$3,044$1,792$1,011$551$294$181
46 years$2,944$1,710$949$509$267$163
47 years$2,849$1,631$892$471$242$146
48 years$2,758$1,557$838$435$220$131
49 years$2,671$1,487$788$402$200$117
50 years$2,587$1,421$740$371$182$105

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,650,000, adding $6,754 every year, while hoping to spend $53,071 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: 37/48/15 Blend
65$2,650,000$2,650,000$2,650,000$2,650,000
66$2,927,267$2,786,817$2,745,742$3,021,979
67$3,169,381$2,866,904$2,781,257$3,170,734
68$3,434,412$2,949,136$2,816,183$3,325,736
69$3,724,641$3,033,563$2,850,445$3,492,018
70$4,042,582$3,120,235$2,883,962$3,670,617
71$4,391,000$3,209,201$2,916,649$3,862,674
72$4,772,943$3,300,513$2,948,418$4,069,443
73$5,191,767$3,394,222$2,979,174$4,292,304
74$5,651,168$3,490,380$3,008,818$4,532,776
75$6,155,219$3,589,040$3,037,244$4,792,528
76$6,708,403$3,690,255$3,064,344$5,073,400
77$7,315,661$3,794,078$3,090,000$5,377,413
78$7,982,433$3,900,563$3,114,090$5,706,795
79$8,714,715$4,009,764$3,136,485$6,063,998
80$9,519,108$4,121,735$3,157,050$6,451,720
81$10,402,887$4,236,530$3,175,641$6,872,933
82$11,374,066$4,354,204$3,192,110$7,330,908
83$12,441,473$4,474,813$3,206,298$7,829,248
84$13,614,834$4,598,409$3,218,040$8,371,922
85$14,904,865$4,725,048$3,227,161$8,963,298
86$16,323,369$4,854,784$3,233,479$9,608,189
87$17,883,355$4,987,671$3,236,803$10,311,896
88$19,599,152$5,123,761$3,236,931$11,080,259
89$21,486,549$5,263,109$3,233,651$11,919,708
90$23,562,941$5,405,765$3,226,742$12,837,329
91$25,847,495$5,551,782$3,215,972$13,840,926
92$28,361,329$5,701,209$3,201,097$14,939,098
93$31,127,712$5,854,096$3,181,862$16,141,319
94$34,172,283$6,010,490$3,157,998$17,458,024
95$37,523,290$6,170,439$3,129,225$18,900,713
96$41,211,861$6,333,986$3,095,249$20,482,054
97$45,272,294$6,501,174$3,055,764$22,216,006
98$49,742,381$6,672,045$3,010,445$24,117,950
99$54,663,765$6,846,636$2,958,956$26,204,831
100$60,082,331$7,024,983$2,900,943$28,495,324