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%12%
1 years$218,835$216,885$214,983$213,127$211,315$209,544
2 years$108,334$106,316$104,361$102,465$100,626$98,842
3 years$71,505$69,479$67,528$65,650$63,841$62,098
4 years$53,094$51,074$49,143$47,297$45,532$43,844
5 years$42,051$40,043$38,137$36,329$34,613$32,984
6 years$34,691$32,698$30,821$29,053$27,388$25,821
7 years$29,436$27,460$25,612$23,886$22,274$20,770
8 years$25,496$23,538$21,721$20,037$18,478$17,037
9 years$22,434$20,494$18,708$17,067$15,561$14,182
10 years$19,985$18,065$16,310$14,712$13,259$11,941
11 years$17,983$16,082$14,359$12,804$11,403$10,145
12 years$16,316$14,434$12,744$11,231$9,882$8,683
13 years$14,907$13,044$11,386$9,915$8,617$7,476
14 years$13,699$11,857$10,230$8,801$7,554$6,469
15 years$12,654$10,831$9,236$7,849$6,651$5,621
16 years$11,740$9,938$8,374$7,028$5,878$4,901
17 years$10,935$9,152$7,620$6,315$5,212$4,287
18 years$10,220$8,457$6,956$5,691$4,634$3,759
19 years$9,581$7,838$6,368$5,142$4,131$3,303
20 years$9,007$7,283$5,844$4,657$3,689$2,908
21 years$8,487$6,784$5,376$4,227$3,302$2,565
22 years$8,016$6,333$4,954$3,843$2,959$2,265
23 years$7,587$5,923$4,575$3,500$2,657$2,003
24 years$7,193$5,549$4,231$3,192$2,388$1,773
25 years$6,832$5,208$3,918$2,915$2,149$1,572
26 years$6,499$4,895$3,634$2,666$1,935$1,394
27 years$6,192$4,606$3,375$2,440$1,745$1,237
28 years$5,906$4,341$3,137$2,235$1,575$1,099
29 years$5,641$4,095$2,919$2,050$1,422$977
30 years$5,394$3,867$2,719$1,881$1,285$868
31 years$5,164$3,656$2,535$1,728$1,161$772
32 years$4,948$3,459$2,365$1,588$1,051$687
33 years$4,746$3,276$2,209$1,460$951$612
34 years$4,556$3,105$2,064$1,344$861$545
35 years$4,377$2,945$1,929$1,237$780$485
36 years$4,209$2,795$1,805$1,139$706$433
37 years$4,050$2,655$1,689$1,050$640$385
38 years$3,900$2,523$1,582$967$580$344
39 years$3,758$2,399$1,482$892$526$306
40 years$3,623$2,282$1,389$823$477$273
41 years$3,495$2,173$1,303$759$433$244
42 years$3,374$2,069$1,222$701$393$217
43 years$3,258$1,971$1,147$647$357$194
44 years$3,149$1,879$1,076$597$324$173
45 years$3,044$1,792$1,011$551$294$154
46 years$2,944$1,710$949$509$267$138
47 years$2,849$1,631$892$471$242$123
48 years$2,758$1,557$838$435$220$110
49 years$2,671$1,487$788$402$200$98
50 years$2,587$1,421$740$371$182$87

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 $3,792 every year, while hoping to spend $30,544 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: 51/35/14 Blend
65$2,650,000$2,650,000$2,650,000$2,650,000
66$2,924,211$2,783,761$2,742,686$3,062,074
67$3,189,982$2,887,667$2,802,068$3,260,872
68$3,481,838$2,995,641$2,862,415$3,473,351
69$3,802,408$3,107,849$2,923,728$3,703,664
70$4,154,586$3,224,466$2,986,005$3,953,502
71$4,541,563$3,345,674$3,049,245$4,224,726
72$4,966,852$3,471,662$3,113,445$4,519,378
73$5,434,326$3,602,628$3,178,600$4,839,707
74$5,948,248$3,738,778$3,244,705$5,188,186
75$6,513,319$3,880,328$3,311,752$5,567,532
76$7,134,716$4,027,502$3,379,733$5,980,737
77$7,818,141$4,180,534$3,448,639$6,431,091
78$8,569,880$4,339,669$3,518,457$6,922,215
79$9,396,856$4,505,161$3,589,174$7,458,091
80$10,306,699$4,677,277$3,660,774$8,043,103
81$11,307,813$4,856,295$3,733,241$8,682,074
82$12,409,461$5,042,504$3,806,556$9,380,314
83$13,621,847$5,236,208$3,880,696$10,143,665
84$14,956,215$5,437,721$3,955,639$10,978,559
85$16,424,954$5,647,374$4,031,358$11,892,078
86$18,041,715$5,865,512$4,107,824$12,892,015
87$19,821,540$6,092,492$4,185,007$13,986,953
88$21,781,004$6,328,691$4,262,871$15,186,338
89$23,938,370$6,574,501$4,341,381$16,500,574
90$26,313,762$6,830,329$4,420,496$17,941,116
91$28,929,355$7,096,605$4,500,171$19,520,577
92$31,809,583$7,373,772$4,580,361$21,252,847
93$34,981,372$7,662,298$4,661,014$23,153,222
94$38,474,390$7,962,669$4,742,077$25,238,547
95$42,321,331$8,275,393$4,823,489$27,527,376
96$46,558,221$8,601,001$4,905,190$30,040,141
97$51,224,757$8,940,048$4,987,111$32,799,348
98$56,364,684$9,293,112$5,069,181$35,829,783
99$62,026,206$9,660,798$5,151,323$39,158,751
100$68,262,441$10,043,740$5,233,455$42,816,324