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

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 $2,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$218,835$216,885$214,983$213,127$211,315$204,796
2 years$108,334$106,316$104,361$102,465$100,626$94,116
3 years$71,505$69,479$67,528$65,650$63,841$57,544
4 years$53,094$51,074$49,143$47,297$45,532$39,495
5 years$42,051$40,043$38,137$36,329$34,613$28,853
6 years$34,691$32,698$30,821$29,053$27,388$21,910
7 years$29,436$27,460$25,612$23,886$22,274$17,077
8 years$25,496$23,538$21,721$20,037$18,478$13,560
9 years$22,434$20,494$18,708$17,067$15,561$10,916
10 years$19,985$18,065$16,310$14,712$13,259$8,880
11 years$17,983$16,082$14,359$12,804$11,403$7,282
12 years$16,316$14,434$12,744$11,231$9,882$6,011
13 years$14,907$13,044$11,386$9,915$8,617$4,987
14 years$13,699$11,857$10,230$8,801$7,554$4,154
15 years$12,654$10,831$9,236$7,849$6,651$3,473
16 years$11,740$9,938$8,374$7,028$5,878$2,911
17 years$10,935$9,152$7,620$6,315$5,212$2,446
18 years$10,220$8,457$6,956$5,691$4,634$2,059
19 years$9,581$7,838$6,368$5,142$4,131$1,736
20 years$9,007$7,283$5,844$4,657$3,689$1,466
21 years$8,487$6,784$5,376$4,227$3,302$1,239
22 years$8,016$6,333$4,954$3,843$2,959$1,048
23 years$7,587$5,923$4,575$3,500$2,657$887
24 years$7,193$5,549$4,231$3,192$2,388$752
25 years$6,832$5,208$3,918$2,915$2,149$637
26 years$6,499$4,895$3,634$2,666$1,935$540
27 years$6,192$4,606$3,375$2,440$1,745$458
28 years$5,906$4,341$3,137$2,235$1,575$389
29 years$5,641$4,095$2,919$2,050$1,422$330
30 years$5,394$3,867$2,719$1,881$1,285$281
31 years$5,164$3,656$2,535$1,728$1,161$238
32 years$4,948$3,459$2,365$1,588$1,051$202
33 years$4,746$3,276$2,209$1,460$951$172
34 years$4,556$3,105$2,064$1,344$861$146
35 years$4,377$2,945$1,929$1,237$780$124
36 years$4,209$2,795$1,805$1,139$706$106
37 years$4,050$2,655$1,689$1,050$640$90
38 years$3,900$2,523$1,582$967$580$76
39 years$3,758$2,399$1,482$892$526$65
40 years$3,623$2,282$1,389$823$477$55
41 years$3,495$2,173$1,303$759$433$47
42 years$3,374$2,069$1,222$701$393$40
43 years$3,258$1,971$1,147$647$357$34
44 years$3,149$1,879$1,076$597$324$29
45 years$3,044$1,792$1,011$551$294$24
46 years$2,944$1,710$949$509$267$21
47 years$2,849$1,631$892$471$242$18
48 years$2,758$1,557$838$435$220$15
49 years$2,671$1,487$788$402$200$13
50 years$2,587$1,421$740$371$182$11

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 $6,014 every year, while hoping to spend $57,680 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: 27/44/29 Blend
65$2,650,000$2,650,000$2,650,000$2,650,000
66$2,926,503$2,786,053$2,744,978$2,979,029
67$3,163,636$2,861,199$2,775,564$3,097,411
68$3,423,022$2,938,093$2,805,241$3,219,089
69$3,706,872$3,016,762$2,833,919$3,348,568
70$4,017,618$3,097,228$2,861,500$3,486,554
71$4,357,938$3,179,515$2,887,883$3,633,826
72$4,730,782$3,263,646$2,912,961$3,791,239
73$5,139,399$3,349,642$2,936,623$3,959,735
74$5,587,366$3,437,522$2,958,748$4,140,354
75$6,078,624$3,527,308$2,979,213$4,334,239
76$6,617,513$3,619,015$2,997,885$4,542,650
77$7,208,813$3,712,660$3,014,628$4,766,977
78$7,857,789$3,808,257$3,029,295$5,008,748
79$8,570,241$3,905,820$3,041,735$5,269,650
80$9,352,559$4,005,359$3,051,786$5,551,542
81$10,211,780$4,106,881$3,059,281$5,856,470
82$11,155,658$4,210,394$3,064,043$6,186,691
83$12,192,732$4,315,901$3,065,886$6,544,693
84$13,332,413$4,423,402$3,064,615$6,933,218
85$14,585,066$4,532,896$3,060,026$7,355,288
86$15,962,111$4,644,376$3,051,906$7,814,234
87$17,476,130$4,757,834$3,040,028$8,313,728
88$19,140,985$4,873,257$3,024,158$8,857,818
89$20,971,946$4,990,627$3,004,048$9,450,966
90$22,985,841$5,109,924$2,979,440$10,098,093
91$25,201,207$5,231,122$2,950,062$10,804,620
92$27,638,472$5,354,188$2,915,631$11,576,526
93$30,320,140$5,479,088$2,875,849$12,420,402
94$33,271,009$5,605,777$2,830,404$13,343,512
95$36,518,400$5,734,208$2,778,970$14,353,866
96$40,092,417$5,864,325$2,721,207$15,460,295
97$44,026,233$5,996,066$2,656,756$16,672,531
98$48,356,396$6,129,360$2,585,244$18,001,306
99$53,123,179$6,264,130$2,506,281$19,458,450
100$58,370,959$6,400,288$2,419,457$21,057,004