Can I retire at age 66 with 2,660,000?

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 $2,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$219,660$217,704$215,795$213,932$212,112$210,072
2 years$108,743$106,717$104,755$102,852$101,006$98,950
3 years$71,775$69,741$67,783$65,898$64,082$62,076
4 years$53,295$51,267$49,329$47,476$45,704$43,762
5 years$42,210$40,194$38,281$36,466$34,743$32,871
6 years$34,822$32,821$30,937$29,162$27,491$25,691
7 years$29,547$27,563$25,709$23,976$22,358$20,630
8 years$25,593$23,627$21,803$20,113$18,548$16,893
9 years$22,519$20,571$18,779$17,132$15,620$14,038
10 years$20,061$18,133$16,372$14,768$13,309$11,798
11 years$18,051$16,143$14,414$12,852$11,446$10,006
12 years$16,378$14,489$12,792$11,273$9,919$8,547
13 years$14,963$13,094$11,429$9,952$8,650$7,345
14 years$13,751$11,902$10,269$8,835$7,582$6,343
15 years$12,702$10,872$9,271$7,879$6,676$5,500
16 years$11,785$9,975$8,406$7,055$5,900$4,786
17 years$10,976$9,187$7,649$6,339$5,232$4,177
18 years$10,259$8,489$6,982$5,712$4,652$3,655
19 years$9,617$7,868$6,392$5,162$4,146$3,205
20 years$9,040$7,311$5,866$4,675$3,703$2,816
21 years$8,519$6,810$5,396$4,243$3,314$2,478
22 years$8,046$6,357$4,973$3,858$2,971$2,183
23 years$7,615$5,945$4,592$3,513$2,667$1,926
24 years$7,220$5,570$4,247$3,204$2,397$1,702
25 years$6,858$5,227$3,933$2,926$2,157$1,504
26 years$6,524$4,913$3,648$2,676$1,943$1,331
27 years$6,215$4,624$3,387$2,449$1,752$1,179
28 years$5,929$4,357$3,149$2,244$1,580$1,044
29 years$5,662$4,110$2,930$2,058$1,427$926
30 years$5,415$3,882$2,730$1,888$1,289$821
31 years$5,183$3,669$2,545$1,734$1,166$729
32 years$4,967$3,472$2,374$1,594$1,055$647
33 years$4,764$3,288$2,217$1,466$954$575
34 years$4,573$3,116$2,071$1,349$864$510
35 years$4,394$2,956$1,937$1,242$783$453
36 years$4,225$2,806$1,812$1,143$709$403
37 years$4,065$2,665$1,696$1,053$643$358
38 years$3,914$2,532$1,588$971$583$319
39 years$3,772$2,408$1,488$895$528$283
40 years$3,637$2,291$1,394$826$479$252
41 years$3,508$2,181$1,307$762$435$224
42 years$3,387$2,077$1,226$703$395$199
43 years$3,271$1,979$1,151$649$358$177
44 years$3,160$1,886$1,080$599$325$158
45 years$3,055$1,799$1,014$554$295$140
46 years$2,955$1,716$953$511$268$125
47 years$2,860$1,638$895$472$243$111
48 years$2,768$1,563$841$436$221$99
49 years$2,681$1,493$791$403$201$88
50 years$2,597$1,426$743$373$182$78

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,660,000, adding $4,744 every year, while hoping to spend $48,296 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: 50/24/26 Blend
65$2,660,000$2,660,000$2,660,000$2,660,000
66$2,936,213$2,795,233$2,754,003$3,061,260
67$3,184,321$2,880,813$2,794,876$3,234,518
68$3,456,116$2,968,968$2,835,499$3,417,503
69$3,753,965$3,059,772$2,875,813$3,615,430
70$4,080,472$3,153,304$2,915,756$3,829,740
71$4,438,507$3,249,642$2,955,260$4,062,013
72$4,831,228$3,348,869$2,994,255$4,313,993
73$5,262,117$3,451,067$3,032,666$4,587,599
74$5,735,007$3,556,323$3,070,415$4,884,943
75$6,254,121$3,664,726$3,107,416$5,208,352
76$6,824,109$3,776,365$3,143,583$5,560,389
77$7,450,097$3,891,336$3,178,821$5,943,875
78$8,137,728$4,009,732$3,213,033$6,361,918
79$8,893,220$4,131,654$3,246,114$6,817,941
80$9,723,425$4,257,201$3,277,955$7,315,715
81$10,635,887$4,386,477$3,308,440$7,859,394
82$11,638,923$4,519,589$3,337,447$8,453,551
83$12,741,690$4,656,646$3,364,849$9,103,229
84$13,954,281$4,797,760$3,390,509$9,813,979
85$15,287,813$4,943,046$3,414,287$10,591,918
86$16,754,537$5,092,622$3,436,033$11,443,786
87$18,367,949$5,246,610$3,455,590$12,377,007
88$20,142,919$5,405,133$3,472,791$13,399,763
89$22,095,832$5,568,320$3,487,464$14,521,066
90$24,244,739$5,736,299$3,499,427$15,750,848
91$26,609,531$5,909,207$3,508,486$17,100,050
92$29,212,125$6,087,180$3,514,442$18,580,730
93$32,076,669$6,270,358$3,517,083$20,206,171
94$35,229,770$6,458,887$3,516,186$21,991,012
95$38,700,748$6,652,914$3,511,520$23,951,383
96$42,521,909$6,852,592$3,502,841$26,105,056
97$46,728,849$7,058,074$3,489,891$28,471,617
98$51,360,793$7,269,521$3,472,404$31,072,646
99$56,460,961$7,487,095$3,450,097$33,931,924
100$62,076,980$7,710,963$3,422,675$37,075,655