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%12.9%
1 years$219,660$217,704$215,795$213,932$212,112$209,548
2 years$108,743$106,717$104,755$102,852$101,006$98,426
3 years$71,775$69,741$67,783$65,898$64,082$61,566
4 years$53,295$51,267$49,329$47,476$45,704$43,271
5 years$42,210$40,194$38,281$36,466$34,743$32,401
6 years$34,822$32,821$30,937$29,162$27,491$25,242
7 years$29,547$27,563$25,709$23,976$22,358$20,202
8 years$25,593$23,627$21,803$20,113$18,548$16,486
9 years$22,519$20,571$18,779$17,132$15,620$13,651
10 years$20,061$18,133$16,372$14,768$13,309$11,432
11 years$18,051$16,143$14,414$12,852$11,446$9,659
12 years$16,378$14,489$12,792$11,273$9,919$8,220
13 years$14,963$13,094$11,429$9,952$8,650$7,036
14 years$13,751$11,902$10,269$8,835$7,582$6,052
15 years$12,702$10,872$9,271$7,879$6,676$5,227
16 years$11,785$9,975$8,406$7,055$5,900$4,530
17 years$10,976$9,187$7,649$6,339$5,232$3,937
18 years$10,259$8,489$6,982$5,712$4,652$3,430
19 years$9,617$7,868$6,392$5,162$4,146$2,994
20 years$9,040$7,311$5,866$4,675$3,703$2,619
21 years$8,519$6,810$5,396$4,243$3,314$2,294
22 years$8,046$6,357$4,973$3,858$2,971$2,013
23 years$7,615$5,945$4,592$3,513$2,667$1,768
24 years$7,220$5,570$4,247$3,204$2,397$1,554
25 years$6,858$5,227$3,933$2,926$2,157$1,368
26 years$6,524$4,913$3,648$2,676$1,943$1,204
27 years$6,215$4,624$3,387$2,449$1,752$1,061
28 years$5,929$4,357$3,149$2,244$1,580$936
29 years$5,662$4,110$2,930$2,058$1,427$826
30 years$5,415$3,882$2,730$1,888$1,289$729
31 years$5,183$3,669$2,545$1,734$1,166$644
32 years$4,967$3,472$2,374$1,594$1,055$568
33 years$4,764$3,288$2,217$1,466$954$502
34 years$4,573$3,116$2,071$1,349$864$444
35 years$4,394$2,956$1,937$1,242$783$393
36 years$4,225$2,806$1,812$1,143$709$347
37 years$4,065$2,665$1,696$1,053$643$307
38 years$3,914$2,532$1,588$971$583$272
39 years$3,772$2,408$1,488$895$528$240
40 years$3,637$2,291$1,394$826$479$213
41 years$3,508$2,181$1,307$762$435$188
42 years$3,387$2,077$1,226$703$395$166
43 years$3,271$1,979$1,151$649$358$147
44 years$3,160$1,886$1,080$599$325$130
45 years$3,055$1,799$1,014$554$295$115
46 years$2,955$1,716$953$511$268$102
47 years$2,860$1,638$895$472$243$91
48 years$2,768$1,563$841$436$221$80
49 years$2,681$1,493$791$403$201$71
50 years$2,597$1,426$743$373$182$63

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 $3,153 every year, while hoping to spend $58,280 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: 43/27/30 Blend
65$2,660,000$2,660,000$2,660,000$2,660,000
66$2,934,572$2,793,592$2,752,362$3,034,957
67$3,171,889$2,868,469$2,782,557$3,182,363
68$3,431,459$2,945,061$2,811,810$3,336,257
69$3,715,490$3,023,391$2,840,028$3,501,918
70$4,026,415$3,103,482$2,867,113$3,680,474
71$4,366,909$3,185,353$2,892,962$3,873,167
72$4,739,923$3,269,024$2,917,465$4,081,367
73$5,148,703$3,354,514$2,940,508$4,306,583
74$5,596,826$3,441,841$2,961,970$4,550,476
75$6,088,231$3,531,020$2,981,725$4,814,879
76$6,627,256$3,622,065$2,999,638$5,101,810
77$7,218,679$3,714,989$3,015,568$5,413,493
78$7,867,763$3,809,802$3,029,369$5,752,380
79$8,580,307$3,906,514$3,040,885$6,121,173
80$9,362,696$4,005,132$3,049,952$6,522,849
81$10,221,965$4,105,658$3,056,400$6,960,690
82$11,165,865$4,208,094$3,060,049$7,438,313
83$12,202,932$4,312,440$3,060,710$7,959,705
84$13,342,572$4,418,690$3,058,184$8,529,260
85$14,595,145$4,526,837$3,052,264$9,151,822
86$15,972,068$4,636,869$3,042,733$9,832,729
87$17,485,915$4,748,772$3,029,361$10,577,865
88$19,150,543$4,862,527$3,011,909$11,393,717
89$20,981,216$4,978,108$2,990,126$12,287,434
90$22,994,754$5,095,489$2,963,748$13,266,896
91$25,209,686$5,214,635$2,932,501$14,340,789
92$27,646,429$5,335,508$2,896,095$15,518,687
93$30,327,479$5,458,062$2,854,229$16,811,145
94$33,277,622$5,582,246$2,806,585$18,229,793
95$36,524,165$5,708,003$2,752,832$19,787,456
96$40,097,202$5,835,266$2,692,623$21,498,264
97$44,029,887$5,963,965$2,625,596$23,377,798
98$48,358,753$6,094,016$2,551,371$25,443,228
99$53,124,054$6,225,332$2,469,551$27,713,481
100$58,370,146$6,357,812$2,379,720$30,209,419