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

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 $2,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$219,660$217,704$215,795$213,932$212,112$204,668
2 years$108,743$106,717$104,755$102,852$101,006$93,584
3 years$71,775$69,741$67,783$65,898$64,082$56,916
4 years$53,295$51,267$49,329$47,476$45,704$38,848
5 years$42,210$40,194$38,281$36,466$34,743$28,216
6 years$34,822$32,821$30,937$29,162$27,491$21,297
7 years$29,547$27,563$25,709$23,976$22,358$16,496
8 years$25,593$23,627$21,803$20,113$18,548$13,014
9 years$22,519$20,571$18,779$17,132$15,620$10,406
10 years$20,061$18,133$16,372$14,768$13,309$8,407
11 years$18,051$16,143$14,414$12,852$11,446$6,845
12 years$16,378$14,489$12,792$11,273$9,919$5,609
13 years$14,963$13,094$11,429$9,952$8,650$4,619
14 years$13,751$11,902$10,269$8,835$7,582$3,818
15 years$12,702$10,872$9,271$7,879$6,676$3,167
16 years$11,785$9,975$8,406$7,055$5,900$2,634
17 years$10,976$9,187$7,649$6,339$5,232$2,195
18 years$10,259$8,489$6,982$5,712$4,652$1,833
19 years$9,617$7,868$6,392$5,162$4,146$1,532
20 years$9,040$7,311$5,866$4,675$3,703$1,283
21 years$8,519$6,810$5,396$4,243$3,314$1,075
22 years$8,046$6,357$4,973$3,858$2,971$902
23 years$7,615$5,945$4,592$3,513$2,667$757
24 years$7,220$5,570$4,247$3,204$2,397$636
25 years$6,858$5,227$3,933$2,926$2,157$534
26 years$6,524$4,913$3,648$2,676$1,943$449
27 years$6,215$4,624$3,387$2,449$1,752$378
28 years$5,929$4,357$3,149$2,244$1,580$318
29 years$5,662$4,110$2,930$2,058$1,427$267
30 years$5,415$3,882$2,730$1,888$1,289$225
31 years$5,183$3,669$2,545$1,734$1,166$189
32 years$4,967$3,472$2,374$1,594$1,055$159
33 years$4,764$3,288$2,217$1,466$954$134
34 years$4,573$3,116$2,071$1,349$864$113
35 years$4,394$2,956$1,937$1,242$783$95
36 years$4,225$2,806$1,812$1,143$709$80
37 years$4,065$2,665$1,696$1,053$643$67
38 years$3,914$2,532$1,588$971$583$57
39 years$3,772$2,408$1,488$895$528$48
40 years$3,637$2,291$1,394$826$479$40
41 years$3,508$2,181$1,307$762$435$34
42 years$3,387$2,077$1,226$703$395$29
43 years$3,271$1,979$1,151$649$358$24
44 years$3,160$1,886$1,080$599$325$20
45 years$3,055$1,799$1,014$554$295$17
46 years$2,955$1,716$953$511$268$14
47 years$2,860$1,638$895$472$243$12
48 years$2,768$1,563$841$436$221$10
49 years$2,681$1,493$791$403$201$9
50 years$2,597$1,426$743$373$182$7

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 $5,321 every year, while hoping to spend $46,352 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: 40/35/25 Blend
65$2,660,000$2,660,000$2,660,000$2,660,000
66$2,936,809$2,795,829$2,754,599$3,032,389
67$3,187,045$2,883,506$2,797,559$3,189,619
68$3,461,252$2,973,926$2,840,406$3,354,861
69$3,761,825$3,067,174$2,883,086$3,532,723
70$4,091,404$3,163,339$2,925,542$3,724,388
71$4,452,896$3,262,510$2,967,715$3,931,154
72$4,849,500$3,364,783$3,009,543$4,154,450
73$5,284,744$3,470,252$3,050,958$4,395,850
74$5,762,512$3,579,018$3,091,889$4,657,083
75$6,287,082$3,691,184$3,132,261$4,940,054
76$6,863,167$3,806,854$3,171,994$5,246,859
77$7,495,959$3,926,139$3,211,005$5,579,804
78$8,191,177$4,049,150$3,249,204$5,941,430
79$8,955,123$4,176,004$3,286,498$6,334,533
80$9,794,736$4,306,820$3,322,787$6,762,189
81$10,717,666$4,441,720$3,357,966$7,227,789
82$11,732,336$4,580,833$3,391,927$7,735,064
83$12,848,029$4,724,288$3,424,551$8,288,125
84$14,074,971$4,872,221$3,455,716$8,891,496
85$15,424,428$5,024,771$3,485,293$9,550,162
86$16,908,816$5,182,080$3,513,146$10,269,613
87$18,541,810$5,344,298$3,539,132$11,055,894
88$20,338,482$5,511,575$3,563,099$11,915,667
89$22,315,434$5,684,069$3,584,890$12,856,267
90$24,490,961$5,861,941$3,604,337$13,885,774
91$26,885,222$6,045,360$3,621,266$15,013,090
92$29,520,428$6,234,495$3,635,491$16,248,022
93$32,421,051$6,429,525$3,646,819$17,601,372
94$35,614,058$6,630,631$3,655,048$19,085,043
95$39,129,163$6,838,003$3,659,963$20,712,146
96$42,999,106$7,051,834$3,661,340$22,497,126
97$47,259,965$7,272,324$3,658,945$24,455,900
98$51,951,493$7,499,679$3,652,530$26,606,003
99$57,117,492$7,734,111$3,641,838$28,966,754
100$62,806,233$7,975,839$3,626,596$31,559,441