Can I retire at age 66 with 2,670,000?

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 $2,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$220,486$218,522$216,606$214,736$212,910$209,728
2 years$109,152$107,119$105,149$103,238$101,385$98,187
3 years$72,045$70,003$68,038$66,146$64,323$61,208
4 years$53,495$51,460$49,514$47,654$45,876$42,867
5 years$42,368$40,345$38,425$36,603$34,874$31,981
6 years$34,953$32,945$31,053$29,272$27,595$24,821
7 years$29,658$27,667$25,805$24,066$22,442$19,788
8 years$25,689$23,716$21,885$20,188$18,618$16,083
9 years$22,603$20,649$18,850$17,196$15,679$13,262
10 years$20,136$18,201$16,433$14,823$13,359$11,059
11 years$18,119$16,203$14,468$12,901$11,489$9,303
12 years$16,439$14,543$12,840$11,316$9,956$7,882
13 years$15,019$13,143$11,471$9,990$8,682$6,716
14 years$13,803$11,946$10,307$8,868$7,611$5,750
15 years$12,750$10,913$9,306$7,909$6,701$4,942
16 years$11,829$10,013$8,437$7,081$5,922$4,262
17 years$11,018$9,221$7,678$6,362$5,251$3,686
18 years$10,297$8,521$7,009$5,734$4,669$3,195
19 years$9,653$7,897$6,416$5,181$4,162$2,775
20 years$9,074$7,338$5,888$4,692$3,717$2,415
21 years$8,552$6,835$5,416$4,259$3,327$2,105
22 years$8,077$6,381$4,992$3,872$2,982$1,836
23 years$7,644$5,968$4,609$3,526$2,677$1,604
24 years$7,248$5,591$4,263$3,216$2,406$1,403
25 years$6,884$5,247$3,948$2,937$2,165$1,228
26 years$6,548$4,931$3,662$2,686$1,950$1,075
27 years$6,238$4,641$3,400$2,458$1,758$942
28 years$5,951$4,373$3,161$2,252$1,586$826
29 years$5,684$4,126$2,941$2,065$1,432$725
30 years$5,435$3,896$2,740$1,896$1,294$636
31 years$5,203$3,683$2,554$1,741$1,170$558
32 years$4,985$3,485$2,383$1,600$1,059$490
33 years$4,782$3,300$2,225$1,471$958$431
34 years$4,590$3,128$2,079$1,354$867$378
35 years$4,410$2,967$1,944$1,246$786$333
36 years$4,241$2,816$1,818$1,148$712$292
37 years$4,080$2,675$1,702$1,057$645$257
38 years$3,929$2,542$1,594$975$585$226
39 years$3,786$2,417$1,493$899$530$199
40 years$3,650$2,300$1,400$829$481$175
41 years$3,522$2,189$1,312$765$436$154
42 years$3,399$2,085$1,231$706$396$135
43 years$3,283$1,986$1,155$652$359$119
44 years$3,172$1,893$1,084$602$326$105
45 years$3,067$1,806$1,018$556$296$92
46 years$2,966$1,722$956$513$269$81
47 years$2,870$1,644$898$474$244$71
48 years$2,779$1,569$844$438$222$63
49 years$2,691$1,498$794$405$201$55
50 years$2,607$1,431$746$374$183$49

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,670,000, adding $4,973 every year, while hoping to spend $42,658 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: 36/44/20 Blend
65$2,670,000$2,670,000$2,670,000$2,670,000
66$2,947,470$2,805,960$2,764,575$3,035,543
67$3,202,724$2,898,064$2,811,800$3,192,363
68$3,482,584$2,993,252$2,859,178$3,357,210
69$3,789,515$3,091,629$2,906,668$3,534,295
70$4,126,233$3,193,305$2,954,228$3,724,737
71$4,495,726$3,298,394$3,001,812$3,929,765
72$4,901,289$3,407,015$3,049,372$4,150,730
73$5,346,549$3,519,288$3,096,855$4,389,118
74$5,835,505$3,635,340$3,144,207$4,646,561
75$6,372,557$3,755,302$3,191,369$4,924,854
76$6,962,556$3,879,311$3,238,278$5,225,971
77$7,610,845$4,007,505$3,284,869$5,552,083
78$8,323,311$4,140,032$3,331,071$5,905,578
79$9,106,436$4,277,041$3,376,809$6,289,082
80$9,967,366$4,418,690$3,422,006$6,705,487
81$10,913,971$4,565,140$3,466,577$7,157,971
82$11,954,923$4,716,558$3,510,434$7,650,035
83$13,099,775$4,873,120$3,553,484$8,185,530
84$14,359,054$5,035,005$3,595,628$8,768,694
85$15,744,358$5,202,399$3,636,761$9,404,194
86$17,268,463$5,375,498$3,676,773$10,097,165
87$18,945,450$5,554,501$3,715,549$10,853,262
88$20,790,831$5,739,617$3,752,965$11,678,711
89$22,821,699$5,931,061$3,788,892$12,580,364
90$25,056,886$6,129,057$3,823,194$13,565,769
91$27,517,145$6,333,838$3,855,728$14,643,235
92$30,225,341$6,545,643$3,886,342$15,821,915
93$33,206,669$6,764,722$3,914,877$17,111,885
94$36,488,889$6,991,333$3,941,166$18,524,245
95$40,102,593$7,225,746$3,965,032$20,071,217
96$44,081,488$7,468,238$3,986,291$21,766,264
97$48,462,715$7,719,097$4,004,747$23,624,214
98$53,287,203$7,978,624$4,020,197$25,661,401
99$58,600,049$8,247,127$4,032,425$27,895,814
100$64,450,948$8,524,931$4,041,205$30,347,271