Can I retire at age 66 with 2,690,000?

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 $2,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$222,138$220,159$218,229$216,344$214,504$212,176
2 years$109,969$107,921$105,936$104,012$102,145$99,801
3 years$72,585$70,528$68,548$66,641$64,805$62,517
4 years$53,896$51,845$49,885$48,011$46,219$44,006
5 years$42,686$40,647$38,713$36,877$35,135$33,003
6 years$35,215$33,192$31,286$29,491$27,801$25,752
7 years$29,880$27,874$25,999$24,246$22,610$20,645
8 years$25,881$23,893$22,049$20,340$18,757$16,877
9 years$22,773$20,803$18,991$17,325$15,796$13,999
10 years$20,287$18,337$16,557$14,934$13,459$11,745
11 years$18,255$16,325$14,576$12,997$11,575$9,942
12 years$16,562$14,652$12,936$11,400$10,031$8,476
13 years$15,132$13,241$11,557$10,065$8,747$7,270
14 years$13,906$12,036$10,384$8,934$7,668$6,266
15 years$12,845$10,995$9,376$7,968$6,751$5,422
16 years$11,918$10,088$8,500$7,134$5,967$4,709
17 years$11,100$9,290$7,735$6,410$5,291$4,101
18 years$10,374$8,585$7,061$5,777$4,704$3,581
19 years$9,726$7,956$6,464$5,220$4,193$3,133
20 years$9,142$7,393$5,932$4,728$3,745$2,746
21 years$8,616$6,887$5,457$4,291$3,352$2,411
22 years$8,137$6,428$5,029$3,901$3,004$2,120
23 years$7,701$6,012$4,644$3,553$2,697$1,866
24 years$7,302$5,633$4,295$3,240$2,424$1,645
25 years$6,935$5,286$3,978$2,959$2,181$1,451
26 years$6,597$4,968$3,689$2,706$1,965$1,281
27 years$6,285$4,676$3,426$2,477$1,771$1,131
28 years$5,995$4,406$3,185$2,269$1,598$1,000
29 years$5,726$4,157$2,963$2,081$1,443$884
30 years$5,476$3,925$2,760$1,910$1,304$782
31 years$5,242$3,711$2,573$1,754$1,179$693
32 years$5,023$3,511$2,401$1,612$1,066$613
33 years$4,817$3,325$2,242$1,482$965$543
34 years$4,625$3,152$2,095$1,364$874$481
35 years$4,443$2,989$1,958$1,256$791$427
36 years$4,272$2,837$1,832$1,156$717$378
37 years$4,111$2,695$1,715$1,065$650$335
38 years$3,959$2,561$1,606$982$589$297
39 years$3,814$2,435$1,504$905$534$264
40 years$3,678$2,317$1,410$835$485$234
41 years$3,548$2,205$1,322$771$440$208
42 years$3,425$2,100$1,240$711$399$184
43 years$3,308$2,001$1,164$656$362$164
44 years$3,196$1,908$1,092$606$329$145
45 years$3,090$1,819$1,026$560$298$129
46 years$2,989$1,735$963$517$271$114
47 years$2,892$1,656$905$478$246$101
48 years$2,799$1,581$851$441$223$90
49 years$2,711$1,510$799$408$203$80
50 years$2,626$1,442$752$377$184$71

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,690,000, adding $6,748 every year, while hoping to spend $54,248 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: 46/44/10 Blend
65$2,690,000$2,690,000$2,690,000$2,690,000
66$2,971,341$2,828,771$2,787,076$3,099,424
67$3,216,698$2,909,661$2,822,723$3,269,466
68$3,485,263$2,992,697$2,857,747$3,447,684
69$3,779,347$3,077,926$2,892,068$3,639,781
70$4,101,493$3,165,397$2,925,605$3,847,061
71$4,454,502$3,255,158$2,958,270$4,070,958
72$4,841,460$3,347,259$2,989,970$4,313,049
73$5,265,765$3,441,751$3,020,610$4,575,070
74$5,731,158$3,538,682$3,050,086$4,858,930
75$6,241,763$3,638,104$3,078,290$5,166,733
76$6,802,119$3,740,067$3,105,109$5,500,790
77$7,417,228$3,844,623$3,130,423$5,863,648
78$8,092,599$3,951,823$3,154,106$6,258,112
79$8,834,300$4,061,719$3,176,025$6,687,268
80$9,649,017$4,174,361$3,196,040$7,154,513
81$10,544,114$4,289,802$3,214,004$7,663,591
82$11,527,704$4,408,093$3,229,764$8,218,621
83$12,608,725$4,529,285$3,243,156$8,824,142
84$13,797,024$4,653,429$3,254,011$9,485,150
85$15,103,449$4,780,575$3,262,149$10,207,151
86$16,539,952$4,910,775$3,267,382$10,996,207
87$18,119,700$5,044,076$3,269,513$11,858,996
88$19,857,203$5,180,529$3,268,334$12,802,872
89$21,768,443$5,320,180$3,263,629$13,835,940
90$23,871,032$5,463,077$3,255,169$14,967,124
91$26,184,375$5,609,266$3,242,715$16,206,258
92$28,729,852$5,758,790$3,226,016$17,564,175
93$31,531,020$5,911,694$3,204,811$19,052,809
94$34,613,834$6,068,017$3,178,822$20,685,309
95$38,006,895$6,227,800$3,147,763$22,476,160
96$41,741,716$6,391,079$3,111,330$24,441,325
97$45,853,019$6,557,890$3,069,207$26,598,387
98$50,379,064$6,728,264$3,021,063$28,966,724
99$55,362,011$6,902,232$2,966,552$31,567,683
100$60,848,314$7,079,819$2,905,308$34,424,789