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%17.1%
1 years$222,138$220,159$218,229$216,344$214,504$208,306
2 years$109,969$107,921$105,936$104,012$102,145$95,949
3 years$72,585$70,528$68,548$66,641$64,805$58,806
4 years$53,896$51,845$49,885$48,011$46,219$40,464
5 years$42,686$40,647$38,713$36,877$35,135$29,638
6 years$35,215$33,192$31,286$29,491$27,801$22,568
7 years$29,880$27,874$25,999$24,246$22,610$17,640
8 years$25,881$23,893$22,049$20,340$18,757$14,048
9 years$22,773$20,803$18,991$17,325$15,796$11,344
10 years$20,287$18,337$16,557$14,934$13,459$9,257
11 years$18,255$16,325$14,576$12,997$11,575$7,616
12 years$16,562$14,652$12,936$11,400$10,031$6,307
13 years$15,132$13,241$11,557$10,065$8,747$5,250
14 years$13,906$12,036$10,384$8,934$7,668$4,389
15 years$12,845$10,995$9,376$7,968$6,751$3,682
16 years$11,918$10,088$8,500$7,134$5,967$3,097
17 years$11,100$9,290$7,735$6,410$5,291$2,612
18 years$10,374$8,585$7,061$5,777$4,704$2,207
19 years$9,726$7,956$6,464$5,220$4,193$1,868
20 years$9,142$7,393$5,932$4,728$3,745$1,583
21 years$8,616$6,887$5,457$4,291$3,352$1,343
22 years$8,137$6,428$5,029$3,901$3,004$1,141
23 years$7,701$6,012$4,644$3,553$2,697$970
24 years$7,302$5,633$4,295$3,240$2,424$825
25 years$6,935$5,286$3,978$2,959$2,181$702
26 years$6,597$4,968$3,689$2,706$1,965$598
27 years$6,285$4,676$3,426$2,477$1,771$509
28 years$5,995$4,406$3,185$2,269$1,598$434
29 years$5,726$4,157$2,963$2,081$1,443$370
30 years$5,476$3,925$2,760$1,910$1,304$315
31 years$5,242$3,711$2,573$1,754$1,179$269
32 years$5,023$3,511$2,401$1,612$1,066$229
33 years$4,817$3,325$2,242$1,482$965$196
34 years$4,625$3,152$2,095$1,364$874$167
35 years$4,443$2,989$1,958$1,256$791$143
36 years$4,272$2,837$1,832$1,156$717$122
37 years$4,111$2,695$1,715$1,065$650$104
38 years$3,959$2,561$1,606$982$589$89
39 years$3,814$2,435$1,504$905$534$76
40 years$3,678$2,317$1,410$835$485$65
41 years$3,548$2,205$1,322$771$440$55
42 years$3,425$2,100$1,240$711$399$47
43 years$3,308$2,001$1,164$656$362$40
44 years$3,196$1,908$1,092$606$329$34
45 years$3,090$1,819$1,026$560$298$29
46 years$2,989$1,735$963$517$271$25
47 years$2,892$1,656$905$478$246$21
48 years$2,799$1,581$851$441$223$18
49 years$2,711$1,510$799$408$203$16
50 years$2,626$1,442$752$377$184$13

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 $4,263 every year, while hoping to spend $48,304 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: 64/9/27 Blend
65$2,690,000$2,690,000$2,690,000$2,690,000
66$2,968,777$2,826,207$2,784,512$3,137,299
67$3,220,197$2,913,296$2,826,398$3,338,924
68$3,495,644$3,003,034$2,868,069$3,553,418
69$3,797,515$3,095,499$2,909,465$3,786,735
70$4,128,455$3,190,771$2,950,526$4,040,728
71$4,491,374$3,288,936$2,991,185$4,317,441
72$4,889,479$3,390,078$3,031,373$4,619,124
73$5,326,299$3,494,285$3,071,018$4,948,254
74$5,805,725$3,601,648$3,110,040$5,307,562
75$6,332,040$3,712,261$3,148,359$5,700,056
76$6,909,965$3,826,219$3,185,886$6,129,049
77$7,544,699$3,943,620$3,222,530$6,598,191
78$8,241,967$4,064,567$3,258,193$7,111,505
79$9,008,080$4,189,163$3,292,775$7,673,421
80$9,849,987$4,317,515$3,326,166$8,288,822
81$10,775,346$4,449,733$3,358,253$8,963,086
82$11,792,592$4,585,931$3,388,915$9,702,141
83$12,911,020$4,726,225$3,418,027$10,512,517
84$14,140,868$4,870,734$3,445,455$11,401,410
85$15,493,418$5,019,581$3,471,059$12,376,750
86$16,981,098$5,172,892$3,494,691$13,447,272
87$18,617,604$5,330,797$3,516,197$14,622,606
88$20,418,022$5,493,429$3,535,412$15,913,358
89$22,398,978$5,660,925$3,552,167$17,331,220
90$24,578,789$5,833,425$3,566,279$18,889,072
91$26,977,636$6,011,074$3,577,560$20,601,111
92$29,617,758$6,194,020$3,585,812$22,482,979
93$32,523,657$6,382,415$3,590,824$24,551,914
94$35,722,332$6,576,415$3,592,378$26,826,910
95$39,243,531$6,776,180$3,590,244$29,328,900
96$43,120,035$6,981,877$3,584,181$32,080,952
97$47,387,962$7,193,672$3,573,935$35,108,486
98$52,087,113$7,411,741$3,559,240$38,439,514
99$57,261,343$7,636,261$3,539,820$42,104,906
100$62,958,977$7,867,415$3,515,380$46,138,680