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%14.2%
1 years$222,138$220,159$218,229$216,344$214,504$210,777
2 years$109,969$107,921$105,936$104,012$102,145$98,402
3 years$72,585$70,528$68,548$66,641$64,805$61,163
4 years$53,896$51,845$49,885$48,011$46,219$42,706
5 years$42,686$40,647$38,713$36,877$35,135$31,761
6 years$35,215$33,192$31,286$29,491$27,801$24,570
7 years$29,880$27,874$25,999$24,246$22,610$19,522
8 years$25,881$23,893$22,049$20,340$18,757$15,812
9 years$22,773$20,803$18,991$17,325$15,796$12,993
10 years$20,287$18,337$16,557$14,934$13,459$10,794
11 years$18,255$16,325$14,576$12,997$11,575$9,046
12 years$16,562$14,652$12,936$11,400$10,031$7,635
13 years$15,132$13,241$11,557$10,065$8,747$6,480
14 years$13,906$12,036$10,384$8,934$7,668$5,525
15 years$12,845$10,995$9,376$7,968$6,751$4,730
16 years$11,918$10,088$8,500$7,134$5,967$4,062
17 years$11,100$9,290$7,735$6,410$5,291$3,498
18 years$10,374$8,585$7,061$5,777$4,704$3,019
19 years$9,726$7,956$6,464$5,220$4,193$2,611
20 years$9,142$7,393$5,932$4,728$3,745$2,262
21 years$8,616$6,887$5,457$4,291$3,352$1,962
22 years$8,137$6,428$5,029$3,901$3,004$1,704
23 years$7,701$6,012$4,644$3,553$2,697$1,482
24 years$7,302$5,633$4,295$3,240$2,424$1,290
25 years$6,935$5,286$3,978$2,959$2,181$1,123
26 years$6,597$4,968$3,689$2,706$1,965$979
27 years$6,285$4,676$3,426$2,477$1,771$854
28 years$5,995$4,406$3,185$2,269$1,598$745
29 years$5,726$4,157$2,963$2,081$1,443$650
30 years$5,476$3,925$2,760$1,910$1,304$568
31 years$5,242$3,711$2,573$1,754$1,179$496
32 years$5,023$3,511$2,401$1,612$1,066$434
33 years$4,817$3,325$2,242$1,482$965$379
34 years$4,625$3,152$2,095$1,364$874$331
35 years$4,443$2,989$1,958$1,256$791$290
36 years$4,272$2,837$1,832$1,156$717$253
37 years$4,111$2,695$1,715$1,065$650$222
38 years$3,959$2,561$1,606$982$589$194
39 years$3,814$2,435$1,504$905$534$170
40 years$3,678$2,317$1,410$835$485$148
41 years$3,548$2,205$1,322$771$440$130
42 years$3,425$2,100$1,240$711$399$114
43 years$3,308$2,001$1,164$656$362$100
44 years$3,196$1,908$1,092$606$329$87
45 years$3,090$1,819$1,026$560$298$76
46 years$2,989$1,735$963$517$271$67
47 years$2,892$1,656$905$478$246$58
48 years$2,799$1,581$851$441$223$51
49 years$2,711$1,510$799$408$203$45
50 years$2,626$1,442$752$377$184$39

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 $4,395 every year, while hoping to spend $41,838 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: 77/18/5 Blend
65$2,690,000$2,690,000$2,690,000$2,690,000
66$2,968,913$2,826,343$2,784,648$3,196,405
67$3,227,227$2,920,319$2,833,419$3,440,226
68$3,510,487$3,017,497$2,882,421$3,701,590
69$3,821,193$3,117,990$2,931,618$3,986,882
70$4,162,098$3,221,916$2,980,971$4,298,461
71$4,536,238$3,329,395$3,030,439$4,638,920
72$4,946,952$3,440,553$3,079,976$5,011,118
73$5,397,921$3,555,521$3,129,536$5,418,198
74$5,893,200$3,674,432$3,179,067$5,863,625
75$6,437,255$3,797,428$3,228,514$6,351,212
76$7,035,007$3,924,654$3,277,821$6,885,159
77$7,691,876$4,056,261$3,326,927$7,470,091
78$8,413,834$4,192,403$3,375,765$8,111,102
79$9,207,458$4,333,245$3,424,267$8,813,800
80$10,079,999$4,478,953$3,472,359$9,584,364
81$11,039,439$4,629,703$3,519,963$10,429,599
82$12,094,578$4,785,674$3,566,998$11,357,000
83$13,255,108$4,947,055$3,613,376$12,374,824
84$14,531,709$5,114,041$3,659,004$13,492,164
85$15,936,148$5,286,833$3,703,785$14,719,038
86$17,481,389$5,465,642$3,747,616$16,066,483
87$19,181,716$5,650,684$3,790,387$17,546,654
88$21,052,870$5,842,187$3,831,983$19,172,944
89$23,112,192$6,040,383$3,872,284$20,960,106
90$25,378,790$6,245,516$3,911,160$22,924,395
91$27,873,720$6,457,840$3,948,477$25,083,716
92$30,620,181$6,677,616$3,984,093$27,457,800
93$33,643,736$6,905,115$4,017,856$30,068,379
94$36,972,553$7,140,622$4,049,611$32,939,403
95$40,637,670$7,384,429$4,079,189$36,097,254
96$44,673,287$7,636,841$4,106,417$39,571,001
97$49,117,091$7,898,174$4,131,110$43,392,674
98$54,010,606$8,168,757$4,153,075$47,597,561
99$59,399,593$8,448,931$4,172,108$52,224,544
100$65,334,474$8,739,051$4,187,995$57,316,466