Can I retire at age 66 with 2,500,000?

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 $2,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$206,448$204,609$202,815$201,063$199,354$191,671
2 years$102,202$100,298$98,454$96,665$94,930$87,282
3 years$67,458$65,546$63,706$61,934$60,228$52,854
4 years$50,089$48,183$46,362$44,620$42,955$35,912
5 years$39,671$37,776$35,979$34,273$32,654$25,960
6 years$32,727$30,847$29,076$27,408$25,838$19,498
7 years$27,770$25,905$24,162$22,534$21,013$15,025
8 years$24,053$22,206$20,492$18,903$17,432$11,790
9 years$21,164$19,334$17,649$16,101$14,680$9,375
10 years$18,854$17,042$15,387$13,879$12,509$7,531
11 years$16,965$15,172$13,547$12,079$10,758$6,097
12 years$15,393$13,617$12,022$10,595$9,322$4,965
13 years$14,063$12,306$10,741$9,354$8,129$4,064
14 years$12,924$11,186$9,651$8,303$7,126$3,338
15 years$11,938$10,218$8,713$7,405$6,274$2,751
16 years$11,076$9,375$7,900$6,630$5,545$2,273
17 years$10,316$8,634$7,189$5,957$4,917$1,882
18 years$9,642$7,978$6,562$5,369$4,372$1,561
19 years$9,039$7,394$6,008$4,851$3,897$1,296
20 years$8,497$6,871$5,513$4,394$3,481$1,078
21 years$8,007$6,400$5,071$3,988$3,115$897
22 years$7,562$5,974$4,674$3,626$2,792$747
23 years$7,157$5,588$4,316$3,302$2,506$622
24 years$6,786$5,235$3,991$3,012$2,253$519
25 years$6,445$4,913$3,697$2,750$2,027$433
26 years$6,131$4,617$3,428$2,515$1,826$361
27 years$5,841$4,346$3,184$2,302$1,646$302
28 years$5,572$4,095$2,960$2,109$1,485$252
29 years$5,322$3,863$2,754$1,934$1,341$210
30 years$5,089$3,648$2,565$1,775$1,212$176
31 years$4,871$3,449$2,392$1,630$1,096$147
32 years$4,668$3,263$2,231$1,498$991$123
33 years$4,477$3,090$2,084$1,378$897$103
34 years$4,298$2,929$1,947$1,268$812$86
35 years$4,129$2,778$1,820$1,167$736$72
36 years$3,971$2,637$1,703$1,075$666$60
37 years$3,821$2,504$1,594$990$604$50
38 years$3,679$2,380$1,492$913$548$42
39 years$3,545$2,263$1,398$841$497$35
40 years$3,418$2,153$1,310$776$450$29
41 years$3,297$2,050$1,229$716$409$24
42 years$3,183$1,952$1,153$661$371$20
43 years$3,074$1,860$1,082$610$337$17
44 years$2,970$1,773$1,015$563$305$14
45 years$2,872$1,691$953$520$277$12
46 years$2,777$1,613$895$481$252$10
47 years$2,688$1,539$841$444$229$8
48 years$2,602$1,469$791$410$208$7
49 years$2,519$1,403$743$379$189$6
50 years$2,441$1,340$699$350$171$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,500,000, adding $4,918 every year, while hoping to spend $41,938 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: 62/32/6 Blend
65$2,500,000$2,500,000$2,500,000$2,500,000
66$2,760,073$2,627,573$2,588,823$2,927,938
67$2,996,979$2,711,702$2,630,927$3,124,675
68$3,256,643$2,798,548$2,673,036$3,333,966
69$3,541,344$2,888,200$2,715,105$3,561,305
70$3,853,588$2,980,749$2,757,088$3,808,434
71$4,196,139$3,076,291$2,798,936$4,077,269
72$4,572,038$3,174,922$2,840,593$4,369,920
73$4,984,638$3,276,746$2,882,005$4,688,705
74$5,437,630$3,381,865$2,923,112$5,036,180
75$5,935,081$3,490,389$2,963,848$5,415,155
76$6,481,471$3,602,430$3,004,149$5,828,725
77$7,081,734$3,718,102$3,043,941$6,280,295
78$7,741,307$3,837,525$3,083,149$6,773,617
79$8,466,180$3,960,823$3,121,694$7,312,818
80$9,262,950$4,088,124$3,159,491$7,902,444
81$10,138,888$4,219,558$3,196,450$8,547,502
82$11,102,001$4,355,263$3,232,478$9,253,502
83$12,161,113$4,495,379$3,267,474$10,026,516
84$13,325,947$4,640,053$3,301,334$10,873,227
85$14,607,212$4,789,434$3,333,947$11,800,998
86$16,016,709$4,943,678$3,365,197$12,817,936
87$17,567,442$5,102,946$3,394,959$13,932,972
88$19,273,735$5,267,405$3,423,105$15,155,943
89$21,151,375$5,437,227$3,449,497$16,497,682
90$23,217,753$5,612,588$3,473,993$17,970,123
91$25,492,033$5,793,674$3,496,441$19,586,413
92$27,995,331$5,980,675$3,516,682$21,361,033
93$30,750,913$6,173,786$3,534,550$23,309,936
94$33,784,416$6,373,212$3,549,867$25,450,695
95$37,124,090$6,579,163$3,562,451$27,802,670
96$40,801,060$6,791,855$3,572,106$30,387,189
97$44,849,626$7,011,514$3,578,630$33,227,751
98$49,307,583$7,238,372$3,581,808$36,350,242
99$54,216,574$7,472,671$3,581,417$39,783,184
100$59,622,490$7,714,657$3,577,220$43,557,999