Can I retire at age 66 with 2,520,000?

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 $2,520,000?

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$208,099$206,246$204,437$202,672$200,948$198,767
2 years$103,019$101,101$99,241$97,438$95,690$93,493
3 years$67,997$66,070$64,216$62,430$60,709$58,566
4 years$50,490$48,569$46,733$44,977$43,299$41,225
5 years$39,988$38,079$36,266$34,547$32,915$30,917
6 years$32,989$31,094$29,309$27,627$26,044$24,125
7 years$27,992$26,113$24,356$22,714$21,181$19,341
8 years$24,246$22,383$20,655$19,054$17,572$15,810
9 years$21,333$19,489$17,791$16,230$14,798$13,115
10 years$19,005$17,178$15,510$13,990$12,609$11,002
11 years$17,101$15,293$13,655$12,176$10,844$9,313
12 years$15,516$13,726$12,118$10,680$9,397$7,941
13 years$14,175$12,404$10,827$9,429$8,194$6,811
14 years$13,027$11,275$9,728$8,370$7,183$5,870
15 years$12,033$10,300$8,783$7,464$6,325$5,080
16 years$11,165$9,450$7,963$6,683$5,590$4,411
17 years$10,399$8,703$7,246$6,005$4,956$3,842
18 years$9,719$8,042$6,615$5,412$4,407$3,354
19 years$9,111$7,453$6,056$4,890$3,928$2,935
20 years$8,565$6,926$5,558$4,429$3,508$2,573
21 years$8,071$6,451$5,112$4,019$3,140$2,259
22 years$7,623$6,022$4,711$3,655$2,814$1,986
23 years$7,214$5,632$4,350$3,328$2,526$1,748
24 years$6,840$5,277$4,023$3,036$2,271$1,541
25 years$6,497$4,952$3,726$2,772$2,043$1,359
26 years$6,180$4,654$3,456$2,535$1,840$1,200
27 years$5,888$4,380$3,209$2,320$1,659$1,060
28 years$5,617$4,128$2,983$2,126$1,497$937
29 years$5,364$3,894$2,776$1,949$1,352$828
30 years$5,130$3,677$2,586$1,789$1,222$733
31 years$4,910$3,476$2,411$1,643$1,104$649
32 years$4,705$3,289$2,249$1,510$999$575
33 years$4,513$3,115$2,100$1,389$904$509
34 years$4,332$2,952$1,962$1,278$819$451
35 years$4,162$2,800$1,835$1,176$741$400
36 years$4,002$2,658$1,716$1,083$672$354
37 years$3,851$2,524$1,606$998$609$314
38 years$3,708$2,399$1,504$920$552$279
39 years$3,573$2,281$1,409$848$501$247
40 years$3,445$2,170$1,321$782$454$219
41 years$3,324$2,066$1,239$722$412$195
42 years$3,208$1,968$1,162$666$374$173
43 years$3,099$1,875$1,090$615$339$153
44 years$2,994$1,787$1,023$568$308$136
45 years$2,895$1,704$961$524$280$121
46 years$2,800$1,626$903$484$254$107
47 years$2,709$1,551$848$447$230$95
48 years$2,622$1,481$797$414$209$84
49 years$2,540$1,414$749$382$190$75
50 years$2,460$1,351$704$353$173$67

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,520,000, adding $2,046 every year, while hoping to spend $29,356 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: 63/23/14 Blend
65$2,520,000$2,520,000$2,520,000$2,520,000
66$2,779,150$2,645,590$2,606,530$2,944,724
67$3,031,389$2,743,990$2,662,615$3,154,374
68$3,308,372$2,846,227$2,719,594$3,379,662
69$3,612,593$2,952,459$2,777,467$3,624,956
70$3,946,797$3,062,849$2,836,232$3,892,202
71$4,314,011$3,177,569$2,895,886$4,183,539
72$4,717,566$3,296,796$2,956,424$4,501,326
73$5,161,135$3,420,716$3,017,841$4,848,155
74$5,648,763$3,549,523$3,080,131$5,226,881
75$6,184,906$3,683,419$3,143,285$5,640,645
76$6,774,476$3,822,616$3,207,294$6,092,906
77$7,422,880$3,967,332$3,272,146$6,587,471
78$8,136,080$4,117,797$3,337,830$7,128,531
79$8,920,643$4,274,252$3,404,329$7,720,702
80$9,783,804$4,436,945$3,471,629$8,369,065
81$10,733,534$4,606,138$3,539,712$9,079,215
82$11,778,618$4,782,103$3,608,556$9,857,313
83$12,928,734$4,965,123$3,678,139$10,710,144
84$14,194,546$5,155,494$3,748,438$11,645,178
85$15,587,804$5,353,528$3,819,424$12,670,646
86$17,121,454$5,559,545$3,891,070$13,795,608
87$18,809,763$5,773,884$3,963,341$15,030,046
88$20,668,451$5,996,895$4,036,205$16,384,954
89$22,714,837$6,228,947$4,109,622$17,872,439
90$24,968,008$6,470,424$4,183,552$19,505,840
91$27,448,995$6,721,724$4,257,951$21,299,847
92$30,180,971$6,983,267$4,332,771$23,270,643
93$33,189,472$7,255,490$4,407,961$25,436,055
94$36,502,637$7,538,847$4,483,466$27,815,720
95$40,151,471$7,833,816$4,559,228$30,431,271
96$44,170,142$8,140,894$4,635,183$33,306,540
97$48,596,299$8,460,601$4,711,264$36,467,782
98$53,471,429$8,793,478$4,787,399$39,943,919
99$58,841,249$9,140,092$4,863,511$43,766,817
100$64,756,137$9,501,037$4,939,518$47,971,582