Can I retire at age 66 with 2,530,000?

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 $2,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$208,925$207,064$205,248$203,476$201,746$200,558
2 years$103,428$101,502$99,635$97,825$96,069$94,872
3 years$68,267$66,333$64,471$62,677$60,950$59,779
4 years$50,690$48,762$46,918$45,156$43,470$42,335
5 years$40,147$38,230$36,410$34,684$33,045$31,949
6 years$33,120$31,217$29,425$27,737$26,148$25,091
7 years$28,103$26,216$24,452$22,804$21,265$20,249
8 years$24,342$22,472$20,737$19,130$17,641$16,667
9 years$21,418$19,566$17,861$16,294$14,857$13,923
10 years$19,080$17,247$15,572$14,046$12,659$11,765
11 years$17,169$15,354$13,709$12,224$10,887$10,032
12 years$15,577$13,781$12,167$10,722$9,434$8,619
13 years$14,232$12,454$10,870$9,466$8,227$7,449
14 years$13,079$11,320$9,767$8,403$7,212$6,471
15 years$12,081$10,341$8,818$7,494$6,350$5,646
16 years$11,209$9,488$7,995$6,710$5,612$4,943
17 years$10,440$8,738$7,275$6,029$4,976$4,341
18 years$9,757$8,074$6,641$5,433$4,424$3,823
19 years$9,147$7,483$6,080$4,909$3,943$3,374
20 years$8,599$6,954$5,580$4,446$3,522$2,983
21 years$8,103$6,477$5,132$4,035$3,152$2,643
22 years$7,653$6,046$4,730$3,669$2,825$2,345
23 years$7,243$5,655$4,367$3,342$2,536$2,083
24 years$6,868$5,298$4,039$3,048$2,280$1,852
25 years$6,523$4,972$3,741$2,783$2,051$1,649
26 years$6,205$4,673$3,470$2,545$1,848$1,470
27 years$5,911$4,398$3,222$2,329$1,666$1,311
28 years$5,639$4,144$2,995$2,134$1,503$1,170
29 years$5,386$3,909$2,787$1,957$1,357$1,044
30 years$5,150$3,692$2,596$1,796$1,226$933
31 years$4,930$3,490$2,420$1,650$1,109$834
32 years$4,724$3,302$2,258$1,516$1,003$746
33 years$4,531$3,127$2,109$1,394$908$667
34 years$4,350$2,964$1,970$1,283$822$597
35 years$4,179$2,811$1,842$1,181$744$535
36 years$4,018$2,668$1,723$1,088$674$479
37 years$3,867$2,534$1,613$1,002$611$429
38 years$3,723$2,409$1,510$924$554$384
39 years$3,587$2,290$1,415$852$503$344
40 years$3,459$2,179$1,326$785$456$309
41 years$3,337$2,074$1,244$725$414$277
42 years$3,221$1,975$1,167$669$375$248
43 years$3,111$1,882$1,095$617$341$222
44 years$3,006$1,794$1,027$570$309$200
45 years$2,906$1,711$965$526$281$179
46 years$2,811$1,632$906$486$255$160
47 years$2,720$1,558$851$449$231$144
48 years$2,633$1,487$800$415$210$129
49 years$2,550$1,420$752$384$191$116
50 years$2,470$1,356$707$355$173$104

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,530,000, adding $3,474 every year, while hoping to spend $50,505 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: 41/40/19 Blend
65$2,530,000$2,530,000$2,530,000$2,530,000
66$2,791,643$2,657,553$2,618,338$2,890,337
67$3,022,654$2,734,037$2,652,316$3,037,362
68$3,275,535$2,812,575$2,685,739$3,191,251
69$3,552,464$2,893,215$2,718,535$3,356,768
70$3,855,839$2,976,006$2,750,630$3,535,002
71$4,188,300$3,060,996$2,781,941$3,727,151
72$4,552,756$3,148,234$2,812,385$3,934,533
73$4,952,409$3,237,770$2,841,873$4,158,598
74$5,390,789$3,329,654$2,870,309$4,400,943
75$5,871,780$3,423,938$2,897,595$4,663,327
76$6,399,662$3,520,672$2,923,626$4,947,683
77$6,979,151$3,619,908$2,948,291$5,256,142
78$7,615,440$3,721,699$2,971,474$5,591,050
79$8,314,249$3,826,097$2,993,052$5,954,990
80$9,081,881$3,933,154$3,012,898$6,350,806
81$9,925,278$4,042,924$3,030,875$6,781,631
82$10,852,088$4,155,459$3,046,842$7,250,914
83$11,870,738$4,270,813$3,060,647$7,762,457
84$12,990,510$4,389,039$3,072,135$8,320,444
85$14,221,630$4,510,190$3,081,140$8,929,487
86$15,575,367$4,634,320$3,087,489$9,594,664
87$17,064,133$4,761,480$3,090,998$10,321,571
88$18,701,606$4,891,724$3,091,478$11,116,372
89$20,502,854$5,025,103$3,088,727$11,985,857
90$22,484,481$5,161,669$3,082,535$12,937,510
91$24,664,779$5,301,472$3,072,682$13,979,573
92$27,063,905$5,444,563$3,058,935$15,121,129
93$29,704,066$5,590,989$3,041,052$16,372,184
94$32,609,732$5,740,798$3,018,778$17,743,766
95$35,807,865$5,894,038$2,991,848$19,248,023
96$39,328,174$6,050,753$2,959,981$20,898,342
97$43,203,393$6,210,986$2,922,887$22,709,475
98$47,469,593$6,374,778$2,880,257$24,697,677
99$52,166,519$6,542,168$2,831,772$26,880,858
100$57,337,963$6,713,195$2,777,097$29,278,756