Can I retire at age 66 with 2,570,000?

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 $2,570,000?

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 years$212,228$210,338$208,493$206,693$204,935$199,094
2 years$105,063$103,107$101,210$99,372$97,588$91,748
3 years$69,347$67,381$65,490$63,668$61,914$56,259
4 years$51,492$49,532$47,660$45,870$44,158$38,730
5 years$40,781$38,834$36,986$35,232$33,568$28,384
6 years$33,644$31,711$29,890$28,175$26,561$21,625
7 years$28,547$26,631$24,839$23,165$21,601$16,912
8 years$24,727$22,828$21,065$19,432$17,920$13,477
9 years$21,757$19,875$18,144$16,552$15,092$10,889
10 years$19,382$17,519$15,818$14,268$12,859$8,891
11 years$17,440$15,596$13,926$12,417$11,059$7,320
12 years$15,824$13,998$12,359$10,892$9,583$6,066
13 years$14,457$12,650$11,042$9,616$8,357$5,053
14 years$13,286$11,499$9,921$8,536$7,326$4,227
15 years$12,272$10,505$8,957$7,612$6,450$3,548
16 years$11,386$9,638$8,121$6,816$5,701$2,987
17 years$10,605$8,876$7,390$6,124$5,055$2,521
18 years$9,912$8,202$6,746$5,519$4,494$2,131
19 years$9,292$7,601$6,176$4,987$4,006$1,805
20 years$8,735$7,064$5,668$4,517$3,578$1,531
21 years$8,231$6,579$5,213$4,099$3,202$1,300
22 years$7,774$6,142$4,805$3,727$2,870$1,105
23 years$7,358$5,744$4,436$3,394$2,576$940
24 years$6,976$5,382$4,103$3,096$2,316$800
25 years$6,626$5,051$3,800$2,827$2,084$682
26 years$6,303$4,747$3,524$2,585$1,877$581
27 years$6,005$4,467$3,273$2,366$1,692$495
28 years$5,728$4,209$3,042$2,168$1,527$422
29 years$5,471$3,971$2,831$1,988$1,379$360
30 years$5,231$3,750$2,637$1,825$1,246$308
31 years$5,008$3,545$2,459$1,676$1,126$262
32 years$4,799$3,355$2,294$1,540$1,019$224
33 years$4,602$3,177$2,142$1,416$922$191
34 years$4,418$3,011$2,001$1,303$835$163
35 years$4,245$2,856$1,871$1,199$756$140
36 years$4,082$2,711$1,750$1,105$685$119
37 years$3,928$2,574$1,638$1,018$621$102
38 years$3,782$2,447$1,534$938$563$87
39 years$3,644$2,327$1,437$865$510$74
40 years$3,514$2,213$1,347$798$463$64
41 years$3,390$2,107$1,263$736$420$54
42 years$3,272$2,007$1,185$679$381$46
43 years$3,160$1,912$1,112$627$346$40
44 years$3,054$1,822$1,044$579$314$34
45 years$2,952$1,738$980$535$285$29
46 years$2,855$1,658$920$494$259$25
47 years$2,763$1,582$865$456$235$21
48 years$2,674$1,510$813$422$213$18
49 years$2,590$1,442$764$390$194$15
50 years$2,509$1,378$718$360$176$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,570,000, adding $6,513 every year, while hoping to spend $54,632 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: 43/34/23 Blend
65$2,570,000$2,570,000$2,570,000$2,570,000
66$2,838,858$2,702,648$2,662,813$2,941,653
67$3,070,294$2,776,950$2,693,889$3,089,633
68$3,323,505$2,853,061$2,724,176$3,244,090
69$3,600,654$2,931,014$2,753,588$3,410,342
70$3,904,125$3,010,837$2,782,037$3,589,510
71$4,236,540$3,092,563$2,809,430$3,782,825
72$4,600,789$3,176,220$2,835,667$3,991,644
73$5,000,053$3,261,838$2,860,645$4,217,459
74$5,437,836$3,349,446$2,884,255$4,461,916
75$5,917,998$3,439,072$2,906,380$4,726,826
76$6,444,790$3,530,743$2,926,900$5,014,184
77$7,022,895$3,624,485$2,945,687$5,326,190
78$7,657,469$3,720,323$2,962,606$5,665,263
79$8,354,194$3,818,282$2,977,517$6,034,071
80$9,119,328$3,918,385$2,990,271$6,435,553
81$9,959,766$4,020,652$3,000,711$6,872,947
82$10,883,102$4,125,104$3,008,675$7,349,818
83$11,897,703$4,231,758$3,013,990$7,870,099
84$13,012,785$4,340,631$3,016,475$8,438,118
85$14,238,504$4,451,737$3,015,941$9,058,649
86$15,586,046$4,565,086$3,012,190$9,736,949
87$17,067,736$4,680,689$3,005,012$10,478,813
88$18,697,154$4,798,552$2,994,189$11,290,625
89$20,489,261$4,918,678$2,979,492$12,179,423
90$22,460,541$5,041,068$2,960,679$13,152,961
91$24,629,154$5,165,718$2,937,500$14,219,782
92$27,015,111$5,292,622$2,909,689$15,389,306
93$29,640,460$5,421,768$2,876,972$16,671,909
94$32,529,493$5,553,141$2,839,057$18,079,029
95$35,708,978$5,686,722$2,795,641$19,623,271
96$39,208,406$5,822,484$2,746,408$21,318,526
97$43,060,275$5,960,397$2,691,025$23,180,103
98$47,300,393$6,100,426$2,629,143$25,224,875
99$51,968,213$6,242,527$2,560,400$27,471,436
100$57,107,211$6,386,651$2,484,413$29,940,279