Can I retire at age 66 with 2,590,000?

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 $2,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$213,880$211,975$210,116$208,302$206,530$198,258
2 years$105,881$103,909$101,998$100,145$98,348$90,117
3 years$69,886$67,906$65,999$64,164$62,396$54,466
4 years$51,892$49,918$48,031$46,226$44,501$36,933
5 years$41,099$39,136$37,274$35,506$33,829$26,642
6 years$33,905$31,958$30,123$28,395$26,768$19,966
7 years$28,769$26,838$25,032$23,345$21,769$15,350
8 years$24,919$23,005$21,229$19,583$18,060$12,016
9 years$21,926$20,030$18,285$16,681$15,209$9,532
10 years$19,533$17,656$15,941$14,379$12,959$7,637
11 years$17,576$15,718$14,034$12,514$11,145$6,167
12 years$15,947$14,107$12,455$10,976$9,658$5,009
13 years$14,569$12,749$11,128$9,691$8,422$4,088
14 years$13,389$11,588$9,998$8,602$7,383$3,349
15 years$12,368$10,586$9,027$7,672$6,500$2,752
16 years$11,475$9,713$8,184$6,869$5,745$2,267
17 years$10,688$8,945$7,448$6,172$5,094$1,872
18 years$9,989$8,266$6,799$5,562$4,529$1,547
19 years$9,364$7,660$6,224$5,026$4,037$1,281
20 years$8,803$7,118$5,712$4,552$3,606$1,062
21 years$8,295$6,631$5,254$4,131$3,227$881
22 years$7,835$6,189$4,842$3,756$2,892$731
23 years$7,415$5,789$4,471$3,421$2,596$608
24 years$7,030$5,424$4,135$3,120$2,334$505
25 years$6,677$5,090$3,830$2,849$2,100$420
26 years$6,352$4,784$3,552$2,605$1,892$349
27 years$6,051$4,502$3,298$2,385$1,705$291
28 years$5,773$4,242$3,066$2,185$1,539$242
29 years$5,513$4,002$2,853$2,004$1,390$201
30 years$5,272$3,780$2,658$1,839$1,256$168
31 years$5,047$3,573$2,478$1,689$1,135$140
32 years$4,836$3,381$2,312$1,552$1,027$116
33 years$4,638$3,202$2,159$1,427$929$97
34 years$4,453$3,034$2,017$1,313$841$81
35 years$4,278$2,878$1,886$1,209$762$67
36 years$4,114$2,732$1,764$1,113$690$56
37 years$3,958$2,594$1,651$1,026$626$47
38 years$3,811$2,466$1,546$945$567$39
39 years$3,673$2,345$1,448$872$514$32
40 years$3,541$2,231$1,358$804$467$27
41 years$3,416$2,123$1,273$742$423$22
42 years$3,297$2,022$1,194$685$384$19
43 years$3,185$1,927$1,121$632$349$16
44 years$3,077$1,837$1,052$584$316$13
45 years$2,975$1,751$988$539$287$11
46 years$2,877$1,671$928$498$261$9
47 years$2,784$1,594$871$460$237$8
48 years$2,695$1,522$819$425$215$6
49 years$2,610$1,454$770$393$195$5
50 years$2,529$1,388$724$363$177$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,590,000, adding $6,853 every year, while hoping to spend $47,396 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: 44/30/26 Blend
65$2,590,000$2,590,000$2,590,000$2,590,000
66$2,861,249$2,723,979$2,683,834$2,965,289
67$3,102,667$2,807,025$2,723,313$3,123,017
68$3,367,122$2,892,552$2,762,527$3,288,807
69$3,656,912$2,980,631$2,801,415$3,467,601
70$3,974,571$3,071,335$2,839,917$3,660,633
71$4,322,888$3,164,741$2,877,964$3,869,262
72$4,704,934$3,260,925$2,915,488$4,094,984
73$5,124,095$3,359,968$2,952,414$4,339,444
74$5,584,096$3,461,950$2,988,664$4,604,455
75$6,089,044$3,566,956$3,024,154$4,892,011
76$6,643,461$3,675,071$3,058,797$5,204,308
77$7,252,328$3,786,383$3,092,501$5,543,765
78$7,921,133$3,900,984$3,125,168$5,913,047
79$8,655,923$4,018,966$3,156,695$6,315,084
80$9,463,356$4,140,424$3,186,973$6,753,109
81$10,350,770$4,265,457$3,215,888$7,230,678
82$11,326,248$4,394,164$3,243,320$7,751,710
83$12,398,695$4,526,648$3,269,141$8,320,523
84$13,577,922$4,663,014$3,293,218$8,941,869
85$14,874,740$4,803,371$3,315,411$9,620,987
86$16,301,057$4,947,830$3,335,570$10,363,648
87$17,869,994$5,096,503$3,353,542$11,176,206
88$19,596,010$5,249,508$3,369,161$12,065,666
89$21,495,032$5,406,963$3,382,257$13,039,742
90$23,584,612$5,568,991$3,392,650$14,106,935
91$25,884,087$5,735,716$3,400,148$15,276,609
92$28,414,765$5,907,267$3,404,554$16,559,083
93$31,200,122$6,083,775$3,405,658$17,965,727
94$34,266,028$6,265,373$3,403,241$19,509,066
95$37,640,987$6,452,200$3,397,073$21,202,904
96$41,356,406$6,644,396$3,386,914$23,062,449
97$45,446,893$6,842,105$3,372,509$25,104,459
98$49,950,581$7,045,474$3,353,593$27,347,400
99$54,909,492$7,254,653$3,329,890$29,811,619
100$60,369,925$7,469,797$3,301,106$32,519,538