Can I retire at age 66 with 2,600,000?

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 $2,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$214,706$212,793$210,927$209,106$207,328$204,652
2 years$106,290$104,310$102,392$100,532$98,727$96,036
3 years$70,156$68,168$66,254$64,412$62,637$60,012
4 years$52,093$50,111$48,216$46,405$44,673$42,136
5 years$41,257$39,287$37,418$35,643$33,960$31,518
6 years$34,036$32,081$30,239$28,504$26,871$24,528
7 years$28,880$26,942$25,129$23,435$21,853$19,609
8 years$25,015$23,094$21,311$19,659$18,130$15,983
9 years$22,011$20,107$18,355$16,745$15,268$13,219
10 years$19,608$17,724$16,003$14,434$13,009$11,057
11 years$17,644$15,778$14,088$12,562$11,188$9,330
12 years$16,008$14,162$12,503$11,019$9,695$7,930
13 years$14,625$12,798$11,171$9,728$8,455$6,779
14 years$13,441$11,633$10,037$8,635$7,411$5,823
15 years$12,415$10,627$9,062$7,701$6,525$5,023
16 years$11,519$9,750$8,216$6,896$5,767$4,346
17 years$10,729$8,980$7,476$6,196$5,114$3,772
18 years$10,027$8,298$6,825$5,584$4,547$3,282
19 years$9,400$7,690$6,248$5,045$4,053$2,861
20 years$8,837$7,146$5,734$4,569$3,620$2,499
21 years$8,327$6,656$5,274$4,147$3,239$2,186
22 years$7,865$6,213$4,861$3,771$2,904$1,915
23 years$7,443$5,811$4,488$3,434$2,606$1,679
24 years$7,058$5,445$4,151$3,132$2,343$1,474
25 years$6,703$5,110$3,845$2,860$2,108$1,295
26 years$6,377$4,802$3,566$2,615$1,899$1,138
27 years$6,075$4,519$3,311$2,394$1,712$1,002
28 years$5,795$4,259$3,078$2,193$1,545$882
29 years$5,535$4,018$2,864$2,011$1,395$777
30 years$5,292$3,794$2,668$1,846$1,260$684
31 years$5,066$3,587$2,487$1,695$1,140$603
32 years$4,855$3,394$2,321$1,558$1,031$532
33 years$4,656$3,214$2,167$1,433$933$469
34 years$4,470$3,046$2,025$1,318$845$414
35 years$4,295$2,889$1,893$1,213$765$366
36 years$4,129$2,742$1,771$1,118$693$323
37 years$3,974$2,604$1,657$1,030$628$285
38 years$3,826$2,475$1,552$949$570$252
39 years$3,687$2,354$1,454$875$516$222
40 years$3,555$2,239$1,363$807$468$196
41 years$3,429$2,132$1,278$745$425$173
42 years$3,310$2,030$1,199$687$386$153
43 years$3,197$1,934$1,125$634$350$135
44 years$3,089$1,844$1,056$586$318$120
45 years$2,986$1,758$991$541$288$106
46 years$2,889$1,677$931$500$262$93
47 years$2,795$1,601$875$462$238$83
48 years$2,706$1,528$822$427$216$73
49 years$2,620$1,459$773$394$196$65
50 years$2,539$1,394$726$364$178$57

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,600,000, adding $4,069 every year, while hoping to spend $30,641 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: 54/20/26 Blend
65$2,600,000$2,600,000$2,600,000$2,600,000
66$2,869,397$2,731,597$2,691,297$3,003,480
67$3,129,474$2,832,844$2,748,854$3,197,662
68$3,415,051$2,938,024$2,807,312$3,405,454
69$3,728,699$3,047,299$2,866,669$3,631,053
70$4,073,245$3,160,836$2,926,921$3,876,176
71$4,451,808$3,278,809$2,988,065$4,142,715
72$4,867,822$3,401,401$3,050,095$4,432,750
73$5,325,071$3,528,800$3,113,004$4,748,570
74$5,827,721$3,661,204$3,176,783$5,092,695
75$6,380,366$3,798,821$3,241,422$5,467,898
76$6,988,065$3,941,864$3,306,911$5,877,233
77$7,656,391$4,090,559$3,373,236$6,324,059
78$8,391,486$4,245,140$3,440,383$6,812,076
79$9,200,117$4,405,851$3,508,335$7,345,359
80$10,089,738$4,572,946$3,577,073$7,928,391
81$11,068,563$4,746,692$3,646,577$8,566,112
82$12,145,643$4,927,367$3,716,823$9,263,959
83$13,330,950$5,115,259$3,787,788$10,027,920
84$14,635,471$5,310,671$3,859,444$10,864,591
85$16,071,313$5,513,919$3,931,760$11,781,233
86$17,651,817$5,725,331$4,004,703$12,785,847
87$19,391,681$5,945,250$4,078,240$13,887,240
88$21,307,102$6,174,037$4,152,330$15,095,117
89$23,415,925$6,412,064$4,226,932$16,420,165
90$25,737,817$6,659,722$4,302,002$17,874,157
91$28,294,446$6,917,420$4,377,490$19,470,060
92$31,109,690$7,185,584$4,453,346$21,222,158
93$34,209,858$7,464,658$4,529,514$23,146,187
94$37,623,944$7,755,106$4,605,932$25,259,481
95$41,383,893$8,057,413$4,682,538$27,581,135
96$45,524,911$8,372,087$4,759,263$30,132,187
97$50,085,787$8,699,655$4,836,034$32,935,812
98$55,109,269$9,040,669$4,912,773$36,017,542
99$60,642,460$9,395,708$4,989,397$39,405,508
100$66,737,266$9,765,373$5,065,817$43,130,700