Can I retire at age 66 with 2,630,000?

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 $2,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$217,183$215,248$213,361$211,519$209,720$203,824
2 years$107,516$105,514$103,573$101,692$99,867$93,971
3 years$70,966$68,955$67,019$65,155$63,359$57,650
4 years$52,694$50,689$48,773$46,940$45,189$39,708
5 years$41,734$39,741$37,849$36,055$34,352$29,115
6 years$34,429$32,451$30,588$28,833$27,181$22,194
7 years$29,214$27,253$25,419$23,705$22,106$17,368
8 years$25,304$23,360$21,557$19,886$18,339$13,848
9 years$22,265$20,339$18,567$16,938$15,444$11,195
10 years$19,835$17,928$16,187$14,601$13,159$9,147
11 years$17,848$15,960$14,251$12,707$11,317$7,535
12 years$16,193$14,325$12,647$11,146$9,807$6,248
13 years$14,794$12,946$11,300$9,840$8,552$5,208
14 years$13,596$11,767$10,153$8,735$7,497$4,360
15 years$12,559$10,750$9,167$7,790$6,601$3,663
16 years$11,652$9,863$8,311$6,975$5,834$3,086
17 years$10,853$9,083$7,563$6,267$5,173$2,606
18 years$10,143$8,393$6,904$5,648$4,599$2,205
19 years$9,509$7,779$6,320$5,103$4,099$1,869
20 years$8,939$7,228$5,800$4,622$3,662$1,586
21 years$8,423$6,733$5,335$4,195$3,277$1,348
22 years$7,956$6,285$4,917$3,814$2,937$1,147
23 years$7,529$5,878$4,540$3,474$2,637$976
24 years$7,139$5,508$4,199$3,168$2,370$832
25 years$6,781$5,169$3,889$2,893$2,132$709
26 years$6,450$4,858$3,607$2,645$1,921$605
27 years$6,145$4,572$3,349$2,421$1,732$516
28 years$5,862$4,308$3,113$2,219$1,563$440
29 years$5,599$4,064$2,897$2,035$1,411$376
30 years$5,354$3,838$2,699$1,867$1,275$321
31 years$5,125$3,628$2,516$1,715$1,153$274
32 years$4,911$3,433$2,347$1,576$1,043$234
33 years$4,710$3,251$2,192$1,449$944$200
34 years$4,521$3,081$2,048$1,333$854$171
35 years$4,344$2,922$1,915$1,227$774$146
36 years$4,177$2,774$1,791$1,130$701$125
37 years$4,019$2,635$1,676$1,042$635$107
38 years$3,870$2,504$1,570$960$576$91
39 years$3,729$2,381$1,471$885$522$78
40 years$3,596$2,265$1,379$816$474$67
41 years$3,469$2,156$1,293$753$430$57
42 years$3,348$2,054$1,213$695$390$49
43 years$3,234$1,957$1,138$642$354$42
44 years$3,125$1,865$1,068$593$321$36
45 years$3,021$1,778$1,003$547$292$31
46 years$2,922$1,697$942$506$265$26
47 years$2,827$1,619$885$467$241$22
48 years$2,737$1,546$832$432$218$19
49 years$2,650$1,476$782$399$198$16
50 years$2,568$1,410$735$369$180$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,630,000, adding $6,743 every year, while hoping to spend $28,707 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: 27/44/29 Blend
65$2,630,000$2,630,000$2,630,000$2,630,000
66$2,905,215$2,765,825$2,725,060$2,957,345
67$3,171,003$2,870,807$2,785,806$3,105,294
68$3,462,940$2,979,970$2,847,624$3,261,127
69$3,783,661$3,093,490$2,910,521$3,427,860
70$4,136,072$3,211,549$2,974,501$3,606,444
71$4,523,373$3,334,336$3,039,569$3,797,919
72$4,949,089$3,462,051$3,105,727$4,003,427
73$5,417,106$3,594,901$3,172,978$4,224,221
74$5,931,700$3,733,101$3,241,322$4,461,673
75$6,497,589$3,876,878$3,310,761$4,717,291
76$7,119,964$4,026,466$3,381,293$4,992,729
77$7,804,550$4,182,113$3,452,916$5,289,802
78$8,557,652$4,344,074$3,525,627$5,610,505
79$9,386,217$4,512,618$3,599,420$5,957,025
80$10,297,899$4,688,025$3,674,289$6,331,770
81$11,301,133$4,870,587$3,750,226$6,737,379
82$12,405,212$5,060,608$3,827,222$7,176,758
83$13,620,375$5,258,409$3,905,265$7,653,095
84$14,957,904$5,464,322$3,984,342$8,169,898
85$16,430,231$5,678,695$4,064,438$8,731,022
86$18,051,054$5,901,890$4,145,536$9,340,705
87$19,835,467$6,134,288$4,227,616$10,003,607
88$21,800,100$6,376,284$4,310,657$10,724,854
89$23,963,281$6,628,292$4,394,635$11,510,081
90$26,345,202$6,890,745$4,479,522$12,365,490
91$28,968,116$7,164,095$4,565,290$13,297,901
92$31,856,542$7,448,814$4,651,905$14,314,817
93$35,037,498$7,745,395$4,739,333$15,424,494
94$38,540,757$8,054,353$4,827,534$16,636,019
95$42,399,126$8,376,228$4,916,468$17,959,388
96$46,648,755$8,711,581$5,006,088$19,405,603
97$51,329,481$9,061,002$5,096,345$20,986,776
98$56,485,202$9,425,105$5,187,186$22,716,234
99$62,164,290$9,804,532$5,278,554$24,608,651
100$68,420,049$10,199,956$5,370,387$26,680,178