Can I retire at age 66 with 2,650,000?

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 $2,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$218,835$216,885$214,983$213,127$211,315$206,290
2 years$108,334$106,316$104,361$102,465$100,626$95,593
3 years$71,505$69,479$67,528$65,650$63,841$58,957
4 years$53,094$51,074$49,143$47,297$45,532$40,835
5 years$42,051$40,043$38,137$36,329$34,613$30,115
6 years$34,691$32,698$30,821$29,053$27,388$23,095
7 years$29,436$27,460$25,612$23,886$22,274$18,186
8 years$25,496$23,538$21,721$20,037$18,478$14,593
9 years$22,434$20,494$18,708$17,067$15,561$11,877
10 years$19,985$18,065$16,310$14,712$13,259$9,770
11 years$17,983$16,082$14,359$12,804$11,403$8,106
12 years$16,316$14,434$12,744$11,231$9,882$6,770
13 years$14,907$13,044$11,386$9,915$8,617$5,685
14 years$13,699$11,857$10,230$8,801$7,554$4,795
15 years$12,654$10,831$9,236$7,849$6,651$4,060
16 years$11,740$9,938$8,374$7,028$5,878$3,447
17 years$10,935$9,152$7,620$6,315$5,212$2,934
18 years$10,220$8,457$6,956$5,691$4,634$2,503
19 years$9,581$7,838$6,368$5,142$4,131$2,139
20 years$9,007$7,283$5,844$4,657$3,689$1,831
21 years$8,487$6,784$5,376$4,227$3,302$1,569
22 years$8,016$6,333$4,954$3,843$2,959$1,346
23 years$7,587$5,923$4,575$3,500$2,657$1,156
24 years$7,193$5,549$4,231$3,192$2,388$994
25 years$6,832$5,208$3,918$2,915$2,149$854
26 years$6,499$4,895$3,634$2,666$1,935$735
27 years$6,192$4,606$3,375$2,440$1,745$633
28 years$5,906$4,341$3,137$2,235$1,575$545
29 years$5,641$4,095$2,919$2,050$1,422$470
30 years$5,394$3,867$2,719$1,881$1,285$405
31 years$5,164$3,656$2,535$1,728$1,161$349
32 years$4,948$3,459$2,365$1,588$1,051$301
33 years$4,746$3,276$2,209$1,460$951$260
34 years$4,556$3,105$2,064$1,344$861$224
35 years$4,377$2,945$1,929$1,237$780$193
36 years$4,209$2,795$1,805$1,139$706$167
37 years$4,050$2,655$1,689$1,050$640$144
38 years$3,900$2,523$1,582$967$580$124
39 years$3,758$2,399$1,482$892$526$107
40 years$3,623$2,282$1,389$823$477$92
41 years$3,495$2,173$1,303$759$433$80
42 years$3,374$2,069$1,222$701$393$69
43 years$3,258$1,971$1,147$647$357$59
44 years$3,149$1,879$1,076$597$324$51
45 years$3,044$1,792$1,011$551$294$44
46 years$2,944$1,710$949$509$267$38
47 years$2,849$1,631$892$471$242$33
48 years$2,758$1,557$838$435$220$29
49 years$2,671$1,487$788$402$200$25
50 years$2,587$1,421$740$371$182$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,650,000, adding $2,421 every year, while hoping to spend $35,835 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: 78/9/13 Blend
65$2,650,000$2,650,000$2,650,000$2,650,000
66$2,922,797$2,782,347$2,741,272$3,143,084
67$3,182,794$2,880,554$2,794,977$3,386,643
68$3,468,110$2,982,372$2,849,279$3,648,903
69$3,781,289$3,087,940$2,904,162$3,935,549
70$4,125,135$3,197,403$2,959,605$4,249,002
71$4,502,735$3,310,912$3,015,588$4,591,926
72$4,917,490$3,428,623$3,072,087$4,967,257
73$5,373,147$3,550,699$3,129,075$5,378,227
74$5,873,836$3,677,310$3,186,526$5,828,399
75$6,424,102$3,808,633$3,244,410$6,321,693
76$7,028,955$3,944,852$3,302,693$6,862,428
77$7,693,917$4,086,158$3,361,341$7,455,362
78$8,425,066$4,232,749$3,420,316$8,105,737
79$9,229,104$4,384,835$3,479,577$8,819,325
80$10,113,410$4,542,630$3,539,081$9,602,486
81$11,086,119$4,706,359$3,598,781$10,462,225
82$12,156,190$4,876,258$3,658,627$11,406,259
83$13,333,495$5,052,568$3,718,565$12,443,091
84$14,628,913$5,235,546$3,778,538$13,582,088
85$16,054,429$5,425,454$3,838,486$14,833,567
86$17,623,248$5,622,569$3,898,343$16,208,899
87$19,349,922$5,827,177$3,958,040$17,720,608
88$21,250,484$6,039,578$4,017,504$19,382,493
89$23,342,599$6,260,083$4,076,656$21,209,760
90$25,645,733$6,489,017$4,135,413$23,219,161
91$28,181,337$6,726,717$4,193,688$25,429,151
92$30,973,043$6,973,537$4,251,387$27,860,068
93$34,046,896$7,229,842$4,308,411$30,534,319
94$37,431,592$7,496,017$4,364,655$33,476,591
95$41,158,752$7,772,459$4,420,008$36,714,090
96$45,263,220$8,059,585$4,474,354$40,276,788
97$49,783,391$8,357,828$4,527,568$44,197,714
98$54,761,575$8,667,639$4,579,519$48,513,260
99$60,244,392$8,989,490$4,630,069$53,263,526
100$66,283,216$9,323,871$4,679,073$58,492,696