Can I retire at age 66 with 2,670,000?

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 $2,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$220,486$218,522$216,606$214,736$212,910$210,774
2 years$109,152$107,119$105,149$103,238$101,385$99,234
3 years$72,045$70,003$68,038$66,146$64,323$62,223
4 years$53,495$51,460$49,514$47,654$45,876$43,844
5 years$42,368$40,345$38,425$36,603$34,874$32,915
6 years$34,953$32,945$31,053$29,272$27,595$25,712
7 years$29,658$27,667$25,805$24,066$22,442$20,636
8 years$25,689$23,716$21,885$20,188$18,618$16,888
9 years$22,603$20,649$18,850$17,196$15,679$14,025
10 years$20,136$18,201$16,433$14,823$13,359$11,781
11 years$18,119$16,203$14,468$12,901$11,489$9,984
12 years$16,439$14,543$12,840$11,316$9,956$8,524
13 years$15,019$13,143$11,471$9,990$8,682$7,320
14 years$13,803$11,946$10,307$8,868$7,611$6,317
15 years$12,750$10,913$9,306$7,909$6,701$5,474
16 years$11,829$10,013$8,437$7,081$5,922$4,760
17 years$11,018$9,221$7,678$6,362$5,251$4,152
18 years$10,297$8,521$7,009$5,734$4,669$3,630
19 years$9,653$7,897$6,416$5,181$4,162$3,181
20 years$9,074$7,338$5,888$4,692$3,717$2,793
21 years$8,552$6,835$5,416$4,259$3,327$2,456
22 years$8,077$6,381$4,992$3,872$2,982$2,162
23 years$7,644$5,968$4,609$3,526$2,677$1,906
24 years$7,248$5,591$4,263$3,216$2,406$1,682
25 years$6,884$5,247$3,948$2,937$2,165$1,486
26 years$6,548$4,931$3,662$2,686$1,950$1,314
27 years$6,238$4,641$3,400$2,458$1,758$1,163
28 years$5,951$4,373$3,161$2,252$1,586$1,029
29 years$5,684$4,126$2,941$2,065$1,432$912
30 years$5,435$3,896$2,740$1,896$1,294$808
31 years$5,203$3,683$2,554$1,741$1,170$717
32 years$4,985$3,485$2,383$1,600$1,059$636
33 years$4,782$3,300$2,225$1,471$958$564
34 years$4,590$3,128$2,079$1,354$867$501
35 years$4,410$2,967$1,944$1,246$786$444
36 years$4,241$2,816$1,818$1,148$712$395
37 years$4,080$2,675$1,702$1,057$645$350
38 years$3,929$2,542$1,594$975$585$311
39 years$3,786$2,417$1,493$899$530$277
40 years$3,650$2,300$1,400$829$481$246
41 years$3,522$2,189$1,312$765$436$218
42 years$3,399$2,085$1,231$706$396$194
43 years$3,283$1,986$1,155$652$359$173
44 years$3,172$1,893$1,084$602$326$153
45 years$3,067$1,806$1,018$556$296$136
46 years$2,966$1,722$956$513$269$121
47 years$2,870$1,644$898$474$244$108
48 years$2,779$1,569$844$438$222$96
49 years$2,691$1,498$794$405$201$85
50 years$2,607$1,431$746$374$183$76

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,670,000, adding $5,580 every year, while hoping to spend $50,723 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: 72/15/13 Blend
65$2,670,000$2,670,000$2,670,000$2,670,000
66$2,948,096$2,806,586$2,765,201$3,151,782
67$3,194,833$2,890,140$2,803,866$3,370,980
68$3,465,037$2,976,088$2,842,127$3,604,180
69$3,761,048$3,064,493$2,879,916$3,858,184
70$4,085,444$3,155,422$2,917,161$4,135,039
71$4,441,062$3,248,941$2,953,789$4,436,995
72$4,831,028$3,345,117$2,989,720$4,766,535
73$5,258,787$3,444,021$3,024,868$5,126,390
74$5,728,128$3,545,724$3,059,147$5,519,567
75$6,243,231$3,650,298$3,092,462$5,949,380
76$6,808,695$3,757,817$3,124,714$6,419,479
77$7,429,589$3,868,357$3,155,799$6,933,882
78$8,111,496$3,981,995$3,185,607$7,497,018
79$8,860,566$4,098,811$3,214,022$8,113,762
80$9,683,575$4,218,884$3,240,923$8,789,488
81$10,587,987$4,342,296$3,266,181$9,530,114
82$11,582,024$4,469,131$3,289,661$10,342,158
83$12,674,746$4,599,474$3,311,220$11,232,804
84$13,876,133$4,733,412$3,330,710$12,209,965
85$15,197,182$4,871,032$3,347,972$13,282,356
86$16,650,007$5,012,425$3,362,841$14,459,584
87$18,247,955$5,157,681$3,375,143$15,752,230
88$20,005,733$5,306,894$3,384,697$17,171,953
89$21,939,543$5,460,158$3,391,310$18,731,598
90$24,067,239$5,617,568$3,394,781$20,445,318
91$26,408,491$5,779,222$3,394,900$22,328,708
92$28,984,971$5,945,218$3,391,443$24,398,951
93$31,820,561$6,115,657$3,384,180$26,674,978
94$34,941,574$6,290,639$3,372,865$29,177,652
95$38,377,002$6,470,268$3,357,244$31,929,959
96$42,158,793$6,654,648$3,337,048$34,957,226
97$46,322,148$6,843,884$3,311,997$38,287,365
98$50,905,854$7,038,081$3,281,796$41,951,127
99$55,952,652$7,237,348$3,246,137$45,982,400
100$61,509,637$7,441,792$3,204,697$50,418,527