Can I retire at age 66 with 2,690,000?

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 $2,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$222,138$220,159$218,229$216,344$214,504$206,238
2 years$109,969$107,921$105,936$104,012$102,145$93,915
3 years$72,585$70,528$68,548$66,641$64,805$56,871
4 years$53,896$51,845$49,885$48,011$46,219$38,642
5 years$42,686$40,647$38,713$36,877$35,135$27,933
6 years$35,215$33,192$31,286$29,491$27,801$20,980
7 years$29,880$27,874$25,999$24,246$22,610$16,166
8 years$25,881$23,893$22,049$20,340$18,757$12,686
9 years$22,773$20,803$18,991$17,325$15,796$10,088
10 years$20,287$18,337$16,557$14,934$13,459$8,103
11 years$18,255$16,325$14,576$12,997$11,575$6,560
12 years$16,562$14,652$12,936$11,400$10,031$5,343
13 years$15,132$13,241$11,557$10,065$8,747$4,372
14 years$13,906$12,036$10,384$8,934$7,668$3,592
15 years$12,845$10,995$9,376$7,968$6,751$2,960
16 years$11,918$10,088$8,500$7,134$5,967$2,446
17 years$11,100$9,290$7,735$6,410$5,291$2,025
18 years$10,374$8,585$7,061$5,777$4,704$1,679
19 years$9,726$7,956$6,464$5,220$4,193$1,395
20 years$9,142$7,393$5,932$4,728$3,745$1,160
21 years$8,616$6,887$5,457$4,291$3,352$965
22 years$8,137$6,428$5,029$3,901$3,004$804
23 years$7,701$6,012$4,644$3,553$2,697$670
24 years$7,302$5,633$4,295$3,240$2,424$559
25 years$6,935$5,286$3,978$2,959$2,181$466
26 years$6,597$4,968$3,689$2,706$1,965$389
27 years$6,285$4,676$3,426$2,477$1,771$325
28 years$5,995$4,406$3,185$2,269$1,598$271
29 years$5,726$4,157$2,963$2,081$1,443$226
30 years$5,476$3,925$2,760$1,910$1,304$189
31 years$5,242$3,711$2,573$1,754$1,179$158
32 years$5,023$3,511$2,401$1,612$1,066$132
33 years$4,817$3,325$2,242$1,482$965$110
34 years$4,625$3,152$2,095$1,364$874$92
35 years$4,443$2,989$1,958$1,256$791$77
36 years$4,272$2,837$1,832$1,156$717$64
37 years$4,111$2,695$1,715$1,065$650$54
38 years$3,959$2,561$1,606$982$589$45
39 years$3,814$2,435$1,504$905$534$38
40 years$3,678$2,317$1,410$835$485$31
41 years$3,548$2,205$1,322$771$440$26
42 years$3,425$2,100$1,240$711$399$22
43 years$3,308$2,001$1,164$656$362$18
44 years$3,196$1,908$1,092$606$329$15
45 years$3,090$1,819$1,026$560$298$13
46 years$2,989$1,735$963$517$271$11
47 years$2,892$1,656$905$478$246$9
48 years$2,799$1,581$851$441$223$8
49 years$2,711$1,510$799$408$203$6
50 years$2,626$1,442$752$377$184$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $2,690,000, adding $2,224 every year, while hoping to spend $32,112 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: 61/26/13 Blend
65$2,690,000$2,690,000$2,690,000$2,690,000
66$2,966,674$2,824,104$2,782,409$3,138,152
67$3,235,108$2,928,318$2,841,453$3,357,847
68$3,529,846$3,036,563$2,901,398$3,593,638
69$3,853,537$3,149,001$2,962,242$3,850,158
70$4,209,099$3,265,803$3,023,978$4,129,417
71$4,599,747$3,387,148$3,086,602$4,433,621
72$5,029,023$3,513,220$3,150,105$4,765,203
73$5,500,829$3,644,213$3,214,479$5,126,836
74$6,019,462$3,780,328$3,279,713$5,521,463
75$6,589,659$3,921,776$3,345,795$5,952,323
76$7,216,636$4,068,775$3,412,711$6,422,982
77$7,906,143$4,221,555$3,480,446$6,937,365
78$8,664,511$4,380,353$3,548,983$7,499,790
79$9,498,719$4,545,418$3,618,302$8,115,015
80$10,416,455$4,717,010$3,688,381$8,788,275
81$11,426,189$4,895,399$3,759,198$9,525,335
82$12,537,255$5,080,868$3,830,725$10,332,542
83$13,759,935$5,273,711$3,902,935$11,216,886
84$15,105,562$5,474,236$3,975,796$12,186,063
85$16,586,618$5,682,763$4,049,275$13,248,549
86$18,216,862$5,899,626$4,123,334$14,413,679
87$20,011,450$6,125,176$4,197,934$15,691,730
88$21,987,085$6,359,777$4,273,032$17,094,025
89$24,162,170$6,603,809$4,348,581$18,633,032
90$26,556,985$6,857,669$4,424,532$20,322,486
91$29,193,875$7,121,772$4,500,831$22,177,512
92$32,097,461$7,396,550$4,577,420$24,214,774
93$35,294,877$7,682,456$4,654,238$26,452,625
94$38,816,018$7,979,960$4,731,219$28,911,282
95$42,693,830$8,289,556$4,808,293$31,613,016
96$46,964,613$8,611,757$4,885,383$34,582,360
97$51,668,371$8,947,100$4,962,411$37,846,340
98$56,849,183$9,296,146$5,039,290$41,434,730
99$62,555,623$9,659,480$5,115,929$45,380,329
100$68,841,216$10,037,715$5,192,232$49,719,272