Can I retire at age 66 with 3,700,000?

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 $3,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$305,543$302,821$300,166$297,574$295,043$285,256
2 years$151,259$148,442$145,711$143,064$140,497$130,732
3 years$99,837$97,008$94,285$91,663$89,137$79,700
4 years$74,132$71,311$68,615$66,038$63,573$54,537
5 years$58,713$55,909$53,248$50,723$48,327$39,716
6 years$48,436$45,654$43,033$40,564$38,240$30,060
7 years$41,099$38,340$35,760$33,350$31,099$23,349
8 years$35,599$32,864$30,328$27,976$25,800$18,475
9 years$31,323$28,614$26,121$23,830$21,727$14,818
10 years$27,904$25,222$22,773$20,541$18,513$12,009
11 years$25,109$22,454$20,049$17,877$15,921$9,810
12 years$22,781$20,153$17,793$15,681$13,797$8,065
13 years$20,813$18,213$15,897$13,844$12,031$6,664
14 years$19,128$16,555$14,283$12,289$10,547$5,529
15 years$17,668$15,123$12,896$10,960$9,286$4,602
16 years$16,392$13,875$11,692$9,813$8,207$3,841
17 years$15,268$12,779$10,639$8,817$7,277$3,213
18 years$14,269$11,808$9,712$7,946$6,470$2,692
19 years$13,377$10,944$8,891$7,180$5,767$2,260
20 years$12,575$10,169$8,160$6,503$5,151$1,899
21 years$11,850$9,472$7,506$5,902$4,610$1,598
22 years$11,192$8,842$6,917$5,366$4,132$1,345
23 years$10,593$8,270$6,387$4,887$3,709$1,134
24 years$10,044$7,748$5,907$4,457$3,334$956
25 years$9,539$7,271$5,471$4,070$3,000$806
26 years$9,074$6,834$5,074$3,722$2,702$681
27 years$8,645$6,431$4,712$3,407$2,436$575
28 years$8,246$6,060$4,380$3,121$2,198$485
29 years$7,876$5,717$4,076$2,862$1,985$410
30 years$7,532$5,399$3,797$2,627$1,794$346
31 years$7,210$5,104$3,540$2,413$1,622$293
32 years$6,909$4,830$3,303$2,217$1,467$248
33 years$6,626$4,574$3,084$2,039$1,328$209
34 years$6,361$4,335$2,881$1,876$1,202$177
35 years$6,112$4,111$2,694$1,727$1,089$150
36 years$5,876$3,902$2,520$1,590$986$127
37 years$5,655$3,706$2,359$1,465$894$107
38 years$5,445$3,522$2,209$1,351$810$90
39 years$5,247$3,349$2,069$1,245$735$77
40 years$5,058$3,187$1,940$1,149$667$65
41 years$4,880$3,033$1,819$1,060$605$55
42 years$4,711$2,889$1,706$978$549$46
43 years$4,550$2,753$1,601$903$498$39
44 years$4,396$2,624$1,503$834$452$33
45 years$4,250$2,502$1,411$770$410$28
46 years$4,111$2,387$1,325$711$373$24
47 years$3,978$2,278$1,245$657$338$20
48 years$3,850$2,174$1,170$607$307$17
49 years$3,729$2,076$1,100$561$279$14
50 years$3,612$1,984$1,034$519$253$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $3,700,000, adding $5,260 every year, while hoping to spend $43,477 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$3,700,000$3,700,000$3,700,000$3,700,000
66$4,082,826$3,886,726$3,829,376$4,273,635
67$4,453,015$4,030,916$3,911,401$4,550,023
68$4,859,506$4,180,715$3,994,716$4,845,840
69$5,305,956$4,336,350$4,079,320$5,167,011
70$5,796,394$4,498,062$4,165,207$5,515,980
71$6,335,257$4,666,097$4,252,372$5,895,441
72$6,927,434$4,840,718$4,340,808$6,308,354
73$7,578,312$5,022,192$4,430,505$6,757,979
74$8,293,825$5,210,804$4,521,451$7,247,905
75$9,080,509$5,406,848$4,613,634$7,782,078
76$9,945,567$5,610,630$4,707,037$8,364,847
77$10,896,935$5,822,471$4,801,643$9,000,994
78$11,943,356$6,042,705$4,897,432$9,695,789
79$13,094,462$6,271,681$4,994,379$10,455,030
80$14,360,866$6,509,763$5,092,460$11,285,102
81$15,754,263$6,757,330$5,191,646$12,193,037
82$17,287,537$7,014,778$5,291,906$13,186,577
83$18,974,885$7,282,521$5,393,203$14,274,247
84$20,831,949$7,560,990$5,495,501$15,465,435
85$22,875,964$7,850,636$5,598,757$16,770,483
86$25,125,923$8,151,927$5,702,925$18,200,778
87$27,602,750$8,465,355$5,807,957$19,768,862
88$30,329,504$8,791,431$5,913,797$21,488,549
89$33,331,593$9,130,690$6,020,388$23,375,056
90$36,637,011$9,483,690$6,127,667$25,445,143
91$40,276,608$9,851,013$6,235,566$27,717,272
92$44,284,377$10,233,267$6,344,013$30,211,778
93$48,697,775$10,631,088$6,452,928$32,951,065
94$53,558,075$11,045,139$6,562,228$35,959,810
95$58,910,759$11,476,111$6,671,824$39,265,201
96$64,805,945$11,924,729$6,781,618$42,897,186
97$71,298,857$12,391,747$6,891,508$46,888,761
98$78,450,352$12,877,954$7,001,385$51,276,276
99$86,327,489$13,384,174$7,111,132$56,099,778
100$95,004,162$13,911,267$7,220,624$61,403,388