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%13.2%
1 years$305,543$302,821$300,166$297,574$295,043$291,115
2 years$151,259$148,442$145,711$143,064$140,497$136,546
3 years$99,837$97,008$94,285$91,663$89,137$85,285
4 years$74,132$71,311$68,615$66,038$63,573$59,851
5 years$58,713$55,909$53,248$50,723$48,327$44,745
6 years$48,436$45,654$43,033$40,564$38,240$34,802
7 years$41,099$38,340$35,760$33,350$31,099$27,807
8 years$35,599$32,864$30,328$27,976$25,800$22,653
9 years$31,323$28,614$26,121$23,830$21,727$18,725
10 years$27,904$25,222$22,773$20,541$18,513$15,652
11 years$25,109$22,454$20,049$17,877$15,921$13,200
12 years$22,781$20,153$17,793$15,681$13,797$11,211
13 years$20,813$18,213$15,897$13,844$12,031$9,578
14 years$19,128$16,555$14,283$12,289$10,547$8,222
15 years$17,668$15,123$12,896$10,960$9,286$7,087
16 years$16,392$13,875$11,692$9,813$8,207$6,129
17 years$15,268$12,779$10,639$8,817$7,277$5,315
18 years$14,269$11,808$9,712$7,946$6,470$4,621
19 years$13,377$10,944$8,891$7,180$5,767$4,026
20 years$12,575$10,169$8,160$6,503$5,151$3,513
21 years$11,850$9,472$7,506$5,902$4,610$3,071
22 years$11,192$8,842$6,917$5,366$4,132$2,688
23 years$10,593$8,270$6,387$4,887$3,709$2,355
24 years$10,044$7,748$5,907$4,457$3,334$2,066
25 years$9,539$7,271$5,471$4,070$3,000$1,813
26 years$9,074$6,834$5,074$3,722$2,702$1,593
27 years$8,645$6,431$4,712$3,407$2,436$1,401
28 years$8,246$6,060$4,380$3,121$2,198$1,232
29 years$7,876$5,717$4,076$2,862$1,985$1,084
30 years$7,532$5,399$3,797$2,627$1,794$955
31 years$7,210$5,104$3,540$2,413$1,622$841
32 years$6,909$4,830$3,303$2,217$1,467$741
33 years$6,626$4,574$3,084$2,039$1,328$653
34 years$6,361$4,335$2,881$1,876$1,202$576
35 years$6,112$4,111$2,694$1,727$1,089$508
36 years$5,876$3,902$2,520$1,590$986$448
37 years$5,655$3,706$2,359$1,465$894$395
38 years$5,445$3,522$2,209$1,351$810$349
39 years$5,247$3,349$2,069$1,245$735$308
40 years$5,058$3,187$1,940$1,149$667$272
41 years$4,880$3,033$1,819$1,060$605$240
42 years$4,711$2,889$1,706$978$549$212
43 years$4,550$2,753$1,601$903$498$187
44 years$4,396$2,624$1,503$834$452$165
45 years$4,250$2,502$1,411$770$410$146
46 years$4,111$2,387$1,325$711$373$129
47 years$3,978$2,278$1,245$657$338$114
48 years$3,850$2,174$1,170$607$307$100
49 years$3,729$2,076$1,100$561$279$89
50 years$3,612$1,984$1,034$519$253$78

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 $5,381 every year, while hoping to spend $59,282 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: 67/8/25 Blend
65$3,700,000$3,700,000$3,700,000$3,700,000
66$4,082,951$3,886,851$3,829,501$4,329,790
67$4,436,336$4,014,231$3,894,713$4,623,781
68$4,823,780$4,145,865$3,960,124$4,937,954
69$5,248,693$4,281,901$4,025,676$5,280,203
70$5,714,834$4,422,488$4,091,310$5,653,300
71$6,226,340$4,567,783$4,156,962$6,060,298
72$6,787,771$4,717,949$4,222,565$6,504,558
73$7,404,148$4,873,152$4,288,044$6,989,783
74$8,081,002$5,033,568$4,353,325$7,520,053
75$8,824,426$5,199,374$4,418,323$8,099,861
76$9,641,133$5,370,759$4,482,953$8,734,155
77$10,538,518$5,547,916$4,547,121$9,428,388
78$11,524,726$5,731,043$4,610,729$10,188,567
79$12,608,733$5,920,349$4,673,673$11,021,308
80$13,800,427$6,116,049$4,735,844$11,933,901
81$15,110,699$6,318,364$4,797,123$12,934,379
82$16,551,552$6,527,526$4,857,389$14,031,589
83$18,136,208$6,743,772$4,916,509$15,235,282
84$19,879,235$6,967,351$4,974,346$16,556,199
85$21,796,685$7,198,519$5,030,755$18,006,174
86$23,906,243$7,437,543$5,085,581$19,598,250
87$26,227,394$7,684,696$5,138,662$21,346,793
88$28,781,608$7,940,266$5,189,827$23,267,636
89$31,592,540$8,204,548$5,238,894$25,378,224
90$34,686,257$8,477,848$5,285,675$27,697,778
91$38,091,478$8,760,486$5,329,968$30,247,479
92$41,839,850$9,052,790$5,371,563$33,050,666
93$45,966,240$9,355,103$5,410,236$36,133,056
94$50,509,073$9,667,779$5,445,755$39,522,987
95$55,510,685$9,991,186$5,477,874$43,251,685
96$61,017,725$10,325,706$5,506,334$47,353,562
97$67,081,600$10,671,732$5,530,863$51,866,533
98$73,758,952$11,029,676$5,551,176$56,832,383
99$81,112,198$11,399,963$5,566,973$62,297,153
100$89,210,114$11,783,033$5,577,939$68,311,582