Can I retire at age 66 with 3,900,000?

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 $3,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$322,058$319,190$316,391$313,659$310,991$306,218
2 years$159,435$156,466$153,588$150,798$148,091$143,293
3 years$105,234$102,252$99,381$96,617$93,955$89,282
4 years$78,139$75,166$72,324$69,607$67,010$62,498
5 years$61,886$58,931$56,127$53,465$50,940$46,602
6 years$51,055$48,122$45,359$42,757$40,307$36,148
7 years$43,321$40,412$37,693$35,153$32,780$28,802
8 years$37,523$34,641$31,967$29,489$27,194$23,396
9 years$33,016$30,161$27,533$25,118$22,902$19,282
10 years$29,412$26,586$24,004$21,652$19,513$16,069
11 years$26,466$23,668$21,133$18,843$16,782$13,509
12 years$24,013$21,243$18,755$16,528$14,543$11,437
13 years$21,938$19,197$16,756$14,592$12,682$9,739
14 years$20,161$17,450$15,055$12,953$11,117$8,333
15 years$18,623$15,941$13,593$11,552$9,788$7,157
16 years$17,278$14,625$12,324$10,343$8,651$6,168
17 years$16,093$13,469$11,214$9,294$7,670$5,331
18 years$15,041$12,446$10,237$8,375$6,820$4,618
19 years$14,100$11,535$9,372$7,568$6,079$4,008
20 years$13,255$10,719$8,601$6,854$5,430$3,485
21 years$12,491$9,984$7,911$6,221$4,859$3,035
22 years$11,797$9,320$7,291$5,656$4,355$2,646
23 years$11,165$8,717$6,732$5,151$3,910$2,310
24 years$10,586$8,167$6,226$4,698$3,514$2,018
25 years$10,055$7,664$5,767$4,290$3,162$1,765
26 years$9,565$7,203$5,348$3,923$2,848$1,544
27 years$9,112$6,779$4,966$3,591$2,568$1,352
28 years$8,692$6,388$4,617$3,290$2,317$1,185
29 years$8,302$6,026$4,296$3,017$2,092$1,038
30 years$7,939$5,691$4,002$2,769$1,891$910
31 years$7,599$5,380$3,731$2,543$1,709$799
32 years$7,282$5,091$3,481$2,337$1,546$701
33 years$6,984$4,821$3,250$2,149$1,399$615
34 years$6,705$4,569$3,037$1,977$1,267$540
35 years$6,442$4,334$2,839$1,820$1,147$474
36 years$6,194$4,113$2,656$1,676$1,040$417
37 years$5,960$3,907$2,486$1,545$942$366
38 years$5,739$3,713$2,328$1,424$854$321
39 years$5,530$3,531$2,181$1,313$775$282
40 years$5,332$3,359$2,044$1,211$703$248
41 years$5,144$3,197$1,917$1,117$637$218
42 years$4,965$3,045$1,798$1,031$578$192
43 years$4,795$2,901$1,687$952$525$169
44 years$4,634$2,766$1,584$879$477$148
45 years$4,480$2,637$1,487$812$433$130
46 years$4,333$2,516$1,397$750$393$115
47 years$4,193$2,401$1,312$693$357$101
48 years$4,059$2,292$1,233$640$324$89
49 years$3,930$2,189$1,159$591$294$78
50 years$3,808$2,091$1,090$547$267$68

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $3,900,000, adding $5,706 every year, while hoping to spend $51,903 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: 30/46/24 Blend
65$3,900,000$3,900,000$3,900,000$3,900,000
66$4,303,686$4,096,986$4,036,536$4,400,620
67$4,687,437$4,242,514$4,116,535$4,621,293
68$5,108,592$4,393,433$4,197,475$4,853,534
69$5,570,910$4,549,953$4,279,332$5,102,317
70$6,078,534$4,712,291$4,362,081$5,369,111
71$6,636,026$4,880,675$4,445,692$5,655,525
72$7,248,413$5,055,340$4,530,135$5,963,329
73$7,921,232$5,236,533$4,615,375$6,294,463
74$8,660,583$5,424,509$4,701,376$6,651,058
75$9,473,186$5,619,534$4,788,096$7,035,455
76$10,366,446$5,821,886$4,875,492$7,450,223
77$11,348,519$6,031,853$4,963,517$7,898,189
78$12,428,391$6,249,737$5,052,117$8,382,453
79$13,615,963$6,475,850$5,141,239$8,906,429
80$14,922,143$6,710,519$5,230,823$9,473,864
81$16,358,950$6,954,084$5,320,805$10,088,881
82$17,939,627$7,206,897$5,411,115$10,756,010
83$19,678,762$7,469,329$5,501,681$11,480,235
84$21,592,432$7,741,762$5,592,423$12,267,037
85$23,698,349$8,024,597$5,683,258$13,122,443
86$26,016,030$8,318,251$5,774,096$14,053,086
87$28,566,978$8,623,158$5,864,842$15,066,259
88$31,374,888$8,939,772$5,955,392$16,169,991
89$34,465,868$9,268,562$6,045,640$17,373,113
90$37,868,687$9,610,022$6,135,469$18,685,344
91$41,615,043$9,964,663$6,224,757$20,117,383
92$45,739,866$10,333,020$6,313,375$21,681,001
93$50,281,643$10,715,649$6,401,184$23,389,157
94$55,282,785$11,113,130$6,488,038$25,256,117
95$60,790,025$11,526,070$6,573,783$27,297,585
96$66,854,858$11,955,098$6,658,256$29,530,848
97$73,534,028$12,400,872$6,741,281$31,974,940
98$80,890,062$12,864,078$6,822,678$34,650,820
99$88,991,863$13,345,431$6,902,251$37,581,563
100$97,915,353$13,845,678$6,979,797$40,792,580