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%12.5%
1 years$322,058$319,190$316,391$313,659$310,991$307,744
2 years$159,435$156,466$153,588$150,798$148,091$144,821
3 years$105,234$102,252$99,381$96,617$93,955$90,763
4 years$78,139$75,166$72,324$69,607$67,010$63,921
5 years$61,886$58,931$56,127$53,465$50,940$47,963
6 years$51,055$48,122$45,359$42,757$40,307$37,446
7 years$43,321$40,412$37,693$35,153$32,780$30,037
8 years$37,523$34,641$31,967$29,489$27,194$24,568
9 years$33,016$30,161$27,533$25,118$22,902$20,391
10 years$29,412$26,586$24,004$21,652$19,513$17,117
11 years$26,466$23,668$21,133$18,843$16,782$14,499
12 years$24,013$21,243$18,755$16,528$14,543$12,370
13 years$21,938$19,197$16,756$14,592$12,682$10,616
14 years$20,161$17,450$15,055$12,953$11,117$9,156
15 years$18,623$15,941$13,593$11,552$9,788$7,929
16 years$17,278$14,625$12,324$10,343$8,651$6,890
17 years$16,093$13,469$11,214$9,294$7,670$6,005
18 years$15,041$12,446$10,237$8,375$6,820$5,247
19 years$14,100$11,535$9,372$7,568$6,079$4,594
20 years$13,255$10,719$8,601$6,854$5,430$4,030
21 years$12,491$9,984$7,911$6,221$4,859$3,541
22 years$11,797$9,320$7,291$5,656$4,355$3,116
23 years$11,165$8,717$6,732$5,151$3,910$2,745
24 years$10,586$8,167$6,226$4,698$3,514$2,421
25 years$10,055$7,664$5,767$4,290$3,162$2,137
26 years$9,565$7,203$5,348$3,923$2,848$1,888
27 years$9,112$6,779$4,966$3,591$2,568$1,669
28 years$8,692$6,388$4,617$3,290$2,317$1,476
29 years$8,302$6,026$4,296$3,017$2,092$1,307
30 years$7,939$5,691$4,002$2,769$1,891$1,157
31 years$7,599$5,380$3,731$2,543$1,709$1,025
32 years$7,282$5,091$3,481$2,337$1,546$909
33 years$6,984$4,821$3,250$2,149$1,399$806
34 years$6,705$4,569$3,037$1,977$1,267$714
35 years$6,442$4,334$2,839$1,820$1,147$634
36 years$6,194$4,113$2,656$1,676$1,040$562
37 years$5,960$3,907$2,486$1,545$942$499
38 years$5,739$3,713$2,328$1,424$854$443
39 years$5,530$3,531$2,181$1,313$775$393
40 years$5,332$3,359$2,044$1,211$703$349
41 years$5,144$3,197$1,917$1,117$637$310
42 years$4,965$3,045$1,798$1,031$578$275
43 years$4,795$2,901$1,687$952$525$245
44 years$4,634$2,766$1,584$879$477$217
45 years$4,480$2,637$1,487$812$433$193
46 years$4,333$2,516$1,397$750$393$171
47 years$4,193$2,401$1,312$693$357$152
48 years$4,059$2,292$1,233$640$324$135
49 years$3,930$2,189$1,159$591$294$120
50 years$3,808$2,091$1,090$547$267$107

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 $3,842 every year, while hoping to spend $20,044 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: 46/48/6 Blend
65$3,900,000$3,900,000$3,900,000$3,900,000
66$4,301,763$4,095,063$4,034,613$4,492,495
67$4,719,216$4,274,394$4,148,446$4,803,298
68$5,178,578$4,461,841$4,265,420$5,137,844
69$5,684,101$4,657,780$4,385,621$5,500,266
70$6,240,473$4,862,605$4,509,133$5,893,147
71$6,852,858$5,076,729$4,636,045$6,319,316
72$7,526,946$5,300,585$4,766,449$6,781,882
73$8,269,006$5,534,625$4,900,436$7,284,256
74$9,085,947$5,779,324$5,038,103$7,830,186
75$9,985,381$6,035,179$5,179,547$8,423,787
76$10,975,697$6,302,709$5,324,869$9,069,578
77$12,066,136$6,582,461$5,474,171$9,772,527
78$13,266,885$6,875,004$5,627,558$10,538,089
79$14,589,165$7,180,937$5,785,139$11,372,263
80$16,045,342$7,500,885$5,947,024$12,281,638
81$17,649,045$7,835,506$6,113,327$13,273,461
82$19,415,288$8,185,487$6,284,163$14,355,695
83$21,360,618$8,551,546$6,459,654$15,537,100
84$23,503,268$8,934,439$6,639,919$16,827,305
85$25,863,331$9,334,956$6,825,086$18,236,901
86$28,462,946$9,753,924$7,015,281$19,777,535
87$31,326,510$10,192,211$7,210,638$21,462,021
88$34,480,909$10,650,724$7,411,289$23,304,453
89$37,955,769$11,130,416$7,617,373$25,320,335
90$41,783,734$11,632,283$7,829,033$27,526,730
91$46,000,782$12,157,372$8,046,412$29,942,407
92$50,646,554$12,706,775$8,269,659$32,588,023
93$55,764,736$13,281,641$8,498,926$35,486,311
94$61,403,468$13,883,170$8,734,369$38,662,288
95$67,615,798$14,512,622$8,976,147$42,143,489
96$74,460,186$15,171,317$9,224,424$45,960,223
97$82,001,049$15,860,636$9,479,367$50,145,852
98$90,309,377$16,582,028$9,741,147$54,737,102
99$99,463,398$17,337,012$10,009,940$59,774,403
100$109,549,316$18,127,177$10,285,924$65,302,266