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

Use the below retirement simulation to view the chances of a successful retirement.
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%19.4%
1 years$322,058$319,190$316,391$313,659$310,991$299,244
2 years$159,435$156,466$153,588$150,798$148,091$136,392
3 years$105,234$102,252$99,381$96,617$93,955$82,672
4 years$78,139$75,166$72,324$69,607$67,010$56,229
5 years$61,886$58,931$56,127$53,465$50,940$40,690
6 years$51,055$48,122$45,359$42,757$40,307$30,594
7 years$43,321$40,412$37,693$35,153$32,780$23,602
8 years$37,523$34,641$31,967$29,489$27,194$18,543
9 years$33,016$30,161$27,533$25,118$22,902$14,764
10 years$29,412$26,586$24,004$21,652$19,513$11,874
11 years$26,466$23,668$21,133$18,843$16,782$9,625
12 years$24,013$21,243$18,755$16,528$14,543$7,850
13 years$21,938$19,197$16,756$14,592$12,682$6,433
14 years$20,161$17,450$15,055$12,953$11,117$5,292
15 years$18,623$15,941$13,593$11,552$9,788$4,368
16 years$17,278$14,625$12,324$10,343$8,651$3,614
17 years$16,093$13,469$11,214$9,294$7,670$2,996
18 years$15,041$12,446$10,237$8,375$6,820$2,489
19 years$14,100$11,535$9,372$7,568$6,079$2,070
20 years$13,255$10,719$8,601$6,854$5,430$1,724
21 years$12,491$9,984$7,911$6,221$4,859$1,437
22 years$11,797$9,320$7,291$5,656$4,355$1,198
23 years$11,165$8,717$6,732$5,151$3,910$1,000
24 years$10,586$8,167$6,226$4,698$3,514$835
25 years$10,055$7,664$5,767$4,290$3,162$698
26 years$9,565$7,203$5,348$3,923$2,848$584
27 years$9,112$6,779$4,966$3,591$2,568$488
28 years$8,692$6,388$4,617$3,290$2,317$408
29 years$8,302$6,026$4,296$3,017$2,092$341
30 years$7,939$5,691$4,002$2,769$1,891$286
31 years$7,599$5,380$3,731$2,543$1,709$239
32 years$7,282$5,091$3,481$2,337$1,546$200
33 years$6,984$4,821$3,250$2,149$1,399$167
34 years$6,705$4,569$3,037$1,977$1,267$140
35 years$6,442$4,334$2,839$1,820$1,147$117
36 years$6,194$4,113$2,656$1,676$1,040$98
37 years$5,960$3,907$2,486$1,545$942$82
38 years$5,739$3,713$2,328$1,424$854$69
39 years$5,530$3,531$2,181$1,313$775$58
40 years$5,332$3,359$2,044$1,211$703$48
41 years$5,144$3,197$1,917$1,117$637$40
42 years$4,965$3,045$1,798$1,031$578$34
43 years$4,795$2,901$1,687$952$525$28
44 years$4,634$2,766$1,584$879$477$24
45 years$4,480$2,637$1,487$812$433$20
46 years$4,333$2,516$1,397$750$393$17
47 years$4,193$2,401$1,312$693$357$14
48 years$4,059$2,292$1,233$640$324$12
49 years$3,930$2,189$1,159$591$294$10
50 years$3,808$2,091$1,090$547$267$8

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 $4,213 every year, while hoping to spend $21,535 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: 46/42/12 Blend
65$3,900,000$3,900,000$3,900,000$3,900,000
66$4,302,146$4,095,446$4,034,996$4,485,325
67$4,718,051$4,273,209$4,147,255$4,790,347
68$5,175,658$4,458,962$4,262,553$5,118,506
69$5,679,196$4,653,072$4,380,969$5,474,020
70$6,233,326$4,855,925$4,502,585$5,859,430
71$6,843,186$5,067,926$4,627,482$6,277,530
72$7,514,435$5,289,498$4,755,746$6,731,385
73$8,253,308$5,521,084$4,887,464$7,224,363
74$9,066,676$5,763,148$5,022,725$7,760,162
75$9,962,112$6,016,177$5,161,621$8,342,845
76$10,947,957$6,280,679$5,304,245$8,976,879
77$12,033,404$6,557,188$5,450,693$9,667,168
78$13,228,582$6,846,261$5,601,062$10,419,107
79$14,544,653$7,148,484$5,755,453$11,238,624
80$15,993,917$7,464,468$5,913,970$12,132,235
81$17,589,925$7,794,856$6,076,716$13,107,106
82$19,347,612$8,140,318$6,243,801$14,171,118
83$21,283,433$8,501,559$6,415,333$15,332,936
84$23,415,523$8,879,315$6,591,426$16,602,090
85$25,763,863$9,274,358$6,772,196$17,989,066
86$28,350,472$9,687,497$6,957,760$19,505,394
87$31,199,615$10,119,578$7,148,239$21,163,764
88$34,338,028$10,571,490$7,343,757$22,978,136
89$37,795,174$11,044,161$7,544,441$24,963,870
90$41,603,522$11,538,564$7,750,420$27,137,869
91$45,798,848$12,055,721$7,961,826$29,518,737
92$50,420,578$12,596,699$8,178,794$32,126,945
93$55,512,157$13,162,618$8,401,464$34,985,029
94$61,121,461$13,754,650$8,629,977$38,117,790
95$67,301,247$14,374,024$8,864,478$41,552,533
96$74,109,650$15,022,027$9,105,114$45,319,313
97$81,610,737$15,700,009$9,352,038$49,451,219
98$89,875,104$16,409,381$9,605,403$53,984,681
99$98,980,549$17,151,625$9,865,368$58,959,807
100$109,012,802$17,928,292$10,132,095$64,420,759