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%15.6%
1 years$322,058$319,190$316,391$313,659$310,991$303,844
2 years$159,435$156,466$153,588$150,798$148,091$140,929
3 years$105,234$102,252$99,381$96,617$93,955$87,003
4 years$78,139$75,166$72,324$69,607$67,010$60,321
5 years$61,886$58,931$56,127$53,465$50,940$44,533
6 years$51,055$48,122$45,359$42,757$40,307$34,188
7 years$43,321$40,412$37,693$35,153$32,780$26,951
8 years$37,523$34,641$31,967$29,489$27,194$21,653
9 years$33,016$30,161$27,533$25,118$22,902$17,643
10 years$29,412$26,586$24,004$21,652$19,513$14,532
11 years$26,466$23,668$21,133$18,843$16,782$12,072
12 years$24,013$21,243$18,755$16,528$14,543$10,096
13 years$21,938$19,197$16,756$14,592$12,682$8,489
14 years$20,161$17,450$15,055$12,953$11,117$7,170
15 years$18,623$15,941$13,593$11,552$9,788$6,079
16 years$17,278$14,625$12,324$10,343$8,651$5,169
17 years$16,093$13,469$11,214$9,294$7,670$4,407
18 years$15,041$12,446$10,237$8,375$6,820$3,765
19 years$14,100$11,535$9,372$7,568$6,079$3,222
20 years$13,255$10,719$8,601$6,854$5,430$2,762
21 years$12,491$9,984$7,911$6,221$4,859$2,371
22 years$11,797$9,320$7,291$5,656$4,355$2,037
23 years$11,165$8,717$6,732$5,151$3,910$1,752
24 years$10,586$8,167$6,226$4,698$3,514$1,508
25 years$10,055$7,664$5,767$4,290$3,162$1,299
26 years$9,565$7,203$5,348$3,923$2,848$1,119
27 years$9,112$6,779$4,966$3,591$2,568$965
28 years$8,692$6,388$4,617$3,290$2,317$833
29 years$8,302$6,026$4,296$3,017$2,092$719
30 years$7,939$5,691$4,002$2,769$1,891$620
31 years$7,599$5,380$3,731$2,543$1,709$536
32 years$7,282$5,091$3,481$2,337$1,546$463
33 years$6,984$4,821$3,250$2,149$1,399$400
34 years$6,705$4,569$3,037$1,977$1,267$345
35 years$6,442$4,334$2,839$1,820$1,147$299
36 years$6,194$4,113$2,656$1,676$1,040$258
37 years$5,960$3,907$2,486$1,545$942$223
38 years$5,739$3,713$2,328$1,424$854$193
39 years$5,530$3,531$2,181$1,313$775$167
40 years$5,332$3,359$2,044$1,211$703$144
41 years$5,144$3,197$1,917$1,117$637$125
42 years$4,965$3,045$1,798$1,031$578$108
43 years$4,795$2,901$1,687$952$525$93
44 years$4,634$2,766$1,584$879$477$81
45 years$4,480$2,637$1,487$812$433$70
46 years$4,333$2,516$1,397$750$393$60
47 years$4,193$2,401$1,312$693$357$52
48 years$4,059$2,292$1,233$640$324$45
49 years$3,930$2,189$1,159$591$294$39
50 years$3,808$2,091$1,090$547$267$34

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 $4,771 every year, while hoping to spend $41,613 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: 76/18/6 Blend
65$3,900,000$3,900,000$3,900,000$3,900,000
66$4,302,721$4,096,021$4,035,571$4,626,837
67$4,697,323$4,252,450$4,126,487$4,996,845
68$5,130,779$4,415,150$4,219,054$5,396,457
69$5,607,010$4,584,383$4,313,283$5,833,235
70$6,130,331$4,760,425$4,409,185$6,310,845
71$6,705,501$4,943,562$4,506,768$6,833,328
72$7,337,760$5,134,093$4,606,042$7,405,129
73$8,032,880$5,332,333$4,707,013$8,031,142
74$8,797,222$5,538,605$4,809,687$8,716,758
75$9,637,795$5,753,253$4,914,067$9,467,910
76$10,562,318$5,976,631$5,020,157$10,291,131
77$11,579,299$6,209,110$5,127,957$11,193,618
78$12,698,111$6,451,079$5,237,466$12,183,292
79$13,929,079$6,702,943$5,348,683$13,268,879
80$15,283,582$6,965,125$5,461,601$14,459,989
81$16,774,158$7,238,067$5,576,215$15,767,204
82$18,414,620$7,522,229$5,692,515$17,202,181
83$20,220,187$7,818,095$5,810,491$18,777,757
84$22,207,632$8,126,167$5,930,128$20,508,073
85$24,395,433$8,446,972$6,051,410$22,408,705
86$26,803,952$8,781,059$6,174,318$24,496,807
87$29,455,627$9,129,002$6,298,828$26,791,279
88$32,375,178$9,491,401$6,424,917$29,312,938
89$35,589,849$9,868,882$6,552,554$32,084,716
90$39,129,657$10,262,101$6,681,708$35,131,876
91$43,027,680$10,671,741$6,812,343$38,482,248
92$47,320,364$11,098,518$6,944,417$42,166,491
93$52,047,874$11,543,178$7,077,888$46,218,380
94$57,254,467$12,006,503$7,212,707$50,675,126
95$62,988,909$12,489,308$7,348,819$55,577,725
96$69,304,941$12,992,448$7,486,168$60,971,342
97$76,261,780$13,516,813$7,624,690$66,905,737
98$83,924,681$14,063,335$7,764,316$73,435,734
99$92,365,549$14,632,989$7,904,971$80,621,736
100$101,663,623$15,226,794$8,046,576$88,530,295