Can I retire at age 66 with 4,000,000?

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 $4,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$330,316$327,374$324,503$321,702$318,966$307,404
2 years$163,523$160,477$157,526$154,664$151,888$140,367
3 years$107,932$104,874$101,930$99,095$96,364$85,246
4 years$80,143$77,093$74,179$71,392$68,728$58,097
5 years$63,473$60,442$57,566$54,836$52,246$42,130
6 years$52,364$49,356$46,522$43,853$41,340$31,747
7 years$44,431$41,449$38,660$36,054$33,621$24,548
8 years$38,485$35,529$32,787$30,245$27,892$19,331
9 years$33,863$30,935$28,239$25,762$23,489$15,429
10 years$30,167$27,267$24,619$22,207$20,014$12,441
11 years$27,145$24,274$21,675$19,327$17,212$10,111
12 years$24,628$21,787$19,236$16,952$14,916$8,268
13 years$22,501$19,689$17,186$14,966$13,007$6,794
14 years$20,678$17,897$15,441$13,285$11,402$5,605
15 years$19,101$16,349$13,942$11,848$10,039$4,639
16 years$17,722$15,000$12,640$10,609$8,873$3,850
17 years$16,506$13,815$11,502$9,532$7,867$3,201
18 years$15,426$12,765$10,500$8,590$6,995$2,667
19 years$14,462$11,831$9,612$7,762$6,235$2,225
20 years$13,595$10,994$8,821$7,030$5,569$1,858
21 years$12,811$10,240$8,114$6,380$4,984$1,554
22 years$12,100$9,559$7,478$5,801$4,467$1,300
23 years$11,451$8,940$6,905$5,283$4,010$1,089
24 years$10,858$8,376$6,386$4,818$3,604$912
25 years$10,313$7,861$5,915$4,400$3,243$765
26 years$9,810$7,388$5,486$4,024$2,921$641
27 years$9,346$6,953$5,094$3,683$2,634$538
28 years$8,915$6,552$4,735$3,374$2,377$451
29 years$8,515$6,181$4,407$3,094$2,146$379
30 years$8,142$5,837$4,105$2,840$1,939$318
31 years$7,794$5,518$3,827$2,608$1,753$267
32 years$7,469$5,221$3,570$2,397$1,586$224
33 years$7,163$4,945$3,334$2,204$1,435$188
34 years$6,877$4,686$3,115$2,028$1,299$158
35 years$6,607$4,445$2,912$1,867$1,177$133
36 years$6,353$4,219$2,724$1,719$1,066$112
37 years$6,113$4,007$2,550$1,584$966$94
38 years$5,886$3,808$2,388$1,460$876$79
39 years$5,672$3,621$2,237$1,346$795$66
40 years$5,469$3,445$2,097$1,242$721$56
41 years$5,276$3,279$1,966$1,146$654$47
42 years$5,093$3,123$1,844$1,057$593$39
43 years$4,918$2,976$1,731$976$538$33
44 years$4,753$2,837$1,624$901$489$28
45 years$4,595$2,705$1,525$832$444$23
46 years$4,444$2,580$1,433$769$403$20
47 years$4,300$2,462$1,346$710$366$16
48 years$4,163$2,351$1,265$656$332$14
49 years$4,031$2,245$1,189$607$302$12
50 years$3,905$2,144$1,118$561$274$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $4,000,000, adding $3,388 every year, while hoping to spend $51,329 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: 49/43/8 Blend
65$4,000,000$4,000,000$4,000,000$4,000,000
66$4,411,495$4,199,495$4,137,495$4,618,215
67$4,806,854$4,350,656$4,221,487$4,911,115
68$5,240,819$4,507,504$4,306,573$5,223,358
69$5,717,274$4,670,264$4,392,735$5,561,305
70$6,240,497$4,839,168$4,479,952$5,927,368
71$6,815,200$5,014,460$4,568,204$6,324,202
72$7,446,576$5,196,394$4,657,464$6,754,721
73$8,140,343$5,385,234$4,747,706$7,222,131
74$8,902,803$5,581,255$4,838,898$7,729,955
75$9,740,896$5,784,743$4,931,008$8,282,069
76$10,662,269$5,995,997$5,023,999$8,882,734
77$11,675,348$6,215,329$5,117,831$9,536,636
78$12,789,416$6,443,062$5,212,460$10,248,931
79$14,014,699$6,679,535$5,307,840$11,025,289
80$15,362,464$6,925,098$5,403,919$11,871,950
81$16,845,127$7,180,120$5,500,642$12,795,778
82$18,476,366$7,444,982$5,597,949$13,804,326
83$20,271,252$7,720,082$5,695,777$14,905,909
84$22,246,391$8,005,837$5,794,057$16,109,674
85$24,420,079$8,302,679$5,892,714$17,425,690
86$26,812,477$8,611,060$5,991,669$18,865,042
87$29,445,798$8,931,451$6,090,839$20,439,930
88$32,344,519$9,264,342$6,190,132$22,163,783
89$35,535,610$9,610,245$6,289,451$24,051,390
90$39,048,789$9,969,693$6,388,694$26,119,029
91$42,916,801$10,343,244$6,487,751$28,384,625
92$47,175,729$10,731,477$6,586,505$30,867,913
93$51,865,332$11,134,999$6,684,832$33,590,627
94$57,029,422$11,554,439$6,782,600$36,576,696
95$62,716,274$11,990,458$6,879,668$39,852,477
96$68,979,086$12,443,742$6,975,889$43,446,990
97$75,876,476$12,915,008$7,071,104$47,392,201
98$83,473,037$13,405,005$7,165,147$51,723,312
99$91,839,948$13,914,511$7,257,841$56,479,095
100$101,055,643$14,444,342$7,348,998$61,702,256