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%13.4%
1 years$330,316$327,374$324,503$321,702$318,966$314,459
2 years$163,523$160,477$157,526$154,664$151,888$147,356
3 years$107,932$104,874$101,930$99,095$96,364$91,948
4 years$80,143$77,093$74,179$71,392$68,728$64,462
5 years$63,473$60,442$57,566$54,836$52,246$48,142
6 years$52,364$49,356$46,522$43,853$41,340$37,404
7 years$44,431$41,449$38,660$36,054$33,621$29,852
8 years$38,485$35,529$32,787$30,245$27,892$24,291
9 years$33,863$30,935$28,239$25,762$23,489$20,055
10 years$30,167$27,267$24,619$22,207$20,014$16,743
11 years$27,145$24,274$21,675$19,327$17,212$14,103
12 years$24,628$21,787$19,236$16,952$14,916$11,963
13 years$22,501$19,689$17,186$14,966$13,007$10,207
14 years$20,678$17,897$15,441$13,285$11,402$8,750
15 years$19,101$16,349$13,942$11,848$10,039$7,532
16 years$17,722$15,000$12,640$10,609$8,873$6,504
17 years$16,506$13,815$11,502$9,532$7,867$5,633
18 years$15,426$12,765$10,500$8,590$6,995$4,890
19 years$14,462$11,831$9,612$7,762$6,235$4,254
20 years$13,595$10,994$8,821$7,030$5,569$3,707
21 years$12,811$10,240$8,114$6,380$4,984$3,235
22 years$12,100$9,559$7,478$5,801$4,467$2,827
23 years$11,451$8,940$6,905$5,283$4,010$2,474
24 years$10,858$8,376$6,386$4,818$3,604$2,166
25 years$10,313$7,861$5,915$4,400$3,243$1,899
26 years$9,810$7,388$5,486$4,024$2,921$1,666
27 years$9,346$6,953$5,094$3,683$2,634$1,462
28 years$8,915$6,552$4,735$3,374$2,377$1,284
29 years$8,515$6,181$4,407$3,094$2,146$1,128
30 years$8,142$5,837$4,105$2,840$1,939$992
31 years$7,794$5,518$3,827$2,608$1,753$872
32 years$7,469$5,221$3,570$2,397$1,586$767
33 years$7,163$4,945$3,334$2,204$1,435$675
34 years$6,877$4,686$3,115$2,028$1,299$594
35 years$6,607$4,445$2,912$1,867$1,177$523
36 years$6,353$4,219$2,724$1,719$1,066$461
37 years$6,113$4,007$2,550$1,584$966$406
38 years$5,886$3,808$2,388$1,460$876$357
39 years$5,672$3,621$2,237$1,346$795$315
40 years$5,469$3,445$2,097$1,242$721$277
41 years$5,276$3,279$1,966$1,146$654$244
42 years$5,093$3,123$1,844$1,057$593$215
43 years$4,918$2,976$1,731$976$538$190
44 years$4,753$2,837$1,624$901$489$167
45 years$4,595$2,705$1,525$832$444$147
46 years$4,444$2,580$1,433$769$403$130
47 years$4,300$2,462$1,346$710$366$115
48 years$4,163$2,351$1,265$656$332$101
49 years$4,031$2,245$1,189$607$302$89
50 years$3,905$2,144$1,118$561$274$78

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 $2,323 every year, while hoping to spend $22,577 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: 48/36/16 Blend
65$4,000,000$4,000,000$4,000,000$4,000,000
66$4,410,396$4,198,396$4,136,396$4,602,228
67$4,836,235$4,380,096$4,250,944$4,916,939
68$5,304,752$4,569,942$4,368,572$5,255,965
69$5,820,278$4,768,310$4,489,360$5,623,599
70$6,387,582$4,975,593$4,613,390$6,022,526
71$7,011,921$5,192,203$4,740,744$6,455,696
72$7,699,086$5,418,570$4,871,507$6,926,348
73$8,455,458$5,655,145$5,005,768$7,438,044
74$9,288,069$5,902,401$5,143,615$7,994,695
75$10,204,665$6,160,832$5,285,140$8,600,602
76$11,213,785$6,430,957$5,430,436$9,260,492
77$12,324,835$6,713,317$5,579,599$9,979,561
78$13,548,179$7,008,481$5,732,727$10,763,523
79$14,895,241$7,317,044$5,889,921$11,618,661
80$16,378,605$7,639,629$6,051,283$12,551,884
81$18,012,140$7,976,888$6,216,918$13,570,792
82$19,811,127$8,329,504$6,386,934$14,683,744
83$21,792,406$8,698,194$6,561,440$15,899,936
84$23,974,533$9,083,707$6,740,549$17,229,486
85$26,377,954$9,486,828$6,924,377$18,683,524
86$29,025,203$9,908,379$7,113,040$20,274,300
87$31,941,106$10,349,222$7,306,660$22,015,291
88$35,153,025$10,810,260$7,505,359$23,921,332
89$38,691,107$11,292,437$7,709,263$26,008,748
90$42,588,578$11,796,744$7,918,500$28,295,507
91$46,882,046$12,324,217$8,133,203$30,801,390
92$51,611,855$12,875,944$8,353,506$33,548,167
93$56,822,461$13,453,063$8,579,545$36,559,809
94$62,562,854$14,056,765$8,811,463$39,862,701
95$68,887,020$14,688,301$9,049,401$43,485,896
96$75,854,447$15,348,979$9,293,507$47,461,380
97$83,530,691$16,040,170$9,543,930$51,824,372
98$91,987,994$16,763,310$9,800,824$56,613,651
99$101,305,963$17,519,906$10,064,345$61,871,923
100$111,572,323$18,311,533$10,334,653$67,646,212