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%12.8%
1 years$330,316$327,374$324,503$321,702$318,966$315,241
2 years$163,523$160,477$157,526$154,664$151,888$148,140
3 years$107,932$104,874$101,930$99,095$96,364$92,708
4 years$80,143$77,093$74,179$71,392$68,728$65,191
5 years$63,473$60,442$57,566$54,836$52,246$48,840
6 years$52,364$49,356$46,522$43,853$41,340$38,069
7 years$44,431$41,449$38,660$36,054$33,621$30,485
8 years$38,485$35,529$32,787$30,245$27,892$24,892
9 years$33,863$30,935$28,239$25,762$23,489$20,624
10 years$30,167$27,267$24,619$22,207$20,014$17,281
11 years$27,145$24,274$21,675$19,327$17,212$14,610
12 years$24,628$21,787$19,236$16,952$14,916$12,441
13 years$22,501$19,689$17,186$14,966$13,007$10,657
14 years$20,678$17,897$15,441$13,285$11,402$9,172
15 years$19,101$16,349$13,942$11,848$10,039$7,927
16 years$17,722$15,000$12,640$10,609$8,873$6,874
17 years$16,506$13,815$11,502$9,532$7,867$5,979
18 years$15,426$12,765$10,500$8,590$6,995$5,213
19 years$14,462$11,831$9,612$7,762$6,235$4,554
20 years$13,595$10,994$8,821$7,030$5,569$3,986
21 years$12,811$10,240$8,114$6,380$4,984$3,495
22 years$12,100$9,559$7,478$5,801$4,467$3,068
23 years$11,451$8,940$6,905$5,283$4,010$2,697
24 years$10,858$8,376$6,386$4,818$3,604$2,373
25 years$10,313$7,861$5,915$4,400$3,243$2,090
26 years$9,810$7,388$5,486$4,024$2,921$1,842
27 years$9,346$6,953$5,094$3,683$2,634$1,624
28 years$8,915$6,552$4,735$3,374$2,377$1,433
29 years$8,515$6,181$4,407$3,094$2,146$1,266
30 years$8,142$5,837$4,105$2,840$1,939$1,118
31 years$7,794$5,518$3,827$2,608$1,753$988
32 years$7,469$5,221$3,570$2,397$1,586$874
33 years$7,163$4,945$3,334$2,204$1,435$772
34 years$6,877$4,686$3,115$2,028$1,299$683
35 years$6,607$4,445$2,912$1,867$1,177$605
36 years$6,353$4,219$2,724$1,719$1,066$535
37 years$6,113$4,007$2,550$1,584$966$474
38 years$5,886$3,808$2,388$1,460$876$419
39 years$5,672$3,621$2,237$1,346$795$371
40 years$5,469$3,445$2,097$1,242$721$329
41 years$5,276$3,279$1,966$1,146$654$291
42 years$5,093$3,123$1,844$1,057$593$258
43 years$4,918$2,976$1,731$976$538$229
44 years$4,753$2,837$1,624$901$489$203
45 years$4,595$2,705$1,525$832$444$179
46 years$4,444$2,580$1,433$769$403$159
47 years$4,300$2,462$1,346$710$366$141
48 years$4,163$2,351$1,265$656$332$125
49 years$4,031$2,245$1,189$607$302$111
50 years$3,905$2,144$1,118$561$274$98

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 $6,310 every year, while hoping to spend $23,336 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: 28/42/30 Blend
65$4,000,000$4,000,000$4,000,000$4,000,000
66$4,414,509$4,202,509$4,140,509$4,497,062
67$4,839,959$4,383,602$4,254,386$4,745,288
68$5,308,024$4,572,787$4,371,297$5,009,359
69$5,823,024$4,770,436$4,491,317$5,292,607
70$6,389,722$4,976,937$4,614,526$5,596,698
71$7,013,365$5,192,698$4,741,004$5,923,455
72$7,699,734$5,418,146$4,870,833$6,274,875
73$8,455,199$5,653,728$5,004,099$6,653,147
74$9,286,780$5,899,911$5,140,886$7,060,669
75$10,202,210$6,157,185$5,281,285$7,500,072
76$11,210,012$6,426,063$5,425,384$7,974,239
77$12,319,575$6,707,083$5,573,277$8,486,333
78$13,541,248$7,000,805$5,725,057$9,039,824
79$14,886,431$7,307,821$5,880,822$9,638,518
80$16,367,688$7,628,745$6,040,671$10,286,596
81$17,998,862$7,964,224$6,204,704$10,988,644
82$19,795,209$8,314,934$6,373,024$11,749,700
83$21,773,538$8,681,583$6,545,738$12,575,295
84$23,952,372$9,064,914$6,722,953$13,471,505
85$26,352,122$9,465,702$6,904,780$14,445,005
86$28,995,279$9,884,763$7,091,331$15,503,129
87$31,906,629$10,322,947$7,282,722$16,653,934
88$35,113,482$10,781,148$7,479,070$17,906,279
89$38,645,934$11,260,301$7,680,496$19,269,898
90$42,537,148$11,761,385$7,887,121$20,755,495
91$46,823,671$12,285,426$8,099,073$22,374,836
92$51,545,772$12,833,499$8,316,479$24,140,862
93$56,747,829$13,406,729$8,539,469$26,067,801
94$62,478,744$14,006,295$8,768,178$28,171,304
95$68,792,406$14,633,433$9,002,742$30,468,585
96$75,748,197$15,289,437$9,243,300$32,978,582
97$83,411,557$15,975,663$9,489,994$35,722,127
98$91,854,596$16,693,531$9,742,969$38,722,141
99$101,156,779$17,444,529$10,002,373$42,003,847
100$111,405,675$18,230,215$10,268,357$45,594,997