Can I retire at age 66 with 4,200,000?

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 $4,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$346,832$343,743$340,729$337,787$334,914$332,525
2 years$171,699$168,501$165,402$162,397$159,483$157,073
3 years$113,329$110,117$107,026$104,050$101,182$98,828
4 years$84,150$80,948$77,888$74,962$72,164$69,882
5 years$66,647$63,464$60,444$57,578$54,858$52,656
6 years$54,982$51,823$48,848$46,046$43,407$41,287
7 years$46,653$43,521$40,593$37,857$35,302$33,265
8 years$40,409$37,306$34,426$31,757$29,286$27,333
9 years$35,556$32,481$29,651$27,050$24,663$22,792
10 years$31,675$28,631$25,850$23,317$21,014$19,225
11 years$28,502$25,488$22,758$20,293$18,073$16,365
12 years$25,860$22,877$20,197$17,800$15,662$14,032
13 years$23,626$20,674$18,045$15,714$13,657$12,105
14 years$21,712$18,792$16,214$13,950$11,972$10,495
15 years$20,056$17,167$14,639$12,441$10,541$9,138
16 years$18,608$15,750$13,272$11,139$9,316$7,984
17 years$17,331$14,505$12,077$10,008$8,260$6,997
18 years$16,198$13,404$11,025$9,020$7,345$6,149
19 years$15,185$12,422$10,093$8,150$6,547$5,415
20 years$14,274$11,543$9,263$7,381$5,847$4,778
21 years$13,452$10,752$8,520$6,699$5,233$4,223
22 years$12,705$10,037$7,852$6,091$4,690$3,738
23 years$12,024$9,387$7,250$5,547$4,210$3,313
24 years$11,401$8,795$6,705$5,059$3,784$2,940
25 years$10,828$8,254$6,210$4,621$3,405$2,612
26 years$10,301$7,757$5,760$4,225$3,067$2,322
27 years$9,813$7,301$5,348$3,867$2,766$2,066
28 years$9,361$6,879$4,972$3,543$2,495$1,839
29 years$8,941$6,490$4,627$3,249$2,253$1,638
30 years$8,549$6,129$4,310$2,982$2,036$1,460
31 years$8,184$5,794$4,018$2,739$1,841$1,302
32 years$7,842$5,482$3,749$2,517$1,665$1,162
33 years$7,522$5,192$3,500$2,314$1,507$1,037
34 years$7,221$4,921$3,270$2,129$1,364$926
35 years$6,937$4,667$3,058$1,960$1,236$827
36 years$6,671$4,430$2,860$1,805$1,120$738
37 years$6,419$4,207$2,677$1,663$1,015$660
38 years$6,181$3,998$2,507$1,533$920$590
39 years$5,956$3,802$2,349$1,414$834$527
40 years$5,742$3,617$2,202$1,304$757$471
41 years$5,540$3,443$2,064$1,203$687$421
42 years$5,347$3,279$1,937$1,110$623$377
43 years$5,164$3,125$1,817$1,025$565$337
44 years$4,990$2,978$1,706$946$513$301
45 years$4,824$2,840$1,602$874$466$270
46 years$4,666$2,709$1,504$807$423$241
47 years$4,515$2,586$1,413$746$384$216
48 years$4,371$2,468$1,328$689$349$193
49 years$4,233$2,357$1,248$637$317$173
50 years$4,101$2,252$1,174$589$288$155

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $4,200,000, adding $4,333 every year, while hoping to spend $22,777 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: 77/9/14 Blend
65$4,200,000$4,200,000$4,200,000$4,200,000
66$4,632,869$4,410,269$4,345,169$4,975,859
67$5,081,188$4,602,138$4,466,498$5,394,460
68$5,574,471$4,802,645$4,591,128$5,850,060
69$6,117,281$5,012,189$4,719,145$6,349,032
70$6,714,647$5,231,189$4,850,639$6,895,693
71$7,372,105$5,460,082$4,985,700$7,494,798
72$8,095,760$5,699,326$5,124,421$8,151,582
73$8,892,337$5,949,402$5,266,898$8,871,812
74$9,769,244$6,210,812$5,413,229$9,661,836
75$10,734,648$6,484,083$5,563,513$10,528,647
76$11,797,545$6,769,765$5,717,853$11,479,946
77$12,967,848$7,068,437$5,876,355$12,524,215
78$14,256,481$7,380,703$6,039,125$13,670,795
79$15,675,480$7,707,196$6,206,274$14,929,976
80$17,238,110$8,048,580$6,377,915$16,313,092
81$18,958,986$8,405,549$6,554,164$17,832,627
82$20,854,213$8,778,831$6,735,139$19,502,332
83$22,941,537$9,169,188$6,920,960$21,337,357
84$25,240,514$9,577,419$7,111,753$23,354,388
85$27,772,694$10,004,360$7,307,644$25,571,808
86$30,561,822$10,450,886$7,508,763$28,009,868
87$33,634,065$10,917,917$7,715,244$30,690,878
88$37,018,257$11,406,412$7,927,222$33,639,415
89$40,746,173$11,917,380$8,144,838$36,882,556
90$44,852,826$12,451,875$8,368,233$40,450,132
91$49,376,799$13,011,002$8,597,554$44,375,009
92$54,360,611$13,595,919$8,832,950$48,693,395
93$59,851,113$14,207,839$9,074,574$53,445,183
94$65,899,938$14,848,034$9,322,583$58,674,328
95$72,563,979$15,517,835$9,577,137$64,429,255
96$79,905,932$16,218,637$9,838,399$70,763,320
97$87,994,889$16,951,902$10,106,537$77,735,312
98$96,906,983$17,719,161$10,381,722$85,410,004
99$106,726,115$18,522,019$10,664,129$93,858,764
100$117,544,738$19,362,157$10,953,936$103,160,229