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

Use the below retirement simulation to view the chances of a successful retirement.
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%19.4%
1 years$346,832$343,743$340,729$337,787$334,914$322,262
2 years$171,699$168,501$165,402$162,397$159,483$146,883
3 years$113,329$110,117$107,026$104,050$101,182$89,032
4 years$84,150$80,948$77,888$74,962$72,164$60,555
5 years$66,647$63,464$60,444$57,578$54,858$43,820
6 years$54,982$51,823$48,848$46,046$43,407$32,948
7 years$46,653$43,521$40,593$37,857$35,302$25,418
8 years$40,409$37,306$34,426$31,757$29,286$19,969
9 years$35,556$32,481$29,651$27,050$24,663$15,899
10 years$31,675$28,631$25,850$23,317$21,014$12,788
11 years$28,502$25,488$22,758$20,293$18,073$10,365
12 years$25,860$22,877$20,197$17,800$15,662$8,454
13 years$23,626$20,674$18,045$15,714$13,657$6,928
14 years$21,712$18,792$16,214$13,950$11,972$5,700
15 years$20,056$17,167$14,639$12,441$10,541$4,704
16 years$18,608$15,750$13,272$11,139$9,316$3,892
17 years$17,331$14,505$12,077$10,008$8,260$3,227
18 years$16,198$13,404$11,025$9,020$7,345$2,680
19 years$15,185$12,422$10,093$8,150$6,547$2,229
20 years$14,274$11,543$9,263$7,381$5,847$1,856
21 years$13,452$10,752$8,520$6,699$5,233$1,547
22 years$12,705$10,037$7,852$6,091$4,690$1,291
23 years$12,024$9,387$7,250$5,547$4,210$1,077
24 years$11,401$8,795$6,705$5,059$3,784$900
25 years$10,828$8,254$6,210$4,621$3,405$752
26 years$10,301$7,757$5,760$4,225$3,067$628
27 years$9,813$7,301$5,348$3,867$2,766$525
28 years$9,361$6,879$4,972$3,543$2,495$439
29 years$8,941$6,490$4,627$3,249$2,253$368
30 years$8,549$6,129$4,310$2,982$2,036$308
31 years$8,184$5,794$4,018$2,739$1,841$257
32 years$7,842$5,482$3,749$2,517$1,665$215
33 years$7,522$5,192$3,500$2,314$1,507$180
34 years$7,221$4,921$3,270$2,129$1,364$151
35 years$6,937$4,667$3,058$1,960$1,236$126
36 years$6,671$4,430$2,860$1,805$1,120$106
37 years$6,419$4,207$2,677$1,663$1,015$89
38 years$6,181$3,998$2,507$1,533$920$74
39 years$5,956$3,802$2,349$1,414$834$62
40 years$5,742$3,617$2,202$1,304$757$52
41 years$5,540$3,443$2,064$1,203$687$44
42 years$5,347$3,279$1,937$1,110$623$36
43 years$5,164$3,125$1,817$1,025$565$31
44 years$4,990$2,978$1,706$946$513$26
45 years$4,824$2,840$1,602$874$466$21
46 years$4,666$2,709$1,504$807$423$18
47 years$4,515$2,586$1,413$746$384$15
48 years$4,371$2,468$1,328$689$349$13
49 years$4,233$2,357$1,248$637$317$11
50 years$4,101$2,252$1,174$589$288$9

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 $4,813 every year, while hoping to spend $21,348 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: 60/11/29 Blend
65$4,200,000$4,200,000$4,200,000$4,200,000
66$4,633,365$4,410,765$4,345,665$4,874,621
67$5,083,254$4,604,178$4,468,530$5,233,342
68$5,578,316$4,806,353$4,594,796$5,621,905
69$6,123,137$5,017,697$4,724,554$6,045,474
70$6,722,768$5,238,635$4,857,898$6,507,467
71$7,382,776$5,469,614$4,994,924$7,011,646
72$8,109,295$5,711,101$5,135,729$7,562,149
73$8,909,083$5,963,585$5,280,417$8,163,532
74$9,789,588$6,227,579$5,429,089$8,820,809
75$10,759,015$6,503,620$5,581,853$9,539,500
76$11,826,408$6,792,270$5,738,818$10,325,682
77$13,001,728$7,094,118$5,900,095$11,186,043
78$14,295,955$7,409,781$6,065,799$12,127,949
79$15,721,187$7,739,905$6,236,048$13,159,508
80$17,290,755$8,085,166$6,410,962$14,289,650
81$19,019,347$8,446,275$6,590,665$15,528,205
82$20,923,152$8,823,974$6,775,283$16,886,000
83$23,020,005$9,219,041$6,964,947$18,374,959
84$25,329,563$9,632,290$7,159,790$20,008,210
85$27,873,482$10,064,577$7,359,947$21,800,214
86$30,675,632$10,516,795$7,565,559$23,766,897
87$33,762,310$10,989,882$7,776,770$25,925,799
88$37,162,500$11,484,821$7,993,725$28,296,242
89$40,908,136$12,002,638$8,216,577$30,899,504
90$45,034,412$12,544,413$8,445,478$33,759,027
91$49,580,108$13,111,275$8,680,587$36,900,628
92$54,587,958$13,704,408$8,922,066$40,352,750
93$60,105,056$14,325,050$9,170,082$44,146,724
94$66,183,296$14,974,500$9,424,803$48,317,062
95$72,879,862$15,654,121$9,686,404$52,901,785
96$80,257,773$16,365,339$9,955,064$57,942,779
97$88,386,473$17,109,647$10,230,965$63,486,187
98$97,342,486$17,888,612$10,514,295$69,582,844
99$107,210,140$18,703,875$10,805,245$76,288,755
100$118,082,365$19,557,156$11,104,012$83,665,622