Can I retire at age 66 with 4,300,000?

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 $4,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$355,090$351,927$348,841$345,829$342,888$333,114
2 years$175,787$172,513$169,340$166,264$163,280$153,509
3 years$116,027$112,739$109,574$106,527$103,592$94,129
4 years$86,153$82,875$79,742$76,747$73,882$64,802
5 years$68,234$64,975$61,883$58,949$56,164$47,490
6 years$56,291$53,057$50,011$47,142$44,441$36,181
7 years$47,764$44,557$41,559$38,758$36,142$28,297
8 years$41,371$38,194$35,245$32,513$29,984$22,548
9 years$36,402$33,255$30,357$27,694$25,250$18,218
10 years$32,429$29,312$26,466$23,872$21,515$14,876
11 years$29,181$26,095$23,300$20,776$18,503$12,247
12 years$26,475$23,422$20,678$18,223$16,035$10,149
13 years$24,188$21,166$18,475$16,089$13,982$8,454
14 years$22,229$19,239$16,600$14,282$12,257$7,072
15 years$20,533$17,576$14,987$12,737$10,792$5,937
16 years$19,051$16,125$13,588$11,404$9,538$4,998
17 years$17,744$14,851$12,365$10,247$8,457$4,218
18 years$16,583$13,723$11,287$9,234$7,520$3,566
19 years$15,546$12,718$10,333$8,344$6,702$3,020
20 years$14,614$11,818$9,483$7,557$5,987$2,562
21 years$13,772$11,008$8,723$6,859$5,357$2,175
22 years$13,007$10,276$8,039$6,236$4,802$1,849
23 years$12,310$9,611$7,423$5,679$4,311$1,573
24 years$11,672$9,005$6,865$5,180$3,875$1,339
25 years$11,086$8,450$6,358$4,731$3,487$1,140
26 years$10,546$7,942$5,897$4,325$3,141$972
27 years$10,047$7,474$5,476$3,959$2,831$829
28 years$9,584$7,043$5,090$3,627$2,555$707
29 years$9,154$6,644$4,737$3,326$2,307$603
30 years$8,753$6,275$4,412$3,053$2,085$515
31 years$8,379$5,932$4,114$2,804$1,885$439
32 years$8,029$5,613$3,838$2,577$1,705$375
33 years$7,701$5,315$3,584$2,369$1,543$320
34 years$7,393$5,038$3,348$2,180$1,397$273
35 years$7,103$4,778$3,130$2,007$1,265$234
36 years$6,829$4,535$2,928$1,848$1,146$199
37 years$6,572$4,307$2,741$1,703$1,039$170
38 years$6,328$4,094$2,567$1,570$942$146
39 years$6,097$3,893$2,405$1,447$854$124
40 years$5,879$3,704$2,254$1,335$775$106
41 years$5,671$3,525$2,114$1,232$703$91
42 years$5,475$3,357$1,983$1,137$638$78
43 years$5,287$3,199$1,860$1,049$579$66
44 years$5,109$3,049$1,746$969$525$57
45 years$4,939$2,908$1,640$895$477$48
46 years$4,777$2,774$1,540$826$433$41
47 years$4,623$2,647$1,447$764$393$35
48 years$4,475$2,527$1,360$706$357$30
49 years$4,334$2,413$1,278$652$324$26
50 years$4,198$2,305$1,202$603$295$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $4,300,000, adding $5,721 every year, while hoping to spend $38,977 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: 46/32/22 Blend
65$4,300,000$4,300,000$4,300,000$4,300,000
66$4,744,501$4,516,601$4,449,951$4,932,588
67$5,186,969$4,696,443$4,557,553$5,245,033
68$5,673,262$4,883,792$4,667,454$5,579,513
69$6,207,810$5,078,972$4,779,688$5,941,618
70$6,795,492$5,282,327$4,894,293$6,333,942
71$7,441,683$5,494,212$5,011,303$6,759,340
72$8,152,307$5,715,001$5,130,754$7,220,947
73$8,933,889$5,945,083$5,252,681$7,722,210
74$9,793,620$6,184,865$5,377,120$8,266,918
75$10,739,419$6,434,774$5,504,103$8,859,238
76$11,780,016$6,695,254$5,633,667$9,503,752
77$12,925,027$6,966,771$5,765,844$10,205,497
78$14,185,047$7,249,810$5,900,667$10,970,017
79$15,571,752$7,544,881$6,038,170$11,803,407
80$17,098,006$7,852,516$6,178,384$12,712,376
81$18,777,983$8,173,269$6,321,340$13,704,300
82$20,627,300$8,507,722$6,467,068$14,787,301
83$22,663,168$8,856,484$6,615,598$15,970,312
84$24,904,549$9,220,189$6,766,958$17,263,166
85$27,372,337$9,599,502$6,921,175$18,676,685
86$30,089,556$9,995,119$7,078,276$20,222,778
87$33,081,577$10,407,766$7,238,284$21,914,556
88$36,376,355$10,838,204$7,401,224$23,766,452
89$40,004,695$11,287,228$7,567,116$25,794,353
90$44,000,541$11,755,669$7,735,982$28,015,749
91$48,401,298$12,244,398$7,907,839$30,449,899
92$53,248,181$12,754,325$8,082,702$33,118,005
93$58,586,610$13,286,401$8,260,588$36,043,413
94$64,466,634$13,841,624$8,441,506$39,251,831
95$70,943,401$14,421,034$8,625,467$42,771,569
96$78,077,686$15,025,723$8,812,478$46,633,801
97$85,936,456$15,656,830$9,002,543$50,872,858
98$94,593,509$16,315,548$9,195,662$55,526,552
99$104,130,164$17,003,128$9,391,834$60,636,522
100$114,636,034$17,720,874$9,591,054$66,248,634