Can I retire at age 66 with 4,400,000?

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 $4,400,000?

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$363,348$360,111$356,954$353,872$350,862$348,359
2 years$179,875$176,525$173,278$170,131$167,077$164,553
3 years$118,726$115,361$112,123$109,004$106,001$103,534
4 years$88,157$84,803$81,597$78,531$75,601$73,210
5 years$69,820$66,486$63,322$60,320$57,470$55,163
6 years$57,600$54,291$51,174$48,238$45,474$43,253
7 years$48,875$45,594$42,526$39,659$36,983$34,849
8 years$42,334$39,082$36,065$33,269$30,681$28,634
9 years$37,249$34,028$31,063$28,338$25,838$23,878
10 years$33,183$29,994$27,081$24,428$22,015$20,141
11 years$29,859$26,702$23,842$21,259$18,934$17,144
12 years$27,091$23,966$21,159$18,647$16,407$14,700
13 years$24,751$21,658$18,904$16,463$14,308$12,682
14 years$22,746$19,687$16,986$14,614$12,542$10,995
15 years$21,011$17,984$15,336$13,033$11,043$9,573
16 years$19,494$16,500$13,904$11,670$9,760$8,364
17 years$18,156$15,196$12,652$10,485$8,654$7,331
18 years$16,969$14,042$11,550$9,449$7,694$6,441
19 years$15,908$13,014$10,573$8,538$6,858$5,673
20 years$14,954$12,093$9,704$7,733$6,126$5,006
21 years$14,092$11,264$8,925$7,018$5,482$4,424
22 years$13,310$10,515$8,226$6,381$4,914$3,916
23 years$12,597$9,834$7,595$5,811$4,411$3,471
24 years$11,944$9,214$7,024$5,300$3,965$3,080
25 years$11,344$8,647$6,506$4,841$3,568$2,736
26 years$10,791$8,127$6,034$4,426$3,214$2,432
27 years$10,280$7,648$5,603$4,051$2,897$2,164
28 years$9,807$7,207$5,209$3,712$2,614$1,927
29 years$9,367$6,799$4,847$3,404$2,361$1,716
30 years$8,956$6,421$4,515$3,124$2,133$1,530
31 years$8,574$6,070$4,209$2,869$1,928$1,364
32 years$8,216$5,743$3,927$2,637$1,744$1,217
33 years$7,880$5,439$3,667$2,425$1,579$1,086
34 years$7,564$5,155$3,426$2,231$1,429$970
35 years$7,268$4,889$3,203$2,054$1,295$866
36 years$6,988$4,641$2,997$1,891$1,173$774
37 years$6,724$4,408$2,805$1,743$1,063$691
38 years$6,475$4,189$2,627$1,606$964$618
39 years$6,239$3,983$2,461$1,481$874$552
40 years$6,015$3,790$2,306$1,366$793$494
41 years$5,803$3,607$2,163$1,260$719$441
42 years$5,602$3,436$2,029$1,163$653$395
43 years$5,410$3,273$1,904$1,074$592$353
44 years$5,228$3,120$1,787$991$538$316
45 years$5,054$2,975$1,678$916$488$282
46 years$4,888$2,838$1,576$846$443$253
47 years$4,730$2,709$1,481$781$402$226
48 years$4,579$2,586$1,391$722$365$202
49 years$4,434$2,469$1,308$667$332$181
50 years$4,296$2,359$1,229$617$301$162

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $4,400,000, adding $4,852 every year, while hoping to spend $58,570 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: 68/19/13 Blend
65$4,400,000$4,400,000$4,400,000$4,400,000
66$4,853,805$4,620,605$4,552,405$5,169,403
67$5,286,575$4,784,696$4,642,592$5,544,115
68$5,761,525$4,954,866$4,733,838$5,946,362
69$6,282,894$5,131,348$4,826,116$6,384,796
70$6,855,355$5,314,390$4,919,396$6,862,964
71$7,484,052$5,504,246$5,013,647$7,384,766
72$8,174,654$5,701,182$5,108,833$7,954,501
73$8,933,405$5,905,477$5,204,915$8,576,896
74$9,767,184$6,117,417$5,301,852$9,257,159
75$10,683,570$6,337,304$5,399,597$10,001,022
76$11,690,912$6,565,449$5,498,101$10,814,798
77$12,798,407$6,802,178$5,597,309$11,705,438
78$14,016,189$7,047,830$5,697,164$12,680,595
79$15,355,425$7,302,758$5,797,603$13,748,698
80$16,828,414$7,567,329$5,898,559$14,919,029
81$18,448,711$7,841,926$5,999,959$16,201,812
82$20,231,247$8,126,948$6,101,726$17,608,306
83$22,192,477$8,422,811$6,203,776$19,150,911
84$24,350,527$8,729,946$6,306,020$20,843,288
85$26,725,373$9,048,806$6,408,363$22,700,481
86$29,339,022$9,379,859$6,510,705$24,739,062
87$32,215,725$9,723,594$6,612,936$26,977,287
88$35,382,202$10,080,523$6,714,942$29,435,266
89$38,867,894$10,451,176$6,816,600$32,135,150
90$42,705,243$10,836,108$6,917,780$35,101,342
91$46,929,995$11,235,895$7,018,344$38,360,728
92$51,581,540$11,651,139$7,118,143$41,942,924
93$56,703,280$12,082,468$7,217,024$45,880,558
94$62,343,041$12,530,535$7,314,821$50,209,578
95$68,553,523$12,996,022$7,411,359$54,969,588
96$75,392,795$13,479,641$7,506,452$60,204,220
97$82,924,848$13,982,131$7,599,906$65,961,547
98$91,220,193$14,504,266$7,691,514$72,294,534
99$100,356,529$15,046,851$7,781,056$79,261,538
100$110,419,475$15,610,727$7,868,301$86,926,855