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%19.5%
1 years$363,348$360,111$356,954$353,872$350,862$337,475
2 years$179,875$176,525$173,278$170,131$167,077$153,747
3 years$118,726$115,361$112,123$109,004$106,001$93,147
4 years$88,157$84,803$81,597$78,531$75,601$63,322
5 years$69,820$66,486$63,322$60,320$57,470$45,798
6 years$57,600$54,291$51,174$48,238$45,474$34,416
7 years$48,875$45,594$42,526$39,659$36,983$26,536
8 years$42,334$39,082$36,065$33,269$30,681$20,835
9 years$37,249$34,028$31,063$28,338$25,838$16,578
10 years$33,183$29,994$27,081$24,428$22,015$13,325
11 years$29,859$26,702$23,842$21,259$18,934$10,794
12 years$27,091$23,966$21,159$18,647$16,407$8,797
13 years$24,751$21,658$18,904$16,463$14,308$7,205
14 years$22,746$19,687$16,986$14,614$12,542$5,923
15 years$21,011$17,984$15,336$13,033$11,043$4,885
16 years$19,494$16,500$13,904$11,670$9,760$4,039
17 years$18,156$15,196$12,652$10,485$8,654$3,346
18 years$16,969$14,042$11,550$9,449$7,694$2,777
19 years$15,908$13,014$10,573$8,538$6,858$2,308
20 years$14,954$12,093$9,704$7,733$6,126$1,920
21 years$14,092$11,264$8,925$7,018$5,482$1,599
22 years$13,310$10,515$8,226$6,381$4,914$1,333
23 years$12,597$9,834$7,595$5,811$4,411$1,112
24 years$11,944$9,214$7,024$5,300$3,965$928
25 years$11,344$8,647$6,506$4,841$3,568$775
26 years$10,791$8,127$6,034$4,426$3,214$647
27 years$10,280$7,648$5,603$4,051$2,897$541
28 years$9,807$7,207$5,209$3,712$2,614$452
29 years$9,367$6,799$4,847$3,404$2,361$378
30 years$8,956$6,421$4,515$3,124$2,133$316
31 years$8,574$6,070$4,209$2,869$1,928$264
32 years$8,216$5,743$3,927$2,637$1,744$221
33 years$7,880$5,439$3,667$2,425$1,579$185
34 years$7,564$5,155$3,426$2,231$1,429$154
35 years$7,268$4,889$3,203$2,054$1,295$129
36 years$6,988$4,641$2,997$1,891$1,173$108
37 years$6,724$4,408$2,805$1,743$1,063$90
38 years$6,475$4,189$2,627$1,606$964$76
39 years$6,239$3,983$2,461$1,481$874$63
40 years$6,015$3,790$2,306$1,366$793$53
41 years$5,803$3,607$2,163$1,260$719$44
42 years$5,602$3,436$2,029$1,163$653$37
43 years$5,410$3,273$1,904$1,074$592$31
44 years$5,228$3,120$1,787$991$538$26
45 years$5,054$2,975$1,678$916$488$22
46 years$4,888$2,838$1,576$846$443$18
47 years$4,730$2,709$1,481$781$402$15
48 years$4,579$2,586$1,391$722$365$13
49 years$4,434$2,469$1,308$667$332$11
50 years$4,296$2,359$1,229$617$301$9

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 $2,936 every year, while hoping to spend $36,395 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: 83/8/9 Blend
65$4,400,000$4,400,000$4,400,000$4,400,000
66$4,851,828$4,618,628$4,550,428$5,248,349
67$5,307,991$4,806,217$4,664,144$5,695,727
68$5,809,462$5,001,778$4,780,449$6,181,744
69$6,360,825$5,205,663$4,899,392$6,714,343
70$6,967,130$5,418,241$5,021,022$7,298,177
71$7,633,938$5,639,896$5,145,387$7,938,372
72$8,367,380$5,871,031$5,272,538$8,640,572
73$9,174,209$6,112,068$5,402,524$9,410,995
74$10,061,865$6,363,446$5,535,395$10,256,488
75$11,038,547$6,625,626$5,671,202$11,184,592
76$12,113,286$6,899,089$5,809,995$12,203,616
77$13,296,037$7,184,340$5,951,826$13,322,709
78$14,597,765$7,481,905$6,096,744$14,551,950
79$16,030,553$7,792,334$6,244,801$15,902,444
80$17,607,716$8,116,205$6,396,048$17,386,422
81$19,343,924$8,454,120$6,550,537$19,017,356
82$21,255,342$8,806,710$6,708,317$20,810,092
83$23,359,782$9,174,634$6,869,442$22,780,980
84$25,676,872$9,558,583$7,033,960$24,948,037
85$28,228,238$9,959,279$7,201,923$27,331,108
86$31,037,712$10,377,477$7,373,381$29,952,060
87$34,131,553$10,813,968$7,548,384$32,834,983
88$37,538,698$11,269,579$7,726,981$36,006,416
89$41,291,032$11,745,175$7,909,222$39,495,604
90$45,423,690$12,241,663$8,095,154$43,334,762
91$49,975,391$12,759,988$8,284,826$47,559,389
92$54,988,797$13,301,144$8,478,284$52,208,595
93$60,510,923$13,866,168$8,675,574$57,325,472
94$66,593,572$14,456,146$8,876,742$62,957,501
95$73,293,834$15,072,215$9,081,830$69,156,998
96$80,674,616$15,715,564$9,290,883$75,981,605
97$88,805,239$16,387,439$9,503,939$83,494,837
98$97,762,093$17,089,143$9,721,041$91,766,676
99$107,629,356$17,822,040$9,942,225$100,874,237
100$118,499,788$18,587,558$10,167,527$110,902,487