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

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 $4,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$363,348$360,111$356,954$353,872$350,862$349,237
2 years$179,875$176,525$173,278$170,131$167,077$165,437
3 years$118,726$115,361$112,123$109,004$106,001$104,396
4 years$88,157$84,803$81,597$78,531$75,601$74,043
5 years$69,820$66,486$63,322$60,320$57,470$55,966
6 years$57,600$54,291$51,174$48,238$45,474$44,024
7 years$48,875$45,594$42,526$39,659$36,983$35,588
8 years$42,334$39,082$36,065$33,269$30,681$29,341
9 years$37,249$34,028$31,063$28,338$25,838$24,553
10 years$33,183$29,994$27,081$24,428$22,015$20,785
11 years$29,859$26,702$23,842$21,259$18,934$17,757
12 years$27,091$23,966$21,159$18,647$16,407$15,283
13 years$24,751$21,658$18,904$16,463$14,308$13,235
14 years$22,746$19,687$16,986$14,614$12,542$11,520
15 years$21,011$17,984$15,336$13,033$11,043$10,070
16 years$19,494$16,500$13,904$11,670$9,760$8,834
17 years$18,156$15,196$12,652$10,485$8,654$7,775
18 years$16,969$14,042$11,550$9,449$7,694$6,861
19 years$15,908$13,014$10,573$8,538$6,858$6,068
20 years$14,954$12,093$9,704$7,733$6,126$5,377
21 years$14,092$11,264$8,925$7,018$5,482$4,774
22 years$13,310$10,515$8,226$6,381$4,914$4,245
23 years$12,597$9,834$7,595$5,811$4,411$3,779
24 years$11,944$9,214$7,024$5,300$3,965$3,369
25 years$11,344$8,647$6,506$4,841$3,568$3,006
26 years$10,791$8,127$6,034$4,426$3,214$2,685
27 years$10,280$7,648$5,603$4,051$2,897$2,400
28 years$9,807$7,207$5,209$3,712$2,614$2,147
29 years$9,367$6,799$4,847$3,404$2,361$1,922
30 years$8,956$6,421$4,515$3,124$2,133$1,721
31 years$8,574$6,070$4,209$2,869$1,928$1,543
32 years$8,216$5,743$3,927$2,637$1,744$1,383
33 years$7,880$5,439$3,667$2,425$1,579$1,240
34 years$7,564$5,155$3,426$2,231$1,429$1,113
35 years$7,268$4,889$3,203$2,054$1,295$999
36 years$6,988$4,641$2,997$1,891$1,173$897
37 years$6,724$4,408$2,805$1,743$1,063$805
38 years$6,475$4,189$2,627$1,606$964$723
39 years$6,239$3,983$2,461$1,481$874$650
40 years$6,015$3,790$2,306$1,366$793$584
41 years$5,803$3,607$2,163$1,260$719$525
42 years$5,602$3,436$2,029$1,163$653$472
43 years$5,410$3,273$1,904$1,074$592$424
44 years$5,228$3,120$1,787$991$538$381
45 years$5,054$2,975$1,678$916$488$343
46 years$4,888$2,838$1,576$846$443$308
47 years$4,730$2,709$1,481$781$402$277
48 years$4,579$2,586$1,391$722$365$249
49 years$4,434$2,469$1,308$667$332$224
50 years$4,296$2,359$1,229$617$301$202

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 $4,395 every year, while hoping to spend $28,905 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: 67/12/21 Blend
65$4,400,000$4,400,000$4,400,000$4,400,000
66$4,853,333$4,620,133$4,551,933$5,152,553
67$5,317,619$4,815,765$4,673,669$5,549,268
68$5,828,292$5,020,014$4,798,513$5,979,204
69$6,390,055$5,233,272$4,926,540$6,448,688
70$7,008,088$5,455,949$5,057,826$6,961,614
71$7,688,096$5,688,474$5,192,446$7,522,265
72$8,436,368$5,931,296$5,330,480$8,135,358
73$9,259,833$6,184,884$5,472,006$8,806,085
74$10,166,124$6,449,732$5,617,107$9,540,162
75$11,163,653$6,726,353$5,765,864$10,343,882
76$12,261,689$7,015,288$5,918,364$11,224,176
77$13,470,444$7,317,099$6,074,691$12,188,672
78$14,801,170$7,632,379$6,234,935$13,245,774
79$16,266,269$7,961,744$6,399,184$14,404,734
80$17,879,401$8,305,842$6,567,530$15,675,740
81$19,655,623$8,665,352$6,740,065$17,070,015
82$21,611,525$9,040,982$6,916,885$18,599,917
83$23,765,385$9,433,475$7,098,086$20,279,058
84$26,137,348$9,843,609$7,283,766$22,122,429
85$28,749,611$10,272,199$7,474,025$24,146,544
86$31,626,630$10,720,096$7,668,964$26,369,590
87$34,795,360$11,188,194$7,868,687$28,811,603
88$38,285,498$11,677,427$8,073,300$31,494,651
89$42,129,773$12,188,775$8,282,909$34,443,045
90$46,364,247$12,723,262$8,497,624$37,683,564
91$51,028,660$13,281,962$8,717,554$41,245,709
92$56,166,804$13,865,998$8,942,813$45,161,979
93$61,826,935$14,476,549$9,173,514$49,468,178
94$68,062,229$15,114,848$9,409,774$54,203,747
95$74,931,286$15,782,184$9,651,711$59,412,141
96$82,498,677$16,479,912$9,899,444$65,141,233
97$90,835,562$17,209,446$10,153,094$71,443,767
98$100,020,352$17,972,272$10,412,785$78,377,851
99$110,139,456$18,769,942$10,678,643$86,007,507
100$121,288,096$19,604,085$10,950,792$94,403,274