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%
1 years$363,348$360,111$356,954$353,872$350,862$338,144
2 years$179,875$176,525$173,278$170,131$167,077$154,404
3 years$118,726$115,361$112,123$109,004$106,001$93,770
4 years$88,157$84,803$81,597$78,531$75,601$63,906
5 years$69,820$66,486$63,322$60,320$57,470$46,343
6 years$57,600$54,291$51,174$48,238$45,474$34,922
7 years$48,875$45,594$42,526$39,659$36,983$27,002
8 years$42,334$39,082$36,065$33,269$30,681$21,264
9 years$37,249$34,028$31,063$28,338$25,838$16,972
10 years$33,183$29,994$27,081$24,428$22,015$13,685
11 years$29,859$26,702$23,842$21,259$18,934$11,122
12 years$27,091$23,966$21,159$18,647$16,407$9,095
13 years$24,751$21,658$18,904$16,463$14,308$7,474
14 years$22,746$19,687$16,986$14,614$12,542$6,166
15 years$21,011$17,984$15,336$13,033$11,043$5,103
16 years$19,494$16,500$13,904$11,670$9,760$4,235
17 years$18,156$15,196$12,652$10,485$8,654$3,522
18 years$16,969$14,042$11,550$9,449$7,694$2,934
19 years$15,908$13,014$10,573$8,538$6,858$2,447
20 years$14,954$12,093$9,704$7,733$6,126$2,044
21 years$14,092$11,264$8,925$7,018$5,482$1,709
22 years$13,310$10,515$8,226$6,381$4,914$1,430
23 years$12,597$9,834$7,595$5,811$4,411$1,198
24 years$11,944$9,214$7,024$5,300$3,965$1,003
25 years$11,344$8,647$6,506$4,841$3,568$841
26 years$10,791$8,127$6,034$4,426$3,214$705
27 years$10,280$7,648$5,603$4,051$2,897$592
28 years$9,807$7,207$5,209$3,712$2,614$496
29 years$9,367$6,799$4,847$3,404$2,361$417
30 years$8,956$6,421$4,515$3,124$2,133$350
31 years$8,574$6,070$4,209$2,869$1,928$294
32 years$8,216$5,743$3,927$2,637$1,744$247
33 years$7,880$5,439$3,667$2,425$1,579$207
34 years$7,564$5,155$3,426$2,231$1,429$174
35 years$7,268$4,889$3,203$2,054$1,295$146
36 years$6,988$4,641$2,997$1,891$1,173$123
37 years$6,724$4,408$2,805$1,743$1,063$103
38 years$6,475$4,189$2,627$1,606$964$87
39 years$6,239$3,983$2,461$1,481$874$73
40 years$6,015$3,790$2,306$1,366$793$61
41 years$5,803$3,607$2,163$1,260$719$51
42 years$5,602$3,436$2,029$1,163$653$43
43 years$5,410$3,273$1,904$1,074$592$36
44 years$5,228$3,120$1,787$991$538$30
45 years$5,054$2,975$1,678$916$488$26
46 years$4,888$2,838$1,576$846$443$22
47 years$4,730$2,709$1,481$781$402$18
48 years$4,579$2,586$1,391$722$365$15
49 years$4,434$2,469$1,308$667$332$13
50 years$4,296$2,359$1,229$617$301$11

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 $3,144 every year, while hoping to spend $25,768 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: 70/12/18 Blend
65$4,400,000$4,400,000$4,400,000$4,400,000
66$4,852,043$4,618,843$4,550,643$5,170,572
67$5,319,534$4,817,749$4,675,673$5,582,047
68$5,833,846$5,025,539$4,804,027$6,028,893
69$6,399,727$5,242,618$4,935,791$6,517,326
70$7,022,409$5,469,416$5,071,049$7,051,451
71$7,707,657$5,706,380$5,209,891$7,635,787
72$8,461,822$5,953,976$5,352,407$8,275,311
73$9,291,903$6,212,697$5,498,688$8,975,501
74$10,205,613$6,483,054$5,648,829$9,742,386
75$11,211,448$6,765,586$5,802,927$10,582,609
76$12,318,771$7,060,856$5,961,081$11,503,480
77$13,537,899$7,369,451$6,123,391$12,513,051
78$14,880,201$7,691,991$6,289,961$13,620,189
79$16,358,203$8,029,119$6,460,896$14,834,658
80$17,985,708$8,381,515$6,636,304$16,167,210
81$19,777,926$8,749,885$6,816,296$17,629,689
82$21,751,617$9,134,972$7,000,985$19,235,138
83$23,925,249$9,537,553$7,190,485$20,997,922
84$26,319,174$9,958,442$7,384,915$22,933,865
85$28,955,815$10,398,491$7,584,396$25,060,395
86$31,859,885$10,858,593$7,789,049$27,396,709
87$35,058,612$11,339,684$7,999,002$29,963,954
88$38,582,004$11,842,742$8,214,382$32,785,425
89$42,463,126$12,368,794$8,435,321$35,886,781
90$46,738,413$12,918,913$8,661,953$39,296,289
91$51,448,018$13,494,226$8,894,414$43,045,090
92$56,636,184$14,095,911$9,132,845$47,167,488
93$62,351,667$14,725,204$9,377,388$51,701,276
94$68,648,196$15,383,397$9,628,189$56,688,089
95$75,584,975$16,071,847$9,885,397$62,173,797
96$83,227,247$16,791,972$10,149,163$68,208,936
97$91,646,909$17,545,261$10,419,642$74,849,180
98$100,923,186$18,333,271$10,696,992$82,155,873
99$111,143,384$19,157,635$10,981,375$90,196,597
100$122,403,713$20,020,063$11,272,955$99,045,814