Can I retire at age 66 with 4,500,000?

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 $4,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$371,606$368,296$365,066$361,914$358,836$347,211
2 years$183,963$180,537$177,217$173,997$170,874$159,271
3 years$121,424$117,983$114,671$111,482$108,410$97,193
4 years$90,160$86,730$83,451$80,316$77,319$66,574
5 years$71,407$67,997$64,761$61,691$58,776$48,532
6 years$58,909$55,525$52,337$49,334$46,508$36,773
7 years$49,985$46,630$43,492$40,561$37,823$28,597
8 years$43,296$39,970$36,885$34,025$31,378$22,654
9 years$38,095$34,801$31,769$28,982$26,425$18,192
10 years$33,937$30,676$27,697$24,983$22,515$14,762
11 years$30,538$27,309$24,384$21,742$19,364$12,075
12 years$27,707$24,511$21,640$19,071$16,780$9,940
13 years$25,313$22,151$19,334$16,837$14,633$8,224
14 years$23,263$20,134$17,372$14,946$12,827$6,832
15 years$21,488$18,393$15,684$13,329$11,294$5,695
16 years$19,937$16,875$14,220$11,935$9,982$4,760
17 years$18,569$15,542$12,940$10,723$8,850$3,988
18 years$17,355$14,361$11,812$9,664$7,869$3,347
19 years$16,270$13,310$10,814$8,732$7,014$2,813
20 years$15,294$12,368$9,924$7,909$6,265$2,368
21 years$14,413$11,520$9,128$7,178$5,607$1,995
22 years$13,612$10,754$8,413$6,526$5,026$1,683
23 years$12,883$10,058$7,768$5,943$4,511$1,420
24 years$12,215$9,424$7,184$5,421$4,055$1,199
25 years$11,602$8,844$6,654$4,951$3,649$1,013
26 years$11,036$8,311$6,171$4,527$3,287$857
27 years$10,514$7,822$5,731$4,143$2,963$725
28 years$10,030$7,371$5,327$3,796$2,674$613
29 years$9,579$6,953$4,957$3,481$2,414$519
30 years$9,160$6,567$4,618$3,195$2,181$439
31 years$8,769$6,208$4,305$2,934$1,972$372
32 years$8,402$5,874$4,017$2,697$1,784$315
33 years$8,059$5,563$3,750$2,480$1,615$266
34 years$7,736$5,272$3,504$2,282$1,462$226
35 years$7,433$5,000$3,276$2,100$1,324$191
36 years$7,147$4,746$3,065$1,934$1,200$162
37 years$6,877$4,508$2,868$1,782$1,087$137
38 years$6,622$4,284$2,686$1,643$986$116
39 years$6,381$4,074$2,517$1,515$894$98
40 years$6,152$3,876$2,359$1,397$811$83
41 years$5,935$3,689$2,212$1,289$736$71
42 years$5,729$3,514$2,075$1,190$667$60
43 years$5,533$3,348$1,947$1,098$606$51
44 years$5,347$3,191$1,828$1,014$550$43
45 years$5,169$3,043$1,716$936$499$36
46 years$4,999$2,903$1,612$865$453$31
47 years$4,838$2,770$1,514$799$412$26
48 years$4,683$2,645$1,423$738$374$22
49 years$4,535$2,525$1,337$682$339$19
50 years$4,394$2,412$1,257$631$308$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $4,500,000, adding $6,857 every year, while hoping to spend $27,457 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: 71/5/24 Blend
65$4,500,000$4,500,000$4,500,000$4,500,000
66$4,966,073$4,727,573$4,657,823$5,288,256
67$5,443,398$4,930,010$4,784,646$5,706,809
68$5,968,491$5,141,446$4,914,797$6,161,100
69$6,546,193$5,362,294$5,048,360$6,657,897
70$7,181,842$5,592,983$5,185,417$7,201,418
71$7,881,318$5,833,967$5,326,056$7,796,309
72$8,651,098$6,085,717$5,470,364$8,447,685
73$9,498,321$6,348,728$5,618,433$9,161,180
74$10,430,852$6,623,518$5,770,353$9,942,998
75$11,457,358$6,910,630$5,926,219$10,799,972
76$12,587,388$7,210,630$6,086,127$11,739,627
77$13,831,465$7,524,115$6,250,175$12,770,251
78$15,201,183$7,851,705$6,418,464$13,900,974
79$16,709,318$8,194,052$6,591,097$15,141,852
80$18,369,947$8,551,840$6,768,178$16,503,962
81$20,198,583$8,925,781$6,949,813$17,999,503
82$22,212,320$9,316,626$7,136,113$19,641,919
83$24,429,992$9,725,156$7,327,188$21,446,013
84$26,872,355$10,152,193$7,523,153$23,428,097
85$29,562,281$10,598,595$7,724,124$25,606,141
86$32,524,970$11,065,263$7,930,219$27,999,938
87$35,788,195$11,553,139$8,141,559$30,631,298
88$39,382,558$12,063,210$8,358,268$33,524,247
89$43,341,780$12,596,509$8,580,472$36,705,255
90$47,703,023$13,154,119$8,808,299$40,203,486
91$52,507,235$13,737,174$9,041,880$44,051,072
92$57,799,538$14,346,861$9,281,349$48,283,413
93$63,629,659$14,984,425$9,526,842$52,939,514
94$70,052,391$15,651,169$9,778,498$58,062,350
95$77,128,116$16,348,457$10,036,458$63,699,272
96$84,923,371$17,077,719$10,300,867$69,902,451
97$93,511,480$17,840,453$10,571,872$76,729,373
98$102,973,244$18,638,227$10,849,622$84,243,375
99$113,397,700$19,472,685$11,134,270$92,514,249
100$124,882,968$20,345,550$11,425,970$101,618,894