Can I retire at age 66 with 4,600,000?

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 $4,600,000?

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 years$379,864$376,480$373,179$369,957$366,810$365,265
2 years$188,051$184,549$181,155$177,864$174,672$173,111
3 years$124,122$120,605$117,219$113,959$110,819$109,292
4 years$92,164$88,657$85,306$82,101$79,037$77,555
5 years$72,994$69,508$66,201$63,062$60,083$58,651
6 years$60,218$56,759$53,500$50,431$47,541$46,161
7 years$51,096$47,666$44,459$41,462$38,664$37,336
8 years$44,258$40,859$37,704$34,781$32,075$30,800
9 years$38,942$35,575$32,475$29,626$27,012$25,788
10 years$34,692$31,357$28,312$25,538$23,016$21,843
11 years$31,216$27,916$24,926$22,226$19,794$18,673
12 years$28,322$25,056$22,121$19,495$17,153$16,082
13 years$25,876$22,643$19,764$17,211$14,958$13,935
14 years$23,780$20,582$17,758$15,278$13,112$12,137
15 years$21,966$18,802$16,033$13,625$11,545$10,617
16 years$20,380$17,250$14,536$12,200$10,203$9,320
17 years$18,982$15,887$13,227$10,962$9,047$8,208
18 years$17,740$14,680$12,075$9,879$8,044$7,248
19 years$16,631$13,605$11,054$8,926$7,170$6,415
20 years$15,634$12,643$10,145$8,084$6,404$5,689
21 years$14,733$11,776$9,331$7,337$5,731$5,055
22 years$13,915$10,993$8,600$6,671$5,137$4,498
23 years$13,169$10,281$7,941$6,075$4,611$4,007
24 years$12,487$9,633$7,344$5,541$4,145$3,575
25 years$11,860$9,040$6,802$5,061$3,730$3,193
26 years$11,282$8,496$6,308$4,627$3,360$2,854
27 years$10,748$7,996$5,858$4,235$3,029$2,553
28 years$10,252$7,534$5,446$3,880$2,733$2,286
29 years$9,792$7,108$5,068$3,558$2,468$2,047
30 years$9,364$6,713$4,720$3,266$2,230$1,835
31 years$8,963$6,346$4,401$2,999$2,016$1,646
32 years$8,589$6,004$4,106$2,756$1,824$1,477
33 years$8,238$5,686$3,834$2,535$1,650$1,326
34 years$7,908$5,389$3,582$2,332$1,494$1,190
35 years$7,598$5,112$3,349$2,147$1,353$1,069
36 years$7,306$4,852$3,133$1,977$1,226$961
37 years$7,030$4,608$2,932$1,822$1,111$864
38 years$6,769$4,379$2,746$1,679$1,008$776
39 years$6,523$4,164$2,573$1,548$914$698
40 years$6,289$3,962$2,411$1,428$829$628
41 years$6,067$3,771$2,261$1,318$752$565
42 years$5,856$3,592$2,121$1,216$682$508
43 years$5,656$3,422$1,990$1,122$619$457
44 years$5,465$3,262$1,868$1,036$562$411
45 years$5,284$3,111$1,754$957$510$370
46 years$5,110$2,967$1,648$884$463$333
47 years$4,945$2,832$1,548$817$421$300
48 years$4,787$2,703$1,455$755$382$270
49 years$4,636$2,582$1,367$698$347$243
50 years$4,491$2,466$1,285$645$315$219

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $4,600,000, adding $6,206 every year, while hoping to spend $36,007 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: 77/9/14 Blend
65$4,600,000$4,600,000$4,600,000$4,600,000
66$5,075,601$4,831,801$4,760,501$5,451,257
67$5,555,002$5,030,249$4,881,667$5,898,233
68$6,082,094$5,237,213$5,005,685$6,383,081
69$6,661,705$5,453,073$5,132,613$6,913,758
70$7,299,152$5,678,227$5,262,508$7,494,821
71$8,000,294$5,913,089$5,395,431$8,131,290
72$8,771,586$6,158,093$5,531,441$8,828,692
73$9,620,141$6,413,693$5,670,597$9,593,115
74$10,553,796$6,680,363$5,812,962$10,431,260
75$11,581,183$6,958,601$5,958,596$11,350,511
76$12,711,817$7,248,927$6,107,563$12,358,998
77$13,956,181$7,551,882$6,259,924$13,465,678
78$15,325,824$7,868,037$6,415,745$14,680,413
79$16,833,473$8,197,986$6,575,087$16,014,068
80$18,493,152$8,542,352$6,738,017$17,478,611
81$20,320,311$8,901,785$6,904,599$19,087,224
82$22,331,978$9,276,968$7,074,898$20,854,429
83$24,546,914$9,668,613$7,248,981$22,796,222
84$26,985,790$10,077,466$7,426,913$24,930,225
85$29,671,388$10,504,309$7,608,761$27,275,850
86$32,628,807$10,949,958$7,794,592$29,854,486
87$35,885,708$11,415,268$7,984,473$32,689,690
88$39,472,568$11,901,134$8,178,472$35,807,422
89$43,422,974$12,408,493$8,376,654$39,236,277
90$47,773,933$12,938,326$8,579,088$43,007,761
91$52,566,227$13,491,657$8,785,841$47,156,585
92$57,844,795$14,069,561$8,996,979$51,720,993
93$63,659,157$14,673,162$9,212,570$56,743,121
94$70,063,880$15,303,636$9,432,681$62,269,393
95$77,119,098$15,962,216$9,657,377$68,350,959
96$84,891,071$16,650,190$9,886,725$75,044,178
97$93,452,819$17,368,908$10,120,789$82,411,144
98$102,884,806$18,119,784$10,359,635$90,520,279
99$113,275,699$18,904,296$10,603,325$99,446,970
100$124,723,207$19,723,994$10,851,924$109,274,281