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%13.2%
1 years$379,864$376,480$373,179$369,957$366,810$361,927
2 years$188,051$184,549$181,155$177,864$174,672$169,759
3 years$124,122$120,605$117,219$113,959$110,819$106,030
4 years$92,164$88,657$85,306$82,101$79,037$74,409
5 years$72,994$69,508$66,201$63,062$60,083$55,629
6 years$60,218$56,759$53,500$50,431$47,541$43,268
7 years$51,096$47,666$44,459$41,462$38,664$34,571
8 years$44,258$40,859$37,704$34,781$32,075$28,164
9 years$38,942$35,575$32,475$29,626$27,012$23,279
10 years$34,692$31,357$28,312$25,538$23,016$19,459
11 years$31,216$27,916$24,926$22,226$19,794$16,410
12 years$28,322$25,056$22,121$19,495$17,153$13,939
13 years$25,876$22,643$19,764$17,211$14,958$11,908
14 years$23,780$20,582$17,758$15,278$13,112$10,222
15 years$21,966$18,802$16,033$13,625$11,545$8,811
16 years$20,380$17,250$14,536$12,200$10,203$7,619
17 years$18,982$15,887$13,227$10,962$9,047$6,608
18 years$17,740$14,680$12,075$9,879$8,044$5,745
19 years$16,631$13,605$11,054$8,926$7,170$5,005
20 years$15,634$12,643$10,145$8,084$6,404$4,368
21 years$14,733$11,776$9,331$7,337$5,731$3,818
22 years$13,915$10,993$8,600$6,671$5,137$3,341
23 years$13,169$10,281$7,941$6,075$4,611$2,928
24 years$12,487$9,633$7,344$5,541$4,145$2,568
25 years$11,860$9,040$6,802$5,061$3,730$2,255
26 years$11,282$8,496$6,308$4,627$3,360$1,981
27 years$10,748$7,996$5,858$4,235$3,029$1,741
28 years$10,252$7,534$5,446$3,880$2,733$1,532
29 years$9,792$7,108$5,068$3,558$2,468$1,348
30 years$9,364$6,713$4,720$3,266$2,230$1,187
31 years$8,963$6,346$4,401$2,999$2,016$1,046
32 years$8,589$6,004$4,106$2,756$1,824$921
33 years$8,238$5,686$3,834$2,535$1,650$812
34 years$7,908$5,389$3,582$2,332$1,494$716
35 years$7,598$5,112$3,349$2,147$1,353$631
36 years$7,306$4,852$3,133$1,977$1,226$557
37 years$7,030$4,608$2,932$1,822$1,111$491
38 years$6,769$4,379$2,746$1,679$1,008$433
39 years$6,523$4,164$2,573$1,548$914$383
40 years$6,289$3,962$2,411$1,428$829$338
41 years$6,067$3,771$2,261$1,318$752$298
42 years$5,856$3,592$2,121$1,216$682$263
43 years$5,656$3,422$1,990$1,122$619$232
44 years$5,465$3,262$1,868$1,036$562$205
45 years$5,284$3,111$1,754$957$510$181
46 years$5,110$2,967$1,648$884$463$160
47 years$4,945$2,832$1,548$817$421$141
48 years$4,787$2,703$1,455$755$382$125
49 years$4,636$2,582$1,367$698$347$110
50 years$4,491$2,466$1,285$645$315$97

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 $2,862 every year, while hoping to spend $46,240 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: 38/37/25 Blend
65$4,600,000$4,600,000$4,600,000$4,600,000
66$5,072,152$4,828,352$4,757,052$5,226,953
67$5,540,313$5,015,742$4,867,214$5,527,599
68$6,054,676$5,210,765$4,979,517$5,847,805
69$6,619,905$5,413,745$5,093,984$6,192,963
70$7,241,139$5,625,022$5,210,636$6,565,362
71$7,924,038$5,844,951$5,329,495$6,967,515
72$8,674,839$6,073,902$5,450,582$7,402,183
73$9,500,411$6,312,262$5,573,915$7,872,398
74$10,408,325$6,560,435$5,699,513$8,381,493
75$11,406,920$6,818,842$5,827,393$8,933,127
76$12,505,386$7,087,926$5,957,571$9,531,324
77$13,713,847$7,368,146$6,090,061$10,180,507
78$15,043,458$7,659,983$6,224,876$10,885,536
79$16,506,509$7,963,940$6,362,027$11,651,757
80$18,116,542$8,280,543$6,501,525$12,485,047
81$19,888,480$8,610,340$6,643,376$13,391,870
82$21,838,763$8,953,905$6,787,588$14,379,335
83$23,985,507$9,311,836$6,934,162$15,455,262
84$26,348,673$9,684,761$7,083,101$16,628,253
85$28,950,257$10,073,333$7,234,404$17,907,773
86$31,814,494$10,478,237$7,388,067$19,304,236
87$34,968,089$10,900,188$7,544,084$20,829,100
88$38,440,469$11,339,932$7,702,446$22,494,977
89$42,264,060$11,798,252$7,863,141$24,315,745
90$46,474,590$12,275,963$8,026,153$26,306,679
91$51,111,432$12,773,919$8,191,463$28,484,593
92$56,217,970$13,293,012$8,359,048$30,867,995
93$61,842,009$13,834,176$8,528,883$33,477,260
94$68,036,229$14,398,386$8,700,935$36,334,820
95$74,858,680$14,986,662$8,875,172$39,465,368
96$82,373,327$15,600,070$9,051,552$42,896,097
97$90,650,658$16,239,725$9,230,031$46,656,945
98$99,768,348$16,906,794$9,410,559$50,780,879
99$109,811,989$17,602,497$9,593,082$55,304,201
100$120,875,900$18,328,107$9,777,539$60,266,887