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%12.5%
1 years$379,864$376,480$373,179$369,957$366,810$362,980
2 years$188,051$184,549$181,155$177,864$174,672$170,814
3 years$124,122$120,605$117,219$113,959$110,819$107,054
4 years$92,164$88,657$85,306$82,101$79,037$75,394
5 years$72,994$69,508$66,201$63,062$60,083$56,572
6 years$60,218$56,759$53,500$50,431$47,541$44,167
7 years$51,096$47,666$44,459$41,462$38,664$35,428
8 years$44,258$40,859$37,704$34,781$32,075$28,977
9 years$38,942$35,575$32,475$29,626$27,012$24,051
10 years$34,692$31,357$28,312$25,538$23,016$20,190
11 years$31,216$27,916$24,926$22,226$19,794$17,101
12 years$28,322$25,056$22,121$19,495$17,153$14,590
13 years$25,876$22,643$19,764$17,211$14,958$12,521
14 years$23,780$20,582$17,758$15,278$13,112$10,799
15 years$21,966$18,802$16,033$13,625$11,545$9,352
16 years$20,380$17,250$14,536$12,200$10,203$8,127
17 years$18,982$15,887$13,227$10,962$9,047$7,083
18 years$17,740$14,680$12,075$9,879$8,044$6,188
19 years$16,631$13,605$11,054$8,926$7,170$5,419
20 years$15,634$12,643$10,145$8,084$6,404$4,753
21 years$14,733$11,776$9,331$7,337$5,731$4,177
22 years$13,915$10,993$8,600$6,671$5,137$3,675
23 years$13,169$10,281$7,941$6,075$4,611$3,238
24 years$12,487$9,633$7,344$5,541$4,145$2,855
25 years$11,860$9,040$6,802$5,061$3,730$2,520
26 years$11,282$8,496$6,308$4,627$3,360$2,227
27 years$10,748$7,996$5,858$4,235$3,029$1,968
28 years$10,252$7,534$5,446$3,880$2,733$1,741
29 years$9,792$7,108$5,068$3,558$2,468$1,541
30 years$9,364$6,713$4,720$3,266$2,230$1,365
31 years$8,963$6,346$4,401$2,999$2,016$1,209
32 years$8,589$6,004$4,106$2,756$1,824$1,072
33 years$8,238$5,686$3,834$2,535$1,650$950
34 years$7,908$5,389$3,582$2,332$1,494$843
35 years$7,598$5,112$3,349$2,147$1,353$747
36 years$7,306$4,852$3,133$1,977$1,226$663
37 years$7,030$4,608$2,932$1,822$1,111$588
38 years$6,769$4,379$2,746$1,679$1,008$522
39 years$6,523$4,164$2,573$1,548$914$464
40 years$6,289$3,962$2,411$1,428$829$412
41 years$6,067$3,771$2,261$1,318$752$366
42 years$5,856$3,592$2,121$1,216$682$325
43 years$5,656$3,422$1,990$1,122$619$288
44 years$5,465$3,262$1,868$1,036$562$256
45 years$5,284$3,111$1,754$957$510$228
46 years$5,110$2,967$1,648$884$463$202
47 years$4,945$2,832$1,548$817$421$180
48 years$4,787$2,703$1,455$755$382$160
49 years$4,636$2,582$1,367$698$347$142
50 years$4,491$2,466$1,285$645$315$126

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 $3,777 every year, while hoping to spend $36,702 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: 80/5/15 Blend
65$4,600,000$4,600,000$4,600,000$4,600,000
66$5,073,096$4,829,296$4,757,996$5,462,999
67$5,551,501$5,026,881$4,878,338$5,917,606
68$6,077,473$5,232,917$5,001,482$6,411,310
69$6,655,826$5,447,781$5,127,482$6,952,101
70$7,291,862$5,671,863$5,256,394$7,544,685
71$7,991,424$5,905,576$5,388,275$8,194,242
72$8,760,948$6,149,349$5,523,181$8,906,478
73$9,607,527$6,403,629$5,661,170$9,687,679
74$10,538,976$6,668,888$5,802,300$10,544,768
75$11,563,904$6,945,616$5,946,630$11,485,369
76$12,691,798$7,234,327$6,094,218$12,517,884
77$13,933,111$7,535,559$6,245,124$13,651,565
78$15,299,361$7,849,874$6,399,408$14,896,604
79$16,803,238$8,177,860$6,557,131$16,264,230
80$18,458,726$8,520,133$6,718,352$17,766,812
81$20,281,233$8,877,336$6,883,134$19,417,979
82$22,287,736$9,250,143$7,051,536$21,232,742
83$24,496,944$9,639,259$7,223,622$23,227,641
84$26,929,471$10,045,421$7,399,452$25,420,898
85$29,608,032$10,469,402$7,579,088$27,832,588
86$32,557,656$10,912,007$7,762,592$30,484,830
87$35,805,924$11,374,083$7,950,026$33,401,994
88$39,383,228$11,856,513$8,141,452$36,610,928
89$43,323,058$12,360,222$8,336,931$40,141,216
90$47,662,317$12,886,180$8,536,525$44,025,452
91$52,441,670$13,435,400$8,740,296$48,299,549
92$57,705,927$14,008,941$8,948,303$53,003,078
93$63,504,468$14,607,916$9,160,607$58,179,638
94$69,891,705$15,233,485$9,377,268$63,877,270
95$76,927,598$15,886,865$9,598,346$70,148,909
96$84,678,221$16,569,329$9,823,899$77,052,881
97$93,216,383$17,282,210$10,053,983$84,653,454
98$102,622,319$18,026,903$10,288,657$93,021,444
99$112,984,444$18,804,869$10,527,974$102,234,884
100$124,400,186$19,617,637$10,771,991$112,379,757