Can I retire at age 66 with 4,700,000?

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 $4,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$388,122$384,664$381,291$377,999$374,785$371,644
2 years$192,139$188,561$185,093$181,730$178,469$175,304
3 years$126,821$123,227$119,767$116,436$113,228$110,136
4 years$94,168$90,585$87,160$83,886$80,755$77,761
5 years$74,581$71,019$67,640$64,432$61,389$58,500
6 years$61,527$57,993$54,663$51,527$48,575$45,796
7 years$52,207$48,702$45,425$42,363$39,504$36,837
8 years$45,220$41,747$38,524$35,538$32,773$30,216
9 years$39,788$36,348$33,181$30,270$27,599$25,152
10 years$35,446$32,039$28,928$26,093$23,516$21,178
11 years$31,895$28,522$25,468$22,709$20,225$17,993
12 years$28,938$25,600$22,602$19,919$17,526$15,400
13 years$26,438$23,135$20,193$17,585$15,283$13,259
14 years$24,297$21,029$18,144$15,610$13,397$11,473
15 years$22,443$19,211$16,381$13,922$11,796$9,969
16 years$20,823$17,625$14,852$12,465$10,425$8,693
17 years$19,394$16,232$13,515$11,200$9,244$7,603
18 years$18,126$14,999$12,337$10,093$8,219$6,666
19 years$16,993$13,901$11,294$9,120$7,326$5,858
20 years$15,974$12,918$10,365$8,260$6,544$5,158
21 years$15,053$12,032$9,534$7,497$5,856$4,549
22 years$14,217$11,232$8,787$6,816$5,249$4,018
23 years$13,455$10,505$8,113$6,208$4,712$3,553
24 years$12,758$9,842$7,503$5,662$4,235$3,145
25 years$12,117$9,237$6,950$5,171$3,811$2,787
26 years$11,527$8,681$6,445$4,728$3,433$2,472
27 years$10,981$8,170$5,985$4,327$3,095$2,194
28 years$10,475$7,698$5,564$3,965$2,793$1,949
29 years$10,005$7,262$5,178$3,636$2,522$1,732
30 years$9,567$6,859$4,823$3,337$2,278$1,540
31 years$9,158$6,484$4,496$3,065$2,060$1,370
32 years$8,776$6,135$4,195$2,816$1,863$1,219
33 years$8,417$5,810$3,917$2,590$1,686$1,085
34 years$8,080$5,506$3,660$2,383$1,527$967
35 years$7,763$5,223$3,422$2,194$1,383$861
36 years$7,465$4,957$3,201$2,020$1,253$767
37 years$7,183$4,708$2,996$1,861$1,136$684
38 years$6,917$4,474$2,806$1,716$1,030$609
39 years$6,664$4,255$2,629$1,582$934$543
40 years$6,426$4,048$2,464$1,459$847$484
41 years$6,199$3,853$2,310$1,346$768$432
42 years$5,984$3,670$2,167$1,242$697$385
43 years$5,779$3,497$2,033$1,147$633$344
44 years$5,584$3,333$1,909$1,059$574$307
45 years$5,399$3,178$1,792$978$521$274
46 years$5,222$3,032$1,683$903$473$244
47 years$5,053$2,893$1,581$835$430$218
48 years$4,891$2,762$1,486$771$390$194
49 years$4,737$2,638$1,397$713$355$174
50 years$4,589$2,520$1,313$659$322$155

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $4,700,000, adding $3,559 every year, while hoping to spend $51,793 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: 35/41/24 Blend
65$4,700,000$4,700,000$4,700,000$4,700,000
66$5,183,071$4,933,971$4,861,121$5,326,680
67$5,656,637$5,120,628$4,968,861$5,620,090
68$6,176,771$5,314,696$5,078,475$5,931,471
69$6,748,168$5,516,482$5,189,970$6,266,415
70$7,376,000$5,726,309$5,303,353$6,627,056
71$8,065,966$5,944,512$5,418,630$7,015,737
72$8,824,343$6,171,442$5,535,803$7,435,033
73$9,658,048$6,407,465$5,654,874$7,887,768
74$10,574,700$6,652,962$5,775,843$8,377,045
75$11,582,694$6,908,331$5,898,708$8,906,273
76$12,691,278$7,173,989$6,023,464$9,479,197
77$13,910,643$7,450,369$6,150,105$10,099,933
78$15,252,016$7,737,925$6,278,621$10,773,004
79$16,727,768$8,037,129$6,409,001$11,503,381
80$18,351,528$8,348,476$6,541,230$12,296,531
81$20,138,313$8,672,480$6,675,291$13,158,464
82$22,104,671$9,009,682$6,811,163$14,095,788
83$24,268,833$9,360,642$6,948,823$15,115,771
84$26,650,889$9,725,948$7,088,243$16,226,408
85$29,272,973$10,106,213$7,229,392$17,436,492
86$32,159,476$10,502,077$7,372,237$18,755,699
87$35,337,273$10,914,209$7,516,737$20,194,671
88$38,835,978$11,343,308$7,662,851$21,765,120
89$42,688,221$11,790,104$7,810,530$23,479,935
90$46,929,958$12,255,358$7,959,721$25,353,299
91$51,600,811$12,739,867$8,110,368$27,400,822
92$56,744,436$13,244,463$8,262,408$29,639,685
93$62,408,941$13,770,015$8,415,772$32,088,801
94$68,647,338$14,317,431$8,570,386$34,768,987
95$75,518,042$14,887,660$8,726,168$37,703,164
96$83,085,420$15,481,693$8,883,033$40,916,562
97$91,420,404$16,100,567$9,040,886$44,436,963
98$100,601,155$16,745,364$9,199,625$48,294,954
99$110,713,802$17,417,217$9,359,142$52,524,215
100$121,853,256$18,117,306$9,519,319$57,161,834