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

Use the below retirement simulation to view the chances of a successful retirement.
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%17.5%
1 years$388,122$384,664$381,291$377,999$374,785$363,370
2 years$192,139$188,561$185,093$181,730$178,469$167,067
3 years$126,821$123,227$119,767$116,436$113,228$102,196
4 years$94,168$90,585$87,160$83,886$80,755$70,178
5 years$74,581$71,019$67,640$64,432$61,389$51,295
6 years$61,527$57,993$54,663$51,527$48,575$38,973
7 years$52,207$48,702$45,425$42,363$39,504$30,394
8 years$45,220$41,747$38,524$35,538$32,773$24,148
9 years$39,788$36,348$33,181$30,270$27,599$19,451
10 years$35,446$32,039$28,928$26,093$23,516$15,833
11 years$31,895$28,522$25,468$22,709$20,225$12,993
12 years$28,938$25,600$22,602$19,919$17,526$10,731
13 years$26,438$23,135$20,193$17,585$15,283$8,909
14 years$24,297$21,029$18,144$15,610$13,397$7,427
15 years$22,443$19,211$16,381$13,922$11,796$6,213
16 years$20,823$17,625$14,852$12,465$10,425$5,212
17 years$19,394$16,232$13,515$11,200$9,244$4,382
18 years$18,126$14,999$12,337$10,093$8,219$3,692
19 years$16,993$13,901$11,294$9,120$7,326$3,115
20 years$15,974$12,918$10,365$8,260$6,544$2,632
21 years$15,053$12,032$9,534$7,497$5,856$2,226
22 years$14,217$11,232$8,787$6,816$5,249$1,885
23 years$13,455$10,505$8,113$6,208$4,712$1,597
24 years$12,758$9,842$7,503$5,662$4,235$1,354
25 years$12,117$9,237$6,950$5,171$3,811$1,149
26 years$11,527$8,681$6,445$4,728$3,433$975
27 years$10,981$8,170$5,985$4,327$3,095$828
28 years$10,475$7,698$5,564$3,965$2,793$703
29 years$10,005$7,262$5,178$3,636$2,522$598
30 years$9,567$6,859$4,823$3,337$2,278$508
31 years$9,158$6,484$4,496$3,065$2,060$432
32 years$8,776$6,135$4,195$2,816$1,863$367
33 years$8,417$5,810$3,917$2,590$1,686$312
34 years$8,080$5,506$3,660$2,383$1,527$265
35 years$7,763$5,223$3,422$2,194$1,383$226
36 years$7,465$4,957$3,201$2,020$1,253$192
37 years$7,183$4,708$2,996$1,861$1,136$163
38 years$6,917$4,474$2,806$1,716$1,030$139
39 years$6,664$4,255$2,629$1,582$934$118
40 years$6,426$4,048$2,464$1,459$847$101
41 years$6,199$3,853$2,310$1,346$768$86
42 years$5,984$3,670$2,167$1,242$697$73
43 years$5,779$3,497$2,033$1,147$633$62
44 years$5,584$3,333$1,909$1,059$574$53
45 years$5,399$3,178$1,792$978$521$45
46 years$5,222$3,032$1,683$903$473$38
47 years$5,053$2,893$1,581$835$430$32
48 years$4,891$2,762$1,486$771$390$28
49 years$4,737$2,638$1,397$713$355$24
50 years$4,589$2,520$1,313$659$322$20

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 $2,104 every year, while hoping to spend $55,057 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: 51/31/18 Blend
65$4,700,000$4,700,000$4,700,000$4,700,000
66$5,181,570$4,932,470$4,859,620$5,420,012
67$5,651,510$5,115,581$4,963,837$5,767,511
68$6,167,539$5,305,819$5,069,700$6,139,221
69$6,734,299$5,503,475$5,177,206$6,542,166
70$7,356,905$5,708,853$5,286,351$6,979,318
71$8,040,992$5,922,270$5,397,126$7,453,946
72$8,792,767$6,144,054$5,509,523$7,969,642
73$9,619,068$6,374,552$5,623,531$8,530,362
74$10,527,428$6,614,121$5,739,135$9,140,453
75$11,526,149$6,863,136$5,856,320$9,804,700
76$12,624,375$7,121,988$5,975,065$10,528,364
77$13,832,180$7,391,085$6,095,348$11,317,237
78$15,160,666$7,670,851$6,217,145$12,177,692
79$16,622,061$7,961,730$6,340,427$13,116,740
80$18,229,841$8,264,184$6,465,161$14,142,100
81$19,998,853$8,578,698$6,591,313$15,262,267
82$21,945,456$8,905,774$6,718,841$16,486,592
83$24,087,674$9,245,938$6,847,704$17,825,367
84$26,445,367$9,599,740$6,977,853$19,289,924
85$29,040,419$9,967,751$7,109,235$20,892,738
86$31,896,941$10,350,570$7,241,794$22,647,546
87$35,041,502$10,748,821$7,375,467$24,569,470
88$38,503,377$11,163,155$7,510,187$26,675,164
89$42,314,824$11,594,252$7,645,880$28,982,964
90$46,511,388$12,042,823$7,782,469$31,513,064
91$51,132,235$12,509,607$7,919,868$34,287,702
92$56,220,525$12,995,379$8,057,985$37,331,370
93$61,823,813$13,500,947$8,196,722$40,671,038
94$67,994,504$14,027,156$8,335,974$44,336,415
95$74,790,342$14,574,885$8,475,628$48,360,220
96$82,274,958$15,145,056$8,615,563$52,778,492
97$90,518,469$15,738,629$8,755,650$57,630,927
98$99,598,140$16,356,608$8,895,750$62,961,250
99$109,599,110$17,000,042$9,035,718$68,817,625
100$120,615,201$17,670,026$9,175,397$75,253,110