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%12.6%
1 years$388,122$384,664$381,291$377,999$374,785$370,716
2 years$192,139$188,561$185,093$181,730$178,469$174,373
3 years$126,821$123,227$119,767$116,436$113,228$109,231
4 years$94,168$90,585$87,160$83,886$80,755$76,888
5 years$74,581$71,019$67,640$64,432$61,389$57,663
6 years$61,527$57,993$54,663$51,527$48,575$44,995
7 years$52,207$48,702$45,425$42,363$39,504$36,072
8 years$45,220$41,747$38,524$35,538$32,773$29,487
9 years$39,788$36,348$33,181$30,270$27,599$24,460
10 years$35,446$32,039$28,928$26,093$23,516$20,520
11 years$31,895$28,522$25,468$22,709$20,225$17,370
12 years$28,938$25,600$22,602$19,919$17,526$14,810
13 years$26,438$23,135$20,193$17,585$15,283$12,702
14 years$24,297$21,029$18,144$15,610$13,397$10,948
15 years$22,443$19,211$16,381$13,922$11,796$9,474
16 years$20,823$17,625$14,852$12,465$10,425$8,227
17 years$19,394$16,232$13,515$11,200$9,244$7,165
18 years$18,126$14,999$12,337$10,093$8,219$6,256
19 years$16,993$13,901$11,294$9,120$7,326$5,474
20 years$15,974$12,918$10,365$8,260$6,544$4,799
21 years$15,053$12,032$9,534$7,497$5,856$4,213
22 years$14,217$11,232$8,787$6,816$5,249$3,704
23 years$13,455$10,505$8,113$6,208$4,712$3,261
24 years$12,758$9,842$7,503$5,662$4,235$2,874
25 years$12,117$9,237$6,950$5,171$3,811$2,535
26 years$11,527$8,681$6,445$4,728$3,433$2,237
27 years$10,981$8,170$5,985$4,327$3,095$1,976
28 years$10,475$7,698$5,564$3,965$2,793$1,747
29 years$10,005$7,262$5,178$3,636$2,522$1,545
30 years$9,567$6,859$4,823$3,337$2,278$1,367
31 years$9,158$6,484$4,496$3,065$2,060$1,210
32 years$8,776$6,135$4,195$2,816$1,863$1,072
33 years$8,417$5,810$3,917$2,590$1,686$949
34 years$8,080$5,506$3,660$2,383$1,527$841
35 years$7,763$5,223$3,422$2,194$1,383$745
36 years$7,465$4,957$3,201$2,020$1,253$661
37 years$7,183$4,708$2,996$1,861$1,136$586
38 years$6,917$4,474$2,806$1,716$1,030$520
39 years$6,664$4,255$2,629$1,582$934$461
40 years$6,426$4,048$2,464$1,459$847$409
41 years$6,199$3,853$2,310$1,346$768$363
42 years$5,984$3,670$2,167$1,242$697$322
43 years$5,779$3,497$2,033$1,147$633$286
44 years$5,584$3,333$1,909$1,059$574$254
45 years$5,399$3,178$1,792$978$521$225
46 years$5,222$3,032$1,683$903$473$200
47 years$5,053$2,893$1,581$835$430$177
48 years$4,891$2,762$1,486$771$390$157
49 years$4,737$2,638$1,397$713$355$140
50 years$4,589$2,520$1,313$659$322$124

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 $4,840 every year, while hoping to spend $38,941 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: 37/40/23 Blend
65$4,700,000$4,700,000$4,700,000$4,700,000
66$5,184,392$4,935,292$4,862,442$5,340,235
67$5,671,768$5,135,689$4,983,901$5,654,935
68$6,207,550$5,344,600$5,108,124$5,990,667
69$6,796,636$5,562,401$5,235,162$6,352,535
70$7,444,419$5,789,485$5,365,067$6,742,917
71$8,156,845$6,026,265$5,497,891$7,164,420
72$8,940,460$6,273,169$5,633,688$7,619,908
73$9,802,480$6,530,647$5,772,509$8,112,523
74$10,750,854$6,799,170$5,914,409$8,645,718
75$11,794,341$7,079,229$6,059,441$9,223,282
76$12,942,590$7,371,337$6,207,659$9,849,379
77$14,206,236$7,676,034$6,359,117$10,528,584
78$15,596,993$7,993,882$6,513,869$11,265,921
79$17,127,773$8,325,468$6,671,970$12,066,915
80$18,812,798$8,671,408$6,833,473$12,937,637
81$20,667,742$9,032,346$6,998,434$13,884,761
82$22,709,876$9,408,955$7,166,906$14,915,623
83$24,958,230$9,801,940$7,338,943$16,038,293
84$27,433,771$10,212,038$7,514,600$17,261,641
85$30,159,607$10,640,019$7,693,930$18,595,426
86$33,161,197$11,086,690$7,876,987$20,050,379
87$36,466,597$11,552,895$8,063,824$21,638,308
88$40,106,721$12,039,518$8,254,492$23,372,199
89$44,115,633$12,547,482$8,449,045$25,266,344
90$48,530,873$13,077,753$8,647,534$27,336,465
91$53,393,804$13,631,345$8,850,008$29,599,866
92$58,750,007$14,209,315$9,056,517$32,075,588
93$64,649,708$14,812,772$9,267,111$34,784,586
94$71,148,255$15,442,876$9,481,837$37,749,927
95$78,306,640$16,100,839$9,700,740$40,996,998
96$86,192,069$16,787,931$9,923,867$44,553,748
97$94,878,603$17,505,484$10,151,260$48,450,941
98$104,447,855$18,254,887$10,382,962$52,722,449
99$114,989,757$19,037,597$10,619,012$57,405,562
100$126,603,412$19,855,139$10,859,448$62,541,336