Can I retire at age 66 with 4,800,000?

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 $4,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$396,380$392,849$389,404$386,042$382,759$368,154
2 years$196,227$192,573$189,031$185,597$182,266$167,724
3 years$129,519$125,849$122,316$118,914$115,637$101,615
4 years$96,171$92,512$89,014$85,671$82,473$69,078
5 years$76,168$72,531$69,079$65,803$62,695$49,961
6 years$62,836$59,227$55,826$52,623$49,608$37,545
7 years$53,318$49,738$46,392$43,265$40,345$28,948
8 years$46,182$42,635$39,344$36,294$33,470$22,729
9 years$40,635$37,121$33,887$30,914$28,187$18,085
10 years$36,200$32,721$29,543$26,648$24,016$14,537
11 years$32,574$29,129$26,009$23,192$20,655$11,776
12 years$29,554$26,145$23,083$20,342$17,899$9,597
13 years$27,001$23,627$20,623$17,959$15,608$7,860
14 years$24,814$21,477$18,530$15,942$13,682$6,462
15 years$22,921$19,619$16,730$14,218$12,047$5,329
16 years$21,266$18,000$15,168$12,730$10,647$4,406
17 years$19,807$16,578$13,802$11,438$9,440$3,650
18 years$18,512$15,318$12,600$10,308$8,394$3,030
19 years$17,354$14,197$11,534$9,314$7,482$2,518
20 years$16,314$13,193$10,586$8,436$6,683$2,095
21 years$15,373$12,288$9,737$7,656$5,980$1,745
22 years$14,520$11,471$8,974$6,961$5,361$1,454
23 years$13,742$10,728$8,286$6,340$4,812$1,213
24 years$13,029$10,052$7,663$5,782$4,325$1,012
25 years$12,375$9,433$7,098$5,281$3,892$845
26 years$11,772$8,866$6,583$4,828$3,506$706
27 years$11,215$8,344$6,113$4,419$3,161$590
28 years$10,698$7,862$5,682$4,049$2,852$493
29 years$10,218$7,417$5,288$3,713$2,575$412
30 years$9,771$7,005$4,926$3,408$2,327$344
31 years$9,353$6,622$4,592$3,130$2,104$288
32 years$8,962$6,265$4,284$2,876$1,903$241
33 years$8,596$5,933$4,000$2,645$1,722$201
34 years$8,252$5,624$3,738$2,434$1,559$168
35 years$7,928$5,334$3,494$2,240$1,412$141
36 years$7,624$5,063$3,269$2,063$1,280$118
37 years$7,336$4,808$3,060$1,901$1,160$99
38 years$7,064$4,570$2,865$1,752$1,051$83
39 years$6,806$4,345$2,684$1,616$953$69
40 years$6,562$4,134$2,516$1,490$865$58
41 years$6,331$3,935$2,359$1,375$785$48
42 years$6,111$3,748$2,213$1,269$712$40
43 years$5,902$3,571$2,077$1,171$646$34
44 years$5,703$3,404$1,949$1,082$586$28
45 years$5,513$3,246$1,830$999$532$24
46 years$5,333$3,096$1,719$923$483$20
47 years$5,160$2,955$1,615$852$439$17
48 years$4,995$2,821$1,518$788$399$14
49 years$4,837$2,694$1,427$728$362$12
50 years$4,686$2,573$1,341$673$329$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $4,800,000, adding $3,826 every year, while hoping to spend $31,875 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: 38/36/26 Blend
65$4,800,000$4,800,000$4,800,000$4,800,000
66$5,293,547$5,039,147$4,964,747$5,453,529
67$5,799,574$5,252,150$5,097,151$5,783,915
68$6,356,147$5,474,522$5,232,922$6,137,515
69$6,968,389$5,706,689$5,372,140$6,519,054
70$7,641,943$5,949,095$5,514,885$6,931,084
71$8,383,027$6,202,206$5,661,240$7,376,409
72$9,198,492$6,466,511$5,811,287$7,858,103
73$10,095,887$6,742,519$5,965,114$8,379,544
74$11,083,530$7,030,764$6,122,808$8,944,440
75$12,170,584$7,331,806$6,284,457$9,556,864
76$13,367,149$7,646,230$6,450,152$10,221,289
77$14,684,352$7,974,649$6,619,985$10,942,633
78$16,134,452$8,317,703$6,794,051$11,726,296
79$17,730,960$8,676,065$6,972,445$12,578,216
80$19,488,762$9,050,436$7,155,266$13,504,917
81$21,424,261$9,441,552$7,342,613$14,513,573
82$23,555,531$9,850,184$7,534,586$15,612,073
83$25,902,490$10,277,138$7,731,289$16,809,087
84$28,487,084$10,723,257$7,932,828$18,114,154
85$31,333,497$11,189,427$8,139,307$19,537,763
86$34,468,377$11,676,572$8,350,837$21,091,452
87$37,921,088$12,185,661$8,567,527$22,787,914
88$41,723,990$12,717,709$8,789,490$24,641,113
89$45,912,738$13,273,779$9,016,840$26,666,412
90$50,526,626$13,854,982$9,249,692$28,880,716
91$55,608,950$14,462,484$9,488,165$31,302,629
92$61,207,421$15,097,504$9,732,377$33,952,623
93$67,374,618$15,761,322$9,982,451$36,853,231
94$74,168,475$16,455,273$10,238,510$40,029,252
95$81,652,838$17,180,760$10,500,678$43,507,984
96$89,898,060$17,939,250$10,769,084$47,319,478
97$98,981,669$18,732,279$11,043,854$51,496,815
98$108,989,097$19,561,459$11,325,121$56,076,412
99$120,014,489$20,428,474$11,613,016$61,098,367
100$132,161,588$21,335,090$11,907,674$66,606,826