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%17.9%
1 years$396,380$392,849$389,404$386,042$382,759$370,506
2 years$196,227$192,573$189,031$185,597$182,266$170,035
3 years$129,519$125,849$122,316$118,914$115,637$103,811
4 years$96,171$92,512$89,014$85,671$82,473$71,143
5 years$76,168$72,531$69,079$65,803$62,695$51,891
6 years$62,836$59,227$55,826$52,623$49,608$39,339
7 years$53,318$49,738$46,392$43,265$40,345$30,610
8 years$46,182$42,635$39,344$36,294$33,470$24,263
9 years$40,635$37,121$33,887$30,914$28,187$19,496
10 years$36,200$32,721$29,543$26,648$24,016$15,830
11 years$32,574$29,129$26,009$23,192$20,655$12,957
12 years$29,554$26,145$23,083$20,342$17,899$10,673
13 years$27,001$23,627$20,623$17,959$15,608$8,837
14 years$24,814$21,477$18,530$15,942$13,682$7,347
15 years$22,921$19,619$16,730$14,218$12,047$6,128
16 years$21,266$18,000$15,168$12,730$10,647$5,126
17 years$19,807$16,578$13,802$11,438$9,440$4,297
18 years$18,512$15,318$12,600$10,308$8,394$3,609
19 years$17,354$14,197$11,534$9,314$7,482$3,036
20 years$16,314$13,193$10,586$8,436$6,683$2,557
21 years$15,373$12,288$9,737$7,656$5,980$2,157
22 years$14,520$11,471$8,974$6,961$5,361$1,820
23 years$13,742$10,728$8,286$6,340$4,812$1,537
24 years$13,029$10,052$7,663$5,782$4,325$1,299
25 years$12,375$9,433$7,098$5,281$3,892$1,099
26 years$11,772$8,866$6,583$4,828$3,506$930
27 years$11,215$8,344$6,113$4,419$3,161$787
28 years$10,698$7,862$5,682$4,049$2,852$666
29 years$10,218$7,417$5,288$3,713$2,575$564
30 years$9,771$7,005$4,926$3,408$2,327$478
31 years$9,353$6,622$4,592$3,130$2,104$405
32 years$8,962$6,265$4,284$2,876$1,903$343
33 years$8,596$5,933$4,000$2,645$1,722$291
34 years$8,252$5,624$3,738$2,434$1,559$246
35 years$7,928$5,334$3,494$2,240$1,412$209
36 years$7,624$5,063$3,269$2,063$1,280$177
37 years$7,336$4,808$3,060$1,901$1,160$150
38 years$7,064$4,570$2,865$1,752$1,051$127
39 years$6,806$4,345$2,684$1,616$953$108
40 years$6,562$4,134$2,516$1,490$865$92
41 years$6,331$3,935$2,359$1,375$785$78
42 years$6,111$3,748$2,213$1,269$712$66
43 years$5,902$3,571$2,077$1,171$646$56
44 years$5,703$3,404$1,949$1,082$586$47
45 years$5,513$3,246$1,830$999$532$40
46 years$5,333$3,096$1,719$923$483$34
47 years$5,160$2,955$1,615$852$439$29
48 years$4,995$2,821$1,518$788$399$24
49 years$4,837$2,694$1,427$728$362$21
50 years$4,686$2,573$1,341$673$329$18

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 $5,363 every year, while hoping to spend $34,008 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: 59/19/22 Blend
65$4,800,000$4,800,000$4,800,000$4,800,000
66$5,295,132$5,040,732$4,966,332$5,576,227
67$5,799,051$5,251,544$5,096,520$5,978,689
68$6,353,230$5,471,545$5,229,929$6,413,275
69$6,962,760$5,701,151$5,366,632$6,886,514
70$7,633,249$5,940,795$5,506,702$7,402,157
71$8,370,877$6,190,930$5,650,213$7,964,329
72$9,182,453$6,452,032$5,797,241$8,577,568
73$10,075,478$6,724,597$5,947,864$9,246,870
74$11,058,219$7,009,145$6,102,160$9,977,729
75$12,139,784$7,306,219$6,260,208$10,776,195
76$13,330,207$7,616,389$6,422,090$11,648,924
77$14,640,547$7,940,251$6,587,889$12,603,243
78$16,082,987$8,278,427$6,757,688$13,647,217
79$17,670,952$8,631,571$6,931,571$14,789,725
80$19,419,237$9,000,365$7,109,626$16,040,540
81$21,344,140$9,385,525$7,291,940$17,410,424
82$23,463,625$9,787,798$7,478,602$18,911,224
83$25,797,482$10,207,967$7,669,702$20,555,985
84$28,367,520$10,646,852$7,865,332$22,359,071
85$31,197,770$11,105,312$8,065,585$24,336,298
86$34,314,715$11,584,244$8,270,554$26,505,086
87$37,747,533$12,084,589$8,480,335$28,884,615
88$41,528,379$12,607,332$8,695,024$31,496,011
89$45,692,685$13,153,502$8,914,718$34,362,537
90$50,279,496$13,724,181$9,139,518$37,509,817
91$55,331,835$14,320,496$9,369,522$40,966,073
92$60,897,113$14,943,631$9,604,833$44,762,390
93$67,027,575$15,594,826$9,845,551$48,933,005
94$73,780,791$16,275,375$10,091,780$53,515,633
95$81,220,202$16,986,639$10,343,625$58,551,815
96$89,415,716$17,730,038$10,601,190$64,087,313
97$98,444,371$18,507,062$10,864,582$70,172,536
98$108,391,059$19,319,270$11,133,907$76,863,013
99$119,349,328$20,168,295$11,409,274$84,219,919
100$131,422,265$21,055,847$11,690,791$92,310,644