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%18.9%
1 years$396,380$392,849$389,404$386,042$382,759$369,031
2 years$196,227$192,573$189,031$185,597$182,266$168,584
3 years$129,519$125,849$122,316$118,914$115,637$102,431
4 years$96,171$92,512$89,014$85,671$82,473$69,844
5 years$76,168$72,531$69,079$65,803$62,695$50,676
6 years$62,836$59,227$55,826$52,623$49,608$38,208
7 years$53,318$49,738$46,392$43,265$40,345$29,560
8 years$46,182$42,635$39,344$36,294$33,470$23,292
9 years$40,635$37,121$33,887$30,914$28,187$18,602
10 years$36,200$32,721$29,543$26,648$24,016$15,009
11 years$32,574$29,129$26,009$23,192$20,655$12,206
12 years$29,554$26,145$23,083$20,342$17,899$9,988
13 years$27,001$23,627$20,623$17,959$15,608$8,213
14 years$24,814$21,477$18,530$15,942$13,682$6,781
15 years$22,921$19,619$16,730$14,218$12,047$5,616
16 years$21,266$18,000$15,168$12,730$10,647$4,664
17 years$19,807$16,578$13,802$11,438$9,440$3,881
18 years$18,512$15,318$12,600$10,308$8,394$3,236
19 years$17,354$14,197$11,534$9,314$7,482$2,701
20 years$16,314$13,193$10,586$8,436$6,683$2,258
21 years$15,373$12,288$9,737$7,656$5,980$1,889
22 years$14,520$11,471$8,974$6,961$5,361$1,582
23 years$13,742$10,728$8,286$6,340$4,812$1,326
24 years$13,029$10,052$7,663$5,782$4,325$1,112
25 years$12,375$9,433$7,098$5,281$3,892$933
26 years$11,772$8,866$6,583$4,828$3,506$783
27 years$11,215$8,344$6,113$4,419$3,161$657
28 years$10,698$7,862$5,682$4,049$2,852$552
29 years$10,218$7,417$5,288$3,713$2,575$464
30 years$9,771$7,005$4,926$3,408$2,327$389
31 years$9,353$6,622$4,592$3,130$2,104$327
32 years$8,962$6,265$4,284$2,876$1,903$275
33 years$8,596$5,933$4,000$2,645$1,722$231
34 years$8,252$5,624$3,738$2,434$1,559$194
35 years$7,928$5,334$3,494$2,240$1,412$163
36 years$7,624$5,063$3,269$2,063$1,280$137
37 years$7,336$4,808$3,060$1,901$1,160$115
38 years$7,064$4,570$2,865$1,752$1,051$97
39 years$6,806$4,345$2,684$1,616$953$82
40 years$6,562$4,134$2,516$1,490$865$69
41 years$6,331$3,935$2,359$1,375$785$58
42 years$6,111$3,748$2,213$1,269$712$49
43 years$5,902$3,571$2,077$1,171$646$41
44 years$5,703$3,404$1,949$1,082$586$34
45 years$5,513$3,246$1,830$999$532$29
46 years$5,333$3,096$1,719$923$483$24
47 years$5,160$2,955$1,615$852$439$20
48 years$4,995$2,821$1,518$788$399$17
49 years$4,837$2,694$1,427$728$362$14
50 years$4,686$2,573$1,341$673$329$12

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 $5,948 every year, while hoping to spend $27,828 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: 77/11/12 Blend
65$4,800,000$4,800,000$4,800,000$4,800,000
66$5,295,735$5,041,335$4,966,935$5,690,823
67$5,806,292$5,258,752$5,103,719$6,169,245
68$6,367,992$5,485,889$5,244,152$6,689,578
69$6,986,024$5,723,194$5,388,328$7,259,351
70$7,666,102$5,971,135$5,536,341$7,883,479
71$8,414,525$6,230,201$5,688,289$8,567,374
72$9,238,231$6,500,906$5,844,271$9,316,996
73$10,144,866$6,783,786$6,004,390$10,138,907
74$11,142,855$7,079,403$6,168,749$11,040,334
75$12,241,479$7,388,347$6,337,455$12,029,235
76$13,450,968$7,711,234$6,510,618$13,114,373
77$14,782,592$8,048,710$6,688,348$14,305,401
78$16,248,769$8,401,450$6,870,761$15,612,949
79$17,863,185$8,770,162$7,057,973$17,048,724
80$19,640,918$9,155,588$7,250,103$18,625,623
81$21,598,584$9,558,504$7,447,274$20,357,849
82$23,754,492$9,979,723$7,649,610$22,261,048
83$26,128,817$10,420,097$7,857,239$24,352,454
84$28,743,792$10,880,517$8,070,292$26,651,050
85$31,623,914$11,361,918$8,288,902$29,177,748
86$34,796,179$11,865,277$8,513,206$31,955,586
87$38,290,333$12,391,619$8,743,342$35,009,940
88$42,139,157$12,942,019$8,979,454$38,368,766
89$46,378,771$13,517,598$9,221,686$42,062,864
90$51,048,981$14,119,536$9,470,188$46,126,163
91$56,193,650$14,749,066$9,725,112$50,596,044
92$61,861,111$15,407,479$9,986,612$55,513,690
93$68,104,628$16,096,129$10,254,847$60,924,472
94$74,982,895$16,816,434$10,529,979$66,878,378
95$82,560,590$17,569,879$10,812,173$73,430,483
96$90,908,987$18,358,020$11,101,598$80,641,465
97$100,106,629$19,182,488$11,398,427$88,578,182
98$110,240,064$20,044,990$11,702,834$97,314,292
99$121,404,671$20,947,314$12,014,999$106,930,956
100$133,705,552$21,891,337$12,335,106$117,517,597