Can I retire at age 66 with 4,900,000?

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 $4,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$404,637$401,033$397,517$394,084$390,733$387,136
2 years$200,316$196,585$192,969$189,464$186,063$182,439
3 years$132,217$128,470$124,864$121,391$118,046$114,507
4 years$98,175$94,439$90,869$87,456$84,192$80,765
5 years$77,754$74,042$70,518$67,174$64,001$60,697
6 years$64,145$60,461$56,989$53,720$50,642$47,465
7 years$54,429$50,775$47,358$44,166$41,185$38,136
8 years$47,144$43,523$40,163$37,050$34,167$31,246
9 years$41,482$37,895$34,593$31,558$28,774$25,980
10 years$36,954$33,402$30,159$27,203$24,517$21,848
11 years$33,252$29,736$26,551$23,675$21,085$18,540
12 years$30,170$26,690$23,564$20,766$18,272$15,848
13 years$27,563$24,120$21,053$18,334$15,934$13,627
14 years$25,331$21,924$18,916$16,274$13,967$11,776
15 years$23,398$20,028$17,078$14,514$12,298$10,219
16 years$21,709$18,375$15,484$12,996$10,869$8,898
17 years$20,220$16,923$14,090$11,676$9,637$7,771
18 years$18,897$15,638$12,862$10,523$8,569$6,805
19 years$17,716$14,493$11,775$9,508$7,638$5,971
20 years$16,654$13,467$10,806$8,612$6,822$5,250
21 years$15,694$12,544$9,940$7,816$6,105$4,623
22 years$14,822$11,710$9,161$7,106$5,472$4,077
23 years$14,028$10,952$8,459$6,472$4,912$3,600
24 years$13,301$10,261$7,823$5,903$4,415$3,182
25 years$12,633$9,630$7,245$5,391$3,973$2,815
26 years$12,017$9,050$6,720$4,929$3,579$2,493
27 years$11,448$8,517$6,240$4,512$3,227$2,209
28 years$10,921$8,026$5,801$4,134$2,911$1,959
29 years$10,431$7,571$5,398$3,791$2,629$1,738
30 years$9,974$7,150$5,028$3,479$2,375$1,543
31 years$9,548$6,760$4,688$3,195$2,148$1,370
32 years$9,149$6,396$4,374$2,936$1,943$1,218
33 years$8,775$6,057$4,084$2,700$1,758$1,082
34 years$8,424$5,741$3,816$2,484$1,592$962
35 years$8,094$5,445$3,567$2,287$1,442$856
36 years$7,782$5,168$3,337$2,106$1,306$761
37 years$7,489$4,908$3,123$1,941$1,184$677
38 years$7,211$4,665$2,925$1,789$1,073$603
39 years$6,948$4,436$2,740$1,649$973$536
40 years$6,699$4,220$2,569$1,521$883$477
41 years$6,463$4,017$2,408$1,404$801$425
42 years$6,238$3,826$2,259$1,295$727$378
43 years$6,025$3,645$2,120$1,196$660$337
44 years$5,822$3,475$1,990$1,104$599$300
45 years$5,628$3,314$1,869$1,020$544$267
46 years$5,444$3,161$1,755$942$493$238
47 years$5,268$3,017$1,649$870$448$212
48 years$5,099$2,880$1,549$804$407$189
49 years$4,938$2,750$1,456$743$370$168
50 years$4,784$2,627$1,369$687$336$150

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $4,900,000, adding $5,313 every year, while hoping to spend $33,772 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: 59/16/25 Blend
65$4,900,000$4,900,000$4,900,000$4,900,000
66$5,405,280$5,145,580$5,069,630$5,687,486
67$5,920,686$5,361,781$5,203,530$6,096,640
68$6,487,531$5,587,443$5,340,783$6,538,616
69$7,111,026$5,822,995$5,481,467$7,019,973
70$7,796,914$6,068,885$5,625,659$7,544,542
71$8,551,520$6,325,581$5,773,439$8,116,533
72$9,381,815$6,593,574$5,924,889$8,740,582
73$10,295,477$6,873,377$6,080,090$9,421,791
74$11,300,970$7,165,526$6,239,128$10,165,772
75$12,407,617$7,470,585$6,402,086$10,978,705
76$13,625,691$7,789,141$6,569,054$11,867,390
77$14,966,513$8,121,810$6,740,118$12,839,313
78$16,442,555$8,469,236$6,915,369$13,902,717
79$18,067,561$8,832,094$7,094,900$15,066,673
80$19,856,675$9,211,090$7,278,802$16,341,171
81$21,826,585$9,606,963$7,467,171$17,737,210
82$23,995,679$10,020,486$7,660,103$19,266,899
83$26,384,217$10,452,469$7,857,696$20,943,574
84$29,014,528$10,903,760$8,060,049$22,781,919
85$31,911,212$11,375,247$8,267,263$24,798,105
86$35,101,381$11,867,859$8,479,441$27,009,941
87$38,614,905$12,382,568$8,696,687$29,437,040
88$42,484,705$12,920,393$8,919,105$32,101,003
89$46,747,053$13,482,401$9,146,803$35,025,622
90$51,441,922$14,069,707$9,379,890$38,237,100
91$56,613,357$14,683,482$9,618,476$41,764,300
92$62,309,896$15,324,949$9,862,671$45,639,016
93$68,585,024$15,995,390$10,112,589$49,896,266
94$75,497,680$16,696,148$10,368,344$54,574,626
95$83,112,812$17,428,627$10,630,052$59,716,590
96$91,501,989$18,194,301$10,897,830$65,368,970
97$100,744,081$18,994,711$11,171,796$71,583,332
98$110,925,996$19,831,470$11,452,070$78,416,486
99$122,143,506$20,706,271$11,738,773$85,931,016
100$134,502,148$21,620,882$12,032,026$94,195,870