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

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 $4,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$330,316$327,374$324,503$321,702$318,966$315,635
2 years$163,523$160,477$157,526$154,664$151,888$148,534
3 years$107,932$104,874$101,930$99,095$96,364$93,090
4 years$80,143$77,093$74,179$71,392$68,728$65,560
5 years$63,473$60,442$57,566$54,836$52,246$49,193
6 years$52,364$49,356$46,522$43,853$41,340$38,406
7 years$44,431$41,449$38,660$36,054$33,621$30,807
8 years$38,485$35,529$32,787$30,245$27,892$25,198
9 years$33,863$30,935$28,239$25,762$23,489$20,914
10 years$30,167$27,267$24,619$22,207$20,014$17,556
11 years$27,145$24,274$21,675$19,327$17,212$14,870
12 years$24,628$21,787$19,236$16,952$14,916$12,687
13 years$22,501$19,689$17,186$14,966$13,007$10,888
14 years$20,678$17,897$15,441$13,285$11,402$9,390
15 years$19,101$16,349$13,942$11,848$10,039$8,132
16 years$17,722$15,000$12,640$10,609$8,873$7,067
17 years$16,506$13,815$11,502$9,532$7,867$6,159
18 years$15,426$12,765$10,500$8,590$6,995$5,381
19 years$14,462$11,831$9,612$7,762$6,235$4,712
20 years$13,595$10,994$8,821$7,030$5,569$4,133
21 years$12,811$10,240$8,114$6,380$4,984$3,632
22 years$12,100$9,559$7,478$5,801$4,467$3,196
23 years$11,451$8,940$6,905$5,283$4,010$2,815
24 years$10,858$8,376$6,386$4,818$3,604$2,483
25 years$10,313$7,861$5,915$4,400$3,243$2,192
26 years$9,810$7,388$5,486$4,024$2,921$1,936
27 years$9,346$6,953$5,094$3,683$2,634$1,712
28 years$8,915$6,552$4,735$3,374$2,377$1,514
29 years$8,515$6,181$4,407$3,094$2,146$1,340
30 years$8,142$5,837$4,105$2,840$1,939$1,187
31 years$7,794$5,518$3,827$2,608$1,753$1,051
32 years$7,469$5,221$3,570$2,397$1,586$932
33 years$7,163$4,945$3,334$2,204$1,435$826
34 years$6,877$4,686$3,115$2,028$1,299$733
35 years$6,607$4,445$2,912$1,867$1,177$650
36 years$6,353$4,219$2,724$1,719$1,066$577
37 years$6,113$4,007$2,550$1,584$966$512
38 years$5,886$3,808$2,388$1,460$876$454
39 years$5,672$3,621$2,237$1,346$795$403
40 years$5,469$3,445$2,097$1,242$721$358
41 years$5,276$3,279$1,966$1,146$654$318
42 years$5,093$3,123$1,844$1,057$593$282
43 years$4,918$2,976$1,731$976$538$251
44 years$4,753$2,837$1,624$901$489$223
45 years$4,595$2,705$1,525$832$444$198
46 years$4,444$2,580$1,433$769$403$176
47 years$4,300$2,462$1,346$710$366$156
48 years$4,163$2,351$1,265$656$332$139
49 years$4,031$2,245$1,189$607$302$123
50 years$3,905$2,144$1,118$561$274$110

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $4,000,000, adding $3,445 every year, while hoping to spend $47,571 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: 56/37/7 Blend
65$4,000,000$4,000,000$4,000,000$4,000,000
66$4,411,554$4,199,554$4,137,554$4,651,486
67$4,810,917$4,354,716$4,225,546$4,968,734
68$5,249,421$4,515,888$4,314,893$5,308,486
69$5,731,008$4,683,312$4,405,587$5,677,354
70$6,260,020$4,857,244$4,497,624$6,078,117
71$6,841,241$5,037,949$4,590,994$6,513,828
72$7,479,943$5,225,703$4,685,687$6,987,847
73$8,181,930$5,420,795$4,781,690$7,503,868
74$8,953,599$5,623,526$4,878,989$8,065,954
75$9,801,997$5,834,211$4,977,567$8,678,576
76$10,734,889$6,053,175$5,077,403$9,346,650
77$11,760,828$6,280,761$5,178,477$10,075,586
78$12,889,239$6,517,324$5,280,762$10,871,337
79$14,130,504$6,763,237$5,384,231$11,740,452
80$15,496,066$7,018,886$5,488,853$12,690,141
81$16,998,529$7,284,675$5,594,594$13,728,337
82$18,651,782$7,561,027$5,701,415$14,863,772
83$20,471,128$7,848,382$5,809,277$16,106,058
84$22,473,428$8,147,198$5,918,133$17,465,775
85$24,677,262$8,457,954$6,027,935$18,954,573
86$27,103,101$8,781,152$6,138,628$20,585,273
87$29,773,500$9,117,312$6,250,156$22,371,995
88$32,713,316$9,466,979$6,362,455$24,330,285
89$35,949,935$9,830,722$6,475,458$26,477,260
90$39,513,535$10,209,134$6,589,092$28,831,767
91$43,437,369$10,602,834$6,703,280$31,414,563
92$47,758,077$11,012,470$6,817,936$34,248,506
93$52,516,035$11,438,715$6,932,971$37,358,767
94$57,755,734$11,882,276$7,048,290$40,773,069
95$63,526,199$12,343,887$7,163,787$44,521,945
96$69,881,452$12,824,318$7,279,355$48,639,024
97$76,881,021$13,324,371$7,394,874$53,161,345
98$84,590,504$13,844,884$7,510,221$58,129,706
99$93,082,184$14,386,732$7,625,262$63,589,045
100$102,435,714$14,950,829$7,739,856$69,588,862