Can I retire at age 66 with 4,200,000?

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 $4,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$346,832$343,743$340,729$337,787$334,914$327,750
2 years$171,699$168,501$165,402$162,397$159,483$152,300
3 years$113,329$110,117$107,026$104,050$101,182$94,205
4 years$84,150$80,948$77,888$74,962$72,164$65,446
5 years$66,647$63,464$60,444$57,578$54,858$48,418
6 years$54,982$51,823$48,848$46,046$43,407$37,253
7 years$46,653$43,521$40,593$37,857$35,302$29,433
8 years$40,409$37,306$34,426$31,757$29,286$23,702
9 years$35,556$32,481$29,651$27,050$24,663$19,359
10 years$31,675$28,631$25,850$23,317$21,014$15,985
11 years$28,502$25,488$22,758$20,293$18,073$13,313
12 years$25,860$22,877$20,197$17,800$15,662$11,162
13 years$23,626$20,674$18,045$15,714$13,657$9,411
14 years$21,712$18,792$16,214$13,950$11,972$7,971
15 years$20,056$17,167$14,639$12,441$10,541$6,776
16 years$18,608$15,750$13,272$11,139$9,316$5,778
17 years$17,331$14,505$12,077$10,008$8,260$4,940
18 years$16,198$13,404$11,025$9,020$7,345$4,233
19 years$15,185$12,422$10,093$8,150$6,547$3,634
20 years$14,274$11,543$9,263$7,381$5,847$3,124
21 years$13,452$10,752$8,520$6,699$5,233$2,690
22 years$12,705$10,037$7,852$6,091$4,690$2,318
23 years$12,024$9,387$7,250$5,547$4,210$2,000
24 years$11,401$8,795$6,705$5,059$3,784$1,727
25 years$10,828$8,254$6,210$4,621$3,405$1,492
26 years$10,301$7,757$5,760$4,225$3,067$1,290
27 years$9,813$7,301$5,348$3,867$2,766$1,116
28 years$9,361$6,879$4,972$3,543$2,495$966
29 years$8,941$6,490$4,627$3,249$2,253$837
30 years$8,549$6,129$4,310$2,982$2,036$725
31 years$8,184$5,794$4,018$2,739$1,841$628
32 years$7,842$5,482$3,749$2,517$1,665$544
33 years$7,522$5,192$3,500$2,314$1,507$472
34 years$7,221$4,921$3,270$2,129$1,364$409
35 years$6,937$4,667$3,058$1,960$1,236$355
36 years$6,671$4,430$2,860$1,805$1,120$307
37 years$6,419$4,207$2,677$1,663$1,015$267
38 years$6,181$3,998$2,507$1,533$920$231
39 years$5,956$3,802$2,349$1,414$834$201
40 years$5,742$3,617$2,202$1,304$757$174
41 years$5,540$3,443$2,064$1,203$687$151
42 years$5,347$3,279$1,937$1,110$623$131
43 years$5,164$3,125$1,817$1,025$565$114
44 years$4,990$2,978$1,706$946$513$99
45 years$4,824$2,840$1,602$874$466$86
46 years$4,666$2,709$1,504$807$423$74
47 years$4,515$2,586$1,413$746$384$65
48 years$4,371$2,468$1,328$689$349$56
49 years$4,233$2,357$1,248$637$317$49
50 years$4,101$2,252$1,174$589$288$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $4,200,000, adding $2,889 every year, while hoping to spend $48,680 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: 55/40/5 Blend
65$4,200,000$4,200,000$4,200,000$4,200,000
66$4,631,380$4,408,780$4,343,680$4,881,233
67$5,051,986$4,573,015$4,437,398$5,214,156
68$5,513,861$4,743,666$4,532,624$5,570,751
69$6,021,166$4,920,996$4,629,358$5,957,765
70$6,578,479$5,105,279$4,727,595$6,378,088
71$7,190,848$5,296,802$4,827,334$6,834,900
72$7,863,831$5,495,862$4,928,566$7,331,695
73$8,603,553$5,702,771$5,031,285$7,872,315
74$9,416,762$5,917,853$5,135,479$8,460,986
75$10,310,891$6,141,447$5,241,137$9,102,354
76$11,294,130$6,373,906$5,348,243$9,801,531
77$12,375,502$6,615,598$5,456,780$10,564,141
78$13,564,950$6,866,909$5,566,729$11,396,369
79$14,873,426$7,128,239$5,678,066$12,305,022
80$16,313,000$7,400,007$5,790,765$13,297,588
81$17,896,969$7,682,650$5,904,799$14,382,310
82$19,639,984$7,976,624$6,020,134$15,568,258
83$21,558,188$8,282,405$6,136,734$16,865,413
84$23,669,369$8,600,489$6,254,561$18,284,764
85$25,993,127$8,931,395$6,373,571$19,838,406
86$28,551,057$9,275,664$6,493,716$21,539,651
87$31,366,954$9,633,861$6,614,945$23,403,158
88$34,467,039$10,006,576$6,737,201$25,445,063
89$37,880,203$10,394,424$6,860,424$27,683,133
90$41,638,283$10,798,049$6,984,546$30,136,930
91$45,776,356$11,218,123$7,109,497$32,827,993
92$50,333,079$11,655,345$7,235,200$35,780,043
93$55,351,045$12,110,449$7,361,571$39,019,198
94$60,877,189$12,584,198$7,488,521$42,574,222
95$66,963,230$13,077,392$7,615,954$46,476,792
96$73,666,159$13,590,864$7,743,769$50,761,796
97$81,048,777$14,125,486$7,871,855$55,467,657
98$89,180,285$14,682,167$8,000,094$60,636,694
99$98,136,939$15,261,858$8,128,363$66,315,520
100$108,002,770$15,865,553$8,256,526$72,555,474