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%12.9%
1 years$404,637$401,033$397,517$394,084$390,733$386,010
2 years$200,316$196,585$192,969$189,464$186,063$181,311
3 years$132,217$128,470$124,864$121,391$118,046$113,411
4 years$98,175$94,439$90,869$87,456$84,192$79,710
5 years$77,754$74,042$70,518$67,174$64,001$59,685
6 years$64,145$60,461$56,989$53,720$50,642$46,498
7 years$54,429$50,775$47,358$44,166$41,185$37,214
8 years$47,144$43,523$40,163$37,050$34,167$30,369
9 years$41,482$37,895$34,593$31,558$28,774$25,147
10 years$36,954$33,402$30,159$27,203$24,517$21,058
11 years$33,252$29,736$26,551$23,675$21,085$17,792
12 years$30,170$26,690$23,564$20,766$18,272$15,141
13 years$27,563$24,120$21,053$18,334$15,934$12,961
14 years$25,331$21,924$18,916$16,274$13,967$11,148
15 years$23,398$20,028$17,078$14,514$12,298$9,628
16 years$21,709$18,375$15,484$12,996$10,869$8,344
17 years$20,220$16,923$14,090$11,676$9,637$7,252
18 years$18,897$15,638$12,862$10,523$8,569$6,318
19 years$17,716$14,493$11,775$9,508$7,638$5,516
20 years$16,654$13,467$10,806$8,612$6,822$4,825
21 years$15,694$12,544$9,940$7,816$6,105$4,227
22 years$14,822$11,710$9,161$7,106$5,472$3,708
23 years$14,028$10,952$8,459$6,472$4,912$3,256
24 years$13,301$10,261$7,823$5,903$4,415$2,863
25 years$12,633$9,630$7,245$5,391$3,973$2,519
26 years$12,017$9,050$6,720$4,929$3,579$2,219
27 years$11,448$8,517$6,240$4,512$3,227$1,955
28 years$10,921$8,026$5,801$4,134$2,911$1,724
29 years$10,431$7,571$5,398$3,791$2,629$1,521
30 years$9,974$7,150$5,028$3,479$2,375$1,343
31 years$9,548$6,760$4,688$3,195$2,148$1,185
32 years$9,149$6,396$4,374$2,936$1,943$1,047
33 years$8,775$6,057$4,084$2,700$1,758$925
34 years$8,424$5,741$3,816$2,484$1,592$818
35 years$8,094$5,445$3,567$2,287$1,442$723
36 years$7,782$5,168$3,337$2,106$1,306$639
37 years$7,489$4,908$3,123$1,941$1,184$565
38 years$7,211$4,665$2,925$1,789$1,073$500
39 years$6,948$4,436$2,740$1,649$973$443
40 years$6,699$4,220$2,569$1,521$883$392
41 years$6,463$4,017$2,408$1,404$801$347
42 years$6,238$3,826$2,259$1,295$727$307
43 years$6,025$3,645$2,120$1,196$660$271
44 years$5,822$3,475$1,990$1,104$599$240
45 years$5,628$3,314$1,869$1,020$544$213
46 years$5,444$3,161$1,755$942$493$188
47 years$5,268$3,017$1,649$870$448$167
48 years$5,099$2,880$1,549$804$407$148
49 years$4,938$2,750$1,456$743$370$131
50 years$4,784$2,627$1,369$687$336$116

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 $4,356 every year, while hoping to spend $24,058 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: 73/21/6 Blend
65$4,900,000$4,900,000$4,900,000$4,900,000
66$5,404,293$5,144,593$5,068,643$5,794,757
67$5,929,934$5,371,081$5,212,845$6,279,059
68$6,508,383$5,607,860$5,361,072$6,805,820
69$7,145,002$5,855,409$5,513,432$7,382,008
70$7,845,699$6,114,231$5,670,039$8,012,492
71$8,616,982$6,384,850$5,831,006$8,702,631
72$9,466,023$6,667,816$5,996,454$9,458,324
73$10,400,725$6,963,706$6,166,502$10,286,062
74$11,429,794$7,273,124$6,341,276$11,192,991
75$12,562,828$7,596,701$6,520,903$12,186,977
76$13,810,397$7,935,100$6,705,514$13,276,680
77$15,184,152$8,289,015$6,895,243$14,471,632
78$16,696,931$8,659,172$7,090,229$15,782,331
79$18,362,879$9,046,333$7,290,613$17,220,331
80$20,197,584$9,451,294$7,496,540$18,798,358
81$22,218,222$9,874,892$7,708,158$20,530,422
82$24,443,720$10,318,001$7,925,621$22,431,952
83$26,894,935$10,781,539$8,149,086$24,519,938
84$29,594,850$11,266,466$8,378,711$26,813,090
85$32,568,790$11,773,788$8,614,664$29,332,013
86$35,844,663$12,304,560$8,857,111$32,099,402
87$39,453,221$12,859,886$9,106,227$35,140,250
88$43,428,353$13,440,924$9,362,189$38,482,083
89$47,807,402$14,048,886$9,625,179$42,155,223
90$52,631,519$14,685,043$9,895,384$46,193,065
91$57,946,050$15,350,726$10,172,995$50,632,393
92$63,800,965$16,047,331$10,458,210$55,513,727
93$70,251,332$16,776,318$10,751,227$60,881,699
94$77,357,829$17,539,219$11,052,255$66,785,475
95$85,187,327$18,337,640$11,361,505$73,279,215
96$93,813,512$19,173,262$11,679,193$80,422,582
97$103,317,586$20,047,847$12,005,541$88,281,300
98$113,789,031$20,963,243$12,340,778$96,927,776
99$125,326,454$21,921,384$12,685,136$106,441,777
100$138,038,519$22,924,298$13,038,855$116,911,180