The 1986 Miller High Life 400 was the second stock car race of the 1986 NASCAR Winston Cup Series and the 32nd iteration of the event. The race was held on Sunday, February 23, 1986, before an audience of 30,000 in Richmond, Virginia, at Richmond Fairgrounds Raceway, a 0.542 miles (0.872 km) D-shaped oval. The race took the scheduled 400 laps to complete.