Can I retire at age 65 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%16.6%
1 years$330,316$327,374$324,503$321,702$318,966$310,374
2 years$163,523$160,477$157,526$154,664$151,888$143,293
3 years$107,932$104,874$101,930$99,095$96,364$88,035
4 years$80,143$77,093$74,179$71,392$68,728$60,729
5 years$63,473$60,442$57,566$54,836$52,246$44,599
6 years$52,364$49,356$46,522$43,853$41,340$34,053
7 years$44,431$41,449$38,660$36,054$33,621$26,693
8 years$38,485$35,529$32,787$30,245$27,892$21,320
9 years$33,863$30,935$28,239$25,762$23,489$17,268
10 years$30,167$27,267$24,619$22,207$20,014$14,135
11 years$27,145$24,274$21,675$19,327$17,212$11,667
12 years$24,628$21,787$19,236$16,952$14,916$9,693
13 years$22,501$19,689$17,186$14,966$13,007$8,097
14 years$20,678$17,897$15,441$13,285$11,402$6,792
15 years$19,101$16,349$13,942$11,848$10,039$5,718
16 years$17,722$15,000$12,640$10,609$8,873$4,827
17 years$16,506$13,815$11,502$9,532$7,867$4,086
18 years$15,426$12,765$10,500$8,590$6,995$3,465
19 years$14,462$11,831$9,612$7,762$6,235$2,943
20 years$13,595$10,994$8,821$7,030$5,569$2,504
21 years$12,811$10,240$8,114$6,380$4,984$2,133
22 years$12,100$9,559$7,478$5,801$4,467$1,818
23 years$11,451$8,940$6,905$5,283$4,010$1,552
24 years$10,858$8,376$6,386$4,818$3,604$1,325
25 years$10,313$7,861$5,915$4,400$3,243$1,132
26 years$9,810$7,388$5,486$4,024$2,921$968
27 years$9,346$6,953$5,094$3,683$2,634$828
28 years$8,915$6,552$4,735$3,374$2,377$709
29 years$8,515$6,181$4,407$3,094$2,146$606
30 years$8,142$5,837$4,105$2,840$1,939$519
31 years$7,794$5,518$3,827$2,608$1,753$445
32 years$7,469$5,221$3,570$2,397$1,586$381
33 years$7,163$4,945$3,334$2,204$1,435$326
34 years$6,877$4,686$3,115$2,028$1,299$280
35 years$6,607$4,445$2,912$1,867$1,177$240
36 years$6,353$4,219$2,724$1,719$1,066$205
37 years$6,113$4,007$2,550$1,584$966$176
38 years$5,886$3,808$2,388$1,460$876$151
39 years$5,672$3,621$2,237$1,346$795$129
40 years$5,469$3,445$2,097$1,242$721$111
41 years$5,276$3,279$1,966$1,146$654$95
42 years$5,093$3,123$1,844$1,057$593$82
43 years$4,918$2,976$1,731$976$538$70
44 years$4,753$2,837$1,624$901$489$60
45 years$4,595$2,705$1,525$832$444$51
46 years$4,444$2,580$1,433$769$403$44
47 years$4,300$2,462$1,346$710$366$38
48 years$4,163$2,351$1,265$656$332$32
49 years$4,031$2,245$1,189$607$302$28
50 years$3,905$2,144$1,118$561$274$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $4,000,000, adding $5,406 every year, while hoping to spend $30,627 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: 70/9/21 Blend
64$4,000,000$4,000,000$4,000,000$4,000,000
65$4,413,576$4,201,576$4,139,576$4,699,275
66$4,831,174$4,374,867$4,245,665$5,063,957
67$5,290,341$4,555,622$4,354,282$5,458,881
68$5,795,283$4,744,175$4,465,478$5,890,416
69$6,350,638$4,940,875$4,579,307$6,362,183
70$6,961,512$5,146,087$4,695,823$6,878,166
71$7,633,533$5,360,192$4,815,080$7,442,756
72$8,372,902$5,583,590$4,937,133$8,060,786
73$9,186,449$5,816,698$5,062,039$8,737,575
74$10,081,704$6,059,953$5,189,854$9,478,986
75$11,066,958$6,313,811$5,320,635$10,291,472
76$12,151,352$6,578,752$5,454,440$11,182,139
77$13,344,954$6,855,275$5,591,328$12,158,816
78$14,658,860$7,143,904$5,731,358$13,230,123
79$16,105,295$7,445,186$5,874,590$14,405,556
80$17,697,730$7,759,695$6,021,083$15,695,575
81$19,451,009$8,088,031$6,170,900$17,111,699
82$21,381,487$8,430,820$6,324,101$18,666,618
83$23,507,189$8,788,720$6,480,748$20,374,311
84$25,847,973$9,162,418$6,640,904$22,250,176
85$28,425,722$9,552,633$6,804,631$24,311,176
86$31,264,552$9,960,118$6,971,992$26,575,997
87$34,391,034$10,385,662$7,143,051$29,065,224
88$37,834,449$10,830,088$7,317,872$31,801,538
89$41,627,060$11,294,260$7,496,519$34,809,922
90$45,804,424$11,779,082$7,679,056$38,117,902
91$50,405,717$12,285,499$7,865,546$41,755,805
92$55,474,114$12,814,502$8,056,055$45,757,041
93$61,057,188$13,367,127$8,250,648$50,158,421
94$67,207,364$13,944,459$8,449,387$55,000,503
95$73,982,411$14,547,634$8,652,338$60,327,971
96$81,445,991$15,177,842$8,859,565$66,190,058
97$89,668,252$15,836,327$9,071,131$72,641,011
98$98,726,500$16,524,392$9,287,100$79,740,599
99$108,705,920$17,243,404$9,507,534$87,554,677
100$119,700,384$17,994,791$9,732,497$96,155,806