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%11.6%
1 years$330,316$327,374$324,503$321,702$318,966$316,823
2 years$163,523$160,477$157,526$154,664$151,888$149,727
3 years$107,932$104,874$101,930$99,095$96,364$94,252
4 years$80,143$77,093$74,179$71,392$68,728$66,680
5 years$63,473$60,442$57,566$54,836$52,246$50,269
6 years$52,364$49,356$46,522$43,853$41,340$39,437
7 years$44,431$41,449$38,660$36,054$33,621$31,792
8 years$38,485$35,529$32,787$30,245$27,892$26,137
9 years$33,863$30,935$28,239$25,762$23,489$21,808
10 years$30,167$27,267$24,619$22,207$20,014$18,406
11 years$27,145$24,274$21,675$19,327$17,212$15,677
12 years$24,628$21,787$19,236$16,952$14,916$13,451
13 years$22,501$19,689$17,186$14,966$13,007$11,611
14 years$20,678$17,897$15,441$13,285$11,402$10,073
15 years$19,101$16,349$13,942$11,848$10,039$8,776
16 years$17,722$15,000$12,640$10,609$8,873$7,674
17 years$16,506$13,815$11,502$9,532$7,867$6,730
18 years$15,426$12,765$10,500$8,590$6,995$5,918
19 years$14,462$11,831$9,612$7,762$6,235$5,215
20 years$13,595$10,994$8,821$7,030$5,569$4,605
21 years$12,811$10,240$8,114$6,380$4,984$4,074
22 years$12,100$9,559$7,478$5,801$4,467$3,609
23 years$11,451$8,940$6,905$5,283$4,010$3,201
24 years$10,858$8,376$6,386$4,818$3,604$2,842
25 years$10,313$7,861$5,915$4,400$3,243$2,527
26 years$9,810$7,388$5,486$4,024$2,921$2,248
27 years$9,346$6,953$5,094$3,683$2,634$2,002
28 years$8,915$6,552$4,735$3,374$2,377$1,783
29 years$8,515$6,181$4,407$3,094$2,146$1,590
30 years$8,142$5,837$4,105$2,840$1,939$1,418
31 years$7,794$5,518$3,827$2,608$1,753$1,266
32 years$7,469$5,221$3,570$2,397$1,586$1,130
33 years$7,163$4,945$3,334$2,204$1,435$1,010
34 years$6,877$4,686$3,115$2,028$1,299$902
35 years$6,607$4,445$2,912$1,867$1,177$806
36 years$6,353$4,219$2,724$1,719$1,066$721
37 years$6,113$4,007$2,550$1,584$966$645
38 years$5,886$3,808$2,388$1,460$876$576
39 years$5,672$3,621$2,237$1,346$795$516
40 years$5,469$3,445$2,097$1,242$721$461
41 years$5,276$3,279$1,966$1,146$654$413
42 years$5,093$3,123$1,844$1,057$593$370
43 years$4,918$2,976$1,731$976$538$331
44 years$4,753$2,837$1,624$901$489$296
45 years$4,595$2,705$1,525$832$444$265
46 years$4,444$2,580$1,433$769$403$237
47 years$4,300$2,462$1,346$710$366$213
48 years$4,163$2,351$1,265$656$332$190
49 years$4,031$2,245$1,189$607$302$171
50 years$3,905$2,144$1,118$561$274$153

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 $2,845 every year, while hoping to spend $34,467 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: 75/8/17 Blend
64$4,000,000$4,000,000$4,000,000$4,000,000
65$4,410,935$4,198,935$4,136,935$4,724,598
66$4,824,177$4,368,010$4,238,849$5,101,649
67$5,278,416$4,544,214$4,343,023$5,510,266
68$5,777,795$4,727,862$4,449,495$5,957,224
69$6,326,881$4,919,278$4,558,304$6,446,330
70$6,930,707$5,118,807$4,669,491$6,981,781
71$7,594,815$5,326,804$4,783,095$7,568,193
72$8,325,313$5,543,644$4,899,156$8,210,655
73$9,128,930$5,769,718$5,017,713$8,914,766
74$10,013,081$6,005,435$5,138,807$9,686,698
75$10,985,935$6,251,221$5,262,476$10,533,244
76$12,056,493$6,507,523$5,388,762$11,461,888
77$13,234,673$6,774,809$5,517,703$12,480,874
78$14,531,402$7,053,568$5,649,338$13,599,282
79$15,958,722$7,344,309$5,783,708$14,827,113
80$17,529,899$7,647,568$5,920,850$16,175,384
81$19,259,553$7,963,903$6,060,802$17,656,233
82$21,163,792$8,293,899$6,203,604$19,283,028
83$23,260,367$8,638,168$6,349,292$21,070,497
84$25,568,834$8,997,348$6,497,904$23,034,867
85$28,110,747$9,372,110$6,649,475$25,194,012
86$30,909,852$9,763,152$6,804,042$27,567,625
87$33,992,318$10,171,208$6,961,638$30,177,401
88$37,386,980$10,597,042$7,122,298$33,047,243
89$41,125,612$11,041,457$7,286,055$36,203,486
90$45,243,227$11,505,291$7,452,941$39,675,143
91$49,778,406$11,989,421$7,622,985$43,494,183
92$54,773,666$12,494,765$7,796,217$47,695,826
93$60,275,855$13,022,283$7,972,666$52,318,878
94$66,336,599$13,572,982$8,152,356$57,406,098
95$73,012,785$14,147,911$8,335,314$63,004,596
96$80,367,103$14,748,172$8,521,560$69,166,280
97$88,468,632$15,374,917$8,711,117$75,948,347
98$97,393,496$16,029,352$8,904,003$83,413,816
99$107,225,579$16,712,737$9,100,234$91,632,128
100$118,057,321$17,426,393$9,299,824$100,679,796