Can I retire at age 65 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%12.4%
1 years$346,832$343,743$340,729$337,787$334,914$331,554
2 years$171,699$168,501$165,402$162,397$159,483$156,099
3 years$113,329$110,117$107,026$104,050$101,182$97,879
4 years$84,150$80,948$77,888$74,962$72,164$68,967
5 years$66,647$63,464$60,444$57,578$54,858$51,777
6 years$54,982$51,823$48,848$46,046$43,407$40,445
7 years$46,653$43,521$40,593$37,857$35,302$32,461
8 years$40,409$37,306$34,426$31,757$29,286$26,566
9 years$35,556$32,481$29,651$27,050$24,663$22,062
10 years$31,675$28,631$25,850$23,317$21,014$18,531
11 years$28,502$25,488$22,758$20,293$18,073$15,706
12 years$25,860$22,877$20,197$17,800$15,662$13,408
13 years$23,626$20,674$18,045$15,714$13,657$11,515
14 years$21,712$18,792$16,214$13,950$11,972$9,937
15 years$20,056$17,167$14,639$12,441$10,541$8,611
16 years$18,608$15,750$13,272$11,139$9,316$7,488
17 years$17,331$14,505$12,077$10,008$8,260$6,531
18 years$16,198$13,404$11,025$9,020$7,345$5,710
19 years$15,185$12,422$10,093$8,150$6,547$5,004
20 years$14,274$11,543$9,263$7,381$5,847$4,393
21 years$13,452$10,752$8,520$6,699$5,233$3,863
22 years$12,705$10,037$7,852$6,091$4,690$3,401
23 years$12,024$9,387$7,250$5,547$4,210$2,999
24 years$11,401$8,795$6,705$5,059$3,784$2,647
25 years$10,828$8,254$6,210$4,621$3,405$2,338
26 years$10,301$7,757$5,760$4,225$3,067$2,067
27 years$9,813$7,301$5,348$3,867$2,766$1,829
28 years$9,361$6,879$4,972$3,543$2,495$1,619
29 years$8,941$6,490$4,627$3,249$2,253$1,434
30 years$8,549$6,129$4,310$2,982$2,036$1,271
31 years$8,184$5,794$4,018$2,739$1,841$1,127
32 years$7,842$5,482$3,749$2,517$1,665$1,000
33 years$7,522$5,192$3,500$2,314$1,507$887
34 years$7,221$4,921$3,270$2,129$1,364$787
35 years$6,937$4,667$3,058$1,960$1,236$699
36 years$6,671$4,430$2,860$1,805$1,120$621
37 years$6,419$4,207$2,677$1,663$1,015$551
38 years$6,181$3,998$2,507$1,533$920$490
39 years$5,956$3,802$2,349$1,414$834$435
40 years$5,742$3,617$2,202$1,304$757$387
41 years$5,540$3,443$2,064$1,203$687$344
42 years$5,347$3,279$1,937$1,110$623$305
43 years$5,164$3,125$1,817$1,025$565$272
44 years$4,990$2,978$1,706$946$513$241
45 years$4,824$2,840$1,602$874$466$215
46 years$4,666$2,709$1,504$807$423$191
47 years$4,515$2,586$1,413$746$384$170
48 years$4,371$2,468$1,328$689$349$151
49 years$4,233$2,357$1,248$637$317$134
50 years$4,101$2,252$1,174$589$288$119

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $4,200,000, adding $4,351 every year, while hoping to spend $33,911 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: 37/37/26 Blend
64$4,200,000$4,200,000$4,200,000$4,200,000
65$4,632,888$4,410,288$4,345,188$4,768,085
66$5,069,362$4,590,311$4,454,671$5,047,964
67$5,549,219$4,778,019$4,566,685$5,346,648
68$6,076,849$4,973,752$4,681,279$5,668,622
69$6,657,089$5,177,866$4,798,502$6,016,009
70$7,295,265$5,390,735$4,918,406$6,391,140
71$7,997,249$5,612,748$5,041,039$6,796,573
72$8,769,508$5,844,312$5,166,453$7,235,116
73$9,619,168$6,085,854$5,294,700$7,709,856
74$10,554,082$6,337,819$5,425,831$8,224,180
75$11,582,900$6,600,674$5,559,898$8,781,812
76$12,715,155$6,874,906$5,696,954$9,386,840
77$13,961,350$7,161,026$5,837,051$10,043,761
78$15,333,059$7,459,567$5,980,243$10,757,515
79$16,843,032$7,771,088$6,126,583$11,533,532
80$18,505,323$8,096,172$6,276,124$12,377,782
81$20,335,412$8,435,431$6,428,921$13,296,830
82$22,350,360$8,789,504$6,585,026$14,297,896
83$24,568,967$9,159,059$6,744,495$15,388,917
84$27,011,946$9,544,797$6,907,379$16,578,627
85$29,702,122$9,947,450$7,073,734$17,876,631
86$32,664,648$10,367,784$7,243,614$19,293,496
87$35,927,237$10,806,602$7,417,070$20,840,848
88$39,520,431$11,264,741$7,594,158$22,531,481
89$43,477,883$11,743,080$7,774,930$24,379,470
90$47,836,674$12,242,539$7,959,437$26,400,308
91$52,637,670$12,764,079$8,147,734$28,611,043
92$57,925,900$13,308,706$8,339,870$31,030,440
93$63,750,984$13,877,474$8,535,898$33,679,155
94$70,167,600$14,471,487$8,735,866$36,579,923
95$77,236,003$15,091,897$8,939,825$39,757,774
96$85,022,589$15,739,914$9,147,823$43,240,263
97$93,600,525$16,416,801$9,359,907$47,057,726
98$103,050,438$17,123,884$9,576,123$51,243,565
99$113,461,175$17,862,547$9,796,517$55,834,556
100$124,930,646$18,634,242$10,021,130$60,871,196