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%12.5%
1 years$346,832$343,743$340,729$337,787$334,914$331,416
2 years$171,699$168,501$165,402$162,397$159,483$155,961
3 years$113,329$110,117$107,026$104,050$101,182$97,745
4 years$84,150$80,948$77,888$74,962$72,164$68,838
5 years$66,647$63,464$60,444$57,578$54,858$51,653
6 years$54,982$51,823$48,848$46,046$43,407$40,327
7 years$46,653$43,521$40,593$37,857$35,302$32,347
8 years$40,409$37,306$34,426$31,757$29,286$26,458
9 years$35,556$32,481$29,651$27,050$24,663$21,960
10 years$31,675$28,631$25,850$23,317$21,014$18,434
11 years$28,502$25,488$22,758$20,293$18,073$15,614
12 years$25,860$22,877$20,197$17,800$15,662$13,321
13 years$23,626$20,674$18,045$15,714$13,657$11,432
14 years$21,712$18,792$16,214$13,950$11,972$9,860
15 years$20,056$17,167$14,639$12,441$10,541$8,539
16 years$18,608$15,750$13,272$11,139$9,316$7,420
17 years$17,331$14,505$12,077$10,008$8,260$6,467
18 years$16,198$13,404$11,025$9,020$7,345$5,650
19 years$15,185$12,422$10,093$8,150$6,547$4,947
20 years$14,274$11,543$9,263$7,381$5,847$4,340
21 years$13,452$10,752$8,520$6,699$5,233$3,814
22 years$12,705$10,037$7,852$6,091$4,690$3,355
23 years$12,024$9,387$7,250$5,547$4,210$2,956
24 years$11,401$8,795$6,705$5,059$3,784$2,607
25 years$10,828$8,254$6,210$4,621$3,405$2,301
26 years$10,301$7,757$5,760$4,225$3,067$2,033
27 years$9,813$7,301$5,348$3,867$2,766$1,797
28 years$9,361$6,879$4,972$3,543$2,495$1,590
29 years$8,941$6,490$4,627$3,249$2,253$1,407
30 years$8,549$6,129$4,310$2,982$2,036$1,246
31 years$8,184$5,794$4,018$2,739$1,841$1,104
32 years$7,842$5,482$3,749$2,517$1,665$978
33 years$7,522$5,192$3,500$2,314$1,507$867
34 years$7,221$4,921$3,270$2,129$1,364$769
35 years$6,937$4,667$3,058$1,960$1,236$682
36 years$6,671$4,430$2,860$1,805$1,120$605
37 years$6,419$4,207$2,677$1,663$1,015$537
38 years$6,181$3,998$2,507$1,533$920$477
39 years$5,956$3,802$2,349$1,414$834$423
40 years$5,742$3,617$2,202$1,304$757$376
41 years$5,540$3,443$2,064$1,203$687$334
42 years$5,347$3,279$1,937$1,110$623$296
43 years$5,164$3,125$1,817$1,025$565$263
44 years$4,990$2,978$1,706$946$513$234
45 years$4,824$2,840$1,602$874$466$208
46 years$4,666$2,709$1,504$807$423$185
47 years$4,515$2,586$1,413$746$384$164
48 years$4,371$2,468$1,328$689$349$146
49 years$4,233$2,357$1,248$637$317$129
50 years$4,101$2,252$1,174$589$288$115

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 $2,202 every year, while hoping to spend $53,380 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: 55/37/8 Blend
64$4,200,000$4,200,000$4,200,000$4,200,000
65$4,630,671$4,408,071$4,342,971$4,876,457
66$5,046,204$4,567,271$4,431,665$5,201,977
67$5,502,332$4,732,482$4,521,541$5,550,128
68$6,003,139$4,903,943$4,612,582$5,927,886
69$6,553,125$5,081,903$4,704,770$6,338,073
70$7,157,247$5,266,619$4,798,082$6,783,790
71$7,820,963$5,458,360$4,892,495$7,268,451
72$8,550,289$5,657,408$4,987,981$7,795,808
73$9,351,852$5,864,054$5,084,512$8,369,987
74$10,232,951$6,078,602$5,182,053$8,995,530
75$11,201,629$6,301,371$5,280,569$9,677,431
76$12,266,747$6,532,690$5,380,020$10,421,185
77$13,438,068$6,772,905$5,480,363$11,232,841
78$14,726,347$7,022,373$5,581,552$12,119,053
79$16,143,435$7,281,470$5,683,534$13,087,145
80$17,702,388$7,550,585$5,786,255$14,145,177
81$19,417,593$7,830,124$5,889,656$15,302,022
82$21,304,900$8,120,513$5,993,672$16,567,446
83$23,381,773$8,422,192$6,098,233$17,952,200
84$25,667,456$8,735,621$6,203,267$19,468,122
85$28,183,153$9,061,283$6,308,692$21,128,242
86$30,952,225$9,399,677$6,414,424$22,946,907
87$34,000,416$9,751,325$6,520,371$24,939,917
88$37,356,091$10,116,772$6,626,436$27,124,666
89$41,050,506$10,496,587$6,732,515$29,520,311
90$45,118,099$10,891,362$6,838,496$32,147,946
91$49,596,821$11,301,715$6,944,262$35,030,804
92$54,528,488$11,728,290$7,049,686$38,194,470
93$59,959,178$12,171,760$7,154,634$41,667,120
94$65,939,665$12,632,827$7,258,966$45,479,791
95$72,525,899$13,112,223$7,362,528$49,666,666
96$79,779,530$13,610,712$7,465,162$54,265,394
97$87,768,495$14,129,090$7,566,699$59,317,448
98$96,567,656$14,668,189$7,666,957$64,868,509
99$106,259,504$15,228,878$7,765,748$70,968,897
100$116,934,942$15,812,062$7,862,869$77,674,045