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%16.4%
1 years$346,832$343,743$340,729$337,787$334,914$326,156
2 years$171,699$168,501$165,402$162,397$159,483$150,719
3 years$113,329$110,117$107,026$104,050$101,182$92,687
4 years$84,150$80,948$77,888$74,962$72,164$64,002
5 years$66,647$63,464$60,444$57,578$54,858$47,053
6 years$54,982$51,823$48,848$46,046$43,407$35,966
7 years$46,653$43,521$40,593$37,857$35,302$28,224
8 years$40,409$37,306$34,426$31,757$29,286$22,570
9 years$35,556$32,481$29,651$27,050$24,663$18,302
10 years$31,675$28,631$25,850$23,317$21,014$15,000
11 years$28,502$25,488$22,758$20,293$18,073$12,397
12 years$25,860$22,877$20,197$17,800$15,662$10,313
13 years$23,626$20,674$18,045$15,714$13,657$8,626
14 years$21,712$18,792$16,214$13,950$11,972$7,246
15 years$20,056$17,167$14,639$12,441$10,541$6,109
16 years$18,608$15,750$13,272$11,139$9,316$5,165
17 years$17,331$14,505$12,077$10,008$8,260$4,378
18 years$16,198$13,404$11,025$9,020$7,345$3,718
19 years$15,185$12,422$10,093$8,150$6,547$3,163
20 years$14,274$11,543$9,263$7,381$5,847$2,695
21 years$13,452$10,752$8,520$6,699$5,233$2,299
22 years$12,705$10,037$7,852$6,091$4,690$1,963
23 years$12,024$9,387$7,250$5,547$4,210$1,678
24 years$11,401$8,795$6,705$5,059$3,784$1,435
25 years$10,828$8,254$6,210$4,621$3,405$1,228
26 years$10,301$7,757$5,760$4,225$3,067$1,052
27 years$9,813$7,301$5,348$3,867$2,766$901
28 years$9,361$6,879$4,972$3,543$2,495$772
29 years$8,941$6,490$4,627$3,249$2,253$662
30 years$8,549$6,129$4,310$2,982$2,036$568
31 years$8,184$5,794$4,018$2,739$1,841$487
32 years$7,842$5,482$3,749$2,517$1,665$418
33 years$7,522$5,192$3,500$2,314$1,507$359
34 years$7,221$4,921$3,270$2,129$1,364$308
35 years$6,937$4,667$3,058$1,960$1,236$264
36 years$6,671$4,430$2,860$1,805$1,120$227
37 years$6,419$4,207$2,677$1,663$1,015$195
38 years$6,181$3,998$2,507$1,533$920$167
39 years$5,956$3,802$2,349$1,414$834$144
40 years$5,742$3,617$2,202$1,304$757$123
41 years$5,540$3,443$2,064$1,203$687$106
42 years$5,347$3,279$1,937$1,110$623$91
43 years$5,164$3,125$1,817$1,025$565$78
44 years$4,990$2,978$1,706$946$513$67
45 years$4,824$2,840$1,602$874$466$58
46 years$4,666$2,709$1,504$807$423$50
47 years$4,515$2,586$1,413$746$384$43
48 years$4,371$2,468$1,328$689$349$37
49 years$4,233$2,357$1,248$637$317$31
50 years$4,101$2,252$1,174$589$288$27

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 $5,791 every year, while hoping to spend $59,174 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: 47/43/10 Blend
64$4,200,000$4,200,000$4,200,000$4,200,000
65$4,634,373$4,411,773$4,346,673$4,839,142
66$5,044,119$4,564,990$4,429,326$5,134,007
67$5,493,675$4,723,730$4,512,765$5,447,221
68$5,987,040$4,888,203$4,596,953$5,785,792
69$6,528,618$5,058,625$4,681,851$6,152,096
70$7,123,261$5,235,222$4,767,416$6,548,743
71$7,776,312$5,418,226$4,853,603$6,978,602
72$8,493,658$5,607,881$4,940,361$7,444,826
73$9,281,785$5,804,441$5,027,637$7,950,883
74$10,147,836$6,008,168$5,115,372$8,500,587
75$11,099,683$6,219,336$5,203,504$9,098,130
76$12,145,996$6,438,229$5,291,968$9,748,126
77$13,296,329$6,665,143$5,380,690$10,455,649
78$14,561,207$6,900,387$5,469,595$11,226,282
79$15,952,224$7,144,280$5,558,600$12,066,165
80$17,482,157$7,397,156$5,647,620$12,982,058
81$19,165,082$7,659,362$5,736,560$13,981,399
82$21,016,507$7,931,257$5,825,321$15,072,371
83$23,053,519$8,213,217$5,913,798$16,263,986
84$25,294,947$8,505,634$6,001,879$17,566,157
85$27,761,535$8,808,913$6,089,445$18,989,802
86$30,476,139$9,123,477$6,176,369$20,546,937
87$33,463,945$9,449,768$6,262,518$22,250,792
88$36,752,704$9,788,242$6,347,748$24,115,931
89$40,372,992$10,139,378$6,431,910$26,158,392
90$44,358,502$10,503,673$6,514,844$28,395,833
91$48,746,359$10,881,643$6,596,381$30,847,700
92$53,577,471$11,273,827$6,676,343$33,535,405
93$58,896,915$11,680,786$6,754,542$36,482,528
94$64,754,360$12,103,104$6,830,779$39,715,038
95$71,204,538$12,541,390$6,904,844$43,261,538
96$78,307,759$12,996,276$6,976,514$47,153,526
97$86,130,480$13,468,423$7,045,557$51,425,696
98$94,745,932$13,958,519$7,111,726$56,116,265
99$104,234,809$14,467,278$7,174,761$61,267,321
100$114,686,032$14,995,447$7,234,388$66,925,231