Can I retire at age 65 with 4,300,000?

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 $4,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$355,090$351,927$348,841$345,829$342,888$329,805
2 years$175,787$172,513$169,340$166,264$163,280$150,253
3 years$116,027$112,739$109,574$106,527$103,592$91,030
4 years$86,153$82,875$79,742$76,747$73,882$61,883
5 years$68,234$64,975$61,883$58,949$56,164$44,757
6 years$56,291$53,057$50,011$47,142$44,441$33,634
7 years$47,764$44,557$41,559$38,758$36,142$25,933
8 years$41,371$38,194$35,245$32,513$29,984$20,361
9 years$36,402$33,255$30,357$27,694$25,250$16,202
10 years$32,429$29,312$26,466$23,872$21,515$13,022
11 years$29,181$26,095$23,300$20,776$18,503$10,549
12 years$26,475$23,422$20,678$18,223$16,035$8,597
13 years$24,188$21,166$18,475$16,089$13,982$7,041
14 years$22,229$19,239$16,600$14,282$12,257$5,789
15 years$20,533$17,576$14,987$12,737$10,792$4,774
16 years$19,051$16,125$13,588$11,404$9,538$3,947
17 years$17,744$14,851$12,365$10,247$8,457$3,270
18 years$16,583$13,723$11,287$9,234$7,520$2,714
19 years$15,546$12,718$10,333$8,344$6,702$2,256
20 years$14,614$11,818$9,483$7,557$5,987$1,877
21 years$13,772$11,008$8,723$6,859$5,357$1,563
22 years$13,007$10,276$8,039$6,236$4,802$1,303
23 years$12,310$9,611$7,423$5,679$4,311$1,087
24 years$11,672$9,005$6,865$5,180$3,875$907
25 years$11,086$8,450$6,358$4,731$3,487$757
26 years$10,546$7,942$5,897$4,325$3,141$632
27 years$10,047$7,474$5,476$3,959$2,831$528
28 years$9,584$7,043$5,090$3,627$2,555$442
29 years$9,154$6,644$4,737$3,326$2,307$369
30 years$8,753$6,275$4,412$3,053$2,085$309
31 years$8,379$5,932$4,114$2,804$1,885$258
32 years$8,029$5,613$3,838$2,577$1,705$216
33 years$7,701$5,315$3,584$2,369$1,543$180
34 years$7,393$5,038$3,348$2,180$1,397$151
35 years$7,103$4,778$3,130$2,007$1,265$126
36 years$6,829$4,535$2,928$1,848$1,146$106
37 years$6,572$4,307$2,741$1,703$1,039$88
38 years$6,328$4,094$2,567$1,570$942$74
39 years$6,097$3,893$2,405$1,447$854$62
40 years$5,879$3,704$2,254$1,335$775$52
41 years$5,671$3,525$2,114$1,232$703$43
42 years$5,475$3,357$1,983$1,137$638$36
43 years$5,287$3,199$1,860$1,049$579$30
44 years$5,109$3,049$1,746$969$525$25
45 years$4,939$2,908$1,640$895$477$21
46 years$4,777$2,774$1,540$826$433$18
47 years$4,623$2,647$1,447$764$393$15
48 years$4,475$2,527$1,360$706$357$12
49 years$4,334$2,413$1,278$652$324$10
50 years$4,198$2,305$1,202$603$295$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $4,300,000, adding $6,728 every year, while hoping to spend $23,868 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: 50/40/10 Blend
64$4,300,000$4,300,000$4,300,000$4,300,000
65$4,745,540$4,517,640$4,450,990$4,969,891
66$5,204,190$4,713,609$4,574,703$5,320,012
67$5,708,822$4,918,380$4,701,760$5,697,177
68$6,264,101$5,132,361$4,832,248$6,106,469
69$6,875,168$5,355,975$4,966,257$6,550,908
70$7,547,685$5,589,668$5,103,877$7,033,811
71$8,287,894$5,833,906$5,245,202$7,558,821
72$9,102,670$6,089,178$5,390,327$8,129,943
73$9,999,589$6,355,995$5,539,350$8,751,574
74$10,987,000$6,634,892$5,692,371$9,428,551
75$12,074,103$6,926,430$5,849,494$10,166,188
76$13,271,031$7,231,196$6,010,822$10,970,327
77$14,588,956$7,549,804$6,176,464$11,847,392
78$16,040,184$7,882,899$6,346,530$12,804,444
79$17,638,277$8,231,154$6,521,133$13,849,253
80$19,398,178$8,595,278$6,700,387$14,990,358
81$21,336,353$8,976,008$6,884,412$16,237,158
82$23,470,949$9,374,120$7,073,328$17,599,987
83$25,821,960$9,790,426$7,267,258$19,090,216
84$28,411,419$10,225,775$7,466,330$20,720,354
85$31,263,604$10,681,059$7,670,673$22,504,168
86$34,405,270$11,157,209$7,880,419$24,456,802
87$37,865,899$11,655,204$8,095,704$26,594,927
88$41,677,977$12,176,066$8,316,667$28,936,886
89$45,877,305$12,720,867$8,543,449$31,502,869
90$50,503,332$13,290,731$8,776,196$34,315,100
91$55,599,529$13,886,834$9,015,057$37,398,040
92$61,213,802$14,510,410$9,260,182$40,778,619
93$67,398,939$15,162,749$9,511,727$44,486,480
94$74,213,111$15,845,205$9,769,850$48,554,262
95$81,720,423$16,559,194$10,034,715$53,017,895
96$89,991,514$17,306,203$10,306,486$57,916,944
97$99,104,229$18,087,786$10,585,333$63,294,971
98$109,144,347$18,905,575$10,871,429$69,199,943
99$120,206,400$19,761,278$11,164,951$75,684,682
100$132,394,556$20,656,684$11,466,080$82,807,355