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%16%
1 years$355,090$351,927$348,841$345,829$342,888$334,463
2 years$175,787$172,513$169,340$166,264$163,280$154,844
3 years$116,027$112,739$109,574$106,527$103,592$95,408
4 years$86,153$82,875$79,742$76,747$73,882$66,015
5 years$68,234$64,975$61,883$58,949$56,164$48,634
6 years$56,291$53,057$50,011$47,142$44,441$37,256
7 years$47,764$44,557$41,559$38,758$36,142$29,303
8 years$41,371$38,194$35,245$32,513$29,984$23,487
9 years$36,402$33,255$30,357$27,694$25,250$19,092
10 years$32,429$29,312$26,466$23,872$21,515$15,687
11 years$29,181$26,095$23,300$20,776$18,503$12,997
12 years$26,475$23,422$20,678$18,223$16,035$10,842
13 years$24,188$21,166$18,475$16,089$13,982$9,092
14 years$22,229$19,239$16,600$14,282$12,257$7,659
15 years$20,533$17,576$14,987$12,737$10,792$6,474
16 years$19,051$16,125$13,588$11,404$9,538$5,490
17 years$17,744$14,851$12,365$10,247$8,457$4,667
18 years$16,583$13,723$11,287$9,234$7,520$3,975
19 years$15,546$12,718$10,333$8,344$6,702$3,392
20 years$14,614$11,818$9,483$7,557$5,987$2,899
21 years$13,772$11,008$8,723$6,859$5,357$2,480
22 years$13,007$10,276$8,039$6,236$4,802$2,125
23 years$12,310$9,611$7,423$5,679$4,311$1,822
24 years$11,672$9,005$6,865$5,180$3,875$1,563
25 years$11,086$8,450$6,358$4,731$3,487$1,342
26 years$10,546$7,942$5,897$4,325$3,141$1,153
27 years$10,047$7,474$5,476$3,959$2,831$991
28 years$9,584$7,043$5,090$3,627$2,555$852
29 years$9,154$6,644$4,737$3,326$2,307$733
30 years$8,753$6,275$4,412$3,053$2,085$631
31 years$8,379$5,932$4,114$2,804$1,885$543
32 years$8,029$5,613$3,838$2,577$1,705$467
33 years$7,701$5,315$3,584$2,369$1,543$402
34 years$7,393$5,038$3,348$2,180$1,397$346
35 years$7,103$4,778$3,130$2,007$1,265$298
36 years$6,829$4,535$2,928$1,848$1,146$257
37 years$6,572$4,307$2,741$1,703$1,039$221
38 years$6,328$4,094$2,567$1,570$942$191
39 years$6,097$3,893$2,405$1,447$854$164
40 years$5,879$3,704$2,254$1,335$775$142
41 years$5,671$3,525$2,114$1,232$703$122
42 years$5,475$3,357$1,983$1,137$638$105
43 years$5,287$3,199$1,860$1,049$579$91
44 years$5,109$3,049$1,746$969$525$78
45 years$4,939$2,908$1,640$895$477$67
46 years$4,777$2,774$1,540$826$433$58
47 years$4,623$2,647$1,447$764$393$50
48 years$4,475$2,527$1,360$706$357$43
49 years$4,334$2,413$1,278$652$324$37
50 years$4,198$2,305$1,202$603$295$32

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 $4,825 every year, while hoping to spend $41,148 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: 63/26/11 Blend
64$4,300,000$4,300,000$4,300,000$4,300,000
65$4,743,577$4,515,677$4,449,027$5,030,268
66$5,183,641$4,693,164$4,554,288$5,400,095
67$5,667,212$4,877,969$4,661,697$5,798,544
68$6,198,685$5,070,406$4,771,281$6,232,583
69$6,782,900$5,270,806$4,883,068$6,705,665
70$7,425,192$5,479,512$4,997,087$7,221,589
71$8,131,437$5,696,883$5,113,365$7,784,537
72$8,908,108$5,923,295$5,231,927$8,399,109
73$9,762,338$6,159,140$5,352,800$9,070,367
74$10,701,987$6,404,827$5,476,009$9,803,881
75$11,735,712$6,660,786$5,601,578$10,605,783
76$12,873,054$6,927,464$5,729,530$11,482,822
77$14,124,524$7,205,329$5,859,888$12,442,423
78$15,501,704$7,494,869$5,992,673$13,492,766
79$17,017,356$7,796,595$6,127,905$14,642,851
80$18,685,541$8,111,042$6,265,604$15,902,588
81$20,521,751$8,438,769$6,405,787$17,282,887
82$22,543,059$8,780,357$6,548,470$18,795,763
83$24,768,274$9,136,419$6,693,668$20,454,444
84$27,218,126$9,507,591$6,841,393$22,273,493
85$29,915,452$9,894,540$6,991,657$24,268,953
86$32,885,419$10,297,963$7,144,468$26,458,485
87$36,155,758$10,718,590$7,299,835$28,861,542
88$39,757,027$11,157,183$7,457,761$31,499,548
89$43,722,897$11,614,538$7,618,249$34,396,097
90$48,090,471$12,091,489$7,781,299$37,577,176
91$52,900,635$12,588,907$7,946,908$41,071,408
92$58,198,441$13,107,705$8,115,070$44,910,319
93$64,033,534$13,648,835$8,285,777$49,128,634
94$70,460,621$14,213,293$8,459,017$53,764,606
95$77,539,983$14,802,124$8,634,773$58,860,368
96$85,338,051$15,416,418$8,813,028$64,462,335
97$93,928,025$16,057,315$8,993,757$70,621,637
98$103,390,569$16,726,009$9,176,933$77,394,598
99$113,814,572$17,423,749$9,362,526$84,843,267
100$125,297,986$18,151,840$9,550,498$93,036,001