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%11.3%
1 years$355,090$351,927$348,841$345,829$342,888$341,013
2 years$175,787$172,513$169,340$166,264$163,280$161,388
3 years$116,027$112,739$109,574$106,527$103,592$101,741
4 years$86,153$82,875$79,742$76,747$73,882$72,088
5 years$68,234$64,975$61,883$58,949$56,164$54,431
6 years$56,291$53,057$50,011$47,142$44,441$42,771
7 years$47,764$44,557$41,559$38,758$36,142$34,537
8 years$41,371$38,194$35,245$32,513$29,984$28,442
9 years$36,402$33,255$30,357$27,694$25,250$23,773
10 years$32,429$29,312$26,466$23,872$21,515$20,100
11 years$29,181$26,095$23,300$20,776$18,503$17,151
12 years$26,475$23,422$20,678$18,223$16,035$14,744
13 years$24,188$21,166$18,475$16,089$13,982$12,752
14 years$22,229$19,239$16,600$14,282$12,257$11,084
15 years$20,533$17,576$14,987$12,737$10,792$9,677
16 years$19,051$16,125$13,588$11,404$9,538$8,478
17 years$17,744$14,851$12,365$10,247$8,457$7,451
18 years$16,583$13,723$11,287$9,234$7,520$6,565
19 years$15,546$12,718$10,333$8,344$6,702$5,799
20 years$14,614$11,818$9,483$7,557$5,987$5,131
21 years$13,772$11,008$8,723$6,859$5,357$4,549
22 years$13,007$10,276$8,039$6,236$4,802$4,039
23 years$12,310$9,611$7,423$5,679$4,311$3,590
24 years$11,672$9,005$6,865$5,180$3,875$3,196
25 years$11,086$8,450$6,358$4,731$3,487$2,847
26 years$10,546$7,942$5,897$4,325$3,141$2,539
27 years$10,047$7,474$5,476$3,959$2,831$2,266
28 years$9,584$7,043$5,090$3,627$2,555$2,024
29 years$9,154$6,644$4,737$3,326$2,307$1,809
30 years$8,753$6,275$4,412$3,053$2,085$1,618
31 years$8,379$5,932$4,114$2,804$1,885$1,447
32 years$8,029$5,613$3,838$2,577$1,705$1,295
33 years$7,701$5,315$3,584$2,369$1,543$1,160
34 years$7,393$5,038$3,348$2,180$1,397$1,039
35 years$7,103$4,778$3,130$2,007$1,265$931
36 years$6,829$4,535$2,928$1,848$1,146$834
37 years$6,572$4,307$2,741$1,703$1,039$748
38 years$6,328$4,094$2,567$1,570$942$671
39 years$6,097$3,893$2,405$1,447$854$602
40 years$5,879$3,704$2,254$1,335$775$540
41 years$5,671$3,525$2,114$1,232$703$484
42 years$5,475$3,357$1,983$1,137$638$434
43 years$5,287$3,199$1,860$1,049$579$390
44 years$5,109$3,049$1,746$969$525$350
45 years$4,939$2,908$1,640$895$477$314
46 years$4,777$2,774$1,540$826$433$282
47 years$4,623$2,647$1,447$764$393$253
48 years$4,475$2,527$1,360$706$357$227
49 years$4,334$2,413$1,278$652$324$204
50 years$4,198$2,305$1,202$603$295$183

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 $4,046 every year, while hoping to spend $30,476 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: 77/12/11 Blend
64$4,300,000$4,300,000$4,300,000$4,300,000
65$4,742,773$4,514,873$4,448,223$5,098,094
66$5,194,110$4,703,676$4,564,813$5,521,317
67$5,690,462$4,900,708$4,684,286$5,980,966
68$6,236,388$5,106,342$4,806,709$6,484,101
69$6,836,911$5,320,965$4,932,145$7,035,042
70$7,497,567$5,544,983$5,060,663$7,638,544
71$8,224,453$5,778,822$5,192,330$8,299,842
72$9,024,289$6,022,926$5,327,215$9,024,702
73$9,904,478$6,277,761$5,465,388$9,819,473
74$10,873,178$6,543,813$5,606,921$10,691,146
75$11,939,375$6,821,593$5,751,886$11,647,419
76$13,112,974$7,111,635$5,900,357$12,696,774
77$14,404,888$7,414,495$6,052,410$13,848,547
78$15,827,140$7,730,759$6,208,119$15,113,024
79$17,392,980$8,061,037$6,367,562$16,501,534
80$19,117,007$8,405,971$6,530,819$18,026,555
81$21,015,308$8,766,230$6,697,967$19,701,830
82$23,105,609$9,142,515$6,869,089$21,542,498
83$25,407,443$9,535,560$7,044,265$23,565,235
84$27,942,333$9,946,134$7,223,579$25,788,412
85$30,733,997$10,375,041$7,407,115$28,232,264
86$33,808,570$10,823,123$7,594,959$30,919,084
87$37,194,850$11,291,261$7,787,196$33,873,429
88$40,924,571$11,780,380$7,983,913$37,122,353
89$45,032,703$12,291,444$8,185,200$40,695,662
90$49,557,780$12,825,466$8,391,146$44,626,190
91$54,542,265$13,383,505$8,601,840$48,950,113
92$60,032,949$13,966,670$8,817,375$53,707,285
93$66,081,396$14,576,123$9,037,843$58,941,617
94$72,744,424$15,213,078$9,263,336$64,701,486
95$80,084,647$15,878,811$9,493,950$71,040,193
96$88,171,061$16,574,653$9,729,778$78,016,464
97$97,079,701$17,302,002$9,970,916$85,695,001
98$106,894,349$18,062,320$10,217,461$94,147,096
99$117,707,337$18,857,137$10,469,510$103,451,297
100$129,620,407$19,688,058$10,727,160$113,694,150