Can I retire at age 65 with 4,400,000?

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 $4,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$363,348$360,111$356,954$353,872$350,862$339,495
2 years$179,875$176,525$173,278$170,131$167,077$155,732
3 years$118,726$115,361$112,123$109,004$106,001$95,033
4 years$88,157$84,803$81,597$78,531$75,601$65,094
5 years$69,820$66,486$63,322$60,320$57,470$47,454
6 years$57,600$54,291$51,174$48,238$45,474$35,956
7 years$48,875$45,594$42,526$39,659$36,983$27,961
8 years$42,334$39,082$36,065$33,269$30,681$22,150
9 years$37,249$34,028$31,063$28,338$25,838$17,788
10 years$33,183$29,994$27,081$24,428$22,015$14,434
11 years$29,859$26,702$23,842$21,259$18,934$11,806
12 years$27,091$23,966$21,159$18,647$16,407$9,719
13 years$24,751$21,658$18,904$16,463$14,308$8,041
14 years$22,746$19,687$16,986$14,614$12,542$6,681
15 years$21,011$17,984$15,336$13,033$11,043$5,569
16 years$19,494$16,500$13,904$11,670$9,760$4,655
17 years$18,156$15,196$12,652$10,485$8,654$3,899
18 years$16,969$14,042$11,550$9,449$7,694$3,273
19 years$15,908$13,014$10,573$8,538$6,858$2,751
20 years$14,954$12,093$9,704$7,733$6,126$2,315
21 years$14,092$11,264$8,925$7,018$5,482$1,951
22 years$13,310$10,515$8,226$6,381$4,914$1,645
23 years$12,597$9,834$7,595$5,811$4,411$1,389
24 years$11,944$9,214$7,024$5,300$3,965$1,173
25 years$11,344$8,647$6,506$4,841$3,568$991
26 years$10,791$8,127$6,034$4,426$3,214$838
27 years$10,280$7,648$5,603$4,051$2,897$708
28 years$9,807$7,207$5,209$3,712$2,614$599
29 years$9,367$6,799$4,847$3,404$2,361$507
30 years$8,956$6,421$4,515$3,124$2,133$429
31 years$8,574$6,070$4,209$2,869$1,928$363
32 years$8,216$5,743$3,927$2,637$1,744$308
33 years$7,880$5,439$3,667$2,425$1,579$261
34 years$7,564$5,155$3,426$2,231$1,429$221
35 years$7,268$4,889$3,203$2,054$1,295$187
36 years$6,988$4,641$2,997$1,891$1,173$158
37 years$6,724$4,408$2,805$1,743$1,063$134
38 years$6,475$4,189$2,627$1,606$964$114
39 years$6,239$3,983$2,461$1,481$874$96
40 years$6,015$3,790$2,306$1,366$793$82
41 years$5,803$3,607$2,163$1,260$719$69
42 years$5,602$3,436$2,029$1,163$653$59
43 years$5,410$3,273$1,904$1,074$592$50
44 years$5,228$3,120$1,787$991$538$42
45 years$5,054$2,975$1,678$916$488$36
46 years$4,888$2,838$1,576$846$443$30
47 years$4,730$2,709$1,481$781$402$26
48 years$4,579$2,586$1,391$722$365$22
49 years$4,434$2,469$1,308$667$332$18
50 years$4,296$2,359$1,229$617$301$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $4,400,000, adding $2,708 every year, while hoping to spend $55,610 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: 56/28/16 Blend
64$4,400,000$4,400,000$4,400,000$4,400,000
65$4,851,593$4,618,393$4,550,193$5,102,737
66$5,287,287$4,785,526$4,643,456$5,440,846
67$5,765,558$4,958,984$4,737,980$5,802,717
68$6,290,690$5,139,020$4,833,747$6,195,649
69$6,867,402$5,325,894$4,930,739$6,622,628
70$7,500,894$5,519,879$5,028,936$7,086,939
71$8,196,892$5,721,259$5,128,311$7,592,196
72$8,961,704$5,930,331$5,228,840$8,142,376
73$9,802,283$6,147,402$5,330,491$8,741,852
74$10,726,286$6,372,794$5,433,232$9,395,440
75$11,742,147$6,606,842$5,537,026$10,108,438
76$12,859,163$6,849,894$5,641,833$10,886,679
77$14,087,573$7,102,314$5,747,609$11,736,581
78$15,438,659$7,364,481$5,854,308$12,665,210
79$16,924,851$7,636,790$5,961,876$13,680,346
80$18,559,846$7,919,652$6,070,259$14,790,551
81$20,358,733$8,213,498$6,179,396$16,005,255
82$22,338,139$8,518,775$6,289,221$17,334,838
83$24,516,383$8,835,948$6,399,663$18,790,732
84$26,913,650$9,165,506$6,510,648$20,385,524
85$29,552,181$9,507,954$6,622,093$22,133,075
86$32,456,483$9,863,823$6,733,912$24,048,650
87$35,653,557$10,233,663$6,846,012$26,149,059
88$39,173,158$10,618,051$6,958,291$28,452,817
89$43,048,072$11,017,587$7,070,645$30,980,314
90$47,314,422$11,432,896$7,182,959$33,754,011
91$52,012,017$11,864,632$7,295,112$36,798,645
92$57,184,720$12,313,476$7,406,975$40,141,464
93$62,880,864$12,780,138$7,518,412$43,812,482
94$69,153,708$13,265,362$7,629,275$47,844,760
95$76,061,942$13,769,919$7,739,411$52,274,718
96$83,670,233$14,294,619$7,848,654$57,142,475
97$92,049,844$14,840,303$7,956,832$62,492,227
98$101,279,301$15,407,850$8,063,758$68,372,663
99$111,445,135$15,998,179$8,169,239$74,837,419
100$122,642,696$16,612,248$8,273,066$81,945,586