Can I retire at age 65 with 4,500,000?

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 $4,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$371,606$368,296$365,066$361,914$358,836$356,127
2 years$183,963$180,537$177,217$173,997$170,874$168,143
3 years$121,424$117,983$114,671$111,482$108,410$105,741
4 years$90,160$86,730$83,451$80,316$77,319$74,733
5 years$71,407$67,997$64,761$61,691$58,776$56,281
6 years$58,909$55,525$52,337$49,334$46,508$44,106
7 years$49,985$46,630$43,492$40,561$37,823$35,517
8 years$43,296$39,970$36,885$34,025$31,378$29,166
9 years$38,095$34,801$31,769$28,982$26,425$24,307
10 years$33,937$30,676$27,697$24,983$22,515$20,491
11 years$30,538$27,309$24,384$21,742$19,364$17,431
12 years$27,707$24,511$21,640$19,071$16,780$14,937
13 years$25,313$22,151$19,334$16,837$14,633$12,878
14 years$23,263$20,134$17,372$14,946$12,827$11,158
15 years$21,488$18,393$15,684$13,329$11,294$9,708
16 years$19,937$16,875$14,220$11,935$9,982$8,477
17 years$18,569$15,542$12,940$10,723$8,850$7,424
18 years$17,355$14,361$11,812$9,664$7,869$6,519
19 years$16,270$13,310$10,814$8,732$7,014$5,737
20 years$15,294$12,368$9,924$7,909$6,265$5,058
21 years$14,413$11,520$9,128$7,178$5,607$4,468
22 years$13,612$10,754$8,413$6,526$5,026$3,952
23 years$12,883$10,058$7,768$5,943$4,511$3,500
24 years$12,215$9,424$7,184$5,421$4,055$3,103
25 years$11,602$8,844$6,654$4,951$3,649$2,754
26 years$11,036$8,311$6,171$4,527$3,287$2,447
27 years$10,514$7,822$5,731$4,143$2,963$2,175
28 years$10,030$7,371$5,327$3,796$2,674$1,935
29 years$9,579$6,953$4,957$3,481$2,414$1,722
30 years$9,160$6,567$4,618$3,195$2,181$1,534
31 years$8,769$6,208$4,305$2,934$1,972$1,367
32 years$8,402$5,874$4,017$2,697$1,784$1,218
33 years$8,059$5,563$3,750$2,480$1,615$1,086
34 years$7,736$5,272$3,504$2,282$1,462$969
35 years$7,433$5,000$3,276$2,100$1,324$865
36 years$7,147$4,746$3,065$1,934$1,200$772
37 years$6,877$4,508$2,868$1,782$1,087$689
38 years$6,622$4,284$2,686$1,643$986$615
39 years$6,381$4,074$2,517$1,515$894$549
40 years$6,152$3,876$2,359$1,397$811$491
41 years$5,935$3,689$2,212$1,289$736$438
42 years$5,729$3,514$2,075$1,190$667$392
43 years$5,533$3,348$1,947$1,098$606$350
44 years$5,347$3,191$1,828$1,014$550$313
45 years$5,169$3,043$1,716$936$499$280
46 years$4,999$2,903$1,612$865$453$250
47 years$4,838$2,770$1,514$799$412$223
48 years$4,683$2,645$1,423$738$374$200
49 years$4,535$2,525$1,337$682$339$179
50 years$4,394$2,412$1,257$631$308$160

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $4,500,000, adding $3,472 every year, while hoping to spend $55,536 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: 47/47/6 Blend
64$4,500,000$4,500,000$4,500,000$4,500,000
65$4,962,581$4,724,081$4,654,331$5,187,787
66$5,409,675$4,896,471$4,751,162$5,514,926
67$5,900,510$5,075,447$4,849,374$5,863,616
68$6,439,491$5,261,273$4,948,957$6,240,709
69$7,031,468$5,454,224$5,049,896$6,648,851
70$7,681,783$5,654,586$5,152,173$7,090,952
71$8,396,323$5,862,660$5,255,769$7,570,205
72$9,181,573$6,078,755$5,360,662$8,090,121
73$10,044,676$6,303,197$5,466,827$8,654,561
74$10,993,504$6,536,323$5,574,236$9,267,764
75$12,036,726$6,778,488$5,682,857$9,934,394
76$13,183,896$7,030,058$5,792,657$10,659,580
77$14,445,539$7,291,417$5,903,597$11,448,957
78$15,833,252$7,562,964$6,015,635$12,308,729
79$17,359,811$7,845,116$6,128,727$13,245,714
80$19,039,293$8,138,309$6,242,821$14,267,416
81$20,887,209$8,442,994$6,357,863$15,382,088
82$22,920,649$8,759,645$6,473,796$16,598,812
83$25,158,442$9,088,755$6,590,555$17,927,579
84$27,621,337$9,430,837$6,708,072$19,379,385
85$30,332,194$9,786,429$6,826,274$20,966,331
86$33,316,203$10,156,089$6,945,079$22,701,734
87$36,601,120$10,540,402$7,064,403$24,600,253
88$40,217,529$10,939,976$7,184,155$26,678,024
89$44,199,128$11,355,446$7,304,236$28,952,808
90$48,583,052$11,787,476$7,424,541$31,444,159
91$53,410,219$12,236,758$7,544,958$34,173,604
92$58,725,714$12,704,012$7,665,367$37,164,843
93$64,579,221$13,189,993$7,785,642$40,443,975
94$71,025,486$13,695,487$7,905,645$44,039,732
95$78,124,834$14,221,314$8,025,232$47,983,756
96$85,943,740$14,768,331$8,144,251$52,310,891
97$94,555,455$15,337,433$8,262,536$57,059,506
98$104,040,697$15,929,553$8,379,917$62,271,859
99$114,488,412$16,545,664$8,496,207$67,994,487
100$125,996,614$17,186,786$8,611,214$74,278,647