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%13.5%
1 years$371,606$368,296$365,066$361,914$358,836$353,620
2 years$183,963$180,537$177,217$173,997$170,874$165,630
3 years$121,424$117,983$114,671$111,482$108,410$103,300
4 years$90,160$86,730$83,451$80,316$77,319$72,384
5 years$71,407$67,997$64,761$61,691$58,776$54,030
6 years$58,909$55,525$52,337$49,334$46,508$41,956
7 years$49,985$46,630$43,492$40,561$37,823$33,467
8 years$43,296$39,970$36,885$34,025$31,378$27,217
9 years$38,095$34,801$31,769$28,982$26,425$22,457
10 years$33,937$30,676$27,697$24,983$22,515$18,737
11 years$30,538$27,309$24,384$21,742$19,364$15,772
12 years$27,707$24,511$21,640$19,071$16,780$13,371
13 years$25,313$22,151$19,334$16,837$14,633$11,401
14 years$23,263$20,134$17,372$14,946$12,827$9,767
15 years$21,488$18,393$15,684$13,329$11,294$8,401
16 years$19,937$16,875$14,220$11,935$9,982$7,250
17 years$18,569$15,542$12,940$10,723$8,850$6,274
18 years$17,355$14,361$11,812$9,664$7,869$5,443
19 years$16,270$13,310$10,814$8,732$7,014$4,731
20 years$15,294$12,368$9,924$7,909$6,265$4,120
21 years$14,413$11,520$9,128$7,178$5,607$3,593
22 years$13,612$10,754$8,413$6,526$5,026$3,138
23 years$12,883$10,058$7,768$5,943$4,511$2,743
24 years$12,215$9,424$7,184$5,421$4,055$2,400
25 years$11,602$8,844$6,654$4,951$3,649$2,102
26 years$11,036$8,311$6,171$4,527$3,287$1,843
27 years$10,514$7,822$5,731$4,143$2,963$1,616
28 years$10,030$7,371$5,327$3,796$2,674$1,418
29 years$9,579$6,953$4,957$3,481$2,414$1,245
30 years$9,160$6,567$4,618$3,195$2,181$1,094
31 years$8,769$6,208$4,305$2,934$1,972$961
32 years$8,402$5,874$4,017$2,697$1,784$845
33 years$8,059$5,563$3,750$2,480$1,615$743
34 years$7,736$5,272$3,504$2,282$1,462$653
35 years$7,433$5,000$3,276$2,100$1,324$574
36 years$7,147$4,746$3,065$1,934$1,200$505
37 years$6,877$4,508$2,868$1,782$1,087$445
38 years$6,622$4,284$2,686$1,643$986$391
39 years$6,381$4,074$2,517$1,515$894$344
40 years$6,152$3,876$2,359$1,397$811$303
41 years$5,935$3,689$2,212$1,289$736$267
42 years$5,729$3,514$2,075$1,190$667$235
43 years$5,533$3,348$1,947$1,098$606$207
44 years$5,347$3,191$1,828$1,014$550$182
45 years$5,169$3,043$1,716$936$499$161
46 years$4,999$2,903$1,612$865$453$141
47 years$4,838$2,770$1,514$799$412$125
48 years$4,683$2,645$1,423$738$374$110
49 years$4,535$2,525$1,337$682$339$97
50 years$4,394$2,412$1,257$631$308$85

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 $4,373 every year, while hoping to spend $34,876 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: 53/29/18 Blend
64$4,500,000$4,500,000$4,500,000$4,500,000
65$4,963,511$4,725,011$4,655,261$5,202,067
66$5,432,681$4,919,428$4,774,104$5,560,435
67$5,948,538$5,122,204$4,895,760$5,946,131
68$6,515,806$5,333,709$5,020,286$6,365,047
69$7,139,692$5,554,335$5,147,739$6,820,353
70$7,825,932$5,784,488$5,278,179$7,315,534
71$8,580,845$6,024,596$5,411,666$7,854,422
72$9,411,394$6,275,104$5,548,260$8,441,232
73$10,325,251$6,536,479$5,688,021$9,080,596
74$11,330,869$6,809,209$5,831,012$9,777,614
75$12,437,562$7,093,805$5,977,296$10,537,890
76$13,655,593$7,390,800$6,126,934$11,367,594
77$14,996,268$7,700,755$6,279,992$12,273,512
78$16,472,049$8,024,253$6,436,533$13,263,111
79$18,096,663$8,361,907$6,596,622$14,344,608
80$19,885,238$8,714,356$6,760,324$15,527,046
81$21,854,444$9,082,271$6,927,707$16,820,376
82$24,022,648$9,466,352$7,098,835$18,235,551
83$26,410,088$9,867,334$7,273,776$19,784,629
84$29,039,067$10,285,983$7,452,598$21,480,881
85$31,934,158$10,723,103$7,635,367$23,338,917
86$35,122,442$11,179,535$7,822,151$25,374,821
87$38,633,758$11,656,158$8,013,020$27,606,303
88$42,500,986$12,153,895$8,208,040$30,052,858
89$46,760,358$12,673,707$8,407,281$32,735,956
90$51,451,801$13,216,605$8,610,812$35,679,235
91$56,619,310$13,783,645$8,818,700$38,908,726
92$62,311,368$14,375,931$9,031,014$42,453,094
93$68,581,397$14,994,621$9,247,823$46,343,907
94$75,488,269$15,640,927$9,469,194$50,615,929
95$83,096,856$16,316,116$9,695,195$55,307,450
96$91,478,645$17,021,516$9,925,895$60,460,638
97$100,712,413$17,758,517$10,161,359$66,121,939
98$110,884,969$18,528,573$10,401,654$72,342,510
99$122,091,971$19,333,209$10,646,845$79,178,697
100$134,438,836$20,174,019$10,896,997$86,692,567