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

Use the below retirement simulation to view the chances of a successful retirement.
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%12.2%
1 years$371,606$368,296$365,066$361,914$358,836$355,533
2 years$183,963$180,537$177,217$173,997$170,874$167,546
3 years$121,424$117,983$114,671$111,482$108,410$105,160
4 years$90,160$86,730$83,451$80,316$77,319$74,172
5 years$71,407$67,997$64,761$61,691$58,776$55,742
6 years$58,909$55,525$52,337$49,334$46,508$43,590
7 years$49,985$46,630$43,492$40,561$37,823$35,023
8 years$43,296$39,970$36,885$34,025$31,378$28,696
9 years$38,095$34,801$31,769$28,982$26,425$23,859
10 years$33,937$30,676$27,697$24,983$22,515$20,065
11 years$30,538$27,309$24,384$21,742$19,364$17,027
12 years$27,707$24,511$21,640$19,071$16,780$14,554
13 years$25,313$22,151$19,334$16,837$14,633$12,515
14 years$23,263$20,134$17,372$14,946$12,827$10,815
15 years$21,488$18,393$15,684$13,329$11,294$9,384
16 years$19,937$16,875$14,220$11,935$9,982$8,172
17 years$18,569$15,542$12,940$10,723$8,850$7,137
18 years$17,355$14,361$11,812$9,664$7,869$6,249
19 years$16,270$13,310$10,814$8,732$7,014$5,484
20 years$15,294$12,368$9,924$7,909$6,265$4,821
21 years$14,413$11,520$9,128$7,178$5,607$4,246
22 years$13,612$10,754$8,413$6,526$5,026$3,744
23 years$12,883$10,058$7,768$5,943$4,511$3,306
24 years$12,215$9,424$7,184$5,421$4,055$2,922
25 years$11,602$8,844$6,654$4,951$3,649$2,586
26 years$11,036$8,311$6,171$4,527$3,287$2,290
27 years$10,514$7,822$5,731$4,143$2,963$2,029
28 years$10,030$7,371$5,327$3,796$2,674$1,799
29 years$9,579$6,953$4,957$3,481$2,414$1,596
30 years$9,160$6,567$4,618$3,195$2,181$1,417
31 years$8,769$6,208$4,305$2,934$1,972$1,259
32 years$8,402$5,874$4,017$2,697$1,784$1,118
33 years$8,059$5,563$3,750$2,480$1,615$994
34 years$7,736$5,272$3,504$2,282$1,462$884
35 years$7,433$5,000$3,276$2,100$1,324$786
36 years$7,147$4,746$3,065$1,934$1,200$699
37 years$6,877$4,508$2,868$1,782$1,087$622
38 years$6,622$4,284$2,686$1,643$986$553
39 years$6,381$4,074$2,517$1,515$894$493
40 years$6,152$3,876$2,359$1,397$811$438
41 years$5,935$3,689$2,212$1,289$736$390
42 years$5,729$3,514$2,075$1,190$667$348
43 years$5,533$3,348$1,947$1,098$606$309
44 years$5,347$3,191$1,828$1,014$550$276
45 years$5,169$3,043$1,716$936$499$245
46 years$4,999$2,903$1,612$865$453$219
47 years$4,838$2,770$1,514$799$412$195
48 years$4,683$2,645$1,423$738$374$174
49 years$4,535$2,525$1,337$682$339$155
50 years$4,394$2,412$1,257$631$308$138

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 $3,829 every year, while hoping to spend $51,999 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: 82/7/11 Blend
64$4,500,000$4,500,000$4,500,000$4,500,000
65$4,962,950$4,724,450$4,654,700$5,360,447
66$5,413,844$4,900,621$4,755,306$5,797,647
67$5,908,987$5,083,682$4,857,539$6,270,300
68$6,452,836$5,273,916$4,961,399$6,787,684
69$7,050,304$5,471,616$5,066,885$7,354,257
70$7,706,801$5,677,091$5,173,992$7,974,932
71$8,428,288$5,890,662$5,282,713$8,655,118
72$9,221,331$6,112,662$5,393,042$9,400,773
73$10,093,166$6,343,441$5,504,968$10,218,458
74$11,051,762$6,583,363$5,618,477$11,115,402
75$12,105,901$6,832,808$5,733,556$12,099,567
76$13,265,259$7,092,171$5,850,186$13,179,722
77$14,540,495$7,361,867$5,968,347$14,365,529
78$15,943,353$7,642,326$6,088,014$15,667,629
79$17,486,775$7,934,000$6,209,162$17,097,746
80$19,185,017$8,237,357$6,331,760$18,668,795
81$21,053,790$8,552,888$6,455,775$20,395,005
82$23,110,402$8,881,105$6,581,169$22,292,051
83$25,373,926$9,222,543$6,707,901$24,377,201
84$27,865,377$9,577,758$6,835,927$26,669,481
85$30,607,910$9,947,332$6,965,195$29,189,854
86$33,627,040$10,331,875$7,095,652$31,961,414
87$36,950,880$10,732,019$7,227,239$35,009,605
88$40,610,410$11,148,428$7,359,891$38,362,463
89$44,639,763$11,581,792$7,493,539$42,050,877
90$49,076,554$12,032,835$7,628,108$46,108,880
91$53,962,229$12,502,311$7,763,516$50,573,972
92$59,342,459$12,991,006$7,899,676$55,487,470
93$65,267,569$13,499,744$8,036,494$60,894,901
94$71,793,013$14,029,384$8,173,869$66,846,428
95$78,979,900$14,580,823$8,311,693$73,397,324
96$86,895,565$15,154,999$8,449,850$80,608,492
97$95,614,209$15,752,890$8,588,216$88,547,042
98$105,217,596$16,375,520$8,726,659$97,286,920
99$115,795,827$17,023,957$8,865,039$106,909,605
100$127,448,188$17,699,317$9,003,204$117,504,884