Can I retire at age 65 with 4,600,000?

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 $4,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$379,864$376,480$373,179$369,957$366,810$355,353
2 years$188,051$184,549$181,155$177,864$174,672$163,231
3 years$124,122$120,605$117,219$113,959$110,819$99,753
4 years$92,164$88,657$85,306$82,101$79,037$68,431
5 years$72,994$69,508$66,201$63,062$60,083$49,965
6 years$60,218$56,759$53,500$50,431$47,541$37,921
7 years$51,096$47,666$44,459$41,462$38,664$29,540
8 years$44,258$40,859$37,704$34,781$32,075$23,442
9 years$38,942$35,575$32,475$29,626$27,012$18,860
10 years$34,692$31,357$28,312$25,538$23,016$15,332
11 years$31,216$27,916$24,926$22,226$19,794$12,566
12 years$28,322$25,056$22,121$19,495$17,153$10,365
13 years$25,876$22,643$19,764$17,211$14,958$8,593
14 years$23,780$20,582$17,758$15,278$13,112$7,154
15 years$21,966$18,802$16,033$13,625$11,545$5,976
16 years$20,380$17,250$14,536$12,200$10,203$5,006
17 years$18,982$15,887$13,227$10,962$9,047$4,203
18 years$17,740$14,680$12,075$9,879$8,044$3,535
19 years$16,631$13,605$11,054$8,926$7,170$2,978
20 years$15,634$12,643$10,145$8,084$6,404$2,513
21 years$14,733$11,776$9,331$7,337$5,731$2,122
22 years$13,915$10,993$8,600$6,671$5,137$1,794
23 years$13,169$10,281$7,941$6,075$4,611$1,517
24 years$12,487$9,633$7,344$5,541$4,145$1,285
25 years$11,860$9,040$6,802$5,061$3,730$1,088
26 years$11,282$8,496$6,308$4,627$3,360$922
27 years$10,748$7,996$5,858$4,235$3,029$782
28 years$10,252$7,534$5,446$3,880$2,733$663
29 years$9,792$7,108$5,068$3,558$2,468$562
30 years$9,364$6,713$4,720$3,266$2,230$477
31 years$8,963$6,346$4,401$2,999$2,016$405
32 years$8,589$6,004$4,106$2,756$1,824$344
33 years$8,238$5,686$3,834$2,535$1,650$292
34 years$7,908$5,389$3,582$2,332$1,494$248
35 years$7,598$5,112$3,349$2,147$1,353$210
36 years$7,306$4,852$3,133$1,977$1,226$179
37 years$7,030$4,608$2,932$1,822$1,111$152
38 years$6,769$4,379$2,746$1,679$1,008$129
39 years$6,523$4,164$2,573$1,548$914$109
40 years$6,289$3,962$2,411$1,428$829$93
41 years$6,067$3,771$2,261$1,318$752$79
42 years$5,856$3,592$2,121$1,216$682$67
43 years$5,656$3,422$1,990$1,122$619$57
44 years$5,465$3,262$1,868$1,036$562$48
45 years$5,284$3,111$1,754$957$510$41
46 years$5,110$2,967$1,648$884$463$35
47 years$4,945$2,832$1,548$817$421$30
48 years$4,787$2,703$1,455$755$382$25
49 years$4,636$2,582$1,367$698$347$21
50 years$4,491$2,466$1,285$645$315$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $4,600,000, adding $4,789 every year, while hoping to spend $28,753 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: 40/43/17 Blend
64$4,600,000$4,600,000$4,600,000$4,600,000
65$5,074,140$4,830,340$4,759,040$5,251,308
66$5,561,109$5,036,434$4,887,875$5,583,963
67$6,096,786$5,251,662$5,020,062$5,940,462
68$6,686,107$5,476,443$5,155,683$6,325,522
69$7,334,514$5,711,213$5,294,823$6,741,753
70$8,048,001$5,956,428$5,437,566$7,192,018
71$8,833,172$6,212,569$5,583,999$7,679,460
72$9,697,306$6,480,135$5,734,213$8,207,529
73$10,648,420$6,759,650$5,888,299$8,780,012
74$11,695,351$7,051,665$6,046,349$9,401,068
75$12,847,834$7,356,754$6,208,458$10,075,264
76$14,116,596$7,675,518$6,374,725$10,807,617
77$15,513,457$8,008,587$6,545,247$11,603,640
78$17,051,443$8,356,621$6,720,126$12,469,389
79$18,744,906$8,720,310$6,899,465$13,411,520
80$20,609,659$9,100,379$7,083,370$14,437,349
81$22,663,129$9,497,582$7,271,948$15,554,918
82$24,924,519$9,912,715$7,465,309$16,773,069
83$27,414,988$10,346,606$7,663,565$18,101,522
84$30,157,852$10,800,125$7,866,830$19,550,968
85$33,178,804$11,274,182$8,075,220$21,133,164
86$36,506,156$11,769,731$8,288,853$22,861,040
87$40,171,106$12,287,769$8,507,852$24,748,819
88$44,208,033$12,829,344$8,732,339$26,812,150
89$48,654,819$13,395,548$8,962,439$29,068,248
90$53,553,211$13,987,531$9,198,281$31,536,054
91$58,949,210$14,606,492$9,439,995$34,236,410
92$64,893,509$15,253,689$9,687,714$37,192,253
93$71,441,968$15,930,441$9,941,574$40,428,824
94$78,656,143$16,638,127$10,201,711$43,973,903
95$86,603,868$17,378,193$10,468,266$47,858,069
96$95,359,891$18,152,154$10,741,382$52,114,980
97$105,006,586$18,961,595$11,021,204$56,781,686
98$115,634,723$19,808,178$11,307,880$61,898,975
99$127,344,330$20,693,644$11,601,559$67,511,751
100$140,245,635$21,619,816$11,902,395$73,669,451