Can I retire at age 65 with 4,700,000?

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 $4,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$388,122$384,664$381,291$377,999$374,785$367,970
2 years$192,139$188,561$185,093$181,730$178,469$171,628
3 years$126,821$123,227$119,767$116,436$113,228$106,574
4 years$94,168$90,585$87,160$83,886$80,755$74,338
5 years$74,581$71,019$67,640$64,432$61,389$55,228
6 years$61,527$57,993$54,663$51,527$48,575$42,677
7 years$52,207$48,702$45,425$42,363$39,504$33,871
8 years$45,220$41,747$38,524$35,538$32,773$27,403
9 years$39,788$36,348$33,181$30,270$27,599$22,490
10 years$35,446$32,039$28,928$26,093$23,516$18,662
11 years$31,895$28,522$25,468$22,709$20,225$15,620
12 years$28,938$25,600$22,602$19,919$17,526$13,166
13 years$26,438$23,135$20,193$17,585$15,283$11,159
14 years$24,297$21,029$18,144$15,610$13,397$9,503
15 years$22,443$19,211$16,381$13,922$11,796$8,123
16 years$20,823$17,625$14,852$12,465$10,425$6,966
17 years$19,394$16,232$13,515$11,200$9,244$5,990
18 years$18,126$14,999$12,337$10,093$8,219$5,163
19 years$16,993$13,901$11,294$9,120$7,326$4,458
20 years$15,974$12,918$10,365$8,260$6,544$3,856
21 years$15,053$12,032$9,534$7,497$5,856$3,340
22 years$14,217$11,232$8,787$6,816$5,249$2,897
23 years$13,455$10,505$8,113$6,208$4,712$2,515
24 years$12,758$9,842$7,503$5,662$4,235$2,185
25 years$12,117$9,237$6,950$5,171$3,811$1,900
26 years$11,527$8,681$6,445$4,728$3,433$1,654
27 years$10,981$8,170$5,985$4,327$3,095$1,440
28 years$10,475$7,698$5,564$3,965$2,793$1,254
29 years$10,005$7,262$5,178$3,636$2,522$1,093
30 years$9,567$6,859$4,823$3,337$2,278$953
31 years$9,158$6,484$4,496$3,065$2,060$831
32 years$8,776$6,135$4,195$2,816$1,863$725
33 years$8,417$5,810$3,917$2,590$1,686$633
34 years$8,080$5,506$3,660$2,383$1,527$552
35 years$7,763$5,223$3,422$2,194$1,383$482
36 years$7,465$4,957$3,201$2,020$1,253$421
37 years$7,183$4,708$2,996$1,861$1,136$368
38 years$6,917$4,474$2,806$1,716$1,030$321
39 years$6,664$4,255$2,629$1,582$934$280
40 years$6,426$4,048$2,464$1,459$847$245
41 years$6,199$3,853$2,310$1,346$768$214
42 years$5,984$3,670$2,167$1,242$697$187
43 years$5,779$3,497$2,033$1,147$633$163
44 years$5,584$3,333$1,909$1,059$574$143
45 years$5,399$3,178$1,792$978$521$125
46 years$5,222$3,032$1,683$903$473$109
47 years$5,053$2,893$1,581$835$430$95
48 years$4,891$2,762$1,486$771$390$83
49 years$4,737$2,638$1,397$713$355$73
50 years$4,589$2,520$1,313$659$322$64

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $4,700,000, adding $4,743 every year, while hoping to spend $31,893 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: 50/36/14 Blend
64$4,700,000$4,700,000$4,700,000$4,700,000
65$5,184,292$4,935,192$4,862,342$5,423,445
66$5,679,156$5,143,083$4,991,297$5,796,128
67$6,223,427$5,360,091$5,123,503$6,197,180
68$6,822,112$5,586,630$5,259,035$6,632,296
69$7,480,724$5,823,132$5,397,969$7,104,690
70$8,205,342$6,070,050$5,540,386$7,617,893
71$9,002,661$6,327,856$5,686,362$8,175,784
72$9,880,058$6,597,047$5,835,981$8,782,627
73$10,845,663$6,878,141$5,989,325$9,443,108
74$11,908,430$7,171,680$6,146,478$10,162,381
75$13,078,231$7,478,232$6,307,525$10,946,110
76$14,365,937$7,798,393$6,472,554$11,800,524
77$15,783,532$8,132,784$6,641,654$12,732,472
78$17,344,219$8,482,056$6,814,916$13,749,489
79$19,062,544$8,846,892$6,992,431$14,859,861
80$20,954,539$9,228,005$7,174,292$16,072,705
81$23,037,868$9,626,143$7,360,597$17,398,049
82$25,331,993$10,042,087$7,551,440$18,846,927
83$27,858,364$10,476,657$7,746,921$20,431,481
84$30,640,614$10,930,710$7,947,139$22,165,072
85$33,704,785$11,405,143$8,152,197$24,062,402
86$37,079,575$11,900,897$8,362,197$26,139,654
87$40,796,605$12,418,955$8,577,244$28,414,638
88$44,890,723$12,960,347$8,797,446$30,906,959
89$49,400,326$13,526,153$9,022,909$33,638,199
90$54,367,727$14,117,502$9,253,744$36,632,113
91$59,839,552$14,735,577$9,490,062$39,914,857
92$65,867,183$15,381,617$9,731,976$43,515,225
93$72,507,238$16,056,919$9,979,599$47,464,920
94$79,822,109$16,762,840$10,233,049$51,798,851
95$87,880,549$17,500,805$10,492,441$56,555,455
96$96,758,323$18,272,302$10,757,896$61,777,058
97$106,538,920$19,078,893$11,029,533$67,510,269
98$117,314,342$19,922,211$11,307,474$73,806,418
99$129,185,973$20,803,967$11,591,843$80,722,030
100$142,265,536$21,725,955$11,882,763$88,319,360