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%17.9%
1 years$388,122$384,664$381,291$377,999$374,785$362,787
2 years$192,139$188,561$185,093$181,730$178,469$166,493
3 years$126,821$123,227$119,767$116,436$113,228$101,648
4 years$94,168$90,585$87,160$83,886$80,755$69,661
5 years$74,581$71,019$67,640$64,432$61,389$50,810
6 years$61,527$57,993$54,663$51,527$48,575$38,520
7 years$52,207$48,702$45,425$42,363$39,504$29,972
8 years$45,220$41,747$38,524$35,538$32,773$23,757
9 years$39,788$36,348$33,181$30,270$27,599$19,090
10 years$35,446$32,039$28,928$26,093$23,516$15,500
11 years$31,895$28,522$25,468$22,709$20,225$12,687
12 years$28,938$25,600$22,602$19,919$17,526$10,451
13 years$26,438$23,135$20,193$17,585$15,283$8,653
14 years$24,297$21,029$18,144$15,610$13,397$7,193
15 years$22,443$19,211$16,381$13,922$11,796$6,000
16 years$20,823$17,625$14,852$12,465$10,425$5,019
17 years$19,394$16,232$13,515$11,200$9,244$4,208
18 years$18,126$14,999$12,337$10,093$8,219$3,534
19 years$16,993$13,901$11,294$9,120$7,326$2,973
20 years$15,974$12,918$10,365$8,260$6,544$2,504
21 years$15,053$12,032$9,534$7,497$5,856$2,112
22 years$14,217$11,232$8,787$6,816$5,249$1,782
23 years$13,455$10,505$8,113$6,208$4,712$1,505
24 years$12,758$9,842$7,503$5,662$4,235$1,272
25 years$12,117$9,237$6,950$5,171$3,811$1,076
26 years$11,527$8,681$6,445$4,728$3,433$910
27 years$10,981$8,170$5,985$4,327$3,095$770
28 years$10,475$7,698$5,564$3,965$2,793$652
29 years$10,005$7,262$5,178$3,636$2,522$552
30 years$9,567$6,859$4,823$3,337$2,278$468
31 years$9,158$6,484$4,496$3,065$2,060$396
32 years$8,776$6,135$4,195$2,816$1,863$336
33 years$8,417$5,810$3,917$2,590$1,686$285
34 years$8,080$5,506$3,660$2,383$1,527$241
35 years$7,763$5,223$3,422$2,194$1,383$205
36 years$7,465$4,957$3,201$2,020$1,253$173
37 years$7,183$4,708$2,996$1,861$1,136$147
38 years$6,917$4,474$2,806$1,716$1,030$125
39 years$6,664$4,255$2,629$1,582$934$106
40 years$6,426$4,048$2,464$1,459$847$90
41 years$6,199$3,853$2,310$1,346$768$76
42 years$5,984$3,670$2,167$1,242$697$64
43 years$5,779$3,497$2,033$1,147$633$55
44 years$5,584$3,333$1,909$1,059$574$46
45 years$5,399$3,178$1,792$978$521$39
46 years$5,222$3,032$1,683$903$473$33
47 years$5,053$2,893$1,581$835$430$28
48 years$4,891$2,762$1,486$771$390$24
49 years$4,737$2,638$1,397$713$355$20
50 years$4,589$2,520$1,313$659$322$17

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 $3,070 every year, while hoping to spend $36,668 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: 38/45/17 Blend
64$4,700,000$4,700,000$4,700,000$4,700,000
65$5,182,567$4,933,467$4,860,617$5,352,870
66$5,672,174$5,136,192$4,984,433$5,678,154
67$6,210,492$5,347,622$5,111,168$6,025,734
68$6,802,452$5,568,144$5,240,881$6,400,594
69$7,453,483$5,798,165$5,373,632$6,805,212
70$8,169,571$6,038,107$5,509,481$7,242,304
71$8,957,308$6,288,416$5,648,490$7,714,850
72$9,823,960$6,549,555$5,790,720$8,226,125
73$10,777,529$6,822,009$5,936,235$8,779,718
74$11,826,836$7,106,286$6,085,098$9,379,575
75$12,981,597$7,402,918$6,237,373$10,030,026
76$14,252,520$7,712,460$6,393,124$10,735,830
77$15,651,400$8,035,494$6,552,417$11,502,212
78$17,191,238$8,372,628$6,715,318$12,334,914
79$18,886,356$8,724,498$6,881,893$13,240,247
80$20,752,536$9,091,771$7,052,209$14,225,146
81$22,807,170$9,475,143$7,226,333$15,297,234
82$25,069,420$9,875,344$7,404,333$16,464,892
83$27,560,401$10,293,135$7,586,278$17,737,335
84$30,303,379$10,729,317$7,772,236$19,124,695
85$33,323,994$11,184,723$7,962,276$20,638,114
86$36,650,496$11,660,229$8,156,467$22,289,848
87$40,314,016$12,156,750$8,354,878$24,093,378
88$44,348,857$12,675,243$8,557,579$26,063,533
89$48,792,822$13,216,710$8,764,638$28,216,628
90$53,687,562$13,782,202$8,976,126$30,570,614
91$59,078,979$14,372,815$9,192,112$33,145,243
92$65,017,652$14,989,701$9,412,665$35,962,250
93$71,559,318$15,634,061$9,637,854$39,045,555
94$78,765,394$16,307,155$9,867,748$42,421,486
95$86,703,560$17,010,302$10,102,414$46,119,018
96$95,448,399$17,744,883$10,341,921$50,170,046
97$105,082,096$18,512,342$10,586,335$54,609,682
98$115,695,215$19,314,192$10,835,723$59,476,575
99$127,387,557$20,152,017$11,090,149$64,813,277
100$140,269,097$21,027,476$11,349,679$70,666,637