Can I retire at age 65 with 4,900,000?

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 $4,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$404,637$401,033$397,517$394,084$390,733$376,869
2 years$200,316$196,585$192,969$189,464$186,063$172,244
3 years$132,217$128,470$124,864$121,391$118,046$104,705
4 years$98,175$94,439$90,869$87,456$84,192$71,431
5 years$77,754$74,042$70,518$67,174$64,001$51,854
6 years$64,145$60,461$56,989$53,720$50,642$39,118
7 years$54,429$50,775$47,358$44,166$41,185$30,282
8 years$47,144$43,523$40,163$37,050$34,167$23,875
9 years$41,482$37,895$34,593$31,558$28,774$19,079
10 years$36,954$33,402$30,159$27,203$24,517$15,404
11 years$33,252$29,736$26,551$23,675$21,085$12,535
12 years$30,170$26,690$23,564$20,766$18,272$10,264
13 years$27,563$24,120$21,053$18,334$15,934$8,446
14 years$25,331$21,924$18,916$16,274$13,967$6,978
15 years$23,398$20,028$17,078$14,514$12,298$5,783
16 years$21,709$18,375$15,484$12,996$10,869$4,806
17 years$20,220$16,923$14,090$11,676$9,637$4,003
18 years$18,897$15,638$12,862$10,523$8,569$3,339
19 years$17,716$14,493$11,775$9,508$7,638$2,790
20 years$16,654$13,467$10,806$8,612$6,822$2,334
21 years$15,694$12,544$9,940$7,816$6,105$1,954
22 years$14,822$11,710$9,161$7,106$5,472$1,638
23 years$14,028$10,952$8,459$6,472$4,912$1,374
24 years$13,301$10,261$7,823$5,903$4,415$1,153
25 years$12,633$9,630$7,245$5,391$3,973$968
26 years$12,017$9,050$6,720$4,929$3,579$813
27 years$11,448$8,517$6,240$4,512$3,227$683
28 years$10,921$8,026$5,801$4,134$2,911$574
29 years$10,431$7,571$5,398$3,791$2,629$483
30 years$9,974$7,150$5,028$3,479$2,375$406
31 years$9,548$6,760$4,688$3,195$2,148$341
32 years$9,149$6,396$4,374$2,936$1,943$287
33 years$8,775$6,057$4,084$2,700$1,758$241
34 years$8,424$5,741$3,816$2,484$1,592$203
35 years$8,094$5,445$3,567$2,287$1,442$171
36 years$7,782$5,168$3,337$2,106$1,306$144
37 years$7,489$4,908$3,123$1,941$1,184$121
38 years$7,211$4,665$2,925$1,789$1,073$102
39 years$6,948$4,436$2,740$1,649$973$86
40 years$6,699$4,220$2,569$1,521$883$72
41 years$6,463$4,017$2,408$1,404$801$61
42 years$6,238$3,826$2,259$1,295$727$51
43 years$6,025$3,645$2,120$1,196$660$43
44 years$5,822$3,475$1,990$1,104$599$36
45 years$5,628$3,314$1,869$1,020$544$30
46 years$5,444$3,161$1,755$942$493$26
47 years$5,268$3,017$1,649$870$448$22
48 years$5,099$2,880$1,549$804$407$18
49 years$4,938$2,750$1,456$743$370$15
50 years$4,784$2,627$1,369$687$336$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $4,900,000, adding $3,917 every year, while hoping to spend $42,598 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: 26/49/25 Blend
64$4,900,000$4,900,000$4,900,000$4,900,000
65$5,403,840$5,144,140$5,068,190$5,501,704
66$5,909,708$5,350,879$5,192,651$5,787,976
67$6,465,747$5,566,321$5,319,853$6,090,981
68$7,077,029$5,790,846$5,449,844$6,415,207
69$7,749,142$6,024,854$5,582,670$6,762,472
70$8,488,244$6,268,762$5,718,379$7,134,767
71$9,301,119$6,523,005$5,857,018$7,534,271
72$10,195,239$6,788,038$5,998,635$7,963,372
73$11,178,840$7,064,338$6,143,276$8,424,688
74$12,260,994$7,352,404$6,290,988$8,921,085
75$13,451,699$7,652,754$6,441,819$9,455,707
76$14,761,967$7,965,935$6,595,815$10,032,003
77$16,203,937$8,292,514$6,753,024$10,653,755
78$17,790,979$8,633,088$6,913,491$11,325,111
79$19,537,828$8,988,278$7,077,262$12,050,626
80$21,460,718$9,358,736$7,244,382$12,835,298
81$23,577,540$9,745,143$7,414,898$13,684,613
82$25,908,004$10,148,210$7,588,852$14,604,597
83$28,473,831$10,568,682$7,766,288$15,601,868
84$31,298,953$11,007,339$7,947,250$16,683,695
85$34,409,742$11,464,994$8,131,779$17,858,062
86$37,835,258$11,942,501$8,319,916$19,133,746
87$41,607,522$12,440,752$8,511,701$20,520,389
88$45,761,818$12,960,678$8,707,172$22,028,592
89$50,337,028$13,503,256$8,906,367$23,670,005
90$55,375,996$14,069,506$9,109,321$25,457,438
91$60,925,933$14,660,498$9,316,069$27,404,977
92$67,038,864$15,277,348$9,526,643$29,528,111
93$73,772,116$15,921,225$9,741,073$31,843,874
94$81,188,861$16,593,355$9,959,389$34,371,002
95$89,358,712$17,295,016$10,181,615$37,130,107
96$98,358,379$18,027,550$10,407,777$40,143,862
97$108,272,391$18,792,357$10,637,895$43,437,214
98$119,193,898$19,590,906$10,871,988$47,037,610
99$131,225,548$20,424,733$11,110,071$50,975,255
100$144,480,452$21,295,443$11,352,158$55,283,387