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%13.6%
1 years$404,637$401,033$397,517$394,084$390,733$384,894
2 years$200,316$196,585$192,969$189,464$186,063$180,194
3 years$132,217$128,470$124,864$121,391$118,046$112,329
4 years$98,175$94,439$90,869$87,456$84,192$78,670
5 years$77,754$74,042$70,518$67,174$64,001$58,692
6 years$64,145$60,461$56,989$53,720$50,642$45,551
7 years$54,429$50,775$47,358$44,166$41,185$36,314
8 years$47,144$43,523$40,163$37,050$34,167$29,516
9 years$41,482$37,895$34,593$31,558$28,774$24,339
10 years$36,954$33,402$30,159$27,203$24,517$20,295
11 years$33,252$29,736$26,551$23,675$21,085$17,073
12 years$30,170$26,690$23,564$20,766$18,272$14,464
13 years$27,563$24,120$21,053$18,334$15,934$12,325
14 years$25,331$21,924$18,916$16,274$13,967$10,552
15 years$23,398$20,028$17,078$14,514$12,298$9,070
16 years$21,709$18,375$15,484$12,996$10,869$7,822
17 years$20,220$16,923$14,090$11,676$9,637$6,764
18 years$18,897$15,638$12,862$10,523$8,569$5,864
19 years$17,716$14,493$11,775$9,508$7,638$5,094
20 years$16,654$13,467$10,806$8,612$6,822$4,432
21 years$15,694$12,544$9,940$7,816$6,105$3,862
22 years$14,822$11,710$9,161$7,106$5,472$3,370
23 years$14,028$10,952$8,459$6,472$4,912$2,944
24 years$13,301$10,261$7,823$5,903$4,415$2,574
25 years$12,633$9,630$7,245$5,391$3,973$2,253
26 years$12,017$9,050$6,720$4,929$3,579$1,973
27 years$11,448$8,517$6,240$4,512$3,227$1,729
28 years$10,921$8,026$5,801$4,134$2,911$1,516
29 years$10,431$7,571$5,398$3,791$2,629$1,330
30 years$9,974$7,150$5,028$3,479$2,375$1,167
31 years$9,548$6,760$4,688$3,195$2,148$1,025
32 years$9,149$6,396$4,374$2,936$1,943$900
33 years$8,775$6,057$4,084$2,700$1,758$791
34 years$8,424$5,741$3,816$2,484$1,592$695
35 years$8,094$5,445$3,567$2,287$1,442$610
36 years$7,782$5,168$3,337$2,106$1,306$537
37 years$7,489$4,908$3,123$1,941$1,184$472
38 years$7,211$4,665$2,925$1,789$1,073$415
39 years$6,948$4,436$2,740$1,649$973$365
40 years$6,699$4,220$2,569$1,521$883$321
41 years$6,463$4,017$2,408$1,404$801$282
42 years$6,238$3,826$2,259$1,295$727$248
43 years$6,025$3,645$2,120$1,196$660$218
44 years$5,822$3,475$1,990$1,104$599$192
45 years$5,628$3,314$1,869$1,020$544$169
46 years$5,444$3,161$1,755$942$493$149
47 years$5,268$3,017$1,649$870$448$131
48 years$5,099$2,880$1,549$804$407$115
49 years$4,938$2,750$1,456$743$370$101
50 years$4,784$2,627$1,369$687$336$89

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 $4,085 every year, while hoping to spend $29,440 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: 35/49/16 Blend
64$4,900,000$4,900,000$4,900,000$4,900,000
65$5,404,014$5,144,314$5,068,364$5,566,387
66$5,923,899$5,365,061$5,206,830$5,905,583
67$6,495,826$5,595,638$5,348,948$6,268,259
68$7,125,072$5,836,496$5,494,809$6,658,948
69$7,817,451$6,088,106$5,644,507$7,080,151
70$8,579,370$6,350,962$5,798,137$7,534,609
71$9,417,888$6,625,581$5,955,796$8,025,325
72$10,340,782$6,912,504$6,117,585$8,555,595
73$11,356,622$7,212,298$6,283,605$9,129,032
74$12,474,853$7,525,556$6,453,961$9,749,601
75$13,705,879$7,852,899$6,628,760$10,421,652
76$15,061,164$8,194,977$6,808,109$11,149,960
77$16,553,344$8,552,472$6,992,122$11,939,765
78$18,196,338$8,926,095$7,180,910$12,796,822
79$20,005,485$9,316,595$7,374,592$13,727,452
80$21,997,689$9,724,753$7,573,286$14,738,594
81$24,191,575$10,151,387$7,777,112$15,837,874
82$26,607,666$10,597,355$7,986,195$17,033,668
83$29,268,577$11,063,555$8,200,662$18,335,183
84$32,199,230$11,550,927$8,420,642$19,752,535
85$35,427,085$12,060,456$8,646,267$21,296,843
86$38,982,402$12,593,173$8,877,672$22,980,331
87$42,898,527$13,150,159$9,114,994$24,816,440
88$47,212,204$13,732,544$9,358,374$26,819,945
89$51,963,925$14,341,514$9,607,954$29,007,098
90$57,198,307$14,978,310$9,863,883$31,395,770
91$62,964,518$15,644,232$10,126,307$34,005,618
92$69,316,741$16,340,641$10,395,381$36,858,265
93$76,314,681$17,068,965$10,671,258$39,977,499
94$84,024,131$17,830,696$10,954,098$43,389,491
95$92,517,594$18,627,402$11,244,061$47,123,035
96$101,874,964$19,460,720$11,541,313$51,209,818
97$112,184,284$20,332,369$11,846,021$55,684,709
98$123,542,575$21,244,149$12,158,356$60,586,080
99$136,056,749$22,197,943$12,478,492$65,956,168
100$149,844,622$23,195,728$12,806,607$71,841,458