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

Use the below retirement simulation to view the chances of a successful retirement.
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%18.5%
1 years$404,637$401,033$397,517$394,084$390,733$377,320
2 years$200,316$196,585$192,969$189,464$186,063$172,686
3 years$132,217$128,470$124,864$121,391$118,046$105,126
4 years$98,175$94,439$90,869$87,456$84,192$71,826
5 years$77,754$74,042$70,518$67,174$64,001$52,224
6 years$64,145$60,461$56,989$53,720$50,642$39,462
7 years$54,429$50,775$47,358$44,166$41,185$30,600
8 years$47,144$43,523$40,163$37,050$34,167$24,169
9 years$41,482$37,895$34,593$31,558$28,774$19,350
10 years$36,954$33,402$30,159$27,203$24,517$15,652
11 years$33,252$29,736$26,551$23,675$21,085$12,761
12 years$30,170$26,690$23,564$20,766$18,272$10,470
13 years$27,563$24,120$21,053$18,334$15,934$8,633
14 years$25,331$21,924$18,916$16,274$13,967$7,148
15 years$23,398$20,028$17,078$14,514$12,298$5,937
16 years$21,709$18,375$15,484$12,996$10,869$4,944
17 years$20,220$16,923$14,090$11,676$9,637$4,127
18 years$18,897$15,638$12,862$10,523$8,569$3,451
19 years$17,716$14,493$11,775$9,508$7,638$2,890
20 years$16,654$13,467$10,806$8,612$6,822$2,423
21 years$15,694$12,544$9,940$7,816$6,105$2,034
22 years$14,822$11,710$9,161$7,106$5,472$1,708
23 years$14,028$10,952$8,459$6,472$4,912$1,436
24 years$13,301$10,261$7,823$5,903$4,415$1,208
25 years$12,633$9,630$7,245$5,391$3,973$1,017
26 years$12,017$9,050$6,720$4,929$3,579$856
27 years$11,448$8,517$6,240$4,512$3,227$721
28 years$10,921$8,026$5,801$4,134$2,911$607
29 years$10,431$7,571$5,398$3,791$2,629$512
30 years$9,974$7,150$5,028$3,479$2,375$432
31 years$9,548$6,760$4,688$3,195$2,148$364
32 years$9,149$6,396$4,374$2,936$1,943$307
33 years$8,775$6,057$4,084$2,700$1,758$259
34 years$8,424$5,741$3,816$2,484$1,592$218
35 years$8,094$5,445$3,567$2,287$1,442$184
36 years$7,782$5,168$3,337$2,106$1,306$155
37 years$7,489$4,908$3,123$1,941$1,184$131
38 years$7,211$4,665$2,925$1,789$1,073$110
39 years$6,948$4,436$2,740$1,649$973$93
40 years$6,699$4,220$2,569$1,521$883$79
41 years$6,463$4,017$2,408$1,404$801$66
42 years$6,238$3,826$2,259$1,295$727$56
43 years$6,025$3,645$2,120$1,196$660$47
44 years$5,822$3,475$1,990$1,104$599$40
45 years$5,628$3,314$1,869$1,020$544$34
46 years$5,444$3,161$1,755$942$493$28
47 years$5,268$3,017$1,649$870$448$24
48 years$5,099$2,880$1,549$804$407$20
49 years$4,938$2,750$1,456$743$370$17
50 years$4,784$2,627$1,369$687$336$14

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 $5,758 every year, while hoping to spend $39,240 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: 39/37/24 Blend
64$4,900,000$4,900,000$4,900,000$4,900,000
65$5,405,739$5,146,039$5,070,089$5,577,804
66$5,915,374$5,356,444$5,198,186$5,913,418
67$6,475,676$5,575,844$5,329,259$6,271,978
68$7,091,772$5,804,637$5,463,367$6,658,919
69$7,769,310$6,043,242$5,600,567$7,076,845
70$8,514,515$6,292,096$5,740,921$7,528,614
71$9,334,241$6,551,654$5,884,487$8,017,367
72$10,236,043$6,822,395$6,031,328$8,546,550
73$11,228,245$7,104,818$6,181,503$9,119,949
74$12,320,018$7,399,446$6,335,075$9,741,725
75$13,521,466$7,706,825$6,492,106$10,416,448
76$14,843,723$8,027,527$6,652,659$11,149,139
77$16,299,057$8,362,150$6,816,797$11,945,321
78$17,900,985$8,711,320$6,984,584$12,811,061
79$19,664,402$9,075,690$7,156,084$13,753,030
80$21,605,718$9,455,947$7,331,361$14,778,564
81$23,743,019$9,852,806$7,510,479$15,895,728
82$26,096,231$10,267,017$7,693,504$17,113,395
83$28,687,310$10,699,365$7,880,500$18,441,321
84$31,540,451$11,150,669$8,071,531$19,890,239
85$34,682,313$11,621,788$8,266,664$21,471,956
86$38,142,275$12,113,622$8,465,964$23,199,465
87$41,952,708$12,627,110$8,669,494$25,087,057
88$46,149,282$13,163,236$8,877,320$27,150,463
89$50,771,305$13,723,031$9,089,506$29,406,992
90$55,862,090$14,307,571$9,306,117$31,875,692
91$61,469,367$14,917,986$9,527,215$34,577,532
92$67,645,730$15,555,455$9,752,865$37,535,589
93$74,449,137$16,221,215$9,983,128$40,775,267
94$81,943,453$16,916,558$10,218,067$44,324,532
95$90,199,055$17,642,839$10,457,742$48,214,172
96$99,293,496$18,401,476$10,702,213$52,478,082
97$109,312,234$19,193,950$10,951,540$57,153,581
98$120,349,445$20,021,816$11,205,779$62,281,762
99$132,508,903$20,886,700$11,464,987$67,907,869
100$145,904,965$21,790,302$11,729,219$74,081,725