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%13.1%
1 years$404,637$401,033$397,517$394,084$390,733$385,690
2 years$200,316$196,585$192,969$189,464$186,063$180,990
3 years$132,217$128,470$124,864$121,391$118,046$113,100
4 years$98,175$94,439$90,869$87,456$84,192$79,411
5 years$77,754$74,042$70,518$67,174$64,001$59,400
6 years$64,145$60,461$56,989$53,720$50,642$46,225
7 years$54,429$50,775$47,358$44,166$41,185$36,955
8 years$47,144$43,523$40,163$37,050$34,167$30,123
9 years$41,482$37,895$34,593$31,558$28,774$24,913
10 years$36,954$33,402$30,159$27,203$24,517$20,838
11 years$33,252$29,736$26,551$23,675$21,085$17,584
12 years$30,170$26,690$23,564$20,766$18,272$14,945
13 years$27,563$24,120$21,053$18,334$15,934$12,776
14 years$25,331$21,924$18,916$16,274$13,967$10,975
15 years$23,398$20,028$17,078$14,514$12,298$9,466
16 years$21,709$18,375$15,484$12,996$10,869$8,191
17 years$20,220$16,923$14,090$11,676$9,637$7,109
18 years$18,897$15,638$12,862$10,523$8,569$6,185
19 years$17,716$14,493$11,775$9,508$7,638$5,392
20 years$16,654$13,467$10,806$8,612$6,822$4,709
21 years$15,694$12,544$9,940$7,816$6,105$4,119
22 years$14,822$11,710$9,161$7,106$5,472$3,608
23 years$14,028$10,952$8,459$6,472$4,912$3,164
24 years$13,301$10,261$7,823$5,903$4,415$2,777
25 years$12,633$9,630$7,245$5,391$3,973$2,440
26 years$12,017$9,050$6,720$4,929$3,579$2,146
27 years$11,448$8,517$6,240$4,512$3,227$1,888
28 years$10,921$8,026$5,801$4,134$2,911$1,662
29 years$10,431$7,571$5,398$3,791$2,629$1,464
30 years$9,974$7,150$5,028$3,479$2,375$1,290
31 years$9,548$6,760$4,688$3,195$2,148$1,137
32 years$9,149$6,396$4,374$2,936$1,943$1,003
33 years$8,775$6,057$4,084$2,700$1,758$885
34 years$8,424$5,741$3,816$2,484$1,592$781
35 years$8,094$5,445$3,567$2,287$1,442$689
36 years$7,782$5,168$3,337$2,106$1,306$608
37 years$7,489$4,908$3,123$1,941$1,184$537
38 years$7,211$4,665$2,925$1,789$1,073$474
39 years$6,948$4,436$2,740$1,649$973$419
40 years$6,699$4,220$2,569$1,521$883$370
41 years$6,463$4,017$2,408$1,404$801$327
42 years$6,238$3,826$2,259$1,295$727$289
43 years$6,025$3,645$2,120$1,196$660$255
44 years$5,822$3,475$1,990$1,104$599$225
45 years$5,628$3,314$1,869$1,020$544$199
46 years$5,444$3,161$1,755$942$493$176
47 years$5,268$3,017$1,649$870$448$156
48 years$5,099$2,880$1,549$804$407$138
49 years$4,938$2,750$1,456$743$370$122
50 years$4,784$2,627$1,369$687$336$107

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 $2,727 every year, while hoping to spend $26,580 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: 73/22/5 Blend
64$4,900,000$4,900,000$4,900,000$4,900,000
65$5,402,613$5,142,913$5,066,963$5,794,658
66$5,925,399$5,366,635$5,208,425$6,276,861
67$6,500,617$5,600,428$5,353,736$6,801,143
68$7,133,590$5,844,758$5,502,995$7,374,524
69$7,830,177$6,100,113$5,656,307$8,001,836
70$8,596,839$6,367,002$5,813,777$8,688,400
71$9,440,692$6,645,961$5,975,514$9,440,069
72$10,369,578$6,937,548$6,141,629$10,263,287
73$11,392,136$7,242,349$6,312,235$11,165,146
74$12,517,889$7,560,980$6,487,450$12,153,453
75$13,757,327$7,894,081$6,667,393$13,236,803
76$15,122,010$8,242,327$6,852,186$14,424,655
77$16,624,676$8,606,422$7,041,955$15,727,428
78$18,279,361$8,987,104$7,236,829$17,156,588
79$20,101,531$9,385,147$7,436,938$18,724,765
80$22,108,230$9,801,362$7,642,417$20,445,861
81$24,318,236$10,236,595$7,853,405$22,335,188
82$26,752,245$10,691,737$8,070,043$24,409,607
83$29,433,059$11,167,717$8,292,474$26,687,682
84$32,385,806$11,665,511$8,520,848$29,189,863
85$35,638,178$12,186,140$8,755,315$31,938,668
86$39,220,685$12,730,674$8,996,031$34,958,898
87$43,166,951$13,300,234$9,243,155$38,277,868
88$47,514,028$13,895,993$9,496,848$41,925,665
89$52,302,744$14,519,182$9,757,278$45,935,426
90$57,578,092$15,171,089$10,024,614$50,343,652
91$63,389,649$15,853,065$10,299,031$55,190,547
92$69,792,051$16,566,523$10,580,706$60,520,399
93$76,845,503$17,312,945$10,869,823$66,381,991
94$84,616,348$18,093,883$11,166,566$72,829,064
95$93,177,697$18,910,965$11,471,127$79,920,815
96$102,610,114$19,765,894$11,783,702$87,722,460
97$113,002,378$20,660,455$12,104,488$96,305,841
98$124,452,323$21,596,520$12,433,691$105,750,103
99$137,067,760$22,576,049$12,771,519$116,142,439
100$150,967,492$23,601,096$13,118,186$127,578,907