Can I retire at age 67 with 4,000,000?

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 $4,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$330,316$327,374$324,503$321,702$318,966$311,381
2 years$163,523$160,477$157,526$154,664$151,888$144,292
3 years$107,932$104,874$101,930$99,095$96,364$88,992
4 years$80,143$77,093$74,179$71,392$68,728$61,638
5 years$63,473$60,442$57,566$54,836$52,246$45,457
6 years$52,364$49,356$46,522$43,853$41,340$34,860
7 years$44,431$41,449$38,660$36,054$33,621$27,450
8 years$38,485$35,529$32,787$30,245$27,892$22,028
9 years$33,863$30,935$28,239$25,762$23,489$17,927
10 years$30,167$27,267$24,619$22,207$20,014$14,748
11 years$27,145$24,274$21,675$19,327$17,212$12,235
12 years$24,628$21,787$19,236$16,952$14,916$10,219
13 years$22,501$19,689$17,186$14,966$13,007$8,582
14 years$20,678$17,897$15,441$13,285$11,402$7,238
15 years$19,101$16,349$13,942$11,848$10,039$6,128
16 years$17,722$15,000$12,640$10,609$8,873$5,203
17 years$16,506$13,815$11,502$9,532$7,867$4,429
18 years$15,426$12,765$10,500$8,590$6,995$3,779
19 years$14,462$11,831$9,612$7,762$6,235$3,229
20 years$13,595$10,994$8,821$7,030$5,569$2,764
21 years$12,811$10,240$8,114$6,380$4,984$2,369
22 years$12,100$9,559$7,478$5,801$4,467$2,032
23 years$11,451$8,940$6,905$5,283$4,010$1,745
24 years$10,858$8,376$6,386$4,818$3,604$1,500
25 years$10,313$7,861$5,915$4,400$3,243$1,290
26 years$9,810$7,388$5,486$4,024$2,921$1,110
27 years$9,346$6,953$5,094$3,683$2,634$955
28 years$8,915$6,552$4,735$3,374$2,377$823
29 years$8,515$6,181$4,407$3,094$2,146$709
30 years$8,142$5,837$4,105$2,840$1,939$611
31 years$7,794$5,518$3,827$2,608$1,753$527
32 years$7,469$5,221$3,570$2,397$1,586$454
33 years$7,163$4,945$3,334$2,204$1,435$392
34 years$6,877$4,686$3,115$2,028$1,299$338
35 years$6,607$4,445$2,912$1,867$1,177$292
36 years$6,353$4,219$2,724$1,719$1,066$252
37 years$6,113$4,007$2,550$1,584$966$217
38 years$5,886$3,808$2,388$1,460$876$187
39 years$5,672$3,621$2,237$1,346$795$162
40 years$5,469$3,445$2,097$1,242$721$140
41 years$5,276$3,279$1,966$1,146$654$120
42 years$5,093$3,123$1,844$1,057$593$104
43 years$4,918$2,976$1,731$976$538$90
44 years$4,753$2,837$1,624$901$489$78
45 years$4,595$2,705$1,525$832$444$67
46 years$4,444$2,580$1,433$769$403$58
47 years$4,300$2,462$1,346$710$366$50
48 years$4,163$2,351$1,265$656$332$43
49 years$4,031$2,245$1,189$607$302$37
50 years$3,905$2,144$1,118$561$274$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $4,000,000, adding $3,509 every year, while hoping to spend $36,878 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: 35/45/20 Blend
66$4,000,000$4,000,000$4,000,000$4,000,000
67$4,411,620$4,199,620$4,137,620$4,539,005
68$4,822,367$4,366,163$4,236,992$4,799,349
69$5,273,774$4,539,631$4,338,457$5,076,395
70$5,769,950$4,720,324$4,442,047$5,374,561
71$6,315,422$4,908,556$4,547,791$5,695,746
72$6,915,174$5,104,655$4,655,722$6,042,036
73$7,574,702$5,308,963$4,765,869$6,415,717
74$8,300,059$5,521,840$4,878,263$6,819,300
75$9,097,913$5,743,658$4,992,933$7,255,540
76$9,975,613$5,974,810$5,109,908$7,727,462
77$10,941,254$6,215,704$5,229,219$8,238,387
78$12,003,756$6,466,768$5,350,892$8,791,964
79$13,172,948$6,728,449$5,474,956$9,392,201
80$14,459,660$7,001,213$5,601,438$10,043,500
81$15,875,822$7,285,550$5,730,363$10,750,699
82$17,434,584$7,581,970$5,861,758$11,519,117
83$19,150,431$7,891,006$5,995,646$12,354,597
84$21,039,326$8,213,216$6,132,052$13,263,566
85$23,118,859$8,549,185$6,270,997$14,253,086
86$25,408,409$8,899,522$6,412,503$15,330,927
87$27,929,334$9,264,866$6,556,588$16,505,630
88$30,705,165$9,645,884$6,703,273$17,786,591
89$33,761,833$10,043,273$6,852,574$19,184,143
90$37,127,910$10,457,763$7,004,505$20,709,656
91$40,834,882$10,890,118$7,159,081$22,375,637
92$44,917,442$11,341,136$7,316,312$24,195,846
93$49,413,822$11,811,653$7,476,209$26,185,425
94$54,366,148$12,302,541$7,638,779$28,361,037
95$59,820,844$12,814,713$7,804,027$30,741,020
96$65,829,063$13,349,127$7,971,955$33,345,555
97$72,447,175$13,906,782$8,142,563$36,196,856
98$79,737,296$14,488,724$8,315,848$39,319,375
99$87,767,875$15,096,046$8,491,804$42,740,028
100$96,614,341$15,729,895$8,670,422$46,488,447