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%12.1%
1 years$330,316$327,374$324,503$321,702$318,966$316,161
2 years$163,523$160,477$157,526$154,664$151,888$149,062
3 years$107,932$104,874$101,930$99,095$96,364$93,604
4 years$80,143$77,093$74,179$71,392$68,728$66,055
5 years$63,473$60,442$57,566$54,836$52,246$49,668
6 years$52,364$49,356$46,522$43,853$41,340$38,861
7 years$44,431$41,449$38,660$36,054$33,621$31,241
8 years$38,485$35,529$32,787$30,245$27,892$25,611
9 years$33,863$30,935$28,239$25,762$23,489$21,307
10 years$30,167$27,267$24,619$22,207$20,014$17,929
11 years$27,145$24,274$21,675$19,327$17,212$15,224
12 years$24,628$21,787$19,236$16,952$14,916$13,021
13 years$22,501$19,689$17,186$14,966$13,007$11,204
14 years$20,678$17,897$15,441$13,285$11,402$9,688
15 years$19,101$16,349$13,942$11,848$10,039$8,413
16 years$17,722$15,000$12,640$10,609$8,873$7,331
17 years$16,506$13,815$11,502$9,532$7,867$6,407
18 years$15,426$12,765$10,500$8,590$6,995$5,614
19 years$14,462$11,831$9,612$7,762$6,235$4,930
20 years$13,595$10,994$8,821$7,030$5,569$4,337
21 years$12,811$10,240$8,114$6,380$4,984$3,822
22 years$12,100$9,559$7,478$5,801$4,467$3,373
23 years$11,451$8,940$6,905$5,283$4,010$2,981
24 years$10,858$8,376$6,386$4,818$3,604$2,637
25 years$10,313$7,861$5,915$4,400$3,243$2,335
26 years$9,810$7,388$5,486$4,024$2,921$2,069
27 years$9,346$6,953$5,094$3,683$2,634$1,835
28 years$8,915$6,552$4,735$3,374$2,377$1,629
29 years$8,515$6,181$4,407$3,094$2,146$1,446
30 years$8,142$5,837$4,105$2,840$1,939$1,285
31 years$7,794$5,518$3,827$2,608$1,753$1,142
32 years$7,469$5,221$3,570$2,397$1,586$1,016
33 years$7,163$4,945$3,334$2,204$1,435$903
34 years$6,877$4,686$3,115$2,028$1,299$804
35 years$6,607$4,445$2,912$1,867$1,177$715
36 years$6,353$4,219$2,724$1,719$1,066$637
37 years$6,113$4,007$2,550$1,584$966$567
38 years$5,886$3,808$2,388$1,460$876$505
39 years$5,672$3,621$2,237$1,346$795$450
40 years$5,469$3,445$2,097$1,242$721$401
41 years$5,276$3,279$1,966$1,146$654$357
42 years$5,093$3,123$1,844$1,057$593$318
43 years$4,918$2,976$1,731$976$538$284
44 years$4,753$2,837$1,624$901$489$253
45 years$4,595$2,705$1,525$832$444$225
46 years$4,444$2,580$1,433$769$403$201
47 years$4,300$2,462$1,346$710$366$179
48 years$4,163$2,351$1,265$656$332$160
49 years$4,031$2,245$1,189$607$302$142
50 years$3,905$2,144$1,118$561$274$127

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 $5,059 every year, while hoping to spend $56,838 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: 73/17/10 Blend
66$4,000,000$4,000,000$4,000,000$4,000,000
67$4,413,218$4,201,218$4,139,218$4,726,800
68$4,802,891$4,346,603$4,217,407$5,079,942
69$5,230,406$4,497,206$4,296,310$5,459,036
70$5,699,563$4,653,224$4,375,891$5,872,671
71$6,214,546$4,814,860$4,456,112$6,324,244
72$6,779,967$4,982,326$4,536,929$6,817,499
73$7,400,904$5,155,840$4,618,296$7,356,556
74$8,082,953$5,335,633$4,700,165$7,945,952
75$8,832,275$5,521,940$4,782,483$8,590,682
76$9,655,662$5,715,010$4,865,191$9,296,245
77$10,560,593$5,915,099$4,948,228$10,068,700
78$11,555,309$6,122,474$5,031,528$10,914,716
79$12,648,887$6,337,412$5,115,022$11,841,640
80$13,851,332$6,560,203$5,198,633$12,857,560
81$15,173,662$6,791,147$5,282,281$13,971,389
82$16,628,018$7,030,557$5,365,881$15,192,940
83$18,227,778$7,278,756$5,449,340$16,533,024
84$19,987,681$7,536,084$5,532,562$18,003,546
85$21,923,964$7,802,893$5,615,443$19,617,624
86$24,054,521$8,079,547$5,697,873$21,389,705
87$26,399,066$8,366,428$5,779,735$23,335,704
88$28,979,320$8,663,932$5,860,905$25,473,154
89$31,819,218$8,972,472$5,941,253$27,821,369
90$34,945,131$9,292,477$6,020,638$30,401,627
91$38,386,119$9,624,393$6,098,914$33,237,369
92$42,174,200$9,968,685$6,175,925$36,354,420
93$46,344,656$10,325,837$6,251,505$39,781,233
94$50,936,361$10,696,354$6,325,481$43,549,152
95$55,992,154$11,080,759$6,397,669$47,692,714
96$61,559,236$11,479,599$6,467,873$52,249,969
97$67,689,621$11,893,443$6,535,890$57,262,840
98$74,440,623$12,322,882$6,601,503$62,777,517
99$81,875,397$12,768,533$6,664,484$68,844,893
100$90,063,535$13,231,039$6,724,592$75,521,043