Can I retire at age 67 with 4,600,000?

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 $4,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$379,864$376,480$373,179$369,957$366,810$360,141
2 years$188,051$184,549$181,155$177,864$174,672$167,976
3 years$124,122$120,605$117,219$113,959$110,819$104,306
4 years$92,164$88,657$85,306$82,101$79,037$72,757
5 years$72,994$69,508$66,201$63,062$60,083$54,053
6 years$60,218$56,759$53,500$50,431$47,541$41,769
7 years$51,096$47,666$44,459$41,462$38,664$33,151
8 years$44,258$40,859$37,704$34,781$32,075$26,820
9 years$38,942$35,575$32,475$29,626$27,012$22,011
10 years$34,692$31,357$28,312$25,538$23,016$18,265
11 years$31,216$27,916$24,926$22,226$19,794$15,288
12 years$28,322$25,056$22,121$19,495$17,153$12,885
13 years$25,876$22,643$19,764$17,211$14,958$10,922
14 years$23,780$20,582$17,758$15,278$13,112$9,301
15 years$21,966$18,802$16,033$13,625$11,545$7,950
16 years$20,380$17,250$14,536$12,200$10,203$6,818
17 years$18,982$15,887$13,227$10,962$9,047$5,863
18 years$17,740$14,680$12,075$9,879$8,044$5,053
19 years$16,631$13,605$11,054$8,926$7,170$4,363
20 years$15,634$12,643$10,145$8,084$6,404$3,774
21 years$14,733$11,776$9,331$7,337$5,731$3,269
22 years$13,915$10,993$8,600$6,671$5,137$2,835
23 years$13,169$10,281$7,941$6,075$4,611$2,461
24 years$12,487$9,633$7,344$5,541$4,145$2,139
25 years$11,860$9,040$6,802$5,061$3,730$1,860
26 years$11,282$8,496$6,308$4,627$3,360$1,618
27 years$10,748$7,996$5,858$4,235$3,029$1,409
28 years$10,252$7,534$5,446$3,880$2,733$1,228
29 years$9,792$7,108$5,068$3,558$2,468$1,070
30 years$9,364$6,713$4,720$3,266$2,230$933
31 years$8,963$6,346$4,401$2,999$2,016$814
32 years$8,589$6,004$4,106$2,756$1,824$710
33 years$8,238$5,686$3,834$2,535$1,650$619
34 years$7,908$5,389$3,582$2,332$1,494$541
35 years$7,598$5,112$3,349$2,147$1,353$472
36 years$7,306$4,852$3,133$1,977$1,226$412
37 years$7,030$4,608$2,932$1,822$1,111$360
38 years$6,769$4,379$2,746$1,679$1,008$314
39 years$6,523$4,164$2,573$1,548$914$274
40 years$6,289$3,962$2,411$1,428$829$240
41 years$6,067$3,771$2,261$1,318$752$209
42 years$5,856$3,592$2,121$1,216$682$183
43 years$5,656$3,422$1,990$1,122$619$160
44 years$5,465$3,262$1,868$1,036$562$140
45 years$5,284$3,111$1,754$957$510$122
46 years$5,110$2,967$1,648$884$463$107
47 years$4,945$2,832$1,548$817$421$93
48 years$4,787$2,703$1,455$755$382$81
49 years$4,636$2,582$1,367$698$347$71
50 years$4,491$2,466$1,285$645$315$62

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $4,600,000, adding $2,507 every year, while hoping to spend $44,431 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: 50/41/9 Blend
66$4,600,000$4,600,000$4,600,000$4,600,000
67$5,071,786$4,827,986$4,756,686$5,313,274
68$5,541,834$5,017,283$4,868,761$5,667,805
69$6,058,338$5,214,367$4,983,101$6,047,908
70$6,625,989$5,419,571$5,099,735$6,459,902
71$7,249,956$5,633,246$5,218,693$6,906,790
72$7,935,933$5,855,757$5,340,001$7,391,868
73$8,690,194$6,087,485$5,463,687$7,918,759
74$9,519,651$6,328,829$5,589,777$8,491,447
75$10,431,919$6,580,205$5,718,298$9,114,308
76$11,435,387$6,842,048$5,849,274$9,792,155
77$12,539,302$7,114,813$5,982,729$10,530,280
78$13,753,846$7,398,975$6,118,687$11,334,501
79$15,090,244$7,695,030$6,257,168$12,211,218
80$16,560,860$8,003,498$6,398,194$13,167,469
81$18,179,318$8,324,919$6,541,784$14,210,996
82$19,960,630$8,659,862$6,687,956$15,350,315
83$21,921,337$9,008,918$6,836,725$16,594,799
84$24,079,665$9,372,707$6,988,107$17,954,756
85$26,455,697$9,751,875$7,142,114$19,441,532
86$29,071,561$10,147,100$7,298,758$21,067,612
87$31,951,640$10,559,088$7,458,047$22,846,737
88$35,122,803$10,988,579$7,619,987$24,794,030
89$38,614,656$11,436,346$7,784,583$26,926,136
90$42,459,822$11,903,198$7,951,838$29,261,379
91$46,694,248$12,389,979$8,121,749$31,819,931
92$51,357,547$12,897,574$8,294,313$34,623,996
93$56,493,368$13,426,906$8,469,523$37,698,023
94$62,149,808$13,978,942$8,647,370$41,068,929
95$68,379,871$14,554,692$8,827,839$44,766,351
96$75,241,960$15,155,214$9,010,913$48,822,924
97$82,800,432$15,781,612$9,196,572$53,274,582
98$91,126,209$16,435,043$9,384,789$58,160,898
99$100,297,439$17,116,717$9,575,536$63,525,449
100$110,400,240$17,827,898$9,768,779$69,416,227