Can I retire at age 67 with 4,700,000?

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 $4,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$388,122$384,664$381,291$377,999$374,785$365,132
2 years$192,139$188,561$185,093$181,730$178,469$168,808
3 years$126,821$123,227$119,767$116,436$113,228$103,861
4 years$94,168$90,585$87,160$83,886$80,755$71,755
5 years$74,581$71,019$67,640$64,432$61,389$52,780
6 years$61,527$57,993$54,663$51,527$48,575$40,365
7 years$52,207$48,702$45,425$42,363$39,504$31,695
8 years$45,220$41,747$38,524$35,538$32,773$25,360
9 years$39,788$36,348$33,181$30,270$27,599$20,577
10 years$35,446$32,039$28,928$26,093$23,516$16,875
11 years$31,895$28,522$25,468$22,709$20,225$13,955
12 years$28,938$25,600$22,602$19,919$17,526$11,618
13 years$26,438$23,135$20,193$17,585$15,283$9,723
14 years$24,297$21,029$18,144$15,610$13,397$8,174
15 years$22,443$19,211$16,381$13,922$11,796$6,895
16 years$20,823$17,625$14,852$12,465$10,425$5,834
17 years$19,394$16,232$13,515$11,200$9,244$4,948
18 years$18,126$14,999$12,337$10,093$8,219$4,206
19 years$16,993$13,901$11,294$9,120$7,326$3,581
20 years$15,974$12,918$10,365$8,260$6,544$3,053
21 years$15,053$12,032$9,534$7,497$5,856$2,607
22 years$14,217$11,232$8,787$6,816$5,249$2,228
23 years$13,455$10,505$8,113$6,208$4,712$1,905
24 years$12,758$9,842$7,503$5,662$4,235$1,631
25 years$12,117$9,237$6,950$5,171$3,811$1,397
26 years$11,527$8,681$6,445$4,728$3,433$1,197
27 years$10,981$8,170$5,985$4,327$3,095$1,027
28 years$10,475$7,698$5,564$3,965$2,793$881
29 years$10,005$7,262$5,178$3,636$2,522$756
30 years$9,567$6,859$4,823$3,337$2,278$649
31 years$9,158$6,484$4,496$3,065$2,060$557
32 years$8,776$6,135$4,195$2,816$1,863$478
33 years$8,417$5,810$3,917$2,590$1,686$411
34 years$8,080$5,506$3,660$2,383$1,527$353
35 years$7,763$5,223$3,422$2,194$1,383$303
36 years$7,465$4,957$3,201$2,020$1,253$260
37 years$7,183$4,708$2,996$1,861$1,136$224
38 years$6,917$4,474$2,806$1,716$1,030$192
39 years$6,664$4,255$2,629$1,582$934$165
40 years$6,426$4,048$2,464$1,459$847$142
41 years$6,199$3,853$2,310$1,346$768$122
42 years$5,984$3,670$2,167$1,242$697$105
43 years$5,779$3,497$2,033$1,147$633$90
44 years$5,584$3,333$1,909$1,059$574$78
45 years$5,399$3,178$1,792$978$521$67
46 years$5,222$3,032$1,683$903$473$57
47 years$5,053$2,893$1,581$835$430$49
48 years$4,891$2,762$1,486$771$390$42
49 years$4,737$2,638$1,397$713$355$36
50 years$4,589$2,520$1,313$659$322$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $4,700,000, adding $6,880 every year, while hoping to spend $23,772 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: 32/43/25 Blend
66$4,700,000$4,700,000$4,700,000$4,700,000
67$5,186,497$4,937,397$4,864,547$5,312,514
68$5,690,226$5,154,036$5,002,216$5,625,450
69$6,244,539$5,380,494$5,143,700$5,959,677
70$6,854,570$5,617,226$5,289,102$6,319,201
71$7,525,977$5,864,711$5,438,528$6,706,259
72$8,264,993$6,123,448$5,592,084$7,123,303
73$9,078,486$6,393,961$5,749,883$7,573,021
74$9,974,026$6,676,798$5,912,038$8,058,358
75$10,959,950$6,972,536$6,078,665$8,582,545
76$12,045,449$7,281,774$6,249,885$9,149,123
77$13,240,648$7,605,144$6,425,819$9,761,981
78$14,556,704$7,943,306$6,606,594$10,425,383
79$16,005,911$8,296,951$6,792,338$11,144,009
80$17,601,816$8,666,804$6,983,184$11,922,998
81$19,359,348$9,053,624$7,179,267$12,767,992
82$21,294,956$9,458,206$7,380,727$13,685,186
83$23,426,766$9,881,382$7,587,705$14,681,384
84$25,774,752$10,324,026$7,800,349$15,764,061
85$28,360,924$10,787,050$8,018,808$16,941,431
86$31,209,535$11,271,413$8,243,235$18,222,517
87$34,347,312$11,778,117$8,473,788$19,617,237
88$37,803,707$12,308,213$8,710,629$21,136,493
89$41,611,172$12,862,802$8,953,922$22,792,269
90$45,805,470$13,443,038$9,203,837$24,597,741
91$50,426,011$14,050,130$9,460,548$26,567,394
92$55,516,220$14,685,343$9,724,233$28,717,162
93$61,123,954$15,350,004$9,995,074$31,064,565
94$67,301,947$16,045,504$10,273,259$33,628,874
95$74,108,311$16,773,298$10,558,978$36,431,290
96$81,607,082$17,534,914$10,852,428$39,495,134
97$89,868,830$18,331,951$11,153,810$42,846,063
98$98,971,318$19,166,083$11,463,329$46,512,310
99$109,000,239$20,039,068$11,781,198$50,524,941
100$120,050,027$20,952,746$12,107,631$54,918,142