Can I retire at age 67 with 4,800,000?

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 $4,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$396,380$392,849$389,404$386,042$382,759$368,885
2 years$196,227$192,573$189,031$185,597$182,266$168,441
3 years$129,519$125,849$122,316$118,914$115,637$102,295
4 years$96,171$92,512$89,014$85,671$82,473$69,716
5 years$76,168$72,531$69,079$65,803$62,695$50,556
6 years$62,836$59,227$55,826$52,623$49,608$38,096
7 years$53,318$49,738$46,392$43,265$40,345$29,457
8 years$46,182$42,635$39,344$36,294$33,470$23,197
9 years$40,635$37,121$33,887$30,914$28,187$18,515
10 years$36,200$32,721$29,543$26,648$24,016$14,929
11 years$32,574$29,129$26,009$23,192$20,655$12,133
12 years$29,554$26,145$23,083$20,342$17,899$9,922
13 years$27,001$23,627$20,623$17,959$15,608$8,153
14 years$24,814$21,477$18,530$15,942$13,682$6,726
15 years$22,921$19,619$16,730$14,218$12,047$5,567
16 years$21,266$18,000$15,168$12,730$10,647$4,620
17 years$19,807$16,578$13,802$11,438$9,440$3,842
18 years$18,512$15,318$12,600$10,308$8,394$3,200
19 years$17,354$14,197$11,534$9,314$7,482$2,670
20 years$16,314$13,193$10,586$8,436$6,683$2,230
21 years$15,373$12,288$9,737$7,656$5,980$1,864
22 years$14,520$11,471$8,974$6,961$5,361$1,560
23 years$13,742$10,728$8,286$6,340$4,812$1,306
24 years$13,029$10,052$7,663$5,782$4,325$1,095
25 years$12,375$9,433$7,098$5,281$3,892$918
26 years$11,772$8,866$6,583$4,828$3,506$769
27 years$11,215$8,344$6,113$4,419$3,161$645
28 years$10,698$7,862$5,682$4,049$2,852$542
29 years$10,218$7,417$5,288$3,713$2,575$455
30 years$9,771$7,005$4,926$3,408$2,327$382
31 years$9,353$6,622$4,592$3,130$2,104$320
32 years$8,962$6,265$4,284$2,876$1,903$269
33 years$8,596$5,933$4,000$2,645$1,722$226
34 years$8,252$5,624$3,738$2,434$1,559$190
35 years$7,928$5,334$3,494$2,240$1,412$159
36 years$7,624$5,063$3,269$2,063$1,280$134
37 years$7,336$4,808$3,060$1,901$1,160$112
38 years$7,064$4,570$2,865$1,752$1,051$95
39 years$6,806$4,345$2,684$1,616$953$79
40 years$6,562$4,134$2,516$1,490$865$67
41 years$6,331$3,935$2,359$1,375$785$56
42 years$6,111$3,748$2,213$1,269$712$47
43 years$5,902$3,571$2,077$1,171$646$40
44 years$5,703$3,404$1,949$1,082$586$33
45 years$5,513$3,246$1,830$999$532$28
46 years$5,333$3,096$1,719$923$483$23
47 years$5,160$2,955$1,615$852$439$20
48 years$4,995$2,821$1,518$788$399$17
49 years$4,837$2,694$1,427$728$362$14
50 years$4,686$2,573$1,341$673$329$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $4,800,000, adding $2,044 every year, while hoping to spend $54,008 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: 78/16/6 Blend
66$4,800,000$4,800,000$4,800,000$4,800,000
67$5,291,708$5,037,308$4,962,908$5,701,564
68$5,773,999$5,226,672$5,071,702$6,159,977
69$6,303,672$5,423,505$5,182,330$6,655,322
70$6,885,505$5,628,116$5,294,796$7,196,925
71$7,524,760$5,840,826$5,409,105$7,789,364
72$8,227,231$6,061,972$5,525,256$8,437,678
73$8,999,306$6,291,906$5,643,249$9,147,414
74$9,848,018$6,530,992$5,763,081$9,924,681
75$10,781,119$6,779,614$5,884,747$10,776,205
76$11,807,147$7,038,169$6,008,239$11,709,393
77$12,935,509$7,307,073$6,133,549$12,732,399
78$14,176,572$7,586,761$6,260,664$13,854,206
79$15,541,755$7,877,685$6,389,569$15,084,706
80$17,043,641$8,180,318$6,520,246$16,434,792
81$18,696,093$8,495,154$6,652,675$17,916,462
82$20,514,386$8,822,708$6,786,831$19,542,931
83$22,515,350$9,163,517$6,922,687$21,328,756
84$24,717,531$9,518,144$7,060,212$23,289,969
85$27,141,360$9,887,175$7,199,370$25,444,229
86$29,809,354$10,271,221$7,340,124$27,810,990
87$32,746,319$10,670,923$7,482,430$30,411,681
88$35,979,592$11,086,946$7,626,239$33,269,908
89$39,539,293$11,519,989$7,771,501$36,411,675
90$43,458,612$11,970,779$7,918,157$39,865,630
91$47,774,120$12,440,077$8,066,144$43,663,331
92$52,526,115$12,928,676$8,215,396$47,839,549
93$57,759,004$13,437,406$8,365,837$52,432,585
94$63,521,717$13,967,134$8,517,387$57,484,642
95$69,868,173$14,518,764$8,669,960$63,042,210
96$76,857,785$15,093,242$8,823,462$69,156,514
97$84,556,024$15,691,555$8,977,793$75,883,989
98$93,035,033$16,314,737$9,132,844$83,286,814
99$102,374,312$16,963,865$9,288,500$91,433,497
100$112,661,464$17,640,065$9,444,636$100,399,519