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

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 $4,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$396,380$392,849$389,404$386,042$382,759$379,235
2 years$196,227$192,573$189,031$185,597$182,266$178,716
3 years$129,519$125,849$122,316$118,914$115,637$112,170
4 years$96,171$92,512$89,014$85,671$82,473$79,117
5 years$76,168$72,531$69,079$65,803$62,695$59,459
6 years$62,836$59,227$55,826$52,623$49,608$46,496
7 years$53,318$49,738$46,392$43,265$40,345$37,358
8 years$46,182$42,635$39,344$36,294$33,470$30,609
9 years$40,635$37,121$33,887$30,914$28,187$25,450
10 years$36,200$32,721$29,543$26,648$24,016$21,402
11 years$32,574$29,129$26,009$23,192$20,655$18,162
12 years$29,554$26,145$23,083$20,342$17,899$15,524
13 years$27,001$23,627$20,623$17,959$15,608$13,349
14 years$24,814$21,477$18,530$15,942$13,682$11,536
15 years$22,921$19,619$16,730$14,218$12,047$10,010
16 years$21,266$18,000$15,168$12,730$10,647$8,717
17 years$19,807$16,578$13,802$11,438$9,440$7,613
18 years$18,512$15,318$12,600$10,308$8,394$6,666
19 years$17,354$14,197$11,534$9,314$7,482$5,849
20 years$16,314$13,193$10,586$8,436$6,683$5,143
21 years$15,373$12,288$9,737$7,656$5,980$4,529
22 years$14,520$11,471$8,974$6,961$5,361$3,994
23 years$13,742$10,728$8,286$6,340$4,812$3,526
24 years$13,029$10,052$7,663$5,782$4,325$3,117
25 years$12,375$9,433$7,098$5,281$3,892$2,758
26 years$11,772$8,866$6,583$4,828$3,506$2,442
27 years$11,215$8,344$6,113$4,419$3,161$2,164
28 years$10,698$7,862$5,682$4,049$2,852$1,919
29 years$10,218$7,417$5,288$3,713$2,575$1,703
30 years$9,771$7,005$4,926$3,408$2,327$1,512
31 years$9,353$6,622$4,592$3,130$2,104$1,342
32 years$8,962$6,265$4,284$2,876$1,903$1,193
33 years$8,596$5,933$4,000$2,645$1,722$1,060
34 years$8,252$5,624$3,738$2,434$1,559$942
35 years$7,928$5,334$3,494$2,240$1,412$838
36 years$7,624$5,063$3,269$2,063$1,280$746
37 years$7,336$4,808$3,060$1,901$1,160$663
38 years$7,064$4,570$2,865$1,752$1,051$590
39 years$6,806$4,345$2,684$1,616$953$525
40 years$6,562$4,134$2,516$1,490$865$468
41 years$6,331$3,935$2,359$1,375$785$416
42 years$6,111$3,748$2,213$1,269$712$371
43 years$5,902$3,571$2,077$1,171$646$330
44 years$5,703$3,404$1,949$1,082$586$294
45 years$5,513$3,246$1,830$999$532$262
46 years$5,333$3,096$1,719$923$483$233
47 years$5,160$2,955$1,615$852$439$208
48 years$4,995$2,821$1,518$788$399$185
49 years$4,837$2,694$1,427$728$362$165
50 years$4,686$2,573$1,341$673$329$147

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 $2,357 every year, while hoping to spend $27,351 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: 61/14/25 Blend
66$4,800,000$4,800,000$4,800,000$4,800,000
67$5,292,031$5,037,631$4,963,231$5,579,422
68$5,802,717$5,255,374$5,100,398$5,992,576
69$6,364,576$5,482,869$5,241,244$6,440,141
70$6,982,800$5,720,566$5,385,862$6,928,070
71$7,663,106$5,968,935$5,534,349$7,460,303
72$8,411,798$6,228,468$5,686,805$8,041,172
73$9,235,819$6,499,680$5,843,330$8,675,448
74$10,142,819$6,783,112$6,004,029$9,368,380
75$11,141,230$7,079,327$6,169,006$10,125,745
76$12,240,339$7,388,917$6,338,372$10,953,903
77$13,450,382$7,712,503$6,512,236$11,859,853
78$14,782,638$8,050,733$6,690,713$12,851,302
79$16,249,534$8,404,286$6,873,919$13,936,735
80$17,864,765$8,773,874$7,061,973$15,125,491
81$19,643,418$9,160,241$7,254,997$16,427,855
82$21,602,123$9,564,169$7,453,115$17,855,151
83$23,759,200$9,986,474$7,656,455$19,419,849
84$26,134,839$10,428,012$7,865,147$21,135,679
85$28,751,288$10,889,680$8,079,325$23,017,764
86$31,633,061$11,372,416$8,299,124$25,082,755
87$34,807,174$11,877,205$8,524,685$27,348,993
88$38,303,393$12,405,075$8,756,150$29,836,678
89$42,154,523$12,957,107$8,993,664$32,568,055
90$46,396,709$13,534,430$9,237,376$35,567,629
91$51,069,784$14,138,228$9,487,440$38,862,388
92$56,217,643$14,769,742$9,744,010$42,482,062
93$61,888,653$15,430,270$10,007,245$46,459,396
94$68,136,116$16,121,174$10,277,308$50,830,464
95$75,018,767$16,843,879$10,554,365$55,634,999
96$82,601,331$17,599,878$10,838,586$60,916,776
97$90,955,132$18,390,737$11,130,143$66,724,014
98$100,158,767$19,218,095$11,429,214$73,109,834
99$110,298,848$20,083,669$11,735,980$80,132,758
100$121,470,820$20,989,258$12,050,625$87,857,258