Can I retire at age 67 with 4,900,000?

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 $4,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$404,637$401,033$397,517$394,084$390,733$382,687
2 years$200,316$196,585$192,969$189,464$186,063$177,994
3 years$132,217$128,470$124,864$121,391$118,046$110,205
4 years$98,175$94,439$90,869$87,456$84,192$76,639
5 years$77,754$74,042$70,518$67,174$64,001$56,758
6 years$64,145$60,461$56,989$53,720$50,642$43,717
7 years$54,429$50,775$47,358$44,166$41,185$34,580
8 years$47,144$43,523$40,163$37,050$34,167$27,879
9 years$41,482$37,895$34,593$31,558$28,774$22,798
10 years$36,954$33,402$30,159$27,203$24,517$18,848
11 years$33,252$29,736$26,551$23,675$21,085$15,717
12 years$30,170$26,690$23,564$20,766$18,272$13,195
13 years$27,563$24,120$21,053$18,334$15,934$11,140
14 years$25,331$21,924$18,916$16,274$13,967$9,448
15 years$23,398$20,028$17,078$14,514$12,298$8,043
16 years$21,709$18,375$15,484$12,996$10,869$6,868
17 years$20,220$16,923$14,090$11,676$9,637$5,881
18 years$18,897$15,638$12,862$10,523$8,569$5,046
19 years$17,716$14,493$11,775$9,508$7,638$4,338
20 years$16,654$13,467$10,806$8,612$6,822$3,736
21 years$15,694$12,544$9,940$7,816$6,105$3,221
22 years$14,822$11,710$9,161$7,106$5,472$2,781
23 years$14,028$10,952$8,459$6,472$4,912$2,403
24 years$13,301$10,261$7,823$5,903$4,415$2,078
25 years$12,633$9,630$7,245$5,391$3,973$1,798
26 years$12,017$9,050$6,720$4,929$3,579$1,557
27 years$11,448$8,517$6,240$4,512$3,227$1,350
28 years$10,921$8,026$5,801$4,134$2,911$1,170
29 years$10,431$7,571$5,398$3,791$2,629$1,015
30 years$9,974$7,150$5,028$3,479$2,375$880
31 years$9,548$6,760$4,688$3,195$2,148$764
32 years$9,149$6,396$4,374$2,936$1,943$663
33 years$8,775$6,057$4,084$2,700$1,758$576
34 years$8,424$5,741$3,816$2,484$1,592$500
35 years$8,094$5,445$3,567$2,287$1,442$434
36 years$7,782$5,168$3,337$2,106$1,306$377
37 years$7,489$4,908$3,123$1,941$1,184$328
38 years$7,211$4,665$2,925$1,789$1,073$285
39 years$6,948$4,436$2,740$1,649$973$248
40 years$6,699$4,220$2,569$1,521$883$215
41 years$6,463$4,017$2,408$1,404$801$187
42 years$6,238$3,826$2,259$1,295$727$163
43 years$6,025$3,645$2,120$1,196$660$141
44 years$5,822$3,475$1,990$1,104$599$123
45 years$5,628$3,314$1,869$1,020$544$107
46 years$5,444$3,161$1,755$942$493$93
47 years$5,268$3,017$1,649$870$448$81
48 years$5,099$2,880$1,549$804$407$70
49 years$4,938$2,750$1,456$743$370$61
50 years$4,784$2,627$1,369$687$336$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $4,900,000, adding $2,323 every year, while hoping to spend $22,896 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: 61/22/17 Blend
66$4,900,000$4,900,000$4,900,000$4,900,000
67$5,402,196$5,142,496$5,066,546$5,708,228
68$5,928,859$5,370,117$5,211,914$6,142,438
69$6,508,474$5,608,125$5,361,385$6,613,315
70$7,146,418$5,857,003$5,515,071$7,126,655
71$7,848,616$6,117,259$5,673,090$7,686,576
72$8,621,597$6,389,426$5,835,559$8,297,610
73$9,472,552$6,674,060$6,002,603$8,964,744
74$10,409,409$6,971,746$6,174,347$9,693,463
75$11,440,900$7,283,093$6,350,919$10,489,801
76$12,576,651$7,608,744$6,532,454$11,360,398
77$13,827,264$7,949,367$6,719,086$12,312,563
78$15,204,426$8,305,667$6,910,956$13,354,336
79$16,721,012$8,678,379$7,108,207$14,494,568
80$18,391,210$9,068,274$7,310,987$15,743,001
81$20,230,655$9,476,161$7,519,447$17,110,358
82$22,256,575$9,902,886$7,733,742$18,608,442
83$24,487,954$10,349,336$7,954,030$20,250,248
84$26,945,712$10,816,440$8,180,477$22,050,082
85$29,652,900$11,305,172$8,413,249$24,023,694
86$32,634,922$11,816,551$8,652,519$26,188,426
87$35,919,769$12,351,647$8,898,463$28,563,372
88$39,538,287$12,911,580$9,151,263$31,169,558
89$43,524,468$13,497,522$9,411,105$34,030,137
90$47,915,766$14,110,703$9,678,180$37,170,605
91$52,753,459$14,752,412$9,952,684$40,619,041
92$58,083,030$15,423,999$10,234,818$44,406,367
93$63,954,603$16,126,878$10,524,787$48,566,639
94$70,423,409$16,862,533$10,822,805$53,137,366
95$77,550,315$17,632,515$11,129,087$58,159,859
96$85,402,393$18,438,454$11,443,857$63,679,620
97$94,053,553$19,282,054$11,767,343$69,746,768
98$103,585,246$20,165,105$12,099,779$76,416,509
99$114,087,226$21,089,480$12,441,406$83,749,652
100$125,658,401$22,057,142$12,792,471$91,813,183