Can I retire at age 65 with 4,000,000?

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 $4,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$330,316$327,374$324,503$321,702$318,966$316,425
2 years$163,523$160,477$157,526$154,664$151,888$149,328
3 years$107,932$104,874$101,930$99,095$96,364$93,862
4 years$80,143$77,093$74,179$71,392$68,728$66,304
5 years$63,473$60,442$57,566$54,836$52,246$49,907
6 years$52,364$49,356$46,522$43,853$41,340$39,090
7 years$44,431$41,449$38,660$36,054$33,621$31,460
8 years$38,485$35,529$32,787$30,245$27,892$25,820
9 years$33,863$30,935$28,239$25,762$23,489$21,506
10 years$30,167$27,267$24,619$22,207$20,014$18,119
11 years$27,145$24,274$21,675$19,327$17,212$15,404
12 years$24,628$21,787$19,236$16,952$14,916$13,192
13 years$22,501$19,689$17,186$14,966$13,007$11,365
14 years$20,678$17,897$15,441$13,285$11,402$9,841
15 years$19,101$16,349$13,942$11,848$10,039$8,556
16 years$17,722$15,000$12,640$10,609$8,873$7,466
17 years$16,506$13,815$11,502$9,532$7,867$6,534
18 years$15,426$12,765$10,500$8,590$6,995$5,734
19 years$14,462$11,831$9,612$7,762$6,235$5,042
20 years$13,595$10,994$8,821$7,030$5,569$4,443
21 years$12,811$10,240$8,114$6,380$4,984$3,921
22 years$12,100$9,559$7,478$5,801$4,467$3,466
23 years$11,451$8,940$6,905$5,283$4,010$3,067
24 years$10,858$8,376$6,386$4,818$3,604$2,717
25 years$10,313$7,861$5,915$4,400$3,243$2,410
26 years$9,810$7,388$5,486$4,024$2,921$2,139
27 years$9,346$6,953$5,094$3,683$2,634$1,900
28 years$8,915$6,552$4,735$3,374$2,377$1,689
29 years$8,515$6,181$4,407$3,094$2,146$1,502
30 years$8,142$5,837$4,105$2,840$1,939$1,337
31 years$7,794$5,518$3,827$2,608$1,753$1,190
32 years$7,469$5,221$3,570$2,397$1,586$1,060
33 years$7,163$4,945$3,334$2,204$1,435$944
34 years$6,877$4,686$3,115$2,028$1,299$842
35 years$6,607$4,445$2,912$1,867$1,177$750
36 years$6,353$4,219$2,724$1,719$1,066$669
37 years$6,113$4,007$2,550$1,584$966$597
38 years$5,886$3,808$2,388$1,460$876$533
39 years$5,672$3,621$2,237$1,346$795$475
40 years$5,469$3,445$2,097$1,242$721$424
41 years$5,276$3,279$1,966$1,146$654$379
42 years$5,093$3,123$1,844$1,057$593$338
43 years$4,918$2,976$1,731$976$538$302
44 years$4,753$2,837$1,624$901$489$269
45 years$4,595$2,705$1,525$832$444$241
46 years$4,444$2,580$1,433$769$403$215
47 years$4,300$2,462$1,346$710$366$192
48 years$4,163$2,351$1,265$656$332$171
49 years$4,031$2,245$1,189$607$302$153
50 years$3,905$2,144$1,118$561$274$137

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $4,000,000, adding $6,634 every year, while hoping to spend $24,945 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: 72/9/19 Blend
64$4,000,000$4,000,000$4,000,000$4,000,000
65$4,414,843$4,202,843$4,140,843$4,712,244
66$4,838,616$4,382,241$4,253,020$5,090,258
67$5,304,777$4,569,593$4,368,119$5,500,489
68$5,817,625$4,765,264$4,486,211$5,949,138
69$6,381,893$4,969,632$4,607,370$6,440,012
70$7,002,799$5,183,098$4,731,670$6,977,302
71$7,686,092$5,406,076$4,859,187$7,565,625
72$8,438,103$5,639,004$4,990,001$8,210,061
73$9,265,813$5,882,339$5,124,189$8,916,207
74$10,176,911$6,136,558$5,261,834$9,690,225
75$11,179,869$6,402,162$5,403,018$10,538,902
76$12,284,023$6,679,676$5,547,827$11,469,711
77$13,499,661$6,969,648$5,696,347$12,490,883
78$14,838,119$7,272,653$5,848,667$13,611,484
79$16,311,886$7,589,292$6,004,876$14,841,500
80$17,934,726$7,920,194$6,165,067$16,191,928
81$19,721,804$8,266,021$6,329,334$17,674,882
82$21,689,834$8,627,462$6,497,772$19,303,707
83$23,857,230$9,005,240$6,670,480$21,093,101
84$26,244,283$9,400,113$6,847,557$23,059,256
85$28,873,355$9,812,873$7,029,105$25,220,008
86$31,769,085$10,244,351$7,215,228$27,595,007
87$34,958,625$10,695,418$7,406,031$30,205,898
88$38,471,894$11,166,983$7,601,623$33,076,530
89$42,341,863$11,660,001$7,802,113$36,233,172
90$46,604,863$12,175,470$8,007,613$39,704,768
91$51,300,928$12,714,438$8,218,238$43,523,206
92$56,474,177$13,277,999$8,434,103$47,723,615
93$62,173,224$13,867,303$8,655,327$52,344,702
94$68,451,643$14,483,551$8,882,030$57,429,110
95$75,368,468$15,128,002$9,114,336$63,023,823
96$82,988,755$15,801,977$9,352,368$69,180,607
97$91,384,190$16,506,856$9,596,255$75,956,499
98$100,633,774$17,244,088$9,846,126$83,414,340
99$110,824,559$18,015,189$10,102,112$91,623,373
100$122,052,478$18,821,747$10,364,346$100,659,890