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%17%
1 years$330,316$327,374$324,503$321,702$318,966$309,873
2 years$163,523$160,477$157,526$154,664$151,888$142,799
3 years$107,932$104,874$101,930$99,095$96,364$87,562
4 years$80,143$77,093$74,179$71,392$68,728$60,281
5 years$63,473$60,442$57,566$54,836$52,246$44,177
6 years$52,364$49,356$46,522$43,853$41,340$33,657
7 years$44,431$41,449$38,660$36,054$33,621$26,323
8 years$38,485$35,529$32,787$30,245$27,892$20,975
9 years$33,863$30,935$28,239$25,762$23,489$16,947
10 years$30,167$27,267$24,619$22,207$20,014$13,838
11 years$27,145$24,274$21,675$19,327$17,212$11,392
12 years$24,628$21,787$19,236$16,952$14,916$9,440
13 years$22,501$19,689$17,186$14,966$13,007$7,864
14 years$20,678$17,897$15,441$13,285$11,402$6,579
15 years$19,101$16,349$13,942$11,848$10,039$5,523
16 years$17,722$15,000$12,640$10,609$8,873$4,649
17 years$16,506$13,815$11,502$9,532$7,867$3,923
18 years$15,426$12,765$10,500$8,590$6,995$3,318
19 years$14,462$11,831$9,612$7,762$6,235$2,810
20 years$13,595$10,994$8,821$7,030$5,569$2,383
21 years$12,811$10,240$8,114$6,380$4,984$2,023
22 years$12,100$9,559$7,478$5,801$4,467$1,720
23 years$11,451$8,940$6,905$5,283$4,010$1,463
24 years$10,858$8,376$6,386$4,818$3,604$1,245
25 years$10,313$7,861$5,915$4,400$3,243$1,061
26 years$9,810$7,388$5,486$4,024$2,921$904
27 years$9,346$6,953$5,094$3,683$2,634$771
28 years$8,915$6,552$4,735$3,374$2,377$657
29 years$8,515$6,181$4,407$3,094$2,146$561
30 years$8,142$5,837$4,105$2,840$1,939$479
31 years$7,794$5,518$3,827$2,608$1,753$409
32 years$7,469$5,221$3,570$2,397$1,586$349
33 years$7,163$4,945$3,334$2,204$1,435$298
34 years$6,877$4,686$3,115$2,028$1,299$254
35 years$6,607$4,445$2,912$1,867$1,177$217
36 years$6,353$4,219$2,724$1,719$1,066$186
37 years$6,113$4,007$2,550$1,584$966$159
38 years$5,886$3,808$2,388$1,460$876$135
39 years$5,672$3,621$2,237$1,346$795$116
40 years$5,469$3,445$2,097$1,242$721$99
41 years$5,276$3,279$1,966$1,146$654$84
42 years$5,093$3,123$1,844$1,057$593$72
43 years$4,918$2,976$1,731$976$538$62
44 years$4,753$2,837$1,624$901$489$53
45 years$4,595$2,705$1,525$832$444$45
46 years$4,444$2,580$1,433$769$403$38
47 years$4,300$2,462$1,346$710$366$33
48 years$4,163$2,351$1,265$656$332$28
49 years$4,031$2,245$1,189$607$302$24
50 years$3,905$2,144$1,118$561$274$21

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 $6,507 every year, while hoping to spend $30,964 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: 40/30/30 Blend
64$4,000,000$4,000,000$4,000,000$4,000,000
65$4,414,712$4,202,712$4,140,712$4,551,986
66$4,832,067$4,375,699$4,246,480$4,825,789
67$5,290,955$4,556,125$4,354,754$5,118,485
68$5,795,578$4,744,322$4,465,585$5,434,581
69$6,350,570$4,940,636$4,579,024$5,776,246
70$6,961,031$5,145,430$4,695,124$6,145,857
71$7,632,584$5,359,084$4,813,939$6,546,031
72$8,371,424$5,581,996$4,935,523$6,979,638
73$9,184,376$5,814,580$5,059,929$7,449,835
74$10,078,959$6,057,271$5,187,214$7,960,092
75$11,063,460$6,310,525$5,317,432$8,514,220
76$12,147,008$6,574,815$5,450,641$9,116,412
77$13,339,662$6,850,641$5,586,898$9,771,275
78$14,652,508$7,138,523$5,726,259$10,483,879
79$16,097,759$7,439,005$5,868,783$11,259,795
80$17,688,871$7,752,658$6,014,529$12,105,154
81$19,440,675$8,080,077$6,163,555$13,026,699
82$21,369,511$8,421,888$6,315,921$14,031,847
83$23,493,383$8,778,742$6,471,686$15,128,759
84$25,832,133$9,151,325$6,630,912$16,326,414
85$28,407,620$9,540,350$6,793,657$17,634,694
86$31,243,937$9,946,567$6,959,985$19,064,471
87$34,367,629$10,370,758$7,129,954$20,627,713
88$37,807,946$10,813,745$7,303,627$22,337,590
89$41,597,123$11,276,385$7,481,064$24,208,601
90$45,770,678$11,759,576$7,662,328$26,256,704
91$50,367,751$12,264,259$7,847,480$28,499,467
92$55,431,471$12,791,418$8,036,581$30,956,231
93$61,009,367$13,342,083$8,229,692$33,648,288
94$67,153,811$13,917,333$8,426,875$36,599,084
95$73,922,515$14,518,298$8,628,191$39,834,432
96$81,379,076$15,146,159$8,833,700$43,382,757
97$89,593,575$15,802,154$9,043,461$47,275,359
98$98,643,238$16,487,578$9,257,536$51,546,705
99$108,613,167$17,203,788$9,475,982$56,234,754
100$119,597,141$17,952,204$9,698,858$61,381,308