Can I retire at age 65 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%16.9%
1 years$396,380$392,849$389,404$386,042$382,759$371,998
2 years$196,227$192,573$189,031$185,597$182,266$171,507
3 years$129,519$125,849$122,316$118,914$115,637$105,216
4 years$96,171$92,512$89,014$85,671$82,473$72,471
5 years$76,168$72,531$69,079$65,803$62,695$53,138
6 years$62,836$59,227$55,826$52,623$49,608$40,507
7 years$53,318$49,738$46,392$43,265$40,345$31,698
8 years$46,182$42,635$39,344$36,294$33,470$25,273
9 years$40,635$37,121$33,887$30,914$28,187$20,432
10 years$36,200$32,721$29,543$26,648$24,016$16,694
11 years$32,574$29,129$26,009$23,192$20,655$13,753
12 years$29,554$26,145$23,083$20,342$17,899$11,404
13 years$27,001$23,627$20,623$17,959$15,608$9,506
14 years$24,814$21,477$18,530$15,942$13,682$7,958
15 years$22,921$19,619$16,730$14,218$12,047$6,685
16 years$21,266$18,000$15,168$12,730$10,647$5,632
17 years$19,807$16,578$13,802$11,438$9,440$4,756
18 years$18,512$15,318$12,600$10,308$8,394$4,025
19 years$17,354$14,197$11,534$9,314$7,482$3,411
20 years$16,314$13,193$10,586$8,436$6,683$2,895
21 years$15,373$12,288$9,737$7,656$5,980$2,460
22 years$14,520$11,471$8,974$6,961$5,361$2,093
23 years$13,742$10,728$8,286$6,340$4,812$1,782
24 years$13,029$10,052$7,663$5,782$4,325$1,518
25 years$12,375$9,433$7,098$5,281$3,892$1,294
26 years$11,772$8,866$6,583$4,828$3,506$1,104
27 years$11,215$8,344$6,113$4,419$3,161$942
28 years$10,698$7,862$5,682$4,049$2,852$804
29 years$10,218$7,417$5,288$3,713$2,575$686
30 years$9,771$7,005$4,926$3,408$2,327$586
31 years$9,353$6,622$4,592$3,130$2,104$501
32 years$8,962$6,265$4,284$2,876$1,903$428
33 years$8,596$5,933$4,000$2,645$1,722$366
34 years$8,252$5,624$3,738$2,434$1,559$313
35 years$7,928$5,334$3,494$2,240$1,412$267
36 years$7,624$5,063$3,269$2,063$1,280$228
37 years$7,336$4,808$3,060$1,901$1,160$195
38 years$7,064$4,570$2,865$1,752$1,051$167
39 years$6,806$4,345$2,684$1,616$953$143
40 years$6,562$4,134$2,516$1,490$865$122
41 years$6,331$3,935$2,359$1,375$785$104
42 years$6,111$3,748$2,213$1,269$712$89
43 years$5,902$3,571$2,077$1,171$646$76
44 years$5,703$3,404$1,949$1,082$586$65
45 years$5,513$3,246$1,830$999$532$56
46 years$5,333$3,096$1,719$923$483$48
47 years$5,160$2,955$1,615$852$439$41
48 years$4,995$2,821$1,518$788$399$35
49 years$4,837$2,694$1,427$728$362$30
50 years$4,686$2,573$1,341$673$329$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $4,800,000, adding $6,375 every year, while hoping to spend $24,912 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: 53/24/23 Blend
64$4,800,000$4,800,000$4,800,000$4,800,000
65$5,296,176$5,041,776$4,967,376$5,542,889
66$5,809,880$5,262,317$5,107,277$5,934,133
67$6,375,146$5,492,829$5,251,029$6,356,549
68$6,997,209$5,733,775$5,398,736$6,815,705
69$7,681,833$5,985,640$5,550,503$7,315,117
70$8,435,373$6,248,929$5,706,438$7,858,650
71$9,264,829$6,524,174$5,866,652$8,450,550
72$10,177,914$6,811,931$6,031,257$9,095,492
73$11,183,128$7,112,783$6,200,371$9,798,613
74$12,289,837$7,427,339$6,374,113$10,565,565
75$13,508,360$7,756,238$6,552,605$11,402,567
76$14,850,068$8,100,149$6,735,973$12,316,457
77$16,327,493$8,459,774$6,924,346$13,314,761
78$17,954,440$8,835,845$7,117,854$14,405,759
79$19,746,124$9,229,133$7,316,634$15,598,565
80$21,719,310$9,640,443$7,520,823$16,903,204
81$23,892,473$10,070,617$7,730,563$18,330,713
82$26,285,968$10,520,541$7,946,000$19,893,239
83$28,922,229$10,991,139$8,167,283$21,604,152
84$31,825,974$11,483,382$8,394,565$23,478,170
85$35,024,441$11,998,286$8,628,001$25,531,496
86$38,547,647$12,536,915$8,867,752$27,781,966
87$42,428,668$13,100,385$9,113,982$30,249,218
88$46,703,951$13,689,863$9,366,860$32,954,875
89$51,413,661$14,306,573$9,626,557$35,922,744
90$56,602,058$14,951,799$9,893,250$39,179,040
91$62,317,914$15,626,883$10,167,119$42,752,631
92$68,614,974$16,333,233$10,448,350$46,675,306
93$75,552,464$17,072,324$10,737,133$50,982,073
94$83,195,649$17,845,701$11,033,660$55,711,485
95$91,616,449$18,654,984$11,338,132$60,906,003
96$100,894,118$19,501,870$11,650,751$66,612,393
97$111,115,993$20,388,136$11,971,726$72,882,160
98$122,378,314$21,315,646$12,301,269$79,772,036
99$134,787,141$22,286,350$12,639,600$87,344,508
100$148,459,344$23,302,296$12,986,941$95,668,405