Can I retire at age 65 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%16.3%
1 years$404,637$401,033$397,517$394,084$390,733$380,669
2 years$200,316$196,585$192,969$189,464$186,063$175,991
3 years$132,217$128,470$124,864$121,391$118,046$108,281
4 years$98,175$94,439$90,869$87,456$84,192$74,808
5 years$77,754$74,042$70,518$67,174$64,001$55,026
6 years$64,145$60,461$56,989$53,720$50,642$42,083
7 years$54,429$50,775$47,358$44,166$41,185$33,044
8 years$47,144$43,523$40,163$37,050$34,167$26,439
9 years$41,482$37,895$34,593$31,558$28,774$21,452
10 years$36,954$33,402$30,159$27,203$24,517$17,593
11 years$33,252$29,736$26,551$23,675$21,085$14,549
12 years$30,170$26,690$23,564$20,766$18,272$12,112
13 years$27,563$24,120$21,053$18,334$15,934$10,137
14 years$25,331$21,924$18,916$16,274$13,967$8,521
15 years$23,398$20,028$17,078$14,514$12,298$7,189
16 years$21,709$18,375$15,484$12,996$10,869$6,082
17 years$20,220$16,923$14,090$11,676$9,637$5,159
18 years$18,897$15,638$12,862$10,523$8,569$4,385
19 years$17,716$14,493$11,775$9,508$7,638$3,733
20 years$16,654$13,467$10,806$8,612$6,822$3,183
21 years$15,694$12,544$9,940$7,816$6,105$2,718
22 years$14,822$11,710$9,161$7,106$5,472$2,322
23 years$14,028$10,952$8,459$6,472$4,912$1,986
24 years$13,301$10,261$7,823$5,903$4,415$1,700
25 years$12,633$9,630$7,245$5,391$3,973$1,457
26 years$12,017$9,050$6,720$4,929$3,579$1,248
27 years$11,448$8,517$6,240$4,512$3,227$1,070
28 years$10,921$8,026$5,801$4,134$2,911$918
29 years$10,431$7,571$5,398$3,791$2,629$788
30 years$9,974$7,150$5,028$3,479$2,375$676
31 years$9,548$6,760$4,688$3,195$2,148$581
32 years$9,149$6,396$4,374$2,936$1,943$498
33 years$8,775$6,057$4,084$2,700$1,758$428
34 years$8,424$5,741$3,816$2,484$1,592$368
35 years$8,094$5,445$3,567$2,287$1,442$316
36 years$7,782$5,168$3,337$2,106$1,306$271
37 years$7,489$4,908$3,123$1,941$1,184$233
38 years$7,211$4,665$2,925$1,789$1,073$200
39 years$6,948$4,436$2,740$1,649$973$172
40 years$6,699$4,220$2,569$1,521$883$148
41 years$6,463$4,017$2,408$1,404$801$127
42 years$6,238$3,826$2,259$1,295$727$109
43 years$6,025$3,645$2,120$1,196$660$94
44 years$5,822$3,475$1,990$1,104$599$81
45 years$5,628$3,314$1,869$1,020$544$70
46 years$5,444$3,161$1,755$942$493$60
47 years$5,268$3,017$1,649$870$448$51
48 years$5,099$2,880$1,549$804$407$44
49 years$4,938$2,750$1,456$743$370$38
50 years$4,784$2,627$1,369$687$336$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $4,900,000, adding $3,485 every year, while hoping to spend $22,888 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: 57/15/28 Blend
64$4,900,000$4,900,000$4,900,000$4,900,000
65$5,403,395$5,143,695$5,067,745$5,669,684
66$5,930,188$5,371,383$5,213,162$6,080,584
67$6,509,948$5,609,461$5,362,683$6,525,541
68$7,148,051$5,858,414$5,516,422$7,010,080
69$7,850,426$6,118,749$5,674,494$7,538,038
70$8,623,600$6,390,998$5,837,021$8,113,633
71$9,474,769$6,675,720$6,004,123$8,741,509
72$10,411,862$6,973,497$6,175,928$9,426,773
73$11,443,615$7,284,941$6,352,565$10,175,048
74$12,579,653$7,610,692$6,534,165$10,992,519
75$13,830,584$7,951,423$6,720,866$11,885,994
76$15,208,096$8,307,835$6,912,807$12,862,966
77$16,725,068$8,680,665$7,110,133$13,931,682
78$18,395,693$9,070,685$7,312,989$15,101,221
79$20,235,608$9,478,702$7,521,529$16,381,577
80$22,262,046$9,905,565$7,735,906$17,783,753
81$24,493,997$10,352,160$7,956,281$19,319,863
82$26,952,385$10,819,416$8,182,817$21,003,245
83$29,660,269$11,308,308$8,415,682$22,848,583
84$32,643,057$11,819,856$8,655,048$24,872,048
85$35,928,749$12,355,129$8,901,093$27,091,449
86$39,548,199$12,915,248$9,153,997$29,526,394
87$43,535,406$13,501,386$9,413,947$32,198,478
88$47,927,837$14,114,774$9,681,134$35,131,485
89$52,766,779$14,756,700$9,955,754$38,351,608
90$58,097,727$15,428,515$10,238,008$41,887,696
91$63,970,817$16,131,634$10,528,103$45,771,523
92$70,441,296$16,867,540$10,826,250$50,038,087
93$77,570,046$17,637,787$11,132,668$54,725,938
94$85,424,157$18,444,005$11,447,578$59,877,539
95$94,077,558$19,287,898$11,771,209$65,539,663
96$103,611,721$20,171,257$12,103,797$71,763,834
97$114,116,424$21,095,956$12,445,581$78,606,810
98$125,690,600$22,063,958$12,796,808$86,131,116
99$138,443,272$23,077,323$13,157,732$94,405,632
100$152,494,582$24,138,208$13,528,613$103,506,237