Can I retire at age 67 with 4,400,000?

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 $4,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$363,348$360,111$356,954$353,872$350,862$342,798
2 years$179,875$176,525$173,278$170,131$167,077$158,997
3 years$118,726$115,361$112,123$109,004$106,001$98,157
4 years$88,157$84,803$81,597$78,531$75,601$68,054
5 years$69,820$66,486$63,322$60,320$57,470$50,242
6 years$57,600$54,291$51,174$48,238$45,474$38,572
7 years$48,875$45,594$42,526$39,659$36,983$30,407
8 years$42,334$39,082$36,065$33,269$30,681$24,429
9 years$37,249$34,028$31,063$28,338$25,838$19,905
10 years$33,183$29,994$27,081$24,428$22,015$16,396
11 years$29,859$26,702$23,842$21,259$18,934$13,619
12 years$27,091$23,966$21,159$18,647$16,407$11,390
13 years$24,751$21,658$18,904$16,463$14,308$9,578
14 years$22,746$19,687$16,986$14,614$12,542$8,090
15 years$21,011$17,984$15,336$13,033$11,043$6,858
16 years$19,494$16,500$13,904$11,670$9,760$5,832
17 years$18,156$15,196$12,652$10,485$8,654$4,971
18 years$16,969$14,042$11,550$9,449$7,694$4,247
19 years$15,908$13,014$10,573$8,538$6,858$3,635
20 years$14,954$12,093$9,704$7,733$6,126$3,116
21 years$14,092$11,264$8,925$7,018$5,482$2,675
22 years$13,310$10,515$8,226$6,381$4,914$2,298
23 years$12,597$9,834$7,595$5,811$4,411$1,976
24 years$11,944$9,214$7,024$5,300$3,965$1,701
25 years$11,344$8,647$6,506$4,841$3,568$1,465
26 years$10,791$8,127$6,034$4,426$3,214$1,263
27 years$10,280$7,648$5,603$4,051$2,897$1,089
28 years$9,807$7,207$5,209$3,712$2,614$940
29 years$9,367$6,799$4,847$3,404$2,361$811
30 years$8,956$6,421$4,515$3,124$2,133$700
31 years$8,574$6,070$4,209$2,869$1,928$604
32 years$8,216$5,743$3,927$2,637$1,744$522
33 years$7,880$5,439$3,667$2,425$1,579$451
34 years$7,564$5,155$3,426$2,231$1,429$390
35 years$7,268$4,889$3,203$2,054$1,295$337
36 years$6,988$4,641$2,997$1,891$1,173$291
37 years$6,724$4,408$2,805$1,743$1,063$252
38 years$6,475$4,189$2,627$1,606$964$218
39 years$6,239$3,983$2,461$1,481$874$188
40 years$6,015$3,790$2,306$1,366$793$163
41 years$5,803$3,607$2,163$1,260$719$141
42 years$5,602$3,436$2,029$1,163$653$122
43 years$5,410$3,273$1,904$1,074$592$105
44 years$5,228$3,120$1,787$991$538$91
45 years$5,054$2,975$1,678$916$488$79
46 years$4,888$2,838$1,576$846$443$68
47 years$4,730$2,709$1,481$781$402$59
48 years$4,579$2,586$1,391$722$365$51
49 years$4,434$2,469$1,308$667$332$44
50 years$4,296$2,359$1,229$617$301$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $4,400,000, adding $6,219 every year, while hoping to spend $57,317 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: 65/24/11 Blend
66$4,400,000$4,400,000$4,400,000$4,400,000
67$4,855,215$4,622,015$4,553,815$5,158,605
68$5,289,462$4,787,509$4,645,383$5,527,240
69$5,766,081$4,959,191$4,738,097$5,922,563
70$6,289,334$5,137,304$4,831,936$6,353,041
71$6,863,915$5,322,100$4,926,875$6,822,097
72$7,494,994$5,513,844$5,022,885$7,333,500
73$8,188,269$5,712,807$5,119,938$7,891,395
74$8,950,015$5,919,277$5,217,998$8,500,346
75$9,787,145$6,133,550$5,317,029$9,165,375
76$10,707,276$6,355,936$5,416,991$9,892,012
77$11,718,797$6,586,756$5,517,840$10,686,342
78$12,830,955$6,826,347$5,619,528$11,555,068
79$14,053,933$7,075,059$5,722,002$12,505,567
80$15,398,952$7,333,255$5,825,208$13,545,961
81$16,878,376$7,601,316$5,929,083$14,685,197
82$18,505,827$7,879,637$6,033,564$15,933,123
83$20,296,312$8,168,630$6,138,579$17,300,585
84$22,266,368$8,468,725$6,244,054$18,799,529
85$24,434,214$8,780,369$6,349,906$20,443,108
86$26,819,926$9,104,029$6,456,050$22,245,811
87$29,445,623$9,440,191$6,562,392$24,223,594
88$32,335,678$9,789,362$6,668,834$26,394,032
89$35,516,947$10,152,070$6,775,269$28,776,483
90$39,019,021$10,528,867$6,881,586$31,392,268
91$42,874,505$10,920,325$6,987,664$34,264,875
92$47,119,329$11,327,046$7,093,374$37,420,177
93$51,793,081$11,749,651$7,198,583$40,886,671
94$56,939,384$12,188,793$7,303,144$44,695,755
95$62,606,308$12,645,150$7,406,906$48,882,013
96$68,846,819$13,119,431$7,509,706$53,483,546
97$75,719,285$13,612,373$7,611,371$58,542,328
98$83,288,021$14,124,748$7,711,720$64,104,603
99$91,623,896$14,657,358$7,810,560$70,221,315
100$100,805,006$15,211,041$7,907,687$76,948,592