Can I retire at age 67 with 4,500,000?

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 $4,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$371,606$368,296$365,066$361,914$358,836$354,059
2 years$183,963$180,537$177,217$173,997$170,874$166,069
3 years$121,424$117,983$114,671$111,482$108,410$103,725
4 years$90,160$86,730$83,451$80,316$77,319$72,792
5 years$71,407$67,997$64,761$61,691$58,776$54,420
6 years$58,909$55,525$52,337$49,334$46,508$42,327
7 years$49,985$46,630$43,492$40,561$37,823$33,820
8 years$43,296$39,970$36,885$34,025$31,378$27,551
9 years$38,095$34,801$31,769$28,982$26,425$22,773
10 years$33,937$30,676$27,697$24,983$22,515$19,036
11 years$30,538$27,309$24,384$21,742$19,364$16,054
12 years$27,707$24,511$21,640$19,071$16,780$13,636
13 years$25,313$22,151$19,334$16,837$14,633$11,649
14 years$23,263$20,134$17,372$14,946$12,827$10,000
15 years$21,488$18,393$15,684$13,329$11,294$8,619
16 years$19,937$16,875$14,220$11,935$9,982$7,454
17 years$18,569$15,542$12,940$10,723$8,850$6,464
18 years$17,355$14,361$11,812$9,664$7,869$5,620
19 years$16,270$13,310$10,814$8,732$7,014$4,896
20 years$15,294$12,368$9,924$7,909$6,265$4,273
21 years$14,413$11,520$9,128$7,178$5,607$3,735
22 years$13,612$10,754$8,413$6,526$5,026$3,269
23 years$12,883$10,058$7,768$5,943$4,511$2,864
24 years$12,215$9,424$7,184$5,421$4,055$2,512
25 years$11,602$8,844$6,654$4,951$3,649$2,206
26 years$11,036$8,311$6,171$4,527$3,287$1,938
27 years$10,514$7,822$5,731$4,143$2,963$1,704
28 years$10,030$7,371$5,327$3,796$2,674$1,498
29 years$9,579$6,953$4,957$3,481$2,414$1,319
30 years$9,160$6,567$4,618$3,195$2,181$1,161
31 years$8,769$6,208$4,305$2,934$1,972$1,023
32 years$8,402$5,874$4,017$2,697$1,784$901
33 years$8,059$5,563$3,750$2,480$1,615$794
34 years$7,736$5,272$3,504$2,282$1,462$700
35 years$7,433$5,000$3,276$2,100$1,324$618
36 years$7,147$4,746$3,065$1,934$1,200$545
37 years$6,877$4,508$2,868$1,782$1,087$481
38 years$6,622$4,284$2,686$1,643$986$424
39 years$6,381$4,074$2,517$1,515$894$374
40 years$6,152$3,876$2,359$1,397$811$330
41 years$5,935$3,689$2,212$1,289$736$292
42 years$5,729$3,514$2,075$1,190$667$257
43 years$5,533$3,348$1,947$1,098$606$227
44 years$5,347$3,191$1,828$1,014$550$201
45 years$5,169$3,043$1,716$936$499$177
46 years$4,999$2,903$1,612$865$453$156
47 years$4,838$2,770$1,514$799$412$138
48 years$4,683$2,645$1,423$738$374$122
49 years$4,535$2,525$1,337$682$339$108
50 years$4,394$2,412$1,257$631$308$95

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $4,500,000, adding $2,975 every year, while hoping to spend $50,151 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: 45/38/17 Blend
66$4,500,000$4,500,000$4,500,000$4,500,000
67$4,962,069$4,723,569$4,653,819$5,161,036
68$5,414,839$4,901,663$4,756,361$5,478,536
69$5,912,112$5,086,804$4,860,658$5,817,376
70$6,458,372$5,279,282$4,966,715$6,183,748
71$7,058,563$5,479,404$5,074,537$6,580,224
72$7,718,128$5,687,486$5,184,126$7,009,632
73$8,443,067$5,903,862$5,295,483$7,475,079
74$9,239,986$6,128,878$5,408,608$7,979,981
75$10,116,166$6,362,894$5,523,498$8,528,090
76$11,079,628$6,606,290$5,640,149$9,123,534
77$12,139,209$6,859,457$5,758,553$9,770,852
78$13,304,646$7,122,807$5,878,701$10,475,035
79$14,586,664$7,396,770$6,000,583$11,241,570
80$15,997,085$7,681,792$6,124,183$12,076,495
81$17,548,930$7,978,342$6,249,485$12,986,452
82$19,256,547$8,286,907$6,376,470$13,978,746
83$21,135,747$8,607,998$6,505,113$15,061,419
84$23,203,948$8,942,145$6,635,390$16,243,314
85$25,480,345$9,289,904$6,767,270$17,534,168
86$27,986,087$9,651,856$6,900,720$18,944,693
87$30,744,477$10,028,607$7,035,703$20,486,681
88$33,781,193$10,420,788$7,172,179$22,173,111
89$37,124,529$10,829,060$7,310,100$24,018,268
90$40,805,660$11,254,114$7,449,419$26,037,880
91$44,858,942$11,696,670$7,590,078$28,249,261
92$49,322,228$12,157,481$7,732,020$30,671,472
93$54,237,232$12,637,333$7,875,179$33,325,502
94$59,649,916$13,137,049$8,019,484$36,234,458
95$65,610,928$13,657,485$8,164,858$39,423,787
96$72,176,081$14,199,540$8,311,219$42,921,508
97$79,406,874$14,764,151$8,458,477$46,758,477
98$87,371,076$15,352,295$8,606,537$50,968,674
99$96,143,365$15,964,996$8,755,295$55,589,522
100$105,806,031$16,603,324$8,904,640$60,662,236