Can I retire at age 67 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%16.4%
1 years$396,380$392,849$389,404$386,042$382,759$372,750
2 years$196,227$192,573$189,031$185,597$182,266$172,250
3 years$129,519$125,849$122,316$118,914$115,637$105,928
4 years$96,171$92,512$89,014$85,671$82,473$73,146
5 years$76,168$72,531$69,079$65,803$62,695$53,774
6 years$62,836$59,227$55,826$52,623$49,608$41,104
7 years$53,318$49,738$46,392$43,265$40,345$32,257
8 years$46,182$42,635$39,344$36,294$33,470$25,794
9 years$40,635$37,121$33,887$30,914$28,187$20,916
10 years$36,200$32,721$29,543$26,648$24,016$17,143
11 years$32,574$29,129$26,009$23,192$20,655$14,168
12 years$29,554$26,145$23,083$20,342$17,899$11,787
13 years$27,001$23,627$20,623$17,959$15,608$9,858
14 years$24,814$21,477$18,530$15,942$13,682$8,281
15 years$22,921$19,619$16,730$14,218$12,047$6,981
16 years$21,266$18,000$15,168$12,730$10,647$5,903
17 years$19,807$16,578$13,802$11,438$9,440$5,003
18 years$18,512$15,318$12,600$10,308$8,394$4,249
19 years$17,354$14,197$11,534$9,314$7,482$3,615
20 years$16,314$13,193$10,586$8,436$6,683$3,080
21 years$15,373$12,288$9,737$7,656$5,980$2,627
22 years$14,520$11,471$8,974$6,961$5,361$2,244
23 years$13,742$10,728$8,286$6,340$4,812$1,918
24 years$13,029$10,052$7,663$5,782$4,325$1,640
25 years$12,375$9,433$7,098$5,281$3,892$1,404
26 years$11,772$8,866$6,583$4,828$3,506$1,202
27 years$11,215$8,344$6,113$4,419$3,161$1,030
28 years$10,698$7,862$5,682$4,049$2,852$883
29 years$10,218$7,417$5,288$3,713$2,575$757
30 years$9,771$7,005$4,926$3,408$2,327$649
31 years$9,353$6,622$4,592$3,130$2,104$557
32 years$8,962$6,265$4,284$2,876$1,903$478
33 years$8,596$5,933$4,000$2,645$1,722$410
34 years$8,252$5,624$3,738$2,434$1,559$352
35 years$7,928$5,334$3,494$2,240$1,412$302
36 years$7,624$5,063$3,269$2,063$1,280$259
37 years$7,336$4,808$3,060$1,901$1,160$223
38 years$7,064$4,570$2,865$1,752$1,051$191
39 years$6,806$4,345$2,684$1,616$953$164
40 years$6,562$4,134$2,516$1,490$865$141
41 years$6,331$3,935$2,359$1,375$785$121
42 years$6,111$3,748$2,213$1,269$712$104
43 years$5,902$3,571$2,077$1,171$646$89
44 years$5,703$3,404$1,949$1,082$586$77
45 years$5,513$3,246$1,830$999$532$66
46 years$5,333$3,096$1,719$923$483$57
47 years$5,160$2,955$1,615$852$439$49
48 years$4,995$2,821$1,518$788$399$42
49 years$4,837$2,694$1,427$728$362$36
50 years$4,686$2,573$1,341$673$329$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $4,800,000, adding $3,285 every year, while hoping to spend $21,375 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: 50/25/25 Blend
66$4,800,000$4,800,000$4,800,000$4,800,000
67$5,292,988$5,038,588$4,964,188$5,520,186
68$5,810,130$5,262,736$5,107,746$5,902,877
69$6,379,305$5,497,151$5,255,396$6,316,168
70$7,005,795$5,742,314$5,407,254$6,764,947
71$7,695,426$5,998,726$5,563,436$7,252,586
72$8,454,613$6,266,917$5,724,065$7,782,790
73$9,290,426$6,547,439$5,889,263$8,359,631
74$10,210,655$6,840,869$6,059,159$8,987,586
75$11,223,884$7,147,814$6,233,884$9,671,578
76$12,339,573$7,468,910$6,413,572$10,417,021
77$13,568,144$7,804,821$6,598,361$11,229,867
78$14,921,082$8,156,245$6,788,393$12,116,664
79$16,411,044$8,523,911$6,983,815$13,084,615
80$18,051,973$8,908,586$7,184,776$14,141,644
81$19,859,238$9,311,070$7,391,430$15,296,467
82$21,849,771$9,732,204$7,603,934$16,558,675
83$24,042,233$10,172,867$7,822,451$17,938,825
84$26,457,186$10,633,982$8,047,148$19,448,529
85$29,117,287$11,116,516$8,278,195$21,100,570
86$32,047,504$11,621,479$8,515,769$22,909,016
87$35,275,352$12,149,934$8,760,050$24,889,353
88$38,831,149$12,702,991$9,011,222$27,058,626
89$42,748,305$13,281,817$9,269,477$29,435,598
90$47,063,636$13,887,630$9,535,009$32,040,925
91$51,817,715$14,521,711$9,808,019$34,897,351
92$57,055,247$15,185,401$10,088,713$38,029,912
93$62,825,499$15,880,103$10,377,302$41,466,179
94$69,182,762$16,607,289$10,674,003$45,236,507
95$76,186,861$17,368,504$10,979,039$49,374,323
96$83,903,722$18,165,362$11,292,639$53,916,435
97$92,405,997$18,999,560$11,615,037$58,903,378
98$101,773,742$19,872,872$11,946,475$64,379,793
99$112,095,181$20,787,160$12,287,199$70,394,843
100$123,467,533$21,744,374$12,637,464$77,002,672