Can I retire at age 67 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%17.6%
1 years$404,637$401,033$397,517$394,084$390,733$378,680
2 years$200,316$196,585$192,969$189,464$186,063$174,026
3 years$132,217$128,470$124,864$121,391$118,046$106,401
4 years$98,175$94,439$90,869$87,456$84,192$73,029
5 years$77,754$74,042$70,518$67,174$64,001$53,350
6 years$64,145$60,461$56,989$53,720$50,642$40,513
7 years$54,429$50,775$47,358$44,166$41,185$31,577
8 years$47,144$43,523$40,163$37,050$34,167$25,073
9 years$41,482$37,895$34,593$31,558$28,774$20,184
10 years$36,954$33,402$30,159$27,203$24,517$16,419
11 years$33,252$29,736$26,551$23,675$21,085$13,466
12 years$30,170$26,690$23,564$20,766$18,272$11,114
13 years$27,563$24,120$21,053$18,334$15,934$9,221
14 years$25,331$21,924$18,916$16,274$13,967$7,682
15 years$23,398$20,028$17,078$14,514$12,298$6,421
16 years$21,709$18,375$15,484$12,996$10,869$5,383
17 years$20,220$16,923$14,090$11,676$9,637$4,522
18 years$18,897$15,638$12,862$10,523$8,569$3,807
19 years$17,716$14,493$11,775$9,508$7,638$3,210
20 years$16,654$13,467$10,806$8,612$6,822$2,710
21 years$15,694$12,544$9,940$7,816$6,105$2,290
22 years$14,822$11,710$9,161$7,106$5,472$1,938
23 years$14,028$10,952$8,459$6,472$4,912$1,641
24 years$13,301$10,261$7,823$5,903$4,415$1,390
25 years$12,633$9,630$7,245$5,391$3,973$1,178
26 years$12,017$9,050$6,720$4,929$3,579$999
27 years$11,448$8,517$6,240$4,512$3,227$848
28 years$10,921$8,026$5,801$4,134$2,911$720
29 years$10,431$7,571$5,398$3,791$2,629$611
30 years$9,974$7,150$5,028$3,479$2,375$519
31 years$9,548$6,760$4,688$3,195$2,148$441
32 years$9,149$6,396$4,374$2,936$1,943$374
33 years$8,775$6,057$4,084$2,700$1,758$318
34 years$8,424$5,741$3,816$2,484$1,592$270
35 years$8,094$5,445$3,567$2,287$1,442$230
36 years$7,782$5,168$3,337$2,106$1,306$195
37 years$7,489$4,908$3,123$1,941$1,184$166
38 years$7,211$4,665$2,925$1,789$1,073$141
39 years$6,948$4,436$2,740$1,649$973$120
40 years$6,699$4,220$2,569$1,521$883$102
41 years$6,463$4,017$2,408$1,404$801$87
42 years$6,238$3,826$2,259$1,295$727$74
43 years$6,025$3,645$2,120$1,196$660$63
44 years$5,822$3,475$1,990$1,104$599$53
45 years$5,628$3,314$1,869$1,020$544$45
46 years$5,444$3,161$1,755$942$493$38
47 years$5,268$3,017$1,649$870$448$33
48 years$5,099$2,880$1,549$804$407$28
49 years$4,938$2,750$1,456$743$370$24
50 years$4,784$2,627$1,369$687$336$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $4,900,000, adding $4,035 every year, while hoping to spend $50,167 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: 42/39/19 Blend
66$4,900,000$4,900,000$4,900,000$4,900,000
67$5,403,962$5,144,262$5,068,312$5,600,694
68$5,901,789$5,342,954$5,184,723$5,939,184
69$6,448,713$5,549,700$5,303,353$6,300,314
70$7,049,688$5,764,842$5,424,222$6,690,339
71$7,710,175$5,988,737$5,547,352$7,111,937
72$8,436,185$6,221,758$5,672,760$7,568,047
73$9,234,345$6,464,293$5,800,467$8,061,898
74$10,111,954$6,716,749$5,930,489$8,597,039
75$11,077,054$6,979,551$6,062,840$9,177,368
76$12,138,505$7,253,140$6,197,537$9,807,170
77$13,306,069$7,537,981$6,334,591$10,491,157
78$14,590,502$7,834,555$6,474,014$11,234,505
79$16,003,654$8,143,370$6,615,814$12,042,909
80$17,558,583$8,464,951$6,760,000$12,922,628
81$19,269,675$8,799,850$6,906,577$13,880,550
82$21,152,782$9,148,643$7,055,547$14,924,247
83$23,225,370$9,511,931$7,206,913$16,062,048
84$25,506,685$9,890,343$7,360,672$17,303,120
85$28,017,933$10,284,535$7,516,820$18,657,545
86$30,782,479$10,695,195$7,675,350$20,136,416
87$33,826,070$11,123,038$7,836,253$21,751,944
88$37,177,077$11,568,814$7,999,515$23,517,561
89$40,866,760$12,033,307$8,165,120$25,448,055
90$44,929,566$12,517,335$8,333,047$27,559,700
91$49,403,451$13,021,754$8,503,274$29,870,410
92$54,330,242$13,547,459$8,675,772$32,399,904
93$59,756,025$14,095,383$8,850,509$35,169,889
94$65,731,588$14,666,505$9,027,450$38,204,264
95$72,312,892$15,261,846$9,206,551$41,529,342
96$79,561,605$15,882,474$9,387,768$45,174,091
97$87,545,679$16,529,506$9,571,049$49,170,411
98$96,339,996$17,204,109$9,756,337$53,553,426
99$106,027,070$17,907,505$9,943,569$58,361,815
100$116,697,828$18,640,970$10,132,675$63,638,170