Can I retire at age 65 with 5,000,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $5,000,000?

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$412,895$409,217$405,629$402,127$398,707$386,408
2 years$204,404$200,597$196,907$193,330$189,860$177,577
3 years$134,915$131,092$127,412$123,869$120,455$108,573
4 years$100,178$96,367$92,723$89,240$85,910$74,519
5 years$79,341$75,553$71,957$68,545$65,307$54,439
6 years$65,455$61,694$58,152$54,816$51,675$41,339
7 years$55,539$51,811$48,325$45,067$42,026$32,221
8 years$48,106$44,411$40,983$37,806$34,865$25,585
9 years$42,328$38,668$35,299$32,202$29,361$20,596
10 years$37,708$34,084$30,774$27,759$25,017$16,754
11 years$33,931$30,343$27,093$24,158$21,515$13,740
12 years$30,785$27,234$24,044$21,190$18,645$11,341
13 years$28,126$24,612$21,482$18,708$16,259$9,409
14 years$25,848$22,371$19,302$16,607$14,252$7,838
15 years$23,876$20,437$17,427$14,810$12,549$6,552
16 years$22,152$18,750$15,800$13,261$11,091$5,493
17 years$20,632$17,268$14,377$11,915$9,834$4,615
18 years$19,283$15,957$13,125$10,738$8,744$3,885
19 years$18,077$14,789$12,015$9,702$7,793$3,275
20 years$16,993$13,742$11,027$8,787$6,961$2,765
21 years$16,014$12,800$10,143$7,975$6,230$2,337
22 years$15,125$11,949$9,348$7,251$5,584$1,977
23 years$14,314$11,175$8,631$6,604$5,012$1,674
24 years$13,572$10,471$7,982$6,023$4,505$1,418
25 years$12,891$9,826$7,393$5,501$4,054$1,202
26 years$12,263$9,235$6,857$5,029$3,652$1,020
27 years$11,682$8,691$6,367$4,604$3,292$865
28 years$11,144$8,190$5,919$4,218$2,971$734
29 years$10,644$7,726$5,508$3,868$2,683$623
30 years$10,178$7,296$5,131$3,550$2,424$529
31 years$9,743$6,898$4,783$3,260$2,191$450
32 years$9,336$6,526$4,463$2,996$1,982$382
33 years$8,954$6,181$4,167$2,755$1,794$324
34 years$8,596$5,858$3,893$2,535$1,624$276
35 years$8,259$5,556$3,640$2,334$1,471$234
36 years$7,941$5,274$3,405$2,149$1,333$199
37 years$7,641$5,009$3,187$1,980$1,208$169
38 years$7,358$4,760$2,985$1,825$1,095$144
39 years$7,090$4,526$2,796$1,683$993$122
40 years$6,836$4,306$2,621$1,552$901$104
41 years$6,595$4,099$2,458$1,432$817$88
42 years$6,366$3,904$2,305$1,322$742$75
43 years$6,148$3,720$2,163$1,220$673$64
44 years$5,941$3,546$2,031$1,127$611$54
45 years$5,743$3,381$1,907$1,040$555$46
46 years$5,555$3,225$1,791$961$504$39
47 years$5,375$3,078$1,682$888$457$33
48 years$5,203$2,938$1,581$820$415$28
49 years$5,039$2,806$1,486$758$377$24
50 years$4,882$2,680$1,397$701$343$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $5,000,000, adding $5,749 every year, while hoping to spend $59,441 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: 76/14/10 Blend
64$5,000,000$5,000,000$5,000,000$5,000,000
65$5,515,930$5,250,930$5,173,430$5,925,007
66$6,015,310$5,444,981$5,283,495$6,389,190
67$6,563,635$5,646,548$5,395,255$6,889,750
68$7,165,834$5,855,937$5,508,704$7,436,760
69$7,827,337$6,073,466$5,623,834$8,034,813
70$8,554,127$6,299,468$5,740,635$8,688,969
71$9,352,795$6,534,288$5,859,093$9,404,795
72$10,230,600$6,778,289$5,979,192$10,188,425
73$11,195,542$7,031,845$6,100,916$11,046,611
74$12,256,432$7,295,351$6,224,242$11,986,789
75$13,422,981$7,569,215$6,349,146$13,017,149
76$14,705,883$7,853,865$6,475,601$14,146,709
77$16,116,925$8,149,746$6,603,575$15,385,402
78$17,669,091$8,457,324$6,733,034$16,744,169
79$19,376,687$8,777,082$6,863,940$18,235,057
80$21,255,477$9,109,526$6,996,250$19,871,340
81$23,322,828$9,455,185$7,129,916$21,667,635
82$25,597,876$9,814,609$7,264,889$23,640,046
83$28,101,707$10,188,373$7,401,110$25,806,311
84$30,857,554$10,577,075$7,538,520$28,185,970
85$33,891,015$10,981,343$7,677,051$30,800,548
86$37,230,298$11,401,828$7,816,631$33,673,757
87$40,906,483$11,839,213$7,957,184$36,831,722
88$44,953,819$12,294,208$8,098,623$40,303,220
89$49,410,041$12,767,557$8,240,860$44,119,957
90$54,316,732$13,260,034$8,383,795$48,316,863
91$59,719,711$13,772,449$8,527,326$52,932,421
92$65,669,469$14,305,646$8,671,338$58,009,031
93$72,221,640$14,860,508$8,815,714$63,593,405
94$79,437,531$15,437,956$8,960,323$69,737,011
95$87,384,694$16,038,951$9,105,029$76,496,553
96$96,137,570$16,664,497$9,249,685$83,934,510
97$105,778,189$17,315,644$9,394,136$92,119,720
98$116,396,941$17,993,487$9,538,216$101,128,033
99$128,093,430$18,699,169$9,681,747$111,043,018
100$140,977,417$19,433,886$9,824,543$121,956,760