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

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 $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%19.7%
1 years$412,895$409,217$405,629$402,127$398,707$383,190
2 years$204,404$200,597$196,907$193,330$189,860$174,415
3 years$134,915$131,092$127,412$123,869$120,455$105,568
4 years$100,178$96,367$92,723$89,240$85,910$71,693
5 years$79,341$75,553$71,957$68,545$65,307$51,798
6 years$65,455$61,694$58,152$54,816$51,675$38,882
7 years$55,539$51,811$48,325$45,067$42,026$29,945
8 years$48,106$44,411$40,983$37,806$34,865$23,483
9 years$42,328$38,668$35,299$32,202$29,361$18,663
10 years$37,708$34,084$30,774$27,759$25,017$14,982
11 years$33,931$30,343$27,093$24,158$21,515$12,120
12 years$30,785$27,234$24,044$21,190$18,645$9,865
13 years$28,126$24,612$21,482$18,708$16,259$8,068
14 years$25,848$22,371$19,302$16,607$14,252$6,624
15 years$23,876$20,437$17,427$14,810$12,549$5,455
16 years$22,152$18,750$15,800$13,261$11,091$4,503
17 years$20,632$17,268$14,377$11,915$9,834$3,726
18 years$19,283$15,957$13,125$10,738$8,744$3,087
19 years$18,077$14,789$12,015$9,702$7,793$2,562
20 years$16,993$13,742$11,027$8,787$6,961$2,129
21 years$16,014$12,800$10,143$7,975$6,230$1,770
22 years$15,125$11,949$9,348$7,251$5,584$1,473
23 years$14,314$11,175$8,631$6,604$5,012$1,227
24 years$13,572$10,471$7,982$6,023$4,505$1,022
25 years$12,891$9,826$7,393$5,501$4,054$852
26 years$12,263$9,235$6,857$5,029$3,652$710
27 years$11,682$8,691$6,367$4,604$3,292$593
28 years$11,144$8,190$5,919$4,218$2,971$494
29 years$10,644$7,726$5,508$3,868$2,683$413
30 years$10,178$7,296$5,131$3,550$2,424$344
31 years$9,743$6,898$4,783$3,260$2,191$287
32 years$9,336$6,526$4,463$2,996$1,982$240
33 years$8,954$6,181$4,167$2,755$1,794$200
34 years$8,596$5,858$3,893$2,535$1,624$167
35 years$8,259$5,556$3,640$2,334$1,471$140
36 years$7,941$5,274$3,405$2,149$1,333$117
37 years$7,641$5,009$3,187$1,980$1,208$97
38 years$7,358$4,760$2,985$1,825$1,095$81
39 years$7,090$4,526$2,796$1,683$993$68
40 years$6,836$4,306$2,621$1,552$901$57
41 years$6,595$4,099$2,458$1,432$817$47
42 years$6,366$3,904$2,305$1,322$742$40
43 years$6,148$3,720$2,163$1,220$673$33
44 years$5,941$3,546$2,031$1,127$611$28
45 years$5,743$3,381$1,907$1,040$555$23
46 years$5,555$3,225$1,791$961$504$19
47 years$5,375$3,078$1,682$888$457$16
48 years$5,203$2,938$1,581$820$415$13
49 years$5,039$2,806$1,486$758$377$11
50 years$4,882$2,680$1,397$701$343$9

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 $4,960 every year, while hoping to spend $35,529 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: 68/5/27 Blend
64$5,000,000$5,000,000$5,000,000$5,000,000
65$5,515,116$5,250,116$5,172,616$5,851,155
66$6,039,856$5,469,569$5,308,096$6,297,159
67$6,616,927$5,698,585$5,446,924$6,780,441
68$7,251,632$5,937,594$5,589,174$7,308,393
69$7,949,810$6,187,047$5,734,923$7,885,437
70$8,717,895$6,447,417$5,884,248$8,516,439
71$9,562,977$6,719,197$6,037,226$9,206,761
72$10,492,867$7,002,904$6,193,939$9,962,306
73$11,516,171$7,299,077$6,354,468$10,789,574
74$12,642,372$7,608,284$6,518,895$11,695,725
75$13,881,920$7,931,116$6,687,303$12,688,642
76$15,246,328$8,268,193$6,859,780$13,777,010
77$16,748,281$8,620,162$7,036,411$14,970,394
78$18,401,759$8,987,703$7,217,283$16,279,328
79$20,222,164$9,371,526$7,402,488$17,715,419
80$22,226,467$9,772,374$7,592,114$19,291,447
81$24,433,372$10,191,025$7,786,255$21,021,494
82$26,863,485$10,628,295$7,985,004$22,921,071
83$29,539,514$11,085,034$8,188,454$25,007,266
84$32,486,480$11,562,136$8,396,703$27,298,902
85$35,731,955$12,060,535$8,609,847$29,816,718
86$39,306,323$12,581,210$8,827,985$32,583,559
87$43,243,061$13,125,183$9,051,216$35,624,595
88$47,579,063$13,693,527$9,279,642$38,967,557
89$52,354,982$14,287,363$9,513,364$42,642,996
90$57,615,614$14,907,868$9,752,486$46,684,570
91$63,410,323$15,556,271$9,997,111$51,129,367
92$69,793,508$16,233,859$10,247,346$56,018,245
93$76,825,110$16,941,983$10,503,296$61,396,225
94$84,571,185$17,682,054$10,765,070$67,312,910
95$93,104,522$18,455,550$11,032,776$73,822,952
96$102,505,331$19,264,021$11,306,522$80,986,572
97$112,862,004$20,109,087$11,586,420$88,870,120
98$124,271,944$20,992,447$11,872,580$97,546,708
99$136,842,484$21,915,879$12,165,114$107,096,892
100$150,691,906$22,881,246$12,464,134$117,609,436