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%11.1%
1 years$412,895$409,217$405,629$402,127$398,707$396,860
2 years$204,404$200,597$196,907$193,330$189,860$187,996
3 years$134,915$131,092$127,412$123,869$120,455$118,631
4 years$100,178$96,367$92,723$89,240$85,910$84,140
5 years$79,341$75,553$71,957$68,545$65,307$63,597
6 years$65,455$61,694$58,152$54,816$51,675$50,027
7 years$55,539$51,811$48,325$45,067$42,026$40,441
8 years$48,106$44,411$40,983$37,806$34,865$33,342
9 years$42,328$38,668$35,299$32,202$29,361$27,901
10 years$37,708$34,084$30,774$27,759$25,017$23,619
11 years$33,931$30,343$27,093$24,158$21,515$20,178
12 years$30,785$27,234$24,044$21,190$18,645$17,367
13 years$28,126$24,612$21,482$18,708$16,259$15,040
14 years$25,848$22,371$19,302$16,607$14,252$13,091
15 years$23,876$20,437$17,427$14,810$12,549$11,443
16 years$22,152$18,750$15,800$13,261$11,091$10,039
17 years$20,632$17,268$14,377$11,915$9,834$8,835
18 years$19,283$15,957$13,125$10,738$8,744$7,796
19 years$18,077$14,789$12,015$9,702$7,793$6,895
20 years$16,993$13,742$11,027$8,787$6,961$6,111
21 years$16,014$12,800$10,143$7,975$6,230$5,425
22 years$15,125$11,949$9,348$7,251$5,584$4,824
23 years$14,314$11,175$8,631$6,604$5,012$4,295
24 years$13,572$10,471$7,982$6,023$4,505$3,828
25 years$12,891$9,826$7,393$5,501$4,054$3,416
26 years$12,263$9,235$6,857$5,029$3,652$3,051
27 years$11,682$8,691$6,367$4,604$3,292$2,728
28 years$11,144$8,190$5,919$4,218$2,971$2,440
29 years$10,644$7,726$5,508$3,868$2,683$2,184
30 years$10,178$7,296$5,131$3,550$2,424$1,956
31 years$9,743$6,898$4,783$3,260$2,191$1,753
32 years$9,336$6,526$4,463$2,996$1,982$1,572
33 years$8,954$6,181$4,167$2,755$1,794$1,410
34 years$8,596$5,858$3,893$2,535$1,624$1,265
35 years$8,259$5,556$3,640$2,334$1,471$1,135
36 years$7,941$5,274$3,405$2,149$1,333$1,019
37 years$7,641$5,009$3,187$1,980$1,208$915
38 years$7,358$4,760$2,985$1,825$1,095$822
39 years$7,090$4,526$2,796$1,683$993$738
40 years$6,836$4,306$2,621$1,552$901$664
41 years$6,595$4,099$2,458$1,432$817$596
42 years$6,366$3,904$2,305$1,322$742$536
43 years$6,148$3,720$2,163$1,220$673$482
44 years$5,941$3,546$2,031$1,127$611$433
45 years$5,743$3,381$1,907$1,040$555$390
46 years$5,555$3,225$1,791$961$504$350
47 years$5,375$3,078$1,682$888$457$315
48 years$5,203$2,938$1,581$820$415$283
49 years$5,039$2,806$1,486$758$377$255
50 years$4,882$2,680$1,397$701$343$229

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 $2,009 every year, while hoping to spend $42,598 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: 75/10/15 Blend
64$5,000,000$5,000,000$5,000,000$5,000,000
65$5,512,072$5,247,072$5,169,572$5,907,379
66$6,028,980$5,458,855$5,297,429$6,380,737
67$6,597,184$5,679,587$5,428,141$6,893,899
68$7,221,872$5,909,663$5,561,760$7,455,181
69$7,908,760$6,149,493$5,698,335$8,069,355
70$8,664,143$6,399,507$5,837,919$8,741,681
71$9,494,959$6,660,157$5,980,563$9,477,945
72$10,408,851$6,931,911$6,126,318$10,284,524
73$11,414,241$7,215,261$6,275,236$11,168,436
74$12,520,406$7,510,721$6,427,369$12,137,413
75$13,737,570$7,818,830$6,582,769$13,199,969
76$15,076,998$8,140,148$6,741,487$14,365,481
77$16,551,100$8,475,264$6,903,576$15,644,276
78$18,173,553$8,824,792$7,069,086$17,047,731
79$19,959,425$9,189,376$7,238,069$18,588,374
80$21,925,318$9,569,688$7,410,577$20,280,008
81$24,089,529$9,966,431$7,586,660$22,137,834
82$26,472,216$10,380,341$7,766,368$24,178,600
83$29,095,592$10,812,188$7,949,751$26,420,752
84$31,984,134$11,262,776$8,136,859$28,884,614
85$35,164,812$11,732,948$8,327,740$31,592,572
86$38,667,345$12,223,585$8,522,442$34,569,290
87$42,524,482$12,735,608$8,721,011$37,841,937
88$46,772,308$13,269,982$8,923,494$41,440,448
89$51,450,588$13,827,716$9,129,936$45,397,801
90$56,603,139$14,409,865$9,340,380$49,750,327
91$62,278,245$15,017,534$9,554,868$54,538,058
92$68,529,111$15,651,879$9,773,442$59,805,094
93$75,414,369$16,314,109$9,996,140$65,600,027
94$82,998,624$17,005,490$10,223,000$71,976,394
95$91,353,070$17,727,346$10,454,058$78,993,180
96$100,556,161$18,481,063$10,689,346$86,715,379
97$110,694,347$19,268,093$10,928,897$95,214,598
98$121,862,894$20,089,953$11,172,739$104,569,740
99$134,166,781$20,948,232$11,420,897$114,867,739
100$147,721,691$21,844,595$11,673,396$126,204,388