Can I retire at age 65 with 5,100,000?

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 $5,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$421,153$417,402$413,742$410,169$406,681$401,599
2 years$208,492$204,609$200,846$197,197$193,658$188,544
3 years$137,614$133,714$129,960$126,346$122,864$117,878
4 years$102,182$98,294$94,578$91,025$87,628$82,807
5 years$80,928$77,064$73,396$69,916$66,613$61,973
6 years$66,764$62,928$59,315$55,912$52,709$48,253
7 years$56,650$52,847$49,291$45,969$42,866$38,598
8 years$49,068$45,300$41,803$38,562$35,562$31,480
9 years$43,175$39,442$36,005$32,846$29,948$26,051
10 years$38,462$34,766$31,390$28,314$25,517$21,803
11 years$34,610$30,950$27,635$24,641$21,946$18,410
12 years$31,401$27,779$24,525$21,614$19,018$15,657
13 years$28,688$25,104$21,912$19,082$16,584$13,393
14 years$26,365$22,819$19,688$16,939$14,537$11,513
15 years$24,353$20,846$17,775$15,106$12,800$9,936
16 years$22,595$19,125$16,116$13,526$11,312$8,605
17 years$21,045$17,614$14,665$12,153$10,030$7,473
18 years$19,669$16,276$13,387$10,952$8,919$6,506
19 years$18,439$15,084$12,255$9,896$7,949$5,676
20 years$17,333$14,017$11,247$8,963$7,101$4,961
21 years$16,334$13,056$10,345$8,135$6,354$4,343
22 years$15,427$12,188$9,535$7,396$5,696$3,807
23 years$14,601$11,399$8,804$6,736$5,113$3,341
24 years$13,844$10,680$8,142$6,144$4,595$2,935
25 years$13,149$10,023$7,541$5,611$4,135$2,581
26 years$12,508$9,420$6,994$5,130$3,725$2,271
27 years$11,916$8,865$6,495$4,696$3,358$2,000
28 years$11,367$8,353$6,038$4,302$3,030$1,762
29 years$10,857$7,881$5,618$3,945$2,736$1,553
30 years$10,381$7,442$5,233$3,621$2,472$1,370
31 years$9,938$7,035$4,879$3,325$2,235$1,208
32 years$9,523$6,657$4,552$3,056$2,022$1,067
33 years$9,133$6,304$4,250$2,810$1,830$942
34 years$8,768$5,975$3,971$2,586$1,657$832
35 years$8,424$5,667$3,713$2,380$1,501$735
36 years$8,100$5,379$3,473$2,192$1,360$649
37 years$7,794$5,109$3,251$2,020$1,232$574
38 years$7,505$4,855$3,044$1,862$1,117$507
39 years$7,232$4,617$2,852$1,717$1,013$448
40 years$6,973$4,393$2,673$1,583$919$396
41 years$6,727$4,181$2,507$1,461$834$350
42 years$6,493$3,982$2,351$1,348$756$310
43 years$6,271$3,794$2,207$1,245$686$274
44 years$6,060$3,617$2,071$1,149$623$242
45 years$5,858$3,449$1,945$1,061$566$214
46 years$5,666$3,290$1,827$980$514$190
47 years$5,483$3,140$1,716$906$466$168
48 years$5,307$2,997$1,613$837$424$148
49 years$5,140$2,862$1,516$773$385$131
50 years$4,979$2,734$1,425$715$349$116

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $5,100,000, adding $3,121 every year, while hoping to spend $36,289 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: 47/24/29 Blend
64$5,100,000$5,100,000$5,100,000$5,100,000
65$5,623,419$5,353,119$5,274,069$5,840,789
66$6,158,397$5,576,811$5,412,139$6,218,478
67$6,746,726$5,810,247$5,553,619$6,624,454
68$7,393,810$6,053,867$5,698,583$7,064,474
69$8,105,602$6,308,131$5,847,109$7,541,759
70$8,888,663$6,573,518$5,999,276$8,059,850
71$9,750,219$6,850,533$6,155,164$8,622,643
72$10,698,233$7,139,701$6,314,854$9,234,419
73$11,741,479$7,441,573$6,478,429$9,899,885
74$12,889,626$7,756,726$6,645,972$10,624,218
75$14,153,325$8,085,762$6,817,569$11,413,115
76$15,544,313$8,429,314$6,993,306$12,272,839
77$17,075,524$8,788,040$7,173,273$13,210,281
78$18,761,207$9,162,634$7,357,557$14,233,023
79$20,617,065$9,553,819$7,546,251$15,349,408
80$22,660,401$9,962,351$7,739,445$16,568,615
81$24,910,279$10,389,023$7,937,234$17,900,746
82$27,387,708$10,834,666$8,139,712$19,356,921
83$30,115,838$11,300,148$8,346,975$20,949,377
84$33,120,175$11,786,378$8,559,121$22,691,583
85$36,428,830$12,294,307$8,776,249$24,598,368
86$40,072,775$12,824,932$8,998,458$26,686,055
87$44,086,141$13,379,297$9,225,849$28,972,614
88$48,506,537$13,958,492$9,458,525$31,477,830
89$53,375,408$14,563,662$9,696,589$34,223,489
90$58,738,421$15,196,003$9,940,146$37,233,576
91$64,645,901$15,856,769$10,189,302$40,534,505
92$71,153,304$16,547,271$10,444,164$44,155,359
93$78,321,737$17,268,883$10,704,840$48,128,168
94$86,218,541$18,023,045$10,971,439$52,488,205
95$94,917,920$18,811,262$11,244,070$57,274,316
96$104,501,646$19,635,112$11,522,845$62,529,284
97$115,059,828$20,496,247$11,807,874$68,300,230
98$126,691,764$21,396,397$12,099,271$74,639,053
99$139,506,876$22,337,372$12,397,149$81,602,918
100$153,625,745$23,321,071$12,701,621$89,254,791