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%19%
1 years$421,153$417,402$413,742$410,169$406,681$391,940
2 years$208,492$204,609$200,846$197,197$193,658$178,968
3 years$137,614$133,714$129,960$126,346$122,864$108,688
4 years$102,182$98,294$94,578$91,025$87,628$74,073
5 years$80,928$77,064$73,396$69,916$66,613$53,715
6 years$66,764$62,928$59,315$55,912$52,709$40,477
7 years$56,650$52,847$49,291$45,969$42,866$31,298
8 years$49,068$45,300$41,803$38,562$35,562$24,647
9 years$43,175$39,442$36,005$32,846$29,948$19,672
10 years$38,462$34,766$31,390$28,314$25,517$15,862
11 years$34,610$30,950$27,635$24,641$21,946$12,891
12 years$31,401$27,779$24,525$21,614$19,018$10,542
13 years$28,688$25,104$21,912$19,082$16,584$8,663
14 years$26,365$22,819$19,688$16,939$14,537$7,147
15 years$24,353$20,846$17,775$15,106$12,800$5,915
16 years$22,595$19,125$16,116$13,526$11,312$4,908
17 years$21,045$17,614$14,665$12,153$10,030$4,082
18 years$19,669$16,276$13,387$10,952$8,919$3,400
19 years$18,439$15,084$12,255$9,896$7,949$2,837
20 years$17,333$14,017$11,247$8,963$7,101$2,369
21 years$16,334$13,056$10,345$8,135$6,354$1,981
22 years$15,427$12,188$9,535$7,396$5,696$1,658
23 years$14,601$11,399$8,804$6,736$5,113$1,388
24 years$13,844$10,680$8,142$6,144$4,595$1,163
25 years$13,149$10,023$7,541$5,611$4,135$975
26 years$12,508$9,420$6,994$5,130$3,725$818
27 years$11,916$8,865$6,495$4,696$3,358$686
28 years$11,367$8,353$6,038$4,302$3,030$575
29 years$10,857$7,881$5,618$3,945$2,736$483
30 years$10,381$7,442$5,233$3,621$2,472$405
31 years$9,938$7,035$4,879$3,325$2,235$340
32 years$9,523$6,657$4,552$3,056$2,022$286
33 years$9,133$6,304$4,250$2,810$1,830$240
34 years$8,768$5,975$3,971$2,586$1,657$202
35 years$8,424$5,667$3,713$2,380$1,501$169
36 years$8,100$5,379$3,473$2,192$1,360$142
37 years$7,794$5,109$3,251$2,020$1,232$120
38 years$7,505$4,855$3,044$1,862$1,117$100
39 years$7,232$4,617$2,852$1,717$1,013$84
40 years$6,973$4,393$2,673$1,583$919$71
41 years$6,727$4,181$2,507$1,461$834$60
42 years$6,493$3,982$2,351$1,348$756$50
43 years$6,271$3,794$2,207$1,245$686$42
44 years$6,060$3,617$2,071$1,149$623$35
45 years$5,858$3,449$1,945$1,061$566$30
46 years$5,666$3,290$1,827$980$514$25
47 years$5,483$3,140$1,716$906$466$21
48 years$5,307$2,997$1,613$837$424$18
49 years$5,140$2,862$1,516$773$385$15
50 years$4,979$2,734$1,425$715$349$12

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 $2,265 every year, while hoping to spend $34,859 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: 65/29/6 Blend
64$5,100,000$5,100,000$5,100,000$5,100,000
65$5,622,536$5,352,236$5,273,186$5,982,424
66$6,158,945$5,577,406$5,412,748$6,447,060
67$6,748,900$5,812,441$5,555,817$6,950,113
68$7,397,824$6,057,788$5,702,474$7,498,768
69$8,111,696$6,313,913$5,852,801$8,097,455
70$8,897,101$6,581,306$6,006,881$8,751,044
71$9,761,294$6,860,479$6,164,800$9,464,894
72$10,712,270$7,151,967$6,326,646$10,244,901
73$11,758,839$7,456,331$6,492,506$11,097,550
74$12,910,707$7,774,157$6,662,470$12,029,978
75$14,178,567$8,106,059$6,836,632$13,050,037
76$15,574,205$8,452,679$7,015,083$14,166,371
77$17,110,604$8,814,691$7,197,919$15,388,491
78$18,802,073$9,192,799$7,385,236$16,726,865
79$20,664,377$9,587,738$7,577,134$18,193,018
80$22,714,887$10,000,281$7,773,712$19,799,632
81$24,972,746$10,431,235$7,975,071$21,560,672
82$27,459,046$10,881,445$8,181,316$23,491,510
83$30,197,029$11,351,797$8,392,551$25,609,070
84$33,212,308$11,843,216$8,608,883$27,931,987
85$36,533,103$12,356,674$8,830,420$30,480,777
86$40,190,513$12,893,184$9,057,272$33,278,032
87$44,218,806$13,453,811$9,289,552$36,348,630
88$48,655,745$14,039,668$9,527,372$39,719,965
89$53,542,939$14,651,921$9,770,848$43,422,205
90$58,926,244$15,291,789$10,020,096$47,488,572
91$64,856,186$15,960,552$10,275,234$51,955,658
92$71,388,445$16,659,547$10,536,383$56,863,760
93$78,584,378$17,390,177$10,803,663$62,257,261
94$86,511,596$18,153,908$11,077,198$68,185,047
95$95,244,607$18,952,277$11,357,112$74,700,962
96$104,865,513$19,786,895$11,643,532$81,864,314
97$115,464,789$20,659,446$11,936,584$89,740,431
98$127,142,136$21,571,697$12,236,398$98,401,274
99$140,007,420$22,525,497$12,543,103$107,926,111
100$154,181,712$23,522,781$12,856,832$118,402,263