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%14%
1 years$421,153$417,402$413,742$410,169$406,681$399,944
2 years$208,492$204,609$200,846$197,197$193,658$186,890
3 years$137,614$133,714$129,960$126,346$122,864$116,276
4 years$102,182$98,294$94,578$91,025$87,628$81,271
5 years$80,928$77,064$73,396$69,916$66,613$60,505
6 years$66,764$62,928$59,315$55,912$52,709$46,856
7 years$56,650$52,847$49,291$45,969$42,866$37,272
8 years$49,068$45,300$41,803$38,562$35,562$30,224
9 years$43,175$39,442$36,005$32,846$29,948$24,864
10 years$38,462$34,766$31,390$28,314$25,517$20,683
11 years$34,610$30,950$27,635$24,641$21,946$17,355
12 years$31,401$27,779$24,525$21,614$19,018$14,666
13 years$28,688$25,104$21,912$19,082$16,584$12,464
14 years$26,365$22,819$19,688$16,939$14,537$10,642
15 years$24,353$20,846$17,775$15,106$12,800$9,122
16 years$22,595$19,125$16,116$13,526$11,312$7,845
17 years$21,045$17,614$14,665$12,153$10,030$6,765
18 years$19,669$16,276$13,387$10,952$8,919$5,848
19 years$18,439$15,084$12,255$9,896$7,949$5,065
20 years$17,333$14,017$11,247$8,963$7,101$4,394
21 years$16,334$13,056$10,345$8,135$6,354$3,817
22 years$15,427$12,188$9,535$7,396$5,696$3,321
23 years$14,601$11,399$8,804$6,736$5,113$2,892
24 years$13,844$10,680$8,142$6,144$4,595$2,521
25 years$13,149$10,023$7,541$5,611$4,135$2,199
26 years$12,508$9,420$6,994$5,130$3,725$1,920
27 years$11,916$8,865$6,495$4,696$3,358$1,677
28 years$11,367$8,353$6,038$4,302$3,030$1,466
29 years$10,857$7,881$5,618$3,945$2,736$1,281
30 years$10,381$7,442$5,233$3,621$2,472$1,121
31 years$9,938$7,035$4,879$3,325$2,235$981
32 years$9,523$6,657$4,552$3,056$2,022$859
33 years$9,133$6,304$4,250$2,810$1,830$752
34 years$8,768$5,975$3,971$2,586$1,657$658
35 years$8,424$5,667$3,713$2,380$1,501$577
36 years$8,100$5,379$3,473$2,192$1,360$505
37 years$7,794$5,109$3,251$2,020$1,232$443
38 years$7,505$4,855$3,044$1,862$1,117$388
39 years$7,232$4,617$2,852$1,717$1,013$340
40 years$6,973$4,393$2,673$1,583$919$298
41 years$6,727$4,181$2,507$1,461$834$261
42 years$6,493$3,982$2,351$1,348$756$229
43 years$6,271$3,794$2,207$1,245$686$201
44 years$6,060$3,617$2,071$1,149$623$176
45 years$5,858$3,449$1,945$1,061$566$154
46 years$5,666$3,290$1,827$980$514$135
47 years$5,483$3,140$1,716$906$466$119
48 years$5,307$2,997$1,613$837$424$104
49 years$5,140$2,862$1,516$773$385$91
50 years$4,979$2,734$1,425$715$349$80

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 $2,553 every year, while hoping to spend $24,633 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: 29/46/25 Blend
64$5,100,000$5,100,000$5,100,000$5,100,000
65$5,622,833$5,352,533$5,273,483$5,742,134
66$6,170,153$5,588,598$5,423,936$6,071,575
67$6,772,474$5,835,405$5,578,603$6,423,170
68$7,435,380$6,093,453$5,737,599$6,800,673
69$8,165,023$6,363,267$5,901,044$7,206,332
70$8,968,185$6,645,396$6,069,058$7,642,610
71$9,852,334$6,940,415$6,241,766$8,112,204
72$10,825,702$7,248,926$6,419,295$8,618,070
73$11,897,360$7,571,559$6,601,777$9,163,442
74$13,077,300$7,908,975$6,789,347$9,751,870
75$14,376,537$8,261,867$6,982,142$10,387,242
76$15,807,204$8,630,959$7,180,304$11,073,822
77$17,382,674$9,017,011$7,383,979$11,816,289
78$19,117,680$9,420,818$7,593,316$12,619,773
79$21,028,459$9,843,213$7,808,468$13,489,905
80$23,132,902$10,285,071$8,029,591$14,432,864
81$25,450,724$10,747,305$8,256,848$15,455,435
82$28,003,648$11,230,874$8,490,404$16,565,064
83$30,815,615$11,736,782$8,730,427$17,769,931
84$33,913,004$12,266,080$8,977,093$19,079,019
85$37,324,884$12,819,871$9,230,579$20,502,196
86$41,083,287$13,399,310$9,491,068$22,050,303
87$45,223,513$14,005,606$9,758,749$23,735,253
88$49,784,457$14,640,027$10,033,813$25,570,139
89$54,808,985$15,303,902$10,316,459$27,569,351
90$60,344,329$15,998,621$10,606,889$29,748,708
91$66,442,541$16,725,644$10,905,310$32,125,602
92$73,160,978$17,486,498$11,211,935$34,719,155
93$80,562,846$18,282,785$11,526,983$37,550,397
94$88,717,798$19,116,182$11,850,678$40,642,454
95$97,702,587$19,988,449$12,183,250$44,020,763
96$107,601,795$20,901,427$12,524,933$47,713,306
97$118,508,629$21,857,048$12,875,969$51,750,863
98$130,525,801$22,857,335$13,236,605$56,167,299
99$143,766,497$23,904,408$13,607,096$60,999,876
100$158,355,446$25,000,491$13,987,701$66,289,594