Can I retire at age 65 with 5,400,000?

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 $5,400,000?

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$445,927$441,955$438,080$434,297$430,604$423,470
2 years$220,756$216,645$212,660$208,797$205,049$197,883
3 years$145,709$141,580$137,605$133,778$130,092$123,116
4 years$108,192$104,076$100,141$96,380$92,783$86,051
5 years$85,689$81,597$77,714$74,029$70,532$64,064
6 years$70,691$66,630$62,804$59,201$55,809$49,613
7 years$59,983$55,956$52,191$48,673$45,388$39,464
8 years$51,955$47,964$44,262$40,830$37,654$32,002
9 years$45,714$41,762$38,123$34,778$31,710$26,326
10 years$40,725$36,811$33,236$29,979$27,018$21,899
11 years$36,645$32,771$29,261$26,091$23,237$18,376
12 years$33,248$29,413$25,968$22,885$20,136$15,528
13 years$30,376$26,581$23,201$20,204$17,559$13,197
14 years$27,916$24,161$20,846$17,935$15,392$11,268
15 years$25,786$22,072$18,821$15,995$13,553$9,659
16 years$23,924$20,250$17,064$14,322$11,978$8,307
17 years$22,283$18,650$15,528$12,868$10,620$7,163
18 years$20,826$17,233$14,175$11,597$9,443$6,192
19 years$19,523$15,972$12,976$10,479$8,417$5,362
20 years$18,353$14,842$11,909$9,490$7,518$4,652
21 years$17,295$13,824$10,954$8,613$6,728$4,042
22 years$16,335$12,905$10,096$7,831$6,031$3,516
23 years$15,459$12,069$9,322$7,132$5,413$3,062
24 years$14,658$11,308$8,621$6,505$4,866$2,669
25 years$13,922$10,612$7,985$5,941$4,378$2,328
26 years$13,244$9,974$7,405$5,432$3,944$2,033
27 years$12,617$9,386$6,877$4,972$3,556$1,776
28 years$12,035$8,845$6,393$4,555$3,208$1,552
29 years$11,495$8,344$5,949$4,177$2,897$1,357
30 years$10,992$7,880$5,541$3,834$2,618$1,187
31 years$10,522$7,449$5,166$3,521$2,367$1,039
32 years$10,083$7,049$4,820$3,236$2,141$909
33 years$9,671$6,675$4,500$2,976$1,937$796
34 years$9,284$6,326$4,205$2,738$1,754$697
35 years$8,920$6,001$3,931$2,520$1,589$611
36 years$8,576$5,695$3,678$2,321$1,440$535
37 years$8,253$5,409$3,442$2,139$1,305$469
38 years$7,947$5,141$3,223$1,971$1,183$411
39 years$7,657$4,888$3,020$1,818$1,073$360
40 years$7,383$4,651$2,831$1,676$973$316
41 years$7,122$4,427$2,654$1,547$883$277
42 years$6,875$4,216$2,490$1,427$801$243
43 years$6,640$4,017$2,336$1,318$727$213
44 years$6,416$3,829$2,193$1,217$660$186
45 years$6,203$3,652$2,059$1,124$599$163
46 years$5,999$3,484$1,934$1,038$544$143
47 years$5,805$3,324$1,817$959$494$126
48 years$5,619$3,174$1,707$886$448$110
49 years$5,442$3,031$1,605$819$407$97
50 years$5,272$2,895$1,509$757$370$85

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $5,400,000, adding $6,518 every year, while hoping to spend $53,019 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: 70/7/23 Blend
64$5,400,000$5,400,000$5,400,000$5,400,000
65$5,957,523$5,671,323$5,587,623$6,339,730
66$6,508,779$5,892,806$5,718,397$6,817,528
67$7,114,486$6,123,365$5,851,774$7,333,552
68$7,780,141$6,363,388$5,987,787$7,897,145
69$8,511,803$6,613,282$6,126,466$8,513,020
70$9,316,145$6,873,470$6,267,840$9,186,361
71$10,200,517$7,144,396$6,411,938$9,922,878
72$11,173,020$7,426,522$6,558,788$10,728,862
73$12,242,579$7,720,332$6,708,418$11,611,239
74$13,419,024$8,026,330$6,860,852$12,577,635
75$14,713,190$8,345,045$7,016,116$13,636,452
76$16,137,011$8,677,029$7,174,232$14,796,944
77$17,703,639$9,022,856$7,335,221$16,069,303
78$19,427,564$9,383,129$7,499,105$17,464,756
79$21,324,750$9,758,478$7,665,900$18,995,668
80$23,412,791$10,149,559$7,835,623$20,675,663
81$25,711,068$10,557,060$8,008,289$22,519,747
82$28,240,940$10,981,699$8,183,910$24,544,451
83$31,025,940$11,424,227$8,362,496$26,767,987
84$34,092,000$11,885,428$8,544,053$29,210,417
85$37,467,692$12,366,122$8,728,587$31,893,844
86$41,184,502$12,867,167$8,916,100$34,842,620
87$45,277,122$13,389,459$9,106,590$38,083,572
88$49,783,781$13,933,935$9,300,053$41,646,258
89$54,746,603$14,501,575$9,496,482$45,563,243
90$60,212,007$15,093,402$9,695,865$49,870,408
91$66,231,142$15,710,489$9,898,186$54,607,282
92$72,860,370$16,353,954$10,103,427$59,817,424
93$80,161,800$17,024,970$10,311,563$65,548,823
94$88,203,869$17,724,759$10,522,567$71,854,356
95$97,061,995$18,454,604$10,736,404$78,792,287
96$106,819,282$19,215,843$10,953,037$86,426,811
97$117,567,307$20,009,877$11,172,422$94,828,664
98$129,406,983$20,838,172$11,394,508$104,075,786
99$142,449,511$21,702,258$11,619,241$114,254,058
100$156,817,433$22,603,740$11,846,557$125,458,111