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

Use the below retirement simulation to view the chances of a successful retirement.
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%19.9%
1 years$445,927$441,955$438,080$434,297$430,604$413,519
2 years$220,756$216,645$212,660$208,797$205,049$188,049
3 years$145,709$141,580$137,605$133,778$130,092$113,710
4 years$108,192$104,076$100,141$96,380$92,783$77,145
5 years$85,689$81,597$77,714$74,029$70,532$55,678
6 years$70,691$66,630$62,804$59,201$55,809$41,749
7 years$59,983$55,956$52,191$48,673$45,388$32,115
8 years$51,955$47,964$44,262$40,830$37,654$25,156
9 years$45,714$41,762$38,123$34,778$31,710$19,967
10 years$40,725$36,811$33,236$29,979$27,018$16,009
11 years$36,645$32,771$29,261$26,091$23,237$12,934
12 years$33,248$29,413$25,968$22,885$20,136$10,513
13 years$30,376$26,581$23,201$20,204$17,559$8,586
14 years$27,916$24,161$20,846$17,935$15,392$7,039
15 years$25,786$22,072$18,821$15,995$13,553$5,789
16 years$23,924$20,250$17,064$14,322$11,978$4,772
17 years$22,283$18,650$15,528$12,868$10,620$3,942
18 years$20,826$17,233$14,175$11,597$9,443$3,262
19 years$19,523$15,972$12,976$10,479$8,417$2,703
20 years$18,353$14,842$11,909$9,490$7,518$2,242
21 years$17,295$13,824$10,954$8,613$6,728$1,861
22 years$16,335$12,905$10,096$7,831$6,031$1,547
23 years$15,459$12,069$9,322$7,132$5,413$1,286
24 years$14,658$11,308$8,621$6,505$4,866$1,070
25 years$13,922$10,612$7,985$5,941$4,378$890
26 years$13,244$9,974$7,405$5,432$3,944$741
27 years$12,617$9,386$6,877$4,972$3,556$617
28 years$12,035$8,845$6,393$4,555$3,208$514
29 years$11,495$8,344$5,949$4,177$2,897$428
30 years$10,992$7,880$5,541$3,834$2,618$357
31 years$10,522$7,449$5,166$3,521$2,367$298
32 years$10,083$7,049$4,820$3,236$2,141$248
33 years$9,671$6,675$4,500$2,976$1,937$207
34 years$9,284$6,326$4,205$2,738$1,754$172
35 years$8,920$6,001$3,931$2,520$1,589$144
36 years$8,576$5,695$3,678$2,321$1,440$120
37 years$8,253$5,409$3,442$2,139$1,305$100
38 years$7,947$5,141$3,223$1,971$1,183$83
39 years$7,657$4,888$3,020$1,818$1,073$69
40 years$7,383$4,651$2,831$1,676$973$58
41 years$7,122$4,427$2,654$1,547$883$48
42 years$6,875$4,216$2,490$1,427$801$40
43 years$6,640$4,017$2,336$1,318$727$34
44 years$6,416$3,829$2,193$1,217$660$28
45 years$6,203$3,652$2,059$1,124$599$23
46 years$5,999$3,484$1,934$1,038$544$19
47 years$5,805$3,324$1,817$959$494$16
48 years$5,619$3,174$1,707$886$448$14
49 years$5,442$3,031$1,605$819$407$11
50 years$5,272$2,895$1,509$757$370$9

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 $5,945 every year, while hoping to spend $53,876 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: 71/19/10 Blend
64$5,400,000$5,400,000$5,400,000$5,400,000
65$5,956,932$5,670,732$5,587,032$6,367,955
66$6,507,216$5,891,275$5,716,874$6,861,282
67$7,111,822$6,120,818$5,849,260$7,393,924
68$7,776,236$6,359,746$5,984,218$7,975,502
69$8,506,499$6,608,460$6,121,777$8,610,826
70$9,309,267$6,867,380$6,261,961$9,305,189
71$10,191,873$7,136,942$6,404,798$10,064,421
72$11,162,397$7,417,605$6,550,311$10,894,935
73$12,229,739$7,709,845$6,698,524$11,803,793
74$13,403,706$8,014,161$6,849,458$12,798,772
75$14,695,103$8,331,074$7,003,134$13,888,430
76$16,115,836$8,661,129$7,159,572$15,082,195
77$17,679,022$9,004,895$7,318,788$16,390,443
78$19,399,113$9,362,965$7,480,797$17,824,603
79$21,292,033$9,735,961$7,645,615$19,397,260
80$23,375,328$10,124,531$7,813,251$21,122,273
81$25,668,332$10,529,354$7,983,716$23,014,905
82$28,192,348$10,951,138$8,157,016$25,091,966
83$30,970,847$11,390,623$8,333,155$27,371,969
84$34,029,693$11,848,584$8,512,136$29,875,306
85$37,397,386$12,325,829$8,693,957$32,624,436
86$41,105,329$12,823,204$8,878,614$35,644,098
87$45,188,125$13,341,593$9,066,100$38,961,541
88$49,683,902$13,881,920$9,256,403$42,606,782
89$54,634,676$14,445,150$9,449,508$46,612,886
90$60,086,744$15,032,294$9,645,398$51,016,275
91$66,091,122$15,644,406$9,844,049$55,857,075
92$72,704,026$16,282,591$10,045,433$61,179,486
93$79,987,401$16,948,003$10,249,520$67,032,205
94$88,009,510$17,641,848$10,456,273$73,468,876
95$96,845,570$18,365,389$10,665,648$80,548,600
96$106,578,469$19,119,944$10,877,598$88,336,488
97$117,299,546$19,906,895$11,092,071$96,904,275
98$129,109,450$20,727,683$11,309,005$106,330,994
99$142,119,093$21,583,818$11,528,336$116,703,717
100$156,450,694$22,476,879$11,749,989$128,118,380