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%16.5%
1 years$445,927$441,955$438,080$434,297$430,604$419,174
2 years$220,756$216,645$212,660$208,797$205,049$193,614
3 years$145,709$141,580$137,605$133,778$130,092$119,008
4 years$108,192$104,076$100,141$96,380$92,783$82,136
5 years$85,689$81,597$77,714$74,029$70,532$60,352
6 years$70,691$66,630$62,804$59,201$55,809$46,106
7 years$59,983$55,956$52,191$48,673$45,388$36,162
8 years$51,955$47,964$44,262$40,830$37,654$28,900
9 years$45,714$41,762$38,123$34,778$31,710$23,421
10 years$40,725$36,811$33,236$29,979$27,018$19,184
11 years$36,645$32,771$29,261$26,091$23,237$15,844
12 years$33,248$29,413$25,968$22,885$20,136$13,173
13 years$30,376$26,581$23,201$20,204$17,559$11,010
14 years$27,916$24,161$20,846$17,935$15,392$9,242
15 years$25,786$22,072$18,821$15,995$13,553$7,786
16 years$23,924$20,250$17,064$14,322$11,978$6,578
17 years$22,283$18,650$15,528$12,868$10,620$5,572
18 years$20,826$17,233$14,175$11,597$9,443$4,729
19 years$19,523$15,972$12,976$10,479$8,417$4,020
20 years$18,353$14,842$11,909$9,490$7,518$3,422
21 years$17,295$13,824$10,954$8,613$6,728$2,917
22 years$16,335$12,905$10,096$7,831$6,031$2,489
23 years$15,459$12,069$9,322$7,132$5,413$2,126
24 years$14,658$11,308$8,621$6,505$4,866$1,817
25 years$13,922$10,612$7,985$5,941$4,378$1,554
26 years$13,244$9,974$7,405$5,432$3,944$1,329
27 years$12,617$9,386$6,877$4,972$3,556$1,138
28 years$12,035$8,845$6,393$4,555$3,208$975
29 years$11,495$8,344$5,949$4,177$2,897$835
30 years$10,992$7,880$5,541$3,834$2,618$715
31 years$10,522$7,449$5,166$3,521$2,367$613
32 years$10,083$7,049$4,820$3,236$2,141$526
33 years$9,671$6,675$4,500$2,976$1,937$451
34 years$9,284$6,326$4,205$2,738$1,754$387
35 years$8,920$6,001$3,931$2,520$1,589$332
36 years$8,576$5,695$3,678$2,321$1,440$284
37 years$8,253$5,409$3,442$2,139$1,305$244
38 years$7,947$5,141$3,223$1,971$1,183$209
39 years$7,657$4,888$3,020$1,818$1,073$180
40 years$7,383$4,651$2,831$1,676$973$154
41 years$7,122$4,427$2,654$1,547$883$132
42 years$6,875$4,216$2,490$1,427$801$113
43 years$6,640$4,017$2,336$1,318$727$97
44 years$6,416$3,829$2,193$1,217$660$84
45 years$6,203$3,652$2,059$1,124$599$72
46 years$5,999$3,484$1,934$1,038$544$62
47 years$5,805$3,324$1,817$959$494$53
48 years$5,619$3,174$1,707$886$448$45
49 years$5,442$3,031$1,605$819$407$39
50 years$5,272$2,895$1,509$757$370$33

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 $6,618 every year, while hoping to spend $26,602 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: 49/25/26 Blend
64$5,400,000$5,400,000$5,400,000$5,400,000
65$5,957,626$5,671,426$5,587,726$6,205,324
66$6,537,000$5,921,022$5,746,611$6,628,817
67$7,174,578$6,181,956$5,909,927$7,085,474
68$7,876,270$6,454,756$6,077,794$7,581,088
69$8,648,585$6,739,975$6,250,335$8,119,353
70$9,498,698$7,038,191$6,427,679$8,704,327
71$10,434,513$7,350,011$6,609,954$9,340,474
72$11,464,740$7,676,068$6,797,294$10,032,699
73$12,598,976$8,017,028$6,989,836$10,786,394
74$13,847,797$8,373,588$7,187,721$11,607,493
75$15,222,854$8,746,476$7,391,092$12,502,515
76$16,736,989$9,136,457$7,600,097$13,478,636
77$18,404,350$9,544,331$7,814,889$14,543,745
78$20,240,528$9,970,937$8,035,621$15,706,524
79$22,262,702$10,417,154$8,262,455$16,976,522
80$24,489,804$10,883,900$8,495,553$18,364,247
81$26,942,693$11,372,141$8,735,084$19,881,261
82$29,644,358$11,882,886$8,981,219$21,540,288
83$32,620,128$12,417,192$9,234,135$23,355,332
84$35,897,916$12,976,170$9,494,014$25,341,803
85$39,508,480$13,560,979$9,761,040$27,516,664
86$43,485,714$14,172,836$10,035,404$29,898,589
87$47,866,969$14,813,017$10,317,302$32,508,133
88$52,693,401$15,482,856$10,606,933$35,367,923
89$58,010,366$16,183,754$10,904,503$38,502,873
90$63,867,841$16,917,176$11,210,222$41,940,412
91$70,320,902$17,684,659$11,524,306$45,710,739
92$77,430,240$18,487,812$11,846,975$49,847,108
93$85,262,732$19,328,324$12,178,457$54,386,135
94$93,892,080$20,207,960$12,518,984$59,368,144
95$103,399,496$21,128,574$12,868,794$64,837,538
96$113,874,476$22,092,106$13,228,131$70,843,217
97$125,415,645$23,100,591$13,597,245$77,439,037
98$138,131,680$24,156,160$13,976,392$84,684,311
99$152,142,346$25,261,046$14,365,835$92,644,364
100$167,579,618$26,417,590$14,765,844$101,391,149