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%16.2%
1 years$445,927$441,955$438,080$434,297$430,604$419,683
2 years$220,756$216,645$212,660$208,797$205,049$194,118
3 years$145,709$141,580$137,605$133,778$130,092$119,491
4 years$108,192$104,076$100,141$96,380$92,783$82,595
5 years$85,689$81,597$77,714$74,029$70,532$60,785
6 years$70,691$66,630$62,804$59,201$55,809$46,513
7 years$59,983$55,956$52,191$48,673$45,388$36,543
8 years$51,955$47,964$44,262$40,830$37,654$29,256
9 years$45,714$41,762$38,123$34,778$31,710$23,752
10 years$40,725$36,811$33,236$29,979$27,018$19,492
11 years$36,645$32,771$29,261$26,091$23,237$16,130
12 years$33,248$29,413$25,968$22,885$20,136$13,436
13 years$30,376$26,581$23,201$20,204$17,559$11,253
14 years$27,916$24,161$20,846$17,935$15,392$9,466
15 years$25,786$22,072$18,821$15,995$13,553$7,991
16 years$23,924$20,250$17,064$14,322$11,978$6,766
17 years$22,283$18,650$15,528$12,868$10,620$5,743
18 years$20,826$17,233$14,175$11,597$9,443$4,885
19 years$19,523$15,972$12,976$10,479$8,417$4,162
20 years$18,353$14,842$11,909$9,490$7,518$3,552
21 years$17,295$13,824$10,954$8,613$6,728$3,034
22 years$16,335$12,905$10,096$7,831$6,031$2,595
23 years$15,459$12,069$9,322$7,132$5,413$2,222
24 years$14,658$11,308$8,621$6,505$4,866$1,903
25 years$13,922$10,612$7,985$5,941$4,378$1,631
26 years$13,244$9,974$7,405$5,432$3,944$1,399
27 years$12,617$9,386$6,877$4,972$3,556$1,201
28 years$12,035$8,845$6,393$4,555$3,208$1,031
29 years$11,495$8,344$5,949$4,177$2,897$885
30 years$10,992$7,880$5,541$3,834$2,618$760
31 years$10,522$7,449$5,166$3,521$2,367$653
32 years$10,083$7,049$4,820$3,236$2,141$562
33 years$9,671$6,675$4,500$2,976$1,937$483
34 years$9,284$6,326$4,205$2,738$1,754$415
35 years$8,920$6,001$3,931$2,520$1,589$357
36 years$8,576$5,695$3,678$2,321$1,440$307
37 years$8,253$5,409$3,442$2,139$1,305$264
38 years$7,947$5,141$3,223$1,971$1,183$227
39 years$7,657$4,888$3,020$1,818$1,073$195
40 years$7,383$4,651$2,831$1,676$973$168
41 years$7,122$4,427$2,654$1,547$883$145
42 years$6,875$4,216$2,490$1,427$801$124
43 years$6,640$4,017$2,336$1,318$727$107
44 years$6,416$3,829$2,193$1,217$660$92
45 years$6,203$3,652$2,059$1,124$599$79
46 years$5,999$3,484$1,934$1,038$544$68
47 years$5,805$3,324$1,817$959$494$59
48 years$5,619$3,174$1,707$886$448$50
49 years$5,442$3,031$1,605$819$407$43
50 years$5,272$2,895$1,509$757$370$37

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 $3,013 every year, while hoping to spend $45,665 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: 38/37/25 Blend
64$5,400,000$5,400,000$5,400,000$5,400,000
65$5,953,908$5,667,708$5,584,008$6,135,631
66$6,512,619$5,896,838$5,722,485$6,497,682
67$7,126,789$6,135,666$5,864,071$6,884,250
68$7,802,025$6,384,617$6,008,820$7,301,140
69$8,544,507$6,644,138$6,156,791$7,751,128
70$9,361,042$6,914,697$6,308,039$8,237,260
71$10,259,131$7,196,779$6,462,621$8,762,882
72$11,247,037$7,490,897$6,620,594$9,331,667
73$12,333,867$7,797,583$6,782,016$9,947,650
74$13,529,652$8,117,395$6,946,944$10,615,263
75$14,845,446$8,450,917$7,115,436$11,339,376
76$16,293,427$8,798,757$7,287,549$12,125,342
77$17,887,015$9,161,555$7,463,340$12,979,042
78$19,640,997$9,539,977$7,642,868$13,906,942
79$21,571,663$9,934,721$7,826,190$14,916,151
80$23,696,968$10,346,517$8,013,362$16,014,484
81$26,036,691$10,776,129$8,204,442$17,210,536
82$28,612,628$11,224,354$8,399,485$18,513,758
83$31,448,798$11,692,029$8,598,549$19,934,548
84$34,571,663$12,180,027$8,801,689$21,484,342
85$38,010,387$12,689,261$9,008,959$23,175,719
86$41,797,100$13,220,690$9,220,414$25,022,521
87$45,967,213$13,775,312$9,436,106$27,039,978
88$50,559,742$14,354,175$9,656,089$29,244,849
89$55,617,681$14,958,375$9,880,413$31,655,577
90$61,188,406$15,589,057$10,109,128$34,292,459
91$67,324,123$16,247,421$10,342,284$37,177,834
92$74,082,361$16,934,721$10,579,927$40,336,294
93$81,526,510$17,652,271$10,822,104$43,794,904
94$89,726,427$18,401,445$11,068,857$47,583,464
95$98,759,088$19,183,682$11,320,229$51,734,777
96$108,709,318$20,000,485$11,576,260$56,284,959
97$119,670,592$20,853,432$11,836,988$61,273,775
98$131,745,912$21,744,170$12,102,446$66,745,007
99$145,048,785$22,674,425$12,372,669$72,746,867
100$159,704,293$23,646,003$12,647,685$79,332,441