Can I retire at age 65 with 5,500,000?

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 $5,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$454,185$450,139$446,192$442,340$438,578$424,369
2 years$224,844$220,656$216,598$212,663$208,847$194,665
3 years$148,407$144,201$140,153$136,255$132,501$118,791
4 years$110,196$106,003$101,996$98,164$94,501$81,368
5 years$87,275$83,108$79,153$75,400$71,838$59,317
6 years$72,000$67,864$63,967$60,298$56,843$44,945
7 years$61,093$56,992$53,157$49,574$46,229$34,952
8 years$52,917$48,853$45,081$41,586$38,351$27,688
9 years$46,561$42,535$38,829$35,422$32,297$22,235
10 years$41,479$37,493$33,852$30,534$27,519$18,042
11 years$37,324$33,377$29,802$26,574$23,667$14,758
12 years$33,864$29,958$26,449$23,309$20,509$12,149
13 years$30,938$27,073$23,630$20,578$17,885$10,052
14 years$28,433$24,609$21,232$18,267$15,677$8,351
15 years$26,263$22,480$19,170$16,291$13,804$6,961
16 years$24,367$20,625$17,380$14,587$12,200$5,818
17 years$22,696$18,995$15,815$13,106$10,817$4,874
18 years$21,211$17,552$14,437$11,811$9,618$4,091
19 years$19,885$16,267$13,217$10,673$8,573$3,439
20 years$18,693$15,116$12,130$9,666$7,657$2,894
21 years$17,615$14,080$11,157$8,773$6,853$2,439
22 years$16,637$13,144$10,283$7,976$6,142$2,057
23 years$15,746$12,293$9,494$7,264$5,514$1,736
24 years$14,930$11,518$8,781$6,625$4,956$1,466
25 years$14,180$10,809$8,133$6,051$4,459$1,239
26 years$13,489$10,158$7,543$5,532$4,017$1,047
27 years$12,850$9,560$7,004$5,064$3,622$886
28 years$12,258$9,009$6,511$4,640$3,268$749
29 years$11,708$8,499$6,059$4,255$2,951$634
30 years$11,196$8,026$5,644$3,905$2,666$537
31 years$10,717$7,587$5,262$3,586$2,411$454
32 years$10,269$7,179$4,909$3,296$2,180$385
33 years$9,850$6,799$4,584$3,031$1,973$326
34 years$9,456$6,444$4,283$2,789$1,787$276
35 years$9,085$6,112$4,004$2,567$1,618$234
36 years$8,735$5,801$3,746$2,364$1,466$198
37 years$8,405$5,510$3,506$2,178$1,329$168
38 years$8,094$5,236$3,283$2,008$1,205$142
39 years$7,799$4,979$3,076$1,851$1,092$120
40 years$7,519$4,737$2,883$1,708$991$102
41 years$7,254$4,509$2,703$1,575$899$86
42 years$7,002$4,294$2,536$1,454$816$73
43 years$6,763$4,092$2,380$1,342$740$62
44 years$6,535$3,900$2,234$1,239$672$53
45 years$6,318$3,719$2,097$1,144$610$45
46 years$6,110$3,548$1,970$1,057$554$38
47 years$5,913$3,386$1,851$977$503$32
48 years$5,724$3,232$1,739$902$457$27
49 years$5,543$3,087$1,635$834$415$23
50 years$5,370$2,949$1,537$771$377$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $5,500,000, adding $2,987 every year, while hoping to spend $46,741 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: 55/38/7 Blend
64$5,500,000$5,500,000$5,500,000$5,500,000
65$6,064,081$5,772,581$5,687,331$6,387,718
66$6,632,885$6,005,706$5,828,125$6,839,654
67$7,258,141$6,248,686$5,972,068$7,326,013
68$7,945,557$6,501,958$6,119,218$7,854,385
69$8,701,422$6,765,972$6,269,630$8,428,767
70$9,532,667$7,041,204$6,423,362$9,053,551
71$10,446,925$7,328,149$6,580,471$9,733,567
72$11,452,607$7,627,325$6,741,013$10,474,125
73$12,558,983$7,939,273$6,905,047$11,281,060
74$13,776,262$8,264,561$7,072,629$12,160,793
75$15,115,697$8,603,780$7,243,818$13,120,383
76$16,589,682$8,957,550$7,418,670$14,167,595
77$18,211,878$9,326,518$7,597,244$15,310,969
78$19,997,335$9,711,362$7,779,596$16,559,903
79$21,962,635$10,112,791$7,965,785$17,924,734
80$24,126,051$10,531,545$8,155,866$19,416,837
81$26,507,717$10,968,400$8,349,897$21,048,727
82$29,129,819$11,424,166$8,547,933$22,834,180
83$32,016,802$11,899,692$8,750,030$24,788,353
84$35,195,604$12,395,864$8,956,244$26,927,932
85$38,695,905$12,913,611$9,166,627$29,271,280
86$42,550,413$13,453,904$9,381,235$31,838,612
87$46,795,168$14,017,758$9,600,119$34,652,182
88$51,469,883$14,606,236$9,823,331$37,736,485
89$56,618,320$15,220,450$10,050,922$41,118,495
90$62,288,700$15,861,564$10,282,939$44,827,905
91$68,534,161$16,530,795$10,519,432$48,897,411
92$75,413,258$17,229,416$10,760,445$53,363,014
93$82,990,514$17,958,762$11,006,024$58,264,358
94$91,337,032$18,720,225$11,256,210$63,645,095
95$100,531,160$19,515,268$11,511,045$69,553,300
96$110,659,239$20,345,416$11,770,565$76,041,914
97$121,816,410$21,212,270$12,034,807$83,169,243
98$134,107,514$22,117,503$12,303,804$90,999,502
99$147,648,086$23,062,865$12,577,587$99,603,415
100$162,565,436$24,050,191$12,856,181$109,058,879