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%18.8%
1 years$454,185$450,139$446,192$442,340$438,578$423,017
2 years$224,844$220,656$216,598$212,663$208,847$193,335
3 years$148,407$144,201$140,153$136,255$132,501$117,526
4 years$110,196$106,003$101,996$98,164$94,501$80,177
5 years$87,275$83,108$79,153$75,400$71,838$58,203
6 years$72,000$67,864$63,967$60,298$56,843$43,907
7 years$61,093$56,992$53,157$49,574$46,229$33,989
8 years$52,917$48,853$45,081$41,586$38,351$26,798
9 years$46,561$42,535$38,829$35,422$32,297$21,415
10 years$41,479$37,493$33,852$30,534$27,519$17,290
11 years$37,324$33,377$29,802$26,574$23,667$14,070
12 years$33,864$29,958$26,449$23,309$20,509$11,520
13 years$30,938$27,073$23,630$20,578$17,885$9,480
14 years$28,433$24,609$21,232$18,267$15,677$7,832
15 years$26,263$22,480$19,170$16,291$13,804$6,492
16 years$24,367$20,625$17,380$14,587$12,200$5,395
17 years$22,696$18,995$15,815$13,106$10,817$4,493
18 years$21,211$17,552$14,437$11,811$9,618$3,748
19 years$19,885$16,267$13,217$10,673$8,573$3,132
20 years$18,693$15,116$12,130$9,666$7,657$2,620
21 years$17,615$14,080$11,157$8,773$6,853$2,194
22 years$16,637$13,144$10,283$7,976$6,142$1,839
23 years$15,746$12,293$9,494$7,264$5,514$1,542
24 years$14,930$11,518$8,781$6,625$4,956$1,294
25 years$14,180$10,809$8,133$6,051$4,459$1,086
26 years$13,489$10,158$7,543$5,532$4,017$913
27 years$12,850$9,560$7,004$5,064$3,622$767
28 years$12,258$9,009$6,511$4,640$3,268$644
29 years$11,708$8,499$6,059$4,255$2,951$542
30 years$11,196$8,026$5,644$3,905$2,666$456
31 years$10,717$7,587$5,262$3,586$2,411$383
32 years$10,269$7,179$4,909$3,296$2,180$322
33 years$9,850$6,799$4,584$3,031$1,973$271
34 years$9,456$6,444$4,283$2,789$1,787$228
35 years$9,085$6,112$4,004$2,567$1,618$192
36 years$8,735$5,801$3,746$2,364$1,466$161
37 years$8,405$5,510$3,506$2,178$1,329$136
38 years$8,094$5,236$3,283$2,008$1,205$114
39 years$7,799$4,979$3,076$1,851$1,092$96
40 years$7,519$4,737$2,883$1,708$991$81
41 years$7,254$4,509$2,703$1,575$899$68
42 years$7,002$4,294$2,536$1,454$816$57
43 years$6,763$4,092$2,380$1,342$740$48
44 years$6,535$3,900$2,234$1,239$672$41
45 years$6,318$3,719$2,097$1,144$610$34
46 years$6,110$3,548$1,970$1,057$554$29
47 years$5,913$3,386$1,851$977$503$24
48 years$5,724$3,232$1,739$902$457$20
49 years$5,543$3,087$1,635$834$415$17
50 years$5,370$2,949$1,537$771$377$14

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 $3,353 every year, while hoping to spend $21,475 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: 59/24/17 Blend
64$5,500,000$5,500,000$5,500,000$5,500,000
65$6,064,459$5,772,959$5,687,709$6,395,423
66$6,660,184$6,032,984$5,855,398$6,879,721
67$7,315,954$6,305,032$6,027,984$7,404,958
68$8,037,870$6,589,667$6,205,611$7,977,259
69$8,832,655$6,887,483$6,388,421$8,601,169
70$9,707,719$7,199,103$6,576,566$9,281,689
71$10,671,224$7,525,177$6,770,199$10,024,317
72$11,732,167$7,866,388$6,969,478$10,835,101
73$12,900,459$8,223,452$7,174,567$11,720,696
74$14,187,022$8,597,117$7,385,631$12,688,420
75$15,603,892$8,988,170$7,602,843$13,746,327
76$17,164,331$9,397,432$7,826,381$14,903,277
77$18,882,954$9,825,768$8,056,426$16,169,023
78$20,775,864$10,274,079$8,293,165$17,554,294
79$22,860,806$10,743,313$8,536,790$19,070,901
80$25,157,335$11,234,462$8,787,500$20,731,843
81$27,687,000$11,748,567$9,045,497$22,551,426
82$30,473,543$12,286,717$9,310,991$24,545,400
83$33,543,133$12,850,054$9,584,197$26,731,104
84$36,924,600$13,439,775$9,865,336$29,127,625
85$40,649,720$14,057,134$10,154,635$31,755,975
86$44,753,505$14,703,446$10,452,328$34,639,294
87$49,274,537$15,380,090$10,758,656$37,803,054
88$54,255,334$16,088,509$11,073,865$41,275,308
89$59,742,748$16,830,216$11,398,209$45,086,943
90$65,788,409$17,606,797$11,731,951$49,271,975
91$72,449,213$18,419,917$12,075,357$53,867,859
92$79,787,856$19,271,316$12,428,705$58,915,849
93$87,873,429$20,162,822$12,792,278$64,461,376
94$96,782,067$21,096,349$13,166,368$70,554,474
95$106,597,671$22,073,903$13,551,274$77,250,251
96$117,412,698$23,097,588$13,947,306$84,609,407
97$129,329,032$24,169,609$14,354,780$92,698,793
98$142,458,950$25,292,276$14,774,022$101,592,051
99$156,926,178$26,468,013$15,205,366$111,370,292
100$172,867,059$27,699,357$15,649,158$122,122,866