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

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 $5,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$454,185$450,139$446,192$442,340$438,578$428,323
2 years$224,844$220,656$216,598$212,663$208,847$198,574
3 years$148,407$144,201$140,153$136,255$132,501$122,530
4 years$110,196$106,003$101,996$98,164$94,501$84,910
5 years$87,275$83,108$79,153$75,400$71,838$62,653
6 years$72,000$67,864$63,967$60,298$56,843$48,073
7 years$61,093$56,992$53,157$49,574$46,229$37,876
8 years$52,917$48,853$45,081$41,586$38,351$30,412
9 years$46,561$42,535$38,829$35,422$32,297$24,765
10 years$41,479$37,493$33,852$30,534$27,519$20,386
11 years$37,324$33,377$29,802$26,574$23,667$16,924
12 years$33,864$29,958$26,449$23,309$20,509$14,144
13 years$30,938$27,073$23,630$20,578$17,885$11,886
14 years$28,433$24,609$21,232$18,267$15,677$10,032
15 years$26,263$22,480$19,170$16,291$13,804$8,499
16 years$24,367$20,625$17,380$14,587$12,200$7,222
17 years$22,696$18,995$15,815$13,106$10,817$6,152
18 years$21,211$17,552$14,437$11,811$9,618$5,252
19 years$19,885$16,267$13,217$10,673$8,573$4,492
20 years$18,693$15,116$12,130$9,666$7,657$3,847
21 years$17,615$14,080$11,157$8,773$6,853$3,300
22 years$16,637$13,144$10,283$7,976$6,142$2,833
23 years$15,746$12,293$9,494$7,264$5,514$2,435
24 years$14,930$11,518$8,781$6,625$4,956$2,094
25 years$14,180$10,809$8,133$6,051$4,459$1,802
26 years$13,489$10,158$7,543$5,532$4,017$1,552
27 years$12,850$9,560$7,004$5,064$3,622$1,337
28 years$12,258$9,009$6,511$4,640$3,268$1,153
29 years$11,708$8,499$6,059$4,255$2,951$994
30 years$11,196$8,026$5,644$3,905$2,666$857
31 years$10,717$7,587$5,262$3,586$2,411$740
32 years$10,269$7,179$4,909$3,296$2,180$638
33 years$9,850$6,799$4,584$3,031$1,973$551
34 years$9,456$6,444$4,283$2,789$1,787$476
35 years$9,085$6,112$4,004$2,567$1,618$411
36 years$8,735$5,801$3,746$2,364$1,466$355
37 years$8,405$5,510$3,506$2,178$1,329$306
38 years$8,094$5,236$3,283$2,008$1,205$265
39 years$7,799$4,979$3,076$1,851$1,092$229
40 years$7,519$4,737$2,883$1,708$991$198
41 years$7,254$4,509$2,703$1,575$899$171
42 years$7,002$4,294$2,536$1,454$816$147
43 years$6,763$4,092$2,380$1,342$740$127
44 years$6,535$3,900$2,234$1,239$672$110
45 years$6,318$3,719$2,097$1,144$610$95
46 years$6,110$3,548$1,970$1,057$554$82
47 years$5,913$3,386$1,851$977$503$71
48 years$5,724$3,232$1,739$902$457$61
49 years$5,543$3,087$1,635$834$415$53
50 years$5,370$2,949$1,537$771$377$46

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 $4,775 every year, while hoping to spend $38,442 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: 45/43/12 Blend
64$5,500,000$5,500,000$5,500,000$5,500,000
65$6,065,925$5,774,425$5,689,175$6,317,984
66$6,643,748$6,016,470$5,838,861$6,735,523
67$7,279,220$6,269,087$5,992,272$7,183,719
68$7,978,181$6,532,753$6,149,494$7,668,858
69$8,747,065$6,807,967$6,310,612$8,194,368
70$9,592,961$7,095,253$6,475,713$8,764,010
71$10,523,680$7,395,158$6,644,886$9,381,917
72$11,547,828$7,708,253$6,818,223$10,052,623
73$12,674,887$8,035,138$6,995,814$10,781,115
74$13,915,306$8,376,440$7,177,753$11,572,867
75$15,280,596$8,732,814$7,364,137$12,433,897
76$16,783,442$9,104,947$7,555,061$13,370,815
77$18,437,821$9,493,558$7,750,624$14,390,891
78$20,259,135$9,899,399$7,950,926$15,502,114
79$22,264,354$10,323,256$8,156,069$16,713,266
80$24,472,177$10,765,955$8,366,156$18,034,005
81$26,903,208$11,228,356$8,581,292$19,474,951
82$29,580,154$11,711,364$8,801,583$21,047,785
83$32,528,031$12,215,922$9,027,138$22,765,352
84$35,774,410$12,743,022$9,258,066$24,641,784
85$39,349,667$13,293,697$9,494,479$26,692,627
86$43,287,277$13,869,033$9,736,488$28,934,984
87$47,624,129$14,470,165$9,984,210$31,387,674
88$52,400,868$15,098,280$10,237,759$34,071,403
89$57,662,285$15,754,625$10,497,252$37,008,961
90$63,457,738$16,440,501$10,762,810$40,225,425
91$69,841,614$17,157,273$11,034,551$43,748,397
92$76,873,848$17,906,369$11,312,598$47,608,259
93$84,620,485$18,689,285$11,597,074$51,838,452
94$93,154,302$19,507,587$11,888,104$56,475,788
95$102,555,497$20,362,916$12,185,812$61,560,793
96$112,912,448$21,256,989$12,490,326$67,138,085
97$124,322,540$22,191,604$12,801,775$73,256,785
98$136,893,093$23,168,646$13,120,288$79,970,977
99$150,742,365$24,190,087$13,445,995$87,340,214
100$166,000,679$25,257,993$13,779,028$95,430,069