Can I retire at age 65 with 5,600,000?

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 $5,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$462,443$458,324$454,305$450,382$446,552$437,715
2 years$228,932$224,668$220,536$216,530$212,644$203,778
3 years$151,105$146,823$142,702$138,733$134,910$126,292
4 years$112,200$107,931$103,850$99,949$96,219$87,915
5 years$88,862$84,619$80,592$76,771$73,144$65,178
6 years$73,309$69,098$65,130$61,394$57,876$50,256
7 years$62,204$58,028$54,124$50,475$47,069$39,797
8 years$53,879$49,741$45,901$42,343$39,048$32,122
9 years$47,408$43,308$39,535$36,066$32,884$26,300
10 years$42,233$38,174$34,467$31,090$28,019$21,770
11 years$38,003$33,984$30,344$27,057$24,097$18,176
12 years$34,480$30,502$26,930$23,733$20,882$15,280
13 years$31,501$27,565$24,060$20,953$18,210$12,917
14 years$28,950$25,056$21,618$18,599$15,963$10,970
15 years$26,741$22,889$19,518$16,587$14,055$9,352
16 years$24,810$21,000$17,696$14,852$12,422$7,997
17 years$23,108$19,341$16,103$13,345$11,014$6,857
18 years$21,597$17,872$14,700$12,026$9,793$5,893
19 years$20,247$16,563$13,457$10,867$8,729$5,073
20 years$19,033$15,391$12,350$9,842$7,797$4,375
21 years$17,936$14,336$11,360$8,932$6,977$3,778
22 years$16,940$13,383$10,470$8,121$6,254$3,267
23 years$16,032$12,516$9,667$7,396$5,614$2,827
24 years$15,201$11,727$8,940$6,746$5,046$2,449
25 years$14,438$11,005$8,280$6,161$4,541$2,123
26 years$13,734$10,343$7,680$5,633$4,090$1,841
27 years$13,084$9,734$7,131$5,156$3,687$1,598
28 years$12,481$9,172$6,629$4,724$3,327$1,388
29 years$11,921$8,653$6,169$4,332$3,004$1,205
30 years$11,399$8,172$5,746$3,976$2,715$1,048
31 years$10,912$7,725$5,357$3,651$2,454$911
32 years$10,456$7,310$4,998$3,356$2,220$792
33 years$10,029$6,922$4,667$3,086$2,009$689
34 years$9,627$6,561$4,361$2,839$1,819$599
35 years$9,250$6,223$4,077$2,614$1,648$521
36 years$8,894$5,906$3,814$2,407$1,493$453
37 years$8,558$5,610$3,570$2,218$1,353$395
38 years$8,241$5,331$3,343$2,044$1,227$344
39 years$7,941$5,069$3,132$1,885$1,112$299
40 years$7,656$4,823$2,936$1,739$1,009$260
41 years$7,386$4,591$2,753$1,604$915$227
42 years$7,130$4,372$2,582$1,480$831$197
43 years$6,886$4,166$2,423$1,367$754$172
44 years$6,654$3,971$2,274$1,262$684$150
45 years$6,432$3,787$2,135$1,165$621$130
46 years$6,221$3,613$2,006$1,076$564$113
47 years$6,020$3,447$1,884$994$512$99
48 years$5,828$3,291$1,771$919$465$86
49 years$5,644$3,143$1,664$849$422$75
50 years$5,468$3,002$1,565$785$384$65

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $5,600,000, adding $5,089 every year, while hoping to spend $31,789 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: 72/14/14 Blend
64$5,600,000$5,600,000$5,600,000$5,600,000
65$6,176,449$5,879,649$5,792,849$6,601,848
66$6,772,624$6,133,929$5,953,087$7,138,726
67$7,428,543$6,399,603$6,117,626$7,722,073
68$8,150,267$6,677,196$6,286,579$8,360,024
69$8,944,472$6,967,257$6,460,058$9,057,974
70$9,818,518$7,270,362$6,638,179$9,821,863
71$10,780,510$7,587,113$6,821,062$10,658,228
72$11,839,381$7,918,140$7,008,826$11,574,266
73$13,004,974$8,264,105$7,201,598$12,577,904
74$14,288,133$8,625,698$7,399,503$13,677,865
75$15,700,809$9,003,644$7,602,673$14,883,756
76$17,256,170$9,398,701$7,811,241$16,206,157
77$18,968,724$9,811,662$8,025,343$17,656,716
78$20,854,461$10,243,360$8,245,118$19,248,260
79$22,930,997$10,694,666$8,470,710$20,994,918
80$25,217,745$11,166,490$8,702,266$22,912,247
81$27,736,096$11,659,790$8,939,933$25,017,381
82$30,509,623$12,175,565$9,183,866$27,329,194
83$33,564,300$12,714,862$9,434,220$29,868,470
84$36,928,748$13,278,781$9,691,157$32,658,105
85$40,634,508$13,868,469$9,954,838$35,723,315
86$44,716,335$14,485,131$10,225,433$39,091,879
87$49,212,528$15,130,029$10,503,111$42,794,393
88$54,165,288$15,804,483$10,788,048$46,864,563
89$59,621,123$16,509,877$11,080,422$51,339,517
90$65,631,278$17,247,662$11,380,417$56,260,156
91$72,252,226$18,019,355$11,688,219$61,671,539
92$79,546,197$18,826,548$12,004,018$67,623,301
93$87,581,767$19,670,907$12,328,011$74,170,128
94$96,434,504$20,554,177$12,660,396$81,372,262
95$106,187,681$21,478,190$13,001,376$89,296,076
96$116,933,063$22,444,859$13,351,161$98,014,690
97$128,771,772$23,456,195$13,709,962$107,608,664
98$141,815,243$24,514,299$14,077,996$118,166,757
99$156,186,274$25,621,375$14,455,485$129,786,756
100$172,020,185$26,779,734$14,842,655$142,576,403