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%13.3%
1 years$462,443$458,324$454,305$450,382$446,552$440,424
2 years$228,932$224,668$220,536$216,530$212,644$206,481
3 years$151,105$146,823$142,702$138,733$134,910$128,904
4 years$112,200$107,931$103,850$99,949$96,219$90,416
5 years$88,862$84,619$80,592$76,771$73,144$67,560
6 years$73,309$69,098$65,130$61,394$57,876$52,519
7 years$62,204$58,028$54,124$50,475$47,069$41,940
8 years$53,879$49,741$45,901$42,343$39,048$34,147
9 years$47,408$43,308$39,535$36,066$32,884$28,208
10 years$42,233$38,174$34,467$31,090$28,019$23,565
11 years$38,003$33,984$30,344$27,057$24,097$19,861
12 years$34,480$30,502$26,930$23,733$20,882$16,858
13 years$31,501$27,565$24,060$20,953$18,210$14,393
14 years$28,950$25,056$21,618$18,599$15,963$12,347
15 years$26,741$22,889$19,518$16,587$14,055$10,635
16 years$24,810$21,000$17,696$14,852$12,422$9,191
17 years$23,108$19,341$16,103$13,345$11,014$7,965
18 years$21,597$17,872$14,700$12,026$9,793$6,920
19 years$20,247$16,563$13,457$10,867$8,729$6,024
20 years$19,033$15,391$12,350$9,842$7,797$5,253
21 years$17,936$14,336$11,360$8,932$6,977$4,588
22 years$16,940$13,383$10,470$8,121$6,254$4,013
23 years$16,032$12,516$9,667$7,396$5,614$3,513
24 years$15,201$11,727$8,940$6,746$5,046$3,079
25 years$14,438$11,005$8,280$6,161$4,541$2,701
26 years$13,734$10,343$7,680$5,633$4,090$2,371
27 years$13,084$9,734$7,131$5,156$3,687$2,083
28 years$12,481$9,172$6,629$4,724$3,327$1,831
29 years$11,921$8,653$6,169$4,332$3,004$1,610
30 years$11,399$8,172$5,746$3,976$2,715$1,416
31 years$10,912$7,725$5,357$3,651$2,454$1,247
32 years$10,456$7,310$4,998$3,356$2,220$1,098
33 years$10,029$6,922$4,667$3,086$2,009$967
34 years$9,627$6,561$4,361$2,839$1,819$851
35 years$9,250$6,223$4,077$2,614$1,648$750
36 years$8,894$5,906$3,814$2,407$1,493$661
37 years$8,558$5,610$3,570$2,218$1,353$583
38 years$8,241$5,331$3,343$2,044$1,227$514
39 years$7,941$5,069$3,132$1,885$1,112$453
40 years$7,656$4,823$2,936$1,739$1,009$399
41 years$7,386$4,591$2,753$1,604$915$352
42 years$7,130$4,372$2,582$1,480$831$311
43 years$6,886$4,166$2,423$1,367$754$274
44 years$6,654$3,971$2,274$1,262$684$242
45 years$6,432$3,787$2,135$1,165$621$213
46 years$6,221$3,613$2,006$1,076$564$188
47 years$6,020$3,447$1,884$994$512$166
48 years$5,828$3,291$1,771$919$465$146
49 years$5,644$3,143$1,664$849$422$129
50 years$5,468$3,002$1,565$785$384$114

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 $4,913 every year, while hoping to spend $51,271 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: 43/33/24 Blend
64$5,600,000$5,600,000$5,600,000$5,600,000
65$6,176,268$5,879,468$5,792,668$6,398,450
66$6,751,695$6,113,010$5,932,170$6,790,628
67$7,384,098$6,356,277$6,074,628$7,209,962
68$8,079,233$6,609,692$6,220,085$7,663,283
69$8,843,443$6,873,695$6,368,586$8,153,761
70$9,683,717$7,148,749$6,520,177$8,684,877
71$10,607,754$7,435,335$6,674,900$9,260,459
72$11,624,036$7,733,958$6,832,800$9,884,710
73$12,741,909$8,045,143$6,993,920$10,562,254
74$13,971,669$8,369,441$7,158,303$11,298,169
75$15,324,663$8,707,427$7,325,989$12,098,042
76$16,813,391$9,059,703$7,497,022$12,968,016
77$18,451,626$9,426,897$7,671,441$13,914,844
78$20,254,543$9,809,667$7,849,286$14,945,955
79$22,238,865$10,208,699$8,030,596$16,069,521
80$24,423,017$10,624,713$8,215,408$17,294,530
81$26,827,299$11,058,458$8,403,758$18,630,871
82$29,474,081$11,510,720$8,595,682$20,089,426
83$32,388,013$11,982,321$8,791,213$21,682,167
84$35,596,254$12,474,119$8,990,383$23,422,271
85$39,128,733$12,987,012$9,193,221$25,324,236
86$43,018,427$13,521,938$9,399,758$27,404,022
87$47,301,675$14,079,882$9,610,018$29,679,195
88$52,018,518$14,661,868$9,824,026$32,169,092
89$57,213,079$15,268,972$10,041,803$34,894,996
90$62,933,979$15,902,317$10,263,369$37,880,343
91$69,234,793$16,563,079$10,488,740$41,150,930
92$76,174,559$17,252,487$10,717,930$44,735,162
93$83,818,332$17,971,827$10,950,949$48,664,315
94$92,237,801$18,722,445$11,187,804$52,972,825
95$101,511,960$19,505,748$11,428,499$57,698,615
96$111,727,859$20,323,209$11,673,033$62,883,443
97$122,981,423$21,176,369$11,921,402$68,573,297
98$135,378,356$22,066,839$12,173,597$74,818,822
99$149,035,140$22,996,306$12,429,604$81,675,795
100$164,080,134$23,966,535$12,689,406$89,205,647