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%18.1%
1 years$462,443$458,324$454,305$450,382$446,552$431,912
2 years$228,932$224,668$220,536$216,530$212,644$198,034
3 years$151,105$146,823$142,702$138,733$134,910$120,789
4 years$112,200$107,931$103,850$99,949$96,219$82,695
5 years$88,862$84,619$80,592$76,771$73,144$60,253
6 years$73,309$69,098$65,130$61,394$57,876$45,629
7 years$62,204$58,028$54,124$50,475$47,069$35,463
8 years$53,879$49,741$45,901$42,343$39,048$28,076
9 years$47,408$43,308$39,535$36,066$32,884$22,533
10 years$42,233$38,174$34,467$31,090$28,019$18,272
11 years$38,003$33,984$30,344$27,057$24,097$14,937
12 years$34,480$30,502$26,930$23,733$20,882$12,288
13 years$31,501$27,565$24,060$20,953$18,210$10,160
14 years$28,950$25,056$21,618$18,599$15,963$8,435
15 years$26,741$22,889$19,518$16,587$14,055$7,026
16 years$24,810$21,000$17,696$14,852$12,422$5,868
17 years$23,108$19,341$16,103$13,345$11,014$4,912
18 years$21,597$17,872$14,700$12,026$9,793$4,120
19 years$20,247$16,563$13,457$10,867$8,729$3,460
20 years$19,033$15,391$12,350$9,842$7,797$2,910
21 years$17,936$14,336$11,360$8,932$6,977$2,450
22 years$16,940$13,383$10,470$8,121$6,254$2,065
23 years$16,032$12,516$9,667$7,396$5,614$1,741
24 years$15,201$11,727$8,940$6,746$5,046$1,469
25 years$14,438$11,005$8,280$6,161$4,541$1,241
26 years$13,734$10,343$7,680$5,633$4,090$1,048
27 years$13,084$9,734$7,131$5,156$3,687$886
28 years$12,481$9,172$6,629$4,724$3,327$749
29 years$11,921$8,653$6,169$4,332$3,004$633
30 years$11,399$8,172$5,746$3,976$2,715$535
31 years$10,912$7,725$5,357$3,651$2,454$453
32 years$10,456$7,310$4,998$3,356$2,220$383
33 years$10,029$6,922$4,667$3,086$2,009$324
34 years$9,627$6,561$4,361$2,839$1,819$274
35 years$9,250$6,223$4,077$2,614$1,648$232
36 years$8,894$5,906$3,814$2,407$1,493$196
37 years$8,558$5,610$3,570$2,218$1,353$166
38 years$8,241$5,331$3,343$2,044$1,227$141
39 years$7,941$5,069$3,132$1,885$1,112$119
40 years$7,656$4,823$2,936$1,739$1,009$101
41 years$7,386$4,591$2,753$1,604$915$85
42 years$7,130$4,372$2,582$1,480$831$72
43 years$6,886$4,166$2,423$1,367$754$61
44 years$6,654$3,971$2,274$1,262$684$52
45 years$6,432$3,787$2,135$1,165$621$44
46 years$6,221$3,613$2,006$1,076$564$37
47 years$6,020$3,447$1,884$994$512$31
48 years$5,828$3,291$1,771$919$465$27
49 years$5,644$3,143$1,664$849$422$23
50 years$5,468$3,002$1,565$785$384$19

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 $4,523 every year, while hoping to spend $55,344 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: 41/29/30 Blend
64$5,600,000$5,600,000$5,600,000$5,600,000
65$6,175,865$5,879,065$5,792,265$6,374,434
66$6,746,918$6,108,254$5,927,421$6,748,273
67$7,374,363$6,346,818$6,065,249$7,147,195
68$8,063,895$6,595,158$6,205,781$7,577,985
69$8,821,784$6,853,694$6,349,047$8,043,613
70$9,654,943$7,122,862$6,495,077$8,547,346
71$10,570,984$7,403,119$6,643,899$9,092,770
72$11,578,296$7,694,942$6,795,541$9,683,828
73$12,686,119$7,998,831$6,950,028$10,324,857
74$13,904,635$8,315,306$7,107,386$11,020,623
75$15,245,062$8,644,911$7,267,638$11,776,367
76$16,719,761$8,988,214$7,430,807$12,597,855
77$18,342,350$9,345,810$7,596,912$13,491,425
78$20,127,834$9,718,319$7,765,973$14,464,053
79$22,092,746$10,106,389$7,938,006$15,523,411
80$24,255,303$10,510,699$8,113,026$16,677,941
81$26,635,578$10,931,957$8,291,046$17,936,932
82$29,255,686$11,370,903$8,472,076$19,310,605
83$32,140,000$11,828,310$8,656,123$20,810,209
84$35,315,370$12,304,988$8,843,194$22,448,124
85$38,811,387$12,801,781$9,033,290$24,237,977
86$42,660,653$13,319,574$9,226,410$26,194,768
87$46,899,096$13,859,289$9,422,551$28,335,009
88$51,566,302$14,421,893$9,621,705$30,676,879
89$56,705,894$15,008,394$9,823,861$33,240,389
90$62,365,938$15,619,848$10,029,003$36,047,576
91$68,599,402$16,257,359$10,237,113$39,122,699
92$75,464,652$16,922,081$10,448,167$42,492,475
93$83,026,003$17,615,219$10,662,137$46,186,320
94$91,354,326$18,338,036$10,878,990$50,236,629
95$100,527,718$19,091,850$11,098,687$54,679,078
96$110,632,236$19,878,042$11,321,184$59,552,955
97$121,762,712$20,698,054$11,546,431$64,901,531
98$134,023,645$21,553,395$11,774,373$70,772,463
99$147,530,189$22,445,643$12,004,947$77,218,241
100$162,409,238$23,376,450$12,238,083$84,296,679