Can I retire at age 65 with 5,700,000?

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 $5,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$470,701$466,508$462,417$458,425$454,526$437,356
2 years$233,020$228,680$224,474$220,396$216,441$199,342
3 years$153,804$149,445$145,250$141,210$137,319$120,829
4 years$114,203$109,858$105,705$101,734$97,937$82,181
5 years$90,449$86,130$82,031$78,141$74,450$59,470
6 years$74,618$70,332$66,293$62,490$58,910$44,715
7 years$63,315$59,064$55,090$51,377$47,910$34,496
8 years$54,841$50,629$46,721$43,099$39,746$27,101
9 years$48,254$44,082$40,241$36,711$33,472$21,578
10 years$42,987$38,856$35,083$31,645$28,519$17,355
11 years$38,681$34,591$30,886$27,540$24,528$14,067
12 years$35,095$31,047$27,411$24,157$21,255$11,473
13 years$32,063$28,058$24,490$21,327$18,535$9,402
14 years$29,467$25,504$22,004$18,931$16,248$7,735
15 years$27,218$23,298$19,867$16,884$14,306$6,384
16 years$25,253$21,375$18,012$15,117$12,643$5,282
17 years$23,521$19,686$16,390$13,583$11,210$4,379
18 years$21,983$18,191$14,962$12,241$9,968$3,637
19 years$20,608$16,859$13,697$11,061$8,885$3,025
20 years$19,372$15,666$12,571$10,018$7,936$2,519
21 years$18,256$14,592$11,563$9,092$7,102$2,100
22 years$17,242$13,621$10,657$8,266$6,366$1,752
23 years$16,318$12,740$9,840$7,528$5,714$1,462
24 years$15,472$11,936$9,100$6,866$5,136$1,221
25 years$14,695$11,202$8,428$6,271$4,622$1,020
26 years$13,979$10,528$7,817$5,734$4,163$853
27 years$13,318$9,908$7,259$5,248$3,753$713
28 years$12,704$9,336$6,748$4,808$3,387$596
29 years$12,134$8,808$6,279$4,409$3,058$499
30 years$11,603$8,318$5,849$4,047$2,763$417
31 years$11,107$7,863$5,453$3,717$2,498$349
32 years$10,643$7,440$5,088$3,416$2,260$292
33 years$10,208$7,046$4,750$3,141$2,045$245
34 years$9,799$6,678$4,438$2,890$1,852$205
35 years$9,415$6,334$4,150$2,660$1,677$172
36 years$9,053$6,012$3,882$2,450$1,520$144
37 years$8,711$5,710$3,633$2,257$1,377$120
38 years$8,388$5,426$3,403$2,081$1,249$101
39 years$8,082$5,160$3,188$1,919$1,132$84
40 years$7,793$4,909$2,988$1,770$1,027$71
41 years$7,518$4,673$2,802$1,633$932$59
42 years$7,257$4,451$2,628$1,507$845$50
43 years$7,009$4,241$2,466$1,391$767$41
44 years$6,772$4,042$2,315$1,284$696$35
45 years$6,547$3,855$2,174$1,186$632$29
46 years$6,333$3,677$2,042$1,096$574$24
47 years$6,128$3,509$1,918$1,012$521$20
48 years$5,932$3,350$1,802$935$473$17
49 years$5,744$3,199$1,694$864$430$14
50 years$5,565$3,056$1,593$799$391$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $5,700,000, adding $5,414 every year, while hoping to spend $29,607 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: 43/34/23 Blend
64$5,700,000$5,700,000$5,700,000$5,700,000
65$6,286,985$5,984,885$5,896,535$6,514,974
66$6,896,755$6,246,642$6,062,567$6,939,276
67$7,567,730$6,520,234$6,233,169$7,395,424
68$8,306,122$6,806,208$6,408,463$7,889,051
69$9,118,773$7,105,139$6,588,573$8,423,636
70$10,013,225$7,417,628$6,773,628$9,002,996
71$10,997,788$7,744,306$6,963,758$9,631,326
72$12,081,618$8,085,833$7,159,100$10,313,231
73$13,274,804$8,442,899$7,359,790$11,053,772
74$14,588,461$8,816,228$7,565,970$11,858,508
75$16,034,840$9,206,579$7,777,786$12,733,548
76$17,627,437$9,614,745$7,995,386$13,685,606
77$19,381,127$10,041,559$8,218,922$14,722,065
78$21,312,297$10,487,890$8,448,551$15,851,037
79$23,439,006$10,954,652$8,684,433$17,081,443
80$25,781,155$11,442,800$8,926,731$18,423,094
81$28,360,671$11,953,336$9,175,615$19,886,776
82$31,201,718$12,487,308$9,431,257$21,484,356
83$34,330,922$13,045,814$9,693,832$23,228,884
84$37,777,623$13,630,006$9,963,523$25,134,718
85$41,574,153$14,241,090$10,240,514$27,217,651
86$45,756,141$14,880,327$10,524,995$29,495,063
87$50,362,847$15,549,043$10,817,162$31,986,076
88$55,437,533$16,248,622$11,117,213$34,711,732
89$61,027,874$16,980,517$11,425,352$37,695,189
90$67,186,405$17,746,250$11,741,789$40,961,933
91$73,971,017$18,547,415$12,066,738$44,540,018
92$81,445,505$19,385,682$12,400,418$48,460,319
93$89,680,168$20,262,802$12,743,053$52,756,828
94$98,752,475$21,180,609$13,094,875$57,466,963
95$108,747,792$22,141,023$13,456,118$62,631,915
96$119,760,192$23,146,058$13,827,023$68,297,039
97$131,893,340$24,197,824$14,207,837$74,512,269
98$145,261,475$25,298,531$14,598,813$81,332,586
99$159,990,482$26,450,496$15,000,210$88,818,530
100$176,219,086$27,656,146$15,412,293$97,036,766