Can I retire at age 66 with 5,100,000?

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 $5,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$421,153$417,402$413,742$410,169$406,681$391,009
2 years$208,492$204,609$200,846$197,197$193,658$178,055
3 years$137,614$133,714$129,960$126,346$122,864$107,822
4 years$102,182$98,294$94,578$91,025$87,628$73,261
5 years$80,928$77,064$73,396$69,916$66,613$52,959
6 years$66,764$62,928$59,315$55,912$52,709$39,775
7 years$56,650$52,847$49,291$45,969$42,866$30,650
8 years$49,068$45,300$41,803$38,562$35,562$24,051
9 years$43,175$39,442$36,005$32,846$29,948$19,126
10 years$38,462$34,766$31,390$28,314$25,517$15,363
11 years$34,610$30,950$27,635$24,641$21,946$12,437
12 years$31,401$27,779$24,525$21,614$19,018$10,129
13 years$28,688$25,104$21,912$19,082$16,584$8,290
14 years$26,365$22,819$19,688$16,939$14,537$6,811
15 years$24,353$20,846$17,775$15,106$12,800$5,613
16 years$22,595$19,125$16,116$13,526$11,312$4,637
17 years$21,045$17,614$14,665$12,153$10,030$3,839
18 years$19,669$16,276$13,387$10,952$8,919$3,184
19 years$18,439$15,084$12,255$9,896$7,949$2,644
20 years$17,333$14,017$11,247$8,963$7,101$2,198
21 years$16,334$13,056$10,345$8,135$6,354$1,830
22 years$15,427$12,188$9,535$7,396$5,696$1,524
23 years$14,601$11,399$8,804$6,736$5,113$1,270
24 years$13,844$10,680$8,142$6,144$4,595$1,059
25 years$13,149$10,023$7,541$5,611$4,135$883
26 years$12,508$9,420$6,994$5,130$3,725$737
27 years$11,916$8,865$6,495$4,696$3,358$615
28 years$11,367$8,353$6,038$4,302$3,030$514
29 years$10,857$7,881$5,618$3,945$2,736$429
30 years$10,381$7,442$5,233$3,621$2,472$359
31 years$9,938$7,035$4,879$3,325$2,235$300
32 years$9,523$6,657$4,552$3,056$2,022$250
33 years$9,133$6,304$4,250$2,810$1,830$209
34 years$8,768$5,975$3,971$2,586$1,657$175
35 years$8,424$5,667$3,713$2,380$1,501$146
36 years$8,100$5,379$3,473$2,192$1,360$122
37 years$7,794$5,109$3,251$2,020$1,232$102
38 years$7,505$4,855$3,044$1,862$1,117$85
39 years$7,232$4,617$2,852$1,717$1,013$71
40 years$6,973$4,393$2,673$1,583$919$60
41 years$6,727$4,181$2,507$1,461$834$50
42 years$6,493$3,982$2,351$1,348$756$42
43 years$6,271$3,794$2,207$1,245$686$35
44 years$6,060$3,617$2,071$1,149$623$29
45 years$5,858$3,449$1,945$1,061$566$24
46 years$5,666$3,290$1,827$980$514$20
47 years$5,483$3,140$1,716$906$466$17
48 years$5,307$2,997$1,613$837$424$14
49 years$5,140$2,862$1,516$773$385$12
50 years$4,979$2,734$1,425$715$349$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $5,100,000, adding $2,544 every year, while hoping to spend $43,433 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: 29/50/21 Blend
65$5,100,000$5,100,000$5,100,000$5,100,000
66$5,622,824$5,352,524$5,273,474$5,748,709
67$6,150,140$5,568,585$5,403,923$6,061,849
68$6,729,786$5,793,778$5,537,287$6,394,240
69$7,367,055$6,028,504$5,673,616$6,750,692
70$8,067,776$6,273,182$5,812,964$7,133,300
71$8,838,373$6,528,252$5,955,382$7,544,359
72$9,685,923$6,794,172$6,100,923$7,986,382
73$10,618,223$7,071,422$6,249,640$8,462,125
74$11,643,864$7,360,505$6,401,586$8,974,608
75$12,772,313$7,661,944$6,556,813$9,527,143
76$14,013,997$7,976,287$6,715,375$10,123,361
77$15,380,409$8,304,109$6,877,324$10,767,247
78$16,884,209$8,646,010$7,042,713$11,463,175
79$18,539,350$9,002,616$7,211,595$12,215,944
80$20,361,203$9,374,583$7,384,023$13,030,821
81$22,366,707$9,762,599$7,560,049$13,913,590
82$24,574,525$10,167,380$7,739,724$14,870,606
83$27,005,222$10,589,677$7,923,101$15,908,844
84$29,681,459$11,030,276$8,110,230$17,035,969
85$32,628,207$11,489,998$8,301,161$18,260,405
86$35,872,978$11,969,703$8,495,944$19,591,404
87$39,446,093$12,470,288$8,694,629$21,039,139
88$43,380,958$12,992,696$8,897,262$22,614,790
89$47,714,387$13,537,910$9,103,892$24,330,648
90$52,486,946$14,106,959$9,314,564$26,200,228
91$57,743,335$14,700,921$9,529,323$28,238,390
92$63,532,812$15,320,922$9,748,212$30,461,475
93$69,909,654$15,968,143$9,971,272$32,887,459
94$76,933,674$16,643,818$10,198,545$35,536,112
95$84,670,781$17,349,237$10,430,069$38,429,184
96$93,193,604$18,085,753$10,665,879$41,590,601
97$102,582,177$18,854,780$10,906,011$45,046,691
98$112,924,693$19,657,798$11,150,497$48,826,423
99$124,318,338$20,496,357$11,399,365$52,961,674
100$136,870,208$21,372,077$11,652,643$57,487,527