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

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 $5,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$421,153$417,402$413,742$410,169$406,681$398,470
2 years$208,492$204,609$200,846$197,197$193,658$185,421
3 years$137,614$133,714$129,960$126,346$122,864$114,859
4 years$102,182$98,294$94,578$91,025$87,628$79,916
5 years$80,928$77,064$73,396$69,916$66,613$59,216
6 years$66,764$62,928$59,315$55,912$52,709$45,635
7 years$56,650$52,847$49,291$45,969$42,866$36,117
8 years$49,068$45,300$41,803$38,562$35,562$29,135
9 years$43,175$39,442$36,005$32,846$29,948$23,840
10 years$38,462$34,766$31,390$28,314$25,517$19,722
11 years$34,610$30,950$27,635$24,641$21,946$16,455
12 years$31,401$27,779$24,525$21,614$19,018$13,825
13 years$28,688$25,104$21,912$19,082$16,584$11,679
14 years$26,365$22,819$19,688$16,939$14,537$9,912
15 years$24,353$20,846$17,775$15,106$12,800$8,444
16 years$22,595$19,125$16,116$13,526$11,312$7,216
17 years$21,045$17,614$14,665$12,153$10,030$6,182
18 years$19,669$16,276$13,387$10,952$8,919$5,309
19 years$18,439$15,084$12,255$9,896$7,949$4,568
20 years$17,333$14,017$11,247$8,963$7,101$3,936
21 years$16,334$13,056$10,345$8,135$6,354$3,396
22 years$15,427$12,188$9,535$7,396$5,696$2,934
23 years$14,601$11,399$8,804$6,736$5,113$2,537
24 years$13,844$10,680$8,142$6,144$4,595$2,196
25 years$13,149$10,023$7,541$5,611$4,135$1,902
26 years$12,508$9,420$6,994$5,130$3,725$1,649
27 years$11,916$8,865$6,495$4,696$3,358$1,430
28 years$11,367$8,353$6,038$4,302$3,030$1,241
29 years$10,857$7,881$5,618$3,945$2,736$1,077
30 years$10,381$7,442$5,233$3,621$2,472$935
31 years$9,938$7,035$4,879$3,325$2,235$812
32 years$9,523$6,657$4,552$3,056$2,022$705
33 years$9,133$6,304$4,250$2,810$1,830$613
34 years$8,768$5,975$3,971$2,586$1,657$533
35 years$8,424$5,667$3,713$2,380$1,501$463
36 years$8,100$5,379$3,473$2,192$1,360$403
37 years$7,794$5,109$3,251$2,020$1,232$350
38 years$7,505$4,855$3,044$1,862$1,117$305
39 years$7,232$4,617$2,852$1,717$1,013$265
40 years$6,973$4,393$2,673$1,583$919$230
41 years$6,727$4,181$2,507$1,461$834$200
42 years$6,493$3,982$2,351$1,348$756$174
43 years$6,271$3,794$2,207$1,245$686$152
44 years$6,060$3,617$2,071$1,149$623$132
45 years$5,858$3,449$1,945$1,061$566$115
46 years$5,666$3,290$1,827$980$514$100
47 years$5,483$3,140$1,716$906$466$87
48 years$5,307$2,997$1,613$837$424$76
49 years$5,140$2,862$1,516$773$385$66
50 years$4,979$2,734$1,425$715$349$57

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 $5,277 every year, while hoping to spend $26,531 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: 41/31/28 Blend
65$5,100,000$5,100,000$5,100,000$5,100,000
66$5,625,643$5,355,343$5,276,293$5,809,775
67$6,171,230$5,589,526$5,424,820$6,177,652
68$6,771,578$5,834,295$5,577,434$6,572,720
69$7,432,243$6,090,140$5,734,243$6,999,858
70$8,159,351$6,357,576$5,895,358$7,462,034
71$8,959,647$6,637,140$6,060,896$7,962,503
72$9,840,567$6,929,396$6,230,972$8,504,843
73$10,810,303$7,234,934$6,405,707$9,092,980
74$11,877,881$7,554,372$6,585,225$9,731,231
75$13,053,246$7,888,359$6,769,652$10,424,337
76$14,347,360$8,237,570$6,959,118$11,177,507
77$15,772,297$8,602,718$7,153,755$11,996,466
78$17,341,366$8,984,546$7,353,700$12,887,510
79$19,069,229$9,383,832$7,559,092$13,857,556
80$20,972,043$9,801,393$7,770,075$14,914,213
81$23,067,614$10,238,084$7,986,795$16,065,844
82$25,375,561$10,694,800$8,209,403$17,321,649
83$27,917,502$11,172,479$8,438,052$18,691,746
84$30,717,261$11,672,104$8,672,900$20,187,263
85$33,801,088$12,194,704$8,914,109$21,820,444
86$37,197,912$12,741,357$9,161,845$23,604,756
87$40,939,609$13,313,194$9,416,276$25,555,019
88$45,061,306$13,911,397$9,677,578$27,687,539
89$49,601,710$14,537,206$9,945,928$30,020,259
90$54,603,476$15,191,921$10,221,509$32,572,928
91$60,113,608$15,876,903$10,504,506$35,367,279
92$66,183,902$16,593,576$10,795,112$38,427,234
93$72,871,434$17,343,436$11,093,523$41,779,124
94$80,239,103$18,128,047$11,399,939$45,451,935
95$88,356,220$18,949,050$11,714,566$49,477,576
96$97,299,164$19,808,163$12,037,613$53,891,176
97$107,152,103$20,707,187$12,369,297$58,731,412
98$118,007,786$21,648,008$12,709,838$64,040,868
99$129,968,424$22,632,604$13,059,460$69,866,432
100$143,146,648$23,663,046$13,418,397$76,259,735