Can I retire at age 66 with 5,400,000?

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 $5,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$445,927$441,955$438,080$434,297$430,604$428,609
2 years$220,756$216,645$212,660$208,797$205,049$203,036
3 years$145,709$141,580$137,605$133,778$130,092$128,122
4 years$108,192$104,076$100,141$96,380$92,783$90,871
5 years$85,689$81,597$77,714$74,029$70,532$68,685
6 years$70,691$66,630$62,804$59,201$55,809$54,030
7 years$59,983$55,956$52,191$48,673$45,388$43,676
8 years$51,955$47,964$44,262$40,830$37,654$36,009
9 years$45,714$41,762$38,123$34,778$31,710$30,133
10 years$40,725$36,811$33,236$29,979$27,018$25,508
11 years$36,645$32,771$29,261$26,091$23,237$21,792
12 years$33,248$29,413$25,968$22,885$20,136$18,757
13 years$30,376$26,581$23,201$20,204$17,559$16,243
14 years$27,916$24,161$20,846$17,935$15,392$14,138
15 years$25,786$22,072$18,821$15,995$13,553$12,358
16 years$23,924$20,250$17,064$14,322$11,978$10,842
17 years$22,283$18,650$15,528$12,868$10,620$9,542
18 years$20,826$17,233$14,175$11,597$9,443$8,420
19 years$19,523$15,972$12,976$10,479$8,417$7,447
20 years$18,353$14,842$11,909$9,490$7,518$6,600
21 years$17,295$13,824$10,954$8,613$6,728$5,859
22 years$16,335$12,905$10,096$7,831$6,031$5,210
23 years$15,459$12,069$9,322$7,132$5,413$4,638
24 years$14,658$11,308$8,621$6,505$4,866$4,135
25 years$13,922$10,612$7,985$5,941$4,378$3,690
26 years$13,244$9,974$7,405$5,432$3,944$3,295
27 years$12,617$9,386$6,877$4,972$3,556$2,946
28 years$12,035$8,845$6,393$4,555$3,208$2,635
29 years$11,495$8,344$5,949$4,177$2,897$2,359
30 years$10,992$7,880$5,541$3,834$2,618$2,113
31 years$10,522$7,449$5,166$3,521$2,367$1,893
32 years$10,083$7,049$4,820$3,236$2,141$1,697
33 years$9,671$6,675$4,500$2,976$1,937$1,522
34 years$9,284$6,326$4,205$2,738$1,754$1,366
35 years$8,920$6,001$3,931$2,520$1,589$1,226
36 years$8,576$5,695$3,678$2,321$1,440$1,101
37 years$8,253$5,409$3,442$2,139$1,305$988
38 years$7,947$5,141$3,223$1,971$1,183$888
39 years$7,657$4,888$3,020$1,818$1,073$798
40 years$7,383$4,651$2,831$1,676$973$717
41 years$7,122$4,427$2,654$1,547$883$644
42 years$6,875$4,216$2,490$1,427$801$579
43 years$6,640$4,017$2,336$1,318$727$520
44 years$6,416$3,829$2,193$1,217$660$468
45 years$6,203$3,652$2,059$1,124$599$421
46 years$5,999$3,484$1,934$1,038$544$378
47 years$5,805$3,324$1,817$959$494$340
48 years$5,619$3,174$1,707$886$448$306
49 years$5,442$3,031$1,605$819$407$275
50 years$5,272$2,895$1,509$757$370$248

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $5,400,000, adding $2,938 every year, while hoping to spend $23,428 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: 34/49/17 Blend
65$5,400,000$5,400,000$5,400,000$5,400,000
66$5,953,831$5,667,631$5,583,931$6,124,874
67$6,536,194$5,920,417$5,746,065$6,503,295
68$7,177,173$6,184,805$5,912,846$6,908,708
69$7,882,723$6,461,338$6,084,404$7,345,398
70$8,659,403$6,750,586$6,260,873$7,816,139
71$9,514,442$7,053,145$6,442,393$8,323,972
72$10,455,807$7,369,641$6,629,105$8,872,226
73$11,492,274$7,700,728$6,821,154$9,464,552
74$12,633,514$8,047,092$7,018,692$10,104,954
75$13,890,186$8,409,453$7,221,871$10,797,821
76$15,274,032$8,788,563$7,430,851$11,547,969
77$16,797,992$9,185,212$7,645,793$12,360,678
78$18,476,325$9,600,225$7,866,865$13,241,748
79$20,324,744$10,034,470$8,094,239$14,197,539
80$22,360,562$10,488,853$8,328,090$15,235,037
81$24,602,859$10,964,326$8,568,601$16,361,910
82$27,072,658$11,461,885$8,815,956$17,586,582
83$29,793,126$11,982,575$9,070,347$18,918,302
84$32,789,792$12,527,488$9,331,971$20,367,233
85$36,090,787$13,097,772$9,601,029$21,944,539
86$39,727,112$13,694,627$9,877,728$23,662,490
87$43,732,927$14,319,313$10,162,281$25,534,569
88$48,145,874$14,973,148$10,454,906$27,575,597
89$53,007,436$15,657,515$10,755,829$29,801,866
90$58,363,324$16,373,863$11,065,278$32,231,289
91$64,263,910$17,123,709$11,383,492$34,883,561
92$70,764,703$17,908,645$11,710,714$37,780,341
93$77,926,872$18,730,338$12,047,192$40,945,448
94$85,817,824$19,590,535$12,393,183$44,405,082
95$94,511,838$20,491,068$12,748,951$48,188,061
96$104,090,771$21,433,856$13,114,766$52,326,090
97$114,644,825$22,420,910$13,490,906$56,854,049
98$126,273,401$23,454,338$13,877,656$61,810,315
99$139,086,039$24,536,352$14,275,308$67,237,117
100$153,203,447$25,669,265$14,684,163$73,180,926