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%12.3%
1 years$445,927$441,955$438,080$434,297$430,604$426,462
2 years$220,756$216,645$212,660$208,797$205,049$200,877
3 years$145,709$141,580$137,605$133,778$130,092$126,018
4 years$108,192$104,076$100,141$96,380$92,783$88,839
5 years$85,689$81,597$77,714$74,029$70,532$66,730
6 years$70,691$66,630$62,804$59,201$55,809$52,154
7 years$59,983$55,956$52,191$48,673$45,388$41,881
8 years$51,955$47,964$44,262$40,830$37,654$34,295
9 years$45,714$41,762$38,123$34,778$31,710$28,498
10 years$40,725$36,811$33,236$29,979$27,018$23,951
11 years$36,645$32,771$29,261$26,091$23,237$20,312
12 years$33,248$29,413$25,968$22,885$20,136$17,352
13 years$30,376$26,581$23,201$20,204$17,559$14,911
14 years$27,916$24,161$20,846$17,935$15,392$12,877
15 years$25,786$22,072$18,821$15,995$13,553$11,166
16 years$23,924$20,250$17,064$14,322$11,978$9,717
17 years$22,283$18,650$15,528$12,868$10,620$8,480
18 years$20,826$17,233$14,175$11,597$9,443$7,420
19 years$19,523$15,972$12,976$10,479$8,417$6,507
20 years$18,353$14,842$11,909$9,490$7,518$5,716
21 years$17,295$13,824$10,954$8,613$6,728$5,030
22 years$16,335$12,905$10,096$7,831$6,031$4,433
23 years$15,459$12,069$9,322$7,132$5,413$3,911
24 years$14,658$11,308$8,621$6,505$4,866$3,454
25 years$13,922$10,612$7,985$5,941$4,378$3,054
26 years$13,244$9,974$7,405$5,432$3,944$2,702
27 years$12,617$9,386$6,877$4,972$3,556$2,393
28 years$12,035$8,845$6,393$4,555$3,208$2,120
29 years$11,495$8,344$5,949$4,177$2,897$1,880
30 years$10,992$7,880$5,541$3,834$2,618$1,667
31 years$10,522$7,449$5,166$3,521$2,367$1,479
32 years$10,083$7,049$4,820$3,236$2,141$1,313
33 years$9,671$6,675$4,500$2,976$1,937$1,166
34 years$9,284$6,326$4,205$2,738$1,754$1,036
35 years$8,920$6,001$3,931$2,520$1,589$921
36 years$8,576$5,695$3,678$2,321$1,440$818
37 years$8,253$5,409$3,442$2,139$1,305$727
38 years$7,947$5,141$3,223$1,971$1,183$647
39 years$7,657$4,888$3,020$1,818$1,073$575
40 years$7,383$4,651$2,831$1,676$973$511
41 years$7,122$4,427$2,654$1,547$883$455
42 years$6,875$4,216$2,490$1,427$801$405
43 years$6,640$4,017$2,336$1,318$727$360
44 years$6,416$3,829$2,193$1,217$660$320
45 years$6,203$3,652$2,059$1,124$599$285
46 years$5,999$3,484$1,934$1,038$544$254
47 years$5,805$3,324$1,817$959$494$226
48 years$5,619$3,174$1,707$886$448$201
49 years$5,442$3,031$1,605$819$407$179
50 years$5,272$2,895$1,509$757$370$159

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 $5,124 every year, while hoping to spend $22,663 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: 72/18/10 Blend
65$5,400,000$5,400,000$5,400,000$5,400,000
66$5,956,085$5,669,885$5,586,185$6,373,264
67$6,539,493$5,923,597$5,749,209$6,903,434
68$7,181,648$6,188,980$5,916,935$7,480,455
69$7,888,520$6,466,584$6,089,496$8,111,634
70$8,666,685$6,756,982$6,267,030$8,802,311
71$9,523,388$7,060,776$6,449,677$9,558,364
72$10,466,616$7,378,596$6,637,583$10,386,263
73$11,505,166$7,711,102$6,830,897$11,293,129
74$12,648,733$8,058,986$7,029,772$12,286,800
75$13,908,000$8,422,973$7,234,366$13,375,907
76$15,294,739$8,803,821$7,444,840$14,569,948
77$16,821,921$9,202,327$7,661,361$15,879,385
78$18,503,840$9,619,324$7,884,100$17,315,733
79$20,356,246$10,055,686$8,113,232$18,891,672
80$22,396,496$10,512,327$8,348,938$20,621,165
81$24,643,714$10,990,207$8,591,403$22,519,588
82$27,118,976$11,490,330$8,840,818$24,603,870
83$29,845,506$12,013,750$9,097,379$26,892,659
84$32,848,893$12,561,570$9,361,288$29,406,488
85$36,157,340$13,134,946$9,632,750$32,167,973
86$39,801,920$13,735,090$9,911,979$35,202,020
87$43,816,879$14,363,272$10,199,193$38,536,063
88$48,239,951$15,020,823$10,494,616$42,200,316
89$53,112,719$15,709,137$10,798,479$46,228,062
90$58,481,007$16,429,675$11,111,019$50,655,958
91$64,395,310$17,183,970$11,432,478$55,524,384
92$70,911,273$17,973,626$11,763,108$60,877,820
93$78,090,215$18,800,326$12,103,164$66,765,264
94$85,999,709$19,665,833$12,452,911$73,240,689
95$94,714,215$20,571,995$12,812,620$80,363,554
96$104,315,791$21,520,748$13,182,569$88,199,362
97$114,894,861$22,514,124$13,563,044$96,820,270
98$126,551,069$23,554,249$13,954,339$106,305,774
99$139,394,225$24,643,354$14,356,756$116,743,452
100$153,545,333$25,783,775$14,770,604$128,229,788