Can I retire at age 66 with 5,500,000?

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 $5,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$454,185$450,139$446,192$442,340$438,578$421,343
2 years$224,844$220,656$216,598$212,663$208,847$191,694
3 years$148,407$144,201$140,153$136,255$132,501$115,970
4 years$110,196$106,003$101,996$98,164$94,501$78,718
5 years$87,275$83,108$79,153$75,400$71,838$56,843
6 years$72,000$67,864$63,967$60,298$56,843$42,646
7 years$61,093$56,992$53,157$49,574$46,229$32,824
8 years$52,917$48,853$45,081$41,586$38,351$25,726
9 years$46,561$42,535$38,829$35,422$32,297$20,433
10 years$41,479$37,493$33,852$30,534$27,519$16,392
11 years$37,324$33,377$29,802$26,574$23,667$13,253
12 years$33,864$29,958$26,449$23,309$20,509$10,779
13 years$30,938$27,073$23,630$20,578$17,885$8,810
14 years$28,433$24,609$21,232$18,267$15,677$7,228
15 years$26,263$22,480$19,170$16,291$13,804$5,948
16 years$24,367$20,625$17,380$14,587$12,200$4,907
17 years$22,696$18,995$15,815$13,106$10,817$4,057
18 years$21,211$17,552$14,437$11,811$9,618$3,359
19 years$19,885$16,267$13,217$10,673$8,573$2,785
20 years$18,693$15,116$12,130$9,666$7,657$2,312
21 years$17,615$14,080$11,157$8,773$6,853$1,921
22 years$16,637$13,144$10,283$7,976$6,142$1,598
23 years$15,746$12,293$9,494$7,264$5,514$1,329
24 years$14,930$11,518$8,781$6,625$4,956$1,107
25 years$14,180$10,809$8,133$6,051$4,459$922
26 years$13,489$10,158$7,543$5,532$4,017$768
27 years$12,850$9,560$7,004$5,064$3,622$640
28 years$12,258$9,009$6,511$4,640$3,268$534
29 years$11,708$8,499$6,059$4,255$2,951$445
30 years$11,196$8,026$5,644$3,905$2,666$371
31 years$10,717$7,587$5,262$3,586$2,411$310
32 years$10,269$7,179$4,909$3,296$2,180$258
33 years$9,850$6,799$4,584$3,031$1,973$215
34 years$9,456$6,444$4,283$2,789$1,787$180
35 years$9,085$6,112$4,004$2,567$1,618$150
36 years$8,735$5,801$3,746$2,364$1,466$125
37 years$8,405$5,510$3,506$2,178$1,329$104
38 years$8,094$5,236$3,283$2,008$1,205$87
39 years$7,799$4,979$3,076$1,851$1,092$73
40 years$7,519$4,737$2,883$1,708$991$61
41 years$7,254$4,509$2,703$1,575$899$51
42 years$7,002$4,294$2,536$1,454$816$42
43 years$6,763$4,092$2,380$1,342$740$35
44 years$6,535$3,900$2,234$1,239$672$29
45 years$6,318$3,719$2,097$1,144$610$25
46 years$6,110$3,548$1,970$1,057$554$21
47 years$5,913$3,386$1,851$977$503$17
48 years$5,724$3,232$1,739$902$457$14
49 years$5,543$3,087$1,635$834$415$12
50 years$5,370$2,949$1,537$771$377$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $5,500,000, adding $6,815 every year, while hoping to spend $54,538 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: 41/34/25 Blend
65$5,500,000$5,500,000$5,500,000$5,500,000
66$6,068,030$5,776,530$5,691,280$6,271,929
67$6,628,941$6,001,552$5,823,910$6,644,233
68$7,245,237$6,235,772$5,959,155$7,041,291
69$7,922,510$6,479,583$6,097,045$7,470,008
70$8,666,919$6,733,397$6,237,610$7,933,321
71$9,485,253$6,997,641$6,380,877$8,434,456
72$10,384,987$7,272,763$6,526,875$8,976,960
73$11,374,359$7,559,233$6,675,629$9,564,728
74$12,462,446$7,857,537$6,827,165$10,202,041
75$13,659,247$8,168,188$6,981,506$10,893,605
76$14,975,779$8,491,717$7,138,675$11,644,596
77$16,424,180$8,828,684$7,298,693$12,460,701
78$18,017,826$9,179,669$7,461,578$13,348,177
79$19,771,452$9,545,281$7,627,350$14,313,903
80$21,701,297$9,926,156$7,796,022$15,365,446
81$23,825,250$10,322,958$7,967,610$16,511,131
82$26,163,025$10,736,383$8,142,124$17,760,115
83$28,736,342$11,167,154$8,319,574$19,122,473
84$31,569,135$11,616,030$8,499,966$20,609,291
85$34,687,776$12,083,805$8,683,304$22,232,769
86$38,121,324$12,571,307$8,869,589$24,006,332
87$41,901,799$13,079,400$9,058,820$25,944,756
88$46,064,483$13,608,992$9,250,992$28,064,304
89$50,648,255$14,161,027$9,446,095$30,382,877
90$55,695,956$14,736,496$9,644,118$32,920,182
91$61,254,792$15,336,433$9,845,044$35,697,912
92$67,376,781$15,961,919$10,048,854$38,739,952
93$74,119,245$16,614,085$10,255,522$42,072,596
94$81,545,345$17,294,112$10,465,019$45,724,798
95$89,724,685$18,003,239$10,677,312$49,728,438
96$98,733,962$18,742,756$10,892,361$54,118,620
97$108,657,691$19,514,016$11,110,120$58,934,001
98$119,589,007$20,318,434$11,330,540$64,217,152
99$131,630,535$21,157,487$11,553,563$70,014,956
100$144,895,369$22,032,723$11,779,126$76,379,044