Can I retire at age 67 with 5,000,000?

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 $5,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$412,895$409,217$405,629$402,127$398,707$384,102
2 years$204,404$200,597$196,907$193,330$189,860$175,309
3 years$134,915$131,092$127,412$123,869$120,455$106,415
4 years$100,178$96,367$92,723$89,240$85,910$72,487
5 years$79,341$75,553$71,957$68,545$65,307$52,538
6 years$65,455$61,694$58,152$54,816$51,675$39,568
7 years$55,539$51,811$48,325$45,067$42,026$30,578
8 years$48,106$44,411$40,983$37,806$34,865$24,065
9 years$42,328$38,668$35,299$32,202$29,361$19,196
10 years$37,708$34,084$30,774$27,759$25,017$15,469
11 years$33,931$30,343$27,093$24,158$21,515$12,563
12 years$30,785$27,234$24,044$21,190$18,645$10,266
13 years$28,126$24,612$21,482$18,708$16,259$8,431
14 years$25,848$22,371$19,302$16,607$14,252$6,951
15 years$23,876$20,437$17,427$14,810$12,549$5,749
16 years$22,152$18,750$15,800$13,261$11,091$4,767
17 years$20,632$17,268$14,377$11,915$9,834$3,961
18 years$19,283$15,957$13,125$10,738$8,744$3,297
19 years$18,077$14,789$12,015$9,702$7,793$2,749
20 years$16,993$13,742$11,027$8,787$6,961$2,294
21 years$16,014$12,800$10,143$7,975$6,230$1,917
22 years$15,125$11,949$9,348$7,251$5,584$1,603
23 years$14,314$11,175$8,631$6,604$5,012$1,341
24 years$13,572$10,471$7,982$6,023$4,505$1,123
25 years$12,891$9,826$7,393$5,501$4,054$940
26 years$12,263$9,235$6,857$5,029$3,652$788
27 years$11,682$8,691$6,367$4,604$3,292$660
28 years$11,144$8,190$5,919$4,218$2,971$554
29 years$10,644$7,726$5,508$3,868$2,683$464
30 years$10,178$7,296$5,131$3,550$2,424$389
31 years$9,743$6,898$4,783$3,260$2,191$327
32 years$9,336$6,526$4,463$2,996$1,982$274
33 years$8,954$6,181$4,167$2,755$1,794$230
34 years$8,596$5,858$3,893$2,535$1,624$193
35 years$8,259$5,556$3,640$2,334$1,471$162
36 years$7,941$5,274$3,405$2,149$1,333$136
37 years$7,641$5,009$3,187$1,980$1,208$114
38 years$7,358$4,760$2,985$1,825$1,095$96
39 years$7,090$4,526$2,796$1,683$993$80
40 years$6,836$4,306$2,621$1,552$901$68
41 years$6,595$4,099$2,458$1,432$817$57
42 years$6,366$3,904$2,305$1,322$742$48
43 years$6,148$3,720$2,163$1,220$673$40
44 years$5,941$3,546$2,031$1,127$611$34
45 years$5,743$3,381$1,907$1,040$555$28
46 years$5,555$3,225$1,791$961$504$24
47 years$5,375$3,078$1,682$888$457$20
48 years$5,203$2,938$1,581$820$415$17
49 years$5,039$2,806$1,486$758$377$14
50 years$4,882$2,680$1,397$701$343$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $5,000,000, adding $3,536 every year, while hoping to spend $46,424 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: 52/37/11 Blend
66$5,000,000$5,000,000$5,000,000$5,000,000
67$5,513,647$5,248,647$5,171,147$5,784,307
68$6,026,645$5,456,436$5,294,986$6,176,973
69$6,590,412$5,672,851$5,421,417$6,598,521
70$7,210,078$5,898,265$5,550,479$7,055,897
71$7,891,295$6,133,069$5,682,209$7,552,496
72$8,640,288$6,377,670$5,816,644$8,092,047
73$9,463,917$6,632,496$5,953,822$8,678,652
74$10,369,740$6,897,991$6,093,777$9,316,818
75$11,366,082$7,174,621$6,236,548$10,011,501
76$12,462,117$7,462,873$6,382,167$10,768,152
77$13,667,955$7,763,255$6,530,671$11,592,764
78$14,994,731$8,076,299$6,682,093$12,491,930
79$16,454,716$8,402,561$6,836,466$13,472,901
80$18,061,431$8,742,621$6,993,822$14,543,653
81$19,829,774$9,097,086$7,154,192$15,712,963
82$21,776,159$9,466,591$7,317,605$16,990,488
83$23,918,673$9,851,800$7,484,091$18,386,852
84$26,277,247$10,253,407$7,653,677$19,913,750
85$28,873,839$10,672,137$7,826,388$21,584,049
86$31,732,647$11,108,749$8,002,249$23,411,912
87$34,880,335$11,564,035$8,181,282$25,412,930
88$38,346,282$12,038,826$8,363,508$27,604,264
89$42,162,863$12,533,988$8,548,945$30,004,802
90$46,365,750$13,050,428$8,737,610$32,635,343
91$50,994,253$13,589,096$8,929,517$35,518,781
92$56,091,689$14,150,984$9,124,678$38,680,325
93$61,705,788$14,737,129$9,323,101$42,147,731
94$67,889,146$15,348,616$9,524,793$45,951,562
95$74,699,722$15,986,581$9,729,756$50,125,470
96$82,201,382$16,652,212$9,937,992$54,706,515
97$90,464,503$17,346,751$10,149,495$59,735,507
98$99,566,638$18,071,497$10,364,258$65,257,392
99$109,593,246$18,827,811$10,582,272$71,321,668
100$120,638,498$19,617,115$10,803,519$77,982,849