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

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 $5,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$412,895$409,217$405,629$402,127$398,707$394,872
2 years$204,404$200,597$196,907$193,330$189,860$185,997
3 years$134,915$131,092$127,412$123,869$120,455$116,683
4 years$100,178$96,367$92,723$89,240$85,910$82,259
5 years$79,341$75,553$71,957$68,545$65,307$61,787
6 years$65,455$61,694$58,152$54,816$51,675$48,291
7 years$55,539$51,811$48,325$45,067$42,026$38,779
8 years$48,106$44,411$40,983$37,806$34,865$31,755
9 years$42,328$38,668$35,299$32,202$29,361$26,387
10 years$37,708$34,084$30,774$27,759$25,017$22,177
11 years$33,931$30,343$27,093$24,158$21,515$18,808
12 years$30,785$27,234$24,044$21,190$18,645$16,066
13 years$28,126$24,612$21,482$18,708$16,259$13,806
14 years$25,848$22,371$19,302$16,607$14,252$11,923
15 years$23,876$20,437$17,427$14,810$12,549$10,339
16 years$22,152$18,750$15,800$13,261$11,091$8,997
17 years$20,632$17,268$14,377$11,915$9,834$7,852
18 years$19,283$15,957$13,125$10,738$8,744$6,870
19 years$18,077$14,789$12,015$9,702$7,793$6,025
20 years$16,993$13,742$11,027$8,787$6,961$5,293
21 years$16,014$12,800$10,143$7,975$6,230$4,658
22 years$15,125$11,949$9,348$7,251$5,584$4,104
23 years$14,314$11,175$8,631$6,604$5,012$3,621
24 years$13,572$10,471$7,982$6,023$4,505$3,198
25 years$12,891$9,826$7,393$5,501$4,054$2,828
26 years$12,263$9,235$6,857$5,029$3,652$2,502
27 years$11,682$8,691$6,367$4,604$3,292$2,216
28 years$11,144$8,190$5,919$4,218$2,971$1,963
29 years$10,644$7,726$5,508$3,868$2,683$1,740
30 years$10,178$7,296$5,131$3,550$2,424$1,544
31 years$9,743$6,898$4,783$3,260$2,191$1,370
32 years$9,336$6,526$4,463$2,996$1,982$1,216
33 years$8,954$6,181$4,167$2,755$1,794$1,080
34 years$8,596$5,858$3,893$2,535$1,624$959
35 years$8,259$5,556$3,640$2,334$1,471$852
36 years$7,941$5,274$3,405$2,149$1,333$758
37 years$7,641$5,009$3,187$1,980$1,208$673
38 years$7,358$4,760$2,985$1,825$1,095$599
39 years$7,090$4,526$2,796$1,683$993$532
40 years$6,836$4,306$2,621$1,552$901$474
41 years$6,595$4,099$2,458$1,432$817$421
42 years$6,366$3,904$2,305$1,322$742$375
43 years$6,148$3,720$2,163$1,220$673$333
44 years$5,941$3,546$2,031$1,127$611$297
45 years$5,743$3,381$1,907$1,040$555$264
46 years$5,555$3,225$1,791$961$504$235
47 years$5,375$3,078$1,682$888$457$209
48 years$5,203$2,938$1,581$820$415$186
49 years$5,039$2,806$1,486$758$377$166
50 years$4,882$2,680$1,397$701$343$147

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 $4,857 every year, while hoping to spend $37,077 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: 48/39/13 Blend
66$5,000,000$5,000,000$5,000,000$5,000,000
67$5,515,010$5,250,010$5,172,510$5,759,641
68$6,038,091$5,467,811$5,306,339$6,146,635
69$6,613,284$5,695,041$5,443,410$6,562,358
70$7,245,865$5,932,124$5,583,790$7,012,914
71$7,941,647$6,179,502$5,727,550$7,501,571
72$8,707,035$6,437,637$5,874,763$8,031,913
73$9,549,086$6,707,015$6,025,501$8,607,884
74$10,475,575$6,988,140$6,179,837$9,233,812
75$11,495,068$7,281,544$6,337,847$9,914,455
76$12,617,006$7,587,781$6,499,606$10,655,045
77$13,851,790$7,907,431$6,665,191$11,461,331
78$15,210,878$8,241,101$6,834,681$12,339,632
79$16,706,899$8,589,426$7,008,154$13,296,901
80$18,353,766$8,953,072$7,185,690$14,340,778
81$20,166,811$9,332,733$7,367,371$15,479,669
82$22,162,926$9,729,137$7,553,279$16,722,820
83$24,360,727$10,143,047$7,743,496$18,080,399
84$26,780,724$10,575,260$7,938,107$19,563,594
85$29,445,521$11,026,611$8,137,196$21,184,713
86$32,380,021$11,497,972$8,340,849$22,957,299
87$35,611,669$11,990,258$8,549,153$24,896,255
88$39,170,704$12,504,426$8,762,195$27,017,979
89$43,090,451$13,041,477$8,980,064$29,340,520
90$47,407,628$13,602,461$9,202,847$31,883,743
91$52,162,699$14,188,474$9,430,635$34,669,511
92$57,400,251$14,800,666$9,663,518$37,721,893
93$63,169,417$15,440,239$9,901,587$41,067,383
94$69,524,340$16,108,454$10,144,932$44,735,146
95$76,524,682$16,806,627$10,393,647$48,757,294
96$84,236,188$17,536,140$10,647,822$53,169,181
97$92,731,306$18,298,438$10,907,551$58,009,733
98$102,089,872$19,095,034$11,172,927$63,321,811
99$112,399,860$19,927,512$11,444,041$69,152,612
100$123,758,217$20,797,532$11,720,988$75,554,106