Can I retire at age 67 with 5,100,000?

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 $5,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$421,153$417,402$413,742$410,169$406,681$390,391
2 years$208,492$204,609$200,846$197,197$193,658$177,451
3 years$137,614$133,714$129,960$126,346$122,864$107,250
4 years$102,182$98,294$94,578$91,025$87,628$72,726
5 years$80,928$77,064$73,396$69,916$66,613$52,461
6 years$66,764$62,928$59,315$55,912$52,709$39,315
7 years$56,650$52,847$49,291$45,969$42,866$30,226
8 years$49,068$45,300$41,803$38,562$35,562$23,661
9 years$43,175$39,442$36,005$32,846$29,948$18,770
10 years$38,462$34,766$31,390$28,314$25,517$15,039
11 years$34,610$30,950$27,635$24,641$21,946$12,143
12 years$31,401$27,779$24,525$21,614$19,018$9,863
13 years$28,688$25,104$21,912$19,082$16,584$8,050
14 years$26,365$22,819$19,688$16,939$14,537$6,595
15 years$24,353$20,846$17,775$15,106$12,800$5,419
16 years$22,595$19,125$16,116$13,526$11,312$4,465
17 years$21,045$17,614$14,665$12,153$10,030$3,685
18 years$19,669$16,276$13,387$10,952$8,919$3,047
19 years$18,439$15,084$12,255$9,896$7,949$2,523
20 years$17,333$14,017$11,247$8,963$7,101$2,091
21 years$16,334$13,056$10,345$8,135$6,354$1,735
22 years$15,427$12,188$9,535$7,396$5,696$1,440
23 years$14,601$11,399$8,804$6,736$5,113$1,197
24 years$13,844$10,680$8,142$6,144$4,595$995
25 years$13,149$10,023$7,541$5,611$4,135$827
26 years$12,508$9,420$6,994$5,130$3,725$688
27 years$11,916$8,865$6,495$4,696$3,358$573
28 years$11,367$8,353$6,038$4,302$3,030$477
29 years$10,857$7,881$5,618$3,945$2,736$397
30 years$10,381$7,442$5,233$3,621$2,472$330
31 years$9,938$7,035$4,879$3,325$2,235$275
32 years$9,523$6,657$4,552$3,056$2,022$229
33 years$9,133$6,304$4,250$2,810$1,830$191
34 years$8,768$5,975$3,971$2,586$1,657$159
35 years$8,424$5,667$3,713$2,380$1,501$132
36 years$8,100$5,379$3,473$2,192$1,360$110
37 years$7,794$5,109$3,251$2,020$1,232$92
38 years$7,505$4,855$3,044$1,862$1,117$77
39 years$7,232$4,617$2,852$1,717$1,013$64
40 years$6,973$4,393$2,673$1,583$919$53
41 years$6,727$4,181$2,507$1,461$834$44
42 years$6,493$3,982$2,351$1,348$756$37
43 years$6,271$3,794$2,207$1,245$686$31
44 years$6,060$3,617$2,071$1,149$623$26
45 years$5,858$3,449$1,945$1,061$566$21
46 years$5,666$3,290$1,827$980$514$18
47 years$5,483$3,140$1,716$906$466$15
48 years$5,307$2,997$1,613$837$424$12
49 years$5,140$2,862$1,516$773$385$10
50 years$4,979$2,734$1,425$715$349$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $5,100,000, adding $2,351 every year, while hoping to spend $59,638 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: 76/10/14 Blend
66$5,100,000$5,100,000$5,100,000$5,100,000
67$5,622,625$5,352,325$5,273,275$6,033,299
68$6,132,678$5,551,135$5,386,475$6,503,452
69$6,692,758$5,757,687$5,501,469$7,011,010
70$7,307,905$5,972,299$5,618,253$7,565,797
71$7,983,669$6,195,300$5,736,823$8,172,497
72$8,726,168$6,427,034$5,857,171$8,836,268
73$9,542,139$6,667,860$5,979,288$9,562,789
74$10,439,005$6,918,153$6,103,162$10,358,315
75$11,424,944$7,178,303$6,228,778$11,229,733
76$12,508,965$7,448,716$6,356,119$12,184,629
77$13,700,994$7,729,818$6,485,164$13,231,360
78$15,011,968$8,022,052$6,615,889$14,379,127
79$16,453,936$8,325,880$6,748,269$15,638,067
80$18,040,173$8,641,783$6,882,271$17,019,344
81$19,785,306$8,970,266$7,017,863$18,535,257
82$21,705,451$9,311,853$7,155,005$20,199,353
83$23,818,365$9,667,092$7,293,656$22,026,556
84$26,143,614$10,036,555$7,433,769$24,033,306
85$28,702,756$10,420,839$7,575,293$26,237,712
86$31,519,543$10,820,566$7,718,172$28,659,727
87$34,620,149$11,236,387$7,862,343$31,321,331
88$38,033,414$11,668,980$8,007,742$34,246,739
89$41,791,115$12,119,053$8,154,294$37,462,630
90$45,928,268$12,587,346$8,301,922$40,998,397
91$50,483,456$13,074,630$8,450,541$44,886,422
92$55,499,195$13,581,713$8,600,060$49,162,385
93$61,022,330$14,109,435$8,750,380$53,865,597
94$67,104,486$14,658,675$8,901,396$59,039,367
95$73,802,545$15,230,351$9,052,994$64,731,419
96$81,179,187$15,825,422$9,205,052$70,994,331
97$89,303,484$16,444,887$9,357,441$77,886,039
98$98,251,546$17,089,793$9,510,022$85,470,375
99$108,107,242$17,761,231$9,662,646$93,817,676
100$118,962,992$18,460,342$9,815,155$103,005,442