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%17.1%
1 years$421,153$417,402$413,742$410,169$406,681$394,929
2 years$208,492$204,609$200,846$197,197$193,658$181,911
3 years$137,614$133,714$129,960$126,346$122,864$111,491
4 years$102,182$98,294$94,578$91,025$87,628$76,716
5 years$80,928$77,064$73,396$69,916$66,613$56,192
6 years$66,764$62,928$59,315$55,912$52,709$42,787
7 years$56,650$52,847$49,291$45,969$42,866$33,445
8 years$49,068$45,300$41,803$38,562$35,562$26,635
9 years$43,175$39,442$36,005$32,846$29,948$21,507
10 years$38,462$34,766$31,390$28,314$25,517$17,550
11 years$34,610$30,950$27,635$24,641$21,946$14,439
12 years$31,401$27,779$24,525$21,614$19,018$11,957
13 years$28,688$25,104$21,912$19,082$16,584$9,954
14 years$26,365$22,819$19,688$16,939$14,537$8,321
15 years$24,353$20,846$17,775$15,106$12,800$6,980
16 years$22,595$19,125$16,116$13,526$11,312$5,872
17 years$21,045$17,614$14,665$12,153$10,030$4,952
18 years$19,669$16,276$13,387$10,952$8,919$4,184
19 years$18,439$15,084$12,255$9,896$7,949$3,541
20 years$17,333$14,017$11,247$8,963$7,101$3,001
21 years$16,334$13,056$10,345$8,135$6,354$2,546
22 years$15,427$12,188$9,535$7,396$5,696$2,162
23 years$14,601$11,399$8,804$6,736$5,113$1,838
24 years$13,844$10,680$8,142$6,144$4,595$1,563
25 years$13,149$10,023$7,541$5,611$4,135$1,331
26 years$12,508$9,420$6,994$5,130$3,725$1,133
27 years$11,916$8,865$6,495$4,696$3,358$965
28 years$11,367$8,353$6,038$4,302$3,030$823
29 years$10,857$7,881$5,618$3,945$2,736$701
30 years$10,381$7,442$5,233$3,621$2,472$598
31 years$9,938$7,035$4,879$3,325$2,235$510
32 years$9,523$6,657$4,552$3,056$2,022$435
33 years$9,133$6,304$4,250$2,810$1,830$371
34 years$8,768$5,975$3,971$2,586$1,657$317
35 years$8,424$5,667$3,713$2,380$1,501$270
36 years$8,100$5,379$3,473$2,192$1,360$231
37 years$7,794$5,109$3,251$2,020$1,232$197
38 years$7,505$4,855$3,044$1,862$1,117$168
39 years$7,232$4,617$2,852$1,717$1,013$143
40 years$6,973$4,393$2,673$1,583$919$122
41 years$6,727$4,181$2,507$1,461$834$105
42 years$6,493$3,982$2,351$1,348$756$89
43 years$6,271$3,794$2,207$1,245$686$76
44 years$6,060$3,617$2,071$1,149$623$65
45 years$5,858$3,449$1,945$1,061$566$56
46 years$5,666$3,290$1,827$980$514$47
47 years$5,483$3,140$1,716$906$466$41
48 years$5,307$2,997$1,613$837$424$35
49 years$5,140$2,862$1,516$773$385$30
50 years$4,979$2,734$1,425$715$349$25

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 $3,102 every year, while hoping to spend $43,371 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: 56/36/8 Blend
66$5,100,000$5,100,000$5,100,000$5,100,000
67$5,623,400$5,353,100$5,274,050$5,927,668
68$6,150,840$5,569,255$5,404,584$6,349,405
69$6,730,626$5,794,549$5,538,038$6,803,428
70$7,368,050$6,029,382$5,674,462$7,296,874
71$8,068,945$6,274,176$5,813,911$7,833,503
72$8,839,736$6,529,369$5,956,435$8,417,453
73$9,687,502$6,795,421$6,102,089$9,053,268
74$10,620,043$7,072,812$6,250,925$9,745,949
75$11,645,952$7,362,045$6,402,995$10,500,992
76$12,774,698$7,663,644$6,558,354$11,324,444
77$14,016,713$7,978,158$6,717,055$12,222,955
78$15,383,491$8,306,161$6,879,150$13,203,840
79$16,887,699$8,648,255$7,044,693$14,275,146
80$18,543,292$9,005,067$7,213,738$15,445,726
81$20,365,646$9,377,253$7,386,336$16,725,324
82$22,371,704$9,765,501$7,562,541$18,124,658
83$24,580,137$10,170,530$7,742,405$19,655,525
84$27,011,515$10,593,090$7,925,980$21,330,910
85$29,688,506$11,033,968$8,113,316$23,165,102
86$32,636,088$11,493,986$8,304,466$25,173,830
87$35,881,782$11,974,005$8,499,479$27,374,407
88$39,455,917$12,474,924$8,698,405$29,785,895
89$43,391,910$12,997,685$8,901,292$32,429,275
90$47,726,587$13,543,274$9,108,187$35,327,648
91$52,500,525$14,112,721$9,319,137$38,506,451
92$57,758,438$14,707,104$9,534,188$41,993,687
93$63,549,599$15,327,551$9,753,383$45,820,194
94$69,928,302$15,975,245$9,976,765$50,019,928
95$76,954,376$16,651,420$10,204,374$54,630,280
96$84,693,752$17,357,369$10,436,250$59,692,430
97$93,219,080$18,094,445$10,672,430$65,251,726
98$102,610,418$18,864,065$10,912,949$71,358,111
99$112,955,987$19,667,711$11,157,839$78,066,590
100$124,353,003$20,506,933$11,407,131$85,437,746