Can I retire at age 67 with 5,300,000?

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 $5,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$437,669$433,771$429,967$426,254$422,629$415,286
2 years$216,668$212,633$208,722$204,930$201,252$193,878
3 years$143,010$138,958$135,057$131,301$127,683$120,507
4 years$106,189$102,149$98,287$94,595$91,064$84,142
5 years$84,102$80,086$76,275$72,658$69,226$62,577
6 years$69,382$65,396$61,641$58,105$54,776$48,409
7 years$58,872$54,920$51,224$47,771$44,547$38,463
8 years$50,993$47,076$43,442$40,074$36,956$31,154
9 years$44,868$40,988$37,417$34,134$31,123$25,599
10 years$39,971$36,129$32,621$29,424$26,518$21,268
11 years$35,967$32,164$28,719$25,608$22,806$17,824
12 years$32,632$28,868$25,487$22,461$19,764$15,042
13 years$29,813$26,089$22,771$19,830$17,234$12,767
14 years$27,399$23,714$20,460$17,603$15,107$10,886
15 years$25,308$21,663$18,473$15,699$13,302$9,319
16 years$23,481$19,875$16,748$14,057$11,756$8,003
17 years$21,870$18,304$15,240$12,630$10,424$6,891
18 years$20,440$16,914$13,912$11,382$9,268$5,948
19 years$19,162$15,676$12,736$10,285$8,261$5,144
20 years$18,013$14,567$11,688$9,315$7,379$4,456
21 years$16,975$13,568$10,751$8,454$6,603$3,866
22 years$16,032$12,666$9,909$7,686$5,919$3,358
23 years$15,173$11,846$9,149$7,000$5,313$2,919
24 years$14,387$11,099$8,461$6,384$4,776$2,541
25 years$13,664$10,416$7,837$5,831$4,297$2,213
26 years$12,998$9,789$7,268$5,331$3,871$1,929
27 years$12,383$9,213$6,749$4,880$3,490$1,682
28 years$11,813$8,681$6,274$4,471$3,149$1,468
29 years$11,282$8,190$5,839$4,100$2,843$1,281
30 years$10,789$7,734$5,439$3,763$2,569$1,119
31 years$10,327$7,311$5,070$3,456$2,323$978
32 years$9,896$6,918$4,731$3,176$2,101$854
33 years$9,492$6,551$4,417$2,921$1,902$747
34 years$9,112$6,209$4,127$2,687$1,722$653
35 years$8,754$5,889$3,858$2,474$1,559$571
36 years$8,418$5,590$3,610$2,278$1,413$499
37 years$8,100$5,309$3,378$2,099$1,281$437
38 years$7,800$5,046$3,164$1,935$1,161$382
39 years$7,515$4,798$2,964$1,784$1,053$334
40 years$7,246$4,565$2,778$1,645$955$293
41 years$6,990$4,345$2,605$1,518$866$256
42 years$6,748$4,138$2,444$1,401$786$224
43 years$6,517$3,943$2,293$1,293$713$196
44 years$6,297$3,758$2,152$1,194$648$172
45 years$6,088$3,584$2,021$1,103$588$150
46 years$5,888$3,419$1,898$1,019$534$132
47 years$5,698$3,263$1,783$941$485$115
48 years$5,515$3,115$1,676$870$440$101
49 years$5,341$2,974$1,575$804$400$88
50 years$5,175$2,841$1,481$743$363$77

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $5,300,000, adding $5,913 every year, while hoping to spend $28,760 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: 74/13/13 Blend
66$5,300,000$5,300,000$5,300,000$5,300,000
67$5,846,699$5,565,799$5,483,649$6,263,104
68$6,412,462$5,807,923$5,636,751$6,781,225
69$7,034,969$6,060,947$5,794,018$7,344,584
70$7,719,977$6,325,375$5,955,559$7,961,044
71$8,473,831$6,601,734$6,121,486$8,635,865
72$9,303,519$6,890,577$6,291,914$9,374,838
73$10,216,745$7,192,482$6,466,959$10,184,339
74$11,221,994$7,508,054$6,646,744$11,071,386
75$12,328,617$7,837,929$6,831,390$12,043,708
76$13,546,919$8,182,770$7,021,023$13,109,816
77$14,888,251$8,543,273$7,215,775$14,279,080
78$16,365,126$8,920,166$7,415,776$15,561,820
79$17,991,327$9,314,212$7,621,163$16,969,398
80$19,782,045$9,726,211$7,832,074$18,514,331
81$21,754,018$10,157,000$8,048,653$20,210,401
82$23,925,689$10,607,454$8,271,044$22,072,788
83$26,317,383$11,078,493$8,499,398$24,118,210
84$28,951,494$11,571,077$8,733,866$26,365,084
85$31,852,702$12,086,215$8,974,606$28,833,691
86$35,048,200$12,624,962$9,221,777$31,546,374
87$38,567,954$13,188,423$9,475,544$34,527,742
88$42,444,985$13,777,756$9,736,075$37,804,904
89$46,715,681$14,394,173$10,003,541$41,407,722
90$51,420,139$15,038,947$10,278,119$45,369,092
91$56,602,545$15,713,407$10,559,988$49,725,252
92$62,311,590$16,418,949$10,849,332$54,516,122
93$68,600,928$17,157,033$11,146,340$59,785,683
94$75,529,685$17,929,190$11,451,205$65,582,386
95$83,163,016$18,737,024$11,764,124$71,959,608
96$91,572,721$19,582,215$12,085,299$78,976,156
97$100,837,918$20,466,523$12,414,937$86,696,818
98$111,045,796$21,391,793$12,753,247$95,192,976
99$122,292,433$22,359,957$13,100,447$104,543,271
100$134,683,707$23,373,040$13,456,757$114,834,350