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

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 $5,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$437,669$433,771$429,967$426,254$422,629$409,593
2 years$216,668$212,633$208,722$204,930$201,252$188,232
3 years$143,010$138,958$135,057$131,301$127,683$115,087
4 years$106,189$102,149$98,287$94,595$91,064$78,990
5 years$84,102$80,086$76,275$72,658$69,226$57,706
6 years$69,382$65,396$61,641$58,105$54,776$43,820
7 years$58,872$54,920$51,224$47,771$44,547$34,155
8 years$50,993$47,076$43,442$40,074$36,956$27,120
9 years$44,868$40,988$37,417$34,134$31,123$21,832
10 years$39,971$36,129$32,621$29,424$26,518$17,760
11 years$35,967$32,164$28,719$25,608$22,806$14,565
12 years$32,632$28,868$25,487$22,461$19,764$12,022
13 years$29,813$26,089$22,771$19,830$17,234$9,973
14 years$27,399$23,714$20,460$17,603$15,107$8,309
15 years$25,308$21,663$18,473$15,699$13,302$6,945
16 years$23,481$19,875$16,748$14,057$11,756$5,822
17 years$21,870$18,304$15,240$12,630$10,424$4,892
18 years$20,440$16,914$13,912$11,382$9,268$4,118
19 years$19,162$15,676$12,736$10,285$8,261$3,472
20 years$18,013$14,567$11,688$9,315$7,379$2,931
21 years$16,975$13,568$10,751$8,454$6,603$2,477
22 years$16,032$12,666$9,909$7,686$5,919$2,096
23 years$15,173$11,846$9,149$7,000$5,313$1,774
24 years$14,387$11,099$8,461$6,384$4,776$1,503
25 years$13,664$10,416$7,837$5,831$4,297$1,274
26 years$12,998$9,789$7,268$5,331$3,871$1,081
27 years$12,383$9,213$6,749$4,880$3,490$917
28 years$11,813$8,681$6,274$4,471$3,149$778
29 years$11,282$8,190$5,839$4,100$2,843$661
30 years$10,789$7,734$5,439$3,763$2,569$561
31 years$10,327$7,311$5,070$3,456$2,323$477
32 years$9,896$6,918$4,731$3,176$2,101$405
33 years$9,492$6,551$4,417$2,921$1,902$344
34 years$9,112$6,209$4,127$2,687$1,722$292
35 years$8,754$5,889$3,858$2,474$1,559$248
36 years$8,418$5,590$3,610$2,278$1,413$211
37 years$8,100$5,309$3,378$2,099$1,281$179
38 years$7,800$5,046$3,164$1,935$1,161$153
39 years$7,515$4,798$2,964$1,784$1,053$130
40 years$7,246$4,565$2,778$1,645$955$110
41 years$6,990$4,345$2,605$1,518$866$94
42 years$6,748$4,138$2,444$1,401$786$80
43 years$6,517$3,943$2,293$1,293$713$68
44 years$6,297$3,758$2,152$1,194$648$58
45 years$6,088$3,584$2,021$1,103$588$49
46 years$5,888$3,419$1,898$1,019$534$42
47 years$5,698$3,263$1,783$941$485$35
48 years$5,515$3,115$1,676$870$440$30
49 years$5,341$2,974$1,575$804$400$26
50 years$5,175$2,841$1,481$743$363$22

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 $5,557 every year, while hoping to spend $23,174 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: 64/19/17 Blend
66$5,300,000$5,300,000$5,300,000$5,300,000
67$5,846,332$5,565,432$5,483,282$6,195,472
68$6,418,001$5,813,481$5,642,315$6,678,479
69$7,047,203$6,072,908$5,805,899$7,202,752
70$7,739,783$6,344,246$5,974,162$7,774,923
71$8,502,180$6,628,053$6,147,235$8,399,666
72$9,341,489$6,924,914$6,325,254$9,082,126
73$10,265,528$7,235,442$6,508,357$9,827,965
74$11,282,912$7,560,278$6,696,687$10,643,410
75$12,403,133$7,900,096$6,890,390$11,535,317
76$13,636,652$8,255,601$7,089,618$12,511,229
77$14,994,995$8,627,529$7,294,524$13,579,451
78$16,490,862$9,016,656$7,505,268$14,749,122
79$18,138,248$9,423,790$7,722,013$16,030,303
80$19,952,575$9,849,781$7,944,926$17,434,068
81$21,950,837$10,295,520$8,174,180$18,972,611
82$24,151,758$10,761,937$8,409,952$20,659,356
83$26,575,975$11,250,009$8,652,423$22,509,083
84$29,246,226$11,760,760$8,901,779$24,538,065
85$32,187,566$12,295,262$9,158,214$26,764,221
86$35,427,606$12,854,639$9,421,923$29,207,285
87$38,996,774$13,440,068$9,693,109$31,888,984
88$42,928,596$14,052,783$9,971,980$34,833,249
89$47,260,021$14,694,077$10,258,749$38,066,432
90$52,031,760$15,365,305$10,553,635$41,617,556
91$57,288,681$16,067,886$10,856,863$45,518,587
92$63,080,222$16,803,308$11,168,663$49,804,732
93$69,460,866$17,573,131$11,489,275$54,514,767
94$76,490,649$18,378,989$11,818,940$59,691,404
95$84,235,730$19,222,594$12,157,909$65,381,688
96$92,769,015$20,105,742$12,506,440$71,637,443
97$102,170,844$21,030,313$12,864,795$78,515,751
98$112,529,751$21,998,279$13,233,246$86,079,494
99$123,943,296$23,011,705$13,612,071$94,397,941
100$136,518,992$24,072,758$14,001,555$103,547,400