Can I retire at age 67 with 5,400,000?

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 $5,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$445,927$441,955$438,080$434,297$430,604$424,344
2 years$220,756$216,645$212,660$208,797$205,049$198,756
3 years$145,709$141,580$137,605$133,778$130,092$123,960
4 years$108,192$104,076$100,141$96,380$92,783$86,860
5 years$85,689$81,597$77,714$74,029$70,532$64,836
6 years$70,691$66,630$62,804$59,201$55,809$50,347
7 years$59,983$55,956$52,191$48,673$45,388$40,160
8 years$51,955$47,964$44,262$40,830$37,654$32,660
9 years$45,714$41,762$38,123$34,778$31,710$26,948
10 years$40,725$36,811$33,236$29,979$27,018$22,485
11 years$36,645$32,771$29,261$26,091$23,237$18,927
12 years$33,248$29,413$25,968$22,885$20,136$16,045
13 years$30,376$26,581$23,201$20,204$17,559$13,681
14 years$27,916$24,161$20,846$17,935$15,392$11,721
15 years$25,786$22,072$18,821$15,995$13,553$10,081
16 years$23,924$20,250$17,064$14,322$11,978$8,700
17 years$22,283$18,650$15,528$12,868$10,620$7,529
18 years$20,826$17,233$14,175$11,597$9,443$6,532
19 years$19,523$15,972$12,976$10,479$8,417$5,678
20 years$18,353$14,842$11,909$9,490$7,518$4,944
21 years$17,295$13,824$10,954$8,613$6,728$4,312
22 years$16,335$12,905$10,096$7,831$6,031$3,765
23 years$15,459$12,069$9,322$7,132$5,413$3,292
24 years$14,658$11,308$8,621$6,505$4,866$2,880
25 years$13,922$10,612$7,985$5,941$4,378$2,523
26 years$13,244$9,974$7,405$5,432$3,944$2,211
27 years$12,617$9,386$6,877$4,972$3,556$1,939
28 years$12,035$8,845$6,393$4,555$3,208$1,702
29 years$11,495$8,344$5,949$4,177$2,897$1,494
30 years$10,992$7,880$5,541$3,834$2,618$1,312
31 years$10,522$7,449$5,166$3,521$2,367$1,153
32 years$10,083$7,049$4,820$3,236$2,141$1,013
33 years$9,671$6,675$4,500$2,976$1,937$891
34 years$9,284$6,326$4,205$2,738$1,754$784
35 years$8,920$6,001$3,931$2,520$1,589$689
36 years$8,576$5,695$3,678$2,321$1,440$606
37 years$8,253$5,409$3,442$2,139$1,305$534
38 years$7,947$5,141$3,223$1,971$1,183$470
39 years$7,657$4,888$3,020$1,818$1,073$413
40 years$7,383$4,651$2,831$1,676$973$364
41 years$7,122$4,427$2,654$1,547$883$320
42 years$6,875$4,216$2,490$1,427$801$282
43 years$6,640$4,017$2,336$1,318$727$248
44 years$6,416$3,829$2,193$1,217$660$219
45 years$6,203$3,652$2,059$1,124$599$193
46 years$5,999$3,484$1,934$1,038$544$170
47 years$5,805$3,324$1,817$959$494$149
48 years$5,619$3,174$1,707$886$448$132
49 years$5,442$3,031$1,605$819$407$116
50 years$5,272$2,895$1,509$757$370$102

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $5,400,000, adding $2,345 every year, while hoping to spend $27,340 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: 58/15/27 Blend
66$5,400,000$5,400,000$5,400,000$5,400,000
67$5,953,219$5,667,019$5,583,319$6,254,579
68$6,531,358$5,915,613$5,741,271$6,709,675
69$7,167,550$6,175,472$5,903,597$7,202,558
70$7,867,689$6,447,120$6,070,417$7,739,424
71$8,638,268$6,731,102$6,241,850$8,324,543
72$9,486,439$7,027,995$6,418,020$8,962,612
73$10,420,087$7,338,397$6,599,055$9,658,799
74$11,447,897$7,662,940$6,785,084$10,418,792
75$12,579,440$8,002,281$6,976,241$11,248,850
76$13,825,261$8,357,112$7,172,664$12,155,858
77$15,196,982$8,728,154$7,374,493$13,147,399
78$16,707,407$9,116,167$7,581,871$14,231,816
79$18,370,646$9,521,943$7,794,947$15,418,293
80$20,202,247$9,946,312$8,013,873$16,716,940
81$22,219,341$10,390,147$8,238,803$18,138,890
82$24,440,808$10,854,358$8,469,896$19,696,395
83$26,887,449$11,339,901$8,707,317$21,402,949
84$29,582,189$11,847,776$8,951,232$23,273,406
85$32,550,288$12,379,032$9,201,814$25,324,127
86$35,819,580$12,934,767$9,459,237$27,573,122
87$39,420,738$13,516,132$9,723,683$30,040,230
88$43,387,563$14,124,332$9,995,336$32,747,294
89$47,757,300$14,760,630$10,274,385$35,718,372
90$52,570,993$15,426,349$10,561,025$38,979,961
91$57,873,869$16,122,875$10,855,454$42,561,242
92$63,715,769$16,851,661$11,157,877$46,494,356
93$70,151,613$17,614,229$11,468,502$50,814,705
94$77,241,925$18,412,173$11,787,544$55,561,282
95$85,053,395$19,247,163$12,115,221$60,777,039
96$93,659,519$20,120,952$12,451,758$66,509,288
97$103,141,283$21,035,372$12,797,386$72,810,148
98$113,587,935$21,992,346$13,152,339$79,737,028
99$125,097,823$22,993,889$13,516,860$87,353,173
100$137,779,322$24,042,111$13,891,196$95,728,256