Can I retire at age 67 with 5,500,000?

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 $5,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$454,185$450,139$446,192$442,340$438,578$423,860
2 years$224,844$220,656$216,598$212,663$208,847$194,164
3 years$148,407$144,201$140,153$136,255$132,501$118,314
4 years$110,196$106,003$101,996$98,164$94,501$80,919
5 years$87,275$83,108$79,153$75,400$71,838$58,897
6 years$72,000$67,864$63,967$60,298$56,843$44,553
7 years$61,093$56,992$53,157$49,574$46,229$34,588
8 years$52,917$48,853$45,081$41,586$38,351$27,351
9 years$46,561$42,535$38,829$35,422$32,297$21,924
10 years$41,479$37,493$33,852$30,534$27,519$17,756
11 years$37,324$33,377$29,802$26,574$23,667$14,496
12 years$33,864$29,958$26,449$23,309$20,509$11,909
13 years$30,938$27,073$23,630$20,578$17,885$9,834
14 years$28,433$24,609$21,232$18,267$15,677$8,152
15 years$26,263$22,480$19,170$16,291$13,804$6,781
16 years$24,367$20,625$17,380$14,587$12,200$5,656
17 years$22,696$18,995$15,815$13,106$10,817$4,727
18 years$21,211$17,552$14,437$11,811$9,618$3,959
19 years$19,885$16,267$13,217$10,673$8,573$3,320
20 years$18,693$15,116$12,130$9,666$7,657$2,788
21 years$17,615$14,080$11,157$8,773$6,853$2,344
22 years$16,637$13,144$10,283$7,976$6,142$1,972
23 years$15,746$12,293$9,494$7,264$5,514$1,660
24 years$14,930$11,518$8,781$6,625$4,956$1,399
25 years$14,180$10,809$8,133$6,051$4,459$1,179
26 years$13,489$10,158$7,543$5,532$4,017$994
27 years$12,850$9,560$7,004$5,064$3,622$839
28 years$12,258$9,009$6,511$4,640$3,268$708
29 years$11,708$8,499$6,059$4,255$2,951$598
30 years$11,196$8,026$5,644$3,905$2,666$505
31 years$10,717$7,587$5,262$3,586$2,411$426
32 years$10,269$7,179$4,909$3,296$2,180$360
33 years$9,850$6,799$4,584$3,031$1,973$304
34 years$9,456$6,444$4,283$2,789$1,787$257
35 years$9,085$6,112$4,004$2,567$1,618$217
36 years$8,735$5,801$3,746$2,364$1,466$183
37 years$8,405$5,510$3,506$2,178$1,329$155
38 years$8,094$5,236$3,283$2,008$1,205$131
39 years$7,799$4,979$3,076$1,851$1,092$111
40 years$7,519$4,737$2,883$1,708$991$93
41 years$7,254$4,509$2,703$1,575$899$79
42 years$7,002$4,294$2,536$1,454$816$67
43 years$6,763$4,092$2,380$1,342$740$56
44 years$6,535$3,900$2,234$1,239$672$48
45 years$6,318$3,719$2,097$1,144$610$40
46 years$6,110$3,548$1,970$1,057$554$34
47 years$5,913$3,386$1,851$977$503$29
48 years$5,724$3,232$1,739$902$457$24
49 years$5,543$3,087$1,635$834$415$21
50 years$5,370$2,949$1,537$771$377$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $5,500,000, adding $5,334 every year, while hoping to spend $57,126 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: 74/9/17 Blend
66$5,500,000$5,500,000$5,500,000$5,500,000
67$6,066,502$5,775,002$5,689,752$6,491,519
68$6,624,504$5,997,195$5,819,577$6,996,018
69$7,237,507$6,228,362$5,951,837$7,541,135
70$7,911,061$6,468,880$6,086,552$8,136,951
71$8,651,281$6,719,147$6,223,743$8,788,491
72$9,464,902$6,979,576$6,363,429$9,501,292
73$10,359,345$7,250,598$6,505,627$10,281,448
74$11,342,785$7,532,664$6,650,352$11,135,673
75$12,424,230$7,826,246$6,797,620$12,071,358
76$13,613,604$8,131,834$6,947,442$13,096,646
77$14,921,840$8,449,942$7,099,830$14,220,502
78$16,360,985$8,781,106$7,254,791$15,452,804
79$17,944,311$9,125,887$7,412,333$16,804,429
80$19,686,444$9,484,868$7,572,460$18,287,359
81$21,603,497$9,858,662$7,735,172$19,914,793
82$23,713,224$10,247,907$7,900,471$21,701,268
83$26,035,187$10,653,269$8,068,351$23,662,802
84$28,590,942$11,075,445$8,238,806$25,817,035
85$31,404,239$11,515,162$8,411,827$28,183,405
86$34,501,248$11,973,182$8,587,400$30,783,321
87$37,910,807$12,450,299$8,765,509$33,640,371
88$41,664,688$12,947,343$8,946,134$36,780,543
89$45,797,906$13,465,183$9,129,248$40,232,465
90$50,349,040$14,004,724$9,314,825$44,027,681
91$55,360,601$14,566,914$9,502,831$48,200,941
92$60,879,434$15,152,745$9,693,228$52,790,534
93$66,957,158$15,763,251$9,885,973$57,838,643
94$73,650,652$16,399,515$10,081,017$63,391,748
95$81,022,595$17,062,667$10,278,307$69,501,057
96$89,142,052$17,753,890$10,477,783$76,222,996
97$98,085,131$18,474,421$10,679,378$83,619,733
98$107,935,698$19,225,551$10,883,021$91,759,770
99$118,786,168$20,008,631$11,088,631$100,718,582
100$130,738,378$20,825,076$11,296,121$110,579,334