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

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 $5,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$454,185$450,139$446,192$442,340$438,578$432,024
2 years$224,844$220,656$216,598$212,663$208,847$202,258
3 years$148,407$144,201$140,153$136,255$132,501$126,083
4 years$110,196$106,003$101,996$98,164$94,501$88,303
5 years$87,275$83,108$79,153$75,400$71,838$65,879
6 years$72,000$67,864$63,967$60,298$56,843$51,129
7 years$61,093$56,992$53,157$49,574$46,229$40,761
8 years$52,917$48,853$45,081$41,586$38,351$33,130
9 years$46,561$42,535$38,829$35,422$32,297$27,319
10 years$41,479$37,493$33,852$30,534$27,519$22,781
11 years$37,324$33,377$29,802$26,574$23,667$19,164
12 years$33,864$29,958$26,449$23,309$20,509$16,236
13 years$30,938$27,073$23,630$20,578$17,885$13,834
14 years$28,433$24,609$21,232$18,267$15,677$11,844
15 years$26,263$22,480$19,170$16,291$13,804$10,181
16 years$24,367$20,625$17,380$14,587$12,200$8,780
17 years$22,696$18,995$15,815$13,106$10,817$7,593
18 years$21,211$17,552$14,437$11,811$9,618$6,582
19 years$19,885$16,267$13,217$10,673$8,573$5,717
20 years$18,693$15,116$12,130$9,666$7,657$4,975
21 years$17,615$14,080$11,157$8,773$6,853$4,335
22 years$16,637$13,144$10,283$7,976$6,142$3,783
23 years$15,746$12,293$9,494$7,264$5,514$3,305
24 years$14,930$11,518$8,781$6,625$4,956$2,889
25 years$14,180$10,809$8,133$6,051$4,459$2,529
26 years$13,489$10,158$7,543$5,532$4,017$2,215
27 years$12,850$9,560$7,004$5,064$3,622$1,941
28 years$12,258$9,009$6,511$4,640$3,268$1,702
29 years$11,708$8,499$6,059$4,255$2,951$1,493
30 years$11,196$8,026$5,644$3,905$2,666$1,310
31 years$10,717$7,587$5,262$3,586$2,411$1,150
32 years$10,269$7,179$4,909$3,296$2,180$1,010
33 years$9,850$6,799$4,584$3,031$1,973$887
34 years$9,456$6,444$4,283$2,789$1,787$780
35 years$9,085$6,112$4,004$2,567$1,618$685
36 years$8,735$5,801$3,746$2,364$1,466$602
37 years$8,405$5,510$3,506$2,178$1,329$530
38 years$8,094$5,236$3,283$2,008$1,205$466
39 years$7,799$4,979$3,076$1,851$1,092$410
40 years$7,519$4,737$2,883$1,708$991$360
41 years$7,254$4,509$2,703$1,575$899$317
42 years$7,002$4,294$2,536$1,454$816$279
43 years$6,763$4,092$2,380$1,342$740$245
44 years$6,535$3,900$2,234$1,239$672$216
45 years$6,318$3,719$2,097$1,144$610$190
46 years$6,110$3,548$1,970$1,057$554$167
47 years$5,913$3,386$1,851$977$503$147
48 years$5,724$3,232$1,739$902$457$129
49 years$5,543$3,087$1,635$834$415$114
50 years$5,370$2,949$1,537$771$377$100

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 $5,876 every year, while hoping to spend $38,341 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: 54/38/8 Blend
66$5,500,000$5,500,000$5,500,000$5,500,000
67$6,067,061$5,775,561$5,690,311$6,382,653
68$6,645,107$6,017,769$5,840,142$6,839,152
69$7,280,828$6,270,560$5,993,707$7,331,020
70$7,980,068$6,534,413$6,151,091$7,865,414
71$8,749,262$6,809,826$6,312,381$8,446,371
72$9,595,504$7,097,325$6,477,663$9,078,329
73$10,526,608$7,397,457$6,647,027$9,766,163
74$11,551,184$7,710,794$6,820,564$10,515,233
75$12,678,719$8,037,937$6,998,367$11,331,431
76$13,919,666$8,379,514$7,180,530$12,221,236
77$15,285,543$8,736,181$7,367,149$13,191,772
78$16,789,040$9,108,625$7,558,320$14,250,873
79$18,444,142$9,497,568$7,754,144$15,407,156
80$20,266,256$9,903,761$7,954,719$16,670,098
81$22,272,362$10,327,993$8,160,150$18,050,126
82$24,481,168$10,771,089$8,370,540$19,558,711
83$26,913,288$11,233,913$8,585,994$21,208,473
84$29,591,438$11,717,369$8,806,619$23,013,300
85$32,540,648$12,222,405$9,032,525$24,988,472
86$35,788,501$12,750,009$9,263,821$27,150,808
87$39,365,389$13,301,221$9,500,620$29,518,817
88$43,304,804$13,877,125$9,743,036$32,112,870
89$47,643,649$14,478,859$9,991,183$34,955,393
90$52,422,592$15,107,614$10,245,178$38,071,069
91$57,686,444$15,764,635$10,505,139$41,487,072
92$63,484,587$16,451,228$10,771,187$45,233,317
93$69,871,435$17,168,759$11,043,442$49,342,742
94$76,906,952$17,918,658$11,322,028$53,851,609
95$84,657,213$18,702,425$11,607,068$58,799,846
96$93,195,033$19,521,627$11,898,688$64,231,420
97$102,600,647$20,377,908$12,197,016$70,194,743
98$112,962,475$21,272,987$12,502,178$76,743,129
99$124,377,952$22,208,668$12,814,305$83,935,287
100$136,954,446$23,186,836$13,133,527$91,835,874