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%19%
1 years$454,185$450,139$446,192$442,340$438,578$422,680
2 years$224,844$220,656$216,598$212,663$208,847$193,005
3 years$148,407$144,201$140,153$136,255$132,501$117,213
4 years$110,196$106,003$101,996$98,164$94,501$79,883
5 years$87,275$83,108$79,153$75,400$71,838$57,928
6 years$72,000$67,864$63,967$60,298$56,843$43,652
7 years$61,093$56,992$53,157$49,574$46,229$33,753
8 years$52,917$48,853$45,081$41,586$38,351$26,580
9 years$46,561$42,535$38,829$35,422$32,297$21,215
10 years$41,479$37,493$33,852$30,534$27,519$17,106
11 years$37,324$33,377$29,802$26,574$23,667$13,902
12 years$33,864$29,958$26,449$23,309$20,509$11,368
13 years$30,938$27,073$23,630$20,578$17,885$9,342
14 years$28,433$24,609$21,232$18,267$15,677$7,707
15 years$26,263$22,480$19,170$16,291$13,804$6,379
16 years$24,367$20,625$17,380$14,587$12,200$5,293
17 years$22,696$18,995$15,815$13,106$10,817$4,402
18 years$21,211$17,552$14,437$11,811$9,618$3,667
19 years$19,885$16,267$13,217$10,673$8,573$3,059
20 years$18,693$15,116$12,130$9,666$7,657$2,555
21 years$17,615$14,080$11,157$8,773$6,853$2,136
22 years$16,637$13,144$10,283$7,976$6,142$1,788
23 years$15,746$12,293$9,494$7,264$5,514$1,497
24 years$14,930$11,518$8,781$6,625$4,956$1,254
25 years$14,180$10,809$8,133$6,051$4,459$1,051
26 years$13,489$10,158$7,543$5,532$4,017$882
27 years$12,850$9,560$7,004$5,064$3,622$740
28 years$12,258$9,009$6,511$4,640$3,268$621
29 years$11,708$8,499$6,059$4,255$2,951$521
30 years$11,196$8,026$5,644$3,905$2,666$437
31 years$10,717$7,587$5,262$3,586$2,411$367
32 years$10,269$7,179$4,909$3,296$2,180$308
33 years$9,850$6,799$4,584$3,031$1,973$259
34 years$9,456$6,444$4,283$2,789$1,787$217
35 years$9,085$6,112$4,004$2,567$1,618$183
36 years$8,735$5,801$3,746$2,364$1,466$153
37 years$8,405$5,510$3,506$2,178$1,329$129
38 years$8,094$5,236$3,283$2,008$1,205$108
39 years$7,799$4,979$3,076$1,851$1,092$91
40 years$7,519$4,737$2,883$1,708$991$76
41 years$7,254$4,509$2,703$1,575$899$64
42 years$7,002$4,294$2,536$1,454$816$54
43 years$6,763$4,092$2,380$1,342$740$45
44 years$6,535$3,900$2,234$1,239$672$38
45 years$6,318$3,719$2,097$1,144$610$32
46 years$6,110$3,548$1,970$1,057$554$27
47 years$5,913$3,386$1,851$977$503$23
48 years$5,724$3,232$1,739$902$457$19
49 years$5,543$3,087$1,635$834$415$16
50 years$5,370$2,949$1,537$771$377$13

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 $3,381 every year, while hoping to spend $29,176 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: 73/9/18 Blend
66$5,500,000$5,500,000$5,500,000$5,500,000
67$6,064,488$5,772,988$5,687,738$6,481,459
68$6,652,022$6,024,821$5,847,234$7,010,486
69$7,298,508$6,288,016$6,011,095$7,585,972
70$8,009,926$6,563,099$6,179,437$8,215,652
71$8,792,868$6,850,621$6,352,378$8,904,903
72$9,654,598$7,151,159$6,530,040$9,659,645
73$10,603,116$7,465,315$6,712,546$10,486,396
74$11,647,242$7,793,724$6,900,024$11,392,332
75$12,796,691$8,137,046$7,092,605$12,385,356
76$14,062,169$8,495,976$7,290,423$13,474,172
77$15,455,472$8,871,241$7,493,614$14,668,364
78$16,989,599$9,263,601$7,702,319$15,978,486
79$18,678,874$9,673,853$7,916,682$17,416,163
80$20,539,079$10,102,833$8,136,851$18,994,198
81$22,587,607$10,551,413$8,362,978$20,726,694
82$24,843,621$11,020,510$8,595,216$22,629,182
83$27,328,239$11,511,084$8,833,724$24,718,771
84$30,064,731$12,024,139$9,078,665$27,014,305
85$33,078,739$12,560,727$9,330,206$29,536,544
86$36,398,519$13,121,951$9,588,516$32,308,353
87$40,055,207$13,708,966$9,853,771$35,354,924
88$44,083,116$14,322,983$10,126,150$38,704,004
89$48,520,052$14,965,268$10,405,835$42,386,165
90$53,407,681$15,637,149$10,693,013$46,435,082
91$58,791,913$16,340,018$10,987,878$50,887,857
92$64,723,341$17,075,332$11,290,625$55,785,364
93$71,257,716$17,844,617$11,601,455$61,172,634
94$78,456,474$18,649,475$11,920,575$67,099,280
95$86,387,316$19,491,580$12,248,195$73,619,961
96$95,124,844$20,372,690$12,584,532$80,794,899
97$104,751,270$21,294,643$12,929,805$88,690,444
98$115,357,187$22,259,369$13,284,242$97,379,700
99$127,042,429$23,268,886$13,648,073$106,943,212
100$139,917,008$24,325,313$14,021,534$117,469,725