Can I retire at age 67 with 5,700,000?

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 $5,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$470,701$466,508$462,417$458,425$454,526$446,812
2 years$233,020$228,680$224,474$220,396$216,441$208,693
3 years$153,804$149,445$145,250$141,210$137,319$129,779
4 years$114,203$109,858$105,705$101,734$97,937$90,662
5 years$90,449$86,130$82,031$78,141$74,450$67,461
6 years$74,618$70,332$66,293$62,490$58,910$52,215
7 years$63,315$59,064$55,090$51,377$47,910$41,511
8 years$54,841$50,629$46,721$43,099$39,746$33,642
9 years$48,254$44,082$40,241$36,711$33,472$27,660
10 years$42,987$38,856$35,083$31,645$28,519$22,994
11 years$38,681$34,591$30,886$27,540$24,528$19,283
12 years$35,095$31,047$27,411$24,157$21,255$16,284
13 years$32,063$28,058$24,490$21,327$18,535$13,830
14 years$29,467$25,504$22,004$18,931$16,248$11,801
15 years$27,218$23,298$19,867$16,884$14,306$10,108
16 years$25,253$21,375$18,012$15,117$12,643$8,687
17 years$23,521$19,686$16,390$13,583$11,210$7,486
18 years$21,983$18,191$14,962$12,241$9,968$6,466
19 years$20,608$16,859$13,697$11,061$8,885$5,596
20 years$19,372$15,666$12,571$10,018$7,936$4,851
21 years$18,256$14,592$11,563$9,092$7,102$4,212
22 years$17,242$13,621$10,657$8,266$6,366$3,661
23 years$16,318$12,740$9,840$7,528$5,714$3,186
24 years$15,472$11,936$9,100$6,866$5,136$2,775
25 years$14,695$11,202$8,428$6,271$4,622$2,419
26 years$13,979$10,528$7,817$5,734$4,163$2,110
27 years$13,318$9,908$7,259$5,248$3,753$1,841
28 years$12,704$9,336$6,748$4,808$3,387$1,608
29 years$12,134$8,808$6,279$4,409$3,058$1,405
30 years$11,603$8,318$5,849$4,047$2,763$1,228
31 years$11,107$7,863$5,453$3,717$2,498$1,074
32 years$10,643$7,440$5,088$3,416$2,260$939
33 years$10,208$7,046$4,750$3,141$2,045$821
34 years$9,799$6,678$4,438$2,890$1,852$719
35 years$9,415$6,334$4,150$2,660$1,677$629
36 years$9,053$6,012$3,882$2,450$1,520$551
37 years$8,711$5,710$3,633$2,257$1,377$482
38 years$8,388$5,426$3,403$2,081$1,249$422
39 years$8,082$5,160$3,188$1,919$1,132$370
40 years$7,793$4,909$2,988$1,770$1,027$324
41 years$7,518$4,673$2,802$1,633$932$284
42 years$7,257$4,451$2,628$1,507$845$248
43 years$7,009$4,241$2,466$1,391$767$218
44 years$6,772$4,042$2,315$1,284$696$191
45 years$6,547$3,855$2,174$1,186$632$167
46 years$6,333$3,677$2,042$1,096$574$146
47 years$6,128$3,509$1,918$1,012$521$128
48 years$5,932$3,350$1,802$935$473$112
49 years$5,744$3,199$1,694$864$430$98
50 years$5,565$3,056$1,593$799$391$86

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $5,700,000, adding $4,567 every year, while hoping to spend $24,275 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: 75/5/20 Blend
66$5,700,000$5,700,000$5,700,000$5,700,000
67$6,286,111$5,984,011$5,895,661$6,727,562
68$6,901,466$6,251,399$6,067,337$7,288,278
69$7,578,773$6,531,076$6,243,951$7,899,318
70$8,324,327$6,823,617$6,425,642$8,568,489
71$9,145,061$7,129,627$6,612,554$9,301,585
72$10,048,618$7,449,739$6,804,835$10,104,985
73$11,043,416$7,784,616$7,002,636$10,985,714
74$12,138,733$8,134,951$7,206,113$11,951,510
75$13,344,793$8,501,473$7,415,427$13,010,891
76$14,672,860$8,884,943$7,630,742$14,173,244
77$16,135,348$9,286,161$7,852,228$15,448,904
78$17,745,933$9,705,962$8,080,057$16,849,256
79$19,519,689$10,145,225$8,314,410$18,386,840
80$21,473,223$10,604,867$8,555,468$20,075,469
81$23,624,838$11,085,851$8,803,422$21,930,359
82$25,994,699$11,589,186$9,058,465$23,968,271
83$28,605,031$12,115,928$9,320,796$26,207,669
84$31,480,320$12,667,186$9,590,619$28,668,893
85$34,647,553$13,244,118$9,868,145$31,374,350
86$38,136,466$13,847,942$10,153,590$34,348,726
87$41,979,825$14,479,931$10,447,175$37,619,217
88$46,213,741$15,141,421$10,749,129$41,215,782
89$50,878,003$15,833,811$11,059,685$45,171,432
90$56,016,459$16,558,567$11,379,084$49,522,534
91$61,677,428$17,317,228$11,707,574$54,309,153
92$67,914,156$18,111,402$12,045,408$59,575,435
93$74,785,317$18,942,778$12,392,846$65,370,018
94$82,355,570$19,813,125$12,750,158$71,746,489
95$90,696,167$20,724,296$13,117,616$78,763,893
96$99,885,625$21,678,236$13,495,505$86,487,285
97$110,010,468$22,676,979$13,884,115$94,988,344
98$121,166,046$23,722,661$14,283,743$104,346,049
99$133,457,430$24,817,519$14,694,695$114,647,424
100$147,000,407$25,963,896$15,117,287$125,988,354