Can I retire at age 75 with 5,000,000?

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 $5,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$412,895$409,217$405,629$402,127$398,707$391,137
2 years$204,404$200,597$196,907$193,330$189,860$182,263
3 years$134,915$131,092$127,412$123,869$120,455$113,068
4 years$100,178$96,367$92,723$89,240$85,910$78,789
5 years$79,341$75,553$71,957$68,545$65,307$58,473
6 years$65,455$61,694$58,152$54,816$51,675$45,136
7 years$55,539$51,811$48,325$45,067$42,026$35,782
8 years$48,106$44,411$40,983$37,806$34,865$28,915
9 years$42,328$38,668$35,299$32,202$29,361$23,703
10 years$37,708$34,084$30,774$27,759$25,017$19,644
11 years$33,931$30,343$27,093$24,158$21,515$16,422
12 years$30,785$27,234$24,044$21,190$18,645$13,823
13 years$28,126$24,612$21,482$18,708$16,259$11,701
14 years$25,848$22,371$19,302$16,607$14,252$9,951
15 years$23,876$20,437$17,427$14,810$12,549$8,494
16 years$22,152$18,750$15,800$13,261$11,091$7,274
17 years$20,632$17,268$14,377$11,915$9,834$6,246
18 years$19,283$15,957$13,125$10,738$8,744$5,376
19 years$18,077$14,789$12,015$9,702$7,793$4,635
20 years$16,993$13,742$11,027$8,787$6,961$4,003
21 years$16,014$12,800$10,143$7,975$6,230$3,462
22 years$15,125$11,949$9,348$7,251$5,584$2,998
23 years$14,314$11,175$8,631$6,604$5,012$2,599
24 years$13,572$10,471$7,982$6,023$4,505$2,255
25 years$12,891$9,826$7,393$5,501$4,054$1,958
26 years$12,263$9,235$6,857$5,029$3,652$1,701
27 years$11,682$8,691$6,367$4,604$3,292$1,478
28 years$11,144$8,190$5,919$4,218$2,971$1,286
29 years$10,644$7,726$5,508$3,868$2,683$1,119
30 years$10,178$7,296$5,131$3,550$2,424$974
31 years$9,743$6,898$4,783$3,260$2,191$848
32 years$9,336$6,526$4,463$2,996$1,982$739
33 years$8,954$6,181$4,167$2,755$1,794$643
34 years$8,596$5,858$3,893$2,535$1,624$561
35 years$8,259$5,556$3,640$2,334$1,471$489
36 years$7,941$5,274$3,405$2,149$1,333$426
37 years$7,641$5,009$3,187$1,980$1,208$371
38 years$7,358$4,760$2,985$1,825$1,095$324
39 years$7,090$4,526$2,796$1,683$993$282
40 years$6,836$4,306$2,621$1,552$901$246
41 years$6,595$4,099$2,458$1,432$817$215
42 years$6,366$3,904$2,305$1,322$742$187
43 years$6,148$3,720$2,163$1,220$673$163
44 years$5,941$3,546$2,031$1,127$611$142
45 years$5,743$3,381$1,907$1,040$555$124
46 years$5,555$3,225$1,791$961$504$108
47 years$5,375$3,078$1,682$888$457$95
48 years$5,203$2,938$1,581$820$415$82
49 years$5,039$2,806$1,486$758$377$72
50 years$4,882$2,680$1,397$701$343$63

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $5,000,000, adding $2,093 every year, while hoping to spend $36,819 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: 78/5/17 Blend
74$5,000,000$5,000,000$5,000,000$5,000,000
75$5,512,159$5,247,159$5,169,659$5,921,339
76$6,035,224$5,465,095$5,303,667$6,409,545
77$6,610,408$5,692,475$5,440,931$6,940,101
78$7,242,987$5,929,724$5,581,520$7,521,097
79$7,938,777$6,177,286$5,725,506$8,157,567
80$8,704,183$6,435,623$5,872,961$8,855,055
81$9,546,263$6,705,223$6,023,959$9,619,667
82$10,472,795$6,986,591$6,178,574$10,458,125
83$11,492,346$7,280,260$6,336,883$11,377,838
84$12,614,358$7,586,786$6,498,961$12,386,963
85$13,849,234$7,906,750$6,664,888$13,494,486
86$15,208,436$8,240,761$6,834,742$14,710,306
87$16,704,594$8,589,456$7,008,603$16,045,327
88$18,351,624$8,953,501$7,186,553$17,511,560
89$20,164,861$9,333,593$7,368,674$19,122,236
90$22,161,202$9,730,464$7,555,049$20,891,934
91$24,359,264$10,144,876$7,745,763$22,836,710
92$26,779,563$10,577,630$7,940,900$24,974,258
93$29,444,706$11,029,561$8,140,548$27,324,067
94$32,379,603$11,501,547$8,344,793$29,907,611
95$35,611,703$11,994,503$8,553,724$32,748,547
96$39,171,252$12,509,389$8,767,429$35,872,941
97$43,091,581$13,047,210$8,986,000$39,309,511
98$47,409,417$13,609,018$9,209,525$43,089,896
99$52,165,230$14,195,913$9,438,097$47,248,959
100$57,403,618$14,809,047$9,671,808$51,825,109