Can I retire at age 75 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%14%
1 years$454,185$450,139$446,192$442,340$438,578$431,312
2 years$224,844$220,656$216,598$212,663$208,847$201,548
3 years$148,407$144,201$140,153$136,255$132,501$125,396
4 years$110,196$106,003$101,996$98,164$94,501$87,645
5 years$87,275$83,108$79,153$75,400$71,838$65,250
6 years$72,000$67,864$63,967$60,298$56,843$50,531
7 years$61,093$56,992$53,157$49,574$46,229$40,195
8 years$52,917$48,853$45,081$41,586$38,351$32,594
9 years$46,561$42,535$38,829$35,422$32,297$26,814
10 years$41,479$37,493$33,852$30,534$27,519$22,305
11 years$37,324$33,377$29,802$26,574$23,667$18,716
12 years$33,864$29,958$26,449$23,309$20,509$15,816
13 years$30,938$27,073$23,630$20,578$17,885$13,441
14 years$28,433$24,609$21,232$18,267$15,677$11,477
15 years$26,263$22,480$19,170$16,291$13,804$9,838
16 years$24,367$20,625$17,380$14,587$12,200$8,460
17 years$22,696$18,995$15,815$13,106$10,817$7,296
18 years$21,211$17,552$14,437$11,811$9,618$6,306
19 years$19,885$16,267$13,217$10,673$8,573$5,462
20 years$18,693$15,116$12,130$9,666$7,657$4,738
21 years$17,615$14,080$11,157$8,773$6,853$4,117
22 years$16,637$13,144$10,283$7,976$6,142$3,581
23 years$15,746$12,293$9,494$7,264$5,514$3,119
24 years$14,930$11,518$8,781$6,625$4,956$2,718
25 years$14,180$10,809$8,133$6,051$4,459$2,372
26 years$13,489$10,158$7,543$5,532$4,017$2,070
27 years$12,850$9,560$7,004$5,064$3,622$1,808
28 years$12,258$9,009$6,511$4,640$3,268$1,581
29 years$11,708$8,499$6,059$4,255$2,951$1,382
30 years$11,196$8,026$5,644$3,905$2,666$1,209
31 years$10,717$7,587$5,262$3,586$2,411$1,058
32 years$10,269$7,179$4,909$3,296$2,180$926
33 years$9,850$6,799$4,584$3,031$1,973$811
34 years$9,456$6,444$4,283$2,789$1,787$710
35 years$9,085$6,112$4,004$2,567$1,618$622
36 years$8,735$5,801$3,746$2,364$1,466$545
37 years$8,405$5,510$3,506$2,178$1,329$477
38 years$8,094$5,236$3,283$2,008$1,205$418
39 years$7,799$4,979$3,076$1,851$1,092$367
40 years$7,519$4,737$2,883$1,708$991$321
41 years$7,254$4,509$2,703$1,575$899$282
42 years$7,002$4,294$2,536$1,454$816$247
43 years$6,763$4,092$2,380$1,342$740$217
44 years$6,535$3,900$2,234$1,239$672$190
45 years$6,318$3,719$2,097$1,144$610$166
46 years$6,110$3,548$1,970$1,057$554$146
47 years$5,913$3,386$1,851$977$503$128
48 years$5,724$3,232$1,739$902$457$112
49 years$5,543$3,087$1,635$834$415$98
50 years$5,370$2,949$1,537$771$377$86

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $5,500,000, adding $2,968 every year, while hoping to spend $41,977 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: 52/21/27 Blend
74$5,500,000$5,500,000$5,500,000$5,500,000
75$6,064,061$5,772,561$5,687,311$6,333,382
76$6,637,933$6,010,754$5,833,173$6,758,860
77$7,268,932$6,259,211$5,982,514$7,216,955
78$7,962,841$6,518,391$6,135,407$7,714,457
79$8,726,033$6,788,774$6,291,925$8,255,143
80$9,565,526$7,070,861$6,452,142$8,843,167
81$10,489,055$7,365,178$6,616,134$9,483,097
82$11,505,140$7,672,274$6,783,977$10,179,959
83$12,623,172$7,992,723$6,955,748$10,939,282
84$13,853,495$8,327,126$7,131,525$11,767,148
85$15,207,508$8,676,112$7,311,387$12,670,250
86$16,697,770$9,040,338$7,495,415$13,655,952
87$18,338,121$9,420,492$7,683,689$14,732,359
88$20,143,808$9,817,295$7,876,292$15,908,390
89$22,131,635$10,231,501$8,073,306$17,193,863
90$24,320,114$10,663,897$8,274,814$18,599,583
91$26,729,646$11,115,308$8,480,901$20,137,448
92$29,382,710$11,586,599$8,691,651$21,820,551
93$32,304,076$12,078,671$8,907,151$23,663,311
94$35,521,038$12,592,472$9,127,487$25,681,600
95$39,063,671$13,128,991$9,352,745$27,892,895
96$42,965,116$13,689,262$9,583,012$30,316,440
97$47,261,893$14,274,371$9,818,378$32,973,426
98$51,994,243$14,885,451$10,058,930$35,887,186
99$57,206,508$15,523,692$10,304,758$39,083,419
100$62,947,554$16,190,334$10,555,949$42,590,425