Can I retire at age 65 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%13.9%
1 years$412,895$409,217$405,629$402,127$398,707$392,263
2 years$204,404$200,597$196,907$193,330$189,860$183,386
3 years$134,915$131,092$127,412$123,869$120,455$114,152
4 years$100,178$96,367$92,723$89,240$85,910$79,826
5 years$79,341$75,553$71,957$68,545$65,307$59,461
6 years$65,455$61,694$58,152$54,816$51,675$46,073
7 years$55,539$51,811$48,325$45,067$42,026$36,669
8 years$48,106$44,411$40,983$37,806$34,865$29,752
9 years$42,328$38,668$35,299$32,202$29,361$24,490
10 years$37,708$34,084$30,774$27,759$25,017$20,384
11 years$33,931$30,343$27,093$24,158$21,515$17,116
12 years$30,785$27,234$24,044$21,190$18,645$14,473
13 years$28,126$24,612$21,482$18,708$16,259$12,308
14 years$25,848$22,371$19,302$16,607$14,252$10,516
15 years$23,876$20,437$17,427$14,810$12,549$9,020
16 years$22,152$18,750$15,800$13,261$11,091$7,763
17 years$20,632$17,268$14,377$11,915$9,834$6,699
18 years$19,283$15,957$13,125$10,738$8,744$5,795
19 years$18,077$14,789$12,015$9,702$7,793$5,022
20 years$16,993$13,742$11,027$8,787$6,961$4,360
21 years$16,014$12,800$10,143$7,975$6,230$3,791
22 years$15,125$11,949$9,348$7,251$5,584$3,301
23 years$14,314$11,175$8,631$6,604$5,012$2,877
24 years$13,572$10,471$7,982$6,023$4,505$2,509
25 years$12,891$9,826$7,393$5,501$4,054$2,191
26 years$12,263$9,235$6,857$5,029$3,652$1,914
27 years$11,682$8,691$6,367$4,604$3,292$1,673
28 years$11,144$8,190$5,919$4,218$2,971$1,464
29 years$10,644$7,726$5,508$3,868$2,683$1,281
30 years$10,178$7,296$5,131$3,550$2,424$1,121
31 years$9,743$6,898$4,783$3,260$2,191$982
32 years$9,336$6,526$4,463$2,996$1,982$860
33 years$8,954$6,181$4,167$2,755$1,794$754
34 years$8,596$5,858$3,893$2,535$1,624$661
35 years$8,259$5,556$3,640$2,334$1,471$579
36 years$7,941$5,274$3,405$2,149$1,333$508
37 years$7,641$5,009$3,187$1,980$1,208$445
38 years$7,358$4,760$2,985$1,825$1,095$391
39 years$7,090$4,526$2,796$1,683$993$343
40 years$6,836$4,306$2,621$1,552$901$301
41 years$6,595$4,099$2,458$1,432$817$264
42 years$6,366$3,904$2,305$1,322$742$231
43 years$6,148$3,720$2,163$1,220$673$203
44 years$5,941$3,546$2,031$1,127$611$178
45 years$5,743$3,381$1,907$1,040$555$156
46 years$5,555$3,225$1,791$961$504$137
47 years$5,375$3,078$1,682$888$457$120
48 years$5,203$2,938$1,581$820$415$106
49 years$5,039$2,806$1,486$758$377$93
50 years$4,882$2,680$1,397$701$343$81

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $5,000,000, adding $2,728 every year, while hoping to spend $50,248 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: 49/21/30 Blend
64$5,000,000$5,000,000$5,000,000$5,000,000
65$5,512,814$5,247,814$5,170,314$5,735,708
66$6,021,657$5,451,493$5,290,056$6,096,425
67$6,580,719$5,663,469$5,412,125$6,482,970
68$7,195,068$5,884,094$5,536,547$6,902,006
69$7,870,288$6,113,738$5,663,344$7,356,639
70$8,612,532$6,352,786$5,792,542$7,850,284
71$9,428,579$6,601,642$5,924,160$8,386,696
72$10,325,896$6,860,724$6,058,222$8,970,006
73$11,312,711$7,130,473$6,194,745$9,604,761
74$12,398,089$7,411,347$6,333,750$10,295,963
75$13,592,016$7,703,826$6,475,254$11,049,115
76$14,905,498$8,008,409$6,619,271$11,870,275
77$16,350,659$8,325,621$6,765,816$12,766,109
78$17,940,857$8,656,008$6,914,902$13,743,956
79$19,690,812$9,000,140$7,066,539$14,811,892
80$21,616,742$9,358,614$7,220,735$15,978,810
81$23,736,517$9,732,053$7,377,497$17,254,498
82$26,069,828$10,121,110$7,536,829$18,649,734
83$28,638,370$10,526,464$7,698,733$20,176,383
84$31,466,050$10,948,827$7,863,207$21,847,512
85$34,579,210$11,388,942$8,030,247$23,677,507
86$38,006,877$11,847,588$8,199,848$25,682,212
87$41,781,034$12,325,575$8,371,998$27,879,073
88$45,936,925$12,823,754$8,546,686$30,287,304
89$50,513,385$13,343,012$8,723,894$32,928,065
90$55,553,207$13,884,276$8,903,601$35,824,664
91$61,103,546$14,448,518$9,085,784$39,002,767
92$67,216,363$15,036,750$9,270,412$42,490,649
93$73,948,915$15,650,034$9,457,454$46,319,451
94$81,364,297$16,289,478$9,646,871$50,523,474
95$89,532,034$16,956,241$9,838,620$55,140,504
96$98,528,741$17,651,536$10,032,653$60,212,163
97$108,438,841$18,376,631$10,228,916$65,784,302
98$119,355,367$19,132,850$10,427,349$71,907,429
99$131,380,836$19,921,580$10,627,886$78,637,187
100$144,628,215$20,744,272$10,830,455$86,034,874