Can I retire at age 65 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%15.1%
1 years$454,185$450,139$446,192$442,340$438,578$429,372
2 years$224,844$220,656$216,598$212,663$208,847$199,615
3 years$148,407$144,201$140,153$136,255$132,501$123,532
4 years$110,196$106,003$101,996$98,164$94,501$85,863
5 years$87,275$83,108$79,153$75,400$71,838$63,557
6 years$72,000$67,864$63,967$60,298$56,843$48,926
7 years$61,093$56,992$53,157$49,574$46,229$38,679
8 years$52,917$48,853$45,081$41,586$38,351$31,165
9 years$46,561$42,535$38,829$35,422$32,297$25,470
10 years$41,479$37,493$33,852$30,534$27,519$21,044
11 years$37,324$33,377$29,802$26,574$23,667$17,537
12 years$33,864$29,958$26,449$23,309$20,509$14,714
13 years$30,938$27,073$23,630$20,578$17,885$12,414
14 years$28,433$24,609$21,232$18,267$15,677$10,521
15 years$26,263$22,480$19,170$16,291$13,804$8,950
16 years$24,367$20,625$17,380$14,587$12,200$7,638
17 years$22,696$18,995$15,815$13,106$10,817$6,535
18 years$21,211$17,552$14,437$11,811$9,618$5,603
19 years$19,885$16,267$13,217$10,673$8,573$4,814
20 years$18,693$15,116$12,130$9,666$7,657$4,142
21 years$17,615$14,080$11,157$8,773$6,853$3,569
22 years$16,637$13,144$10,283$7,976$6,142$3,078
23 years$15,746$12,293$9,494$7,264$5,514$2,658
24 years$14,930$11,518$8,781$6,625$4,956$2,297
25 years$14,180$10,809$8,133$6,051$4,459$1,986
26 years$13,489$10,158$7,543$5,532$4,017$1,719
27 years$12,850$9,560$7,004$5,064$3,622$1,488
28 years$12,258$9,009$6,511$4,640$3,268$1,289
29 years$11,708$8,499$6,059$4,255$2,951$1,117
30 years$11,196$8,026$5,644$3,905$2,666$968
31 years$10,717$7,587$5,262$3,586$2,411$840
32 years$10,269$7,179$4,909$3,296$2,180$728
33 years$9,850$6,799$4,584$3,031$1,973$632
34 years$9,456$6,444$4,283$2,789$1,787$548
35 years$9,085$6,112$4,004$2,567$1,618$476
36 years$8,735$5,801$3,746$2,364$1,466$413
37 years$8,405$5,510$3,506$2,178$1,329$358
38 years$8,094$5,236$3,283$2,008$1,205$311
39 years$7,799$4,979$3,076$1,851$1,092$270
40 years$7,519$4,737$2,883$1,708$991$235
41 years$7,254$4,509$2,703$1,575$899$204
42 years$7,002$4,294$2,536$1,454$816$177
43 years$6,763$4,092$2,380$1,342$740$154
44 years$6,535$3,900$2,234$1,239$672$133
45 years$6,318$3,719$2,097$1,144$610$116
46 years$6,110$3,548$1,970$1,057$554$101
47 years$5,913$3,386$1,851$977$503$87
48 years$5,724$3,232$1,739$902$457$76
49 years$5,543$3,087$1,635$834$415$66
50 years$5,370$2,949$1,537$771$377$57

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $5,500,000, adding $4,526 every year, while hoping to spend $43,637 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: 53/42/5 Blend
64$5,500,000$5,500,000$5,500,000$5,500,000
65$6,065,669$5,774,169$5,688,919$6,380,316
66$6,637,937$6,010,673$5,833,068$6,830,103
67$7,267,115$6,257,304$5,980,584$7,313,976
68$7,958,960$6,514,512$6,131,533$7,839,291
69$8,719,817$6,782,766$6,285,982$8,409,965
70$9,556,677$7,062,560$6,444,001$9,030,300
71$10,477,241$7,354,408$6,605,658$9,705,027
72$11,489,994$7,658,849$6,771,022$10,439,342
73$12,604,286$7,976,445$6,940,164$11,238,957
74$13,830,419$8,307,787$7,113,155$12,110,153
75$15,179,743$8,653,490$7,290,067$13,059,834
76$16,664,765$9,014,199$7,470,973$14,095,593
77$18,299,265$9,390,588$7,655,944$15,225,779
78$20,098,427$9,783,364$7,845,055$16,459,575
79$22,078,981$10,193,263$8,038,379$17,807,083
80$24,259,363$10,621,059$8,235,990$19,279,414
81$26,659,886$11,067,559$8,437,964$20,888,792
82$29,302,933$11,533,609$8,644,375$22,648,666
83$32,213,170$12,020,092$8,855,299$24,573,837
84$35,417,772$12,527,936$9,070,810$26,680,588
85$38,946,688$13,058,108$9,290,986$28,986,843
86$42,832,917$13,611,622$9,515,901$31,512,325
87$47,112,822$14,189,539$9,745,630$34,278,743
88$51,826,472$14,792,968$9,980,251$37,309,995
89$57,018,020$15,423,073$10,219,838$40,632,383
90$62,736,122$16,081,067$10,464,467$44,274,866
91$69,034,392$16,768,225$10,714,212$48,269,322
92$75,971,910$17,485,877$10,969,147$52,650,848
93$83,613,778$18,235,419$11,229,348$57,458,087
94$92,031,739$19,018,309$11,494,886$62,733,586
95$101,304,846$19,836,076$11,765,834$68,524,196
96$111,520,214$20,690,319$12,042,264$74,881,505
97$122,773,842$21,582,710$12,324,246$81,862,324
98$135,171,515$22,515,004$12,611,849$89,529,212
99$148,829,805$23,489,035$12,905,142$97,951,069
100$163,877,171$24,506,723$13,204,189$107,203,770