Can I retire at age 65 with 5,600,000?

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 $5,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$462,443$458,324$454,305$450,382$446,552$430,879
2 years$228,932$224,668$220,536$216,530$212,644$197,018
3 years$151,105$146,823$142,702$138,733$134,910$119,823
4 years$112,200$107,931$103,850$99,949$96,219$81,785
5 years$88,862$84,619$80,592$76,771$73,144$59,402
6 years$73,309$69,098$65,130$61,394$57,876$44,836
7 years$62,204$58,028$54,124$50,475$47,069$34,728
8 years$53,879$49,741$45,901$42,343$39,048$27,397
9 years$47,408$43,308$39,535$36,066$32,884$21,907
10 years$42,233$38,174$34,467$31,090$28,019$17,698
11 years$38,003$33,984$30,344$27,057$24,097$14,411
12 years$34,480$30,502$26,930$23,733$20,882$11,808
13 years$31,501$27,565$24,060$20,953$18,210$9,723
14 years$28,950$25,056$21,618$18,599$15,963$8,039
15 years$26,741$22,889$19,518$16,587$14,055$6,668
16 years$24,810$21,000$17,696$14,852$12,422$5,545
17 years$23,108$19,341$16,103$13,345$11,014$4,621
18 years$21,597$17,872$14,700$12,026$9,793$3,858
19 years$20,247$16,563$13,457$10,867$8,729$3,226
20 years$19,033$15,391$12,350$9,842$7,797$2,701
21 years$17,936$14,336$11,360$8,932$6,977$2,263
22 years$16,940$13,383$10,470$8,121$6,254$1,898
23 years$16,032$12,516$9,667$7,396$5,614$1,593
24 years$15,201$11,727$8,940$6,746$5,046$1,338
25 years$14,438$11,005$8,280$6,161$4,541$1,124
26 years$13,734$10,343$7,680$5,633$4,090$945
27 years$13,084$9,734$7,131$5,156$3,687$795
28 years$12,481$9,172$6,629$4,724$3,327$669
29 years$11,921$8,653$6,169$4,332$3,004$563
30 years$11,399$8,172$5,746$3,976$2,715$473
31 years$10,912$7,725$5,357$3,651$2,454$398
32 years$10,456$7,310$4,998$3,356$2,220$335
33 years$10,029$6,922$4,667$3,086$2,009$282
34 years$9,627$6,561$4,361$2,839$1,819$238
35 years$9,250$6,223$4,077$2,614$1,648$200
36 years$8,894$5,906$3,814$2,407$1,493$169
37 years$8,558$5,610$3,570$2,218$1,353$142
38 years$8,241$5,331$3,343$2,044$1,227$120
39 years$7,941$5,069$3,132$1,885$1,112$101
40 years$7,656$4,823$2,936$1,739$1,009$85
41 years$7,386$4,591$2,753$1,604$915$71
42 years$7,130$4,372$2,582$1,480$831$60
43 years$6,886$4,166$2,423$1,367$754$51
44 years$6,654$3,971$2,274$1,262$684$43
45 years$6,432$3,787$2,135$1,165$621$36
46 years$6,221$3,613$2,006$1,076$564$30
47 years$6,020$3,447$1,884$994$512$26
48 years$5,828$3,291$1,771$919$465$22
49 years$5,644$3,143$1,664$849$422$18
50 years$5,468$3,002$1,565$785$384$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $5,600,000, adding $4,648 every year, while hoping to spend $55,083 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: 68/18/14 Blend
64$5,600,000$5,600,000$5,600,000$5,600,000
65$6,175,994$5,879,194$5,792,394$6,575,857
66$6,747,338$6,108,667$5,927,832$7,072,178
67$7,375,112$6,347,538$6,065,960$7,607,850
68$8,065,016$6,596,209$6,206,811$8,192,327
69$8,823,324$6,855,100$6,350,417$8,830,399
70$9,656,955$7,124,651$6,496,807$9,527,334
71$10,573,525$7,405,321$6,646,011$10,288,933
72$11,581,430$7,697,587$6,798,058$11,121,580
73$12,689,918$8,001,950$6,952,975$12,032,306
74$13,909,178$8,318,934$7,110,787$13,028,847
75$15,250,435$8,649,083$7,271,521$14,119,723
76$16,726,061$8,992,970$7,435,198$15,314,315
77$18,349,683$9,351,189$7,601,841$16,622,952
78$20,136,318$9,724,364$7,771,470$18,057,006
79$22,102,511$10,113,147$7,944,102$19,629,003
80$24,266,493$10,518,217$8,119,756$21,352,734
81$26,648,351$10,940,285$8,298,443$23,243,389
82$29,270,219$11,380,095$8,480,177$25,317,695
83$32,156,485$11,838,423$8,664,967$27,594,077
84$35,334,022$12,316,082$8,852,819$30,092,828
85$38,832,442$12,813,920$9,043,738$32,836,297
86$42,684,373$13,332,823$9,237,725$35,849,103
87$46,925,767$13,873,720$9,434,777$39,158,362
88$51,596,244$14,437,580$9,634,890$42,793,946
89$56,739,456$15,025,417$9,838,054$46,788,757
90$62,403,508$15,638,290$10,044,257$51,179,042
91$68,641,407$16,277,308$10,253,481$56,004,728
92$75,511,563$16,943,629$10,465,705$61,309,802
93$83,078,341$17,638,464$10,680,904$67,142,721
94$91,412,664$18,363,082$10,899,047$73,556,869
95$100,592,689$19,118,806$11,120,098$80,611,057
96$110,704,539$19,907,023$11,344,017$88,370,078
97$121,843,116$20,729,181$11,570,756$96,905,317
98$134,112,999$21,586,797$11,800,261$106,295,419
99$147,629,430$22,481,455$12,032,475$116,627,033
100$162,519,400$23,414,813$12,267,331$127,995,624