Can I retire at age 66 with 5,100,000?

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 $5,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$421,153$417,402$413,742$410,169$406,681$392,252
2 years$208,492$204,609$200,846$197,197$193,658$179,274
3 years$137,614$133,714$129,960$126,346$122,864$108,979
4 years$102,182$98,294$94,578$91,025$87,628$74,346
5 years$80,928$77,064$73,396$69,916$66,613$53,970
6 years$66,764$62,928$59,315$55,912$52,709$40,714
7 years$56,650$52,847$49,291$45,969$42,866$31,517
8 years$49,068$45,300$41,803$38,562$35,562$24,849
9 years$43,175$39,442$36,005$32,846$29,948$19,858
10 years$38,462$34,766$31,390$28,314$25,517$16,032
11 years$34,610$30,950$27,635$24,641$21,946$13,046
12 years$31,401$27,779$24,525$21,614$19,018$10,683
13 years$28,688$25,104$21,912$19,082$16,584$8,791
14 years$26,365$22,819$19,688$16,939$14,537$7,262
15 years$24,353$20,846$17,775$15,106$12,800$6,019
16 years$22,595$19,125$16,116$13,526$11,312$5,002
17 years$21,045$17,614$14,665$12,153$10,030$4,166
18 years$19,669$16,276$13,387$10,952$8,919$3,476
19 years$18,439$15,084$12,255$9,896$7,949$2,904
20 years$17,333$14,017$11,247$8,963$7,101$2,429
21 years$16,334$13,056$10,345$8,135$6,354$2,034
22 years$15,427$12,188$9,535$7,396$5,696$1,705
23 years$14,601$11,399$8,804$6,736$5,113$1,430
24 years$13,844$10,680$8,142$6,144$4,595$1,200
25 years$13,149$10,023$7,541$5,611$4,135$1,007
26 years$12,508$9,420$6,994$5,130$3,725$846
27 years$11,916$8,865$6,495$4,696$3,358$711
28 years$11,367$8,353$6,038$4,302$3,030$598
29 years$10,857$7,881$5,618$3,945$2,736$502
30 years$10,381$7,442$5,233$3,621$2,472$422
31 years$9,938$7,035$4,879$3,325$2,235$355
32 years$9,523$6,657$4,552$3,056$2,022$299
33 years$9,133$6,304$4,250$2,810$1,830$251
34 years$8,768$5,975$3,971$2,586$1,657$211
35 years$8,424$5,667$3,713$2,380$1,501$178
36 years$8,100$5,379$3,473$2,192$1,360$150
37 years$7,794$5,109$3,251$2,020$1,232$126
38 years$7,505$4,855$3,044$1,862$1,117$106
39 years$7,232$4,617$2,852$1,717$1,013$89
40 years$6,973$4,393$2,673$1,583$919$75
41 years$6,727$4,181$2,507$1,461$834$63
42 years$6,493$3,982$2,351$1,348$756$53
43 years$6,271$3,794$2,207$1,245$686$45
44 years$6,060$3,617$2,071$1,149$623$38
45 years$5,858$3,449$1,945$1,061$566$32
46 years$5,666$3,290$1,827$980$514$27
47 years$5,483$3,140$1,716$906$466$22
48 years$5,307$2,997$1,613$837$424$19
49 years$5,140$2,862$1,516$773$385$16
50 years$4,979$2,734$1,425$715$349$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $5,100,000, adding $3,150 every year, while hoping to spend $39,315 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: 45/45/10 Blend
65$5,100,000$5,100,000$5,100,000$5,100,000
66$5,623,449$5,353,149$5,274,099$5,860,469
67$6,155,210$5,573,623$5,408,951$6,245,395
68$6,739,893$5,803,582$5,547,002$6,658,253
69$7,382,854$6,043,449$5,688,319$7,105,029
70$8,089,996$6,293,669$5,832,968$7,588,866
71$8,867,820$6,554,703$5,981,016$8,113,214
72$9,723,490$6,827,036$6,132,533$8,681,861
73$10,664,899$7,111,174$6,287,587$9,298,968
74$11,700,746$7,407,648$6,446,247$9,969,105
75$12,840,611$7,717,012$6,608,586$10,697,295
76$14,095,054$8,039,847$6,774,674$11,489,052
77$15,475,709$8,376,758$6,944,585$12,350,442
78$16,995,393$8,728,381$7,118,390$13,288,128
79$18,668,231$9,095,380$7,296,165$14,309,436
80$20,509,788$9,478,451$7,477,983$15,422,419
81$22,537,211$9,878,319$7,663,920$16,635,934
82$24,769,397$10,295,748$7,854,052$17,959,717
83$27,227,168$10,731,532$8,048,455$19,404,479
84$29,933,467$11,186,505$8,247,207$20,981,998
85$32,913,577$11,661,539$8,450,384$22,705,232
86$36,195,354$12,157,548$8,658,065$24,588,434
87$39,809,498$12,675,485$8,870,327$26,647,287
88$43,789,834$13,216,351$9,087,251$28,899,045
89$48,173,637$13,781,193$9,308,914$31,362,696
90$53,001,982$14,371,104$9,535,396$34,059,132
91$58,320,128$14,987,233$9,766,776$37,011,349
92$64,177,951$15,630,777$10,003,133$40,244,654
93$70,630,411$16,302,995$10,244,547$43,786,904
94$77,738,071$17,005,199$10,491,097$47,668,759
95$85,567,668$17,738,768$10,742,863$51,923,975
96$94,192,744$18,505,141$10,999,922$56,589,707
97$103,694,339$19,305,828$11,262,354$61,706,865
98$114,161,755$20,142,407$11,530,237$67,320,488
99$125,693,401$21,016,532$11,803,647$73,480,165
100$138,397,720$21,929,934$12,082,662$80,240,498