Can I retire at age 67 with 5,400,000?

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 $5,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$445,927$441,955$438,080$434,297$430,604$427,711
2 years$220,756$216,645$212,660$208,797$205,049$202,132
3 years$145,709$141,580$137,605$133,778$130,092$127,240
4 years$108,192$104,076$100,141$96,380$92,783$90,018
5 years$85,689$81,597$77,714$74,029$70,532$67,863
6 years$70,691$66,630$62,804$59,201$55,809$53,240
7 years$59,983$55,956$52,191$48,673$45,388$42,919
8 years$51,955$47,964$44,262$40,830$37,654$35,285
9 years$45,714$41,762$38,123$34,778$31,710$29,441
10 years$40,725$36,811$33,236$29,979$27,018$24,848
11 years$36,645$32,771$29,261$26,091$23,237$21,164
12 years$33,248$29,413$25,968$22,885$20,136$18,159
13 years$30,376$26,581$23,201$20,204$17,559$15,675
14 years$27,916$24,161$20,846$17,935$15,392$13,599
15 years$25,786$22,072$18,821$15,995$13,553$11,848
16 years$23,924$20,250$17,064$14,322$11,978$10,359
17 years$22,283$18,650$15,528$12,868$10,620$9,085
18 years$20,826$17,233$14,175$11,597$9,443$7,989
19 years$19,523$15,972$12,976$10,479$8,417$7,041
20 years$18,353$14,842$11,909$9,490$7,518$6,217
21 years$17,295$13,824$10,954$8,613$6,728$5,499
22 years$16,335$12,905$10,096$7,831$6,031$4,872
23 years$15,459$12,069$9,322$7,132$5,413$4,321
24 years$14,658$11,308$8,621$6,505$4,866$3,837
25 years$13,922$10,612$7,985$5,941$4,378$3,411
26 years$13,244$9,974$7,405$5,432$3,944$3,035
27 years$12,617$9,386$6,877$4,972$3,556$2,702
28 years$12,035$8,845$6,393$4,555$3,208$2,408
29 years$11,495$8,344$5,949$4,177$2,897$2,147
30 years$10,992$7,880$5,541$3,834$2,618$1,915
31 years$10,522$7,449$5,166$3,521$2,367$1,709
32 years$10,083$7,049$4,820$3,236$2,141$1,526
33 years$9,671$6,675$4,500$2,976$1,937$1,363
34 years$9,284$6,326$4,205$2,738$1,754$1,218
35 years$8,920$6,001$3,931$2,520$1,589$1,088
36 years$8,576$5,695$3,678$2,321$1,440$973
37 years$8,253$5,409$3,442$2,139$1,305$870
38 years$7,947$5,141$3,223$1,971$1,183$778
39 years$7,657$4,888$3,020$1,818$1,073$696
40 years$7,383$4,651$2,831$1,676$973$623
41 years$7,122$4,427$2,654$1,547$883$557
42 years$6,875$4,216$2,490$1,427$801$499
43 years$6,640$4,017$2,336$1,318$727$447
44 years$6,416$3,829$2,193$1,217$660$400
45 years$6,203$3,652$2,059$1,124$599$358
46 years$5,999$3,484$1,934$1,038$544$321
47 years$5,805$3,324$1,817$959$494$287
48 years$5,619$3,174$1,707$886$448$257
49 years$5,442$3,031$1,605$819$407$230
50 years$5,272$2,895$1,509$757$370$206

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $5,400,000, adding $3,696 every year, while hoping to spend $49,726 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: 51/21/28 Blend
66$5,400,000$5,400,000$5,400,000$5,400,000
67$5,954,612$5,668,412$5,584,712$6,211,137
68$6,509,075$5,893,257$5,718,892$6,615,182
69$7,118,426$6,127,451$5,855,900$7,049,007
70$7,788,211$6,371,403$5,995,779$7,519,781
71$8,524,542$6,625,534$6,138,571$8,031,045
72$9,334,149$6,890,290$6,284,317$8,586,690
73$10,224,449$7,166,131$6,433,059$9,191,000
74$11,203,614$7,453,542$6,584,837$9,848,685
75$12,280,646$7,753,029$6,739,693$10,564,929
76$13,465,465$8,065,120$6,897,665$11,345,433
77$14,768,999$8,390,368$7,058,794$12,196,475
78$16,203,291$8,729,350$7,223,117$13,124,960
79$17,781,608$9,082,669$7,390,672$14,138,488
80$19,518,568$9,450,957$7,561,497$15,245,426
81$21,430,281$9,834,872$7,735,626$16,454,983
82$23,534,495$10,235,106$7,913,094$17,777,294
83$25,850,765$10,652,378$8,093,934$19,223,522
84$28,400,641$11,087,442$8,278,179$20,805,950
85$31,207,867$11,541,088$8,465,859$22,538,108
86$34,298,606$12,014,138$8,657,002$24,434,889
87$37,701,688$12,507,455$8,851,636$26,512,694
88$41,448,881$13,021,940$9,049,786$28,789,583
89$45,575,188$13,558,537$9,251,475$31,285,444
90$50,119,181$14,118,229$9,456,723$34,022,178
91$55,123,365$14,702,050$9,665,551$37,023,906
92$60,634,574$15,311,076$9,877,973$40,317,193
93$66,704,419$15,946,437$10,094,003$43,931,296
94$73,389,768$16,609,311$10,313,651$47,898,442
95$80,753,291$17,300,934$10,536,924$52,254,125
96$88,864,042$18,022,595$10,763,827$57,037,442
97$97,798,119$18,775,647$10,994,360$62,291,457
98$107,639,374$19,561,501$11,228,518$68,063,610
99$118,480,212$20,381,636$11,466,295$74,406,156
100$130,422,457$21,237,599$11,707,679$81,376,661