Can I retire at age 65 with 5,800,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $5,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$478,959$474,692$470,530$466,467$462,500$457,670
2 years$237,108$232,692$228,413$224,263$220,238$215,374
3 years$156,502$152,067$147,798$143,688$139,728$134,981
4 years$116,207$111,785$107,559$103,519$99,655$95,062
5 years$92,036$87,641$83,470$79,512$75,756$71,330
6 years$75,927$71,566$67,456$63,587$59,943$55,689
7 years$64,426$60,101$56,057$52,278$48,750$44,670
8 years$55,803$51,517$47,540$43,855$40,443$36,537
9 years$49,101$44,855$40,947$37,355$34,059$30,325
10 years$43,742$39,538$35,698$32,200$29,020$25,456
11 years$39,360$35,198$31,428$28,024$24,958$21,562
12 years$35,711$31,592$27,892$24,580$21,628$18,396
13 years$32,626$28,550$24,919$21,701$18,860$15,788
14 years$29,984$25,951$22,390$19,264$16,533$13,616
15 years$27,696$23,707$20,215$17,180$14,557$11,791
16 years$25,696$21,750$18,328$15,383$12,865$10,246
17 years$23,933$20,031$16,678$13,821$11,407$8,930
18 years$22,368$18,510$15,225$12,456$10,143$7,803
19 years$20,970$17,155$13,938$11,255$9,040$6,832
20 years$19,712$15,941$12,791$10,193$8,075$5,994
21 years$18,576$14,848$11,765$9,251$7,226$5,266
22 years$17,545$13,860$10,844$8,411$6,477$4,634
23 years$16,605$12,963$10,012$7,660$5,814$4,082
24 years$15,744$12,146$9,260$6,987$5,226$3,600
25 years$14,953$11,398$8,576$6,381$4,703$3,178
26 years$14,225$10,713$7,954$5,834$4,236$2,807
27 years$13,551$10,082$7,386$5,340$3,819$2,482
28 years$12,927$9,500$6,866$4,893$3,446$2,196
29 years$12,347$8,962$6,390$4,487$3,112$1,943
30 years$11,806$8,464$5,952$4,118$2,812$1,721
31 years$11,302$8,001$5,549$3,782$2,542$1,525
32 years$10,830$7,571$5,177$3,476$2,299$1,351
33 years$10,387$7,170$4,834$3,196$2,081$1,198
34 years$9,971$6,795$4,516$2,941$1,884$1,062
35 years$9,580$6,445$4,222$2,707$1,706$942
36 years$9,212$6,117$3,950$2,493$1,546$836
37 years$8,864$5,810$3,697$2,297$1,401$742
38 years$8,535$5,522$3,462$2,117$1,270$659
39 years$8,224$5,250$3,244$1,952$1,152$585
40 years$7,930$4,995$3,040$1,801$1,045$519
41 years$7,650$4,755$2,851$1,661$948$461
42 years$7,384$4,529$2,674$1,533$860$409
43 years$7,132$4,315$2,509$1,415$781$364
44 years$6,891$4,113$2,355$1,307$709$323
45 years$6,662$3,922$2,212$1,207$643$287
46 years$6,444$3,742$2,077$1,115$584$255
47 years$6,235$3,571$1,952$1,030$530$226
48 years$6,036$3,409$1,834$952$482$201
49 years$5,845$3,255$1,724$880$437$179
50 years$5,663$3,109$1,621$813$397$159

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $5,800,000, adding $6,296 every year, while hoping to spend $25,019 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: 51/44/5 Blend
64$5,800,000$5,800,000$5,800,000$5,800,000
65$6,398,094$6,090,694$6,000,794$6,716,680
66$7,024,080$6,362,518$6,175,201$7,205,464
67$7,713,078$6,646,823$6,354,612$7,733,252
68$8,471,488$6,944,194$6,539,168$8,306,351
69$9,306,364$7,255,244$6,729,014$8,929,013
70$10,225,477$7,580,615$6,924,300$9,605,912
71$11,237,391$7,920,980$7,125,179$10,342,179
72$12,351,540$8,277,043$7,331,808$11,143,449
73$13,578,323$8,649,544$7,544,349$12,015,916
74$14,929,195$9,039,255$7,762,968$12,966,384
75$16,416,782$9,446,988$7,987,837$14,002,331
76$18,054,994$9,873,591$8,219,130$15,131,978
77$19,859,161$10,319,954$8,457,028$16,364,358
78$21,846,173$10,787,009$8,701,716$17,709,406
79$24,034,643$11,275,733$8,953,384$19,178,042
80$26,445,083$11,787,150$9,212,229$20,782,277
81$29,100,093$12,322,332$9,478,450$22,535,319
82$32,024,579$12,882,403$9,752,254$24,451,694
83$35,245,985$13,468,540$10,033,854$26,547,381
84$38,794,554$14,081,977$10,323,466$28,839,959
85$42,703,612$14,724,006$10,621,316$31,348,764
86$47,009,881$15,395,984$10,927,631$34,095,074
87$51,753,831$16,099,330$11,242,649$37,102,301
88$56,980,056$16,835,531$11,566,611$40,396,207
89$62,737,697$17,606,146$11,899,768$44,005,142
90$69,080,905$18,412,811$12,242,374$47,960,309
91$76,069,356$19,257,238$12,594,692$52,296,051
92$83,768,808$20,141,220$12,956,991$57,050,167
93$92,251,726$21,066,639$13,329,550$62,264,266
94$101,597,965$22,035,467$13,712,653$67,984,154
95$111,895,521$23,049,769$14,106,591$74,260,255
96$123,241,367$24,111,710$14,511,664$81,148,084
97$135,742,364$25,223,561$14,928,182$88,708,763
98$149,516,268$26,387,699$15,356,459$97,009,589
99$164,692,849$27,606,618$15,796,822$106,124,661
100$181,415,107$28,882,930$16,249,603$116,135,572