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

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 $5,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$478,959$474,692$470,530$466,467$462,500$456,154
2 years$237,108$232,692$228,413$224,263$220,238$213,855
3 years$156,502$152,067$147,798$143,688$139,728$133,508
4 years$116,207$111,785$107,559$103,519$99,655$93,645
5 years$92,036$87,641$83,470$79,512$75,756$69,973
6 years$75,927$71,566$67,456$63,587$59,943$54,395
7 years$64,426$60,101$56,057$52,278$48,750$43,438
8 years$55,803$51,517$47,540$43,855$40,443$35,366
9 years$49,101$44,855$40,947$37,355$34,059$29,215
10 years$43,742$39,538$35,698$32,200$29,020$24,406
11 years$39,360$35,198$31,428$28,024$24,958$20,570
12 years$35,711$31,592$27,892$24,580$21,628$17,460
13 years$32,626$28,550$24,919$21,701$18,860$14,907
14 years$29,984$25,951$22,390$19,264$16,533$12,788
15 years$27,696$23,707$20,215$17,180$14,557$11,015
16 years$25,696$21,750$18,328$15,383$12,865$9,519
17 years$23,933$20,031$16,678$13,821$11,407$8,249
18 years$22,368$18,510$15,225$12,456$10,143$7,167
19 years$20,970$17,155$13,938$11,255$9,040$6,239
20 years$19,712$15,941$12,791$10,193$8,075$5,441
21 years$18,576$14,848$11,765$9,251$7,226$4,752
22 years$17,545$13,860$10,844$8,411$6,477$4,156
23 years$16,605$12,963$10,012$7,660$5,814$3,639
24 years$15,744$12,146$9,260$6,987$5,226$3,189
25 years$14,953$11,398$8,576$6,381$4,703$2,798
26 years$14,225$10,713$7,954$5,834$4,236$2,456
27 years$13,551$10,082$7,386$5,340$3,819$2,157
28 years$12,927$9,500$6,866$4,893$3,446$1,896
29 years$12,347$8,962$6,390$4,487$3,112$1,668
30 years$11,806$8,464$5,952$4,118$2,812$1,467
31 years$11,302$8,001$5,549$3,782$2,542$1,291
32 years$10,830$7,571$5,177$3,476$2,299$1,137
33 years$10,387$7,170$4,834$3,196$2,081$1,001
34 years$9,971$6,795$4,516$2,941$1,884$882
35 years$9,580$6,445$4,222$2,707$1,706$777
36 years$9,212$6,117$3,950$2,493$1,546$685
37 years$8,864$5,810$3,697$2,297$1,401$604
38 years$8,535$5,522$3,462$2,117$1,270$532
39 years$8,224$5,250$3,244$1,952$1,152$469
40 years$7,930$4,995$3,040$1,801$1,045$414
41 years$7,650$4,755$2,851$1,661$948$365
42 years$7,384$4,529$2,674$1,533$860$322
43 years$7,132$4,315$2,509$1,415$781$284
44 years$6,891$4,113$2,355$1,307$709$250
45 years$6,662$3,922$2,212$1,207$643$221
46 years$6,444$3,742$2,077$1,115$584$195
47 years$6,235$3,571$1,952$1,030$530$172
48 years$6,036$3,409$1,834$952$482$152
49 years$5,845$3,255$1,724$880$437$134
50 years$5,663$3,109$1,621$813$397$118

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 $3,436 every year, while hoping to spend $50,142 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: 82/9/9 Blend
64$5,800,000$5,800,000$5,800,000$5,800,000
65$6,395,144$6,087,744$5,997,844$6,911,219
66$6,994,098$6,332,693$6,145,421$7,494,491
67$7,652,465$6,587,964$6,296,262$8,127,701
68$8,376,252$6,854,009$6,450,422$8,821,358
69$9,172,077$7,131,303$6,607,958$9,581,493
70$10,047,231$7,420,339$6,768,927$10,414,746
71$11,009,749$7,721,636$6,933,387$11,328,432
72$12,068,481$8,035,734$7,101,393$12,330,604
73$13,233,180$8,363,199$7,273,003$13,430,135
74$14,514,590$8,704,621$7,448,274$14,636,795
75$15,924,550$9,060,619$7,627,263$15,961,346
76$17,476,104$9,431,840$7,810,027$17,415,641
77$19,183,625$9,818,958$7,996,621$19,012,738
78$21,062,949$10,222,682$8,187,102$20,767,019
79$23,131,526$10,643,750$8,381,527$22,694,328
80$25,408,583$11,082,935$8,579,949$24,812,116
81$27,915,306$11,541,046$8,782,425$27,139,611
82$30,675,038$12,018,928$8,989,007$29,697,991
83$33,713,503$12,517,466$9,199,749$32,510,590
84$37,059,043$13,037,585$9,414,704$35,603,112
85$40,742,892$13,580,254$9,633,923$39,003,876
86$44,799,464$14,146,483$9,857,457$42,744,083
87$49,266,682$14,737,333$10,085,354$46,858,104
88$54,186,332$15,353,911$10,317,662$51,383,809
89$59,604,462$15,997,376$10,554,427$56,362,923
90$65,571,811$16,668,942$10,795,695$61,841,415
91$72,144,293$17,369,877$11,041,508$67,869,934
92$79,383,518$18,101,509$11,291,906$74,504,284
93$87,357,381$18,865,226$11,546,928$81,805,952
94$96,140,695$19,662,483$11,806,611$89,842,682
95$105,815,902$20,494,801$12,070,989$98,689,121
96$116,473,849$21,363,772$12,340,092$108,427,515
97$128,214,646$22,271,060$12,613,949$119,148,486
98$141,148,608$23,218,411$12,892,585$130,951,889
99$155,397,301$24,207,648$13,176,022$143,947,749
100$171,094,684$25,240,681$13,464,276$158,257,298