Can I retire at age 65 with 5,900,000?

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 $5,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$487,216$482,877$478,642$474,510$470,474$453,241
2 years$241,196$236,704$232,351$228,130$224,035$206,865
3 years$159,200$154,689$150,346$146,165$142,137$125,570
4 years$118,210$113,713$109,414$105,304$101,373$85,535
5 years$93,623$89,152$84,909$80,883$77,063$61,995
6 years$77,236$72,799$68,619$64,683$60,977$46,690
7 years$65,536$61,137$57,023$53,179$49,591$36,082
8 years$56,765$52,406$48,360$44,611$41,140$28,397
9 years$49,947$45,628$41,653$37,999$34,646$22,652
10 years$44,496$40,219$36,314$32,755$29,520$18,253
11 years$40,038$35,805$31,970$28,507$25,388$14,825
12 years$36,327$32,136$28,373$25,004$22,001$12,114
13 years$33,188$29,042$25,349$22,075$19,185$9,948
14 years$30,501$26,398$22,776$19,596$16,818$8,202
15 years$28,174$24,115$20,564$17,476$14,808$6,783
16 years$26,139$22,125$18,644$15,648$13,087$5,625
17 years$24,346$20,377$16,965$14,059$11,604$4,674
18 years$22,754$18,829$15,487$12,670$10,318$3,891
19 years$21,331$17,450$14,178$11,449$9,196$3,243
20 years$20,052$16,216$13,012$10,369$8,214$2,707
21 years$18,897$15,104$11,968$9,411$7,351$2,262
22 years$17,847$14,099$11,031$8,556$6,589$1,891
23 years$16,891$13,187$10,185$7,792$5,915$1,582
24 years$16,015$12,355$9,419$7,107$5,316$1,325
25 years$15,211$11,595$8,724$6,491$4,784$1,109
26 years$14,470$10,897$8,091$5,935$4,309$930
27 years$13,785$10,256$7,513$5,432$3,885$779
28 years$13,150$9,664$6,985$4,977$3,506$653
29 years$12,560$9,117$6,500$4,564$3,165$548
30 years$12,010$8,610$6,054$4,189$2,860$460
31 years$11,497$8,139$5,644$3,847$2,586$386
32 years$11,016$7,701$5,266$3,535$2,339$323
33 years$10,566$7,293$4,917$3,251$2,117$271
34 years$10,143$6,912$4,594$2,991$1,917$228
35 years$9,745$6,556$4,295$2,754$1,736$191
36 years$9,371$6,223$4,018$2,536$1,573$160
37 years$9,017$5,910$3,761$2,337$1,426$135
38 years$8,682$5,617$3,522$2,154$1,292$113
39 years$8,366$5,341$3,300$1,986$1,172$95
40 years$8,066$5,082$3,093$1,832$1,063$80
41 years$7,782$4,837$2,900$1,690$964$67
42 years$7,512$4,607$2,720$1,560$875$56
43 years$7,255$4,389$2,553$1,440$794$47
44 years$7,010$4,184$2,396$1,329$721$40
45 years$6,777$3,990$2,250$1,228$654$33
46 years$6,555$3,806$2,113$1,134$594$28
47 years$6,343$3,632$1,985$1,048$540$23
48 years$6,140$3,467$1,866$968$490$20
49 years$5,946$3,311$1,754$895$445$17
50 years$5,760$3,163$1,649$827$404$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $5,900,000, adding $3,623 every year, while hoping to spend $53,176 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: 74/9/17 Blend
64$5,900,000$5,900,000$5,900,000$5,900,000
65$6,505,537$6,192,837$6,101,387$6,961,465
66$7,112,523$6,439,707$6,249,205$7,510,889
67$7,779,639$6,696,892$6,400,192$8,105,870
68$8,512,963$6,964,840$6,554,399$8,756,429
69$9,319,190$7,244,022$6,711,876$9,468,078
70$10,205,695$7,534,927$6,872,672$10,246,889
71$11,180,607$7,838,069$7,036,837$11,099,545
72$12,252,878$8,153,984$7,204,420$12,033,408
73$13,432,374$8,483,232$7,375,471$13,056,584
74$14,729,965$8,826,398$7,550,038$14,178,002
75$16,157,625$9,184,096$7,728,168$15,407,493
76$17,728,551$9,556,965$7,909,910$16,755,887
77$19,457,281$9,945,674$8,095,310$18,235,111
78$21,359,835$10,350,923$8,284,414$19,858,304
79$23,453,863$10,773,443$8,477,267$21,639,937
80$25,758,815$11,214,000$8,673,913$23,595,951
81$28,296,121$11,673,393$8,874,396$25,743,903
82$31,089,394$12,152,458$9,078,757$28,103,138
83$34,164,654$12,652,069$9,287,036$30,694,964
84$37,550,570$13,173,143$9,499,274$33,542,853
85$41,278,736$13,716,634$9,715,507$36,672,666
86$45,383,961$14,283,543$9,935,771$40,112,891
87$49,904,606$14,874,917$10,160,100$43,894,915
88$54,882,938$15,491,850$10,388,525$48,053,316
89$60,365,533$16,135,487$10,621,077$52,626,188
90$66,403,717$16,807,025$10,857,782$57,655,505
91$73,054,043$17,507,716$11,098,665$63,187,509
92$80,378,833$18,238,872$11,343,747$69,273,148
93$88,446,759$19,001,862$11,593,048$75,968,557
94$97,333,497$19,798,122$11,846,584$83,335,586
95$107,122,434$20,629,150$12,104,365$91,442,380
96$117,905,463$21,496,519$12,366,401$100,364,026
97$129,783,841$22,401,869$12,632,696$110,183,253
98$142,869,152$23,346,920$12,903,251$120,991,219
99$157,284,357$24,333,471$13,178,062$132,888,365
100$173,164,953$25,363,403$13,457,119$145,985,363